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1844 Resources Inc ( (TSE:EFF) ) has provided an announcement.
1844 Resources Inc. plans to proceed with a previously announced non-brokered private placement of up to 33,333,333 units at $0.015 per unit, targeting gross proceeds of up to $500,000 to fund its renewed strategic focus on Quebec’s Gaspé copper belt. The capital raise is intended to support general corporate purposes and advance the company’s flagship Vortex/Sullipek copper project, located next to Osisko Metals’ Gaspé Copper Mine development, with management highlighting that permits are in place for a targeted drill program aimed at building on earlier discovery results and enhancing the project’s profile in one of Canada’s historically significant copper districts, subject to TSX Venture Exchange approval.
More about 1844 Resources Inc
1844 Resources Inc. is a Canadian mineral exploration company focused on high-impact copper assets in Quebec’s Gaspé region. With a dedicated management team and a refined strategy, the company aims to unlock underexplored value in the Gaspé copper belt and generate long-term returns for shareholders.
Average Trading Volume: 106,996
Technical Sentiment Signal: Sell
Current Market Cap: C$1.74M
For detailed information about EFF stock, go to TipRanks’ Stock Analysis page.