1844 Resources Inc ( (TSE:EFF) ) has issued an update.
1844 Resources Inc. has announced an extension to its option agreement with Nickel North Exploration Corp. regarding the Hawk Ridge nickel/copper project in northeastern Quebec. The extension, due to a delay in preparing an updated geological report, moves the deadline to March 31, 2025, and remains subject to TSX Venture Exchange approval. Additionally, 1844 Resources is pursuing a non-brokered private placement of units to raise up to $700,000, which also requires regulatory approval.
More about 1844 Resources Inc
1844 Resources Inc. is an exploration company focused on strategic and energetic metals, particularly in underexplored regions such as Gaspé and Nunavik, Québec. The company aims to create shareholder value through the discovery of new deposits, supported by a dedicated management team.
YTD Price Performance: -28.57%
Average Trading Volume: 61,232
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$2.21M
Learn more about EFF stock on TipRanks’ Stock Analysis page.