Source: 1844 Resources Inc.
  • 1844 Resources (EFF) has entered into a purchase agreement to acquire a 100 per cent interest in 4 claims on its Native Copper Project
  • The vendors, 9248-7792 Quebec Inc. and Prospect Or Corp, will each receive 200,000 common shares and a 2 per cent net smelter returns royalty
  • 1844 is an exploration company with a focus on strategic and energetic metals
  • 1844 Resources Inc. (EFF) is currently trading at C$0.095 per share

1844 Resources (EFF) has agreed to acquire a 100 per cent interest in 4 claims on its Native Copper Project.

Two known showings are part of the claims acquired: Fer à Cheval – 1 and Ruisseau Cantin, 1844 has also acquired an additional 12 claims.

As consideration for the acquisition, the vendors 9248-7792 Quebec Inc. and Prospect Or Corp will each receive 200,000 common shares and a 2 per cent net smelter returns royalty.

1844 Resources has a 100 per cent undivided interest in 172 claims in the Southern part of the Gaspé Peninsula, to the North-West of the municipality of Chandler and Northeast of Port-Daniel. The project now extends on 98sq/km and 7 known showings are part of the property.

1844 is an exploration company with a focus on strategic and energetic metals and underexplored regions “Gaspé, Chibougamau Québec”.

1844 Resources Inc. (EFF) is currently trading at C$0.095 per share.

More From The Market Online

Three stocks with multi-bagger potential

The best investors stick to stocks with the most easily discernible reasons in support of their multi-bagger potential.

Junior gold CEO signals conviction with new investment

Cynthia Le Sueur-Aquin, CEO of junior gold stock Laurion Mineral Exploration (TSXV:LME), will exercise 750,000 stock options for C$142,500.

Nine Mile Metals completes acquisition of 3 properties

Nine Mile Metals (CSE:NINE) completes the exercise and acquisition of its 100 per cent interest in three properties in New Brunswick.
Laurion Mineral Exploration Ishkõday gold project

Top-performing mining stock adds three new gold zones

Laurion Mineral Exploration (TSXV:LME), a top-performing junior gold stock, shares assay results from its 2024 drilling program in Ontario.