1844 Resources Inc. (V:EFF)
Business Focus: Copper Ore Mining
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Company News
Apr 10, 2024 09:16 ET
1844 Receives Final Payment for Sale of Lac Arsenault Project
Saskatoon, Saskatchewan--(Newsfile Corp. - April 10, 2024) - 1844 RESOURCES Inc. (TSXV: EFF) (the "Company" or "1844") is pleased to provide an update with respect to its previously announced sale (the "Transaction") of the Lac Arsenault project to Canadian Gold Resources Ltd. (the "Purchaser"). Pursuant to the terms of the Transaction, the Purchaser paid 1844 Six Hundred Thousand Canadian Dollars (CAN$600,000.00) as follows:
Mar 27, 2024 17:00 ET
1844 Closes Non-Brokered Private Placement of Units
Saskatoon, Saskatchewan--(Newsfile Corp. - March 27, 2024) - 1844 RESOURCES Inc. (TSXV: EFF) (the "Company" or "1844"), is pleased to announce it has closed its previously announced non-brokered private placement of units (each, a "Unit"). At closing, the Company issued 14,117,500 Units at a price of $0.02 per Unit for aggregate gross proceeds of $282,350 (the "Unit Offering").
Valuation Ratios
Industry
Sector
Beta
0.08
--
--
Price to Sales - TTM
--
7.20
4.57
Price to Book - most recent quarter
2.02
1.83
2.08
Price to Cash Flow per share - TTM
--
10.93
9.80
Price to Free Cash Flow per share - TTM
--
26.67
20.61
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Apr 30, 2024 | 2,257 | 575 |
| Apr 15, 2024 | 1,682 | 850 |
| Mar 31, 2024 | 832 | 590 |
Business Summary
| Sector: Basic Materials | Industry: Specialty Mining & Metals |
1844 Resources Inc. is a Canada-based exploration company with a focus on the metals and underexplored regions Gaspe, Nunavik, Quebec. The principal business of the Company is the identification, exploration, and development of mineral properties. Its projects include Vortex, Native Copper, and Lac Crystal. The Vortex is a copper, molybdenum, and gold project, located approximately 25 kilometers (km) west of Murdochville with 40 claims and having an area of about 24 square kilometers. Vortex Property is located inside the tectonic province of the Appalachians in the Gaspe Peninsula. The Native Copper Project, situated west of the Municipality of Chandler, is composed of about 295 claims divided into four sectors, Native Copper South, North-West, North-East and Central and has seven known indicators: Ruisseau Bleu, T.Nelson 1 and 2,Fer a Cheval-1, Ruisseau Cantin, Riviere St-Jean South, Route 102 S-W, and Jean-Baptiste Beaudin. The Lac Crystal Project is comprised of about 44 claims.
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