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1844 Resources Provides Update on Shares for Debt Settlement
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Junior Mining News
Saskatoon, Saskatchewan--(Newsfile Corp. - October 3, 2025) - 1844 Resources Inc. (TSXV: EFF) (the "Company" or "1844") announces that it has amended the previously announced shares for debt agreements (see Press Release dated April 2, 2025) with certain arm's length creditors and two companies owned by directors of the Company (collectively, the "Creditors").
The amended agreements settle debts in an aggregate amount of $413,067[1] in relation to services provided by the Creditors to the Company by the issuance of 3,596,936 common shares in the capital of the Company (the "Shares") at a deemed price of $0.05 per Share (the "Debt Settlement").
Closing of the Debt Settlement is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the TSX Venture Exchange.
About 1844 Resources Inc.: 1844 is an exploration company with a focus in strategic and energetic metals and underexplored regions "Gaspé, Québec."
[1] $137,500 of $370,720 owing to two companies owned by two directors of the Company is being settled through Shares at a deemed price of $0.05 per Share.