1844 Resources Inc. (TSX-V: EFF) is pleased to announce that it has completed the first tranche closing of its previously announced non-brokered private placement, originally announced on July 14, 2026.

Pursuant to the first closing, the Company issued:

• 14,490,000 Flow-Through Units at a price of $0.035 per Flow-Through Unit for gross proceeds of $507,150; and
• 3,831,666 Hard Dollar Units  at a price of $0.03 per Hard Dollar Unit for gross proceeds of approximately $114,950.

The aggregate gross proceeds raised in the first closing total approximately $622,100.

Each Flow-Through Unit consists of one common share of the Company to be issued as a “flow-through share” within the meaning of the Income Tax Act (Canada) and one-half of Share purchase warrant. Each Hard Dollar Unit consists of one Share and one-half of one Warrant. Each Warrant entitles the holder to acquire one additional Share at an exercise price of $0.05 per Warrant Share for a period of 24 months from the date of issuance, subject to the policies of the TSX Venture Exchange.

All of the gross proceeds from the sale of the Flow-Through Units will be used to incur eligible Canadian exploration expenses that qualify as critical minerals flow-through mining expenditures, including a planned 3,000-metre diamond drilling program at the Company’s Sullipek East copper project located in the Gaspé Peninsula of Québec.

Among other costs, the Company will use the net proceeds from the Hard Dollar Units as follows: (i) 40% will be used for general working capital and corporate purposes; (ii) 30% will be used for supporting the Company’s exploration activities, (iii) 20% will be used to pay finder’s fees and expenses associated with the Offering, and (iv) 10% will be used for Investor relations and marketing.

In connection with the first closing of the Offering, the Company paid cash finder’s fees of approximately $33,355 and issued 972,999 broker warrants to eligible finders. Each Broker Warrant entitles the holder to acquire one additional Share at the Exercise Price for a period of 24 months from the closing date, in accordance with applicable securities laws and the policies of the TSXV.

All securities issued pursuant to the Offering are subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable Canadian securities laws.

The Offering remains subject to the final acceptance of the TSXV The Company expects to complete one or more additional closings of the Offering as further subscriptions are received and approved.

About 1844 Resources Inc.

1844 Resources Inc. is a mineral exploration company focused on developing high-quality copper and critical mineral projects in the Gaspé Peninsula of Québec. The Company’s flagship SV2 Project includes the Sullipek East and Sullipek copper deposits and is strategically located adjacent to major mining infrastructure in one of Canada’s premier copper districts.