1844 Resources Inc. (TSX-V: EFF) is pleased to announce that, pursuant to news releases dated July 14, 2026, August 11, 2026, and August 24, 2026 it has closed the second and final tranche of its previously announced non-brokered private placement raising additional gross proceeds of $325,550 in the Second Closing.

Pursuant to the Second Closing, the Company issued:

• 6,500,000 Hard Dollar Units at a price of $0.03 per Hard Dollar Unit for gross proceeds of $195,000; and
• 3,730,000 Flow-Through Units at a price of $0.035 per Flow-Through Unit for gross proceeds of $130,550;

Following completion of both closings, the Company issued an aggregate of:

• 18,220,000 Flow-Through Units for aggregate gross proceeds of $637,700; and
• 10,331,666 Hard Dollar Units for aggregate gross proceeds of $309,950.

Combined with the proceeds raised in the first tranche, the Company has raised an aggregate total of $947,650.

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 one 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.

Use of Proceeds

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 expenditures related to the Company’s planned 3,000-metre diamond drilling program at its Sullipek East copper project, part of the Company’s SV2 Project located in the Gaspé Peninsula of Québec. Among other costs, the Company intends to use the net proceeds from the Hard Dollar Units as follows: (i) 40% for general working capital and corporate purposes; (ii) 30% to support the Company’s exploration activities; (iii) 20% to pay finder’s fees and expenses associated with the Offering; and (iv) 10% for investor relations and marketing activities.

In connection with the Second Closing of the Offering, the Company paid cash finder’s fees of approximately $2,205 and issued 42,000 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.

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.