1844 Resources Inc. (V:EFF*CA)

Business Focus: Copper Ore Mining

Sector:  Basic Materials Industry:  Specialty Mining & Metals
Company Contact
Address: Suite 602 - 224 4th Avenue S.
Tel: N/A
Website: https://www.1844resources.com
IR: See website
Key People
Sylvain Laberge
President, Chief Executive Officer, Director
Andrew Davidson
Chief Financial Officer, Corporate Secretary, Director
Business Overview
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.
Financial Overview
For the nine months ended 31 January 2024, 1844 Resources Inc revenues was not reported. Net loss decreased 27% to C$389K. Lower net loss reflects G/L on Sale of Tangible & Intangible FA decrease from C$141K (expense) to C$0K, Professional fees decrease of 30% to C$119K (expense), Transfer agent and filing fees decrease of 41% to C$12K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $1.40M as of Jan 31, 2024
Annual revenue (TTM): $0.00M as of Jan 31, 2024
EBITDA (TTM): -$0.61M as of Jan 31, 2024
Net annual income (TTM): -$0.59M as of Jan 31, 2024
Free cash flow (TTM): -$0.04M as of Jan 31, 2024
Net Debt Last Fiscal Year: N/A
Shares outstanding: 97,388,258 as of Apr 5, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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