Northwire Canada EditionSunday, November 8, 2026
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Drill Results

1844 Resources Secures Drilling Permits and Re-Activates Flagship Gaspe SV2 Copper Project

1844 Resources Clears Permit Hurdle for First Time in Decade as Copper Drilling Awaits

By The Northwire Desk — AI Analysis Apr 09, 2026 · 09:44 EFF · 0.025 1844 Resources Inc.
Executive Summary
  • 1844 Resources Inc. (TSXV: EFF) has secured all required drilling permits for its flagship SV2 (Sullipek/Vortex/Vallières) copper project in Quebec, making it drill-ready for the first time in over a decade.
  • The company disclosed a 50/50 joint venture arrangement with Glencore on the adjoining Vallièrès property.
  • An NI 43-101 inferred resource of 2.24 Mt @ 1.09% Cu is reported for the Sullipek portion, based largely on historical data requiring verification.
  • A drill campaign is slated for late summer/early fall 2026 following a 500,000 stock option grant to a director ($0.05 exercise price).
  • This follows a financing round in early 2026 raising approximately $395,589.50 and an asset acquisition of SOQUEM's interest in October 2025.
Material Impact
  • The permit acquisition is a critical operational milestone but was largely anticipated following the October 2025 Work Authorization news; therefore, it lacks the "unexpected" quality required for a Material - Positive rating.
  • While removing regulatory constraints is positive, the company's financial position remains precarious with only ~$396k raised in early 2026 against potential multi-million dollar drilling costs.
  • The resource estimate is inferred and historical; no new high-grade intercepts have been released to validate the project's economic viability yet.
  • The news confirms progress but does not alter the fundamental risk profile regarding capital sufficiency or resource definition quality.
EFF · Price
Company Overview
  • Company: 1844 Resources Inc., focused on copper exploration in Quebec's Gaspé Peninsula.
  • Flagship Project: SV2 (Sullipek/Vortex/Vallières) covering ~68 km², located 22 km west of Osisko Metals' Murdochville project.
  • Project Status: Permitting phase complete; moving to exploration drilling in late 2026.
  • Resource Base: NI 43-101 inferred resource of 2.24 Mt @ 1.09% Cu on Sullipek (historical data pending verification).
  • Strategic Location: Situated within the Gaspé copper belt, adjacent to major producers like Osisko Metals.
Read the original news release →

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Sep 23, 2026 · 08:01

1844 will mobilize drilling in November to advance its SV2 project despite tight cash reserves.

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1844 Resources Advances Gaspé Copper Project with Operator Appointment Following Permit Securing

Production / Operations Apr 22, 2026 · 08:19

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Drill Results