Highlights: Filed the new National Instrument 43-101 Technical Report that defines the large and high-grade Mineral Resources at the Ferguson Lake Project . 80% of the Indicated Mineral Resource is Open Pit, which provides a solid Mineral Resource base for the initial development of a potential large mine. Planned geophysical programs for generating new exploration targets with significant resource upside potential along [...]
Canadian North Resources Inc. ) is pleased to announce that it has been awarded a grant for its Community Engagement Support Program from the Government of Nunavut, represented by the Minister of the Department of Economic Development & Transportation . The CESP aims to support the Company's ongoing community engagement activities in Nunavut through contributions to cover costs associated with engagement and consultation [...]
Canadian North Resources Inc. ) is pleased to announce the voting results for the election of its Board of Directors at its Annual and Special Meeting of Shareholders held on June 18, 2024, in Mississauga, Ontario. A total of 75,369,669 common shares were voted at the Meeting, representing 65.81% of the common shares outstanding . Shareholders approved the re-election of all Directors as listed in the Management [...]
Highlights: Filed the Mineral Resources Statement in compliance with the National Instrument 43-101 Standards that defines the large and high-grade Mineral Resources at the Ferguson Lake Project . 80% of the Indicated Mineral Resource is Open Pit, which provides a solid Mineral Resource base for the initial development of a potential large mine. Identified new targets with significant resource upside potential along [...]
Highlights: Indicated Mineral Resources to 66.1 million tonnes containing 1,093 million pounds copper at 0.75%, 678Mlb nickel at 0.47%, 79Mlb cobalt at 0.05%, 2.34 million ounces palladium at 1.10 g/t and 0.42Moz platinum at 0.19 g/t. 80% of the Indicated Mineral Resources are Open Pit comprising 52.7Mt at 0.65% Cu, 0.43% Ni, 0.05% Co, 0.97g/t Pd and 0.17% Pt. Inferred Mineral Resources of 25.9Mt containing 558Mlb copper [...]
2023 Operational and Project Highlights: The Company raised over $17 million for exploration, with cash and cash equivalents of $5,540,312 at the year end Completed aggressive exploration programs with 21,126 meters in 47 holes drilled in 2023. Adding results of 39,270 meters in 145 holes of new diamond drilling to the project database for the updated Mineral Resources estimation reported in Q1 2024, which includes: A [...]
Canadian North Resources Inc. ) announces that it has filed with the TSX Venture Exchange a Notice of Intention to Make a Normal Course Issuer Bid which is proposed to commence on April 10, 2024 and terminate on April 9, 2025 or the earlier of the date all shares which are subject to the Normal Course Issuer Bid are purchased. In the opinion of the Board of Directors of the Company, the market price of the Common Shares [...]
Highlights Successful metallurgical flotation tests indicate potential for three valuable concentrates: copper, nickel, and PGMs Results based on diverse mineralized materials within Ferguson Lake Project's NI 43-101 Mineral Resource Promising outlook for low-capital cost development option Underscores significant milestone in project advancement TORONTO, April 03, 2024 -- Canadian North Resources Inc. ) is pleased to [...]
Canadian North Resources Inc. ) announces that, subject to acceptance by the TSX Venture Exchange, it proposes to amend the exercise price of options to purchase a total of 1,600,000 Common Shares from $2.45 to $1.70 per share, for options previously granted to consultants to the Corporation. About Canadian North Resources Canadian North Resources Inc. is an exploration and development company focusing on the critical [...]
Highlights A 172% increase of Indicated Mineral Resources to 66.1 million tonnes containing 1,093 million pounds copper at 0.75%, 678Mlb nickel at 0.47%, 79Mlb cobalt at 0.05%, 2.34 million ounces palladium at 1.10 g/t and 0.42Moz platinum at 0.19 g/t; 80% of the Indicated Mineral Resources is Open Pit with 52.7Mt at 0.65% Cu, 0.43% Ni, 0.05% Co, 0.97g/t Pd and 0.17% Pt; Inferred Mineral Resources of 25.9Mt containing [...]
Canadian North Resources Inc. ) announces the completion of the redemption of its outstanding purchase Warrants . The Warrants were issued in connection with the Company's offering of units completed prior to listing and expired on December 29, 2023. The Company has received total proceeds of $9,186,597 from the exercise of 6,124,398 warrants between January 1, 2023 and December 29, 2023. With the exercise of these [...]
Canadian North Resources Inc. ) is pleased to report the results from the processing of Borehole Time-Domain Electromagnetic surveys from deep West Zone drillholes FL22-481A and FL23-481B completed at its 100% owned Ferguson Lake Project in Nunavut, Canada. "The combination of the drilling and geophysical survey results confirms the continuing high grade prospectivity of the West Zone down-dip for over 200 metres at [...]