Highlights: 2023 planned 20,000-meter drill program successfully completed with 21,126 metres in total drilled during the year. 69 out of 78 holes intersected semi-massive to massive sulphides containing nickel, copper, cobalt, palladium and platinum. Assays results received for samples from the first 21 holes, e.g., 10.0m at 0.89% Cu, 0.53% Ni, 0.08% Co, 1.05g/t Pd, 0.12g/t Pt and 0.02 g/t Rh . Over 3,200 samples from [...]
Canadian North Resources Inc. ) announces that the Company has commenced a market awareness program, aimed at enhancing its market visibility and engagement. As part of the initiative, the Company has engaged BTV - Business Television to improve exposure to capital markets. The engagement is for a period of twelve weeks BTV is a TV production and Digital Marketing Agency that helps issuers increase their brand awareness [...]
Canadian North Resources Inc. announces further to its News Releases of July 27, 2023, August 2, 2023 and September 1, 2023 in relation to its non-brokered private placement of common shares on a flow-through basis pursuant to the Income Tax Act , of which 1,031,425 Flow-Through Shares were issued at a price of $2.70 per share for gross proceeds of $2,784,847.50 and its non-brokered private placement of common shares [...]
Canadian North Resources Inc. ) announces further to its News Releases of July 27, 2023 and August 2, 2023 that closing of the second tranche of the private placement of common shares issuable on a flow-through basis pursuant to the Income Tax Act at a price of $2.877 per share has been extended for not later than Wednesday, September 13, 2023. Finder's fees in relation to the Charity Flow-Through Offering will be paid in [...]
Highlights: 5 drill rigs have been operating to complete the planned 20,000-meter drill program in 2023 Completed resource definition drilling of the extensions of West Zone and East Zone on Ferguson Lake Made significant technical achievements by expanding the mineralized horizons by over 2,700 meters Intersected near-surface massive sulphide zones, e.g, 10.0m at 0.89% Cu, 0.53% Ni, 0.08% Co, 1.05g/t Pd, 0.12g/t Pt and [...]
Canadian North Resources Inc. ) is pleased to announce that it has received the first installment of $125,000 of the $250,000 grant it has been awarded from the Government of Nunavut's Discover, Invest, Grow program in support of its ongoing 2023 exploration program. This grant comes on the heels of the $250,000 received in two installments in May and June 2023 for the successful completion of its 2022 program [...]
Canadian North Resources Inc. ) announces, further to its news release issued July 27, 2023, the closing of the first tranche of its non-brokered private placement of 1,082,621 common shares on a flow-through basis pursuant to the Income Tax Act at a price of $2.877 per share for gross proceeds of $3,114,700.62 . Finder's fees in relation to the Charity Flow-Through Offering has been paid in cash in an amount equal to 6 [...]
Canadian North Resources Inc. announces the closing of its non-brokered private placement of common shares on a flow-through basis pursuant to the Income Tax Act , of which 1,031,425 Flow-Through Shares were issued at a price of $2.70 per share for gross proceeds of $2,784,847.50 . Finder's fees in relation to the Flow-through Offering has been paid in cash in an amount equal to 6% of the gross proceeds of the [...]
Canadian North Resources Inc. ) is pleased to report the assay results for the 6,151 metres in 21 holes of diamond drilling completed during the spring at its 100% owned Ferguson Lake Project in Nunavut, Canada. The Ferguson Lake project contains base metals and platinum-group metals , as well as potentially lithium minerals, along a 15-km-long main mineralized horizon and numerous additional prospective areas [...]
Canadian North Resources Inc. ) is pleased to announce that Director and Chairman of the Company, Mr. Lee Shim purchased 100,000 shares of the Company's common stock in the open market at a price of $2.20 per share. Complete details are available at SEDI.ca. This investment further reinforces Mr. Shim's confidence in the Company's growth potential and commitment to its long-term success. About Canadian North Resources [...]
Canadian North Resources Inc. ) is pleased to announce that KRE Development Co. Ltd , the biggest shareholder of the Company has elected to exercise their warrants ahead of the scheduled expiration of December 31, 2023. KRE is an investment company registered in Ontario, Canada, owned by two Directors of the Company. KRE exercised 1,437,198 share purchase warrants for aggregate proceeds of $2,155,797 on June 30, 2023 [...]
Canadian North Resources Inc. ) is pleased to announce that the Company has been granted Depository Trust Company eligibility, a significant milestone that will enhance the accessibility and efficiency of the Company's shares for investors in the United States. The DTC eligibility allows the Company's common shares to be electronically cleared and settled through the Depository Trust Company, which simplifies the trading [...]