🚀Canadian North Resources Inc. OTCQX : $CNRSF | WE THINK WILL OUTPERFORM IN 2025
HERE’S WHY:
➬ Bioleaching Breakthrough: Achieved 96.1–98.5% nickel and 96.1–97.7% cobalt extraction rates with bioleaching, far exceeding traditional flotation. This eco-friendly technology boosts resource value and lowers costs.
➬ Resource Development: Completed a LiDAR survey, environmental fieldwork, metallurgical tests, and geophysical modeling, supporting resource expansion and mine development at Ferguson Lake.
➬ Community Support and Grants: Strengthened local ties and secured government grants (DIG and CESP) for exploration and engagement, reinforcing sustainable practices.
➬ Financial Position: Ended Q3 2024 with CAD 2.86M in cash and continued funding through grants to advance key initiatives.
Leadership Highlights:
• Dr. Kaihui Yang, PhD – President & CEO: Over 30 years of experience in geology and project development, with leadership at Zijin Mining and expertise in battery metals.
$CNRSF received a $98,875 grant from Nunavut's Community Engagement Support Program for its Ferguson Lake exploration project. The funds will support community visits, focus groups, and outreach. CEO Dr. Kaihui Yang emphasized the importance of strong community relationships.
$CNRSF is advancing its Ferguson Lake project, targeting copper, nickel, and cobalt. With 40,000 meters of drilling expanding resources by 172% and another 25,000 meters planned, CNR aims to exceed 100 million tons. Backed by the Inu community and nearly $50 million raised, the company is moving towards a bankable economic study for future production.
$CNRSF, reports positive flotation bench test results for Ferguson Lake Project samples in Nunavut, Canada. Dr. Trevor Boyd emphasizes economic potential with low capital cost mine development option.
$CNRSF initiates share buyback program, reflecting confidence in company's value. Aim to repurchase 5% of outstanding shares by April 2025. Highlights board's belief in CNRI's future and commitment to investor returns.
$CNRSF achieved key milestones for the Ferguson Lake Project, including successful fundraising and extensive exploration programs. CEO Dr. Kaihui Yang emphasized its status as a top undeveloped critical mineral project in North America.
$CNRSF, initiates a Normal Course Issuer Bid from April 10, 2024, to April 9, 2025, or until completion. The company aims to repurchase shares, deeming current market prices undervalued compared to their intrinsic worth.
$CNRSF, eyes Ferguson Lake's vast copper reserves amid electric vehicle demand. With over 635 million tons and a $15,000 per ton target price, CNRI aims for further upgrades, offering a strong long-term investment amidst market shifts.
$CNRSF joins Vancouver Resource Investment Conference (VRIC) on Jan 21-22, 2024. Explore mining opportunities and visit CNRI at booth 532 to discover the Ferguson Lake Project.
$CNRSF wraps up warrant redemption, raising $9.2M. No outstanding warrants remain. Strong shareholder support signals confidence in the company's strategy, especially regarding the Ferguson Lake project.
