Canadian North Resources Inc. ("the Company,"
TSXV: CNRI; OTCQX: CNRSF; FSE: EO0 (E-O-zero)) is pleased to
announce that the Company has qualified to trade on the OTCQX® Best
Market and begins trading on OTCQX under the symbol “CNRSF”. U.S.
investors can find current financial disclosure and Real-Time Level
2 quotes for the Company on www.otcmarkets.com.
Qualification for OTCQX requires the Company to
meet high financial standards, follow best practice corporate
governance and demonstrate compliance with applicable securities
laws. The acceptance by OTCQX is a significant milestone for the
Company, as it opens the opportunity for investment by
institutional and retail investors in US, while increasing
potential trading liquidity and market awareness for the
company.
"We are excited to begin trading on the OTCQX
Market, as it provides us with a platform to enhance our visibility
and liquidity among U.S. investors," said Dr. Kaihui Yang,
President and CEO of the Company. "This marks an important step
forward for the Company as we continue to expand our reach and
engage with investors in North America."
“The Company continues to focus on the
exploration and development of critical minerals for the
clean-energy, electric vehicles, battery and high-tech industries.”
Dr. Yang added. “We are currently expanding the mineral resources
of critical metals from the current resource model for our Ferguson
Lake nickel, copper, cobalt, palladium and platinum Project (Refer
to “Independent Technical Report, Updated Mineral Resource
Estimate, Ferguson Lake Project, Nunavut, Canada, Prepared by
Ronacher McKenzie Geoscience Inc. and Francis Minerals Ltd ” filed
by the Company to Sedar.com on July 13, 2022), and the Company has
planned a lithium-specific exploration program on the pegmatites
over the Ferguson Lake property.”
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About Canadian North
Resources
Canadian North Resources Inc. is an exploration
and development company focusing on the critical metals for the
clean-energy, electric vehicles, battery and high-tech industries.
The company is advancing its 100% owned Ferguson Lake nickel,
copper, cobalt, palladium, and platinum project that covers an area
of 253.8 km2 of mining leases (96.9 km2) and surrounding
exploration claims (156.9 km2) in the Kivalliq Region of Nunavut,
Canada.
The Ferguson Lake mining property contains
substantial resources in compliance with NI43-101 standards, which
include Indicated Mineral Resources of 24.3 million tonnes
containing 455 million pounds (Mlb) copper at 0.85%, 321Mlb nickel
at 0.60%, 37.5Mlb cobalt at 0.07%, 1.08 million ounces (Moz)
palladium at 1.38gpt and 0.18Moz platinum at 0.23gpt; Inferred
Mineral Resources of 47.2 million tonnes containing 947Mlb copper
at 0.91%, 551.5Mlb nickel at 0.53%, 62.4Mlb cobalt at 0.06%,
2.12Moz palladium at 1.4gpt and 0.38Moz platinum at
0.25gpt. The resource model indicates significant
potential for resource expansion along strike and at depth over the
15 km long mineralized belt. (Refer to “Independent Technical
Report, Updated Mineral Resource Estimate, Ferguson Lake Project,
Nunavut, Canada, Prepared by Ronacher McKenzie Geoscience Inc. and
Francis Minerals Ltd ” filed by the Company to Sedar.com on July
13, 2022). In addition, the Company has identified the pegmatites
with lithium potential at the Ferguson Lake project.
Dr. Kaihui Yang, President and CEO
Phone: 905-696-8288 (Canada) 1-888-688-8809
(Toll-Free)
Email: info@cnresources.com
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking
Statements
Certain statements contained in this news
release, including statements which may contain words such as
“expects”, “anticipates”, “intends”, “plans”, “believes”,
“estimates”, or similar expressions, and statements related to
matters which are not historical facts, are forward-looking
information within the meaning of applicable securities laws. Such
forward-looking statements, which reflect management’s expectations
regarding the Company’s future growth, results of operations,
performance, business prospects and opportunities, are based on
certain factors and assumptions and involve known and unknown risks
and uncertainties which may cause the actual results, performance,
or achievements to be materially different from future results,
performance, or achievements expressed or implied by such
forward-looking statements.
These factors should be considered carefully,
and readers should not place undue reliance on the Company’s
forward-looking statements. The Company believes that the
expectations reflected in the forward-looking statements contained
in this news release and the documents incorporated by reference
herein are reasonable, but no assurance can be given that these
expectations will prove to be correct. In addition, although the
Company has attempted to identify important factors that could
cause actual actions, events or results to differ materially from
those described in forward looking statements, there may be other
factors that cause actions, events or results not to be as
anticipated, estimated or intended. The Company undertakes no
obligation to release publicly any future revisions to
forward-looking statements to reflect events or circumstances after
the date of this news or to reflect the occurrence of unanticipated
events, except as expressly required by law.
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