Canadian North Resources Inc. (TSX-V: CNRI) (OTCQX: CNRSF) (FSE: EO0) 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 copper at 0.85%, 321Mlb nickel at 0.60%, 37.5Mlb cobalt at 0.07%, 1.08 million ounces 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.
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