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Canadian North Resources Inc. Announces Market Awareness Program

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Canadian North Resources Inc. Announces Market Awareness Program

 

 

 

 

 

Canadian North Resources Inc. (TSX-V: CNRI) (OTCQX: CNRSF) (FSE: EO0) announces that the Company has engaged Outside The Box Capital Inc. to perform market awareness and marketing services for an initial term of six months. The nature of the services to be provided by OTB include, but are not limited to, marketing services to communicate to the financial community information about the Company.

 

In addition to a fee of $103,400, plus applicable taxes, the Company has granted OTB an option to purchase an aggregate total of 32,825 Common Shares of the Company at an exercise price of $3.15 per share, which option shall be for a period of a 12 months and shall vest and be exercisable in four equal tranches, quarterly over a twelve month period. Except for the foregoing option, OTB is not related to the Company and has no interest, directly or indirectly, in the Company or its securities.

 

OTB is a marketing services firm headquartered in Oakville, Ontario, Canada, that has been in business for 3 years.

 

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.

 

Posted October 19, 2023

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