Canadian North Resources Inc. (TSX-V: CNRI) (OTCQX: CNRSF) (FSE: EO0) 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 process and broadens the Company’s investor base to entire North America. As a result, investors can now trade the Company’s shares seamlessly through their brokerage accounts, facilitating faster and more secure transactions.
This achievement of the DTC eligibility marks an important step forward for the Company, as it positions itself for enhanced liquidity, increased visibility, and improved accessibility in global financial markets. With the ease of electronic trading, the Company expects to attract a wider range of institutional and individual investors, further increasing its shareholder base.
“We are delighted that our Company has received DTC eligibility, which reflects our commitment to fostering a robust and investor-friendly environment,” said Dr. Kaihui Yang, President and CEO of the Company. “This achievement will not only streamline the trading process for our existing shareholders but also create opportunities for new investors in the United States to participate in our growth story. We believe that this enhanced market access will contribute to the long-term success of our Company.”
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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