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Toronto, Ontario--(Newsfile Corp. - February 24, 2025) - Canadian North Resources Inc. (TSXV: CNRI) (OTCQX: CNRSF) (FSE: EO0) ("Canadian North", "CNRI" or the "Company") invites shareholders and investors to visit our booth, #3031, at the Prospectors & Developers Association of Canada ("PDAC") Convention in Toronto, Sunday, March 2 to Wednesday, March 4, 2025. PDAC is one of the world's premier mineral exploration and mining events and is held at the Metro Toronto Convention Centre.
The Company will present technical advancements including the initial results of applying the low-carbon footprint, eco-friendly bioleaching technology for the Ferguson Lake copper, nickel, cobalt, palladium and platium project in Canada (the "Ferguson Lake project"). The tests completed for the massive sulfides samples and rougher sulfide tails indicate 96-98% extraction of nickel and cobalt (Refer to the Company's Press Release dated on October 21, 2024). The Company will also display the drill cores of massive sulfides from the recently drilled holes at the Ferguson Lake project.
"We welcome the opportunity to participate in PDAC again this year," stated Dr. Kaihui Yang, President and CEO of the Company. "This is an exciting time for Canadian North Resources as our pioneering bioleaching initiatives are yielding promising results for the development of the Ferguson Lake project. Our initial tests indicate highly efficient metal extraction, with the potential to simplify mineral processing by bypassing traditional smelting and refining. This innovative approach not only reduces capital and operating costs but also reinforces our commitment to sustainable, low-carbon mining practices. We look forward to engaging with shareholders and industry leaders at this world-class event."
About Canadian North Resources
Canadian North Resources Inc. is an exploration and development company focusing on the 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 a substantial National Instrument 43-101 compliant Mineral Resource Estimate announced on March 19 2024, which include Indicated Mineral Resources of 66.1 million tonnes (Mt) containing 1,093 million pounds (Mlb) copper at 0.75%, 678Mlb nickel at 0.47%, 79.3Mlb cobalt at 0.05%, 2.34 million ounces (Moz) palladium at 1.10gpt and 0.419Moz platinum at 0.19gpt; and Inferred Mineral Resources of 25.9Mt containing 558Mlb copper at 0.98%, 333Mlb nickel at 0.58%, 39.6Mlb cobalt at 0.07%, 1.192Moz palladium at 1.43gpt and 0.205Moz platinum at 0.25gpt. In particular, 80% of the Indicated Mineral Resources is Open Pit with 52.7Mt at 0.65% copper, 0.43% nickel, 0.05% cobalt, 0.97gpt palladium and 0.17gpt platiunum, which provides a solid Mineral Resource base for the initial development of a potential large mine. The Mineral Resource model indicates significant potential for resource expansion along strike and at depth over the 15 km long mineralized belt and a number of undefined mineralization zones and prospective areas. (Refer to "Independent Technical Report on the Mineral Resource Estimate for the Ferguson Lake Project, Nunavut, Canada ("the Technical Report")", prepared by SRK Consulting and Ronacher McKenzie Geoscience Inc., effective March 19, 2024, filed by the Company to the System for Electronic Document Analysis and Retrieval ("SEDAR+") through the Internet at https://www.sedarplus.ca/landingpage/ on May 3, 2024. The Technical Report has also been posted on the Company's website at www.cnresources.com.)