Canadian North Resources Inc. Expands Metallurgical Programs Applying Low-carbon Footprint Bioleaching Technology on Ferguson Lake Ni-Cu-Co PGE project

In This Article:

Canadian North Resources Inc.
Canadian North Resources Inc.

Highlights:

  • Developing a mineral processing flowsheet with low-carbon footprint bio-leaching technology for the Ferguson Lake Ni-Cu-Co PGE project

  • Expanding metallurgical programs from initial bio-leaching tests indicate metal extraction of 97.8-98.9% nickel and 96.0-97.7% cobalt, to high recoveries of coper, nickel, cobalt and PGE metals.

  • Evaluation of multiple metal processing technologies to produce market-ready battery-grade nickel and cobalt compounds, copper and PGE metals from a low-cost, low-carbon footprint green mine.

TORONTO, March 03, 2025 (GLOBE NEWSWIRE) -- Canadian North Resources Inc. (“Canadian North” or the “Company”) (TSXV: CNRI; OTCQX: CNRSF; FSE: EO0 (E-O-zero)) is pleased to report the start of a new and extensive metallurgical program following the successful technical evaluation of bioleaching technology for the Ferguson Lake copper, nickel, cobalt, palladium and platinum project (“the Ferguson Lake Project”).

“Highly encouraged by the exceptional results of the bio-leaching tests completed in 2024,” said Dr. Kaihui Yang, President and CEO of the Company, “We are expanding the bio-leaching tests to develop a mineral processing flowsheet for the high recovery of nickel, cobalt, copper and PGE. When proven, this flowsheet will simplify mineral processing, bypassing smelting and metal refining, and it will substantially reduce the capital expenditures needed for mine development, energy consumption, and operating cost for production. We believe that bio-leaching is a promising technology for developing a low-cost, low-carbon footprint green mine at the Ferguson Lake project.”

Previous results from bio-leaching amenability tests held during summer and fall 2024 indicate that both the massive sulphides and the rougher sulphide tail are amenable to bio-leaching with very high extraction rates for nickel (97.8-98.9%) and cobalt (96.0-97.7%) (Table 1) plus encouraging initial extractions of Cu of 73.6 -75.4% from massive sulphides. It is believed that the Cu extraction rate can be significantly improved with additional testing. (Refer to the Company’s Press Release dated on October 21, 2024)

Tested Samples

Head Assay Results

Bioleaching Metal Extraction

Ni (%)

Co (%)

Ni (%)

Co (%)

Massive Sulphides

0.950

0.102

98.5

97.7

Rougher sulphide tail

0.733

0.056

97.6

96.9

Table 1: Initial bio-leaching test results for the two samples from the Ferguson Lake project

The Company has chosen to continue working with its scientific partner, RPC at its laboratory in Fredericton, New Brunswick, to further advance and evaluate various applications of bio-leaching technology for the Ferguson Lake project since early May 2024. The new bio-leaching tests will be carried out on a 100kg massive sulphide sample collected from outcrop in the Central Zone. For these tests RPC uses indigenous bacteria cultivated from the massive sulphide out collected at surface of outcrop and in water samples. The new bio-leaching program consists of a two-phased approach over the course of 2025 with the goal of achieving multiple milestones.