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Canadian North Resources Inc. is an exploration and development company that focuses on critical metals for clean-energy, electric vehicles, battery, and high-tech industries. The corporation is advancing its 100% owned Ferguson Lake project in Nunavut, Canada, which contains nickel, copper, cobalt, palladium, and platinum deposits. Canadian North Resources recently closed a non-brokered private placement of Flow-Through Shares and is proceeding with another private placement of Charity Flow-Through Shares. The proceeds from these offerings will fund exploration activities on the Ferguson Lake project, targeting critical minerals. The company's efforts align with the federal 30% Critical Metals Exploration Tax Credit, supporting its goal of contributing to the growing demand for metals in key industries.
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Canadian North Resources Inc. (CNRSF) to participate in PDAC Convention, showcasing Ferguson Lake project. CEO Dr. Kaihui Yang to present at CPFI Nickel and PGM session.
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Canadian North Resources Inc. (CNRSF) is set to participate in the Vancouver Resource Investment Conference, a major event in the Canadian mining industry. The event will feature over 300 investment opportunities and is expected to draw over 5,000 mining investors. CNRI will be present at booth 532, offering a chance for attendees to learn more about the company.
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Canadian North Resources Inc. has successfully closed its non-brokered private placements of Flow-Through Shares and Charity Flow-Through Shares.
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Canadian North Resources Inc. extends the closing of its second tranche of private placement for Charity Flow-Through Offering. Finder's fees will be paid at 6% of gross proceeds. The proceeds will fund exploration activities and will be eligible for the federal 30% Critical Metals Exploration Tax Credit.
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Canadian North Resources Inc. announces the closing of its non-brokered private placement of Flow-Through Shares at a price of $2.70 per share, raising $2,784,847.50. They also plan to proceed with a non-brokered private placement of Charity Flow-Through Shares at a price of $2.877 per share, with gross proceeds of up to $5,272,450.62. The funds will be used for exploration activities on the Ferguson Lake project in Nunavut and are eligible for the federal 30% Critical Metals Exploration Tax Credit.
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FAQ
What is the current stock price of CANADIAN NORTH RES (CNRSF)?
The current stock price of CANADIAN NORTH RES (CNRSF) is $0.8324 as of June 26, 2024.
What is the market cap of CANADIAN NORTH RES (CNRSF)?
The market cap of CANADIAN NORTH RES (CNRSF) is approximately 95.3M.
What does Canadian North Resources Inc. focus on?
Canadian North Resources Inc. focuses on critical metals for clean-energy, electric vehicles, battery, and high-tech industries.
What is the Ferguson Lake project?
The Ferguson Lake project is a 100% owned project in Nunavut, Canada, containing nickel, copper, cobalt, palladium, and platinum deposits.
What recent private placements has the company closed?
Canadian North Resources Inc. recently closed a non-brokered private placement of Flow-Through Shares and is proceeding with another private placement of Charity Flow-Through Shares.
How are the proceeds from the private placements being used?
The proceeds from the private placements will fund exploration activities on the Ferguson Lake project, targeting critical minerals for clean-energy industries.
What is the federal 30% Critical Metals Exploration Tax Credit?
The federal 30% Critical Metals Exploration Tax Credit supports Canadian North Resources Inc.'s goal of contributing to the growing demand for critical metals in key industries.
What is the forward-looking information stated in the news release?
The forward-looking information in the news release relates to future events or the company's future performance, particularly regarding the use of proceeds from the private placements.
What risks and uncertainties are associated with the forward-looking information?
The forward-looking information may be subject to certain risks and uncertainties and based on assumptions that could affect the actual results compared to the anticipated outcomes.
How does Canadian North Resources Inc. plan to use the proceeds from the Charity Flow-Through Offering?
The gross proceeds from the Charity Flow-Through Offering will fund exploration activities targeting critical minerals on the Ferguson Lake project and will be eligible for the federal 30% Critical Metals Exploration Tax Credit.
Who can be contacted for further information about Canadian North Resources Inc.?
For further information, contact Dr. Kaihui Yang, the President and CEO, at Phone: 905-696-8288 (Canada) 1-888-688-8809 (Toll-Free) or via Email: info@cnresources.com.
What is Canadian North Resources Inc.'s current focus in terms of exploration activities?
Canadian North Resources Inc. is currently focusing its exploration activities on targeting critical minerals for clean-energy industries on the Ferguson Lake project in Nunavut, Canada.
CANADIAN NORTH RES INC
OTC:CNRSF
CNRSF Rankings
CNRSF Stock Data
95.33M
39.80M
73.32%
Other Industrial Metals & Mining
Basic Materials
United States of America
Mississauga