Canadian North Resources Announces Results of 2025 Annual and Special Meeting of Shareholders
Canadian North Resources Announces Results of 2025 Annual and Special
Meeting of Shareholders
TORONTO, June 21, 2025 -- Canadian North Resources Inc. (“CNRI” or “the Company,” TSXV: CNRI; OTCQX: CNRSF;
FSE: EO0 (E-O-zero) is pleased to announce the voting results of its Annual and Special Meeting of Shareholders held on
June 19, 2025, in Mississauga, Ontario.
A total of 73,621,572 common shares were voted at the Meeting, representing approximately 64.4% of the Company’s issued
and outstanding common shares (114,325,317).
Election of Directors
Shareholders approved the re-election of all five nominees to the Board of Directors. The directors elected to hold office until
the next annual meeting of shareholders or until their successors are duly elected or appointed are:
Nominee % For % Withheld
Lee Q. Shim 99.99% 0.00%
Kaihui Yang 99.99% 0.00%
Aier Wang 99.99% 0.00%
Henderson Tse 99.99% 0.00%
Michael Weeks 99.99% 0.00%
Appointment of Auditors
Shareholders approved the reappointment of **MNP LLP**, Chartered Professional Accountants, as the Company’s auditor for
the ensuing year and authorized the Board to fix the auditor's remuneration.
Auditor % For % Withheld
MNP LLP 100% 0.00%
Stock Option Plan
Shareholders also ratified and approved the Company’s 10% rolling **Stock Option Plan**, pursuant to which the Board of
Directors may allocate options to directors, officers, employees, consultants, and other service providers of the Company.
Resolution % For % Withheld
Approval of Stock Option Plan 99.99% 0.00%
Dr. Kaihui Yang, President and Chief Executive Officer, commented, “We are pleased with the outcome of this year’s meeting
and the continued support from our shareholders. With strong participation, we remain focused on executing our strategic
objectives and delivering long-term value.”
Additional information regarding the matters approved at the meeting is available in the Company’s Management Information
Circular dated May 23, 2025, filed on SEDAR+ (www.sedarplus.ca).
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED
IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
About Canadian North Resources Inc.
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 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 platinum, 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 SEDAR at http://www.sedar+.com on May 3, 2024. The Technical
Report has also been posted on the Company’s website at www.cnresources.com.)
Qualified Person:
Dr. Trevor Boyd, P.Geo. and Technical Advisor for Canadian North Resources, a qualified person as defined by Canadian
National Instrument 43-101 standards has reviewed the technical content of this news release and has approved its
dissemination.
Further information please visit the website at www.cnresources.com,
or contact:
Dr. Kaihui Yang, President and CEO
Phone: 905-696-8288 (Canada)
1-888-688-8809 (Toll-Free)
Email: [email protected]