Canadian North Resources Receives DTC Eligibility, Unlocking New Opportunities for Investors
Canadian North Resources Receives DTC Eligibility, Unlocking
New Opportunities for Investors
Toronto, Ontario, June 26, 2023 – Canadian North Resources Inc. ("the Company,”) (TSXV: CNRI; OTCQX:
CNRSF; FSE: EO0 (E-O-zero)) is pleased to announce that the Company has been granted Depository Trust
Company (DTC) 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 km 2) and surrounding exploration claims (156.9 km 2) 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 (Mlb)
copper at 0.85%, 321Mlb nickel at 0.60%, 37.5Mlb cobalt at 0.07%, 1.08 million ounces (Moz) palladium
at 1.38gpt and 0.18M oz 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 Geoscien ce 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.
Dr. Kaihui Yang, President and CEO
Phone: 905-696-8288 (Canada) 1-888-688-8809 (Toll-Free)
Email: [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this news release, including statements which may contain words such as
“expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, or similar expressions, and statements
related to matters which are not historical facts, are forward-looking information within the meaning of
applicable securities laws. Such forward-looking statements, which reflect management’s expectations
regarding the Company’s future growth, results of operations, performance, business prospect s and
opportunities, are based on certain factors and assumptions and involve known and unknown risks and
uncertainties which may cause the actual results, performance, or achievements to be materially different
from future results, performance, or achieve ments expressed or implied by such forward -looking
statements.
These factors should be considered carefully, and readers should not place undue reliance on the
Company’s forward-looking statements. The Company believes that the expectations reflected in t he
forward-looking statements contained in this news release and the documents incorporated by reference
herein are reasonable, but no assurance can be given that these expectations will prove to be correct. In
addition, although the Company has attempted to identify important factors that could cause actual
actions, events or results to differ materially from those described in forward looking statements, there may
be other factors that cause actions, events or results not to be as anticipated, estimated or intended. The
Company undertakes no obligation to release publicly any future revisions to forward-looking statements
to reflect events or circumstances after the date of this news or to reflect the occurrence of unanticipated
events, except as expressly required by law.