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Canadian North Resources Inc. Reports Over $9M in Warrant Proceeds

Canadian North Resources Inc. (TSXV: CNRI; OTCQX: CNRSF; FSE: EO0) has successfully completed the redemption of its outstanding Warrants, totaling proceeds of $9,186,597. Between January 1, 2023, and December 29, 2023, shareholders exercised 6,124,398 Warrants at $1.50 each.

With these exercises, the Company now reports zero outstanding Warrants. Insiders showed their commitment by exercising 2,874,394 Warrants, contributing $4,311,591 to the aggregate proceeds.

Support for Canadian North Resources Strategy

Sophy Cesar, Head of Corporate Development, expressed gratitude to the shareholders for displaying strong confidence in the Company’s strategic direction. Particularly in establishing the Ferguson Lake project as a leading deposit.

Ferguson Lake Project Poised for Advancement

Canadian North Resources Inc. is spearheading the Ferguson Lake nickel, copper, cobalt, palladium, and platinum project in Nunavut, measuring 253.8 km2. The project boasts NI43-101 compliant Indicated Mineral Resources, with a significant potential for expansion evident in the mineralized belt spanning 15 km.

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