Canadian North Resources, Inc. (TSE:CNRI) has released an update.
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Canadian North Resources Inc. announces its intention to initiate a Normal Course Issuer Bid, aiming to repurchase and cancel up to 5% of its outstanding Common Shares to correct the market price undervaluation. The buyback plan is set to run from April 10, 2024, to April 9, 2025, and is subject to regulatory approval. The company is also progressing its Ferguson Lake project, which boasts significant mineral resource estimates and potential for expansion.
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