Canadian North Resources Inc.
Canadian North Resources Inc.
(CNRI) is a Canadian mining company at late-stage exploration and development of a mining property, the Ferguson Lake Project, in the Kivalliq Region of Nunavut, Canada. The Company owns 100% of the Ferguson Lake Project that has abundant base metals (nickel-copper-cobalt) and platinum-group metals (palladium, platinum, and rhodium) mineral resources.
Ferguson Lake Project has substantial indicated/inferred mineral resources
SUBSTANTIAL RESOURCES
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Over 92 million tonnes containing substantial resources of copper (1,650 million pounds, Mlb), nickel (1,011, Mlb), cobalt (118.91 Mlb), palladium (3.53 million ounces, Moz), and platinum (0.63 Moz)
FULLY SERVICEABLE
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The project site includes a 825 meter long by 30 meter wide airstrip, 55 person all-year camp, and infrastructure with operational field/ heavy equipment
$190M INVESTED
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Over $190 million being spent on ground with >225,000 meters diamond drilling in >750 holes
INVESTMENT HIGHLIGHTS
Over 92 million tonnes (indicated & inferred) containing substantial resources of copper (1,650 million pounds, Mlb), nickel (1,011, Mlb), cobalt (118.91 Mlb), palladium (3.53 million ounces, Moz), and platinum (0.63 Moz)
Over a $190M invested in exploration, metallurgy and infrastructure consisting of a 825m gravel airstrip, a 55 person all-year camp, a satellite network and onsite operational field/ heavy equipment.
The Ferguson Lake Project boasts substantial high-grade mineral resources with remarkable expansion potential, situated in Canada, a geopolitically stable region known for its stringent environmental standards positioning CNRI perfectly to cater to the escalating demand for critical minerals as the world shifts towards clean energy and carbon neutrality.
Proud recipients of the local DIG grant for two consecutive years, CNRI stands dedicated to exploring and advancing its project in the emerging mining region of Nunavut while ensuring active involvement and respect for local indigenous communities and stakeholders at every stage and fostering economic growth within the community.
CNRI successfully completed 18,144 meters of drilling in 2022, and surpassed its 20,000-meter drilling objective for 2023 drilling 21,126 meters. Leveraging the invaluable insights from these drilling efforts, they are advancing and refining their 43-101 technical resource report—a pivotal stride towards achieving its milestone of completing a pre-feasibility in 2024.
High–grade and Large Critical Mineral Resources in Canada
Canadian North Resources has over 92 million tonnes containing substantial resources and is working to 100 million tonnes (inferred and indicated). Making it a world class asset.
The Ferguson Lake Project has had over $190M invested in infrastructure, exploration, and metallurgy.
The Ferguson Lake Project boasts substantial high-grade “green” mineral resources with remarkable expansion potential, situated in Canada, a geopolitically stable region known for its stringent environmental standards.
Canadian North Resources has the potential to meet the escalating demand for critical minerals as the world shifts towards clean energy and carbon neutrality.
Source: * “Independent Technical Report, Updated Resource Estimate, Ferguson Lake Project, Nunavut, Canada” filed by Canadian North Resources to Sedar.com on July 13, 2022
Our Vision
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Video – Mission Statement
Video – ESG
Our vision is to create shareholder value through the resource expansion and development of the large base metals (“BM”) and platinum-group (“PGM”) mineral resources at Ferguson Lake. Plans are to increasethe high-grade resources by diamond drilling prospective high-grade BM massive sulfides and high-grade PGM targets, to expand metallurgical testing, to upudate technical reporting, and to advance preliminary economic assessment (“PEA”) and feasibility studies.
