20265 releases
Canadian North Resources Inc. Reports Operational and Financial Results for the Six Months Ended June 30, 2026
Financial results for the six months ended June 30, 2026 show cash and cash equivalents of $3,277 and a net loss of $165,134 ($0.00 per share) and comprehensive loss of $190,316 ($0.00 per share). The company plans further bio-metallurgical testing at the 100%-owned Ferguson Lake Ni-Cu-Co-PGE project in Nunavut, including bulk surface sample collection, exploration and definition drilling, and engineering and environmental studies. On August 26 it approved up to $2,000,000 of Series 1 Convertible Promissory Notes at 10% interest, maturing July 31, 2027, convertible at $0.25 per share; a director subscribed for $1,000,000 on August 27.
CorporateCANADIAN NORTH RESOURCES INC. (Listed on the TSX Venture Exchange – Stock Symbol “CNRI”) Announces Private Placement of Convertible Promissory Notes
A private placement of Series 1 Convertible Promissory Notes for up to an aggregate principal amount of $2,000,000 has been authorized, bearing interest at 10% per annum and repayable by July 31, 2027. The notes are convertible at $0.25 per common share, for up to 8,000,000 common shares, with proceeds going to working capital. A director is participating, making it a related party transaction; the company relies on the Section 5.7(1)(a) exemption under MI 61-101.
FinancingCanadian North Resources Inc. Announces Results of 2026 Annual General and Special Shareholders Meeting
Shareholders re-elected all five directors — Lee Q. Shim, Kaihui Yang, Aier Wang, Henderson Tse and Michael Weeks — each with 99.99% votes in favour, at the Annual and Special Meeting held June 25, 2026 in Mississauga, Ontario. A total of 62,506,011 common shares were voted, representing 54.68% of shares outstanding. MNP LLP was reappointed as auditors with 100% support, and the Company's Stock Option Plan was ratified with 99.89% in favour.
CorporateCanadian North Resources Inc. Reports Operational and Financial Results for the Year Ended December 31, 2025
Results for the year ended December 31, 2025 show cash and cash equivalents of $12,055 and a net loss of $711,866, or $0.01 per share. Work during the year focused on metal processing evaluation for the 100%-owned Ferguson Lake Ni-Cu-Co-PGE project in Nunavut, with a second set of lab-scale bioleaching tests on massive sulphides reporting extraction of 99% nickel, 98% cobalt and 90.6% copper at 52–65°C without added acid or external heat, and over 80% palladium and gold recovered from residues.
CorporateCanadian North Resources Inc. Announces Adoption of SemiAnnual Reporting
Semi-annual financial reporting has been adopted under Coordinated Blanket Order 51-933, which exempts eligible venture issuers with annual revenues under $10 million from filing first- and third-quarter statements. Canadian North Resources will not file interim financial statements or MD&A for the three months ended March 31, 2026 or the nine months ended September 30, 2026, or for subsequent March 31 and September 30 periods, subject to continued compliance. The fiscal year ends December 31.
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