In This Article:
TORONTO, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Canadian North Resources Inc. (“Canadian North” or the “Company”) (TSXV: CNRI; OTCQX: CNRSF; FSE: EO0 (E-O-zero)) is pleased to announce the appointment of Henderson Tse, CPA, CA, LPA, to its Board of Directors. With over decades of experience in public accounting, corporate finance, and tax consulting, Mr. Tse will bring valuable expertise to CNRI’s leadership team.
Henderson Tse holds a Bachelor of Business Administration, Honours degree and became a Chartered Accountant in 1983 and started his professional career as a sole practitioner in 1985. He further advanced his credentials by becoming a Chartered Professional Accountant and Licensed Public Accountant in 2012. As the founder of Henderson Tse CPA Professional Corporation in 2019, he leads a team of financial professionals, offering services in audits, tax planning, business consulting, and corporate reorganizations.
Mr. Tse has actively contributed to the community through leadership roles in various organizations, including business associations, trust funds, and condominium corporations. His extensive background in corporate restructuring, family trust strategies, and investment structures will support CNRI’s strategic growth and governance initiatives and provide invaluable insights into enhancing shareholder value.
About Canadian North Resources
Canadian North Resources Inc. is an exploration and development company focusing on the 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 km2) and surrounding exploration claims (156.9 km2) in the Kivalliq Region of Nunavut, Canada.
The Ferguson Lake mining property contains a substantial National Instrument 43-101 compliant Mineral Resource Estimate announced on March 19 2024, which include Indicated Mineral Resources of 66.1 million tonnes (Mt) containing 1,093 million pounds (Mlb) copper at 0.75%, 678Mlb nickel at 0.47%, 79.3Mlb cobalt at 0.05%, 2.34 million ounces (Moz) palladium at 1.10gpt and 0.419Moz platinum at 0.19gpt; and Inferred Mineral Resources of 25.9Mt containing 558Mlb copper at 0.98%, 333Mlb nickel at 0.58%, 39.6Mlb cobalt at 0.07%, 1.192Moz palladium at 1.43gpt and 0.205Moz platinum at 0.25gpt. In particular, 80% of the Indicated Mineral Resources is Open Pit with 52.7Mt at 0.65% Cu, 0.43% Ni, 0.05% Co, 0.97gpt Pd and 0.17gpt Pt, which provides a solid Mineral Resource base for the initial development of a potential large mine. The Mineral Resource model indicates significant potential for resource expansion along strike and at depth over the 15 km long mineralized belt and a number of undefined mineralization zones and prospective areas. (Refer to “Independent Technical Report on the Mineral Resource Estimate for the Ferguson Lake Project, Nunavut, Canada (“the Technical Report”)”, prepared by SRK Consulting and Ronacher McKenzie Geoscience Inc., effective March 19, 2024, filed by the Company to the System for Electronic Document Analysis and Retrieval (“SEDAR+”) through the Internet at https://www.sedarplus.ca/landingpage/ on May 3, 2024. The Technical Report has also been posted on the Company’s website at www.cnresources.com.)