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CNRSF
Canadian North Resources Inc.

Ordinary Shares

0.515

0.00

0.00%

0.53 / 0.7597 (1000 x 2000)

Real-Time Best Bid & Ask: 05:00pm 07/21/2025
Delayed (15 Min) Trade Data: 12:00am 07/03/2025
Canadian North Resources Inc. Company Logo

299 Courtneypark Drive East

Mississauga, ON L5T 2T6

Canada

Principal Executive Offices:

299 Courtneypark Drive East

Mississauga, ONT L5T 2T6

Canada

Business Description
Canadian North Resources Inc. (CNRI) is a Canadian mining company at late-stage exploration and development of the Ferguson Lake Project, in the Kivalliq Region of Nunavut, Canada.
Financial Reporting
Reporting Status
International Reporting: TSX Venture Exchange
Audited Financials
Audited
Fiscal Year End
12/31
Company Officers & Contacts
Kaihui Yang
President, CEO

Carmelo Marrelli
CFO

Mr. Marrelli brings more than 20 years of financial reporting experience and brings significant experience and support to the Company. Mr. Marrelli is a Chartered Professional Accountant (CPA, CA, CGA), and a member of the Institute of Chartered Secretaries and Administrators, a professional body that certifies corporate secretaries. He received a Bachelor of Commerce degree from the University of Toronto. Mr. Marrelli is the principal of the Marrelli Group, an organization which has provided accounting, corporate secretarial and regulatory compliance services to listed companies on various exchanges for over twenty years. Mr. Marrelli acts as the Chief Financial Officer to several other issuers listed on the TSX, TSX-V and CSE, as well as non-listed companies, and serves as a director of certain issuers.

John G. Spiteri
Corporate Secretary

Hugh Ferreira
Consultant

Yunfeng Ma
Treasurer

Board of Directors
Lee Q. Shim
Chairman, Audit Committee Member, Compensation Committee Member, Nominating Committee Member

Henderson Tse
Audit Committee Member

Aier Wang
Independent Director, Compensation Committee Member, Nominating Committee Member

Michael Weeks
Independent Director, Audit Committee Member, Compensation Committee Member, Nominating Committee Member

Kaihui Yang
Compensation Committee Member, Nominating Committee Member

Other Company Insiders
Lee Shim
The Lee Quan Shim Family Trust
Lee Shim
KRE Developments Co Ltd.
Aier Wang
KRE Developments Co Ltd.
Kaihui Yang
1560240 Ontario Ltd.
Other Company Insiders are all persons or entities beneficially owning 10% or more of any class of the issuer's securities. Together, officers, directors and other company insiders comprise Company Insiders.
Service Providers
Accounting/Auditing Firm
MNP LLP

1500, 640 - 5th Avenue SW

Calgary, AB T2P 3G4

Canada

Securities Counsel
McManus Law

734 7 Avenue SW

Suite 810

Calgary, AB T2P 3P8

Canada

Profile Data
SIC - Industry Classification
Not Available
Incorporation Information
ON, CA, 2013
Employees
10 as of 04/19/2022
Shell
No
Products and Services

Canadian North Resources Inc. (CNRI) is a Canadian mining exploration and development company that owns 100% interest of the Ferguson Lake mining property in the Kivalliq Region of Nunavut, Canada. The property holds major base metals (“BM”; nickel, copper, and cobalt) and platinum group metals (“PGM”; palladium, platinum, and rhodium) mineral deposits held in 10 mining leases (96.9 square kilometres) and surrounding exploration claims (156.9 square kilometres), a total area of 253.8 square kilometers.. The mandate of CNRI is to create shareholder value from the advancement of its Ferguson Lake Project, a significant potential BM and PGM producer. The Ferguson Lake Project holds over 71 million tonnes containing substantial resources of copper (1,402 million pounds, Mlb), nickel (872, Mlb), cobalt (99.9 Mlb), palladium (3.20 million ounces, Moz), and platinum (0.56 Moz). These estimates are for the West Zone and the West Extension Zone that are less than 6 kilometres in length along a 15 kilometre mineralized belt. There are multiple target zones for massive sulphides and distinct low-sulfide zones for PGM mineralization.

Company Facilities

The Ferguson Lake area covers an extension of the Yathkyed Greenstone Belt. The belt is a strongly deformed, gneissic suite of Archean supracrustal and intrusive rocks, and variably deformed Proterozoic plutons and dykes. The Archean gneissic rocks are intruded by Archean granodiorites, quartz monzonites, and a variety of mafic intrusions including diorites and gabbros. The oldest rocks in the southern and northeastern parts of the Ferguson Lake Project property are fine- to medium-grained amphibolites. These are the metamorphic products of original mafic and intermediate volcanic rocks of Archean age (2.5 to 4 billion years ago, Gya).

Company Notes
Sponsored for OTCQX by Securities Law USA, PLLC on 05/10/2023!
OTCQX Best Market Logo
Joined OTCQX 05/2023
The Company Profile data was verified by the issuer within the previous 6 months.
This security is not a Penny Stock as defined in SEC Rule 240.3a51-1.
This company has certified to OTC Markets Group that it is eligible to rely on the exemption from registration under Securities and Exchange Act Rule 12g3-2(b).
The company’s transfer agent has verified its outstanding shares directly to OTC Markets.
The Company’s board of directors includes at least two Independent Directors.
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