.eResearch | In this short video, Chris Thompson of eResearch talks about Initiating Coverage on CanadianNorth Resources Inc. (TSXV:CNRI | FSE:EO0).You can download our 61-page Equity Research Report that covers an in-depth analysis of the company and a detailed overview of its exploration projects in Nunavut, by clicking on the following link: eR-CdnNorthRes-CNRI-IR-2022-07-25_FINAL Canadian North Resources Inc. ("CNRI") is a Canadian-based mineral exploration and development company that explores for minerals in Nunavut, Canada. The Company has acquired a 100% interest in the Ferguson Lake Project, which comprises an area of 253.8 km 2 (over 62,715 acres). The project hosts a recently updated NI 43-101 mineral resource containing: an Indicated Mineral Resource of 455 million pounds (Mlb) copper (Cu) at 0.85%, 321 Mlb nickel (Ni) at 0.60%, 37.5 Mlb cobalt (Co) at 0.07%, 1.08 million ounces (Moz) palladium (Pd) at 1.38 grams per tonne (g/t), and 0.18 Moz platinum (Pt) at 0.23 g/t; and an Inferred MineralResource containing 947 Mlb Cu at 0.91%, 551.5 Mlb Ni at 0.53%, 62.4 Mlb Co at 0.06%, 2.12 Moz Pd at 1.4 g/t, and 0.38 Moz Pt at 0.25 g/t.Investment Thesis & Upcoming Catalysts:District-scale Project that is Rich in PGMs and Base MetalsCNRI's flagship Ferguson Lake Project is a district-scale project with the Company's 100% ownership of 8 km 2 (over 62,715 acres).The Company's main project contains both PGMs, including palladium, platinum, and rhodium, and Base Metals, including copper, nickel, and cobalt. These metals are broadly used in the clean energy and high-tech sectors globally.The project hosts a recently updated NI 43-101 mineral resource containing:Indicated Mineral Resource: 455 Mlb Cu at 0.85%, 321 Mlb Ni at 0.60%, 37.5 Mlb Co at 0.07%, 1.08 Moz Pd at 1.38 g/t, and 0.18 Moz Pt at 0.23 g/t.Inferred Mineral Resource: 947 Mlb Cu at 0.91%, 551.5 Mlb Ni at 0.53%, 62.4 Mlb Co at 0.06%, 2.12 Moz Pd at 1.4 g/t, and 0.38 Moz Pt at 0.25 g/t.High Growth and Value Creation OpportunityThe project is considered to have high growth potential for PGMs and Cu-Ni-Co resources.The existing West Zone ore body is open along strike and at depth.Only three zones were incorporated into the Updated NI 43-101 resource; seven mineralized zonescan be drilled for additional resources.There is the potential for new discoveries from existing surface sampling and recently acquired regional prospects.Solid Existing Infrastructure and Historical Activity Lowers Start-up ExpensesCNRI and prior owners have spent approximately $140 million in exploration and metallurgical tests on the Ferguson Lake Project since its discovery in the 1950s, which includes: 158,528m of drilling, a 55-person field camp, an airstrip, various geochemical and geophysical surveys, and metallurgical work.Strong Management TeamCNRI has an experienced team of professionals with a history of successful exploration and an engaged Board of Directors to advance the Ferguson Lake Project
