Major Drilling Announces Normal Course Issuer Bid

Core Viewpoint - Major Drilling Group International Inc. has announced a normal course issuer bid (NCIB Program) to repurchase up to 4,097,159 common shares, approximately 5% of its outstanding shares, over a 12-month period starting October 21, 2025 [1][2]. Group 1: NCIB Program Details - The NCIB Program allows Major Drilling to purchase shares on the Toronto Stock Exchange (TSX) at prevailing market prices, with a daily limit of 34,457 shares, which is 25% of the average daily trading volume for the previous six months [2][3]. - The total number of common shares outstanding as of October 14, 2025, is 81,943,186 [1]. - Shares repurchased under the NCIB Program will be cancelled, which is expected to enhance the value for remaining shareholders [2]. Group 2: Automatic Share Purchase Plan (ASPP) - Major Drilling will implement an automatic share purchase plan (ASPP) to facilitate share repurchases during regulatory restrictions or blackout periods [3][4]. - The designated broker will make purchases based on parameters set by the company prior to entering a blackout period [4]. Group 3: Company Overview - Major Drilling is the largest provider of specialized drilling services in the mining sector, with operations across North America, South America, Australia, Asia, Africa, and Europe [6]. - Established in 1980, the company has built a reputation for handling complex drilling projects and is supported by a skilled workforce and experienced management team [6][7].