Major Drilling Announces Normal Course Issuer Bid

Core Points - Major Drilling Group International Inc. 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] - The repurchases will be conducted 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 company believes that the market price may not reflect its underlying value, and repurchasing shares will benefit remaining shareholders [2][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][7] - Established in 1980, the company has developed a strong reputation for handling complex drilling projects and is supported by a skilled workforce and experienced management team [6][7] - The company offers a wide range of drilling services, including reverse circulation, surface and underground coring, directional drilling, and various technology-driven innovations [7]