CDN Maverick Announces Normal Course Issuer Bid
TMX Newsfile·2026-01-17 00:37

Core Viewpoint - CDN Maverick Capital Corp. has announced a normal course issuer bid (NCIB) to repurchase up to 1,048,061 common shares, representing approximately 5% of its issued and outstanding shares, to enhance long-term shareholder value [1][5]. Group 1: NCIB Details - The NCIB will commence on January 19, 2026, and conclude no later than January 18, 2027, with shares purchased on the open market at prevailing market prices [2]. - The company will fund the share purchases with cash on hand, and the timing and amount of purchases will depend on market conditions [3]. - Under the NCIB, the company may buy up to 2% of its issued and outstanding shares over any 30-trading-day period, with Haywood Securities Inc. conducting the transactions [4]. Group 2: Company Perspective - The Board of Directors believes that the current trading price of the shares does not reflect the company's business value and prospects, making the share repurchase a suitable strategy [5]. - The company has not repurchased any shares in the past 12 months, and no insiders currently intend to sell shares under the NCIB [5]. Group 3: Company Overview - CDN Maverick Capital Corp. is a project generator and critical minerals exploration company focused on developing high-value assets, particularly in lithium and battery metals across North America [6].