Core Insights - Canadian North Resources Inc. is advancing its Ferguson Lake Project, focusing on bioleaching technology for the extraction of copper, nickel, cobalt, palladium, and platinum [2][3] - Recent bioleaching tests have shown high extraction rates for metals at low temperatures, indicating a potential for low-cost and low-carbon processing [3][6] Bioleaching Technology Evaluation - The company is collaborating with RPC, a leader in bio-metallurgical technology, to develop a low-cost mineral processing flowsheet [2][3] - Bioleaching tests conducted at temperatures between 52-65°C demonstrated significant improvements in metal extraction rates, with copper extraction reaching 88.8% at 65°C [4][6] - The unique mineralogy of the massive sulphides allows for self-sustaining reactions, reducing the need for external heat and acid [6][7] Test Results - The second set of bioleaching tests confirmed extraction rates of 87.7% for copper, 98.6% for nickel, and 98.2% for cobalt within a 28-day leach time [4][6] - Initial cyanide leach tests on residues indicated recoveries of 82% for palladium and 83% for gold, with further tests planned to evaluate PGM recoveries [8][9] Future Testing Phases - Phase 1 will focus on extensive bio-leaching tests to optimize extraction conditions for nickel, cobalt, and copper [10] - Phase 2 will evaluate various recovery options from the bio-leaching solution, including the extraction of metals and PGE from residual products [10] Company Overview - Canadian North Resources Inc. is focused on critical metals for clean energy and electric vehicle industries, with the Ferguson Lake Project being a key asset [13][14] - The project has a substantial mineral resource estimate, including 66.1 million tonnes of indicated resources containing significant amounts of copper, nickel, cobalt, palladium, and platinum [14]