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]

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].

Core Points - Major Drilling Group International Inc. successfully elected all director nominees during its hybrid annual general meeting, with over 83% shareholder participation [1][2] - The election results showed strong support for the director nominees, with percentages for individual nominees ranging from 96.71% to 99.96% [2] - The company's approach to executive compensation received 98% approval, and the appointment of Deloitte LLP as independent auditors received 95% approval [2] Company Overview - Major Drilling is the world's leading provider of specialized drilling services in the metals and mining industry, established in 1980 [3] - The company operates globally, with field operations and registered offices across North America, South America, Australia, Asia, Africa, and Europe [3] - Major Drilling is recognized for its expertise in various drilling services, including reverse circulation, surface and underground coring, and directional drilling, among others [4]