Strathcona Resources Ltd. Receives TSX Approval for Normal Course Issuer Bid

Executive Summary

• Strathcona Resources Ltd. received TSX approval to commence a normal‑course issuer bid to repurchase up to 5% of its outstanding common shares (≈10.7 million shares).
• The NCIB may begin on March 17, 2026 and run until the earlier of March 16, 2027 or the point at which the maximum share count is reached.
• Daily purchase limits are set at no more than 25% of average daily trading volume (≈40,615 shares) to comply with TSX rules.

Key Details

• Maximum Shares Purchasable: Up to 10,711,780 common shares (5 % of 214,235,608 outstanding shares).
• Purchase Period: Commences March 17, 2026; expires on the earlier of March 16, 2027 or full acquisition.
• Daily Purchase Cap: ≤ 25 % of average daily volume (based on 162,460 shares average from Sep 1 2025 – Feb 28 2026), i.e., ≤ 40,615 shares per trading day, subject to block‑purchase exceptions.
• Purchase Method: Open‑market purchases at market price and other permitted means; an automatic purchase plan with a broker will be used during self‑imposed blackout periods.
• Purpose: To cancel repurchased shares, enhancing long‑term shareholder returns by addressing perceived undervaluation of the stock.
• Regulatory Framework: Conducted under TSX NCIB rules and applicable securities legislation; purchases may also occur on other designated exchanges or Canadian trading systems.

Notable Quotes

(No direct quotes were provided in the release.)