09:09 AM EDT, 05/08/2025 (MT Newswires) -- Black Diamond Group ( BDIMF ) said Thursday that it received TSX approval to renew its normal course issuer bid with respect to its common shares.

Under the NCIB, the company can purchase up to 4,513,658 shares or 10% of its public float and about 7.3% of its 62,214,472 issued and outstanding common shares as at April 30, 2025.

Furthermore, subject to certain exemptions for block purchases, the maximum number of common shares that BDI may acquire on any one trading day is 9,405 common shares, such amount representing 25% of the average daily trading volume of 37,621 for the six calendar months prior to the start of the NCIB.

The NCIB will commence May 12 and terminate May 11, 2026, or earlier.

Management believes the market price of its shares may not fully reflect their underlying value, and buying the shares represents "attractive investment value" and would be in the best interests of Black Diamond.