07:23 AM EST, 01/15/2026 (MT Newswires) -- Tamarack Valley Energy ( TNEYF ) on Thursday said that the Toronto Stock Exchange (TSX) approved its application to renew its normal course issuer bid (NCIB).

The company said it had 486.7-million common shares issued and outstanding as at Jan. 5. The bid allows it to buy back up to 47.7-million common shares, about 10% of the 477.4-million issued and outstanding common shares that comprise the public float as of Jan. 5, over a one-year period starting on Jan. 19, which will expire no later than Jan. 18, 2027.

Tamarack also entered into an automatic share purchase plan with its designated broker to allow for purchases of its common shares under the NCIB during blackout periods.

Shares of the company closed up $0.15 to $8.16 on Wednesday on the TSX.