10:40 AM EST, 02/12/2026 (MT Newswires) -- Tenaz Energy ( ATUUF ) on Thursday said it received Toronto Stock Exchange approval of its notice of intention to make a normal course issuer bid (NCIB).

The NCIB will allow the company to purchase up to around 2.68 million shares over the next twelve-month period, representing approximately 8.4% of the issued and outstanding shares of around 32.05 million and 10% of the public float of shares as at Feb. 3, 2026.

The NCIB will begin on Feb. 17, 2026, and end on Feb. 16, 2027, or such earlier date as the company may determine or it may complete purchases pursuant to the NCIB.

Shares purchased pursuant to the NCIB will be cancelled, said the company.

The company also said that, under its prior NCIB, which started on Feb. 14, 2025, and terminates on Feb. 13, 2026, it was permitted to purchase up to around 2.48 million shares. Tenaz said it repurchased a total of 366,100 shares at a weighted average price of $19.13 per share.

The company's shares were last seen down $0.72 to $41.53 on the Toronto Stock Exchange.

Price: 41.53, Change: -0.72, Percent Change: -1.70