08:52 AM EST, 11/07/2025 (MT Newswires) -- Tree Island Steel ( TWIRF ) on Friday said it received approval from the Toronto Stock Exchange (TSX) to renew its proposed normal course issuer bid.

The NCIB will allow the company to purchase up to 1.29 million common shares, approximately 5% of Tree Island's issued and outstanding common shares.

The buyback will begin on Nov 12, 2025 and end on Nov. 11, 2026, or an earlier date should Tree Island Steel ( TWIRF ) completes its purchases.

All common shares purchased under the bid will be cancelled.

Pursuant to the normal course issuer bid that commenced on Nov. 11, 2024 and expires on Nov. 10, 2025, the company previously acquired 108,571 common shares at a weighted average price of $2.5623 per common share.