AveragePenny
2 weeks ago
$CNRC CNRC Outlines Key Highlights for 2024 and Updates Shareholders for 2025
https://www.globenewswire.com/news-release/2024/12/30/3002663/0/en/CNRC-Outlines-Key-Highlights-for-2024-and-Updates-Shareholders-for-2025.html
CHARLESTON, W.Va., Dec. 30, 2024 (GLOBE NEWSWIRE) -- Cunningham Natural Resources Corp (OTC:CNRC) updated shareholders with a summary of its recent business developments, significant achievements, as well as providing some insight for 2025 and beyond.
The company completed its name change to Cunningham Natural Resources Corp and a symbol change to CNRC;
The company completed an asset spinoff dividend to shareholders of Worldwide Diversified Holdings, Inc. ("WDHI") a majority owned subsidiary of CNRC and has filed for listing of the shares to be traded on the OTC Markets in the first quarter of 2025. The company is working with a potential market maker to file the required Form 211, under Rule 15c2-11 of the Securities Exchange Act of 1934, to commence trading.
CNRC portfolio company Cunningham Mining Ltd has announced that its Nugget Trap Gold Token (RWA Token) (NGTG + NGTG$$) is now listed on more than nine different exchanges, including a new listing on BitMart (www.bitmart.com). BitMart Exchange is a global digital assets trading platform with over 2.2 million users worldwide, daily trading volume of more than $4 Billion and is one of the top ten exchanges. Designed as a utility token, NGTG enables streamlined operations, loyalty rewards, and greater accessibility to digital mining tools for stakeholders. Built on blockchain technology, it serves as a bridge to digitize mining operations, improving transparency, efficiency, and collaboration across stakeholders.
Real-World Utility Tokens, such as the Nugget Trap Gold Token, enable innovative solutions for the mining industry by digitizing processes and creating efficiencies. Token holders who actively engage with the platform for six months will unlock special loyalty features, enhancing their experience within the mining industry's digital transformation.
CNRC owns 9% of Cunningham Mining Ltd and its ownership in the token is now valued, on a fully diluted basis, at approximately USD $1.00 per share of CNRC. This has provided CNRC shareholders with a significant increase in its asset base and a potential future liquidity event in 2025. GEM Digital recently signed a Subscription draw down for $336m USD for the Nugget Trap Gold Token (https://bit.ly/4hMVmBw).
The company also intends to file a restructuring to meet qualifications for a national exchange that is expected to be completed in the first quarter of 2025. All other requirements for uplisting will be submitted upon completion of regulatory review. The company looks forward to great success on a greater exchange where shareholder value can be maximized with potential dividends in place for 2025.
mick
3 weeks ago
***** #8 / #2 \/ Some interestng views here \/ $CNRC \/ December 31st, 2022, is $352 million dollars \/ $ENOR \/ 17% interest in Worldwide Diversified Holdings, Inc (“WDHI”) as a result of the spinoff
of the company’s non-energy assets.
https://cunninghamnaturalresources.com/operations/
Operations
At Cunningham Natural Resources (CNR), our efforts span beyond North America,
with projects in Africa, South America, and Southeast Asia
Rhino Energy Pty Ltd (“RHINO”)
CNRC has acquired a 40% interest in Rhino Energy Pty Ltd (“Rhino”). Rhino has a management team with global operational expertise having operated & non operated assets in 27 countries.
(http://www.rhinoenergy.com.au)
Cunningham Mining Ltd (“CML”)
CNRC has a 9% interest in Cunningham Mining Ltd (“CML”).
CE Energy Sponsors, LLC (“CEAC”)
CNRC owns 15% of CE Energy Sponsors, LLC, which is the sponsor of
CE Energy Acquisition Corp (“CEAC”) and has filed a registration statement for a $100 million dollar
special purpose acquisition corporation.
Worldwide Energy, Inc
CNRC owns 100% of Worldwide Energy, Inc as a Special Purpose Vehicle to acquire companies in energy and energy services, including energy transition opportunities.
Worldwide Diversified Holdings, Inc (“WDHI”)
CNRC has a 17% interest in Worldwide Diversified Holdings, Inc (“WDHI”) as a result of the spinoff
of the company’s non-energy assets.
WDHI is looking to acquire a diversified portfolio of minority and
controlling interests in businesses that WDHI believes
(i) operate in industries with long-term growth opportunities,
(ii) face minimal threats of technological or competitive obsolescence, and
(iii) have strong management teams largely in place.
WDHI will offer shareholders a unique opportunity of investments in diversified sectors.
(http://www.wdhinc.net)
mick
3 weeks ago
***** #7 / #2 \/ Some interestng views here \/ $CNRC \/ December 31st, 2022, is $352 million dollars \/ $ENOR
https://cunninghamnaturalresources.com/operations/
Operations
At Cunningham Natural Resources (CNR), our efforts span beyond North America,
with projects in Africa, South America, and Southeast Asia
Rhino Energy Pty Ltd (“RHINO”)
CNRC has acquired a 40% interest in Rhino Energy Pty Ltd (“Rhino”). Rhino has a management team with global operational expertise having operated & non operated assets in 27 countries.
Cunningham Mining Ltd (“CML”)
CNRC has a 9% interest in Cunningham Mining Ltd (“CML”).
CE Energy Sponsors, LLC (“CEAC”)
CNRC owns 15% of CE Energy Sponsors, LLC, which is the sponsor of
CE Energy Acquisition Corp (“CEAC”) and has filed a registration statement for a $100 million dollar
special purpose acquisition corporation.
CEAC intends to focus its search for a target business in the energy industry in North America,
Central, and South America. CEAC may also pursue an acquisition opportunity in renewable
energy which refers to energy from a source that is sustainable,
such as wind, hydropower, geothermal or solar power.
mick
3 weeks ago
***** #6 / #2 \/ Some interestng views here \/ $CNRC \/ December 31st, 2022, is $352 million dollars \/ $ENOR
https://cunninghamnaturalresources.com/operations/
Operations
At Cunningham Natural Resources (CNR), our efforts span beyond North America,
with projects in Africa, South America, and Southeast Asia
Rhino Energy Pty Ltd (“RHINO”)
CNRC has acquired a 40% interest in Rhino Energy Pty Ltd (“Rhino”). Rhino has a management team with global operational expertise having operated & non operated assets in 27 countries.
Cunningham Mining Ltd (“CML”)
CNRC has a 9% interest in Cunningham Mining Ltd (“CML”).
CML has completed the acquisition of the Placer Claims. Known as the ‘Nugget Trap Placer Mine”
in the British Columbia Mineral Title registry,
it covers 573.7 acres and the accompanying permits and authorizations (“Property”) that is situated
within the Skeena Mining Division of British Columbia, Canada, in the area known as BC’s Golden Triangle.
A recent independent assay, which includes data from a 25-pit test program,
indicated an average of over Au 25.54 grams gold per cubic meter of pay dirt as well as meaningful amounts of silver.
CML is in the process of permitting for a 15,000 cubic yard per annum pay dirt mining program
with the British Columbia Ministry of Mines.
mick
3 weeks ago
***** #5 / #2 \/ Some interestng views here \/ $CNRC \/ December 31st, 2022, is $352 million dollars \/ $ENOR
https://cunninghamnaturalresources.com/operations/
Operations
At Cunningham Natural Resources (CNR), our efforts span beyond North America,
with projects in Africa, South America, and Southeast Asia
Rhino Energy Pty Ltd (“RHINO”)
CNRC has acquired a 40% interest in Rhino Energy Pty Ltd (“Rhino”). Rhino has a management team with global operational expertise having operated & non operated assets in 27 countries.
The team has managed production of +1.7 million BOE/D. Rhino has assembled a truly world class team that has been involved in some of the most historic oil & gas projects globally over the last 30 years. Rhino is focused on building a material production base through acquisitions in countries and basins where we have a strong track record. It will focus on delivering quality and quantity of news flow to build a positive market sentiment and investor following. Rhino has an initial investment in a junior energy company currently focused on the development of its interests in the Cold Lake and Wabasca areas of Alberta in Canada. (http://www.rhinoenergy.com.au)
mick
3 weeks ago
***** #4 / #2 \/ Some interestng views here \/ $CNRC \/ December 31st, 2022, is $352 million dollars \/ $ENOR
https://cunninghamnaturalresources.com/operations/
Operations
At Cunningham Natural Resources (CNR), our efforts span beyond North America,
with projects in Africa, South America, and Southeast Asia.
NOW \/ https://www.eon-r.com/
HNR Acquisition Corp (“HNRA”)
CNRC has invested in HNR Acquisition Corp. On February 11, 2022, HNRA closed its initial public offering listing on the NYSE with aggregate proceeds of $86,250,000 (NYSE:HNRA). HNRA is a newly organized blank check company formed for the purpose of effecting a business combination with one or more businesses.
While HNRA may pursue an initial business combination target in any business or industry, it intends to focus on assets used in exploring, developing, producing, transporting, storing, gathering, processing, fractionating, refining, distributing, or marketing of natural gas, natural gas liquids, crude oil, or refined products in North America. (HTTP://www.hnra-nyse.com)
Welcome to
EON Resources Inc. (“EON”)
(formerly HNR Acquisition Corp)
NOW \/ https://www.eon-r.com/
Keep updated on our company's developments, financial performance, and corporate practices
About EON Resources Inc.
EON Resources Inc. (“EON” or the “Company”) was formerly HNR Acquisition Corp (“HNRA”) until the name was changed September 18, 2024. EON is listed on the New York Stock Exchange (“NYSE American”) under the symbol “EONR"
EON is an independent energy company focused on Energy, Oil, Natural Resources, and other aspects of the Energy Industry. Our current focus is as an upstream energy company with producing oil and gas properties in the Permian Basin. Our plans are to maximize total returns to its shareholders by growing through acquisition and through the development and enhancement of onshore oil and natural gas properties in the United States.
Our first acquisition in November 2023 is a waterflood project, which includes 342 producing oil and gas wells, ~13,700 contiguous acres located on the Northwest Shelf of the Permian Basin in New Mexico. Our Investor Presentation Deck and the Proxy Statement filings with the SEC have more detailed information regarding the acquisition and the property included.
EON has an experienced management team with extensive experience in the oil and gas industry. We are excited about the acquisition and our future. More information on the management team can be found under Our Team in the About Us section of this website.
mick
3 weeks ago
#3 \/ #2 \/ Some interestng views here \/ $CNRC \/ December 31st, 2022, is $352 million dollars
https://cunninghamnaturalresources.com/operations/
Operations
At Cunningham Natural Resources (CNR), our efforts span beyond North America,
with projects in Africa, South America, and Southeast Asia.
Kharrouba Copper Company, Inc. (“KCC”)
CNRC agreed to purchase up to 19.9% interest in KCC, a copper mining producer located in Morocco. KCC acquired a significant land position of 319 km2 hosting copper ore. KCC inherited significant previous development on its concessions undertaken by the French before Morocco became independent in 1956.
The copper ore position has formed the foundation for major development of the copper mining and processing operation to substantially increase reserves and production over time. KCC has an established management and operating team drawing from deep experience led by Scott M. Hand as Executive Chairman of KCC. Mr. Hand was the former Chairman and CEO of Inco Limited, which sold to Brazil’s Vale SA for USD $19 billion in 2006.
mick
3 weeks ago
#2 \/ Some interestng views here \/ $CNRC \/ December 31st, 2022, is $352 million dollars
https://cunninghamnaturalresources.com/operations/
Operations
At Cunningham Natural Resources (CNR), our efforts span beyond North America,
with projects in Africa, South America, and Southeast Asia.
Cunningham Energy, LLC
CNRC owns 100% of Cunningham Energy LLC. Cunningham Energy was founded in 2008 for the purpose of acquiring, exploring, and producing oil and gas in the Appalachian, Illinois, and Williston Basins. Cunningham Energy and its affiliates own interests in approximately 600 wells, 170 of which are re-works with a 98% successful completion rate. They were the pioneers of shallow horizontal oil drilling in West Virginia spetrotarting in 2014.
The company acquired 30,000 net acres in numerous transactions throughout the Appalachian Basin Acreage acquisition was completed over a 10-year time frame as data emerged. Metrics of shallow oil lease values were increased as drilling progressed, with some cases yielding over 10-12x returns.
They acquired and negotiated control of 965,000 net acres in Canada. Negotiated a 75% Net Revenue Interest basis with estimated reserves of more than 500M barrels of oil via an earnout with a Cunningham controlled Canadian entity. An independent engineering firm completed an updated evaluation of the oil & gas assets of Cunningham Energy.
The updated independently appraised value of the CE’s leasehold position, as of December 31st, 2022, is $352 million dollars, assuming the current proposed sixty-eight (68) well drilling program is completed. (http://www.cunninghamenergy.com)
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
Ask ADVFN Intelligence (AI)
CashCowMoo
2 weeks ago
Hot Features
Premium
