AveragePenny
4 days ago
$CNRC CNRC REPORTS RESULTS FOR PERIOD ENDING DECEMBER 31, 2024
https://www.prnewswire.com/news-releases/cnrc-reports-results-for-period-ending-december-31-2024-302369982.html
Earnings per share $0.03c
Net asset value of $0.18c per share
CHARLESTON, W.Va., Feb. 6, 2025 /PRNewswire/ -- Cunningham Natural Resources Corp. (OTC: CNRC) ("CNRC or the Company") announced financial results for December 31, 2024.
Financial Results: Twelve Months December 31, 2024 vs Twelve Months December 31, 2023
Total revenue for twelve months was $ 20,061,402 vs $ 21,117,265, a decrease of 5.2 %.
Total earnings for twelve months were $10,892,174 vs $ 11,501,687, a decrease of 5.5 %.
Earnings per share for twelve months were $ 0.03 per share.
The company has a net asset value of $ 0.18 per share as of December 31, 2024.
The company is focused on traditional oil and gas opportunities and energy transition materials including mining opportunities in copper, lithium, gold, as well as other precious and rare earth metals. The highlights of the company's achievements in 2024 are outlined below.
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. The company is still completing due diligence with compliance department of the broker dealer.
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.
CNRC owns 9% of Cunningham Mining Ltd and its ownership in the token is now valued, on a fully diluted basis, at approximately USD $0.42 per share of CNRC. This has provided CNRC shareholders with a significant increase in the 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.
AveragePenny
1 month 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
2 months ago
***** #8 / #2 \/ Some interestng views here \/ $CNRC \/ December 31st, 2022, is $352 million dollars \/ $ENOR \/ 17% interest in Worldwide Diversified Holdings, Inc (โWDHIโ) as a result of the spinoff
of the companyโs 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 (โRHINOโ)
CNRC has acquired a 40% interest in Rhino Energy Pty Ltd (โRhinoโ). 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 (โCMLโ)
CNRC has a 9% interest in Cunningham Mining Ltd (โCMLโ).
CE Energy Sponsors, LLC (โCEACโ)
CNRC owns 15% of CE Energy Sponsors, LLC, which is the sponsor of
CE Energy Acquisition Corp (โCEACโ) 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 (โWDHIโ)
CNRC has a 17% interest in Worldwide Diversified Holdings, Inc (โWDHIโ) as a result of the spinoff
of the companyโs 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)