Canuc Resources Corporation (TSX-V: CDA) is a junior company focused on the acquisition and development of quality resource assets through the bottom of the resource market cycle. Canuc is developing a portfolio of cash generating energy assets and high grade metal assets. Energy Assets Canuc is developing energy assets, in safe jurisdictions, to support cash flow and enhance security. In 2011 Canuc acquired MidTex Oil & Gas Corporation, a private company with producing gas wells in Stephens County, West Texas. Today, through this wholly owned subsidiary, Canuc is participating in seven producing gas wells on a total of six leases. The Stephens County leases can also support further wells within the existing acreage. Additional wells can be drilled and produced to enhance cash flow at a future date when conditions merit expansion. On May 17th, 2018 Canuc announced an LOI for the acquisition of Full Circle Energy Ltd. Full Circle’s corporate assets consist of access to a total of 12.3 sections of oil prospective land in Saskatchewan, Canada. Cash flow from hydrocarbon production is a component of the Company’s strategy to prevent shareholder dilution, and to create shareholder value while minimizing treasury share issuance. Metal Assets In February of 2017, Canuc completed a Reverse Takeover of Santa Rosa Silver Mining Corporation which held the San Javier Silver-Gold Project (San Javier) located in Sonora State, Mexico. The San Javier Silver-Gold Project hosts multiple levels of historical underground workings on high grade silver and gold veins. A comprehensive sampling program and diamond drilling has yielded consistently high silver grades with significant gold credits. San Javier is held through Canuc’s wholly owned subsidiary Minera Stramin SA de CV, and represents an undervalued, high quality precious metal asset for Canuc shareholders.
Toronto, Ontario, Canada
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The official website of Canuc Resources Corporation is http://www.canucresources.ca/.
The phone number for Canuc Resources Corporation is (416)867-1300.
Slintel keeps track of 11-50 employees who are working at Canuc Resources Corporation.
Canuc Resources Corporation is in the industry of Mining & Metals.
Canuc Resources Corporation stock symbol is CDA.V.
Canuc Resources Corporation headquarters are at Toronto, Ontario, Canada.