CNRC REPORTS RESULTS FOR PERIOD ENDING DECEMBER 31, 2024
Cunningham Natural Resources Corp (OTC: CNRC) reported its financial results for December 31, 2024, showing a decrease in performance compared to 2023. Total revenue declined 5.2% to $20,061,402, while earnings decreased 5.5% to $10,892,174. The company reported earnings per share of $0.03 and a net asset value of $0.18 per share.
Key developments include completing a name change to CNRC and executing an asset spinoff dividend of Worldwide Diversified Holdings, Inc. (WDHI), which is pending OTC Markets listing in Q1 2025. CNRC's portfolio company, Cunningham Mining , achieved listings for its Nugget Trap Gold Token on nine exchanges, including BitMart. CNRC owns 9% of Cunningham Mining , with its token ownership valued at approximately $0.42 per CNRC share. The company plans to restructure for national exchange uplisting in Q1 2025.
Cunningham Natural Resources Corp (OTC: CNRC) ha riportato i suoi risultati finanziari al 31 dicembre 2024, evidenziando una diminuzione delle performance rispetto al 2023. I ricavi totali sono diminuiti del 5,2% a $20.061.402, mentre gli utili sono calati del 5,5% a $10.892.174. La società ha riportato utili per azione di $0,03 e un valore patrimoniale netto di $0,18 per azione.
Sviluppi chiave includono il completamento del cambio di nome in CNRC e l'esecuzione di un dividendo di spin-off di asset da Worldwide Diversified Holdings, Inc. (WDHI), che è in attesa di quotazione sui mercati OTC nel primo trimestre del 2025. La società portafoglio di CNRC, Cunningham Mining, ha ottenuto quotazioni per il suo Nugget Trap Gold Token su nove scambi, inclusa BitMart. CNRC detiene il 9% di Cunningham Mining, con il valore della sua proprietà di token stimato a circa $0,42 per azione CNRC. La società prevede di ristrutturarsi per una quotazione su un mercato nazionale nel primo trimestre del 2025.
Cunningham Natural Resources Corp (OTC: CNRC) informó sus resultados financieros al 31 de diciembre de 2024, mostrando una disminución en el rendimiento en comparación con 2023. Los ingresos totales cayeron un 5,2% a $20,061,402, mientras que las ganancias disminuyeron un 5,5% a $10,892,174. La compañía reportó ganancias por acción de $0.03 y un valor neto de activos de $0.18 por acción.
Los desarrollos clave incluyen la finalización del cambio de nombre a CNRC y la ejecución de un dividendo de escisión de activos de Worldwide Diversified Holdings, Inc. (WDHI), que está pendiente de listado en los mercados OTC en el primer trimestre de 2025. La compañía de cartera de CNRC, Cunningham Mining, logró listados para su Nugget Trap Gold Token en nueve intercambios, incluido BitMart. CNRC posee el 9% de Cunningham Mining, con un valor de propiedad de token estimado en aproximadamente $0.42 por acción de CNRC. La compañía planea reestructurarse para una cotización en una bolsa nacional en el primer trimestre de 2025.
커닝햄 내추럴 리소스 Corp(OTC: CNRC)는 2024년 12월 31일 기준 재무 결과를 보고하였으며, 2023년 대비 성과가 감소하였음을 보여주었습니다. 총 수익은 5.2% 감소한 $20,061,402에 이르렀고, 수익은 5.5% 감소한 $10,892,174에 그쳤습니다. 회사는 주당 $0.03의 주당 수익과 $0.18의 순자산 가치를 보고하였습니다.
주요 발전 사항으로는 CNRC로의 이름 변경 완료 및 Worldwide Diversified Holdings, Inc.(WDHI)의 자산 분할 배당금 실행이 있으며, 이는 2025년 1분기 OTC 마켓 상장을 대기 중입니다. CNRC의 포트폴리오 회사인 커닝햄 마이닝은 BitMart를 포함한 9개 거래소에서 Nugget Trap Gold Token의 상장을 달성하였습니다. CNRC는 커닝햄 마이닝의 9%를 소유하고 있으며, 토큰 소유 가치는 CNRC 주당 약 $0.42로 평가됩니다. 회사는 2025년 1분기에 국가 거래소에 상장하기 위해 재구성을 계획하고 있습니다.
Cunningham Natural Resources Corp (OTC: CNRC) a publié ses résultats financiers au 31 décembre 2024, montrant une diminution de performance par rapport à 2023. Le chiffre d'affaires total a diminué de 5,2 % pour atteindre 20 061 402 $, tandis que les bénéfices ont baissé de 5,5 % pour s'établir à 10 892 174 $. L'entreprise a déclaré un bénéfice par action de 0,03 $ et une valeur nette d'actifs de 0,18 $ par action.
Les développements clés incluent la finalisation du changement de nom en CNRC et l'exécution d'un dividende de scission d'actifs de Worldwide Diversified Holdings, Inc. (WDHI), qui est en attente d'une cotation sur les marchés OTC au premier trimestre 2025. La société de portefeuille de CNRC, Cunningham Mining, a réussi à obtenir des listes pour son Nugget Trap Gold Token sur neuf bourses, y compris BitMart. CNRC possède 9 % de Cunningham Mining, avec une valeur de propriété de token estimée à environ 0,42 $ par action CNRC. L'entreprise prévoit de se restructurer pour une cotation sur un marché national au premier trimestre 2025.
Cunningham Natural Resources Corp (OTC: CNRC) hat ihre Finanzergebnisse zum 31. Dezember 2024 veröffentlicht, die einen Rückgang der Leistung im Vergleich zu 2023 zeigen. Der Gesamtumsatz fiel um 5,2% auf $20.061.402, während der Gewinn um 5,5% auf $10.892.174 zurückging. Das Unternehmen berichtete von einem Gewinn pro Aktie von $0,03 und einem Nettowert der Vermögenswerte von $0,18 pro Aktie.
Wichtige Entwicklungen umfassen den Abschluss der Umbenennung in CNRC sowie die Ausführung einer Vermögensspaltung-Dividende von Worldwide Diversified Holdings, Inc. (WDHI), die auf die OTC-Märkte im ersten Quartal 2025 wartet. Das Portfolio-Unternehmen von CNRC, Cunningham Mining, hat die Listung seines Nugget Trap Gold Token an neun Börsen, einschließlich BitMart, erreicht. CNRC besitzt 9% von Cunningham Mining, wobei der Wert ihrer Tokenhaltung auf etwa $0,42 pro CNRC-Aktie geschätzt wird. Das Unternehmen plant eine Umstrukturierung zur nationalen Börsenlistung im ersten Quartal 2025.
- Planned uplisting to national exchange in Q1 2025
- 9% ownership in Cunningham Mining valued at $0.42 per CNRC share
- Asset spinoff dividend of WDHI subsidiary pending OTC listing
- Portfolio company's token listed on major exchanges including BitMart
- Revenue decreased 5.2% to $20.06M in 2024
- Earnings declined 5.5% to $10.89M in 2024
- Low earnings per share of $0.03
Earnings per share
Net asset value of
Financial Results: Twelve Months December 31, 2024 vs Twelve Months December 31, 2023
- Total revenue for twelve months was
$ 20,061,402 $ 21,117,265 - Total earnings for twelve months were
$10,892,174 $ 11,501,687 - Earnings per share for twelve months were
$ 0.03 - The company has a net asset value of
$ 0.18
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 - 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 $336m USD - 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.
About Cunningham Natural Resources Corp:
Cunningham Natural Resources Corp (www.cunninghamnaturalresources.com) will be 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 investment focus will be global with sustainability at the core of the strategy.
FORWARD-LOOKING STATEMENTS:
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties.
Twitter: https://twitter.com/CunninghamCorp
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SOURCE Cunningham Natural Resources Corp
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