HOUSTON NAT RES CORP - HNRC STOCK NEWS

Houston Natural Resources Corp (OTC:HNRC) has announced its rebranding to Cunningham Natural Resources Corp, with the change becoming effective November 11, 2024. The company's ticker symbol will change from HNRC to CNRC on the OTC Equity Markets. The CUSIP number will remain unchanged, and existing stockholders are not required to take any action. The company has also launched a new website at cunninghamnaturalresources.com.

Houston Natural Resources Corp (OTC:HNRC) portfolio company Cunningham Mining has launched its Nugget Trap Token (NGTG$$) on Biconomy Exchange. The token offering includes 100 million units at $0.60 USD per token for total proceeds of $60M USD. CML has secured a USD $336 million investment commitment from GEM Digital and plans to acquire American Creek Resources for USD $150 million. HNRC owns 9% of CML and expects a significant increase in its asset base with a liquidity event in Q4. The token is backed by Placer Claim in-ground assets and requires a six-month holding period to activate embedded offers.

Houston Natural Resources Corp. (OTC: HNRC) has reported its Q3 2024 financial results for the period ending September 30, 2024. Key highlights include:

- Total revenue of $13,094,326 for nine months in 2024, compared to $15,241,815 in 2023
- Total earnings of $8,764,980 for nine months in 2024, compared to $8,871,912 in 2023
- Earnings per share (EPS) of $0.02 for nine months in 2024, unchanged from 2023
- Net asset value (NAV) of $0.20 per share in Q3 2024

The company has achieved significant milestones, including the acquisition of Cunningham Energy, , with appraised oil & gas assets valued at $352 million. HNRC is also undergoing corporate changes, including a name change to Cunningham Natural Resources Corp. Additionally, the company has acquired a 9% interest in Cunningham Mining and successfully executed the spin-off of Worldwide Diversified Holdings, Inc. (WDHI).

Houston Natural Resources Corp (OTC: HNRC) reported Q2 2024 financial results and provided updates on its portfolio companies. Key highlights include:

- Q2 2024 revenue: $4,387,799 (down from $5,187,785 in Q2 2023)
- Q2 2024 earnings: $3,014,455 (down from $3,588,326 in Q2 2023)
- Total assets: $75,334,239 (up from $49,843,529)
- Net asset value (NAV): $0.21 per share

Portfolio updates:
- Cunningham Mining secured a $153 million investment
- Worldwide Diversified Holdings applied for OTCQB listing
- Cunningham Energy settled with EPA and focuses on drilling program
- HNR Acquisition Corp filed S-1 Registration Statement
- Rhino Energy evaluating acquisition opportunities
- CE Energy Sponsors evaluating new SPAC terms

HNRC has filed to change its name to Cunningham Natural Resources Corp.

Houston Natural Resources Corp (HNRC) announced its Q1 2024 financial results, showing steady growth in revenue and operating earnings. For the quarter ending March 31, 2024, HNRC reported a total revenue of $4,292,940, a 2.7% increase from Q1 2023. Earnings also rose by 2.8% to $2,736,961. However, total assets decreased by 7.5%, down to $85,858,800. The company's net asset value per share stood at $0.27. HNRC has filed an application for Worldwide Diversified Holdings common shares to trade on the OTCQB market, with future plans to uplist to a major exchange and pursue acquisitions to enhance shareholder value.

Cunningham Mining , a minority interest portfolio company of Houston Natural Resources Corp (HNRC), has provided an update on acquiring up to 19.8% interest in Kharrouba Copper Company (KCC). The company has completed the acquisition of the 'Nugget Trap Placer Mine' in British Columbia, covering 573.7 acres. Cunningham Mining plans to digitize these claims via Digital Asset Tokens, with the initial lot of 100 million tokens, pending symbol 'NGTGOLD', expected next quarter. These tokens will provide working capital for mining operations and investment in KCC. KCC, a Canadian company with a considerable land position in Morocco, aims to increase its resources to 30 million tons at an estimated 1.5% copper within 12-18 months. The growing demand for copper, driven by the electric vehicle industry and green energy transition, positions KCC for substantial growth. Cunningham Mining is also exploring further acquisitions in the gold mining sector.

Houston Natural Resources Corp. CEO Frank Kristan discusses 2023 financials, potential trading of Worldwide Diversified Holdings, Inc spin off, Gold Token, and HNRA SPAC on 'The Street Reports Podcast'. The company is focused on micro-cap, small-cap, and undervalued companies.