Canuc Resources Corporation is a mining company focused on the identification, acquisition, exploration, development and extraction of mineral resources in Mexico and North America. Canuc Resources was founded in 1954. Initially, the company was engaged in uranium and nuclear energy prospects.
However, in 1990s, it redirected its operations to the Nambija Gold Project in Ecuador. Canuc Resources Corporation is a public company listed on Toronto Venture Stock Exchange with its common shares trading under the ticker symbol CDA. The junior natural resource mining company is also on the OTCQB market under the ticker CNUCF.
The Toronto-based company owns and operates the San Javier Project within Sonora State, in Mexico. It is a gold (Au) and silver (Ag) project with 17 adjacent mining claims proximate to San Javier Town. In September 2020, the company identified silver infused breccia zones. This discovery led the company to refocus its exploration operations towards silver heavy iron oxide copper and gold (IOCG) mineralization. In 2020-2021, it boosted shareholders’ value significantly from the exploration work at the San Javier site.
Canuc Resources also invests in oil and gas developments to strategically support its cash flows. The company maintains a portfolio of two businesses to optimize its corporate costs and minimize share dilution.
MidTex Natural Gas Project in western Texas, United States: The company holds a stake in eight natural gas producing wells in addition to field exploration and developmental rights.
Internet of Things (IoT) Partnership with Ioticiti Networks Inc: Under the agreement, Canuc has the rights to earn from the sale of industrial IoT applications and infrastructure to oil and gas and natural resource mining corporations in Alberta, Saskatchewan and Texas.
The company is working on exploration programs to discover mineral prospects and exploit the full mineral potential for the advancement of its project. It aims to earn quality returns on its business investments for its shareholders.