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Canuc Resources ( (TSE:CDA) ) has provided an announcement.
Canuc Resources Corporation has completed the acquisition of MacDonald Mines Exploration Ltd., making MacDonald a wholly owned subsidiary. This acquisition enhances Canuc’s portfolio with the SPJ Project in Ontario, known for its critical and precious metal mineralization, and aligns with Canuc’s strategy to leverage modern geological modeling and develop cash flow opportunities from historical mining sites. This strategic move is expected to create significant synergies and opportunities for both companies’ shareholders, potentially impacting Canuc’s operations and market positioning positively.
More about Canuc Resources
Canuc Resources Corporation, founded in 1952, is a junior resource company focusing on the San Javier Silver-Gold Project in Sonora State, Mexico. The company is involved in silver, gold, and copper mineralization projects and generates cash flow from natural gas production at its MidTex Energy Project in Central West Texas, USA. MacDonald Mines Exploration Ltd., founded in 1935, was a mineral exploration company focused on precious and critical metals properties in Ontario, with its flagship SPJ Project near the Sudbury Mining Camp.
Average Trading Volume: 40,707
Technical Sentiment Signal: Sell
Current Market Cap: C$12M
See more data about CDA stock on TipRanks’ Stock Analysis page.