Cancambria Energy Corp Stock Price, News & Analysis

CanCambria Energy (OTCQB:CCEYF) has established a new Hungarian subsidiary, CanCambria Kiskunhalas, to advance exploration activities in the newly awarded Kiskunhalas Concession Area (KCA). The KCA spans 945.9 km² (233,737 acres) and is adjacent to the company's existing 131.9 km² Ba-IX Mining License.

The company plans to update contingent resource estimates, evaluate new 3D seismic acquisition possibilities in the Soltvadkert Trough, and integrate historical data from the KCA region. Additionally, CanCambria has engaged Altura Media for a two-month digital marketing services agreement valued at CAD$125,000, subject to TSX Venture Exchange approval.

CanCambria Energy (OTCQB:CCEYF) has successfully completed the second and final tranche of its upsized non-brokered private placement, raising total gross proceeds of CA$3,568,344 through the issuance of 6,862,200 units at $0.52 per unit.

The second tranche consisted of 1,058,400 units for CA$550,368. Each unit includes one common share and one warrant exercisable at $0.75 for three years. The company paid $174,320 in total finder's fees and issued 335,232 finder's warrants.

Proceeds will fund the concession fee for the Kiskunhalas Hydrocarbon Concession Area in Hungary and provide working capital. All securities are subject to a four-month hold period expiring December 6, 2025.

CanCambria Energy (OTCQB: CCEYF) has successfully secured the Kiskunhalas Concession Area (KCA) in Hungary after completing the concession fee payment to the Hungarian Ministry of Energy. The 945.9 km² concession area was acquired at less than USD$10 per net acre.

The company will establish a wholly-owned Hungarian subsidiary, CanCambria Kiskunhalas Koncessziós Ltd., to manage exploration and appraisal operations. Additionally, CanCambria has appointed Hugh Grenfal and Christopher Yokoyama as key advisors, bringing extensive industry experience in resource markets and petrophysical technical expertise respectively.

The company has also engaged Winning Media LLC for a three-month digital advertising campaign at USD$100,000 to enhance investor awareness and support its OTCQB listing.

CanCambria Energy (OTCQB:CCEYF) has successfully closed the first tranche of its non-brokered private placement, raising CAD$3.02 million through the issuance of 5,803,800 units at $0.52 per unit. Due to strong investor interest, the company has increased the total offering size from CAD$2.5 million to CAD$3.2 million.

Each unit comprises one common share and one warrant exercisable at $0.75 per share for three years. The company paid $152,998 in finder's fees and issued 294,228 non-transferable finder's warrants. Proceeds will fund the Kiskunhalas Hydrocarbon Concession Area contract in Hungary and general working capital.

CanCambria Energy (OTCQB: CCEYF) has announced a non-brokered private placement offering to raise up to CAD$2.5 million through the issuance of up to 4,807,693 units at $0.52 per unit.

Each unit consists of one common share and one warrant, with warrants exercisable at $0.75 per share for three years. The company may pay a 6% finder's fee in cash and 6% in non-transferable finder's warrants. The proceeds will be used for the Kiskunhalas Hydrocarbon Concession Area contract agreement with the Hungarian Ministry of Energy and general working capital purposes.

The offering is expected to close around July 15, 2025, subject to regulatory approvals. Company insiders may participate in the offering, constituting a related party transaction under MI 61-101.

CanCambria Energy Corp has signed a concession contract with the Hungarian Ministry of Energy for the Kiskunhalas Concession Area (KCA), spanning 945.9 km2. The agreement initiates a four-year exploration period, with the company required to pay a concession fee within 30 business days. The KCA includes both unconventional and conventional potential, with 25% of the southern area showing gas-charged reservoir indicators. The northern 30% contains the unexplored Soltvadkert Trough, analogous to the Kiskunhalas Trough. CanCambria has licensed 2011 vintage 3D seismic data and plans to reprocess and merge it with new data. The company is assembling an experienced technical team and discussing potential new 3D surveys to assess the unexplored basin. An assessment of shallow conventional oil and gas potential across the concession area is also underway.

CanCambria Energy Corp. has announced the commencement of trading on the OTCQB Venture Market in the United States under the symbol 'CCEYF'. The company continues to maintain its listings on the TSX Venture Exchange (CCEC) and Frankfurt Stock Exchange (4JH). The OTCQB listing, operated by OTC Markets Group in New York, aims to enhance visibility and accessibility among U.S. investors. CEO Paul Clarke highlighted the strategic importance of this listing, particularly given the company's Kiskunhalas Project in Hungary and its focus on European natural gas market opportunities. The company also confirmed DTC eligibility for its shares, facilitating electronic clearing and settlement in the U.S., and has released an updated corporate presentation reflecting recent land additions and resource estimates.