Canter Resources Stock Price, News & Analysis

Canter Resources (OTC:CNRCF), a U.S.-focused lithium-boron exploration company, has announced plans for a 7:1 share consolidation of its common shares, subject to regulatory approval. The consolidation will reduce the company's outstanding shares from 57,198,401 to approximately 8,171,200.

The strategic move aims to enhance Canter's capital structure, improve trading liquidity, and strengthen its position for potential partnerships. The consolidation will proportionally adjust all convertible securities, with fractional shares being rounded according to a 0.5 threshold. The company will maintain its name and trading symbols, while new CUSIP and ISIN numbers will be announced later.

Canter Resources Corp. (OTC:CNRCF), a U.S.-focused critical mineral exploration company, has completed debt settlements by issuing 2.2 million common shares at $0.07 per share to settle debts totaling $154,000.

The settlement primarily involves company insiders: CEO Joness Lang received 1,450,000 shares, CFO Alnesh Mohan received 392,857 shares, and Executive Chair Warwick Smith received 357,143 shares. The shares are subject to a four-month statutory hold period, and the transaction qualified for exemptions from formal valuation and minority shareholder approval requirements under MI 61-101.

Canter Resources (OTC:CNRCF) has successfully amended its agreements for the Columbus Project, achieving significant cost reductions and timeline extensions. The company has negotiated a 50% reduction in property carrying costs and pushed major cash and exploration obligations to 2027-2028.

Key amendments include retaining 379 core claims (12,460 acres) covering the primary mineralized system, resulting in annual savings of $130,000. Payment obligations have been restructured with significant reductions: a $250,000 payment due in 2026 is reduced to $65,000 (partially in shares), and a $600,000 payment is reduced to $450,000 and extended to 2027. Additionally, drilling commitments have been extended to November 2027.

The company is also completing debt settlements of $154,000 through the issuance of 2.2 million shares at $0.07 per share.

Canter Resources Corp. (CSE: CRC, OTC: CNRCF) has announced its participation in the Fastmarkets Lithium Supply & Battery Raw Materials Conference from June 23-26, 2025, in Las Vegas. The conference is the industry's largest gathering for the lithium and battery materials sector, attracting over 1,300 delegates from 550 companies across 40 countries. Canter's Nevada portfolio is strategically positioned within key districts as Nevada emerges as a crucial hub for domestic lithium supply chain independence. The company plans to advance strategic partner and M&A discussions at the conference, while engaging with industry stakeholders on topics including sustainable exploration, Direct Lithium Extraction developments, and regulatory matters.

Canter Resources (CNRCF) has successfully integrated historical geological data into its Railroad Valley Project exploration efforts in Nevada. The integrated datasets include geology, legacy drill hole data, gravity surveys, bedrock mapping, and borehole geophysical surveys, primarily from public domain records. This integration has created a modern geological model of the basin in the Company's claim block area. The project's strategic value is highlighted by their neighbor, 3 Proton Lithium, receiving FAST-41 Transparency Critical Mineral designation. Railroad Valley, known for hosting Nevada's largest historic oil fields, has potential for lithium and boron-rich brines. The company plans to use this enhanced geological understanding to refine drill targeting and advance exploration programs across priority areas later in 2025.

Canter Resources Corp (CSE: CRC) (OTC: CNRCF) has appointed Warwick Smith as Executive Chairman of the Board of Directors, effective immediately. Smith brings over 25 years of leadership experience in corporate finance and M&A.

Smith's notable achievements include leading the acquisition of the Madison Mine in Montana as CEO of America Pacific Mining Corp, securing a joint venture with Rio Tinto, and spearheading American Pacific's takeover of Constantine Metals. The latter deal included gaining 100% interest in the Palmer VMS Project and securing a US $10 million cash payment from Dowa Metals and Mining.

The appointment comes as Canter advances its Columbus Lithium-Boron Project in Nevada, where the company has identified brine discovery targets and has an amended Notice of Intent under review with the Bureau of Land Management.

Canter Resources Corp (CSE: CRC, OTC: CNRCF) provides insights on potential tariff impacts on lithium and boron markets. The company highlights how upcoming significant tariffs could enhance the importance of U.S.-based critical metals projects, particularly noting the recent $1 billion DOE funding for Ioneer's Rhyolite Ridge Project, located 27km south of Canter's Columbus Lithium-Boron Project in Nevada.

The company expects trade restrictions to accelerate domestic investment in critical mineral projects, supporting EV batteries and advanced technology supply chains. Notably, boron is anticipated to join the USGS Critical Metals List in 2025, with growing demand in agriculture, semiconductors, and clean energy applications.

The company also announced corporate updates including its upcoming virtual Annual General Meeting on May 7, 2025, participation in the Fastmarkets Lithium Conference, and the granting of 2,400,000 stock options at $0.07 per share to directors, officers, and consultants.

Canter Resources Corp (CSE: CRC) (OTC: CNRCF) has received Bureau of Land Management approval for its amended Notice of Intent, enabling an expanded drilling program at the Columbus Lithium-Boron Project in Nevada. The program targets deeper lithium-boron mineralization in the Columbus Basin.

The newly permitted drill sites were strategically selected based on three key factors:

• Deep structural traps in down-dropped fault blocks and paleo-depressions
• Hydrothermal influence and fault-controlled migration supporting potential lithium-rich fluids
• Previous surface sampling showing elevated boron and lithium values

The company has gravel stockpiled for drill pad work and is finalizing logistics while advancing discussions with potential strategic partners to expand the next drilling phase.

Canter Resources Corp (CSE: CRC) (OTC: CNRCF) has submitted an amended Notice of Intent (NOI) to the Bureau of Land Management for its Columbus Lithium-Boron Project. The amendment expands drill sites identified through geochemical sampling, shallow drilling, and 3D modeling following two phases of project consolidation.

The company completed gravel stockpiling in 2024 for drill pad preparation and awaits BLM response in the coming weeks. This submission represents a important step in advancing the exploration of lithium and boron brine targets at the Columbus project. The technical aspects were reviewed and approved by Eric Saderholm P.Geo, Director and Technical Advisor, who serves as the Qualified Person under National Instrument 43-101.