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Canuc Resources Corporation reports developments tied to its mineral exploration and development activities in Ontario. The company owns the East Sudbury Project, a gold, copper, cobalt and critical-mineral property near the Sudbury Mining Camp that includes the historical Scadding Gold Mine and related tailings project.
Recurring updates for CNUCF include drilling and assay verification at East Sudbury, geological reviews following the acquisition of MacDonald Mines, project governance for Scadding-related work, flow-through private placements, warrant and option adjustments, and capital-structure actions such as its completed share consolidation.
Canuc Resources (OTCQB:CNUCF) has signed a master service agreement with Verum Mining Consultants to advance its East Sudbury Project in Ontario. Verum will provide technical consulting, including mineral resource calculation for Lens 1, conceptual mine planning, scheduling, and permitting support. Work is conceptual and not a NI 43-101 economic study.
Canuc Resources (OTCQB: CNUCF) completed a 10-for-1 share consolidation effective February 18, 2026.
The company now has 28,453,148 common shares outstanding, began trading on a post-consolidation basis at market open on February 18, 2026, and has new identifiers: CUSIP 138909502 and ISIN CA1389095029. All warrants and incentive stock options were adjusted to increase exercise prices by tenfold and to divide issuance amounts by ten.
Canuc (OTCQB: CNUCF) will consolidate its common shares on a 10-for-1 basis, reducing issued shares from 284,531,484 to approximately 28,453,148.
All warrants, options and convertible securities will be adjusted 10-fold in price and reduced tenfold in share quantity. The company expects TSX-V final approval effective February 17, 2026.
Canuc Resources (OTCQB: CNUCF; TSXV: CDA) closed a CAD 2,790,000 flow-through private placement on December 30, 2025, issuing 18,000,000 units. Each unit comprises one flow-through common share at $0.155 CAD and one half of a share purchase warrant. Whole warrants allow purchase at $0.18 CAD for two years, with an early-trigger if the 10-day average share price exceeds $0.24, after which unexercised warrants lapse 30 days later.
Proceeds will fund exploration of the East Sudbury Project. All securities carry a four-month-plus-one-day hold. Closing is subject to TSX Venture Exchange acceptance.
Canuc Resources (OTCQB: CNUCF) reported results from the first three diamond drill holes testing Gold Lens 1 at its 100% owned East Sudbury Project on December 1, 2025. The program targets a near-surface, Fe-chlorite hosted gold zone that outcrops beside the past-producing North Pit Gold Mine.
Key results: SM-25-120 returned 10.0 m @ 5.11 g/t Au (14.5–24.5 m), including 5.0 m @ 10.02 g/t Au and 1.0 m @ 40.9 g/t Au. True width at this location is estimated at ~90%. Holes SM-25-118 and SM-25-119 did not intersect the main zone.
The company plans a maiden resource estimate for Gold Lens 1 and further exploration across the ~80 m strike where widths of 3–5 m have been observed.
Canuc (OTCQB: CNUCF) announced that Natural Resources Canada has commissioned a seismic survey for early 2026 on the McLaren Lake Fault Zone within Canuc's 100% owned East Sudbury Project (ESP).
The work, to be performed by Optiseis Solutions Ltd., will target Metasomatic Iron Alkali Calcic (MIAC) signatures and potential IOCG-affiliated copper, gold and cobalt systems using surface seismic surveys combined with fiber-optic borehole sensing to image faults, fractures and alteration zones. Canuc acquired 100% of ESP on May 8, 2025. Technical information was reviewed by Seymour Sears, P.Geo.
Canuc Resources (OTCQB: CNUCF) has begun a diamond core drilling program at its East Sudbury Project (ESP) after acquiring 100% ownership on May 8, 2025. The company verified historical gold assays and identified multiple gold prospects near historic mine workings.
Key facts: 32,685 m of drill core is stored on site; historical assays in the target zone range up to 735.51 g/t Au (0.96 m) and include 36.27 g/t Au over 12.27 m. At least 46 historic holes previously intersected the zone. A minimum of 15 holes are planned in this phase to provide infill data aimed at producing a maiden Mineral Resource Estimate for Gold Lens 1.
Canuc Resources (OTCQB:CNUCF) completed a gold assay verification program at the East Sudbury Project (ESP) using 85 reject samples from 17 holes plus reference materials.
The work confirms historical gold assays across 32,685 m of core, finding close agreement overall (original average 3.82 g/t Au vs reject average 3.92 g/t Au) and good correlation for samples 5 g/t; higher variability occurs above 5 g/t due to coarse visible gold. Canuc acquired ESP on and will use larger 50 g samples and metallic screen assays for >5 g/t results going forward.
Canuc Resources (OTCQB: CNUCF) has provided an update on its recently acquired East Sudbury Project (ESP), obtained through the May 8, 2025 acquisition of MacDonald Mines Exploration. The ESP spans approximately 197 square kilometers and consists of 906 unpatented mining claims and 6 Mining Leases.
The project features three significant gold lenses, with Gold Lens 1 showing high-grade intersections of 36.27 g/t Au over 12.27m. A 15-hole drilling program is scheduled for October 2025 to establish a maiden resource. The historical Scadding Gold Mine on the property previously produced 140,000 tonnes at 7.22 g/t Au.
The property demonstrates strong IOCG (Iron Oxide-Copper-Gold) potential, particularly along the McLaren Lake Fault Zone. Notable copper-gold mineralization includes historical production of 6,300 tonnes grading 1% Cu and 5.67 g/t Au from the Alwyn prospect in 1902.