Canuc Completes Share Consolidation

Rhea-AI Summary

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.

Positive

• Post-consolidation common shares: 28,453,148
• Warrants and options adjusted on a 10:1 basis
• New CUSIP 138909502 and ISIN CA1389095029

Negative

• Outstanding share count reduced proportionally by the 10:1 consolidation

Toronto, Ontario--(Newsfile Corp. - February 18, 2026) - Canuc Resources Corporation (TSXV: CDA) (OTCQB: CNUCF) (WKN: A14ZX4) ("Canuc" or the "Company") is pleased to announce that, pursuant to its news release dated February 12, 2026, the Company's common shares have been consolidated at a ratio of ten pre-consolidation shares to one post-consolidation share (the "Consolidation"). The common shares will begin trading on a post-consolidation basis on the TSX Venture Exchange at market open today, February 18, 2026. The Company's new CUSIP number is 138909502 and new ISIN is CA1389095029.

The Company now has 28,453,148 common shares issued and outstanding, and all outstanding warrants and incentive stock options have been adjusted to increase their exercise price by a factor of ten and to reduce the number of common shares issued upon exercise by dividing by ten.

About Canuc Resources Corporation

Canuc Resources Corporation is a junior resource company developing its 100% interest in the East Sudbury Project ("ESP") which spans 19,710 hectares and is centered approximately 20 kilometers northeast of the Prolific Sudbury Mining Camp and near to the extensive infrastructure of the adjacent Sudbury Mining District. ESP encompasses several centers of critical and precious metal mineralization interpreted to be related to a mineral system that can form IOCG and affiliated critical and precious mineral deposits. Included within the Project is the historical Scadding Gold Mine and associated Scadding Gold Tailings Project.

Canuc also holds a 100% interest in the San Javier Silver-Gold Project located in Sonora State, Mexico. The San Javier Silver-Gold Project spans 28 claims covering 1,052 hectares and evidences extensive silver, gold and copper mineralization interpreted to be related to a mineral system that can form silver-dominant IOCG and affiliated deposits.

Canuc generates cash flow from natural gas production at its MidTex Energy Project located in Central West Texas, USA where Canuc has an interest in eight (8) producing natural gas wells and has rights for further in field developments. The Company also receives a 4% Net Smelter Royalty from gold production at the Scadding Gold Tailings Project located on Mining Claim LEA 107735 within the ESP property group.

For further information please refer to the Company website: www.canucresources.ca

For further information please contact:

Canuc Resources Corporation
(416) 525 - 6869
cberlet@canucresources.ca

Forward-Looking Information

This news release contains forward-looking information. All information, other than information of historical fact, constitute "forward-looking statements" and includes any information that addresses activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including the Corporation's strategy, plans or future financial or operating performance.

When used in this news release, the words "estimate", "project", "anticipate", "expect", "intend", "believe", "hope", "may" and similar expressions, as well as "will", "shall" and other indications of future tense, are intended to identify forward-looking information. The forward-looking information is based on current expectations and applies only as of the date on which they were made. The factors that could cause actual results to differ materially from those indicated in such forward-looking information include, but are not limited to, the ability of the Corporation to fund the exploration expenditures required under the Agreement. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in the Corporation's annual financial statements, MD&A and other publicly filed documents.

The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Corporation does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284263

FAQ

When did CNUCF's 10-for-1 share consolidation take effect?

The consolidation took effect on February 18, 2026 at market open. According to the company, post-consolidation trading on the TSX Venture Exchange began at market open on that date, reflecting the new consolidated share structure.

How many common shares does Canuc (CNUCF) have after the consolidation?

Canuc now has 28,453,148 common shares outstanding after the consolidation. According to the company, that is the total issued and outstanding share count following the 10-to-1 consolidation.

How were Canuc's warrants and incentive stock options adjusted after the consolidation?

All outstanding warrants and incentive stock options were adjusted by a factor of ten for exercise price and shares. According to the company, exercise prices increased tenfold and issued shares on exercise were divided by ten.

What are the new CUSIP and ISIN for Canuc (CNUCF) after the consolidation?

Canuc's new identifiers are CUSIP 138909502 and ISIN CA1389095029. According to the company, these replace prior identifiers for post-consolidation trading and recordkeeping.

Will CNUCF trade on a post-consolidation basis immediately, and where?

Yes. CNUCF began trading on a post-consolidation basis on the TSX Venture Exchange at market open on February 18, 2026. According to the company, the consolidated shares are effective for trading on that exchange immediately.

What does the 10-for-1 consolidation mean for existing shareholders of Canuc (CNUCF)?

Existing shareholders received one post-consolidation share for every ten pre-consolidation shares held. According to the company, share counts and option/warrant terms were adjusted proportionally by the 10:1 ratio.