CNRC REPORTS Q1 2025 FINANCIALS PERIOD ENDING MARCH 31, 2025
Cunningham Natural Resources Corp. (OTC: CNRC) reported its Q1 2025 financial results, showing a decline in key metrics compared to Q1 2024. Revenue decreased to $3.92 million from $4.29 million, while earnings dropped to $2.65 million from $2.74 million. Total assets declined to $73.21 million from $83.94 million, with a NAV of $0.18 per share.
The company announced signing a significant Letter of Intent (LOI) on April 10, 2025, to collaborate with JV Partners on opportunities with Indian Oil Parties. The project includes potential funding of up to $1 billion, with $50 million allocated for existing and new oil wells in West Virginia and similar U.S. assets. This initiative aligns with the India-USA bilateral trade agreement鈥擬ission 500, which aims to increase trade from $190 billion to $500 billion by 2030.
Cunningham Natural Resources Corp. (OTC: CNRC) ha riportato i risultati finanziari del primo trimestre 2025, evidenziando un calo dei principali indicatori rispetto al primo trimestre 2024. I ricavi sono diminuiti a 3,92 milioni di dollari da 4,29 milioni, mentre gli utili sono scesi a 2,65 milioni di dollari da 2,74 milioni. Il totale degli attivi si 猫 ridotto a 73,21 milioni di dollari da 83,94 milioni, con un NAV di 0,18 dollari per azione.
L'azienda ha annunciato la firma di una importante Lettera di Intenti (LOI) il 10 aprile 2025, per collaborare con JV Partners su opportunit脿 con le Parti Indian Oil. Il progetto prevede un possibile finanziamento fino a 1 miliardo di dollari, di cui 50 milioni destinati a pozzi petroliferi esistenti e nuovi in West Virginia e altre attivit脿 simili negli Stati Uniti. Questa iniziativa 猫 in linea con l'accordo commerciale bilaterale India-USA鈥擬ission 500, che punta ad aumentare gli scambi da 190 miliardi a 500 miliardi di dollari entro il 2030.
Cunningham Natural Resources Corp. (OTC: CNRC) inform贸 sus resultados financieros del primer trimestre de 2025, mostrando una disminuci贸n en los indicadores clave en comparaci贸n con el primer trimestre de 2024. Los ingresos bajaron a 3,92 millones de d贸lares desde 4,29 millones, mientras que las ganancias cayeron a 2,65 millones de d贸lares desde 2,74 millones. Los activos totales disminuyeron a 73,21 millones desde 83,94 millones, con un NAV de 0,18 d贸lares por acci贸n.
La compa帽铆a anunci贸 la firma de una importante Carta de Intenci贸n (LOI) el 10 de abril de 2025, para colaborar con socios JV en oportunidades con las partes de Indian Oil. El proyecto incluye un financiamiento potencial de hasta 1.000 millones de d贸lares, con 50 millones asignados para pozos petroleros existentes y nuevos en Virginia Occidental y activos similares en EE.UU. Esta iniciativa est谩 alineada con el acuerdo bilateral comercial India-EE.UU.鈥擬isi贸n 500, que busca aumentar el comercio de 190.000 millones a 500.000 millones de d贸lares para 2030.
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Cunningham Natural Resources Corp. (OTC : CNRC) a publi茅 ses r茅sultats financiers du premier trimestre 2025, montrant une baisse des indicateurs cl茅s par rapport au premier trimestre 2024. Le chiffre d'affaires a diminu茅 脿 3,92 millions de dollars contre 4,29 millions, tandis que les b茅n茅fices sont pass茅s 脿 2,65 millions de dollars contre 2,74 millions. Le total des actifs a baiss茅 de 83,94 millions 脿 73,21 millions de dollars, avec une valeur nette d'inventaire (NAV) de 0,18 dollar par action.
L'entreprise a annonc茅 la signature d'une importante lettre d'intention (LOI) le 10 avril 2025, pour collaborer avec des partenaires JV sur des opportunit茅s avec les parties Indian Oil. Le projet pr茅voit un financement potentiel allant jusqu'脿 1 milliard de dollars, dont 50 millions destin茅s aux puits de p茅trole existants et nouveaux en Virginie-Occidentale ainsi qu'脿 des actifs similaires aux 脡tats-Unis. Cette initiative s'inscrit dans le cadre de l'accord commercial bilat茅ral Inde-USA鈥擬ission 500, qui vise 脿 augmenter les 茅changes de 190 milliards 脿 500 milliards de dollars d'ici 2030.
Cunningham Natural Resources Corp. (OTC: CNRC) meldete seine Finanzergebnisse f眉r das erste Quartal 2025 und zeigte einen R眉ckgang wichtiger Kennzahlen im Vergleich zum ersten Quartal 2024. Der Umsatz sank auf 3,92 Millionen US-Dollar von 4,29 Millionen, w盲hrend der Gewinn auf 2,65 Millionen US-Dollar von 2,74 Millionen zur眉ckging. Die Gesamtverm枚genswerte verringerten sich von 83,94 Millionen auf 73,21 Millionen US-Dollar, mit einem NAV von 0,18 US-Dollar je Aktie.
Das Unternehmen gab am 10. April 2025 die Unterzeichnung eines bedeutenden Letter of Intent (LOI) bekannt, um mit JV-Partnern bei Chancen mit Indian Oil Parteien zusammenzuarbeiten. Das Projekt umfasst eine potenzielle Finanzierung von bis zu 1 Milliarde US-Dollar, wobei 50 Millionen f眉r bestehende und neue 脰lquellen in West Virginia sowie 盲hnliche US-Verm枚genswerte vorgesehen sind. Diese Initiative steht im Einklang mit dem bilateralen Handelsabkommen Indien-USA鈥擬ission 500, das darauf abzielt, den Handel von 190 Milliarden auf 500 Milliarden US-Dollar bis 2030 zu steigern.
- Secured LOI for potential $1 billion funding opportunity with Indian partners
- $50 million earmarked for well development in West Virginia and U.S. assets
- Strategic alignment with India-USA bilateral trade agreement (Mission 500)
- Maintained profitability with $2.65 million in earnings
- Revenue declined 8.7% YoY to $3.92 million in Q1 2025
- Earnings decreased 3.1% YoY to $2.65 million
- Total assets dropped 12.8% YoY to $73.21 million
Signs Letter of Intent to pursue
Financial Results: Q1 2025 ending March 31, 2025, vs Q1 2024 ending March 31, 2024
- Total revenue for three months was
$ 3,917,490 $4,292,940 - Total earnings for three months were
$ 2,652,116 $2,736,961 - Total assets for the period were
$ 73,208,039 $83,937,011 - The company recorded a net asset value (NAV) of
$0
The Company also disclosed that on April 10, 2025 the company entered into a Letter of Intent ("LOI") to reflect the mutual intentions of the Company and certain partners (collectively the "JV Partners") to collaborate on a current opportunities with the Nation of
The JV Partners agree to cooperate on all reasonable activities required to enter into an agreement with the Indian Oil Partners to facilitate the goals and objectives of the Project including funding of up to
The opportunity comes at a pivotal time as part of broader strategic developments under the
Frank Kristan, CEO of CNRC, commented on the strategic move: "Meeting with the partners in
About Cunningham Natural Resources Corp
Cunningham Natural Resources Corp () will be focused on traditional oil and gas opportunities and energy transition materials including mining opportunities in copper, lithium, gold, as well as other precious and rare earth metals. The investment focus will be global with sustainability at the core of the strategy.
FORWARD-LOOKING STATEMENTS:
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties.
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Cunningham Natural Resources Corp
500 Virginia Street East, 10th Floor.
Phone: (304) 244-4862
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FAQ
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