XCana Petroleum Corporation
XCPT
Other OTC0.05
USD
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XCana Petroleum Corporation
XCPT
(Other OTC)
Recent
price
0.05
P/E
ratio
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div
yld
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ROIC.AI
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- Business
- XCana Petroleum Corporation (XCPT) is a critical minerals exploration company focused on developing mineral properties containing nickel, copper, cobalt and other critical minerals essential to the United States supply chain. The company holds 100% ownership of its flagship Table Mountain Critical Mineral Project, a 2,430-acre, 118-lode claim property located in the northern Stillwater Range of northeastern Churchill County, Nevada, encompassing the Bolivia, Boyer, Cottonwood Canyon, and Treasure Box Hill districts; this project targets historically identified deposits including the past-producing Boyer Copper Deposit and Treasure Box Hill Copper Prospect. Operations include mineral exploration activities such as site visits by exploration teams, claim expansions, and service agreements for mining property development, with no current oil and gas production activities reported. In September 2023, XCana announced a 248-acre expansion of the Table Mountain project to acquire full ownership rights covering the Treasure Box Hill Copper Prospect; in May 2023, the company completed an 80-acre expansion to encompass the past-producing Boyer Copper Deposit. Further expansions have increased the project's footprint to 2,430 acres as of recent updates. In September 2022, XCana purchased a service agreement with Red Beryl Mining Company, Inc., involving a 2,000-acre mining property acquisition. On July 9, 2024, the company re-domiciled from Nevada to Wyoming. XCana Petroleum targets the critical minerals sector, serving domestic supply chain needs for battery metals and industrial minerals, with primary operations in Nevada, United States. The company maintains subsidiaries historically involved in computer system integration, telecommunications resale, and internet services in Colombia and Latin America, though current emphasis is on minerals exploration. Founded in 1980 as LaPlate Oil and Mining, Inc., in Utah, XCana Petroleum Corporation is headquartered in Chicago, Illinois.
XCana Petroleum Corp. Appoints Aarya Shahsavar, P.Eng. as President
XCana Petroleum Corp. Announces Successful First Site Visit by Exploration Team Locating Potentially Large, Near-Surface Copper Deposits; Video is Attached
XCana Petroleum Corp. Announces Further Expansion onto the Table Mountain Critical Mineral Project to Cover The Treasure Box Hill Copper Prospect