Welcome to our dedicated page for Kenorland Minerals Ltd. news (Ticker: KLDCF), a resource for investors and traders seeking the latest updates and insights on Kenorland Minerals Ltd. stock.
Kenorland Minerals Ltd (KLDCF) is a mineral exploration leader focused on systematic discovery of North American mineral resources. This news hub provides investors and industry observers with comprehensive updates on the company's exploration programs, strategic partnerships, and project developments.
Access verified information about Kenorland's activities including drilling results, royalty agreements, and joint venture announcements. The company's phased exploration strategy – spanning glacial till surveys to diamond drilling – is documented through official press releases and factual reporting.
Key updates cover resource definition at projects like South Thompson Nickel, partnership developments with groups including Sumitomo Metal Mining, and technical advancements in geochemical analysis methods. All content maintains strict compliance with NI 43-101 standards for mineral disclosure.
Bookmark this page for direct access to Kenorland's corporate announcements, ensuring you stay informed about new discoveries and operational milestones in North America's mineral exploration sector.
Kenorland Minerals (TSXV: KLD) (OTCQX: KLDCF) has announced that both Sumitomo Metal Mining Canada and Centerra Gold will exercise their 'top-up rights' to maintain their respective ownership stakes in the company.
The company will issue a total of 209,054 common shares at $1.533 per share, raising aggregate consideration of $320,479.78, subject to TSX Venture Exchange approval. Specifically, 105,572 shares will be issued to Sumitomo to maintain its 10.1% interest, while 103,482 shares will go to Centerra to retain its 9.9% stake.
These actions are being taken in accordance with the Sumitomo Investor Rights Agreement (dated November 5, 2021) and the Centerra Investor Rights Agreement (dated May 28, 2024).
Kenorland Minerals (TSXV: KLD) (OTCQX: KLDCF) has received TSXV approval for a new normal course issuer bid (NCIB), effective April 10, 2025, to April 9, 2026. The company can purchase up to 3,875,552 common shares, representing 5% of outstanding shares as of March 31, 2025, with a 30-day limit of 1,550,221 shares (2% of outstanding).
Purchases will be made through TSXV or alternative Canadian trading systems at prevailing market prices, with all shares being cancelled. Haywood Securities Inc. will act as the broker. The Board believes the current share price may not reflect the company's underlying value and considers the share buyback an appropriate use of financial resources that will benefit continuing shareholders by increasing their equity interest.
Kenorland Minerals (TSXV: KLD) (OTCQX: KLDCF) has launched its maiden diamond drill program at the Hunter Project in Quebec's southern Abitibi greenstone belt, operated under an option agreement with Centerra Gold. The Winter 2025 exploration program includes up to 4,300m of diamond drilling, targeting areas identified through systematic exploration since 2021.
The project revealed a significant multielement Au-Cu-Mo-Ag-W-Bi geochemical anomaly through drill-for-till sonic drilling in 2022 and 2024, spanning a 3.5 by 2.0 kilometre footprint. The target area's geology features felsic volcanic rocks intruded by felsic-intermediate porphyritic rocks, with widespread silica-epidote-sericite±K-feldspar alteration and sulphide mineralization including pyrite, chalcopyrite, and molybdenite.
The mineralization is interpreted as intrusion-related, potentially syn-volcanic or similar to the Duparquet gold deposit located 6.5 kilometres south. The drilling program is expected to conclude in early April 2025.
Kenorland Minerals (TSXV: KLD) (OTCQX: KLDCF) has initiated its Winter 2025 drill program at the Chebistuan Project in Quebec's northern Abitibi greenstone belt, under an exploration agreement with Newmont The program, approved by Newmont, includes up to 3,500m of drilling across 9 drill holes at the Deux Orignaux target area.
This second phase follows up on the initial 2023 program, specifically targeting the mineralized syenite intersected in drill hole 23DODD005, which yielded 157.20m at 0.41 g/t Au including 20.61m at 0.97 g/t Au. The program will also explore additional potential syenite plugs identified through geophysical characteristics. Kenorland remains the project operator, with drilling expected to conclude in early March 2025.
Kenorland Minerals (TSXV: KLD) (OTCQX: KLDCF) has launched its maiden diamond drill program at the South Uchi Project in Ontario's Red Lake District. The Winter 2025 exploration program, backed by an $8.0 million budget from Auranova Resources, will include up to 15,000 meters of diamond drilling at the Papaonga target.
The program will test high-priority structural corridors over a 6km strike length, with approximately 30 drill holes planned. Previous exploration in 2024 revealed significant gold mineralization, with rock sampling assays reaching up to 13.35 g/t Au. The drilling campaign targets three main areas: the sheared margin of the Papaonga diorite, northeast-trending shear zones, and east-west trending shear zones through folded volcanic rocks. The program is expected to conclude in late-March 2025.
Kenorland Minerals (TSXV: KLD) (OTCQX: KLDCF) has launched its 2025 winter exploration program at the Frotet Project in northern Quebec. The program includes up to 23,000m of diamond drilling at the Regnault gold system, following the Summer 2024 program that yielded significant results including 3.30m at 26.67 g/t Au.
The winter program focuses on infill drilling to reduce hole spacing to a maximum of 100m and step-out targets along known mineralized structures. Approximately 80% of planned drilling (26 holes) will target the R1, R5, R6, and R7 structures, while 10% will explore deep extensions of R2, R9, R10, and R11 structures up to 1,000m below surface. The remaining 10% (six holes) will target R2 (west), R3, and R4 vein sets.
The Project is 100% owned by Sumitomo Metal Mining Canada, with Kenorland serving as operator and holding a 4% NSR royalty, subject to certain buy-down rights by Sumitomo.
Kenorland Minerals (TSXV: KLD) (OTCQX: KLDCF) has completed the 'top-up right' exercise with Sumitomo Metal Mining Canada and Centerra Gold, allowing them to maintain their respective 10.1% and 9.9% ownership interests in the company. The transaction involved issuing 63,453 common shares at $1.0492 per share, totaling $66,574.89. These shares are subject to a statutory hold period until April 21, 2025. As Sumitomo owns over 10% of Kenorland's shares, the transaction qualified as a 'related party transaction' under MI 61-101, though exemptions from formal valuation and minority shareholder approval were applied as the value was below 25% of the company's market capitalization.
Kenorland Minerals (TSXV: KLD) (OTCQX: KLDCF) has announced that both Sumitomo Metal Mining Canada and Centerra Gold will exercise their 'top-up rights' to maintain their respective ownership interests in the company. Following this action, Kenorland will issue a total of 63,453 common shares at $1.0492 per share, raising $66,574.89. Specifically, 32,044 shares will be issued to Sumitomo to maintain its 10.1% stake, while 31,409 shares will go to Centerra to maintain its 9.9% interest. The issuance is subject to TSX Venture Exchange approval.
Kenorland Minerals (TSXV: KLD) provided an exploration update across its portfolio of projects. The company reports a working capital of $27.2 million as of October 31, 2024, with total exploration expenditures forecast at over $27.5 million for 2024. Key developments include:
- Exchange of 20% interest in Frotet Project for a 4% NSR royalty
- Completion of 33 diamond drill holes at Regnault gold deposit
- Agreement with Auranova Resources for South Uchi Project earning potential
- Newmont's election to enter Phase 2 of Chebistuan Project earn-in
- Evolution Nickel's acquisition of South Thompson Project
The company granted 5,230,000 stock options to directors, officers, employees and consultants at $1.22 per share for a five-year period.
Kenorland Minerals has announced results from regional exploration campaigns across four projects in Northwestern Ontario: Flora, Western Wabigoon, Algoman, and Stormy Lake. The company collected approximately 12,200 till samples covering 263,500 hectares during the 2024 field season.
Key findings include: At Flora Project, two targets were identified along the Wabigoon Fault, with rock samples showing up to 4.62% Li2O. The Western Wabigoon Project revealed a 19km gold-in-till trend. The Algoman Project identified two distinct Au-As trends, with rock samples showing up to 187.6 g/t Au. The Stormy Lake Project completed first-pass sampling with anomalous gold findings.
The company also announced that its subsidiary granted a 2% net smelter return royalty on claims within Flora, Algoman and Western Wabigoon Projects.
