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Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) is a well-financed mineral exploration company based in Vancouver, British Columbia, Canada. With a focus on project generation and early-stage exploration in North America, Kenorland has a strong working capital position of approximately $23.5 million. The company holds a 4% net smelter return royalty on the Frotet Project in Quebec, which hosts the Regnault gold system, a greenfields discovery made in 2020. Kenorland has completed various exploration activities in Quebec, Ontario, Manitoba, Saskatchewan, British Columbia, and Alaska, partnering with companies like Sumitomo Metal Mining Canada Ltd., Newmont Corporation, Centerra Gold Inc., and Antofagasta plc. Recent strategic investments and private placements have positioned Kenorland for continued growth and exploration success.
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Kenorland Minerals Ltd. announces the commencement of diamond drilling at the O'Sullivan Project in Quebec, with a total budget of C$1.71 million for the Winter 2024 exploration program. The maiden drill program will include up to 4,150m of diamond drilling, aimed at testing a number of interpreted structure orientations and coincident geophysical features within the mapped northeast trending deformation zone. The drill program was designed to test a 1.6 kilometer strike length of the northeast trending deformation zone along a significant inflection in the granitoid margin, coincident with interpreted east-west structure intersections.
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Kenorland Minerals Ltd. announces the commencement of the 2024 winter exploration program at the Frotet Project in northern Quebec. The company will exchange its 20% interest in a joint venture with Sumitomo Metal Mining Canada Ltd. for a 4% NSR royalty. The Winter 2024 program will include up to 17,600m of diamond drilling at the Regnault gold discovery. The priority objective is to increase confidence of the vein system geometry and grade continuity along the R1, R5, R6 and R7 mineralised structures and to determine how these structures intersect with the R2, R3, and R8 trends.
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Kenorland Minerals Ltd. has entered into two option agreements to acquire a 100% interest in the Stormy Project and the Goldstorm Project located in Ontario, Canada. The company plans large-scale systematic geochemical and prospecting surveys across all projects in the region for the upcoming summer field season. The terms of the agreements include cash payments, issuances of common shares, and net smelter return royalties for both projects.
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Kenorland Minerals Ltd. announces a definitive agreement with Sumitomo Metal Mining Canada Ltd. to exchange its 20% participating interest in the Frotet Project for a 4.0% net smelter return royalty. The transaction will consolidate 100% ownership of the Project under Sumitomo, allowing Kenorland to focus on generating new discoveries while retaining substantial upside in the Frotet Project and the Regnault gold discovery. The transaction is subject to regulatory approvals and will involve a transition of operatorship to Sumitomo. The Fall 2023 exploration program has concluded with 11,918m of drilling at the Regnault gold discovery and a large-scale surface geochemical program, with complete assay results to be reported soon. The upcoming 2024 winter drill program will commence later this month.
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Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) announces an update on its 2023 exploration activities, with a forecasted $31.4 million in exploration expenditures, $3.2 million in revenue, and a cash position of $24 million. The update includes significant findings in Quebec, Ontario, Manitoba, BC, and Alaska, under agreements with Sumitomo, Newmont, Centerra, and Antofagasta.
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Kenorland Minerals announces commencement of fall exploration program at Frotet Project in Quebec
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Kenorland Minerals announces Sumitomo's intent to exercise 'top-up right' and retain 10.1% interest in the Company.
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Kenorland Minerals announces positive results of additional metallurgical testing on the Regnault gold system in northern Quebec
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FAQ
What is the current stock price of KENORLAND MINERALS (KLDCF)?
The current stock price of KENORLAND MINERALS (KLDCF) is $0.8391 as of October 15, 2024.
What is the market cap of KENORLAND MINERALS (KLDCF)?
The market cap of KENORLAND MINERALS (KLDCF) is approximately 68.3M.
What is Kenorland Minerals Ltd. focused on?
Kenorland Minerals Ltd. is focused on project generation and early-stage exploration in North America.
Where is Kenorland Minerals Ltd. based?
Kenorland Minerals Ltd. is based in Vancouver, British Columbia, Canada.
What is Kenorland's working capital position?
Kenorland has a strong working capital position of approximately $23.5 million.
What royalty does Kenorland hold on the Frotet Project?
Kenorland holds a 4% net smelter return royalty on the Frotet Project in Quebec.
What was the recent private placement about?
Kenorland completed a non-brokered C$9.86 million private placement of flow-through shares for exploration activities.
Who are some of Kenorland's strategic partners?
Kenorland has partnered with companies like Sumitomo Metal Mining Canada Ltd., Newmont Corporation, Centerra Gold Inc., and Antofagasta plc.
What projects has Kenorland explored recently?
Kenorland has completed exploration activities in Quebec, Ontario, Manitoba, Saskatchewan, British Columbia, and Alaska.
What recent investments have been made in Kenorland?
Recent investments include Centerra acquiring approximately 9.9% of Kenorland's issued and outstanding common shares.
What is the focus of Kenorland's exploration activities?
Kenorland's recent exploration activities focus on advancing and expanding multiple greenfields exploration initiatives in North America.
What are the key objectives of Kenorland's recent projects?
The key objectives include completing property-wide and follow-up geochemical surveys in Quebec, Ontario, and Manitoba, as well as exploring accretive opportunities for increased shareholder value.
KENORLAND MINERALS LTD
OTC:KLDCF
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68.27M
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34.15%
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