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Kenadyr Metals to Become Algo Grande Copper, Secures Path to 100% Ownership of the Adelita Project, TSXV Reactivation, $3M Financing and Board Changes
Kenadyr Metals to be renamed Algo Grande Copper Corp., applying to complete TSXV reactivation ...
About this update from Algo Grande Copper Corp.
[{"type":"text","content":"Kenadyr Metals to Become Algo Grande Copper, Secures Path to 100% Ownership of the Adelita Project, TSXV Reactivation, $3M Financing and Board ChangesKenadyr Metals to be renamed Algo Grande Copper Corp., applying to complete TSXV reactivationKenadyr has entered into agreements to acquire a 100% interest in the high-grade Adelita Copper-Gold-Silver Project, a district-scale opportunity in the prolific Sonora-Arizona Copper Belt. This includes the previously announced agreement to acquire an initial 80% interest (see news release dated June 20, 2025)Technical team led by Dr. Peter Megaw, co-founder of MAG Silver and key figure behind multiple major Mexican discoveries. Gord Neal, a key executive in the value creation of MAG Silver to join the Company's BoardLaunch of $3 million subscription receipt financing at $0.375 to fund exploration and growth initiativesNot for distribution to United States newswire services or for release publication, distribution, or dissemination directly, or indirectly, in whole or in part, in or into the United States.Vancouver, British Columbia--(Newsfile Corp. - August 18, 2025) - Kenadyr Metals Corp., to be renamed Algo Grande Copper Corp. (TSXV: KEN.H) (OTC: KNDYF) (\"Algo Grande\"), announces the launch of its copper-focused growth strategy with the proposed reactivation on the TSX Venture Exchange. As part of the transaction, Algo Grande is consolidating 100% ownership of the 5,985-hectare Adelita Project, having signed a definitive agreement to acquire the remaining 20% interest. This builds on the initial agreement to acquire an 80% stake, securing full control of the district-scale asset (see news release date June 20, 2025). Located in the Sonora-Arizona Copper Belt, the project is anchored by a near-surface, high-grade Cu-Au-Ag skarn system, multiple untested skarn targets, and a 4.5 km porphyry anomaly. Algo Grande is advancing a North America-focused high-grade copper strategy, aiming to unlock shareholder value through modern, data-driven exploration. The company has assembled an experienced and well-rounded team with deep technical expertise and capital markets experience. The company is pleased to announce that Gord Neal plans to join the Board in connection with the completion of the acquisition of the Adelita Project. Mr. Neal has more than 30 years of management experience in ...