Business
Kenorland Options the Flora, Western Wabigoon and Algoman Projects to Centerra Gold
Vancouver, British Columbia--(Newsfile Corp. - June 25, 2025) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("Kenorland" or the "Company") is pleased to announce that it has entered into a definitive agreement dated June 24, 2025 (the "Agreement") with Thompson Creek Metals Company Inc., a subsidiary of Centerra Gold Inc. ("Centerra"), pursuant to which the Company has agreed to grant to Centerra the right to acquire up to a 70% interest in ...
About this update from Centerra Gold Inc.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - June 25, 2025) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("Kenorland" or the "Company") is pleased to announce that it has entered into a definitive agreement dated June 24, 2025 (the "Agreement") with Thompson Creek Metals Company Inc., a subsidiary of Centerra Gold Inc. ("Centerra"), pursuant to which the Company has agreed to grant to Centerra the right to acquire up to a 70% interest in the Flora, Western Wabigoon and Algoman Projects (collectively, the "Projects"), located in Northwestern Ontario.","length":627,"tagName":"p"},{"type":"text","content":"Figure 1. Flora, Western Wabigoon and Algoman Project locations","length":63,"tagName":"p"},{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","className":"","disableSlideshowImg":false,"size":{"original":{"width":550,"height":334,"url":"https://media.zenfs.com/en/newsfile_64/a2e35539cd754b0d23153a58fd8ed9fc"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/JCGkm4bvXH05MHX0KnC0QA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTU4MztjZj13ZWJw/https://media.zenfs.com/en/newsfile_64/a2e35539cd754b0d23153a58fd8ed9fc","width":550,"height":334}},"href":"https://images.newsfilecorp.com/files/6489/256768_7769974e04978bf0_001full.jpg","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/6489/256768_7769974e04978bf0_001full.jpg","length":137,"tagName":"p","attribs":{}},{"type":"text","content":"Option Agreement","length":16,"tagName":"p"},{"type":"text","content":"First Option","length":12,"tagName":"p"},{"type":"text","content":"Pursuant to the Agreement, Centerra would have the option (the "First Option") to acquire an initial 51% interest (the "Initial Interest") in the Projects by incurring an aggregate of C$10,000,000 in qualifying exploration expenditures within three years of the Agreement, including C$3,500,000 within the first year. The First Option requires the completion of at least 10,000 metres of diamond drilling during the earn-in period.","length":451,"tagName":"p"},{"type":"text","content":"Second Option","length":13,"tagName":"p"},{"type":"text","content":"Upon exercising the First Option, Centerra will hold an exc...