Business
Kenorland Minerals Provides an Exploration Update
Vancouver, British Columbia--(Newsfile Corp. - December 9, 2025) - Kenorland Minerals Ltd. (TSXV:...
About this update from Kenorland Minerals Ltd.
[{"type":"text","content":"Kenorland Minerals Provides an Exploration UpdateVancouver, British Columbia--(Newsfile Corp. - December 9, 2025) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) (\"Kenorland\" or the \"Company\") is pleased to provide an update on its exploration activities across its portfolio of projects in Quebec, Ontario, Manitoba, Saskatchewan, New Brunswick, and Alaska, including partnerships with Sumitomo Metal Mining Canada Ltd. (\"Sumitomo\") and Centerra Gold Inc. (\"Centerra\").As of October 31, 2025, the Company's working capital position was approximately $18.5 million. Forecasted exploration expenditures in 2025 across properties where Kenorland holds direct or royalty interests total over $45.0 million, including approximately $35.3 million funded by partners. Forecasted revenue for the year, including management fees and cash payments, is approximately $4.1 million, with an additional $1.1 million expected from a refundable mining tax credit in 2026. Kenorland also holds equity interests valued at approximately $8.1 million in a portfolio of private and publicly listed companies.Zach Flood, President and CEO of Kenorland, commented: \"Kenorland delivered a highly productive 2025 year of exploration across its North American portfolio, with a steady stream of partner-funded drill programs systematically testing discovery-stage targets. This was highlighted by continued high-grade results from the Regnault gold system at Frotet, now operated by Sumitomo, and where our maiden Mineral Resource Estimate is expected imminently. We also anticipate results from phase 2 drilling at South Uchi with Auranova Resources, and look forward to an upcoming maiden drill program at the West Wabigoon Project in the new year, under a partnership with Centerra Gold. Despite weaker exploration results at projects such as Chebistuan and Tanacross, our business model remains strong, supported by a solid financial position and a replenished pipeline of grassroots projects in Canada. As several new 100%-owned greenfield projects progress through early-stage regional exploration, Kenorland is well positioned for new discovery potential and renewed partnership growth in 2026.\"Frotet Project 4% NSR Royalty, QuebecOn August 25, 2025, Kenorland announced the remaining results from the 2025 winter drill program at the Regnault gold system on t...