Kenadyr Metals to Become Algo Grande Copper, Secures Path to 100% Ownership of the Adelita Project, TSXV Reactivation, $3M Financing and Board Changes

Core Viewpoint - Kenadyr Metals Corp. is transitioning to Algo Grande Copper Corp. and is focusing on a copper growth strategy, securing 100% ownership of the Adelita Project, and reactivating its listing on the TSX Venture Exchange [2][5][12]. Company Developments - The company has signed a definitive agreement to acquire the remaining 20% interest in the 5,985-hectare Adelita Project, building on a previous agreement for an 80% stake [2][9]. - The Adelita Project is located in the Sonora-Arizona Copper Belt and features a high-grade Cu-Au-Ag skarn system, multiple untested skarn targets, and a 4.5 km porphyry anomaly [2][10]. Management and Team - Algo Grande has assembled a team with significant experience in the mining sector, including Gord Neal, who has over 30 years of management experience and has raised over $750 million for resource companies [3][6]. - The technical advisory board is led by Dr. Peter Megaw, co-founder of MAG Silver, enhancing the company's exploration capabilities [6][7]. Financial Strategy - The company is launching a $3 million financing initiative through subscription receipts priced at $0.375 each to fund exploration and growth initiatives [5][13]. - Proceeds from the financing will be used for payment obligations, exploration expenditures, and general working capital [14]. Project Highlights - The Adelita Project includes historical drill results such as 47.64m at 1.05% Cu, 0.46 g/t Au, and 46.00 g/t Ag, indicating significant mineral potential [10]. - The project is strategically located in Sonora, Mexico, which accounts for 80% of the country's copper production, benefiting from existing infrastructure [10][12]. Regulatory and Listing Updates - The acquisitions and financing are subject to approval by the TSX Venture Exchange, with the company applying to reactivate its listing from NEX to Tier 2 of the TSXV [12][16]. - The name change to Algo Grande Copper Corp. is anticipated to coincide with the completion of the acquisitions and financing [17].