Kenadyr Metals Completes TSXV Reactivation, Name Change to Algo Grande Copper and 100% Acquisition of the Adelita Project

Core Insights - Algo Grande Copper Corp. has successfully acquired 100% ownership of the 5,895-hectare Adelita Copper-Gold-Silver Project, enhancing its position in the Sonora-Arizona Copper Belt [1][4][11] - The acquisition includes an 80% stake from Infinitum Copper Corp. and a 20% interest from Minaurum Silver Inc., marking a significant milestone for the company [1][6] - The project is anchored by the high-grade Cerro Grande skarn discovery, which remains open along strike and at depth, with an inaugural drilling program currently underway [4][11][12] Acquisition Details - The acquisition was completed through a share purchase agreement with Infinitum and an asset purchase agreement with Minaurum, fulfilling conditions for reactivation on the TSX Venture Exchange [6][8] - Algo Grande will issue 901,600 shares to Infinitum as a post-closing payment related to the financing [7] - The acquisition allows Algo Grande to access and work on the concessions without limitations, pending registration updates [16] Project Overview - The Adelita Project has over US$8 million in historical exploration, including approximately 7,000 meters of drilling and various geophysical surveys [11][32] - Recent reprocessing of legacy data indicates a potential porphyry feeder system at depth beneath the Cerro Grande skarn, suggesting a classic skarn-porphyry mineralization model [12][32] - A Phase 1 program is being executed to delineate the scale of both the high-grade skarn system and the porphyry potential at depth, with a Phase 2 drill program planned for Q2 2026 [12][15] Leadership and Management Changes - Enrico Gay has been appointed as the Chief Executive Officer, and Gord Neal has joined the board of directors, bringing extensive experience in the mining sector [9][10] - The company is strengthening its leadership team to support its growth and exploration initiatives [9] Financial and Operational Updates - Algo Grande has converted 10,198,402 subscription receipts into common shares, with proceeds allocated for exploration expenditures and general working capital [5] - The company has entered into consulting agreements with Euroswiss and GoldInvest to enhance its visibility and investor relations in European markets [20][23][26]