Core Viewpoint - Kenadyr Metals Corp. has successfully closed the second tranche of a non-brokered private placement, raising a total of $3,800,000 for the acquisition of the Adelita Project and related expenses [1][4]. Group 1: Financing Details - The second tranche involved the issuance of 1,959,665 subscription receipts at a price of $0.375 each, generating gross proceeds of $734,874.38 [1]. - The total gross proceeds from the Offering, including the first tranche, amount to $3,016,388.13 [1]. - The Offering has been upsized from an initial target of $3,000,000 to $3,800,000 [4]. Group 2: Use of Proceeds - Proceeds from the Offering will be allocated towards exploration expenses, property payments for the Adelita Project, salaries, consulting fees, marketing, investor relations, and general administrative expenses [4]. - The funds will also cover existing accounts payable and loan repayments [4]. Group 3: Project Overview - The Adelita Project includes the Cerro Grande skarn, a high-grade Cu-Au-Ag system located in Sonora, Mexico, with over 7,000 meters of historical drilling and multiple untested targets [10]. - The project is being advanced using AI-assisted 3D geophysical modeling to refine drill targets and guide potential resource delineation [10]. Group 4: Future Expectations - The company anticipates closing the third and final tranche of the Offering in due course, pending approval from the TSX Venture Exchange [5].

Company Overview - Kenadyr Metals Corp. is set to be renamed Algo Grande Copper Corp. and is focused on high-grade copper exploration in the Sonora-Arizona Copper Belt, a region known for its productivity comparable to Chile's Andean Belt [6]. - The company is acquiring the Adelita Project, which features the Cerro Grande skarn, a high-grade, near-surface Cu-Au-Ag system located in Sonora, Mexico [7]. Financial Details - The first tranche of a non-brokered private placement has closed, involving 6,034,036 subscription receipts priced at $0.375 each, resulting in gross proceeds of $2,262,763.50 [1]. - Cash finder's fees of $102,865.09 were paid, along with the issuance of 274,307 finder's warrants, each exercisable for an additional common share at the same price of $0.375 [3]. Project and Use of Proceeds - Proceeds from the offering will be held in escrow and, upon release, will be allocated to payment obligations and exploration expenditures related to the Adelita Project, as well as for general working capital [2]. - The Adelita Project has over 7,000 meters of historical drilling and extensive geophysical data, with plans to utilize AI-assisted 3D geophysical modeling to refine drill targets [7]. Regulatory and Approval Status - The offering is subject to the approval of the TSX Venture Exchange (TSXV) [5]. - Each subscription receipt will convert into one common share upon meeting certain escrow release conditions, including the completion of the proposed transaction and TSXV approval [2].

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].