Kenadyr Metals to become Algo Grande Copper, aims for 100% Adelita project ownership

Kenadyr Metals Corp. is set to change its name to Algo Grande Copper Corp. and initiate a reactivation on the TSX Venture Exchange. As part of this strategic shift, the company is moving to acquire 100% ownership of the Adelita copper-gold-silver project located in Sonora, Mexico. This move signals a new focus on high-grade copper assets across North America.

The company has concurrently launched a $3 million financing in the form of subscription receipts priced at $0.375 per share. The proceeds are earmarked for exploration and growth initiatives. Algo Grande has finalized an agreement to acquire the remaining 20% interest in the Adelita project, consolidating its control over the district-scale asset.

Algo Grande has assembled a technical team led by Dr. Peter Megaw, a co-founder of MAG Silver. Gord Neal, an executive with over 30 years of experience in metals and mining, will join the company's board. This leadership aims to leverage their proven track record in mineral exploration and development.

The Adelita project, situated in the Sonora-Arizona Copper Belt, encompasses a near-surface, high-grade skarn system with copper, gold, and silver. It features multiple untested skarn targets and a significant 4.5 km porphyry anomaly. The company plans to commence its inaugural drill program in the fall of 2025, utilizing over $8 million in historical exploration data from the property.