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Kenorland Minerals provides a comprehensive update on its 2024 exploration activities, partnerships, financial position, and key project developments. The company anticipates over $24.0 million in exploration expenditures, with a current working capital of $23.5 million. Significant high-grade gold results were reported from the Frotet Project in Quebec, with ongoing drilling programs at the Regnault gold deposit. Various other projects in Quebec, Ontario, Manitoba, Saskatchewan, British Columbia, and Alaska are progressing with exploration activities and partnerships with Sumitomo, Newmont, and Centerra Gold. The company plans to conduct detailed fieldwork, regional surveys, and drill targeting across its diverse portfolio of projects.
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-0.5%
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Kenorland Minerals completes the 2024 winter exploration program at the Frotet Project in Northern Quebec, reaching a major milestone with over 100,000 meters drilled. The company holds a 4% NSR Royalty and is the temporary operator on the Project. Assay results from the drill program are expected to be reported over the coming months, with a focus on high-grade gold discovery at Regnault.
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0.09%
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Kenorland Minerals announces the implementation of a normal course issuer bid (NCIB) approved by the TSX Venture Exchange. The NCIB allows the company to purchase up to 3,218,420 common shares, representing approximately 5% of the outstanding shares. The purchases will be made at prevailing market prices and all shares will be canceled. Haywood Securities Inc. will act as the broker for the NCIB. The Board of Directors believes that the current market price does not reflect the company's underlying value, making the shares potentially attractive for investment. None of the company's directors, senior officers, or insiders have plans to sell shares during the NCIB.
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2.58%
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Kenorland Minerals announces the termination of the earn-in option agreement with Antofagasta PLC, making Kenorland the 100% owner of the Tanacross Project in Alaska. The Company plans to focus on untested drill targets, particularly South Taurus, showing strong evidence of a concealed copper system. Exploration activities have highlighted significant geophysical anomalies and widespread soil anomalism, indicating potential mineralization. Kenorland is actively seeking partnership opportunities for future drill programs.
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Kenorland Minerals receives a $300,000 grant from the Manitoba Mineral Development Fund to support exploration activities at the South Thompson Project in Manitoba. The grant aims to boost mineral and economic development in northern Manitoba, strengthen the mining value chain, and support communities impacted by mining activity.
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2.67%
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Kenorland Minerals (KLDCF) receives a $200,000 grant from the government of Ontario under the Ontario Junior Exploration Program to support early-stage exploration at the South Uchi Project in the Red Lake District. The CEO expresses gratitude for the support, emphasizing the importance of such programs for the mining industry in Ontario.
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0.07%
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Kenorland Minerals Ltd. announces Sumitomo Metal Mining Canada Ltd.'s intent to exercise its 'top-up right' to retain a 10.1% interest in the Company. 24,075 common shares will be issued at $0.70 per share for a total of $16,852.50.
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2.62%
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Kenorland Minerals Ltd. announces results from its 2023 large-scale geochemical surveys at the South Uchi Project, revealing a widespread gold anomaly at the Papaonga target area. The Company plans detailed follow-up exploration in 2024 to generate drill targets in the prolific Red Lake Mining District.
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1.85%
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Kenorland Minerals Ltd. (KLDCF) receives UL ECOLOGO Certification for Mineral Exploration Companies, demonstrating commitment to environmental and social practices. The certification process involved a rigorous audit evaluating various aspects of responsible development.
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0.27%
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Kenorland Minerals Ltd. (KLDCF) reports final drill results from the 2023 fall drill program at the Frotet Project in Quebec. The company exchanged its 20% interest in the project for a 4.0% net smelter return royalty with Sumitomo. High-grade gold mineralization was found in various drill holes, showcasing the potential of the Regnault gold deposit.
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1.94%
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KENORLAND MINERALS LTD
OTC:KLDCF
KLDCF Rankings
KLDCF Stock Data
38.79M
41.26M
36.34%
12.51%
Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
United States of America
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