Kenorland Minerals Ltd. reports developments tied to a Canadian mineral exploration portfolio focused on gold and other mineral targets in Ontario and Quebec. Recurring updates cover drilling programs at projects such as South Uchi, exploration work on 100%-owned properties, NI 43-101 technical reports, mineral resource disclosures, and project-level royalty interests.
Company news also includes option, earn-in and joint venture arrangements, project acquisitions or dispositions, TSX Venture Exchange-related share issuances, and investor-rights activity involving strategic shareholders. These releases document how Kenorland advances exploration targets, manages project ownership, and retains royalty exposure within its portfolio.
Kenorland Minerals (KLD, KLDCF) announced that Franco-Nevada (FNV) acquired 10,000,000 common shares, becoming a shareholder through private agreements with existing holders.
The purchase represents approximately 12.42% of Kenorland's outstanding common shares. Franco-Nevada paid $2.22 per share, for an aggregate purchase price of $22.2 million. It acquired 7,950,000 shares from John Tognetti and 2,050,000 shares from Kenorland President and CEO Zach Flood.
Tognetti's holdings fell from 11,115,603 shares, approximately 13.80% of outstanding shares, to 3,165,603 shares, approximately 3.93%. He ceased to be a Kenorland insider following the transaction. Flood continues to hold 3,422,888 shares. Franco-Nevada acquired its shares for investment purposes. Both Franco-Nevada and Tognetti will file early warning reports under applicable securities laws.
Kenorland Minerals (KLDCF) completed share issuances under Sumitomo Metal Mining Canada’s and Centerra Gold’s top-up rights, raising $114,393.41 in gross proceeds.
The company issued 45,794 shares at $2.498 per share. Sumitomo received 23,126 shares to retain its 10.1% interest, while Centerra received 22,668 shares to retain its 9.9% interest. The shares carry a statutory hold period expiring February 2, 2027.
Sumitomo’s ownership above 10% made its transaction a related-party transaction under minority shareholder protection rules. Kenorland relied on exemptions from formal valuation and minority shareholder approval requirements because the fair market value of either transaction did not exceed 25% of its market capitalization. The top-up rights were granted under investor rights agreements dated November 3, 2021, and May 28, 2024.
Kenorland Minerals (KLDCF) reported assays from 20 exploration holes at Quebec's Frotet Project, including drilling outside Regnault's resource estimate.
The fall 2025 and winter 2026 programs totaled 14,980 metres. At R11, hole 25RDD269 cut 2.35 metres grading 71.89 grams of gold per tonne, while hole 26RDD273 cut 73.42 metres at 2.24 grams per tonne. At R6, hole 26RDD287 cut 14.25 metres at 9.72 grams per tonne; an infill hole cut 7.45 metres at 14.79 grams per tonne.
The drilling followed the cutoff for Regnault's maiden inferred resource of 2.55 million ounces of gold. Kenorland holds a 4% net smelter return royalty across Frotet, which Sumitomo Metal Mining Canada owns and operates.
Kenorland Minerals (KLDCF) will issue 45,794 common shares at $2.498 per share for total proceeds of $114,393.41 following notices from Sumitomo Metal Mining Canada and Centerra Gold to exercise their contractual top-up rights related to recent share issuances.
Subject to TSX Venture Exchange approval, 23,126 shares will be issued to Sumitomo to maintain its 10.1% interest and 22,668 shares to Centerra to maintain its 9.9% interest. The issuances are made under existing investor rights agreements, which, along with a three-way acknowledgement governing equity participation procedures, are available on Kenorland’s SEDAR+ profile. Kenorland highlights its 4% net smelter return royalty on the Frotet Project in Quebec, which hosts the Regnault gold system with an Inferred Mineral Resource of 14.5 Mt at 5.47 g/t Au for 2.55 Moz of gold.
Kenorland Minerals (KLDCF) reported assay results from its 4,089-metre, nine‑hole maiden diamond drill program at the Western Wabigoon Project’s W2 target in northwestern Ontario. Gold mineralisation was intersected in eight of nine holes, confirming a shear‑hosted, gold-bearing hydrothermal system along the tested strike.
Broad low‑grade zones included 37.75m at 0.30 g/t Au (incl. 17.05m at 0.47 g/t Au) in hole 26DFDD004 and 23.90m at 0.25 g/t Au (incl. 1.25m at 2.28 g/t Au) in 26DFDD007. A high‑grade interval in 26DFDD003 returned 1.05m at 204.34 g/t Au, including 0.50m at 428.50 g/t Au. Heavy mineral concentrate till sampling expanded the W2 gold grain anomaly to the northwest and outlined the high‑priority W2 North and W1 North targets along the Manitou‑Dinorwic Deformation Zone. Kenorland also closed the acquisition of the Golden Sidewalk Project from Prosper Gold.
Kenorland Minerals (OTCQX: KLDCF) announced the start of a Phase 2 diamond drill program at the Opinaca Project in Quebec, operated by Kenorland and 100% owned by Targa Exploration. Kenorland holds a 3% NSR royalty on the project.
According to Kenorland, Targa has approved a $3.9 million 2026 summer exploration budget, including up to 4,400m of diamond drilling, mapping and prospecting. Drilling will focus on following up high-grade, widespread gold mineralisation from the Q4 2025 maiden program and testing regional targets, with completion expected in early September.
The Opinaca Project covers 85,267 hectares in the James Bay region and hosts a continuous ~7km prospective gold trend defined by gold-in-till and gold grain anomalies. The 2025 drilling confirmed a widespread intrusion-hosted gold system over a ~4km target area, with mineralisation remaining open in multiple directions.
Kenorland Minerals (OTCQX: KLDCF) completed its maiden diamond drill program at the Western Wabigoon Project in Ontario, under option with a Centerra Gold subsidiary. The 2026 summer campaign drilled 4,089 metres in nine holes at the W2 target, confirming shear zones, alteration, sulphide mineralisation and local visible gold. Assay results are expected by mid- to late Q3, after which next exploration steps will be decided.
Kenorland Minerals (OTCQX: KLDCF) and Auranova Resources announced a 24 line-kilometre induced polarisation (IP) survey at the South Uchi Project in Ontario. The work targets the North Papa gold trend within the Papaonga area to characterise the mineralised corridor and refine future drill targeting beneath glacial cover.
Kenorland Minerals (OTCQX: KLDCF) completed the exercise of Sumitomo and Centerra's top-up rights, allowing them to maintain 10.1% and 9.9% ownership, respectively. The company issued 314,392 shares at $2.136 each, raising $671,541.31 in gross proceeds.
The shares, including 158,768 to Sumitomo and 155,624 to Centerra, are subject to a hold period expiring October 20, 2026. As Sumitomo owns over 10%, the deal is a related party transaction under MI 61-101, with Kenorland using available valuation and minority approval exemptions.
Kenorland Minerals (OTCQX: KLDCF, TSXV: KLD) agreed to acquire a 100% interest in the Golden Sidewalk Project from Prosper Gold for $1,000,000 in cash.
The asset will be integrated into Kenorland's recently staked Central Uchi Project, now totaling about 75,913 hectares in Ontario's Birch-Uchi Greenstone Belt, ~60 km east of Red Lake.