Welcome to our dedicated page for Kenorland Minerals Ltd. news (Ticker: KLDCF), a resource for investors and traders seeking the latest updates and insights on Kenorland Minerals Ltd. stock.
Kenorland Minerals Ltd. (KLDCF) generates frequent news through its mineral exploration, project generation, and royalty activities across North America. Based in Vancouver, British Columbia, the company focuses on greenfields exploration supported by partnerships and option to joint venture agreements, which leads to regular updates on drill programs, resource estimates, and new target definition.
News about Kenorland often highlights developments at the Frotet Project in Quebec, where the company holds a 4% net smelter return royalty. Updates have included the maiden Inferred Mineral Resource for the Regnault gold system and ongoing drilling campaigns operated by Sumitomo Metal Mining Canada Ltd. Investors can also follow announcements on exploration progress at projects such as South Uchi, Western Wabigoon, Flora, O'Sullivan, and other early-stage properties in Quebec, Ontario, Manitoba, Saskatchewan, New Brunswick, and Alaska.
Because Kenorland’s model relies on exploration partnerships, its news flow frequently covers new earn-in agreements, option milestones, partner-funded budgets, and royalty portfolio developments. The company also reports on equity interests in other exploration and royalty companies, as well as technical results from geochemical surveys, geophysics, and drilling.
This news page allows readers to track Kenorland’s exploration campaigns, resource-related announcements, and corporate updates in one place. For those following greenfields gold exploration, royalty growth, and partnership-driven project generation, Kenorland’s KLDCF news provides ongoing insight into how its portfolio is being advanced.
Kenorland Minerals (OTCQX: KLDCF) has entered into a definitive agreement with Centerra Gold's subsidiary Thompson Creek Metals for three projects in Northwestern Ontario: Flora, Western Wabigoon, and Algoman. Under the agreement, Centerra can acquire up to 70% interest through a two-stage option process.
The First Option allows Centerra to gain 51% interest by spending C$10 million in exploration within three years, including C$3.5 million in the first year and completing 10,000 meters of diamond drilling. The Second Option enables an additional 19% interest by completing a Preliminary Economic Assessment with a minimum 1 million ounce gold equivalent resource within seven years.
Kenorland will retain a 30% free-carried interest through to the completion of a Preliminary Feasibility Study and will serve as the initial operator during the First Option period, receiving a 15% management fee.
Kenorland Minerals (OTCQX: KLDCF) has significantly expanded its exploration portfolio through strategic acquisitions in Ontario and New Brunswick. The company has staked 125,430 hectares of mineral claims in the Onaman-Tashota Greenstone Belt (Kowkash Project) in Northern Ontario and 119,779 hectares in Central New Brunswick (Atlantic Project). Additionally, through a purchase agreement dated May 26, 2025, Kenorland acquired a 100% interest in 31,052 hectares of mineral claims adjacent to the Atlantic Project from a private BC company.
The expansion aligns with Kenorland's strategy to explore underexplored yet promising regions of Canada, as stated by CEO Zach Flood, who emphasized the company's systematic approach to generating and advancing new discoveries amid growing demand for quality grassroots opportunities.Kenorland Minerals (TSXV: KLD) (OTCQX: KLDCF) has completed a top-up right exercise with Sumitomo Metal Mining Canada and Centerra Gold. The transaction involved issuing 209,054 common shares at $1.533 per share, raising total proceeds of $320,479.78. This allows Sumitomo and Centerra to maintain their respective 10.1% and 9.9% ownership stakes in Kenorland.
The issued shares are subject to a statutory hold period until September 10, 2025. As Sumitomo owns over 10% of Kenorland's shares, the transaction qualified as a "related party transaction" under MI 61-101, though exemptions from formal valuation and minority shareholder approval were applied as the transaction value was below 25% of Kenorland's market capitalization.
Kenorland Minerals (TSXV: KLD) (OTCQX: KLDCF) has announced that both Sumitomo Metal Mining Canada and Centerra Gold will exercise their 'top-up rights' to maintain their respective ownership stakes in the company.
The company will issue a total of 209,054 common shares at $1.533 per share, raising aggregate consideration of $320,479.78, subject to TSX Venture Exchange approval. Specifically, 105,572 shares will be issued to Sumitomo to maintain its 10.1% interest, while 103,482 shares will go to Centerra to retain its 9.9% stake.
These actions are being taken in accordance with the Sumitomo Investor Rights Agreement (dated November 5, 2021) and the Centerra Investor Rights Agreement (dated May 28, 2024).
Kenorland Minerals (TSXV: KLD) (OTCQX: KLDCF) has received TSXV approval for a new normal course issuer bid (NCIB), effective April 10, 2025, to April 9, 2026. The company can purchase up to 3,875,552 common shares, representing 5% of outstanding shares as of March 31, 2025, with a 30-day limit of 1,550,221 shares (2% of outstanding).
Purchases will be made through TSXV or alternative Canadian trading systems at prevailing market prices, with all shares being cancelled. Haywood Securities Inc. will act as the broker. The Board believes the current share price may not reflect the company's underlying value and considers the share buyback an appropriate use of financial resources that will benefit continuing shareholders by increasing their equity interest.
Kenorland Minerals (TSXV: KLD) (OTCQX: KLDCF) has launched its maiden diamond drill program at the Hunter Project in Quebec's southern Abitibi greenstone belt, operated under an option agreement with Centerra Gold. The Winter 2025 exploration program includes up to 4,300m of diamond drilling, targeting areas identified through systematic exploration since 2021.
The project revealed a significant multielement Au-Cu-Mo-Ag-W-Bi geochemical anomaly through drill-for-till sonic drilling in 2022 and 2024, spanning a 3.5 by 2.0 kilometre footprint. The target area's geology features felsic volcanic rocks intruded by felsic-intermediate porphyritic rocks, with widespread silica-epidote-sericite±K-feldspar alteration and sulphide mineralization including pyrite, chalcopyrite, and molybdenite.
The mineralization is interpreted as intrusion-related, potentially syn-volcanic or similar to the Duparquet gold deposit located 6.5 kilometres south. The drilling program is expected to conclude in early April 2025.
Kenorland Minerals (TSXV: KLD) (OTCQX: KLDCF) has initiated its Winter 2025 drill program at the Chebistuan Project in Quebec's northern Abitibi greenstone belt, under an exploration agreement with Newmont The program, approved by Newmont, includes up to 3,500m of drilling across 9 drill holes at the Deux Orignaux target area.
This second phase follows up on the initial 2023 program, specifically targeting the mineralized syenite intersected in drill hole 23DODD005, which yielded 157.20m at 0.41 g/t Au including 20.61m at 0.97 g/t Au. The program will also explore additional potential syenite plugs identified through geophysical characteristics. Kenorland remains the project operator, with drilling expected to conclude in early March 2025.
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