Kenorland Minerals Ltd. is pleased to announce that, further to the investor rights agreement dated November 5, 2021 between the Company and Sumitomo Metal Mining Canada Ltd. , Sumitomo has notified the Company of its intent to exercise its 'top-up right' and retain its 10.1% interest in the Company. An aggregate of 20,006 common shares will be issued for aggregate consideration of $15,520.14 representing 14,289 common [...]
Kenorland Minerals Ltd. is pleased to announce the commencement of diamond drilling at the Chebistuan Project, located in the northern Abitibi greenstone belt of Quebec, and held under an exploration agreement with Newmont Corporation . 2023 Exploration Program and Budget A total exploration budget of C$1.5 million has been approved by Newmont for the 2023 winter exploration program. The program will include 3,500m of [...]
Kenorland Minerals Ltd. is pleased to announce the 2023 winter drill program at the Frotet Project, , located in northern Quebec and held under joint venture with Sumitomo Metal Mining Canada Ltd. . 2023 Winter Exploration Program and Budget A total exploration budget of C$6.5 million has been approved by the Joint Venture for the winter drill program underway at the Regnault gold discovery on the Frotet Project. The [...]
Kenorland Minerals Ltd. announces that Barrick Gold Corporation has terminated the South Uchi earn-in option to joint venture agreement and Kenorland has regained 100% control of the South Uchi Project , located in the Red Lake District of northwestern Ontario. Exploration Completed Under the Agreement Under the Option Agreement, approximately US$4.31m of expenditures were incurred between 2021 and 2023. In 2021, Barrick [...]
Kenorland Minerals Ltd. is pleased to announce the results of preliminary metallurgical testing of the Regnault gold system on the Frotet Project , located in northern Quebec and held under joint venture with Sumitomo Metal Mining Canada Ltd. . Results of the Preliminary Metallurgical Study Preliminary metallurgical test work was initiated with the completion of hole 22RDD149 that twinned the Regnault discovery hole [...]
Kenorland Minerals Ltd. is pleased to announce that it has entered into a property option agreement with Sumitomo Metal Mining Canada Ltd. , a wholly-owned subsidiary of Sumitomo Metal Mining Co. Ltd., pursuant to which the Company has agreed to grant to SMMCL the option to acquire up to a 70% interest in the O'Sullivan Project , located within the Abitibi greenstone Belt, of Northern Quebec. Figure 1. Location Map of the [...]
Kenorland Minerals is pleased to announce it has raised aggregate gross proceeds of $9,000,000 through the sale of 750,000 common shares of Li-FT Power Ltd. The sale was conducted through the Canadian Securities Exchange as a pre-arranged trade. The proceeds from the sale further strengthens Kenorland's cash position and brings its current cash balance to a total of approximately $19,800,000. Kenorland continues to hold [...]
Kenorland Minerals is pleased to announce it has entered into a definitive purchase agreement with Targa Exploration pursuant to which Targa will acquire a 100% interest in and to 844 mining claims making up the Opinaca Lithium Project located within the James Bay region, along with rights to two mineral exploration license applications which cover numerous lithium-bearing pegmatite occurrences in eastern Manitoba . As [...]
Kenorland Minerals is pleased to announce that, further to the Investor Rights Agreement dated November 5, 2021 between the Company and Sumitomo Metal Mining Canada, Sumitomo has issued to the Company its intent to exercise its 'top-up right' and retain its 10.1% interest in the Company. An aggregate of 16,852 common shares at a price of $0.72 per share will be issued in accordance with the IRA, subject to the approval of [...]
Kenorland Minerals is pleased to announce final drill results from the 2022 summer drill program at the Frotet Project. Assays from 23 drill holes completed at Regnault along with 8 drill holes completed at Cressida are reported herein. The Company is also pleased to provide an update on its plans for future exploration activities at the Project. Drill Highlights: 22RDD136: 20.55m at 2.80 g/t Au incl. 3.50m at 10.72 g/t [...]
Kenorland Minerals Ltd. is pleased to provide an update on exploration activities at the Chicobi Project, located in Quebec, Canada . The Company also announces that Sumitomo Metal Mining Canada Ltd. has fulfilled its requirement to earn a 51% interest in the Chicobi Project and has elected to form a joint venture . Sumitomo Completes Earn-in, Joint Venture is Formed SMMCL has exercised its option to acquire an initial [...]
Kenorland Minerals Ltd. announces that its Board of Directors has accepted the resignation of Francis MacDonald as President of the Company. Mr. MacDonald has decided to pursue other opportunities and the Board wishes him well with his future endeavours. Mr. MacDonald will continue to support the Company through a lead technical advisory role. Zach Flood, CEO and director of the Company, will assume the role of President [...]