Kenadyr Metals Completes TSXV Reactivation, Name Change to Algo Grande Copper and 100% Acquisition of the Adelita Project

Executive Summary

• Algo Grande Copper Corp. completed the acquisition of 100% of the 5,895‑ha Adelita Copper‑Gold‑Silver Project in the Sonora‑Arizona copper belt.
• The company satisfied escrow conditions for the conversion of 10,198,402 subscription receipts ($0.375 each) into common shares; proceeds are now released for project funding and working capital.
• Algo Grande is set to reactivate on the TSX Venture Exchange (Tier 2) under the symbol “ALGR” around Dec 23 2025 and announced several new consulting agreements and a 2.87 M‑share option grant.

Key Details

• Acquisition Structure –
• 80% interest purchased from Infinitum Copper Corp. (via Exploraciones Margarita S.A.) for $100,000 cash + 1,842,719 shares (subject to 18‑month resale restrictions).
• Additional post‑closing payment of 901,600 Infinitum shares tied to financing completion.

• Remaining 20% interest purchased from Minaurum Silver Inc. for 313,953 shares plus a 1 % NSR royalty on future ore sales.

• Subscription Receipt Conversion –

• 10,198,402 receipts converted at $0.375 per receipt into common shares.

• Escrowed proceeds released; earmarked for payment obligations, exploration expenditures on the Adelita Project, and general working capital.

• TSX Venture Reactivation –

• Completion of acquisition satisfies a condition for moving from the NEX Board to Tier 2 of the TSXV.

• Expected trading commencement: ~23 Dec 2025 under ticker “ALGR”.

• Board & Management Changes –

• Enrico Gay confirmed as CEO (previously announced).

• Gord Neal appointed to the board effective upon acquisition closing; brings >30 years metals/mining experience and $750 M capital raising background.

• Project Overview –

• Adelita Project anchored by high‑grade Cerro Grande skarn discovery, open along strike and depth; historic ~7,000 m drilling, IP/VTEM/magnetic surveys (~US$8 M spent).
• Reprocessed legacy data indicates a potential porphyry feeder system beneath the skarn.

• Phase 1 exploration underway (oriented‑core drilling, ground magnetic survey, 50×50 m soil program, 3D geophysical inversions) to feed a Phase 2 drill campaign planned for Q2 2026.

• Consulting & Sponsorship Agreements –

• Euroswiss: 12‑month consulting services; fee $90,000 (subject to TSXV approval).
• GoldInvest: 8‑month sponsorship; one‑time fee €28,000 (subject to TSXV approval).

• Fairfax Partners: Initial 6‑month services; monthly fee $5,000 plus up to $250,000 discretionary budget over 6 months (subject to TSXV approval).

• Option Grants –

• 2,870,000 stock options granted to directors, officers and consultants under the Feb 17 2022 plan.

• Exercise price $0.375 per share; 20 % vest immediately, subsequent 20 % vest every six months over two years.

• Regulatory & Technical –

• Qualified Person: Lorne Warner (NI 43‑101).
• NI 43‑101 technical report filed Dec 15 2025 (effective Aug 15 2025).
• All securities issued subject to a statutory hold period of four months plus one day.

Notable Quotes

• Enrico Gay, CEO: “Completing the acquisition of 100% of the Adelita Project and securing our reactivation marks an important milestone for Algo Grande… we are now executing a disciplined, data‑driven program designed to delineate the scale of both the high‑grade skarn system and the porphyry potential at depth.”