Kenadyr Provides Operational Update on the Adelita Copper-Gold-Silver Project and Status Update of Reactivation Transaction

Executive Summary

• Kenadyr Metals (to be renamed Algo Grande Copper Corp.) announced that the Adelita Project is fully permitted for exploration and will commence Phase 1 field work in November 2025.
• Definitive agreements have been executed with Infinitum Copper (80%) and Minaurum Gold (20%); shareholder approval has been obtained and the transaction now awaits final TSXV approval.
• The company expects the final tranche of its reactivation financing to close within weeks, coinciding with the TSXV review, and will host a live investor call on November 7, 2025 to discuss these developments.

Key Details

• Phase 1 Exploration Program (starting Nov 2025) – First‑pass drilling on the Cerro Grande Skarn zone, detailed ground magnetic survey, 50 × 50 m soil‑geochemistry grid, and mapping/sampling at Mezquital and Las Trancas targets.
• Permitting – Social license obtained (May 28 2025), Environmental Impact Assessment approved (Aug 27 2025), and a 20‑year underground mining permit issued (July 17 2025) for the high‑grade Cerro Grande Skarn discovery zone.
• Transaction Status – Definitive agreements signed with Infinitum Copper (80% interest) and Minaurum Gold (20%). Infinitum shareholders have approved the sale; the deal now requires TSXV final approval.
• Financing – The third and final tranche of previously announced reactivation financing is expected to close in the coming weeks, aligned with the TSXV review process.
• Shareholder Call – Live investor call scheduled for Friday, Nov 7 2025 at 11:00 a.m. EST (Zoom link provided).
• Name Change – Upon completion of the transaction and TSXV approval, Kenadyr Metals will be renamed Algo Grande Copper Corp.

Notable Quotes

“Algo Grande is completing the final steps toward reactivating its listing on the TSX Venture Exchange as a new Mexico‑focused copper project developer… The Company is fully financed to execute the first phase of exploration at Adelita, and our immediate priority remains closing the acquisition and advancing the ongoing program on site.” – Tim McCutcheon, CEO

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