Northwire Canada EditionWednesday, July 29, 2026
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M&A / Property

Kenadyr Metals Appoints New CEO to Spearhead New Phase of Copper-Focused Growth

KEN · Price

Executive Summary

  • Kenadyr Metals Corp. announces the appointment of Enrico Gay as its new Chief Executive Officer.
  • The company is in the process of acquiring 100% of the Adelita Project and will rename itself Algo Grande Copper Corp. pending TSXV approval.
  • All required documentation for the acquisition and TSXV reactivation has been submitted; the firm now awaits final review and a re‑activation date.

Key Details

  • CEO Appointment: Enrico Gay, a capital‑markets professional with over ten years of project‑management experience, is appointed CEO effective immediately.
  • Outgoing CEO: Timothy McCutcheon steps down as CEO but remains on the board as a Director.
  • Acquisition Status: Kenadyr Metals is acquiring 100% of the Adelita Project (5,985 ha) in the Sonora‑Arizona Copper Belt; documentation submitted to TSXV, awaiting final review and reactivation date.
  • Corporate Renaming: Upon approval, the company will cease trading as Kenadyr Metals Corp. and resume under the name Algo Grande Copper Corp. on the TSX Venture Exchange.
  • Project Overview: Adelita is a district‑scale copper‑gold‑silver system anchored by the high‑grade Cerro Grande skarn discovery with potential porphyry mineralization at depth.
  • Management Comments:
  • Enrico Gay: “Kenadyr is entering a new chapter of growth… we are well positioned to unlock the project’s full potential and drive long‑term growth.”
  • Timothy McCutcheon (Director): “Enrico is the perfect fit for the Company to advance this project successfully.”

Notable Quotes

  • Enrico Gay, CEO: “Kenadyr is entering a new chapter of growth with the acquisition of the Adelita Project… we are well positioned to unlock the project's full potential and drive long‑term growth with a clear mandate to deliver significant shareholder value.”
  • Timothy McCutcheon, Director: “I look forward to working with him and the rest of the team to make the Company a success.”
Read the original news release →

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