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.”
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Dec 18, 2025 · 19:09