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M&A / Property

Kenadyr Metals appoints Gay as CEO

By The Northwire Desk — AI Analysis Nov 25, 2025 · 20:59 ALGR · 0.45 Algo Grande Copper Corp.
ALGR · Price

Executive Summary

  • Kenadyr Metals Corp. has appointed Enrico Gay as its new Chief Executive Officer, succeeding Timothy McCutcheon who has stepped down from the CEO role but remains a director.
  • The company is undergoing a significant transformation, including a name change to Algo Grande Copper Corp. and the acquisition of the 100% Adelita project, a district-scale copper-gold-silver system in the Sonora-Arizona copper belt.
  • All documentation for the Adelita acquisition and the TSX Venture Exchange reactivation has been submitted, with the company awaiting final review and confirmation of a reactivation date to resume trading under the new name.

Key Details

  • CEO Appointment: Enrico Gay appointed as CEO; he is a founding member of the transformation to Algo Grande, having spearheaded the Adelita project acquisition and recent financing.
  • CEO Background: Mr. Gay has over a decade of experience in project management, corporate structuring, finance, and strategic communications across mining, technology, and other sectors; holds a BA from the University of British Columbia.
  • Management Transition: Timothy McCutcheon stepped down as CEO but remains on the board as a director.
  • Corporate Renaming: Kenadyr Metals Corp. is being renamed Algo Grande Copper Corp.
  • Strategic Focus: The renamed company will operate as a growth-focused copper exploration company centered on the Adelita project.
  • Adelita Project Details:
    • 100% acquisition in process.
    • Located in the Sonora-Arizona copper belt.
    • Described as a district-scale, multisystem copper-gold-silver skarn-porphyry system.
    • Anchored by the high-grade Cerro Grande Cu-Au-Ag skarn discovery.
    • Project spans 5,985 hectares with mineralization continuity extending over six kilometers.
    • Reprocessing of legacy geophysical data suggests a potential porphyry system at depth.
  • Regulatory Status: Documentation for the Adelita acquisition and TSX Venture Exchange reactivation has been submitted; awaiting exchange review and confirmation of a reactivation date.
  • Partnerships: Dr. Peter Megaw and Minera Cascabel are identified as on-the-ground partners in Mexico.

Notable Quotes

  • Enrico Gay (CEO): "Kenadyr is entering a new chapter of growth with the acquisition of the Adelita project and the formation of an expanding management team. I am proud to lead the company as we advance this district-scale, copper-gold-silver skarn-porphyry system. With Dr. Peter Megaw and Minera Cascabel as our on-the-ground partners in Mexico, and the company's accomplished capital markets team, 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 (Former CEO/Director): "Kenadyr is on a new path of project development with its pending acquisition of the Adelita copper project in Mexico and Enrico is the perfect fit for the company to advance this project successfully. 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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