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Kenorland Minerals Ltd V.KLD

Alternate Symbol(s):  KLDCF

Metals & Mining Industrial Metals & Minerals
Kenorland Minerals Ltd. is a Canada-based mineral exploration company. The Company's principal business is the acquisition and exploration of precious metal mineral properties in North America. Its flagship properties are the Frotet Project Quebec, Canada, the Tanacross Project Alaska, United States and the Healy Project Alaska, United States. It owns or has options to acquire further interest in various projects in Manitoba, Ontario and Quebec, Canada and Alaska, United States. The Company's other projects include Osik Lake Project, South Uchi Project, South Thompson Project, O’Sullivan Project, Hunter Project, Chicobi Project and Chebistuan Project. The Frotet Property is its primary mineral property that covers approximately 39,365 hectares (ha) and is located in the Frotet-Evans Archean greenstone belt within the Opatica geological sub-province, approximately 120 kilometers (km) north of Chibougamau. Tanacross Property is located approximately 80 km northeast of Tok, Alaska.


TSXV:KLD - Post by User

Kenorland Minerals Ltd
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Post by Betteryear2on Jul 30, 2024 8:20am
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Post# 36153982

Kenorland Enters Definitive Agreement

Kenorland Enters Definitive Agreement Vancouver, British Columbia--(Newsfile Corp. - July 30, 2024) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("Kenorland" or the "Company") is pleased to announce it has entered into a definitive purchase and sale agreement (the "Agreement") with Evolution Nickel Corporation ("Evolution") pursuant to which Evolution will acquire 100% of the South Thompson Nickel Project (the "Project"). Pursuant to the terms of the Agreement, Evolution has agreed to issue Kenorland 26,000,000 common shares of Evolution (for a 50% equity ownership interest prior to the closing of the Financing (as defined below)) and grant Kenorland a 2% net smelter return royalty (the "Royalty") over the entirety of the South Thompson Project at closing of the transaction ("Closing").

Kenorland Enters Definitive Agreement to Sell the South Thompson Project to Evolution Nickel (newsfilecorp.com)
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