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. It owns or has options to acquire further interest in numerous projects in British Columbia, Manitoba, Ontario, Quebec and Saskatchewan, Canada and Alaska, USA. The Company holds a 4% net smelter return royalty on the Frotet Project in Quebec, which is owned by Sumitomo Metal Mining Canada Ltd. The Frotet Project covers 39,365 hectares of the Frotet-Evans greenstone belt within the Opatica geological sub-province of Quebec. Its Other Royalty Interest Project includes South Uchi, Napoleon, Goldrange, Thibert, Fox River, Rupert, Wheatcroft, Opinaca, and South Thompson. Its 100%-Owned Project consists of South Uchi, Tanacross, Western Wabigoon, Flora, Algoman, Stormy Lake, Separation Rapids, Muskayk, Omineca, Torrance, Saguenay, Osik, Rox, Settee, and Wabissane.

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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

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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Advancing flagship Ishkõday Gold Project in Ontario