202628 releases
Kenorland Minerals Announces $11 Million Non-Brokered Private Placement
Kenorland Minerals Ltd. (TSXV: KLD) plans a non-brokered private placement of up to 5,238,095 common shares at $2.10 per share, for gross proceeds of up to CAD $11,000,000. The financing is expected to close on or about November 3, 2026, subject to conditions including TSX Venture Exchange approval, and proceeds will fund exploration, potential property acquisitions and working capital.
FinancingKenorland and Auranova Commence Phase 4 Drill Program at the South Uchi Project, Ontario
A phase 4 diamond drill program of approximately 5,000 metres has begun at the South Uchi Project in Ontario's Red Lake District, targeting the North Papa trend at Papaonga. Holes will step out along strike and at depth from hole 26PADD046, which returned 65.45 m at 0.34 g/t Au including 21.00 m at 0.58 g/t Au, and will test IP chargeability and resistivity anomalies. Kenorland remains operator, with drilling expected to finish by mid November; Auranova has earned 51%.
Drill resultsFranco-Nevada Becomes Significant Shareholder of Kenorland Minerals
Franco-Nevada Corporation has acquired 10,000,000 common shares of Kenorland Minerals, about 12.42% of shares outstanding, through private agreements at $2.22 per share for an aggregate $22.2 million. The shares came from John Tognetti (7,950,000) and CEO Zach Flood (2,050,000); Tognetti's holding falls to 3,165,603 shares, or roughly 3.93%, and he has ceased to be an insider, while Flood retains 3,422,888 shares. Franco-Nevada, which previously held no Kenorland shares, acquired them for investment purposes.
FinancingKenorland Completes Top-Up Right from Sumitomo and Centerra
Sumitomo Metal Mining Canada and Centerra Gold have completed the exercise of their top-up rights, with Kenorland issuing an aggregate 45,794 shares at $2.498 per share for gross proceeds of $114,393.41. Sumitomo received 23,126 shares to retain its 10.1% interest and Centerra received 22,668 shares to retain its 9.9% interest. The shares are subject to a statutory hold period expiring February 2, 2027. The transaction was a related party transaction under MI 61-101, with exemptions relied upon.
FinancingKenorland Reports High-Grade Intercepts from Recent Drilling at the Frotet Project, Quebec
Complete assay results were reported from 20 exploration drill holes totalling 14,980 metres at the Frotet Project in northern Quebec, from the 2025 fall and 2026 winter programs, the first drilling since the cut-off for the maiden Inferred Mineral Resource of 14.5 Mt at 5.47 g/t Au for 2.55 Moz at Regnault. Highlights include 2.35m at 71.89 g/t Au, 73.42m at 2.24 g/t Au and 14.25m at 9.72 g/t Au, mostly step-outs outside the resource. Kenorland holds a 4% NSR royalty; Sumitomo Metal Mining Canada owns and operates the project.
Drill resultsKenorland Receives Notice of Exercise of Top-up Right from Sumitomo and Centerra
Sumitomo Metal Mining Canada Ltd. and Centerra Gold Inc. have each given notice they will exercise top-up rights under their investor rights agreements with Kenorland Minerals, dated November 3, 2021 and May 28, 2024 respectively. An aggregate 45,794 common shares will be issued at $2.498 per share for total consideration of $114,393.41, subject to TSX Venture Exchange approval. Sumitomo will receive 23,126 shares to retain a 10.1% interest and Centerra 22,668 shares to retain 9.9%.
FinancingKenorland Minerals Reports Assay Results from Maiden Diamond Drill Program at the Western Wabigoon Project, Ontario
A maiden nine-hole, 4,089 metre diamond drill program at the W2 target on the Western Wabigoon Project in northwestern Ontario intersected gold in eight holes, including 1.05 metres at 204.34 g/t Au (including 0.50 metres at 428.50 g/t Au) in hole 26DFDD003, 37.75 metres at 0.30 g/t Au (including 17.05 metres at 0.47 g/t Au) in 26DFDD004, and 23.90 metres at 0.25 g/t Au in 26DFDD007. The project is held under an earn-in with a Centerra Gold subsidiary, which can earn up to 70%. The acquisition of the Golden Sidewalk Project from Prosper Gold has closed.
Drill resultsKenorland Minerals and Targa Exploration Commence Phase 2 Drill Program at the Opinaca Project Gold Discovery, Quebec
Phase 2 diamond drilling has begun at the Opinaca Project in Quebec's James Bay region, under a $3.9 million 2026 summer exploration budget approved by Targa Exploration Corp, covering up to 4,400m of drilling plus geological mapping and prospecting. Drill hole fences spaced 0.5–1km apart will follow up the maiden Q4 2025 program, with drilling expected to conclude in early September. Kenorland is operator and holds a 3% NSR royalty on the Targa-owned, 85,267-hectare project.
Drill resultsKenorland Minerals Announces Completion of Summer Drill Program at Western Wabigoon Project, Ontario
A maiden diamond drill program of 4,089 metres in nine holes has been completed at the W2 target on the Western Wabigoon Project in northwestern Ontario, testing a 3-kilometre-long gold-in-till and heavy mineral concentrate gold grain anomaly. Drilling confirmed shear zones with alteration and sulphide mineralisation along the tested strike, open to the north and southwest, with visible gold logged in hole 26DFDD005. The program also included 157 HMC samples and mapping; assays are expected by mid- to late Q3. The project is held under an earn-in with a Centerra Gold subsidiary.
Drill resultsKenorland and Auranova Announce Geophysical Survey over the North Papa Gold Discovery at South Uchi, Ontario
A 24 line-kilometre induced polarisation survey is underway over the North Papa gold trend within the Papaonga target area at the South Uchi Project, Red Lake District, Ontario. Conducted by Abitibi Geophysics of Val-d'Or, Quebec, the survey comprises eight parallel 3 km lines spaced 250 m apart, with a depth of investigation of approximately 760 m, and is expected to commence in late July after line cutting. Results will guide future drill targeting. Auranova has earned a 51% interest in the project.
Drill resultsKenorland Completes Top-Up Right from Sumitomo and Centerra
Sumitomo Metal Mining Canada and Centerra Gold have completed the exercise of their top-up rights, with Kenorland Minerals issuing an aggregate 314,392 shares at $2.136 per share for gross proceeds of $671,541.31. Sumitomo received 158,768 shares to retain a 10.1% interest and Centerra 155,624 shares to retain 9.9%. The shares are subject to a statutory hold period expiring October 20, 2026, and the transaction was a related party transaction exempt from valuation and minority approval requirements.
FinancingKenorland Minerals Consolidates Central Uchi Project with Acquisition of Golden Sidewalk Project in the Birch-Uchi Greenstone Belt, Ontario
An agreement has been signed to acquire a 100% interest in the Golden Sidewalk Project from Prosper Gold Corp. for $1,000,000 in cash, with Kenorland also assuming underlying royalties on the claims. The property will be consolidated into Kenorland's recently staked Central Uchi Project, which now covers approximately 75,913 hectares in Ontario's Birch-Uchi Greenstone Belt, about 60 kilometres east of Red Lake. The transaction requires Prosper Gold shareholder approval and TSX Venture Exchange approval.
AcquisitionKenorland and Auranova Announce Large Intrusion-Related Gold Discovery at South Uchi, Ontario
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Drill resultsKenorland Receives Notice of Exercise of Top-up Right From Sumitomo and Centerra
Sumitomo Metal Mining Canada Ltd. and Centerra Gold Inc. have given notice they will exercise top-up rights under their respective investor rights agreements with Kenorland Minerals. An aggregate of 314,392 common shares will be issued at $2.136 per share for total consideration of $671,541.31, subject to TSX Venture Exchange approval. Sumitomo will receive 158,768 shares to retain a 10.1% interest and Centerra 155,624 shares to retain a 9.9% interest.
FinancingKenorland Minerals Commences 2026 Maiden Drill Program at the Western Wabigoon Project, Ontario
A maiden diamond drill program has begun at the Western Wabigoon Project in northwestern Ontario, comprising up to 3,650m of drilling at the W2 target with drillhole fences spaced 250–500m apart to test a 2.5km strike length, with drilling expected to conclude in late June. Centerra Gold has approved a $3.2 million budget for the 2026 summer program, which also includes heavy mineral concentrate till surveys, mapping and prospecting at regional targets. Surface rock samples assayed up to 7.75 g/t Au.
Drill resultsKenorland Completes Top-Up Right from Sumitomo and Centerra
Sumitomo Metal Mining Canada and Centerra Gold have completed the exercise of their top-up rights to retain 10.1% and 9.9% interests in Kenorland Minerals, respectively. An aggregate 49,002 shares were issued — 22,406 at $2.38 and 26,596 at $2.35 — for gross proceeds of $115,826.88, with 24,746 shares to Sumitomo and 24,256 to Centerra. The shares are subject to a statutory hold period expiring September 20, 2026.
FinancingKenorland Receives Notice of Exercise of Top-up Right from Sumitomo and Centerra
Sumitomo Metal Mining Canada Ltd. and Centerra Gold Inc. have given notice they will exercise top-up rights under their investor rights agreements with Kenorland Minerals, dated November 3, 2021 and May 28, 2024 respectively. An aggregate of 22,406 common shares will be issued at $2.38 per share for total consideration of $53,326.28, subject to TSX Venture Exchange approval, comprising 11,315 shares to Sumitomo to retain a 10.1% interest and 11,091 shares to Centerra to retain a 9.9% interest.
FinancingKenorland Minerals Sells Torrance Project to Neotech Metals
Neotech Metals Corp. will acquire a 100% interest in 580 mining claims comprising the Torrance REE Project in northern Ontario, covering approximately 12,127 hectares along the Kapuskasing Structural Zone, in exchange for 1,000,000 Neotech shares subject to a 24-month lock-up. Neotech must complete a minimum of 2,000 metres of diamond drilling within three years of closing or Kenorland can require the project be assigned back for nominal consideration. Kenorland retains a 2.0% NSR royalty; closing is subject to regulatory approvals.
AcquisitionKenorland Minerals and Auranova Resources Announce Completion of Spring Drill Program at the South Uchi Project, Ontario
The 2026 spring Phase 3 drill program at the South Uchi Project in Ontario's Red Lake District is complete, comprising six diamond drill holes totaling 3,187 metres testing strike extensions at roughly 500 metre spacing east and west of the gold-bearing corridor identified in fall 2025. Holes intersected broad silica, sericite and local albite alteration with disseminated and stringer pyrite, notably in 26PADD046 from about 123-165 m and 214-387 m. Assays are expected in Q2 2026, with a further program tentatively planned for summer 2026.
Drill resultsKenorland Minerals Announces Termination of Joint Venture Exploration Agreement at the O’Sullivan Project, Quebec; Receives Notice of Exercise of Top-up Right from Sumitomo and Centerra
Sumitomo Metal Mining Canada Ltd. has elected to withdraw from the December 14, 2022 Earn-in and Joint Venture Exploration Agreement on the 27,534-hectare O'Sullivan Project in Quebec, effective May 9, 2026, leaving Kenorland with 100% ownership. Separately, Sumitomo and Centerra Gold have exercised top-up rights relating to shares issued for the McVicar agreement area acquisition, with 26,596 common shares to be issued at $2.35 per share for $62,500.60, maintaining their 10.1% and 9.9% interests respectively, subject to TSXV approval.
AcquisitionKenorland Minerals and Auranova Resources Commence Spring Drill Program at the South Uchi Project, Ontario
A Phase 3 diamond drill program has begun at the Papaonga target area of the South Uchi Project in Ontario's Red Lake District, comprising up to 3,000 metres across six drill holes designed as large step-outs east and west along a mineralised structural corridor identified in the Fall 2025 Phase 2 program. Drill fences will be spaced about one kilometre apart, stepping out from holes 25PADD031 and 25PADD034. Kenorland remains operator; Auranova Resources has earned a 51% interest.
Drill resultsKenorland Minerals Files NI 43-101 Technical Report on the Frotet Project, Quebec
An NI 43-101 technical report for the Frotet Project near Chibougamau, Quebec has been filed on SEDAR+, presenting an initial Mineral Resource Estimate at the Regnault gold deposit of 14.5 Mt at 5.47 g/t Au for 2.55 million ounces of gold in the inferred category. The report has an effective date of November 30, 2025 and a report date of January 29, 2026. Kenorland holds a 4% net smelter return royalty on the project, which is 100% owned and operated by Sumitomo Metal Mining Canada Ltd.
Study resultsKenorland and Auranova Identify New Gold-Bearing Structural Corridor at the South Uchi Project, Ontario
Complete assay results from the 2025 fall diamond drill program at the South Uchi Project in Ontario's Red Lake District covered 13 holes totalling 7,075 metres, with hole 25PADD030 returning 1.80 m at 5.42 g/t Au, including 0.40 m at 12.70 g/t Au. Holes 25PADD031 and 25PADD034 intersected a roughly 200 m-wide mineralised corridor north of Papaonga, beneath glacial cover. A follow-up program of up to 3,000 metres is scheduled to begin in Q1 2026, subject to permitting, targeting up to 8 km of strike.
Drill resultsKenorland Minerals Grants Stock Options
Stock options to acquire a total of 4,080,000 common shares have been granted to directors, officers, employees and consultants at an exercise price of $3.31 per share for a five-year term. The options vest one-third immediately, with one-third vesting each year thereafter.
CorporateKenorland Minerals Reports a Grassroots Discovery of Widespread Gold Mineralisation at the Opinaca Project, Quebec
Gold mineralisation was intersected in 7 of 8 drill holes over a 4-km target area in the maiden drill program at the Opinaca Project in Quebec's James Bay region, totaling 3,665 metres. Hole 25OPDD007 returned 3.65m at 13.88 g/t Au, including 0.30m at 166.14 g/t Au, and 25OPDD006 returned 4.79m at 2.39 g/t Au, including 0.70m at 14.80 g/t Au. Kenorland operates the project and holds a 3% NSR royalty; Targa Exploration Corp. owns it 100%.
Drill resultsKenorland Completes Top-Up Right from Sumitomo and Centerra
Sumitomo Metal Mining Canada and Centerra Gold have completed the exercise of their top-up rights to retain 10.1% and 9.9% interests in Kenorland Minerals, respectively, under investor rights agreements dated November 5, 2021 and May 28, 2024. An aggregate of 26,967 common shares were issued at $2.068 per share for total consideration of $55,767.76, subject to a statutory hold period expiring May 9, 2026. As a holder of more than 10%, Sumitomo is a related party under MI 61-101, with the Company relying on exemptions from formal valuation and minority approval.
Financing
20257 releases
Kenorland Minerals Reports Maiden Inferred Resource of 14.5 Mt at 5.47 g/t Au for 2.55 Million Ounces at the Frotet Project, Quebec, Where It Holds a 4% NSR Royalty
A maiden Inferred Mineral Resource of 14.5 Mt at 5.47 g/t Au and 5.18 g/t Ag, containing 2.55 Moz gold and 2.41 Moz silver, has been estimated for the Regnault gold deposit at the Frotet Project in northern Quebec, where Kenorland holds a 4% NSR royalty and Sumitomo Metal Mining Canada is 100% owner and operator. The estimate, effective November 30, 2025, used 289 drillholes totalling 127,217 m, cut-off grades of 2.15 g/t and 2.61 g/t Au, and US$2,500/oz gold. A NI 43-101 technical report will be filed within 45 days.
Resource updateKenorland Receives Notice of Exercise of Top-up Right from Sumitomo and Centerra
Sumitomo Metal Mining Canada and Centerra Gold have given notice that they will exercise top-up rights under their respective investor rights agreements with Kenorland Minerals. An aggregate of 26,967 common shares will be issued at $2.068 per share for total consideration of $55,767.76, subject to TSX Venture Exchange approval, comprising 13,618 shares to Sumitomo to retain its 10.1% interest and 13,349 shares to Centerra to retain its 9.9% interest.
FinancingKenorland Minerals Provides an Exploration Update
Working capital stood at approximately $18.5 million as of October 31, 2025, with 2025 exploration expenditures across its properties forecast above $45.0 million, including roughly $35.3 million partner-funded, and forecast revenue of about $4.1 million. A maiden Mineral Resource Estimate for the Regnault gold system at the Frotet Project, Quebec, incorporating 127,217 metres from 265 holes, is expected shortly. Newmont will withdraw from the Chebistuan Project earn-in effective January 31, 2026, leaving Kenorland 100% owner.
Drill resultsKenorland Identifies Significant Gold-in-till Geochemical Anomalies at the Western Wabigoon and Flora Projects in Northwestern Ontario
Results from 2025 geochemical and prospecting surveys at the Western Wabigoon and Flora projects in northwestern Ontario defined multiple km-scale gold-in-till anomalies, including a ~19 km gold-in-till trend at Western Wabigoon with gold grain counts up to 251 grains per sample at the W2 target and rock samples up to 7.75 g/t Au, and a 7 km anomaly at Flora's F1 target with rock samples up to 31.70 g/t Au. Up to 5,000 m of diamond drilling is proposed for 2026, focused on W2. The projects are under an earn-in agreement with a Centerra Gold subsidiary for up to 70%.
Drill resultsKenorland Minerals Provides Update on Upcoming Maiden Mineral Resource Estimate at the Frotet Project, Quebec
A maiden Mineral Resource Estimate for the Regnault gold deposit at the Frotet Project in northern Quebec is in the final stages of completion and is expected to be announced in the coming weeks. Prepared by SLR Consulting (Canada) Ltd. under NI 43-101 and CIM Definition Standards, it will incorporate 127,217 metres across 265 drill holes. Kenorland holds a 4% NSR royalty on Frotet, which is 100% owned and operated by Sumitomo Metal Mining Canada Ltd.
Resource updateKenorland Minerals Commences Drilling at the O’Sullivan Project, Quebec
Drilling has begun at the O'Sullivan Project in Quebec's Abitibi greenstone belt, with Sumitomo Metal Mining Canada approving a $1.72 million budget for the fall 2025 program comprising up to 2,925 metres of diamond drilling. The program is the first test of a target area defined over five years of exploration, targeting chargeability and conductivity anomalies from a recent IP survey. Kenorland is operator, and drilling is expected to conclude by early December.
Drill resultsKenorland and Auranova Announce Completion of Fall Drill Program at the South Uchi Project, Ontario
The 2025 fall Phase 2 drill program at the South Uchi Project in Ontario's Red Lake District has been completed, comprising 13 diamond drill holes totalling 7,075 metres, with assay results expected in Q1 2026. Step-out drilling extended the mineralised corridor at the Papaonga target roughly two kilometres to the east and identified a new mineralised deformation corridor to the northeast. Kenorland also engaged Atrium Research at $3,000 per month for 24 months and Capital Analytica for $150,000 over six months, both subject to TSXV approval.
Drill results