Algo Drops 65.8% Year-to-Date Amid Corporate Restructuring

On December 19, 2025, Algo Grande Copper Corp. (TSXV: ALGR) officially completed the acquisition of the Adelita Project in Mexico from Infinitum Copper Corp. (TSXV: INFI). The transaction marks the culmination of months of regulatory and shareholder approvals and represents a strategic shift for the company, which has rebranded from Kenadyr Metals Corp. and reactivated on the TSX Venture Exchange under a new corporate identity.

The Adelita Project is centered on the Cerro Grande Skarn discovery, a high-grade copper-gold-silver deposit with strong exploration potential. The project has seen over $8 million in historical spending and includes more than 7,000 meters of drilling, extensive geophysical surveys, and detailed mapping.

Recent reprocessing of legacy data has highlighted the possibility of a porphyry feeder system at depth, suggesting the deposit remains open along strike and at depth.

Under the terms of the transaction, Infinitum received $100,000 in cash and 1,842,719 shares of Algo Grande, subject to an 18-month resale restriction. Additionally, Infinitum is set to receive 901,600 more shares tied to a financing completed by Algo Grande. The move is expected to streamline operations for Infinitum, allowing the company to focus on other strategic initiatives while Algo Grande gains full control of the Adelita Project.

Algo Grande’s management team has also undergone changes in anticipation of the reactivation. Enrico Gay was appointed Chief Executive Officer, and industry veteran Gord Neal joined the board, bringing decades of experience in metals and mining. Neal’s background includes leadership roles at MAG Silver Corp. and over $750 million in fundraising for resource companies.

Despite the completion of this significant corporate milestone, Algo’s share price has declined significantly over the past year. As of December 19, 2025, the stock traded at $0.1144, down 65.8% year-to-date, 16.25% in one month, and 3.78% over the past seven days. The market reaction reflects broader sector pressures, as well as the inherent risks associated with early-stage exploration projects.

Analysts note that while the Adelita Project has strong geological potential, significant capital investment and further exploration are needed to confirm the scale and economics of the deposit. Algo Grande will need to manage expectations while executing its exploration plans and building a credible path toward resource delineation and feasibility.

The restructuring and rebranding represent a pivotal moment for Algo Grande as it positions itself as a focused copper exploration company with a high-grade project in Mexico. However, with the stock down more than two-thirds from its level a year ago, the market will be closely watching how the company executes its strategy in the months ahead.