Algo Grande Copper Acquires Adelita Project, Reactivates on TSXV

On December 19, 2025, Algo Grande Copper (formerly Kenadyr Metals) completed the 100% acquisition of the 5,895-hectare Adelita Copper-Gold-Silver Project in Sonora, Mexico, marking a strategic milestone for the company. The transaction, finalized through agreements with Infinitum Copper Corp. and Minaurum Silver Inc., consolidates Algo Grande’s position in a high-potential mining district. The company also secured reactivation on the TSX Venture Exchange (TSXV), with trading expected to resume under the symbol “ALGR” by December 23, 2025.

Strategic Acquisition and Exploration Plans

The Adelita Project, centered on the high-grade Cerro Grande skarn discovery, has been a focal point for exploration, supported by over $8 million in historical work. Algo Grande’s disciplined approach includes a Phase 1 exploration program that integrates geophysical surveys, geological modeling, and drilling to delineate the skarn system and assess porphyry potential at depth. This data will inform a Phase 2 drill program slated for Q2 2026, aiming to expand high-grade mineralization and test the porphyry source.

The project’s structural and geophysical characteristics suggest a classic skarn-porphyry system, similar to successful deposits in the region. The presence of potassic feldspar veining and a high-resistivity magnetic core beneath the skarn strengthens the case for a porphyry feeder system. These findings align with the company’s objective to unlock the full mineral potential of the district-scale land package.

Financing and Share Issuances

To fund the acquisition and exploration, Algo Grande converted 10,198,402 subscription receipts at $0.375 each, raising $3.8 million. These funds will be used for exploration expenditures and operational obligations on the Adelita Project. Additionally, Infinitum Copper Corp. received 901,600 post-closing shares in connection with the financing, reflecting the collaborative nature of the transaction.

The acquisition involved two separate agreements: one with Infinitum for an 80% stake in the project via the acquisition of Exploraciones Margarita S.A. de C.V., and another with Minaurum Silver Inc. for the remaining 20%. The terms included cash and share payments, with shares subject to a four-month plus one-day statutory hold period. Algo Grande’s management emphasized that the reactivation on the TSXV was contingent on completing the acquisition and fulfilling other regulatory requirements.

Corporate Governance and Leadership

With the acquisition finalized, Algo Grande welcomed Gord Neal to its board, leveraging his over 30 years of experience in the mining sector. Neal’s appointment underscores the company’s commitment to strategic leadership and operational excellence. Enrico Gay, CEO, highlighted the significance of the acquisition, stating it marks an important milestone in the company’s transformation and exploration efforts.

Neal’s background includes a track record of fundraising, having raised over $750 million for resource companies, which aligns with Algo Grande’s capital needs for its exploration programs. The company also announced the grant of 2,870,000 stock options to directors, officers, and consultants, with 20% vesting immediately and 20% vesting every six months.

Investor Relations and Market Outreach

To enhance its market presence, Algo Grande has engaged three consulting firms under agreements subject to TSXV approval. Euroswiss, a Swiss firm, will provide strategic advisory services focused on European markets. GoldInvest, a German company, will support public awareness through its online platform, while Fairfax Partners will manage investor communications and digital marketing efforts. These partnerships reflect Algo Grande’s strategy to build a strong investor base and expand its global footprint.

Project Development and Permitting

The Adelita Project is fully permitted for exploration, including a 20-year underground mining permit, and is currently undergoing an initial drilling program. Algo Grande is also in the process of updating the registration of concessions previously held by Minaurum and a third party. No impediments to exploration or permit updates are anticipated beyond standard mining duties.

A technical report compliant with NI 43-101 standards has been filed, authored by Mr. Lorne Warner, a qualified person for the project. The report details historical exploration data and outlines the technical rationale for the project’s potential, providing a transparent foundation for future development.

Forward-Looking Statements and Risks

As with all mineral exploration projects, Algo Grande cautions that actual results may differ from current expectations due to geological uncertainties, operational challenges, and market conditions. The company emphasizes that the reactivation on the TSXV and exploration plans are subject to regulatory and market factors. Investors are advised to consider the risks outlined in the company’s filings.

In conclusion, Algo Grande Copper’s acquisition of the Adelita Project and its reactivation on the TSXV represent a pivotal step in the company’s strategy to advance a multi-system copper-gold-silver opportunity in a high-potential mining district. With a strong technical foundation, disciplined exploration approach, and robust leadership, the company is well-positioned to unlock value for shareholders while navigating the challenges of resource development.