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The latest update is out from Kenadyr Metals ( ($TSE:KEN.H) ).
Kenadyr Metals Corp. has successfully closed the first tranche of its subscription receipt financing, raising over $2.26 million. This funding is part of the company’s strategy to reactivate on the TSX Venture Exchange and acquire the Adelita Project, with proceeds earmarked for project development and general capital purposes. The move is expected to bolster Kenadyr’s position in the copper exploration industry, particularly in the productive Sonora–Arizona Copper Belt.
More about Kenadyr Metals
Kenadyr Metals Corp., soon to be renamed Algo Grande Copper Corp., is focused on high-grade copper exploration in the Sonora–Arizona Copper Belt, a region known for its significant copper production. The company is acquiring the Adelita Project in Sonora, Mexico, which features the Cerro Grande skarn, a high-grade Cu-Au-Ag system, and is utilizing advanced geophysical modeling to enhance exploration efforts.
Average Trading Volume: 10,454
Technical Sentiment Signal: Buy
Current Market Cap: C$8.2M
See more insights into KEN.H stock on TipRanks’ Stock Analysis page.