Kenadyr Metals Signs Definitive Agreement to Acquire North American Copper Project
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Kenadyr Metals Signs Definitive Agreement to Acquire North
American Copper Project
VANCOUVER, BC – June 20, 2025 - Kenadyr Metals Corp. (TSX-V: KEN.H; OTC-MKTS: KNDYF; FRA:
KM0) (the “Corporation” or “Kenadyr”) announces it has entered into a definitive share purchase
agreement dated June 13, 2025 with Infinitum Copper Corp. (“Infinitum”), an arm’s length party
to Kenadyr, to acquire 100% of Exploraciones Margarita S.A. de C.V., a private Mexican company
that holds an 80% interest in the Cerro Grande copper-gold-silver skarn discovery, located in
Sonora, Mexico.
Acquisition supports Kenadyr’s plan to build a North America-focused copper
company advancing high-grade assets.
Kenadyr to acquire 100% of Exploraciones Margarita S.A. de C.V., which holds an 80%
interest in the Cerro Grande discovery and surrounding claims, known as “the Adelita
Project,” in Sonora, Mexico.
Cerro Grande is a Cu-Au-Ag skarn system, with over US$8 million in historical
exploration, including 7,000+ metres of drilling.
Timothy McCutcheon, CEO of Kenadyr Metals, commented: “We believe the Adelita Project
offers a compelling copper development and exploration opportunity, anchored by the Cerro
Grande discovery and a large land position in a globally significant copper-producing region. We
look forward to working with local partners in Mexico and evaluating this opportunity further.”
This acquisition marks a significant step in Kenadyr’s strategy to assemble a portfolio of high-
grade copper assets in North America, positioned to support the global energy transition and
benefit from strong regional infrastructure, skilled workforce, and established permitting
pathways.
Transaction Terms
Under the terms of the agreement, Kenadyr will acquire 100% of the shares of Exploraciones
Margarita S.A. de C.V. from Infinitum, on an “as is, where is” basis, in exchange for:
• CAD $100,000 in cash (inclusive of a previously paid $25,000 deposit), and
• 1,842,719 Kenadyr common shares (“Common Shares”), which are subject to
voluntary resale restrictions with releases occurring over a period of 18-months,
at a deemed issue price of $0.32 per Common Share.
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Total value of the consideration payable to Infinitum at closing would be $689,670 in cash and
Common Shares.
As part of the transaction, for a period of 12 months following the Closing Date, upon Kenadyr
closing any equity financing up to and totaling $3.5 million, Kenadyr will issue to Infinitum as a
post-closing payment, and for no additional consideration, such number of Common Shares that
will result in Infinitum continuing to hold 9.0% of the Common Shares, up to a maximum of
2,588,000 additional Common Shares. In the event that Kenadyr raises $3.5 million in the next
12 months, the maximum consideration payable as a post-closing payment will be approximately
$350,000.
The transaction is subject to customary conditions, including approval by the NEX Board of the
TSX Venture Exchange (“NEX”) for Kenadyr and approval of the TSX Venture Exchange. The
transaction will be a fundamental acquisition for Kenadyr, but Kenadyr will not be applying to
reactivate from NEX to the TSX Venture Exchange at this time. Trading in Kenadyr’s common
shares will remain halted pending receipt and review of acceptable documentation pursuant to
Section 5.6(d) of TSX Venture Exchange Policy 5.3.
ON BEHALF OF KENADYR METALS CORP.
“Tim McCutcheon”
Tim McCutcheon
Chief Executive Officer and Director
For more information, please contact:
Tim McCutcheon or Kevin Ma
E-mail: [email protected]
Cautionary Statement on Forward-Looking Information
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN
THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF
THIS RELEASE.
This press release contains forward-looking statements and forward-looking information (collectively, "forward-
looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than
statements of historical fact, included herein including, without limitation, statements regarding the anticipated
content, commencement, timing and cost of exploration programs, anticipated exploration program results, the
discovery and delineation of mineral deposits/resources/reserves, and the anticipated business plans and timing of
future activities of the Company, are forward-looking statements. Although the Company believes that such
statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking
statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and
similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that
any forward-looking statements by the Company are not guarantees of future results or performance, and that actual
results may differ materially from those in forward looking statements as a result of various factors, including, but
not limited to, the state of the financial markets for the Company's equity securities, the state of the commodity
markets generally, variations in the nature, quality and quantity of any mineral deposits that may be located,
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variations in the market price of any mineral products the Company may produce or plan to produce, the inability of
the Company to obtain any necessary permits, consents or authorizations required, including TSXV acceptance, for
its planned activities, the inability of the Company to produce minerals from its properties successfully or profitably,
to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies,
and other risks and uncertainties disclosed in the Company's latest interim Management Discussion and Analysis and
filed with certain securities commissions in Canada. All of the Company's Canadian public disclosure filings may be
accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed
with respect to the Company's mineral properties.