Algo Grande Copper secures 100% of the Adelita project in the Sonora-Arizona copper belt, launches its first drill program at Cerro Grande, and returns to the TSX Venture Exchange with a new name.
Algo Grande Copper Corp., formerly Kenadyr Metals Corp., announces the completion of the full acquisition of the Adelita copper-gold-silver project in Mexico. The approximately 5,895-hectare project is located in the productive Sonora-Arizona copper belt and will form the core asset of Algo Grande Copper (TSX-V: ALGR) in the future.
The Adelita project is characterized by the high-grade Cerro Grande skarn deposit, which remains open along strike and at depth. In addition, several previously untested skarn targets have been identified along an approximately six-kilometer trend, as well as an approximately 4.5-kilometer-long porphyry anomaly – a geological setting that is typical of larger copper-gold-silver systems in the region.
Algo Grande Copper initially acquired 80% of the project through the purchase of the Mexican company Exploraciones Margarita S.A. de C.V. from Infinitum Copper Corp. The remaining 20% was acquired from Minaurum Silver Inc. and its Mexican subsidiary. Algo Grande Copper now has 100% of the rights to the Adelita project.
Structure of the transaction and reactivation of Algo Grande Copper
The acquisition was structured through a combination of cash and share components. For Infinitum’s 80% stake, Algo Grande Copper paid CAD 100,000 in cash and issued 1,842,719 common shares, which are subject to voluntary resale restrictions over 18 months. In addition, Infinitum will receive a further 901,600 shares in connection with the closing of the financing.
For Minaurum’s remaining 20% stake, 313,953 shares were issued. In addition, a 1% net smelter return royalty was agreed on future production from the project. All securities issued in connection with the acquisition are subject to a statutory holding period of four months plus one day.
In parallel, Algo Grande Copper confirms the conversion of 10,198,402 subscription receipts at CAD 0.375 each into regular common shares. The funds previously held in trust are now available and will be used primarily for payment obligations from the acquisition, exploration expenses on the Adelita project, and general operating resources.
The completed acquisition was a central criterion for the reactivation of the company on the TSX Venture Exchange. Following completion of the outstanding formalities, Algo Grande Copper expects final approval of the stock exchange segment. The shares are expected to be traded on the TSX-V under the new ticker symbol “ALGR” from December 23, 2025 – a further step in the strategic realignment of Algo Grande Copper.
Adelita Project: Cerro Grande Skarn Deposit and Porphyry Potential
Algo Grande Copper’s Adelita project benefits from extensive historical work totaling more than US$8 million. This includes approximately 7,000 meters of drilling, area-wide VTEM, IP, and magnetic surveys, rock and soil sampling, and detailed mapping.
The Cerro Grande skarn deposit has been delineated as a high-grade copper-gold-silver system, which is currently known to extend over an approximately 300-meter-long mineralized corridor. Newly interpreted data suggest that the skarn mineralization continues below approximately 350 meters and could extend northwest along a structural fold. This results in a potentially up to 1.2-kilometer-long mineralized trend that has so far only been partially explored.
Several geological features – including potassic alteration, feldspar porphyry dikes, a highly resistive magnetic core below the skarn, and zoned geochemistry – suggest the presence of a porphyry feeder at depth. This model corresponds to classic porphyry-skarn architectures, as documented in northwestern Mexico at neighboring deposits such as Piedras Verdes and Alamo Dorado.
Algo Grande Copper is currently implementing a Phase 1 work program that combines several data streams: oriented core drilling to capture structural geometry, detailed soil magnetics to delineate magnetite-rich horizons and intrusive centers, a close-meshed 50×50-meter soil sampling grid to refine near-surface targets, and 3D inversions of geophysical data to sharpen porphyry targets at depth. These data sets will be used to derive a Phase 2 drilling program for the second quarter of 2026, which will target an expansion of the high-grade skarn mineralization and initial depth tests of the suspected porphyry body.
Leadership, approvals, and next steps for Algo Grande
The reactivation is accompanied by personnel reinforcements at Algo Grande Copper. The company had previously appointed Enrico Gay as CEO. Gord Neal, who can look back on over three decades of management experience in the metal and mining sector and was instrumental in value creation at MAG Silver, among others, has been newly appointed to the Board of Directors. Overall, the new management structure is intended to support the implementation of the exploration strategy on the Adelita project.
On the approval side, Adelita is fully approved for exploration activities. Of particular note is a 20-year underground mining permit over the Cerro Grande skarn zone, which could enable a rapid transition from exploration to expanded underground operations in the future. At the same time, Algo Grande Copper is currently working on formally updating the entries of all concessions in the Mexican mining register. The company can already make full use of the areas; in addition to the usual fees, no major hurdles are expected when updating the registration.
Algo Grande Copper describes Adelita as a district-scale project with multi-system potential, which includes skarn structures as well as porphyry and hydrothermal Cu-Zn-Au targets. With the now completed full acquisition, the strengthened capital base, and the return to a regular segment of the TSX Venture Exchange, the company is focusing on systematically further defining the geological potential of the project and further expanding the role of Algo Grande Copper in the Sonora-Arizona copper belt.
In the New Year, we will present Algo Grande Copper to our readers in detail once again. It is best to subscribe to our newsletter or our browser push so you don’t miss anything!
Advertisement/Promotion – This article is distributed on behalf of Algo Grande Copper.
