Big news out of Kenorland Minerals (“Kenorland” or the “Company”) (TSX.V:KLD – OTCQX:KLDCF – FSE:3WQ0) on January 16th. The Company announced its converted a 20% Joint Venture (“JV”) interest in the Frotet Project to a 4% net smelter return (“NSR”) royalty. The agreement is made with Sumitomo Metal Mining Canada (“Sumitomo”), who now consolidates 100% ownership in the Frotet Project. The Project was staked by Kenorland back in 2017 and the JV was formed in 2018.

Zach Flood, President and CEO of Kenorland joins me to discuss this major stepping stone for the Company. After providing a bit of history on the Project we discuss how the Company will manage the royalty. The Company also retains data rights and will be the operator at the Project for at least 1 year to “facilitate a successful transition of operatorship to Sumotomo”. This means Kenorland will be able to release news on drilling, any resource calculations and other information on continued work. 

Please email me with any follow up questions for Zach. My email address is Fleck@kereport.com.

Click here to visit the Kenorland website and read over the full news release.