Mergers and Acquisitions

Kenorland Minerals Ltd. in its joint venture with Sumitomo Metal Mining

Kenorland Minerals Ltd.
Key Contact
Alan Hutchison

Partner, Corporate, Vancouver

Team
Patrick J. Sullivan

Partner, Corporate, Vancouver

Elena Nanocchio

Paralegal, Financial Services, Montréal

Constantine Troulis

Partner, Financial Services, Montréal

 

On January 16, 2024, Kenorland Minerals Ltd. announced it entered into a definitive agreement with Sumitomo Metal Mining Canada Ltd. to exchange 20 percent participating interest in the Frotet Project, situated in Quebec, for a 4 percent net smelter return royalty on all minerals extracted from the Project. This joint venture agreement will result in Sumitomo consolidating 100% ownership of the Project and termination of the agreement.

Kenorland Minerals Ltd. operates as a Canadian-based mineral exploration company with a focus early-stage explorations.

Sumitomo Metal Mining Canada Ltd.  operates as a wholly owned subsidiary of Sumitomo Metal Mining Co., Ltd.

Osler, Hoskin & Harcourt LLP advised Kenorland Minerals Ltd. with a team consisting of Alan Hutchison and Patrick Sullivan (Corporate); Constantine Troulis, Samuel Julien, and Elena Nanocchio (Financial Services).

Value
-
Date Closed
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Lead Office
Vancouver
Key Contact
Alan Hutchison

Partner, Corporate, Vancouver

Team
Patrick J. Sullivan

Partner, Corporate, Vancouver

Elena Nanocchio

Paralegal, Financial Services, Montréal

Constantine Troulis

Partner, Financial Services, Montréal