Although Tectonic Metals (TECT:TSX-V; TETOF:OTCQB; T15B:FSE) launched their $3M private placement under challenging market conditions, their two largest institutional shareholders, well-known Crescat Capital and Alaska’s leading Native Regional Corporation, Doyon, increased their shareholdings in Tectonic to support what both believe to be a transformative year for Tectonic, with lots of new drilling and exploration.
It is always a good sign of confidence when a large, well-known and widely followed shareholder like Crescat Capital decides to invest more into a tiny junior explorer via a strategic financing, even though they have been buying in the open market at higher cost levels increasing their ownership to 17.5% on a partially diluted basis.
Kenorland Minerals (KLD.V)(3WQO.FSE) keeps expanding and finding new mineralized structures at their Regnault target, part of their Frotet project in Quebec, part of the 20/80 JV with Sumitomo where Kenorland is the operator. After announcing the second 25 holes batch of their 57 hole - 17,792m 2021 summer-fall program, it is clear that Regnault contains a considerable gold system, spread out over multiple vein structures.
Rarely do you get the opportunity to invest in a junior at rock bottom levels at the beginning of what might be a new bull market, with a management team that has been at the core of success story Kaminak Gold Corporation (acquired for C$520M by Goldcorp, now Newmont, in 2016).
After completing their latest 17,792m 2021 summer drill program at their Regnault target, part of their Frotet project in Quebec, Kenorland Minerals (KLD.V)(3WQO.FSE) announced a large batch late December last year with the results of the first 32 holes (9,824m), with assays from the last 25 holes remaining once received back from the labs and interpreted properly.
It seems Kenorland Minerals (KLD.V)(3WQO.FSE) is doing very well at the summer drill program currently underway at their flagship Regnault project, as JV partner Sumitomo Metal Mining Canada was happy to do a strategic investment of no less than C$5.2M in Kenorland equity.