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Sumitomo exits O'Sullivan Project, Kenorland regains full ownership in Quebec gold exploration.

Company Fundamentals
20 Apr 2026
Newsfile Corp
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Bullish
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Sumitomo Metal Mining Canada Ltd. has withdrawn from the joint venture agreement with Kenorland Minerals for the O'Sullivan Project in Quebec, effective May 9, 2026. This move returns 100% ownership of the project to Kenorland, which covers a significant area within a key gold mineralization zone in the Abitibi greenstone belt. The project is strategically located near major gold deposits and infrastructure, positioning Kenorland to advance exploration independently. Additionally, Kenorland will issue shares to Sumitomo and Centerra Gold to maintain their equity stakes following recent share issuances.

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