SKRR and Kenz Global Join Forces for Saudi Arabia’s Mining Boom

SKRR Exploration’s Strategic Shift to Saudi Arabia’s Gold Frontier

Editorial Team (ET)August 7, 2025

In a move that’s got the mining world buzzing, SKRR Exploration Inc. (TSXV: SKRR) has thrown its hat into the ring with a non-binding letter of intent (LOI) to acquire Kenz Global Resources Ltd. in a reverse takeover deal that could redefine its future. Announced on August 1, 2025, this strategic pivot aligns SKRR with Saudi Arabia’s ambitious Vision 2030 mining initiatives, positioning the Vancouver-based explorer at the heart of a burgeoning gold sector. With a potential rebrand to “Saudi Minerals Corporation” and a focus on Kenz’s AM ARTI gold project, SKRR is betting big on the Arabian-Nubian Shield’s untapped potential. But can this junior miner pull off a seamless transition from Saskatchewan’s Trans-Hudson Corridor to the sands of Saudi Arabia? Let’s dig into the details.

The proposed transaction, structured as a reverse takeover under TSX Venture Exchange (TSXV) Policy 5.2, will see SKRR acquire all of Kenz’s issued and outstanding securities, making Kenz a wholly-owned subsidiary. Upon completion, Kenz shareholders are set to dominate, holding 75% of the resulting issuer’s shares, while SKRR shareholders retain 25% on a fully-diluted basis. The deal, still in its non-binding phase, hinges on negotiating a definitive agreement by December 31, 2025, with trading in SKRR shares halted until the TSXV gives the green light. The resulting issuer is expected to list as a Tier 2 Mining Issuer, a step up that could elevate SKRR’s market presence.

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