Canadian Firm: First-Mover in Saudi Arabia's $2.5 Trillion Mining Boom

This post is sponsored on behalf of SKRR Exploration. Senergy Communications Capital Inc. has been engaged by the company for consulting services and holds shares in SKRR. A principal of Senergy is also a director of SKRR Exploration.

SKRR.V Announces RTO with Kenz Global Resources, Gaining Direct Exposure to Saudi Gold/Copper Exploration

SKRR Exploration Inc. (TSXV: SKRR.V) has signed a Letter of Intent (LOI) to acquire Kenz Global Resources Ltd., a private company with a 63% interest in the flagship AM ARTI Gold Project — a 99 km² licensed exploration block in Saudi Arabia's underexplored Arabian Shield. Kenz also owns and operates several other exploration blocks located in Saudi Arabia which would be included in the transaction.

The transaction will be structured as a reverse takeover (RTO), with SKRR expected to rebrand as Saudi Minerals Company (TSXV: SMCO) and shift its strategic focus entirely to the Kingdom’s rapidly opening mining sector.

Saudi Arabia is not just mineral-rich - it's actively deploying capital and rewriting policy to attract explorers. The Kingdom’s estimated $2.5 trillion in mineral wealth is now front and center in its economic transformation. According to the Ministry of Industry and Mineral Resources, over $32 billion has already been invested into mining infrastructure - including roads, ports, and processing hubs - and foreign investors are now being granted full ownership rights, tax incentives, and access to expedited licensing processes. The government is backing exploration and actively working with junior and major players alike to unlock a new global mining hub. That includes streamlining permitting timelines, supporting ESG-compliant operations, and launching major licensing rounds across gold, base metals, and battery materials.

In a report titled "Saudi Arabia Doubles Down on Mining," S&P Global Ratings said the sector is poised for rapid expansion, with its contribution to gross domestic product expected to surge from $17 billion in 2024 to $75 billion by 2030, under the government's Vision 2030 strategy.

Why this deal matters: Kenz’s AM ARTI project is located within the Afif Terrane along the Nabitah Suture Zone - a highly prospective geological corridor. SKRR gains access to a permitted asset, with boots-on-ground presence via Kenz’s Saudi subsidiary, and alignment with a government that is fast-tracking mineral development. This is not just a project - it’s a strategic platform for growth in a Tier 1 jurisdiction that’s just opening its doors.‍

About the transaction: SKRR will acquire 100% of Kenz Global Resources. Post-deal ownership will be ~75% Kenz shareholders / ~25% SKRR shareholders. The deal includes bridge financing and is subject to TSXV approval, due diligence, and delivery of a NI 43-101 technical report. The company will rebrand to reflect its new Saudi-focused mandate.

This RTO positions SKRR as one of the only Canadian juniors with direct exposure to Saudi Arabia’s mining sector - a jurisdiction where the government is doing more than just permitting: they're actively enabling discovery. For investors seeking early-stage upside in a globally significant resource market, SKRR’s reset offers asymmetric potential.

Ticker: TSXV: SKRR (stock is currently halted pending the announcement of a definitive agreement).

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Disclosure & Disclaimer

This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. AI Capital News (DBA Senergy Communications Capital Inc.) has been engaged by SKRR Exploration for marketing services and has received a consulting fee of $10,000 in connection with the sponsorship of this article, along with other services. A principal of Senergy is also a director of SKRR Exploration. In addition, we hold a share position in the company.

Investors are strongly encouraged to conduct their own due diligence and consult a licensed financial advisor before making any investment decisions.

This article does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities mentioned herein have not been registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold in the United States unless registered under the U.S. Securities Act and applicable state laws or an exemption from such registration is available.

Cautionary Note Regarding the Proposed Transaction

Completion of the proposed transaction is subject to a number of conditions, including, but not limited to, TSX Venture Exchange approval and, if applicable, disinterested shareholder approval. The transaction cannot be completed until all required approvals are obtained. There is no assurance that the proposed transaction will be completed as currently contemplated or at all.

Investors are cautioned that, except as disclosed in any future management information circular or filing statement to be prepared in connection with the transaction, any information released or received in relation to the proposed transaction may be incomplete or inaccurate and should not be relied upon. Trading in the securities of SKRR Exploration should be considered highly speculative.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this article.

All information in this article relating to SKRR and Kenz was provided by the respective parties. SKRR and its officers and directors have relied on Kenz for the accuracy of any such information.

Neither the Exchange nor its Regulation Services Provider (as defined in Exchange policies) accepts responsibility for the adequacy or accuracy of this article.