KLM.V - Kermode Resources Ltd.

KERMODE RESOURCES (TSXV:KLM)

Tickers:
TSXV: KLM
OTC: KMDRF
Discord :
https://discord.gg/UN2DDvSsw5

KERMODE RESOURCES LTD. is domiciled in British Columbia, Canada and listed on the TSXV Venture Exchange. Kermode refers to a "spirit bear" as a noteworthy icon of BC cultural heritage. Kermode is a mining exploration company dedicated to working with prospectors who provide property option deals and do work on shares-for-services basis.

Contact Info: Peter Bell  (@Newton on CEO.ca)

CEO Phone: 1-250-588-6939

CEO Email: peterbellmining@gmail.com

CFO Email:  Andrew Low <KR@newcrestcorp.com>


Company Directory: [https://linktr.ee/kermoderesources](https://linktr.ee/kermoderesources)

"911 MINING" Website: https://kermoderesources.ca/

Kermode bear

Social Content

Directors and Management

Name Title Professional
Designations
Additional Notes:

Bell, Peter
Director & Officer President and CEO
Tek Manhas Director Independent director
Maxime Lepine Director Independent director

Share Structure

Approximately 142M common shares issued and outstanding
*Source - TMX website https://money.tmx.com/en/quote/KLM

Fully Dilute approximately 158M
*As at October 2022

(a) stock options for 6M shares expiring 2026 and 2027 at $0.05 strike,
(b) warrants at $0.05 for approximately 10M shares expiring February 2024.

Insider Ownership

Name Common Shares
Peter Bell approximately 8.5% ownership, 12M shares

*Source: SEDI
https://ceo.ca/api/sedi?insider=Bell,%20Peter%20Newton

Financing History/Prior Sales

Date Shares Gross Proceeds Warrants Full Warrant
Price
Full Warrant
Period
2022-Q1 Approximately 10M shares at $0.025 Approximately $250,000 full warrant $0.05 24 months
...

*Source: TSXV Bulletins
http://infoventure.tsx.com/TSXVenture/TSXVentureHttpController?GetPage=Financings&PO_ID=1024193&HC_FLAG1=Y

Shares for Other than Financing

Date Notes:
2021-Q4 8,980,197 shares at a price of $0.015 to settle outstanding debt of $134,702.97
6 Creditors
Inducement: Maplegrow Capital Inc. $9,752.70 $0.015 650,180 (Peter Clausi)
Inducement: Francine Long $9,752.70 $0.015 650,180
Inducement: Nadon Professional Corporation Y $4,876.35 $0.015 325,090 (Ashley Nadon)
Inducement: John Fahmy $4,876.35 $0.015 325,090
Trade Payables: Peter Bell $85,444.86 $0.015 5,696,324

*Source: TSXV Bulletins
http://infoventure.tsx.com/TSXVenture/TSXVentureHttpController?GetPage=NoticesContents&PO_ID=1024193&NOTICE_ID=270800&CORRECTION_FLG=N&HC_FLAG1=checked

Executive Compensation excluding Compensation Securities

Name Position 2023 YTD 2022 2021 2020
Peter Bell Director, CEO $0 $0 $0 N/A
Andrew Low
LIU, ZHIZHEN
CFO $0 N/A N/A N/A
Ashley Nadon FORMER CFO C. $4,000 C. $16,000 $0 N/A
Connor Sarsfield Corporate
Secretary
$0 $5,000 $0 N/A

**** *
*Contact Chief Financial Officer of KERMODE RESOURCES LTD. at this email, *
Andrew Low <KR@newcrestcorp.com>

KERMODE EXPLORATION PROJECTS

Deal action since Peter Bell became CEO in August, 2021...

Terminated Options

VIDETTE LAKE
- Abandoned in 2022-Q2 because of several problems with the vendor and exploration service provider. Original terms negotiated by former management in 2020-Q2, but deal did not get exchange approval until 2021-Q1 (we had a technical report written the project vendor but needed an independent one because it was a fundamental acquisition).  The original introduction for this project was made by Peter Bell after he joined the board in January 2020, but Peter was not involved in negotiation of deal terms because he was an independent director at the time. 

Cancelled LOI

Rye Patch Silver, Nevada (Started December 2021; ended August, 2022)

Brazeau Rumleski Gold, Ontario (Started April 2022; ended August, 2022)

Khrysos Gold, BC  (Started March 2022; ended August, 2022)

Seahorse Saddle, Australia (Started February 2022; ended February 2022)

Marchand Creek, BC (Started September 2022; ended March 2023)

Mt Polley East, BC (Started November 2022; ended March 2023)

Black Bear (Started August 2022; ended March 2023)

Copper King (Started August 2022; ended March 2023)

Projects Snapshot

Project Name Stage Mineral(s) Location Vendor Notes
Little Bay Copper Option Cu NFLD PLANET X group Optioned April 2022
$0 exploration spending as at 2023-Q1
Grey Copper / Jonathan's Pond Option Au NFLD PLANET X group Optioned December 2022
$20,000 exploration spending as at 2023-Q1
Lucky Strike Option Cu BC 911 MINING group Optioned in July 2022 with ongoing work since
Star of the West Option Cu BC 911 MINING group Optioned in October 2022 with ongoing work since
Caycuse Option Cu BC 911 MINING group Optioned in December 2022 with ongoing work since
Loup Creek Option Cu BC 911 MINING group Optioned in December 2022 with ongoing work since
Santana Mine LOI Cu-Au? BC 911 MINING group LOI signed August 2022
First site visit planned May 2023
Brazeau Copper LOI Cu ON Mark Brazeau group LOI signed March 2023
Ongoing data compilation
First site visit planned March 2023
Khrysos & Silver Bell LOI Au & Ag BC Milosz Mielniczuk LOI signed March 2023
First site visit planned June 2023
911 KNOCKOUT LOI Cu, Au BC 911 MINING group LOI signed March 2023
Includes 3 projects: Maidan, Robertson River, Comego
Kermode can take any or all of the projects at any time
Ongoing field work
Sleese Creek LOI Au BC 911 MINING group LOI signed March 2023
Ongoing Field Work
Turd Blossom Lithium LOI Li NFLD PLANET X group LOI signed March 2023No significant exploration to date
...

Project Reference Materials

Exploration Strategy

CEO Peter Bell has this to say about Kermode's plans:

One of the things about bear markets is a classic line that I heard from Ian Cassel recently on Twitter. I had heard the line, "The bad part of bull markets is inexperienced people giving advice to other inexperienced people." But I hadn't heard the other part of the line, "The bad part of bear markets is experiencing people saying I told you so." That comes back to me for this discussion about people saying it can't be done -- that there are no prospectors out there who are willing to work for shares. That one always made me scratch my head. What? You're telling me there are people out there who want to option you their property, but they only want cash on the property deal? And they'll do work, but cash-only for the work? Hold on, do they believe in the property? Taking cash only leads me to believe they don't want to have upside exposure to it. If they say, " well, we can't afford to get paid in shares." Then that’s okay. I understand that. This strategy is not for everyone, but I've found two groups who can option projects and then contract-back the work and do the work for shares. To me, that was a surprise because it's proof positive that these people are out there. They're not making inadvertent mistakes.

https://ceo.ca/@Newton/klm-newtoninterviews-prospecting-for-shares

Note that Kermode currently has no exploration results from any projects under option. However, the 911 MINING crew continues to do ongoing exploration at all four of the option projects and hunt for more opportunities. The amounts capitalized for each project are detailed in the financial statements and the ongoing shares-for-services payments are reported on a monthly basis for 911 MINING and PLANET X. Kermode continues to search for opportunities where it can option prospective projects from vendors who can do the exploration work at the project on a shares-for-services basis.



Here is a one-pager that was created as an exercise by one shareholder distilling their own thoughts about the company.  It is not intended as financial advice and was done without consultation with or permission from the company.  Take it or leave it, it's worth exactly what you paid for it...nothing!

Kermode Resources at-a-Glance.png
PDF version is available here.