202613 releases
Enduro Metals Discusses 2026 Exploration Season at Newmont Lake; Extends IP Coverage at Andrei and Southmore; New Porphyry Occurrence identified at FK
Enduro Metals reported on its 2026 exploration season at its 100%-owned Newmont Lake Project in British Columbia's Golden Triangle, following field work that ended in late September. The company extended induced polarization coverage northeast of the Andrei drilling area, completed IP surveys at Southmore and Camp, and identified a new porphyry-style occurrence at FK. Assay results from the Andrei drill program and surface sampling remain pending.
Drill resultsEnduro Metals Completes Inaugural Drill Program at Andrei; Identifies Porphyry and Epithermal-Style System
Seven diamond drill holes totalling 2,700 metres were completed at the Andrei copper-gold porphyry target on the 100%-owned Newmont Lake Project in British Columbia's Golden Triangle, testing two chargeability anomalies within a greater than four-kilometre combined chargeability and magnetic anomaly. AD-03 intersected porphyry-style alteration and quartz-sulphide veining increasing downhole, while AD-04 (63 m to 92 m) and AD-06 (436 m to 444 m) cut low-sulphidation epithermal veining and breccias. Assays are pending later in the year; Phase 2 work includes a planned 20 line-kilometre IP survey.
Drill resultsEnduro Metals Commences First-Ever Drill Program at the Andrei Copper-Gold Porphyry Target
Drilling has begun at the previously undrilled Andrei copper-gold porphyry target on the 100%-owned, 688 km² Newmont Lake Project in British Columbia's Golden Triangle, with a Phase One program of approximately 3,000 metres of diamond drilling testing an open-ended 4-kilometre chargeability and magnetic anomaly within a 14-kilometre magnetic-high trend. The program also extends the induced polarization survey to the northeast. Separately, 4,040,000 stock options were granted at $0.16 per share, expiring June 26, 2031.
Drill resultsEnduro Metals Announces Board Changes
Cole Evans has resigned as a director of Enduro Metals, effective immediately, to devote more time to other business commitments; he had served on the board since his appointment as CEO in January 2020. William Slack, the Company's current President, has been appointed to the Board of Directors, effective immediately. Enduro's focus is the 688 km² Newmont Lake Project in British Columbia's Golden Triangle.
ManagementEnduro Metals Outlines 2026 Exploration Program on Newmont Lake Project, British Columbia
A 3,000 metre phase one diamond drill program, comprising up to seven holes each up to 500 metres, will test the Andrei copper-gold porphyry target at the 100%-owned, 688 km² Newmont Lake Project in British Columbia's Golden Triangle, with rig mobilization expected by July 2026. The fully funded 2026 program also includes expanded IP surveying at Andrei, mapping and sampling at the FK and Southmore targets, and prospecting and geochemical sampling at the Camp Zone.
Drill resultsEnduro Metals Provides Update on Amended NSR Agreement on its Newmont Lake Project, British Columbia
A second amending agreement dated June 18, 2026 with Oreterra Metals Corp. sets a deemed floor price of $0.135 for any share consideration payable under the January 31, 2022 NSR agreement on the Newmont Lake Project, British Columbia. TSX Venture Exchange conditional acceptance was received, and Enduro issued 3,900,000 common shares to Oreterra and paid an initial $175,000 of $550,000 in cash payments due over two years. Enduro retains the right to buy back 50% of the 2% NSR for $8,000,000.
CorporateEnduro Metals Closes $8.9 Million Financing
A private placement financing closed for aggregate gross proceeds of $8,851,654, comprising a LIFE Offering of 9,375,000 non-flow-through units at $0.16 and 28,643,880 charitable flow-through units at $0.22 for $7,801,654, plus a concurrent placement of 6,562,500 NFT units at $0.16 for $1,050,000. Each unit includes a half warrant exercisable at $0.24 for 36 months. Flow-through proceeds will fund Canadian exploration expenses in British Columbia by December 31, 2027, renounced effective December 31, 2026. Beacon Securities acted as sole agent; TSXV final approval is pending.
FinancingEnduro Metals Announces Upsize of LIFE Offering and Concurrent Private Placement
A previously announced best-efforts private placement has been upsized to up to 9,375,000 non-flow-through units at $0.16 and up to 28,643,880 charitable flow-through units at $0.22, for gross proceeds of up to $7,801,654 under the Listed Issuer Financing Exemption, alongside a concurrent private placement of up to 6,562,500 NFT Units at $0.16 for up to $1,050,000. Each unit includes a half warrant exercisable at $0.24 for 36 months. Beacon Securities is sole agent; closing is expected on or about May 14, 2026. Flow-through proceeds fund British Columbia exploration by December 31, 2027.
FinancingEnduro Metals Secures Royalty Buyback Option and Simplifies Royalty Structure on Newmont Lake Project, British Columbia
An amending agreement dated April 27, 2026 with Oreterra Metals Corp. gives Enduro the right to buy back half of Oreterra's 2% NSR royalty on the Newmont Lake Project in British Columbia, cutting it to 1% for a one-time $8,000,000 payment prior to commencement of extraction. Share-based resource-linked payments are replaced with cash milestones of $500,000 on a maiden resource, $1,750,000 plus a $1,750,000 advance royalty on first feasibility study, and $10,000,000 on a permitting decision. Enduro will issue 3,900,000 shares and pay $550,000; TSX Venture Exchange approval is required.
NewsEnduro Metals Announces $5 Million LIFE Offering
A best efforts private placement for combined gross proceeds of up to $5,000,200 has been arranged with Beacon Securities Limited as sole agent, comprising up to 9,375,000 non-flow-through units at $0.16 for up to $1,500,000 and up to 15,910,000 charitable flow-through units at $0.22 for up to $3,500,200. Each unit includes a half warrant exercisable at $0.24 for 36 months. Flow-through proceeds fund Canadian exploration expenses in British Columbia by December 31, 2027; closing is expected about May 14, 2026.
FinancingEnduro Metals Identifies New Gold Skarn in Bedrock, Expands 5.5 km Gold-Copper Target at October Dome Project, BC
Gold skarn has been identified in bedrock for the first time at the 100%-owned October Dome Project near Likely, central British Columbia, extending a gold-copper target area to 5.5 kilometres. The 2025 program collected 46 rock and 9 soil samples; float and bedrock samples returned background to 0.54 g/t gold over a 600 metre trend, and soils defined a 450 metre gold anomaly of 74 ppb to 912 ppb gold with copper up to 0.13%. Follow-up surface work and drill targeting are being evaluated.
Drill resultsEnduro Metals Completes Sale of Pedro Gold Project, México to Southern Empire
The sale of a 100% interest in the 1,750-hectare Pedro Gold Project in Durango State, Mexico to Southern Empire Resources Corp. has closed. Under amendments to the original option agreement, Southern Empire issued Enduro 2,000,000 common shares, subject to a four-month resale restriction, and agreed to a $2,000,000 milestone payment upon commencement of commercial production. Enduro retains a 2% net smelter return royalty with no buydown provision. Southern Empire acquired the tenements via a 100% beneficial interest in Minera BRG, S.A. de C.V.
AcquisitionEnduro Metals Announces Results of Rock Sampling at the Newmont Lake Project, Golden Triangle, BC, Large Copper-Gold System Confirmed at Andrei; High-Grade Gold up to 113 g/t Au Identified at Camp Zone
Rock sampling from the July–September 2025 program at the 100%-owned Newmont Lake Project (688 km², Golden Triangle, BC) returned copper values exceeding 10% Cu at the Andrei porphyry copper-gold target, with 25% of 176 samples above 0.1% Cu and 10% above 1 g/t Au, on the flanks of a 4 km by 1.2 km open-ended IP chargeability anomaly. At the Camp Zone, samples from narrow sub-metre quartz-pyrite veins returned up to 113 g/t Au with 142 g/t Ag. A 2026 drill program is in advanced planning.
Drill results
202513 releases
Enduro Metals Expands Andrei Target with Acquisition of Adjacent Claims at Newmont Lake Project, Golden Triangle BC
A purchase agreement with Romios Gold Resources will give Enduro Metals a 100% interest in a 12 km² claim block immediately north of its Andrei porphyry copper-gold target at the 700 km² Newmont Lake property in British Columbia's Golden Triangle, for cash consideration of C$300,000, with the claims remaining subject to an existing Net Smelter Return royalty. The new claims host a 1.5 km by 2.5 km magnetic high anomaly, and with a third anomaly northeast of Andrei define a 14 km porphyry corridor. Drilling is planned for 2026.
AcquisitionENDURO METALS GEOPHYSICS DEFINES 4 KM ANDREI TARGET AT NEWMONT LAKE
Ground induced polarization over the Andrei porphyry copper-gold target at the 100%-owned 688 km² Newmont Lake Project in British Columbia's Golden Triangle has delineated a 4 km by 1.2 km zone of elevated chargeability, with two internal zones exceeding 15 mv/v coincident with high resistivity and magnetic highs; the anomaly is open off grid and at depth. The program included 2,000 line-kilometres of airborne magnetics at 100 m line spacing over Andrei and Twin, and 20 line-kilometres of IP. Results will guide an inaugural Andrei drill program in 2026; all 2025 geochemical assays remain pending.
Drill resultsEnduro Metals and Southern Empire Finalize Earn-In to the Pedro Gold Project, Mexico
Southern Empire Resources will acquire a 100% interest in the 1,750-hectare Pedro Gold Project in Durango State, Mexico, by purchasing Enduro's Mexican subsidiary Minera BRG, S.A. de C.V., issuing Enduro 2,000,000 Southern Empire common shares plus a $2,000,000 milestone payment upon commencement of commercial production; Enduro retains a 2% NSR royalty with no buydown. The deal is subject to TSX Venture Exchange approval. Enduro also granted 3.69 million stock options to officers and directors at $0.155, expiring in five years.
AcquisitionEnduro Metals Provides Update on 2025 Exploration Program at the Newmont Lake Project in the Golden Triangle of British Columbia – Andrei Porphyry Target Expanded to 6 km2
Mapping at the Andrei porphyry copper-gold target on the 688 km2 Newmont Lake project in British Columbia's Golden Triangle has expanded the target to approximately 6 km2, extending the system 3.4 km southwest of the original North Toe occurrence. Work completed since crews mobilised July 2, 2025 includes 2,000 line-kilometres of airborne magnetic surveying at 100 metre line spacing over the Andrei and Twin targets and 20 line-kilometres of ground IP at Andrei. Field work continues to September 30, 2025, with a maiden Andrei drill program planned for 2026.
Drill resultsEnduro Metals Announces Completion of Private Placement
The second and final tranche of the non-brokered private placement announced July 16, 2025 closed for gross proceeds of $890,650.15, bringing total gross proceeds to $3,621,127.58. The tranche comprised 289,190 flow-through shares at $0.185 and 5,581,000 non-flow-through units at $0.15, each unit including a half warrant exercisable at C$0.22 until September 5, 2027. Flow-through proceeds will fund exploration at the 688 km2 Newmont Lake project in British Columbia's Golden Triangle; working capital from the units.
FinancingEnduro Metals Announces Increase to Non-Brokered Private Placement and Closes First Tranche
The first tranche of a non-brokered private placement closed for gross proceeds of $2,730,477.43, and the offering size was increased to up to $3.5 million. The tranche comprised 1,945,825 flow-through shares at $0.185 and 15,803,332 non flow-through units at $0.15, each unit including a half warrant exercisable at C$0.22 until August 19, 2027. Flow-through proceeds will fund exploration at the 688 km2 Newmont Lake project in British Columbia's Golden Triangle; finders fees of $91,694.99 cash and 599,741 warrants were paid.
FinancingEnduro Metals Commences 2025 Field Program At The Newmont Lake Project In The Golden Triangle Of Northwest British Columbia
Field crews have mobilised for a phase 1 exploration program at the 688 km² Newmont Lake project in British Columbia's Golden Triangle, comprising 2,120 line-kilometres of airborne magnetic surveying using a Heli-GT system at 100-metre line spacing in two blocks, 20 kilometres of ground induced polarization surveying at the Andrei porphyry copper-gold target, and geological mapping with rock and soil sampling. Work also covers the newly identified Twin target. A phase 2 drill program is targeted for late 2025 or more probably 2026.
Drill resultsEnduro Metals Announces C$2 Million Private Placement
A non-brokered private placement of up to C$2 million is proposed, consisting of non-flow-through units at C$0.15 per unit and flow-through shares at C$0.185 per share, with each unit including a half warrant exercisable at C$0.22 for 24 months. Proceeds will fund exploration and development of the 688 km2 Newmont Lake project in British Columbia's Golden Triangle, plus working capital. Closing is expected on or before August 7, 2025, subject to TSX Venture Exchange approval.
FinancingEnduro Completes Acquistion Of Commander Resources Ltd.
The acquisition of Commander Resources Ltd. has closed under a court-approved plan of arrangement, with Enduro issuing 23,692,393 shares at an exchange ratio of 0.535 Enduro share per Commander share, leaving former Commander shareholders with about 45.65% of the 51,885,012 Enduro shares outstanding post-closing. Robert Cameron has been appointed CEO, replacing Cole Evans, who remains a director; Cameron and Brandon Macdonald join the board and Lawrence Roulston has resigned. Commander shares are expected to be delisted from the TSXV on or about May 30, 2025.
AcquisitionCommander Resources Announces Receipt of Final Order Approving Arrangement with Enduro
The Supreme Court of British Columbia issued a Final Order on May 26, 2025 approving the previously announced plan of arrangement between Enduro Metals and Commander Resources. Closing remains subject to conditions including final stock exchange approvals and other conditions in the arrangement agreement, with completion expected on or about May 30, 2025. Details are in Commander's management information circular dated April 9, 2025 on SEDAR+.
AcquisitionCommander Resources Announces Voting Results of Annual General and Special Meeting of Shareholders
Commander Resources shareholders approved the previously announced plan of arrangement with Enduro Metals at Commander's annual general and special meeting held May 15, 2025, with 99.1% of votes cast in favour; all other meeting matters also passed. Closing remains subject to conditions including a Final Order from the Supreme Court of British Columbia and final TSX Venture Exchange approval, with completion expected on or about May 30, 2025.
CorporateCommander Resources Obtains Interim Order for Plan of Arrangement and Provides Details of Shareholder Meeting
Commander Resources has obtained an interim order from the Supreme Court of British Columbia for the plan of arrangement under which Enduro Metals will acquire all issued and outstanding Commander securities. Commander shareholders will vote on the arrangement resolution, requiring approval by at least 66 2/3% of votes cast, at a meeting on May 15, 2025 in Vancouver, with an April 9, 2025 record date. The final court order is expected on or about May 26, 2025 and closing in May 2025, with support agreements covering 13,133,900 shares or 29.7% of shares outstanding.
CorporateEnduro Metals and Commander Resources Provide Update on Business Combination
The previously announced business combination between Enduro Metals and Commander Resources will now be structured as a court-approved plan of arrangement under an arrangement agreement dated February 25, 2025, superseding the amalgamation agreement announced December 9, 2024. The arrangement agreement has substantially the same terms. Completion remains subject to Commander shareholder approval, approval of the Supreme Court of British Columbia and TSXV acceptance, with both companies coordinating on the information circular.
Acquisition
20244 releases
Enduro Metals Reports Voting Results at Annual General Meeting of Shareholders
Shareholders at Enduro Metals' annual general meeting, held December 13, 2024 in Kelowna, British Columbia, fixed the number of directors at five and re-elected Cole Evans, Susanne Hermans, David Watkins, Lawrence Roulston and Maurizio Napoli. They also approved the re-appointment of Manning Elliot LLP as auditors, authorizing the board to fix their remuneration, and approved the Company's 10% rolling Equity Incentive Plan.
CorporateEnduro Metals Announces Availability of Annual General and Special Meeting Materials and Alternative Voting Procedures
Meeting materials for Enduro Metals' annual general and special meeting, to be held December 13, 2024 at 10:00 am Pacific Time in Kelowna, BC, are available on SEDAR+ and the company's website, with the company relying on CSA Coordinated Blanket Order 51-931 for an exemption from mailing proxy-related materials due to the Canadian postal strike that began November 15, 2024. Shareholders of record as of November 5, 2024 may vote; registered holders must submit proxies by 10:00 am on December 11, 2024. Items include fixing the board at five directors, re-electing five directors, re-appointing Manning Elliot LLP as auditors, and ratifying a 10% rolling Equity Incentive Plan.
CorporateEnduro Metals and Commander Resources Announce Business Combination Creating a Leading Copper and Gold Explorer
An amalgamation agreement dated December 9, 2024 will see Enduro Metals acquire all outstanding securities of Commander Resources, with Commander holders receiving 0.535 Enduro shares per Commander share, a deemed $0.10 per Commander share and $0.187 per Enduro share, a 29% premium to Commander's December 4 close. Legacy Commander holders would own about 45.65% of the combined company and Enduro holders 54.35%. Commander will also loan Enduro $400,000 at 12% interest, due April 30, 2026, secured against Enduro's Chachi claims. Closing requires two-thirds Commander shareholder approval plus regulatory, court and TSX-V approvals.
AcquisitionEnduro Metals Intercepts 10.01 g/t Gold over 12.45m at McLymont Fault
Drill hole NW24-02 at the NW Zone of the McLymont Fault, Newmont Lake property, British Columbia, returned 10.01 g/t gold, 12.12 g/t silver and 0.37% copper over 12.45m from 44.00m, within 24.70m grading 5.17 g/t gold, 6.34 g/t silver and 0.20% copper. The 2024 program comprised four oriented diamond drill holes totalling 1,248 metres, all of which intersected gold associated with mineralized structures. Structures were intersected at ~60–80-degree alpha angles, indicating northwest-dipping orientations that will guide future targeting along the 20km strike.
Drill results