Latest news with #EnduroMetals
Globe and Mail
23-07-2025
- Business
- Globe and Mail
Enduro Metals Commences 2025 Field Program at the Newmont Lake Project in the Golden Triangle of Northwest British Columbia
Vancouver, British Columbia--(Newsfile Corp. - July 23, 2025) - Enduro Metals Corporation (TSXV: ENDR) ("E nduro", " Enduro Metals" or the" Company") is pleased to provide an update on its 2025 exploration program at the 688 km 2 Newmont Lake project in the Golden Triangle of British Columbia. Highlights: Field crews have mobilised to Newmont Lake and are actively engaged in the phase 1 exploration program. Exploration is currently focused on the Andrei porphyry copper-gold target and initial work at the newly identified Twin target, an early-stage area with limited prior data. The phase 1 program comprises: 2,120 line-kilometers of airborne magnetic surveying (Heli-GT system, 100 metre line spacing) in two blocks. 20 kilometers of ground induced polarization (IP) surveying underway at the Andrei porphyry target; and extensive geological mapping, and rock and soil sampling. Robert Cameron, CEO states: "We are excited to report that our 2025 exploration program at Newmont Lake is well underway. We are particularly encouraged by the scale and quality of the target at Andrei, and the potential to develop a new exploration target at Twin. Our goal this season is to better define these systems and position the company for a focused maiden drill campaign on Andrei, while seeking to increase our understanding of the property's other key targets including Chachi, the Ken Zone, McLymont and the greater Burgundy area. The Newmont Lake project is living up to our expectations as a multi-target, district scale property in a globally significant porphyry belt." ABOUT THE NEWMONT LAKE PROJECT The Newmont Lake Project is one of the largest contiguous claim packages (688 km 2) in the Golden Triangle. It is strategically located near major porphyry copper-gold ("Cu-Au") development projects at Galore Creek (Newmont - Teck) and KSM (Seabridge), as well as high grade past producing gold deposits at Snip and Eskay Creek and new porphyry discoveries including the new North Snip deposit of Seabridge Gold near the southern property boundary. Historic work on the property since the 1980's primarily targeted high-grade gold deposits. Enduro's discovery of the Burgundy Ridge porphyry system in 2021 marked a strategic shift toward copper-gold porphyry exploration. (Figure 1) To view an enhanced version of this graphic, please visit: 2025 Work Program Work by Enduro this year has involved a thorough reassessment of legacy exploration data, enhanced by a newly acquired property wide airborne hyperspectral survey. Existing geophysical data covers approximately 60% of the property with various generations of magnetic surveying, and localised VTEM and DIGHEM electromagnetic survey data and a single ZTEM survey. Geochemical data at varying sample densities covers a similar area and includes SWIR spectral data for rocks samples that complement the regional hyperspectral survey. Historic drilling primarily has been focused at the NW Zone gold deposit (discovered in the 1980's) and the recently discovered Burgundy Ridge alkalic-style porphyry deposit. In 2025, Enduro's new executive management team are prioritizing two main areas - Andrei and Twin - along with developing the Company's geological understanding of its other key targets. The 2025 phase 1 exploration program includes a 2,120 line-kilometer airborne magnetic survey in two blocks utilising a Heli-GT system at a 100-metre line spacing, 20 kilometers of ground induced polarization survey (IP) and extensive geological mapping, rock and soil sampling. (Figure 2) Figure 2: Geology and Targets, Newmont Lake Project To view an enhanced version of this graphic, please visit: Andrei Target The Andrei target is a low-elevation porphyry Cu-Au target located in the northern half of the property. Work in 2022 outlined a 2.5 km trend of porphyry mineralization that was exposed due to recent ice melt at the base of the Andrei glacier. Sample results released by Enduro in 2023 (NR dated April 11) noted highly anomalous copper and gold assay values along the 2.5 km anomaly, with peak results of 4.08 per cent Cu and 57.83 g/t Au. Exposed bedrock comprises potassic altered monzonite with chalcopyrite and bornite in sheeted to stockwork quartz magnetite veinlets. The target extends for over 4.5 kilometres to the southwest through an area with limited bedrock exposure. The current work program includes a high-resolution, low-noise helicopter magnetic survey using a Heli-GT system, a 20 km ground IP survey, and extensive geological mapping and rock sampling, with the objective of defining specific drill targets for a phase 2 drill program, at the end of the 2025 exploration season if conditions and data compilation allow but more probably in 2026. Twin Target The Twin target, located at the southwest corner of the property, is a 7 km extension of the "Bronson Trend" , a 14 kilometre linear alignment of porphyry and porphyry-related deposits that extends from the Quartz Rise deposit northwest to the new North Snip deposit discovered in 2024 by Seabridge Gold. The North Snip deposit is a large gold and copper rich system hosted by potassic altered tuffs that is interpreted by Seabridge to be a zone peripheral to an intrusive hosted porphyry Cu-Au deposit (see Seabridge news releases dated October 9, 2024, January 21, 2025, and June 3, 2025). Work at Twin in 2025 will include airborne magnetic surveying and groundwork including first pass silt sampling, soil sampling and prospecting where feasible. The terrain is rugged and covered by dense mature forest with challenging undergrowth. The airborne magnetic data is expected to be a key tool in target delineation, as Seabridge describes extensive magnetite associated with the potassic alteration at North Snip. Qualified person Mr. Cameron, PGeo, is a qualified person within the context of National Instrument 43-101 and has read and takes responsibility for the technical aspects of this release. About Enduro Metals Enduro Metals is an exploration company focused on its Newmont Lake Project; a total 688 km 2 property located within the heart of British Columbia's Golden Triangle. Building on prior results, Enduro Metals' geological team has outlined multiple deposit environments of interest across the Newmont Lake Project including high-grade epithermal/skarn gold along the McLymont Fault, copper-gold alkalic porphyry mineralization at Burgundy, and newly discovered copper-gold porphyry mineralization at North Toe/Andrei. The Company maintains a broader portfolio of mineral projects across Canada including the advanced Burn porphyry copper and gold project in northern British Columbia. On Behalf of the Board of Directors of Enduro Metals Corporation " Robert Cameron" Chief Executive Officer For further information please contact: Robert Cameron, CEO Tel: +1 (778) 989-1501 Email: cameron@ Forward-Looking Statements This news release contains statements that constitute "forward-looking statements". Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause Enduro's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Forward-looking statements in this news release include statements concerning the Parties' expectation with respect to the de-listing of the Commander Shares and the expectation that Commander will apply to cease to be a reporting issuer. Although Enduro believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, forward-looking statements by their nature involve assumptions, known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. .
Globe and Mail
16-07-2025
- Business
- Globe and Mail
Enduro Metals Announces C$2 Million Private Placement
Vancouver, British Columbia--(Newsfile Corp. - July 16, 2025) - Enduro Metals Corporation (TSXV: ENDR) (OTCQB: ENDMF) (FSE: SOG0) (" Enduro", " Enduro Metals" or the" Company") is pleased to announce a proposed non-brokered private placement (the "Offering") of up to C$2 million, to consist of the issue and sale of non-flow-through units (the "NFT Units") at a price of C$0.15 per NFT Unit and flow through shares ("FT Shares") at a price of C$0.185 per FT Share (collectively, the "Offered Securities"). The Offering has strong support from existing shareholders and management, including participation by Alex Gubbins, the Company's largest shareholder. The Company intends to use the net proceeds of the Offering for continued exploration and development of the large 688 km 2 Newmont Lake project, located in the heart of British Columbia's prolific Golden triangle, and general corporate purposes and working capital. Each NFT Unit will consist of one common share of the Company and one-half of one common share purchase warrant of the Company (each whole common share purchase warrant, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one common share of the Company (a "Warrant Share") at a price of C$0.22 per Warrant Share for a period of 24 months from the closing date. The Offered Securities will be offered (i) in each of the Provinces of Canada and (ii) to eligible purchasers resident in jurisdictions other than Canada that are mutually agreed to by the Company and the Agent, each acting reasonably, provided that no prospectus filing or comparable obligation arises and the Company does not thereafter become subject to continuous disclosure obligations in such jurisdictions. The Offered Securities may also be offered and sold in the United States to Qualified Institutional Buyers (as defined in Rule 144A under the United States Securities Act of 1933, as amended (the "1933 Act")) and to a limited number of "accredited investors" (as defined in Rule 501(a) of Regulation D under the 1933 Act), in each case by way of private placement pursuant to an exemption from the registration requirements of the 1933 Act and pursuant to any applicable securities laws of any state of the United States. Any Offered Securities offered and sold in the United States shall be issued as "restricted securities" (as defined in Rule 144(a)(3) under the 1933 Act). An amount equal to gross proceeds from the sale of the FT Shares will be used by the Company to incur eligible "Canadian exploration expenses" that will qualify as "flow-through mining expenditures" as such terms are defined in the Tax Act and "BC flow-through mining expenditures" as defined in the Income Tax Act (British Columbia) (the "Qualifying Expenditures") related to the Company's projects in British Columbia, Canada on or before Dec. 31, 2026. All Qualifying Expenditures will be renounced in favor of the subscribers effective December 31, 2025. The Offering is expected to close on or before August 7, 2025 (the "Closing Date"), and is subject to the Company receiving all necessary regulatory approvals, including the approval of the TSX Venture Exchange. The Offered Securities and the Warrant Shares will be subject to a hold period under Canadian securities laws of four months following the Closing Date. The Company may pay finder's fees to arm's length parties for services rendered in respect of the Offering. The finder's fee will consist of a cash fee equal to 6% of the gross proceeds from the sale of NFT Units and FT shares to third parties sourced by the finders, and finder's warrants equal in number to 6% of the NFT Units and FT Shares sold to third parties sourced by the finders. Each finder's warrant will be exercisable into one common share of the Company at an exercise price of C$0.18 per share for a period of 12 months from the date of closing. About Enduro Metals Enduro Metals is an exploration company focused on its Newmont Lake Project; a total 688km 2 property located within the heart of British Columbia's Golden Triangle. Building on prior results, Enduro Metals' geological team has outlined multiple deposit environments of interest across the Newmont Lake Project including high-grade epithermal/skarn gold along the McLymont Fault, copper-gold alkalic porphyry mineralization at Burgundy, and newly discovered copper-gold porphyry mineralization at North Toe/Andrei. On Behalf of the Board of Directors of Enduro Metals Corporation " Robert Cameron" Chief Executive Officer For further information, please contact: Robert Cameron, CEO Tel: +1 (778) 989-1501 Email: cameron@ Forward-Looking Statements This news release contains statements that constitute "forward-looking statements". Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Enduro's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Forward-looking statements in this news release include statements concerning the Parties' expectation with respect to the de-listing of the Commander Shares and the expectation that Commander will apply to cease to be a reporting issuer. Although Enduro believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, forward-looking statements by their nature involve assumptions, known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF ENDURO AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE ENDURO MAY ELECT TO, NEITHER OF THEM UNDERTAKES TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
Yahoo
15-05-2025
- Business
- Yahoo
Commander Resources Announces Voting Results of Annual General and Special Meeting of Shareholders
Kelowna, British Columbia--(Newsfile Corp. - May 15, 2025) - Enduro Metals Corporation (TSXV: ENDR) (OTCQB: ENDMF) (FSE: SOG0) ("Enduro") and Commander Resources Ltd. (TSXV: CMD) ("Commander" and together with Enduro, the "Parties") are pleased to announce that Commander's shareholders approved the previously announced arrangement between the Parties (the "Arrangement") at Commander's annual general and special meeting of shareholders (the "Meeting") held on May 15, 2025. The special resolution approving the Arrangement was approved by an overwhelming majority of votes cast by Commander Shareholders (99.1%). All other matters to be determined at the Meeting also passed. Enduro's CEO, Cole Evans, commented: "Enduro is pleased that Commander Shareholders have voted overwhelmingly in favour of the Arrangement. By combining our complementary assets, teams, and expertise, we are creating a stronger, more resilient exploration company with greater scale, while remaining focused on our core jurisdictions and commodities. We look forward to unlocking the full potential of our portfolio as a unified team." Commander's CEO, Robert Cameron stated: "Commander shareholders have given their wholehearted support to the combination with Enduro Metals that creates a superior copper and gold porphyry exploration company with an expanded portfolio of three drill ready projects throughout British Columbia. The primary Newmont Lake project in the heart of the Golden Triangle covers a remarkable target-rich region surrounded by active mines and development projects. Planning for an aggressive field season is well underway and we expect crews will be on the ground in June." Closing of the Arrangement remains subject to satisfaction of certain closing conditions, including The Supreme Court of British Columbia issuing its Final Order, receipt of final TSX Venture Exchange approval, and the satisfaction of certain conditions set forth in the arrangement agreement. Subject to the satisfaction of these closing conditions, the parties currently expect to complete the Arrangement on or about May 30, 2025. Further details regarding the Arrangement, including the principal closing conditions and the anticipated benefits for shareholders, can be found in Commander's management information circular dated April 9, 2025 in respect of the Meeting, a copy of which can be found under Commander's SEDAR+ profile at About Enduro Metals Enduro Metals is an exploration company focused on its Newmont Lake Project; a total 688km2 property located between Eskay Creek, Snip, and Galore Creek within the heart of British Columbia's Golden Triangle. Building on prior results, Enduro's geological team has outlined multiple deposit environments of interest across the Newmont Lake Project including high-grade epithermal/skarn gold along the McLymont Fault, copper-gold alkalic porphyry mineralization at Burgundy, newly discovered copper-gold porphyry mineralization at North Toe, and a large 10km x 4km geochemical anomaly hosting various gold, silver, copper, zinc, nickel, cobalt, and lead mineralization along the newly discovered Chachi Corridor. About Commander Resources Commander is a Canadian focused exploration company that has leveraged its success in exploration through a combination of partnerships and sole funded exploration. Commander has a portfolio of base and precious metal projects across Canada including its flagship Burn Project, a newly discovered porphyry copper-gold project in the Babine copper belt of central British Columbia and its October Dome copper and gold porphyry target in central British Columbia and our Sabin VMS project in Ontario. On Behalf of the Board of Directors of Commander Resources Ltd. "Robert Cameron"President and Chief Executive Officer On Behalf of the Board of Directors of Enduro Metals Corporation"Cole Evans"Chief Executive OfficerFor further information please contact:Malcolm Davidson - Chief Financial Officer, Corporate Secretary Tel: +1 (604) 218-9797Email: davidson@ Forward-Looking Statements This news release contains statements that constitute "forward-looking statements". Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause Enduro's and Commander's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Forward-looking statements in this news release include statements concerning the parties' expectation that they will complete the Arrangement and the timing thereof, and all other statements that are not historical in nature. Although Enduro and Commander believe the forward-looking information contained in this news release is reasonable based on information available on the date hereof, forward-looking statements by their nature involve assumptions, known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF ENDURO AND COMMANDER AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE ENDURO AND COMMANDER MAY ELECT TO, NEITHER OF THEM UNDERTAKES TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS. Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
