Endurance Adds $1.92 Million Cash Through the Sale of Non-Core Securities
Rhea-AI Summary
Endurance Gold (OTCQB: ENDGF) has successfully sold the majority of its junior equity portfolio holdings in three junior exploration companies for $1.92 million, significantly above the Q1 2025 fair market value of $1.004 million. The proceeds will fund ongoing drilling activities and metallurgical sampling at the Reliance gold-antimony Property in BC.
The company has completed eight diamond drill holes totaling 3,610 meters in its 2025 drilling program, with results pending for seven holes. Current drilling operations are focused on extending mineralized trends between the Imperial and Lower Crown zones.
Positive
- Sale of non-core securities generated $1.92M in cash, nearly double their Q1 2025 fair market value of $1.004M
- Successful completion of 8 diamond drill holes totaling 3,610 meters in 2025 drilling program
- Active drilling program continuing between Imperial and Lower Crown zones to expand mineralization
Negative
- Results from seven of eight completed drill holes still pending and unreported
News Market Reaction – ENDGF
On the day this news was published, ENDGF gained 12.18%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - July 24, 2025) - Endurance Gold Corporation (TSXV: EDG) (OTCQB: ENDGF) (FSE: 3EG) (the "Company") is pleased to announce that through a managed sale process the company has sold the majority of its junior equity portfolio that it owns in three junior exploration companies, originally acquired through the sale and joint venture of non-core exploration projects. The fair market value of these securities in the Company's 2025 first quarter financial statements was
Proceeds of the sale of these securities will be used to assist in funding the Company's ongoing drilling to enhance the mineral resource modeling, acquiring representative metallurgical samples at the Reliance gold-antimony Property located in BC and for general corporate purposes.
The 2025 diamond drilling program has eight diamond drill holes completed to date for a total of 3,610 m drilled. Results remain to be reported for the last seven completed holes, with initial assay results updates expected shortly. Drilling is active in the area between the Imperial and Lower Crown zones to extend the mineralized trends along strike and near to surface.
Endurance Gold Corporation is a company focused on the acquisition, exploration and development of highly prospective North American mineral properties with the potential to develop world-class deposits.
ENDURANCE GOLD CORPORATION
Robert T. Boyd, President & CEO
FOR FURTHER INFORMATION, PLEASE CONTACT
Endurance Gold Corporation www.endurancegold.com
Toll Free: (877) 624 2237, info@endurancegold.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of factors beyond its control, and actual results may differ materially from the expected results.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259878
FAQ
How much cash did Endurance Gold (ENDGF) raise from selling its non-core securities in July 2025?
What was the fair market value of Endurance Gold's sold securities in Q1 2025?
How will Endurance Gold use the proceeds from the securities sale?
How many drill holes has Endurance Gold completed in its 2025 diamond drilling program?
Where is Endurance Gold currently conducting its drilling operations?
