Commander Resources Announces Voting Results of Annual General and Special Meeting of Shareholders
Commander Resources shareholders have overwhelmingly approved (99.1%) the previously announced arrangement with Enduro Metals Corporation at their annual general meeting on May 15, 2025. The merger aims to create a stronger exploration company by combining complementary assets and expertise, with a focus on copper and gold porphyry exploration in British Columbia.
The combined entity will have three drill-ready projects throughout British Columbia, with the primary Newmont Lake project located in the Golden Triangle region. Field operations are expected to commence in June 2025. The arrangement's closing, anticipated around May 30, 2025, remains subject to final approvals from the Supreme Court of British Columbia and TSX Venture Exchange, along with other closing conditions.
Gli azionisti di Commander Resources hanno approvato con ampia maggioranza (99,1%) l'accordo precedentemente annunciato con Enduro Metals Corporation durante l'assemblea annuale del 15 maggio 2025. La fusione punta a creare una società di esplorazione più solida, unendo asset e competenze complementari, con un focus sull'esplorazione di porfidi di rame e oro in British Columbia.
La nuova entità combinata disporrà di tre progetti pronti per la perforazione in tutta la British Columbia, con il progetto principale Newmont Lake situato nella regione del Golden Triangle. Le operazioni sul campo sono previste per iniziare a giugno 2025. La conclusione dell'accordo, prevista intorno al 30 maggio 2025, è subordinata alle approvazioni finali della Corte Suprema della British Columbia e della TSX Venture Exchange, oltre ad altre condizioni di chiusura.
Los accionistas de Commander Resources han aprobado abrumadoramente (99,1%) el acuerdo previamente anunciado con Enduro Metals Corporation en su junta general anual el 15 de mayo de 2025. La fusión busca crear una empresa de exploración más fuerte al combinar activos y experiencia complementarios, centrados en la exploración de pórfidos de cobre y oro en Columbia Británica.
La entidad combinada contará con tres proyectos listos para perforar en toda Columbia Británica, con el proyecto principal Newmont Lake ubicado en la región del Golden Triangle. Se espera que las operaciones de campo comiencen en junio de 2025. El cierre del acuerdo, previsto alrededor del 30 de mayo de 2025, está sujeto a las aprobaciones finales de la Corte Suprema de Columbia Británica y de la Bolsa de Valores TSX Venture, además de otras condiciones de cierre.
Commander Resources의 주주들은 2025년 5월 15일 연례 총회에서 Enduro Metals Corporation과의 사전에 발표된 합병 계획을 압도적으로 승인하였습니다(찬성 99.1%). 이번 합병은 보완적인 자산과 전문 지식을 결합하여 브리티시컬럼비아에서 구리 및 금 포피리 탐사에 중점을 둔 더 강력한 탐사 회사를 만드는 것을 목표로 합니다.
합병된 회사는 브리티시컬럼비아 전역에 3개의 시추 준비 프로젝트를 보유하게 되며, 주요 프로젝트인 뉴몬트 레이크는 골든 트라이앵글 지역에 위치합니다. 현장 작업은 2025년 6월에 시작될 예정입니다. 이 합병 계약의 완료는 2025년 5월 30일경으로 예상되며, 브리티시컬럼비아 대법원과 TSX 벤처 거래소의 최종 승인 및 기타 완료 조건에 따라 달라집니다.
Les actionnaires de Commander Resources ont approuvé massivement (99,1 %) l'accord précédemment annoncé avec Enduro Metals Corporation lors de leur assemblée générale annuelle le 15 mai 2025. La fusion vise à créer une société d'exploration plus solide en combinant des actifs et des expertises complémentaires, avec un focus sur l'exploration de porphyres de cuivre et d'or en Colombie-Britannique.
L'entité combinée disposera de trois projets prêts à être forés à travers la Colombie-Britannique, le projet principal Newmont Lake étant situé dans la région du Golden Triangle. Les opérations sur le terrain devraient commencer en juin 2025. La clôture de l'accord, prévue vers le 30 mai 2025, reste soumise aux approbations finales de la Cour suprême de la Colombie-Britannique et de la Bourse TSX Venture, ainsi qu'à d'autres conditions de clôture.
Die Aktionäre von Commander Resources haben auf der Jahreshauptversammlung am 15. Mai 2025 die zuvor angekündigte Vereinbarung mit Enduro Metals Corporation mit überwältigender Mehrheit (99,1%) genehmigt. Die Fusion zielt darauf ab, ein stärkeres Explorationsunternehmen zu schaffen, indem komplementäre Vermögenswerte und Fachkenntnisse kombiniert werden, mit Fokus auf Kupfer- und Goldporphyr-Exploration in British Columbia.
Das kombinierte Unternehmen wird drei bohrbereite Projekte in ganz British Columbia besitzen, wobei das Hauptprojekt Newmont Lake in der Golden Triangle-Region liegt. Die Feldarbeiten sollen im Juni 2025 beginnen. Der Abschluss der Vereinbarung, der voraussichtlich um den 30. Mai 2025 erfolgt, steht noch unter dem Vorbehalt der endgültigen Genehmigungen durch das Oberste Gericht von British Columbia und die TSX Venture Exchange sowie weiterer Abschlussbedingungen.
- None.
- Transaction still subject to regulatory approvals and closing conditions
- Integration challenges may arise from combining two companies
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 www.sedarplus.ca.
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 Officer
For further information please contact:
Malcolm Davidson - Chief Financial Officer, Corporate Secretary
Tel: +1 (604) 218-9797
Email: davidson@endurometals.com
www.endurometals.com
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 https://www.newsfilecorp.com/release/252324
FAQ
What percentage of Commander Resources shareholders approved the merger with Enduro Metals (ENDMF)?
When is the Enduro Metals and Commander Resources merger expected to close?
What are the main assets of the combined Enduro Metals-Commander Resources company?
When will the combined Enduro Metals-Commander Resources company begin field operations?
What approvals are still needed for the Enduro Metals (ENDMF) merger to close?
