Welcome to our dedicated page for Enduro Metals Corporation news (Ticker: ENDMF), a resource for investors and traders seeking the latest updates and insights on Enduro Metals Corporation stock.
Enduro Metals Corp (ENDMF) generates a steady stream of exploration-focused news as it advances its mineral projects in British Columbia’s Golden Triangle and elsewhere. Company releases emphasize its role as an exploration company focused on the Newmont Lake Project, a large claim package where Enduro reports multiple copper-gold and gold targets, including the Andrei porphyry Cu-Au system, the McLymont/Camp Zone gold area, Burgundy, and the Chachi Corridor.
Recent news highlights include updates on airborne magnetic and ground induced polarization surveys, rock and soil sampling campaigns, and mapping programs designed to refine drill targets at Andrei and Twin. Enduro also reports high-grade gold and silver rock sample results from the Camp Zone and outlines geological interpretations of porphyry-style mineralization associated with potassic-altered intrusions and magnetite-rich alteration.
Investors following ENDMF news can also see corporate developments such as annual general meeting results, equity incentive grants, and a plan of arrangement with Commander Resources to combine complementary copper-gold exploration assets. Additional releases cover portfolio management decisions, including the earn-in and subsequent transfer of the Pedro Gold Project in Mexico while retaining a royalty interest.
This news page aggregates these disclosures so readers can review Enduro Metals’ exploration updates, technical results, and corporate announcements in one place and track how the company’s understanding of its key targets evolves over time.
Enduro Metals (TSXV: ENDR) (OTCQB: ENDMF) has announced alternative voting procedures for its upcoming annual general and special meeting on December 13, 2024, due to the ongoing Canadian postal workers strike. The company is utilizing CSA Coordinated Blanket Order 51-931 for exemption from physical delivery of meeting materials.
Shareholders will vote on: receiving 2023 financial statements, fixing board size at five directors, re-electing current directors, re-appointing Manning Elliot LLP as auditors, and approving the 10% rolling Equity Incentive Plan. Meeting materials are available on SEDAR+ and the company's website. Shareholders of record as of November 5, 2024, can vote via proxy or through intermediaries, with a voting deadline of December 11, 2024.
Enduro Metals (ENDMF) and Commander Resources have announced a business combination through an amalgamation agreement dated December 9, 2024. Under the agreement, Enduro will acquire all Commander securities at an exchange ratio of 0.535 Enduro shares for each Commander share, representing a 29% premium to Commander's closing price.
The combined entity will focus on copper and gold exploration in British Columbia's premier districts, including the Golden Triangle region. Legacy Commander shareholders will hold approximately 45.65% of the resulting company, while Enduro shareholders will retain 54.35%. The transaction includes Commander's cash position of CAD$4.2 million and creates an integrated management team with expertise in porphyry copper exploration.
The deal requires approval from Commander shareholders and regulatory authorities. As part of the agreement, Commander will provide a $400,000 loan to Enduro at 12% annual interest, secured by Enduro's Chachi claims.
Enduro Metals (TSXV: ENDR) has announced assay results from its 2024 drill program at the Newmont Lake property's McLymont Fault. The program included four oriented diamond drill holes totaling 1,248 meters. Key highlights include intersection of 10.01 g/t Au, 12.12 g/t Ag, and 0.37% Cu over 12.45m in hole NW24-02, within a broader interval of 24.70m grading 5.17 g/t Au. The drilling successfully determined structural orientation of gold-bearing conduits, revealing structures with 60-80 degrees dip to the northwest. This new structural framework enhances targeting capabilities along the 20km strike of the McLymont Fault.
Enduro Metals (TSXV: ENDR) (OTCQB: ENDMF) has announced its 2024 diamond drilling program at the Newmont Lake Project. The exploration will focus on two key objectives:
1. Oriented-core diamond drilling at McLymont to test structural controls on gold-bearing quartz-carbonate veins.
2. Further exploration of copper-gold porphyry targets along the Copper-Line, particularly at North Toe.
The McLymont Fault, a >20km long geological feature, will be the primary focus. The company plans to conduct drilling in the opposite direction compared to historical work, using precise, oriented-core diamond drilling methods. The program aims to understand gold pathways and build a high-grade gold and copper resource at McLymont.
Additionally, Enduro will continue exploring other Copper-Gold porphyry targets across the wider Newmont Lake property, including North Toe / Big Toe along the Copper-Line.
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