Company Description
Enduro Metals Corp (ENDMF) is a mineral exploration company in the basic materials sector, focused on other precious metals and mining. According to multiple company news releases, Enduro Metals is primarily advancing its Newmont Lake Project, a large claim package in the heart of British Columbia’s Golden Triangle. The project area is repeatedly described as one of the largest contiguous claim blocks in the region, with approximately 688 km² of mineral tenure and, in one release, 700 km². The company also reports holding a broader portfolio of mineral projects across Canada, including the advanced Burn porphyry copper and gold project in northern British Columbia.
Core focus: Newmont Lake Project in the Golden Triangle
Enduro Metals states that it is an exploration company focused on its Newmont Lake Project, located within the Golden Triangle of northwest British Columbia. Company disclosures describe Newmont Lake as a district-scale property situated between or near well-known deposits and development projects such as Galore Creek, KSM, Eskay Creek and Snip. Historic work on the property since the 1980s primarily targeted high-grade gold, particularly at the NW Zone gold deposit, while more recent work by Enduro has shifted emphasis toward copper-gold porphyry systems.
Across several news releases, Enduro reports that its geological team has outlined multiple deposit environments of interest at Newmont Lake, including:
- High-grade epithermal/skarn gold along the McLymont Fault in the McLymont area.
- Copper-gold alkalic porphyry mineralization at the Burgundy Ridge area.
- Newly discovered copper-gold porphyry mineralization at North Toe/Andrei.
- A large geochemical anomaly along the Chachi Corridor, described as a 10 km by 4 km zone hosting various gold, silver, copper, zinc, nickel, cobalt and lead mineralization.
Key targets and deposit types
Company updates emphasize several priority targets within Newmont Lake:
- Andrei porphyry Cu-Au target: Described as a large, low-elevation, and easily accessed porphyry copper-gold target in the northern half of the property. Enduro reports that work beginning with the North Toe occurrence outlined a trend of porphyry-style mineralization exposed by glacier retreat. Subsequent mapping and sampling expanded the Andrei system, with geological descriptions highlighting potassic-altered monzonite and diorite intrusions, hydrothermally altered volcanic wall rocks, magnetite-rich alteration, and copper minerals including chalcopyrite and bornite. Recent rock sampling and geophysical surveys (airborne magnetics and ground IP) are reported to define a multi‑kilometre zone of elevated chargeability and magnetic response consistent with a porphyry system.
- McLymont / Camp Zone: In the McLymont area, Enduro discloses high-grade gold and silver rock sample results from the Camp Zone, associated with quartz-pyrite veins in shear zones. The company interprets this mineralization as structurally controlled and related to alteration and veining along the McLymont structural corridor, particularly the McGilvery Fault, and notes the presence of a historic NW Zone resource nearby.
- Burgundy: Enduro refers to copper-gold alkalic porphyry mineralization at Burgundy and notes that its discovery of the Burgundy Ridge porphyry system marked a strategic shift toward copper-gold porphyry exploration on the property.
- Chachi Corridor: Company descriptions highlight a 10 km by 4 km geochemical anomaly along the Chachi Corridor, with reported occurrences of gold, silver, copper, zinc, nickel, cobalt and lead.
- Twin target: Located at the southwest corner of the property, Twin is described as a potential 7 km extension of the “Bronson Trend,” a 14‑kilometre alignment of porphyry and porphyry-related deposits. Enduro reports completing high‑resolution airborne magnetic surveys and early‑stage sampling at Twin to evaluate porphyry potential.
Exploration approach and technical work
Enduro Metals’ news releases describe a multi‑disciplinary exploration approach at Newmont Lake. Reported work programs include:
- High‑resolution airborne magnetic surveys using a Heli‑GT system over the Andrei and Twin targets, with thousands of line‑kilometres flown at 100‑metre line spacing.
- Ground induced polarization (IP) surveys at Andrei, outlining a 4 km by 1.2 km zone of elevated chargeability with internal high‑chargeability zones coincident with resistivity and magnetic highs.
- Extensive geological mapping, rock sampling and soil sampling across multiple targets, including Andrei, Twin, Chachi, McLymont, Orange and Camp.
- Collaboration with academic and geological survey teams for structural studies, alteration mapping and age dating of intrusive suites on the property.
Technical descriptions in the company’s releases emphasize porphyry-related alteration and mineralization styles, such as potassic alteration in monzonite dykes and plugs, magnetite-rich assemblages, chalcopyrite- and bornite-bearing veins, and structurally controlled gold-bearing quartz-pyrite veins.
Broader project portfolio
Beyond Newmont Lake, Enduro Metals states that it maintains a broader portfolio of mineral projects across Canada. This includes the Burn porphyry copper and gold project in the Babine copper belt of central British Columbia, described as a newly discovered porphyry copper-gold project and a flagship asset of Commander Resources prior to an arrangement between the companies. Enduro also held the Pedro Gold Project in Durango State, Mexico, through a Mexican subsidiary. According to a joint news release with Southern Empire Resources, Enduro agreed to transfer its beneficial interest in that subsidiary in exchange for shares, a future milestone payment tied to commercial production, and a retained net smelter return royalty, while characterizing Pedro as a non-core asset relative to Newmont Lake.
Corporate developments
Enduro Metals trades under the symbol ENDR on the TSX Venture Exchange and ENDMF on the OTCQB, as stated in multiple news releases. The company has reported corporate events such as annual general meetings, equity incentive plan approvals, and option grants. In 2025, Enduro and Commander Resources announced a plan of arrangement under which Commander shareholders approved a combination of the two companies, subject to court and stock exchange approvals. A subsequent release confirms that the Supreme Court of British Columbia issued its final order approving the arrangement, with completion subject to remaining closing conditions.
Risk profile and stage of business
All available disclosures describe Enduro Metals as an exploration-stage company. The company’s news releases focus on geological targets, sampling results, geophysical surveys, and early‑stage drilling or drill planning. They do not describe any producing mines or ongoing mineral production. As with many exploration companies in the precious and base metals space, Enduro’s value proposition, based on its own statements, is tied to the potential of its exploration projects, particularly the Newmont Lake Project and associated copper-gold and gold targets.
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No SEC filings available for Enduro Metals Corporation.
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Short Interest History
Short interest in Enduro Metals Corporation (ENDMF) currently stands at 10.0 thousand shares, down 69.6% from the previous reporting period, representing 0.0% of the float. Over the past 12 months, short interest has increased by 1004000%. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for Enduro Metals Corporation (ENDMF) currently stands at 1.0 days, down 28.6% from the previous period. This low days-to-cover ratio indicates high liquidity, allowing short sellers to quickly exit positions if needed. The ratio has shown significant volatility over the period, ranging from 1.0 to 5.8 days.