Enduro Metals Announces Completion of Private Placement
ENDURO METALS ANNOUNCES COMPLETION OF PRIVATE PLACEMENT
NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
September 5, 2025, Vancouver, British Columbia – Enduro Metals Corporation (TSXV: ENDR OTCQB: ENDMF FSE:
SOG0) (“Enduro”, “Enduro Metals” or the “Company”) is pleased to announce that it has closed the second and final
tranche of the non-brokered private placement announced on July 16, 2025 for gross proceeds of $890,650.15. The
total gross proceeds raised was $3,621,127.58.
The second tranche consisted of the issuance of 289,190 flow-through shares (“FT Shares”) at a price of $0.185 per
FT Share and 5,581,000 non flow-through units (“NFT Units”) at a price of $0.15 per NFT Unit.
Each FT Share qualifies as a "flow -through share" (within the meaning of subsection 66(15) of the Income Tax Act
(Canada)).
Each NFT Unit consists of one common share 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 W arrant Share until September 5,
2027.
The proceeds from the issue and sale of the NFT Units are for general working capital. The proceeds from the issue
and sale of the FT Share s will be used primarily by the Company to incur eligible "Canadian exploration expenses"
that qualify as "flow-through mining expenditures" (as both terms are defined in the Income Tax Act (Canada)) (the
"Qualifying Expenditures") related to the Company's exploration and development of the large 688 km 2 Newmont
Lake project, located in the heart of British Columbia’s prolific Golden Triangle.
The Company will renounce Qualifying Expenditures with an effective date of no later than December 31, 2025, in
an amount of not less than the total amount of the gross proceeds raised from the issuance of the FT Units and incur
such expenses by December 31, 2026.
The Company paid finders fees for Tranche 2 in the amount of $ 4,110.01 cash and 23,351 finder's warrants (the
"Finder's Warrants") to arm's length qualified part ies in accordance with Exchange Policies. The Finder's Warrants
are non-transferable and exercisable at $0.18 per Share until September 5, 2026. All securities issued are subject to
a four-month hold period pursuant to securities laws in Canada and, where applicable, the Exchange Hold Period,
expiring on January 6, 2026.
Maurizio Napoli, Director, purchased 111,000 NFT Units pursuant to the Offering. As a result, the issuance of these
securities pursuant to the Offering is considered a related party transaction (as defined under Multilateral Instrument
61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101")). The Company relied upon the
exemptions from the formal valuation and minority shareholder approval requirements set out in sections 5.5(a) and
5.7(a) of MI 61-101, respectively.
The Offering is subject to the final acceptance of the TSX Venture Exchange.
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.
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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: [email protected] 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 actual results,
performance or achievements, or de velopments 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, bu t 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 st atements 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 believe s 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.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or
accuracy of this release.