Enduro Metals Completes Sale of Pedro Gold Project, México to Southern Empire

Core Viewpoint - Enduro Metals Corporation has successfully closed the sale of its 100% interest in the Pedro Gold Project in Mexico to Southern Empire Resources Corp, marking a significant transaction for the company [1][2]. Group 1: Transaction Details - Enduro has received 2,000,000 common shares from Southern Empire and will receive a future milestone payment of $2,000,000 upon the commencement of commercial production from the Pedro Gold Project [2]. - Enduro retains a 2% net smelter return (NSR) royalty interest from future production of the Pedro Gold Project, with no buydown provision [2]. - The shares issued to Enduro are subject to a four-month resale restriction from the date of issuance [2]. Group 2: Company Overview - Enduro Metals is an exploration company focused on the Newmont Lake Project, which spans 688 km² in British Columbia's Golden Triangle [4]. - The geological team at Enduro has identified multiple deposit environments, including copper-gold alkalic porphyry mineralization at Burgundy and newly discovered copper-gold porphyry mineralization at Andrei [4]. - The Newmont Lake Project also features high-grade epithermal/skarn gold along the McLymont Fault, and the company has a broader portfolio of mineral projects across Canada, including the advanced Burn porphyry copper and gold project in northern BC [4].