Core Points - Enduro Metals Corporation and Southern Empire Resources Corp. have finalized the acquisition of the Pedro Gold Project in Mexico, covering 1,750 hectares [1][2] - Southern Empire will acquire a 100% interest in the Pedro mineral tenements by issuing 2,000,000 common shares to Enduro and committing to a future milestone payment of $2,000,000 upon commercial production [2] - Enduro retains a 2% net smelter return royalty interest with no buy-down provision [2] Project Details - The Pedro Gold Project is located 80 km from Torreon, Mexico, and features a gold exploration target outlined by a geochemical anomaly [4] - Historical sampling returned gold values up to 2.3 ppm, with significant intervals identified during Southern Empire's 2022 drilling [4] - The project is considered a non-core asset for Enduro, which is focusing on its Newmont Lake Project in British Columbia [3] Company Information - Enduro Metals is primarily focused on the Newmont Lake Project, which spans 688 km² and includes multiple deposit environments of interest [9] - The company has a broader portfolio of mineral projects across Canada, including the advanced Burn porphyry copper and gold project [9] - The restructuring of the earn-in agreement allows for renewed activity at the Pedro Gold Project after years of inactivity due to regulatory and market conditions [3]

Core Viewpoint - Enduro Metals Corporation has successfully closed the second and final tranche of a non-brokered private placement, raising a total of $3,621,127.58 for its exploration activities in British Columbia's Golden Triangle [1][4]. Group 1: Private Placement Details - The second tranche raised gross proceeds of $890,650.15, consisting of 289,190 flow-through shares at $0.185 each and 5,581,000 non flow-through units at $0.15 each [1][2]. - Each non flow-through unit includes one common share and one-half of a common share purchase warrant, with warrants priced at C$0.22 per share, valid until September 5, 2027 [3]. Group 2: Use of Proceeds - Proceeds from the non flow-through units will be allocated for general working capital, while funds from the flow-through shares will be used for eligible Canadian exploration expenses related to the Newmont Lake project [4]. - The company plans to renounce qualifying expenditures by December 31, 2025, and incur such expenses by December 31, 2026 [5]. Group 3: Related Transactions and Fees - The company paid finders fees totaling $4,110.01 in cash and issued 23,351 finder's warrants, which are non-transferable and exercisable at $0.18 per share until September 5, 2026 [6]. - A director of the company purchased 111,000 non flow-through units, qualifying this issuance as a related party transaction [7]. Group 4: Company Overview - Enduro Metals is focused on the Newmont Lake Project, a 688 km² property in British Columbia's Golden Triangle, with multiple deposit environments identified, including high-grade gold and copper-gold mineralization [9].

Group 1 - Enduro Metals Corporation has received a 30-day extension from the TSX Venture Exchange to complete the final documentation for its non-brokered private placement offering, now due by September 29, 2025 [1] - The first tranche of the financing was successfully closed on August 19, 2025, raising a total of $2,730,477 [1] - The company is currently finalizing the closing process for the second and final tranche, with all orders already received [1] Group 2 - Enduro Metals is focused on its Newmont Lake Project, which spans a total area of 688 km² located in British Columbia's Golden Triangle [2] - The geological team has identified multiple deposit environments of interest within the Newmont Lake Project, including high-grade epithermal/skarn gold and copper-gold alkalic porphyry mineralization [2]