BULLETIN V2026-2178
ENDURO METALS CORPORATION ("ENDR")
BULLETIN TYPE: Property-Asset or Share Purchase Amending Agreement
BULLETIN DATE: June 30, 2026
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the non-arm's length amendment to the terms of a net smelter returns royalty with respect to the Newmont Lake Project. Enduro Metals Corp. may repurchase 50% of the 2% NSR through a one-time payment of $8,000,000.
In consideration for entering into the amending agreement the Company will make payments over a two year period totaling $550,000, and issue 3,900,000 shares upon closing. Of the cash payments, $125,000 of the first anniversary payment and $125,000 of the second anniversary payment may be paid in shares at a deemed price per share equal to the greater of a) the 20-day volume-weighted average trading price and b) $0.135 per share.
In addition, 60% of a $500,000 cash payment due upon delivery of a NI 43-101 compliant resource estimate may be paid in shares using the same deemed price calculation.
CONSIDERATION CASH ($) SECURITIES WORK EXPENDITURES (S)
First Year $175,000 3,900,000 Common Shares nil
First Anniversary $125,000 Optional nil
Second Anniversary $250,000 Optional nil
Compliant Resource Estimate $500,000 Optional
For further details, please refer to the Company's news releases dated April 27, 2026 and June 18, 2026.
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