Enduro Metals Corporation announced a non-brokered private placement of up to 37,500,000 units at an issue price of CAD 0.08 for the gross proceeds of CAD 3,000,000 on June 22, 2023. Each Unit will consist of one common share and one-half of one Common Share purchase warrant. Each Warrant will entitle the holder thereof to acquire an additional Common Share at a price of CAD 0.12 per share for a period of 24 months from the date of Issuance.

The company may pay a commission or finder's fee to eligible parties in connection with the transaction, in compliance with the policies of the TSXV Venture Exchange. Completion of the transaction is subject to final approval of the Exchange. All securities issued pursuant to the transaction will be subject to a statutory hold period expiring four months and a day from the date of issue.