Enduro Metals Corporation announced a non-brokered private placement of up to 75,000,000 units at a price of CAD 0.04 per unit for gross proceeds of up to CAD 3,000,000 on December 14, 2023. Each unit will be comprised of one common share and one-half of one common share purchase warrant. Each warrant shall entitle the holder to acquire an additional common share at a price of CAD 0.08 per share for a period of three years from the date of issuance.

The transaction will include participation from new investor McEwen Mining Inc. for 30,000,000 units. The company may pay finders' fees or brokers' commissions on a portion of the offering in accordance with TSXV policies. The offering is subject to certain conditions, including the approval of the listing and trading of the common shares on the TSXV.

All securities issued will be subject to a four-month holding period from the date of issuance and subject to TSXV approval. The offering is subject to certain conditions including, but not limited to, receipt of all necessary approvals, including the approval of the TSX Venture Exchange.