Vancouver, British Columbia — January 20, 2026 — Leads & Copy — Enduro Metals Corporation has completed the sale of its 100% interest in the 1,750-hectare Pedro Gold Project in Durango State, Mexico, to Southern Empire Resources Corp.
According to the terms of the amended agreement, Southern Empire issued 2,000,000 common shares to Enduro and agreed to a future $2,000,000 milestone payment upon the start of commercial production at the Pedro Gold Project, according to the news release. Enduro will retain a 2% net smelter return (NSR) royalty interest from future Pedro production without a buydown provision. The shares issued to Enduro will be subject to resale restrictions for four months from the date of issuance. Southern Empire acquired its 100% interest in the Pedro mineral tenements by acquiring a 100% beneficial interest in Minera BRG, S.A. de C.V., the Mexican subsidiary of Enduro that owns Pedro.
Enduro Metals is an exploration company focused on its Newmont Lake Project, a 688 km2 property in British Columbia’s Golden Triangle. The geological team has outlined multiple deposit environments of interest, including copper-gold alkalic porphyry mineralization at Burgundy and newly discovered copper-gold porphyry mineralization at Andrei. The Newmont Lake Project includes high-grade epithermal/skarn gold along the McLymont Fault. The company also holds the advanced Burn porphyry copper and gold project in northern BC.
Robert Cameron, P. Geo., Enduro’s chief executive officer and qualified person as defined by National Instrument 43-101, has reviewed and approved the technical aspects of this release.
Robert Cameron, CEO
Tel: +1 (778) 989-1501
Email: cameron@endurometals.com
Source: Enduro Metals
