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Enduro Metals Secures Royalty Buyback Option and Simplifies Royalty Structure on Newmont Lake Project, British Columbia
Vancouver, British Columbia--(Newsfile Corp. - April 27, 2026) - Enduro Metals Corporation (TSXV: ENDR) ("Enduro", "Enduro Metals" or the "Company") is pleased
About this update from Enduro Metals Corporation
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - April 27, 2026) - Enduro Metals Corporation (TSXV: ENDR) (\"Enduro\", \"Enduro Metals\" or the \"Company\") is pleased to announce that it has entered into an amending agreement (the \"Agreement\") dated April 27, 2026 with Oreterra Metals Corp. (TSXV: OTMC) (\"Oreterra\") with respect to Oreterra's royalty interest in the Company's Newmont Lake Project (the \"Property\"). The Agreement introduces a buyback provision that allows Enduro to reduce the existing 2% net smelter return (\"NSR\") royalty by 50% to 1% at the Company's discretion at any time prior to the commencement of extraction, when product is produced from the Property. In addition, the agreement simplifies future payment obligations by replacing variable, share-based resource linked payments with a clear and structured cash-based schedule aligned with project advancement. Highlights: Royalty Buyback Option: Enduro may reduce the Oreterra royalty from a 2% NSR to a 1% NSR through a one-time payment of $8,000,000 prior to the commencement of extraction, when product is produced from the Property Simplified Payment Structure: replaces complex share-based resource linked payments with a transparent, staged cash schedule aligned with the project advancement Portions of milestone payments are treated as advanced royalty payments, supporting long-term project economics With this Agreement, Enduro has strengthened its ability to manage the long-term royalty burden across the Newmont Lake Project. The royalty buydown, if enacted, would result in the remaining net royalty burden on the Andrei, Burgundy and Twin target areas reducing to a 1% NSR and in conjunction with other buydown provisions, locally up to 2% on portions of the NW and Camp zones. Robert Cameron, Chief Executive Officer of Enduro commented: \"This Agreement is a critical step in positioning the Newmont Lake Project for long-term success which we are delighted to have secured in advance of drilling the Andrei Cu Au porphyry target. Importantly, we have addressed legacy royalty provisions early in the project's lifecycle, before significant value is defined through drilling. The previous structure was established in the context of the NW Zone gold resource and did not contemplate the broader district-scale porphyry potential we see today. As we advance high-...