01:09 PM EDT, 07/16/2025 (MT Newswires) -- Enduro Metals ( ENDMF ) shares were last seen down 14% after the company on Wednesday it will to raise up to $2 million through a non-brokered private placement.

The company is offering non-flow-through units at $0.15 per NFT unit and flow-through shares at $0.185 per FT Share. Each NFT unit will consist of a share and one-half of a two-year warrant to buy a share for $0.22.

Proceeds will be used for exploration and development of the Newmont Lake project in the heart of British Columbia's Golden triangle, and for general corporate purposes and working capital.

Shares of the company were last seen down $0.025 to $0.155 on the TSX Venture Exchange.

Price: 0.16, Change: -0.03, Percent Change: -13.89