- Strong shareholder approval with 99.1% votes in favor
- Creation of a larger-scale exploration company with three drill-ready projects
- Strategic positioning in the Golden Triangle region near active mines
Commander Resources Ltd. (CMD) shareholders have overwhelmingly endorsed the proposed merger with Enduro Metals Corporation (OTCQB: ENDMF), with 99.1% casting votes in favor during the annual general and special meeting held on May 15, 2025. The arrangement aims to form a robust exploration entity focusing on copper and gold porphyry exploration in British Columbia.
The combined company will boast three drill-ready projects across British Columbia, with the Newmont Lake project serving as the flagship operation located in the Golden Triangle, an area known for its rich mineral deposits. Field operations are anticipated to begin in June 2025, marking a crucial step forward for the newly formed venture.
The closing of the merger is expected around May 30, 2025, but remains contingent upon final approvals from the Supreme Court of British Columbia and the TSX Venture Exchange, in addition to satisfying other closing conditions. Both companies are optimistic about the synergies and expansion potential the merger presents, allowing them to leverage complementary assets and expertise to better explore and develop their mineral projects.
