Tillkännagivande • May 31
Enduro Metals Corporation (TSXV : ENDR) completed the acquisition of Commander Resources Ltd. (TSXV: CMD). Enduro Metals Corporation (TSXV : ENDR) entered into an amalgamation agreement to acquire Commander Resources Ltd. (TSXV: CMD) for CAD 4 million on February 24, 2025. The Agreement provides for an Exchange Ratio of 0.535 of an Enduro Common Share for each one (1) Commander Common Share, representing a deemed price per Commander Common Shares of CAD 0.10 and a deemed price per Enduro Common Share of CAD 0.187 representing a 30-day VWAP. It is anticipated that upon completion of the proposed transaction, legacy holders of Commander Common Shares would hold approximately 45.65% of the Resulting Issuer and legacy holders of Enduro Common Shares would hold approximately 54.35% of the Resulting Issuer. Outstanding warrants and options of Commander will be exchanged for equivalent warrants and options, respectively, of Enduro based on the Exchange Ratio. Under certain circumstances, if the agreement is terminated, Enduro would be entitled to the payment of a CAD 400,000 termination fee from Commander. On February 25, 2025, the parties terminated the old agreement signed on December 9, 2024, entered into an arrangement agreement and the Parties have determined to structure the Proposed Transaction as a court-approved plan of arrangement. Other terms of the transaction remain the same.
Under the terms of the Agreement, Enduro will acquire all the issued and outstanding securities of Commander, with the result that the current securityholders of Commander will become securityholders of Enduro. Upon completion of the Proposed Transaction, it is anticipated that Rob Cameron and Brandon Macdonald will join the Board of Enduro. In order to facilitate these appointments, existing Enduro director, Lawrence Roulston, has advised the Enduro Board that he will resign as a director of Enduro immediately prior to the completion of the proposed transaction.
The proposed transaction will be subject to the approval by Commander shareholders by a special resolution of at least a two-thirds (2/3) majority of the votes cast at an annual general and special meeting, and also subject to the receipt of certain regulatory, approval of The Supreme Court of British Columbia, and TSX Venture Exchange (the “TSX-V”) approvals, Dissent Rights to the Amalgamation shall not have been exercised prior to the Effective Date by holders of Commander Shares representing in the aggregate 5% or more of the total number of Commander Shares outstanding at such time and other closing conditions customary in transactions of this nature. The proposed transaction was unanimously approved by Commander’s board of directors. Commander’s board of directors has unanimously recommended that the Commander’s shareholders vote in favour of the proposed transaction. As of April 8, 2025, the Arrangement is anticipated to be completed in May of 2025. As of May 15, 2025, Commander’s shareholders approved the transaction at Commander’s annual general and special meeting of shareholders (the “Meeting”) and the special resolution approving the Arrangement was approved by an majority of votes cast by Commander Shareholders (99.1%) and the parties currently expect to complete the Arrangement on or about May 30, 2025. As of May 26, 2025, The Supreme Court of British Columbia issued its Final Order approving the merger.
GenCap Mining Advisory Ltd. is acting as financial adviser to the Commander special committee. Paul Bowes and Jeff Sheremeta of Harper Grey LLP acting as Canadian legal advisers to Commander. Keith Inman of Pushor Mitchell LLP is acting as Canadian legal adviser to Enduro. GenCap Mining Advisory Ltd. provided a fairness opinion to the Commander special committee and board of directors. Computershare Investor Services Inc. acted as Depositary for Commander Resources.
Enduro Metals Corporation (TSXV : ENDR) completed the acquisition of Commander Resources Ltd. (TSXV: CMD) on May 30, 2025. It is expected that the Commander Shares will be delisted from the TSX Venture Exchange on or about May 30, 2025. Koffman Kalef LLP acted as legal advisor to Commander. Board Change • May 25
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Independent Director Vanessa Pickering was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Apr 03
Commander Resources Ltd., Annual General Meeting, May 15, 2025 Commander Resources Ltd., Annual General Meeting, May 15, 2025. Location: suite 1100, 1111 melville street, british columbia, v6e 3v6, vancouver Canada Tillkännagivande • Dec 11
Enduro Metals Corporation (TSXV : ENDR) entered into an amalgamation agreement to acquire Commander Resources Ltd. (TSXV: CMD) for CAD 3.8 million. Enduro Metals Corporation (TSXV : ENDR) entered into an amalgamation agreement to acquire Commander Resources Ltd. (TSXV: CMD) for CAD 3.8 million on December 9, 2024. The Agreement provides for an Exchange Ratio of 0.535 of an Enduro Common Share for each one (1) Commander Common Share, representing a deemed price per Commander Common Shares of CAD 0.10 and a deemed price per Enduro Common Share of CAD 0.187 representing a 30-day VWAP. It is anticipated that upon completion of the proposed transaction, legacy holders of Commander Common Shares would hold approximately 45.65% of the Resulting Issuer and legacy holders of Enduro Common Shares would hold approximately 54.35% of the Resulting Issuer. Outstanding warrants and options of Commander will be exchanged for equivalent warrants and options, respectively, of Enduro based on the Exchange Ratio. Under certain circumstances, if the agreement is terminated, Enduro would be entitled to the payment of a CAD 400,000 termination fee from Commander.
Under the terms of the Agreement, Enduro will acquire all the issued and outstanding securities of Commander, with the result that the current securityholders of Commander will become securityholders of Enduro. Upon completion of the Proposed Transaction, it is anticipated that Rob Cameron and Brandon Macdonald will join the Board of Enduro. In order to facilitate these appointments, existing Enduro director, Lawrence Roulston, has advised the Enduro Board that he will resign as a director of Enduro immediately prior to the completion of the proposed transaction.
The proposed transaction will be subject to the approval by Commander shareholders by a special resolution of at least a two-thirds (2/3) majority of the votes cast at an annual general and special meeting, and also subject to the receipt of certain regulatory, court, and TSX Venture Exchange (the “TSX-V”) approvals, and other closing conditions customary in transactions of this nature. The proposed transaction was unanimously approved by Commander’s board of directors and by Enduro's board of directors, in each case with David Watkins abstaining from voting due to his being a director of both companies. Commander’s board of directors has unanimously recommended that the Commander’s shareholders vote in favour of the proposed transaction. GenCap Mining Advisory Ltd. is acting as financial adviser to the Commander special committee. Harper Grey LLP is acting as Canadian legal adviser to Commander. Pushor Mitchell LLP is acting as Canadian legal adviser to Enduro. GenCap Mining Advisory Ltd. provided a fairness opinion to the Commander special committee and board of directors. Board Change • Dec 07
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Independent Director Vanessa Pickering was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Jun 23
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$902k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$902k free cash flow). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.52m market cap, or US$2.57m). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding). New Risk • Jun 10
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (CA$3.52m market cap, or US$2.56m). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding). Tillkännagivande • Mar 05
FruchtExpress Grabher GmbH & Co KG submits a proposal offer to acquire Commander Resources Ltd. (TSXV : CMD) from shareholders for CAD 3.21 million. FruchtExpress Grabher GmbH & Co KG submits a proposal offer to acquire Commander Resources Ltd. (TSXV : CMD) from shareholders for CAD 3.21 million on March 4, 2024. FEx will commence an all-cash offer to acquire all issued and outstanding shares of Commander for CAD 0.09 per share (the proposed offer). Commander shareholders are advised to take no action in respect of the proposed offer until Commander's board of directors have made a formal recommendation to shareholders. Tillkännagivande • Jan 22
Commander Resources Ltd. Intersects 140 M of 0.1% CuEq in Drilling At Burn Porphyry Copper Property, British Columbia Commander Resources Ltd. reported the results of its 2023 drill program at the Burn Copper and Gold porphyry project located 100 km north of Smithers, British Columbia. Freeport-McMoRan Mineral Properties Canada Inc. is earning into the Burn Property and vested at 75% interest during this program. The 2023 program comprised 10 drill holes totaling 4,403 m and tested a wide-spaced variety of targets across a 6 km region. The Burn Property, which covers 17,675 ha was initially acquired directly by Commander in 2018 to cover prominent gossans exposed along ridges. It is located within the Babine Porphyry belt 70 km north of two past producing mines at Bell and Granisle. There is no record of previous geophysical surveys or drilling. Previous work by Commander, funded by Freeport, included a property wide airborne magnetic survey which outlined two prominent circular magnetic rings and several linear magnetic highs that coincide with stocks and dykes of Eocene age. A follow-up reconnaissance program of stream sediment sampling, soil and rock sampling, and geological mapping identified four alteration zones of which the largest is referred to as the Central Copper zone. The Central Copper zone, first drilled in 2022 (4 holes, 1513 m), was the focus of the 2023 drill program and is underlain by numerous phases of feldspar-biotite-hornblende ("BFP") porphyry dykes and stocks exhibiting alteration from chlorite to chlorite-magnetite, and moderate quartz-sericite-pyrite ("phyllic") to intense phyllic with local quartz veinlets. Drill Hole B-05 and B-06 Holes B-05 and B-06 were drilled at the highest elevation on the property on a large alpine plateau. The target was a prominent circular magnetic high feature. Both holes encountered highly altered intrusive and volcanic rocks with lesser amounts of sediments until passing into massive hornfels sediments near the base of the hole. Alteration is dominated by sericite and iron carbonate and is accompanied by pyrite, pyrrhotite and sphalerite with trace amounts of chalcopyrite. Drill Hole B-07 Hole B-07 was collared 120 m west of 2022 hole B-02 and was drilled on section beneath it. Unlike hole B-02, the hole encountered mostly black, weak to moderate sericite altered fossiliferous mudstone and local sections of mixed polylithic mudstone and volcanic breccias. Pyrite is pervasive as fine disseminations, thin veined stockworks and local planar 1 cm thick veins. Gold was elevated throughout with the best 2-metre interval returning 5.18 g/t gold at 308 metres downhole. Drill Hole B-08 and B-09 Holes B-08, B-09 and B-01 are drilled on the same section with hole B-09 drilled southerly towards hole B-01. All holes have encountered variably altered biotite feldspar porphyry, feldspar porphyry and k-feldspar porphyry with sulphides dominated by pyrite and chalcopyrite. Copper values in hole B-08 are low except for the bottom 100 metres where values increase with a high value of 18 metres grading 0.05% copper starting at 370.0 m. Hole B-09 returned 0.06% copper over 232.8 m starting at 5.7 metres including a 12-metre interval at 98 m grading 0.22% Cu and 0.13 g/t gold. In both holes, intrusive rocks carried rare 3 cm sericite altered and quartz stockwork veined xenoliths. Drill Hole B-10 Hole B-10 was collared 200 metres southeast of hole B-01 and drilled to the northeast. It encountered an upper copper-rich interval hosted by biotite felspar porphyry, an intermediate interval dominated by felspar porphyry with minor copper and a lower end of hole copper-rich interval. The upper interval returned 140 metres grading 0.08% Cu and 0.04 g/t gold starting at 12 metres and the lower interval returned 114 metres starting at 364 metres grading 0.06% Cu and 0.03 g/t gold. Future Work Drill program data compilation is ongoing. Final clay alteration mineral data is being processed and combined with geological and assay data will aid the planning for follow up drilling. Initial conclusions suggest that the Central Copper one may be the upper levels of a deeper porphyry centre. The Western Gold Zone is unconstrained and is open in all directions. New Risk • Sep 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 10% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (29% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.70m market cap, or US$2.71m). Minor Risk Shareholders have been diluted in the past year (10% increase in shares outstanding). Tillkännagivande • Aug 04
Commander Resources Ltd. announced that it expects to receive CAD 0.6 million in funding Commander Resources Ltd. announced a non-brokered private placement and it will issue up to 4,000,000 flow-through shares at an issue price of CAD 0.1 per flow-through share for total proceeds of up to CAD 400,000, and up to 2,500,000 units at an issue price of CAD 0.08 per unit for total proceeds of up to CAD 200,000 for aggregate gross proceeds of up to CAD 600,000 on August 3, 2023. Each unit will consist of one common share and one share purchase warrant with each unit warrant being exercisable for one additional common share at a price of CAD 0.14 for 18 months from the closing date. In connection with the transaction, the company may pay finders’ fees of up to 6% in cash. The transaction is subject to receipt of TSX Venture Exchange acceptance. Tillkännagivande • Jul 14
Commander Resources Ltd. Announces 4,000 m Drill Program at its Burn Copper-Gold Discovery, British Columbia Commander Resources Ltd. reported that it will follow-up its successful inaugural drill program at the Burn Copper and Gold porphyry project (the "Burn Property" or "Burn") with 4,000 metres ("m") of drilling scheduled to begin on July 15, 2023. The Burn Project is located 100 km north of Smithers, British Columbia. Freeport-McMoRan Mineral Properties Canada Inc. ("Freeport") is earning up to a 75% interest in the Burn Property and Commander is the operator. Commander completed an inaugural drill test of the project comprised of four drill holes totaling 1,513 m from three drill sites in October 2022. Highlights: Burn represents a new greenfields porphyry copper and gold discovery. 4,000 metre fully funded drill program to begin July 15th. Targeting a large 9 km2 partially exposed porphyry system drill tested for the first time in 2022. Successful drilling in 2022 discovered a central porphyry zone in Hole BU22-01 that returned 50 metres @ 0.24% CuEq and a separate gold-rich zone in hole BU22-02 that returned 83.5 metres grading 1.08 g/t Au. Targets to be tested comprise step outs from 2022 holes and drilling of widespread magnetic and soil geochemical targets. The Burn Property, which covers 17,675 ha was acquired directly by Commander in 2018 to cover prominent gossans exposed along ridges and has seen limited historical exploration. The 2022 program was the first time the property has been drilled. The Burn Property is located within the Babine Porphyry belt 70 km north of two past producing mines at Bell and Granisle. Initial work at Burn in 2018 identified widespread phyllic-style alteration with trace amounts of chalcopyrite. There is no record of previous geophysical surveys or drilling. Past work by Commander, funded by Freeport, included a property wide airborne magnetic survey which outlined two prominent circular magnetic rings and several linear magnetic highs that coincide with stocks and dykes of Eocene age. A property-wide program of stream sediment sampling, soil and rock sampling, and geological mapping outlined four alteration zones of which the largest is referred to as the Central zone, the focus of the current drill program. It is underlain by numerous phases of feldspar-biotite-hornblende porphyry dykes and stocks exhibiting alteration from chlorite to chlorite-magnetite, and moderate quartz-sericite-pyrite (QSP) to intense QSP with local quartz veinlets. Tillkännagivande • Jul 06
Commander Resources Ltd., Annual General Meeting, Sep 12, 2023 Commander Resources Ltd., Annual General Meeting, Sep 12, 2023, at 10:00 Pacific Standard Time. Location: 1100 - 1111 Melville Street Vancouver, BC V6E 3V6 Vancouver British Columbia Canada Tillkännagivande • Nov 11
Commander Resources Ltd. Completes Inaugural Drill Program at Burn Copper and Gold Porphyry Project in British Columbia Commander Resources Ltd. report that it has completed its inaugural drill program at its Burn Copper and Gold porphyry project in British Columbia. Commander completed four drill holes totaling 1,513 metres (m) from three drill sites, 513 m more than the initial planned program of 1,000 m. The Burn Property, which covers 17,675 hectares (ha), is located 100 kilometres (km) north of Smithers, British Columbia and was acquired by Commander in 2018 to cover prominent gossans exposed along ridges. The Burn Property is located within the Babine Porphyry belt 70 km north of two past producing mines at Bell and Granisle. Initial work at Burn in 2018 identified widespread phyllic-style alteration with trace amounts of chalcopyrite. There is no record of previous geophysical surveys or drilling. Past work by Commander, funded by Freeport, included a property wide airborne magnetic survey which has outlined two prominent circular magnetic rings and several linear magnetic highs that coincide with stocks and dykes of Eocene age. A property-wide sampling program of stream sediment sampling, soil and rock sampling, and geological mapping has identified four alteration zones of which is referred to as the Central zone. The Central zone, the focus of this year's drill program, is underlain by numerous phases of feldspar-biotite-hornblende porphyry dykes and stocks exhibiting alteration from chlorite to chlorite-magnetite, and moderate quartz-sericite-pyrite (QSP) to intense QSP with local quartz veinlets. All core has been logged and sampled and submitted for analysis with final results expected in December. Initial 1,513 metre drill program completed at Commander's Burn Property. Area tested includes an exposed, quartz-magnetite stockwork zone, a chargeability (induced polarization) anomaly and a zone of elevated gold in soils. Target comprises a Babine-style porphyry copper-gold deposit. Tillkännagivande • Oct 07
Commander Resources Ltd. Reports an Initial 1,000 Meter Drill Program At Its Burn Copper and Gold Porphyry Project in British Columbia Commander Resources Ltd. reported that it has begun an initial 1,000 meter drill program at its Burn Copper and Gold porphyry project in British Columbia (the "Burn Property"). Freeport-McMoRan Mineral Properties Canada Inc. ("Freeport") is earning into the Burn Property and Commander is the operator of the project. In addition, Commander has expanded the Burn Property through an option agreement with private tenure holders allowing Commander to acquire a 100% interest in two claims totaling 127 hectares ("ha"). The Burn Property, which covers 17,675 ha property, is located100 km north of Smithers, British Columbia and was acquired directly by Commander in 2018 to cover prominent gossans exposed along ridges. The Burn Property is located within the Babine Porphyry belt 70 km north of two past producing mines at Bell and Granisle. Initial work at Burn in 2018 identified widespread phyllic-style alteration with trace amounts of chalcopyrite. There is no record of previous geophysical surveys or drilling. Past work by Commander, funded by Freeport, included a property wide airborne magne tic survey (200 m spaced flight lines) which has outlined two prominent circular magnetic rings and several linear magnetic highs that coincide with stocks and dykes of Eocene age. A property-wide sampling program of stream sediment sampling, soil and rock sampling, and geological mapping has identified four alteration zones of which the largest is referred to as the Central zone. The Central zone, the focus of this year's drill program, is underlain by numerous phases of feldspar-biotite- hornblende monzonite and quartz monzonite dykes and stocks exhibiting alteration from chlorite to chlorite-magnetite, and moderate quartz-sericite-pyrite (QSP) to intense QSP with local quartz veinlets. In one location, angular boulders of K-feldspar-biotite-magnetite altered feldspar-biotite porphyry monzonite with sheeted and stockwork magnetite-quartz veins with K-feldspar haloes was discovered. Reconnaissance soil sampling in the Central zone has identified several anomalous Au-Cu and Mo areas including one discrete region on the west side where three samples over a distance of 300 m returned 500 ppb Au to 3900 ppb Au. Silt sampling from one of the north flowing creeks draining the Main zone returned anomalous Cu-Mo- Au throughout. Tillkännagivande • Aug 18
Fjordland Exploration Inc. and Ivanhoe Electric Commence Drilling At South Voisey's Bay, Labrador Commander Resources Ltd. reported that project partners Fjordland Exploration Inc. and Ivanhoe Electric Inc. ("IE") have commenced drilling at the South Voisey's Bay ("SVB") nickel copper cobalt project in Labrador. This is the start of a 2,500- metre drill program testing targets derived from extensive processing of historical and recent geophysical data including a significant property wide gravity inversion study and the recently completed Low Temperature ("LT") Superconducting Quantum Interference Device ("SQUID") Moving Loop Transient Electromagnetic ("MLTEM") survey performed in 2021. Fjordland and Ivanhoe Electric commence drilling at South Voisey's Bay. Start of a 2,500-metre drill program. Targets derived from reprocessing of historical geophysics data and from recent LT Squid MLTEM survey as well as new geological interpretations. Located 90 km south of Vale's operating high-grade Voisey's Bay nickel mine, the South Voisey's Bay ("SVB") Pants Lake Intrusive is believed to have the potential for hosting a massive sulfide nickel deposit similar to the Voisey's Bay deposit. Nickel sulfide in varying amounts occurs in the vast majority of the previous drill holes assayed within the Pants Lake intrusive. As an example, in 1997, Donner Resources Ltd. reported a 1.1m intercept of 11.6% nickel, 10.2% copper and 0.41% cobalt in drill hole SVB 97-75 on ground now adjacent to Fjordland's project. The goal of this summer's drill program is to locate conduits within the SVB system where nickel bearing magma has potentially accumulated in economic volumes. The South Voisey's Bay property (29,400 hectares) is in central Labrador approximately 90 km due south of the operating Voisey's Bay nickel mine and covers parts of the Pants Lake gabbro complex in the South Voisey's Bay area. The Pants Lake Complex contains host rocks with alteration and nickel mineralization styles that are geologically similar to the Voisey's Bay host rocks. Tillkännagivande • Jun 18
Commander Resources Ltd., Annual General Meeting, Sep 07, 2022 Commander Resources Ltd., Annual General Meeting, Sep 07, 2022, at 10:00 Pacific Standard Time. Location: 1100 1111 Melville Street BC V6E 3V6 Vancouver Canada Tillkännagivande • Feb 04
Commander Resources Ltd. Provides Drilling Update At Pedro Gold Project, Durango, Mexico Commander Resources Ltd. has been provided an update from project partner Southern Empire Resources Corp. ("Southern Empire") (SMP:TSX-V) on the recently initiated drill program on the Pedro Gold Project (1,750 ha.), located in northeastern Durango State, México. The Pedro property is located 80 Km from Torreon, Mexico in the northeastern part of the State of Durango and approximately 30 km west of the town of Mapimi and covers a large multi-kilometre epithermal-style gold target. The wholly owned property was acquired by Commander in 2016 from Bearing Lithium. The Pedro epithermal-style gold system is outlined at surface by a combined gold (>10 ppb) soil anomaly with dimensions of 4000 metres by 1000 metres. Outcrop exposure comprises prominent hematite-stained silica-rich ridges of angular chalcedony fragments and silicified sedimentary rocks within an angular course breccia. The mineralization extends beneath post-mineral volcanic rocks, colluvium (range front fanglomerate) and alluvium to the north and east. Historical rock sampling of the exposed zones returned gold values in rock from background levels to a maximum of 2.3 ppm (58 greater than 0.25 ppm and 11 greater than 1 ppm). IP geophysics outlined the known zones as elevated chargeability zones and has identified discreet deep features. Pedro covers prospective "Basin and Range" geology including the Caracol Formation, which is a rhythmically interbedded sequence of carbonaceous limestone, calcareous siltstones, weakly calcareous turbiditic sandstones, and shales. The Caracol Formation is the main underlying sedimentary formation at Pedro and is the dominant clast component of the younger conglomerates that host mineralisation. Tillkännagivande • Dec 23
Commander Partner Southern Empire Resources to Drill Pedro Gold Project, Durango Mexico Commander Resources Ltd. announced that its project partner Southern Empire Resources Corp. ("Southern Empire") has announced that it will be conducting high-resolution, airborne magnetic and radiometric geophysical surveys of the Pedro Gold Project, located in northeastern Durango State, México. In addition, Southern Empire has engaged Sevicios de Ingeneria Ambiental y Seguridad S.A. de C.V. of Durango to complete 2,000 metres (m; 6,560 feet) of core drilling on the Pedro Gold Project. This nine-hole, core drill program is expected to start in January of 2022. Southern Empire to complete airborne geophysical survey followed by a 2000 metre drill program at the Company's Pedro Gold Project. Southern Empire is earning a 100% interest for consideration of $700,000 staged over four payments (3 years) and 100,000 shares and work expenditures of $1,500,000. Commander retains a 2% NSR royalty with no buydown provision. The Pedro property is located 100 Km from Torreon, Mexico in the northeastern part of the State of Durango and approximately 30 km west of the town of Mapimi and covers a large multi-kilometre epithermal-style gold target. The wholly owned property was acquired by Commander in 2016 from Bearing Lithium. The Pedro epithermal-style gold system is outlined at surface by a combined gold (>10 ppb) soil anomaly with dimensions of 4000 metres by 1000 metres. Outcrop exposure comprises prominent hematite-stained silica-rich ridges of angular chalcedony fragments and silicified sedimentary rocks within an angular course breccia. The mineralization extends beneath post-mineral volcanic rocks, colluvium (range front fanglomerate) and alluvium to the north and east. Historical rock sampling of the exposed zones returned gold values in rock from background levels to a maximum of 2.3 ppm (58 greater than 0.25 ppm and 11 greater than 1 ppm). IP geophysics outlined the known zones as elevated chargeability zones and identified discreet deep features. Tillkännagivande • Sep 24
Commander Resources Ltd. Provides an Update of its 2021 Exploration Program on its 100% Owned Projects in British Columbia and Ontario Commander Resources Ltd. to provide an update of its 2021 exploration program on its 100% owned projects in British Columbia and Ontario. In January Commander completed an initial geological and structural interpretation of its recent 800 line-kilometre airborne Magnetic and EM survey on its First Loon Project in the Pickle Lake Gold Belt of Ontario. The interpretation successfully identified three principal target areas based on magnetic and resistivity features and similarities extrapolated from nearby gold mining operations. Key conclusions from the survey indicated that the main Pickle Crow mine trend crosses onto the property east of First Loon Lake, wraps around a prominent fold closure, continues southwest through the length of the project, and wraps around another fold closure. Major structures are inferred from obvious breaks and truncations in the geophysical patterns. The 2021 summer field program is nearing completion and comprises ground mapping and prospecting of key target areas and a property-wide till sampling program. Gold grain counts will be determined by IOS Services Geoscientifiques Inc. using their automated grain count technology. Composition of separated gold grains will be confirmed using a Scanning Electron Microscope. Sabin zinc-copper-silver-gold volcanogenic massive sulphide (VMS) project is in northwest Ontario, within the Sturgeon Lake greenstone belt. The project is primarily centered on extensive VMS-style alteration and mineralization and the newly identified Quarry Zone bulk tonnage-style gold target within the Patterson Lake Stock where sampling in 2020 returned gold values up to 1.4 g/t from grab samples. Work is underway on a first pass mapping and sampling program at the Quarry Zone in preparation for a 20 line-kilometre induced polarization survey planned for the coming months. The Quarry showing is exposed in the bottom of a gravel pit and only about 10-15 m of strike is exposed with a minimum width of 25-35 m. The target is coincident with a single VTEM conductor within a broader area of low resistivity. The IP survey will allow a larger footprint to be outlined beneath the extensive cover. The showing, hosted within a granodiorite, comprises sheeted intensely altered (quartz-sericite-pyrite-iron carbonate) shear zones with extension quartz veins emanating from the shears. In August the company completed a mapping and sampling program at Omineca designed to expand the large copper and gold soil anomaly and associated porphyry mineralization by extending the coverage of the historical soil grids to the west and north as well as verifying historical mapping. Previous work by Commander on the Omineca project has included reconnaissance prospecting, mapping, and geochemical sampling, which identified high copper and gold soil geochemistry within the property in a porphyry copper-gold setting. An overlapping anomalous zone of >1,000 ppm Cu (0.1%) in soils and up to 250 ppb Au in soils (0.25 g/t Au) covers over 1.8 km in extent. Anomalous gold values (>50 ppb) extend a further 1.5 km beyond this zone. A close spaced airborne magnetic survey is planned in October. The 2021 work program on the October Dome property consisted of mapping, soil, and rock sampling along the steep slopes along the Quesnel River designed to identify the key skarn horizon originally encountered in historical drill hole OD-06. The geology of October Dome is like that which hosts the mineralization mined at the past producing QR gold mine located 6 kilometres to the northwest. An airborne magnetic survey is planned for the property in October. Hole OD-6 encountered a 15-metre core length of massive magnetite skarn with semi-massive pyrite layers accompanied by chalcopyrite, epidote, and garnet at the sediment/basalt contact. A nine-metre section of this skarn assayed 0.7 gram per tonne gold, including a three-metre length that returned 1.3 g/t Au. For full details of the drill program reference should be made to Bearing Resources news release dated December 3, 2013. Tillkännagivande • Sep 21
Commander Resources Ltd. announced that it has received CAD 0.66254 million in funding On September 20, 2021, Commander Resources Ltd. closed the transaction. The company issued 800,000 units for gross proceeds of CAD 662,539.97. The company issued 2,202,235 units and 1,600,889 flow-through shares in the transaction. The transaction included participation from Robert Cameron for 150,000 units, Brandon Macdonald for 40,000 units, and Eric Norton for 110,000 units. Board Change • Sep 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Chairman Brandon MacDonald was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Aug 06
Commander Resources Ltd. announced that it expects to receive CAD 0.75 million in funding Commander Resources Ltd. announced a non-brokered private placement of 2,222,222 flow through shares at a price of CAD 0.18 per share for proceeds of CAD 400,000 and 2,058,823 units at a price of CAD 0.17 per unit for gross proceeds of CAD 350,000 for aggregate gross proceeds of CAD 750,000 on August 5, 2021. Each unit consists of one common share and one-half of one share purchase warrant. Each warrant will entitle the holder to purchase a common share at a price of CAD 0.25 for a period of 18 months from the date of closing. The company may pay finder's fee of up to 6% in cash. The transaction will include participation from existing shareholders of the company. Is New 90 Day High Low • Feb 24
New 90-day high: CA$0.23 The company is up 41% from its price of CA$0.16 on 25 November 2020. The Canadian market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 6.0% over the same period. Is New 90 Day High Low • Feb 18
New 90-day high: CA$0.22 The company is up 47% from its price of CA$0.15 on 18 November 2020. The Canadian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 3.0% over the same period. Is New 90 Day High Low • Jan 23
New 90-day high: CA$0.21 The company is up 43% from its price of CA$0.15 on 21 October 2020. The Canadian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 2.0% over the same period. Tillkännagivande • Jan 20
Commander Resources Ltd. Identifies Targets at First Loon Gold Project and Expands Property, Pickle Lake, Ontario Commander Resources Ltd. has completed an initial geological and structural interpretation of the recent 800 line-kilometre airborne Magnetic and EM survey on its First Loon Project in the Pickle Lake Gold Belt of Ontario. The interpretation successfully identified three principal target areas based on magnetic and resistivity features and similarities extrapolated from nearby gold mining operations. As a result of this study, the company increased the property size by 60% to cover potential extensions of the new targets. The Pickle Lake greenstone belt is part of the Uchi Sub-province which hosts many gold occurrences and past and current producers including deposits in the Red Lake gold district some 250 km to the west. The First Loon Property (8,892 ha) is immediately southeast of the main cluster of past producing mines in the region that include the Pickle Crow, Central Patricia, and Dona Lake mines with total reported historical production of 2,300,000 ounces (ref. 2015 Institute on Lake Superior Geology, Fieldtrip Guidebook). Bedrock exposure in this region is extremely limited. The recent airborne geophysical survey with magnetic and resistivity data allows for an informed interpretation of underlying rock units and structures. Historical drill holes and mapping from fall 2020 have guided the interpretation. Key conclusions from the survey indicate that the main Pickle Crow mine trend crosses onto the property east of First Loon Lake, wraps around a prominent fold closure, continues southwest through the length of the project, and wraps around another fold closure. Major structures are inferred from obvious breaks and truncations in the geophysical patterns. Limited rock sampling of carbonate-altered iron formation in the North target area returned anomalous gold values with a maximum value of 192 ppb. Widely spaced till samples were collected over this area and are being processed for gold grain and associated indicator minerals as well as for geochemical analysis of clay fraction separates. Tillkännagivande • Jan 16
Commander Resources Ltd. Provides Results from Sampling Program on the Sabin Zinc-Copper-Silver-Gold Volcanogenic Massive Sulphide Project Located in Northwest Ontario Commander Resources Ltd. to provide results from a sampling program on the Sabin zinc-copper-silver-gold volcanogenic massive sulphide (VMS) project (the “Sabin Property”) located in northwest Ontario, Canada, some ten kilometres north of the community of Savant Lake. Work was conducted in the fall of 2020 and focused on first pass prospecting of conductor targets identified from a recent VTEM survey completed in late 2018. The project is primarily centred on extensive VMS- style alteration and mineralization however work during this program identified a bulk tonnage-style gold target within the Patterson Lake Stock where sampling returned gold values up to 1.4 g/t from grab samples. Continued follow-up sampling of airborne conductors identified in recent VTEM Plus survey. New gold zone sampled at Quarry Showing within the Paterson Lake Stock (high sample 1.4 g/t gold) High gold and zinc values returned from newly sampled Hadley showing. (high sample 4.25 g/t gold, 10.4% zinc). Is New 90 Day High Low • Jan 16
New 90-day high: CA$0.21 The company is up 45% from its price of CA$0.14 on 16 October 2020. The Canadian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 3.0% over the same period. Is New 90 Day High Low • Jan 06
New 90-day high: CA$0.20 The company is up 64% from its price of CA$0.13 on 05 October 2020. The Canadian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 7.0% over the same period. Tillkännagivande • Nov 21
Commander Resources Ltd. (TSXV:CMD) acquired Three Claim Blocks in Garden Lake Greenstone Belt Located at Thunder Bay, Ontario. Commander Resources Ltd. (TSXV:CMD) acquired Three Claim Blocks in Garden Lake Greenstone Belt Located at Thunder Bay, Ontario in July 2020.
Commander Resources Ltd. (TSXV:CMD) completed the acquisition of Three Claim Blocks in Garden Lake Greenstone Belt Located at Thunder Bay, Ontario in July 2020. Tillkännagivande • Nov 14
Commander Resources Ltd. Provides Report on Exploration Activities at the Burn Property Located 100 Km NNE of Smithers British Columbia Commander Resources Ltd. provided a report on exploration activities at the company's Burn property located 100 km NNE of Smithers British Columbia. The project is subject to an earn-in agreement with Freeport-McMoRan Mineral Properties Canada Inc. allowing for Freeport to earn a 75% interest in the large 16,000 ha Burn Property. The Burn Property is located within the Babine Porphyry belt 70 km north of two past producing mines at Bell and Granisle. Initial work at Burn in 2018 identified widespread phyllic-style alteration with trace amounts of chalcopyrite. There is no record of previous geophysical surveys or drilling. Work by Commander, funded by Freeport, included a property wide airborne magnetic survey (200 m spaced flight lines) which has outlined two prominent circular magnetic rings and several linear magnetic highs that coincide with stocks and dykes of Eocene age (Figure 2). A property-wide sampling program of stream sediment sampling, soil and rock sampling, and geological mapping has identified four alteration zones of which the largest is referred to as the Central zone. The Central zone is underlain by numerous phases of feldspar-biotite-hornblende monzonite and quartz monzonite dykes and stocks exhibiting alteration from chlorite, to chlorite-magnetite, and moderate quartz-sericite-pyrite (QSP) to intense QSP with local quartz veinlets. In one location, angular boulders of K-feldspar-biotite-magnetite altered feldspar-biotite porphyry monzonite with sheeted and stockwork magnetite-quartz veins with K-feldspar haloes was discovered. Reconnaissance soil sampling in the Central zone has identified several anomalous Au-Cu and Mo areas including one discrete region on the west side where three samples over a distance of 300 m returned 500 ppb Au to 3900 ppb Au (Figure 3). Silt sampling from one of the north flowing creeks draining the Main zone returned anomalous Cu-Mo-Au throughout. In 2020, 23 samples were collected around the anomalous gold in soil samples including samples of talus fines collected directly downhill from soil sample pits. The bedrock in this area is mainly underlain by a biotite-feldspar porphyry monzonite stock and intensely QSP altered and pyrite vein stockworks. The stock is cut by a series of sheeted WNW striking vertical pyrite veinlets with strong QSP altered haloes which are common at high-levels in porphyry Cu-Au systems and termed "D-veins". Rock grab samples include 4 samples greater than 250 ppb Au including one sample of 1,586 ppb Au with low Cu tenors, again typical at high-levels in porphyry Cu-Au systems. In October, the Company received a multi-year exploration permit for drill testing and ground base geophysics. Grab rock samples are selective by nature and may not represent the true grade or style of mineralization. Samples were collected in the field by Stephen Wetherup, P. Geo. Analytical work was completed by Bureau Veritas in Vancouver, BC. Gold was analyzed by fire assay fusion of a 30-gram aliquot and other elements by ICP-ES from a 4- acid digestion.