Replies to post #96 on Enduro Metals Corp. (ENDMF)

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Enduro Metals Reports Non-Brokered Private Placement Offering; Down 8.9%

BY MT Newswires
— 1:02 PM ET 04/27/2022

01:02 PM EDT, 04/27/2022 (MT Newswires) -- Enduro Metals Corp. ( ENDMF
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) said Wednesday that it plans to raise about $10.8 million via a structured non-brokered private placement offering.

The offering will include an investment from a mining financial institution totaling about $8.8 million.

The offering will consist of up to 24 million flow-through common shares at $0.365 per FT share; and up to 8 million common shares at $0.26 apiece.

The institutional investor is expected to own about 9.9% of the company's common shares post financing on a non-diluted basis.

Enduro plans to use the proceeds for the exploration of the company's key projects located in the Golden Triangle and for general working capital purposes.

The company's shares fell 8.9% on last look on Wednesday.

Price: 0.26, Change: -0.03, Percent Change: -8.93

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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Interesting Article; Gold as a Fuel cell component. (Gold nanoparticles and Curcumin)

https://www.theengineer.co.uk/content/news/curcumin-and-gold-nanoparticles-key-to-ethanol-fuel-cells


"Curcumin — the substance in turmeric — and gold nanoparticles have been combined to create an electrode that requires 100 times less energy than hydrogen to efficiently convert ethanol into electricity.

According to researchers at the Clemson Nanomaterials Institute and the Sri Sathya Sai Institute of Higher Learning, of all the catalysts for alcohol oxidation in alkaline medium that exist, the one they prepared is the best so far. Thus, their finding paves the way for replacing hydrogen as fuel cell feedstock.
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Fuel cells generate electricity through a chemical reaction instead of combustion." ...Snip more at link.