Shareholding in Inventus Mining Corp ("Inventus") - Endurance formerly owned 100% interest in the Pardo "paleoplacer gold" Project, near Sudbury Ontario. In 2009 the Company executed an option and JV agreement with the predecessor company of Inventus. In 2016 Endurance sold its remaining 35.5% participating interest in the Pardo JV for 25,500,000 shares of Inventus and $75,000 in cash resulting in Endurance becoming a major shareholder of Inventus effectively exchanging its ownership interest in the Pardo JV for a large shareholding in Inventus. As of December 29, 2020, Endurance's share ownership of 12,978,000 shares represents 10.58% of the issued and outstanding shares of Inventus. Endurance retains the right to appoint a Director to the Board of Inventus for as long as its shareholding exceeds 10%. Endurance shareholders can follow Inventus' exploration activities on Pardo and their other exploration projects by visiting the Inventus website.
Rattlesnake Hills Royalty (2% NSR) - The Company, through its US subsidiary, Endurance Resources Inc. (ERI), owned or had an option for a 100% interest in about 7,000 acres in the Rattlesnake Hills Gold District, Natrona County, Wyoming first acquired in 2008.
In 2015, GFG Resources Inc. ("GFG") acquired the Company's Rattlesnake Hills property through the payment of US$150,000 in cash, and the issuance of 1,400,000 GFG shares. Endurance still retains some GFG shares and retains a 2% net smelter returns royalty ("NSR") on Endurance's former mining claims. GFG can purchase one half of the 2% NSR, at any time, for a cash payment of US$1,500,000.
Since acquisition, GFG has conducted exploration programs including drilling in the district. In 2018 GFG optioned the Rattlesnake Hills Property to Newcrest Mining Limited who completed a drilling program in 2019. Newcrest withdrew from the option in 2020. GFG is currently considering their strategic alternatives for the Rattlesnake Hills Property. For a current update visit GFG's website.
Dogpaw Lake (2.5% NSR) - Endurance retains a 2.5% NSR on thirty-three claims near Dogpaw Lake, south of the town of Kenora in northwestern Ontario. The claims are owned by Cameron Gold Operations Ltd., a wholly-owned subsidiary of First Mining Gold Corp.