Romios Sells Claims in British Columbia's Golden Triangle to Enduro Metals Corp. for $300,000

On November 10, 2025, Romios Gold Resources announced the sale of a non-core, 1,200-hectare claim package in British Columbia's Golden Triangle to Enduro Metals Corp. In exchange, Romios received $300,000 in cash and retained a 2% Net Smelter Royalty (NSR) on the claims. The company's President stated that the cash proceeds will strengthen the balance sheet, advance the company's ongoing restructuring, and allow for a dedicated focus on drilling its priority asset, the Trek South copper-gold prospect, during the next field season.

The sale of non-core claims is materially positive for Romios Gold. While an asset sale is not a discovery, the $300,000 cash injection is significant for a company that reported zero cash on its June 30, 2025, annual financial statements and had a working capital deficit of over $1.3 million.

This transaction must be viewed in the context of the comprehensive turnaround strategy initiated since the appointment of new CEO Kevin Keough in June 2025. The historical news flow shows a clear and consistent pattern: 1. June 2025: Appoint a proven CEO with a track record of discovery and M&A success in the Golden Triangle (GT Gold). 2. July-August 2025: Raise $750,000 in a private placement to fund operations. 3. October 2025: Settle approximately $968,000 in legacy debt owed to insiders, primarily through the issuance of shares, cleaning up a critical balance sheet liability. 4. October 2025: Refresh the board of directors and management team. 5. July-November 2025: Divest non-core assets for non-dilutive cash ($100,000 from Galore Creek JV, $300,000 from Enduro) while retaining royalty upside.

The latest news is a key execution step in this strategy. It provides non-dilutive funding, extends the company's operational runway, and reinforces management's stated focus on its flagship Trek South project. The pro-forma cash position is now significantly improved, likely exceeding $1 million, which is sufficient to fund G&A and preparatory work leading up to the planned 2026 drill program. This successful execution of the turnaround plan reduces financial risk and builds management credibility.

Romios Gold is a junior mineral exploration company with properties in British Columbia, Ontario, and Nevada. Following a major corporate restructuring in 2025, the company's flagship project is now the Trek South copper-gold porphyry prospect located in BC's prolific Golden Triangle. The project is adjacent to the massive Galore Creek deposit (a Newmont/Teck JV) and is considered by management to be one of the best undrilled porphyry targets in the province. The new CEO, Kevin Keough, has a significant track record in this area, having led GT Gold to the Saddle North discovery, which was subsequently acquired by Newmont for $456 million.