Denarius Metals(NEO:DMET)

Denarius Metals is a Canadian junior company focused on the acquisition, exploration, development, and operation of polymetallic mining projects in high-grade districts in Spain and Colombia.

Investor website: https://denariusmetals.com/

About

Denarius Metals is a Canadian junior company focused on the acquisition, exploration, development, and operation of polymetallic mining projects in high-grade districts in Spain and Colombia. The company is publicly traded on Cboe Canada and OTCQX. It is currently constructing the Zancudo Project in Colombia, which includes a high-grade gold-silver deposit, and holds a significant interest in Rio Narcea Recursos in Spain, which owns the Aguablanca nickel-copper mine. Denarius is committed to ongoing exploration and has a strong focus on ESG strategies.

Verified company data

Cash position
~$17.9M
Shares outstanding
213434217
Fully diluted shares
347637279
Mineral resource
The PEA is based on the MRE announced by the Company on September 5, 2023 for the Zancudo deposit with an effective date of July 31, 2023. The MRE is based on the most recent interpretation of ten geological domains of the Project. Five domains representing the sub-horizontal Manto and five domains representing various steeply dipping mineralized veins throughout the Project. These mineralized zones have been analyzed for grade capping and compositing for statistical analysis, geostatistical analysis, block modeling and grade interpolations using industry accepted standards. Mineral resources in this news release were estimated in accordance with the Canadian Institute on Mining, Metallurgy and Petroleum (“CIM”) Definition Standards for Mineral Resources and Reserves, prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM Council on May 14, 2014. The total MRE for the Zancudo deposit has been classified as inferred mineral resources.
Projects
["Denarius Metals Corp. (TSXV: DSLV) (OTCQX: DNRSF) (“Denarius Metals” or the “Company”) today announced the results of a Preliminary Economic Assessment (“PEA”) for its 100%-owned Zancudo Project (the “Project”), which includes the historic producing underground Independencia Mine, located in the Municipality of Titiribi, Department of Antioquia, Republic of Colombia, approximately 30km southwest of Medellin. The PEA was prepared in accordance with the Canadian Institute of Mining Metallurgy and Petroleum (“CIM”) Definition Standards incorporated by reference in National Instrument 43-101 (“NI 43-101”) with an effective date of October 24, 2023. The PEA affirms the robust economic viability of our planned underground mining operation at our Zancudo Project, generating near-term production and cash flow from a long-life asset yielding attractive returns for our shareholders. Material will be mined by a local mining contractor commencing in 2024 and processed by the Company through conventional crushing and milling facilities, initially at a rate of 500 tonnes per day (“tpd”) and increasing to 1,000 tpd in 2025, to generate a high-grade gold-silver concentrate. The PEA, based on the Mineral Resource estimate (“MRE”) announced by the Company on September 5, 2023, envisions a 10-year mine life over which the Company expects to generate net revenue of approximately US$1.0 billion from the sale of approximately 576,000 payable ounces of gold and 8.8 million payable ounces of silver at a life-of-mine (“LOM”) average all-in sustaining cost (“AISC”) of US$1,059 per ounce of gold. The Zancudo deposit remains open for further expansion in all directions and we expect to commence a 10,000 meters drilling program by the end of this year."]
Leadership
Serafino Iacono (Executive Chairman, Joined the Board in November 2020, has over thirty years of experience in capital markets and public companies, raised more than $5 billion for natural resource projects.), Federico Restrepo-Solano (CEO and Director, Joined the Board in October 2022, appointed CEO in January 2025, has over 25 years of experience in the oil and mining sector.), Paul Sparkes (Lead Independent Director and Audit Committee Chair, Joined the Board in October 2020, has over 25 years of experience in media, finance, and capital markets.), Francisco Sole (Director and CCGNC Chair, Joined the Board in November 2021, Managing Director of Andina Media De Inversiones, S.A.S.), Patricia Herrera Paba (Director, Joined the Board in June 2024, has a background in financial and research consulting in natural gas and energy.), Omar Abdulaziz Alramah (Director, Elected to the Board in June 2026, CEO and Chairman of ProGrowth, has experience in engineering technology.), Margarita Cabello Blanco (Director, Elected to the Board in June 2026, former Attorney General of Colombia and Minister of Justice.)

Verified data last updated: 2026-07-03

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