Denarius had 191.85M shares outstanding at March 17

Executive Summary

• Denarius Metals Corp. announced the expiry and delisting of its listed warrants (DMET.WT) on March 17, 2026, following significant exercise activity throughout the year.
• The company received approximately $18.7 million in gross cash proceeds from the exercise of roughly 30.2 million warrants, with exercise prices ranging from $0.60 to $8.00 per share.
• As of the expiry date, the company reported 191,856,521 common shares issued and outstanding, resulting in an approximate market capitalization of $167 million.

Key Details

• Warrant Expiry: Listed warrants (DMET.WT) expired and were delisted from the Cboe CA exchange at the close of trading on March 17, 2026.
• Gross Proceeds: Total gross proceeds of approximately $18.7 million received from warrant exercises since the beginning of the year.
• Volume of Exercises: Approximately 30.2 million warrants were exercised.
• Exercise Price Range: Warrants were exercised at prices ranging from $0.60 to $8.00 per share.
• Share Count: Total common shares issued and outstanding as of March 17, 2026, stood at 191,856,521.
• Market Capitalization: Approximately $167 million as of March 17, 2026.
• Operational Context (Zancudo Project): The company is in the early production phase at its 100%-owned Zancudo project in Colombia, producing gold and silver while completing construction of a 1,000-tonne-per-day processing plant expected to start producing high-grade gold-silver concentrates by Q3 2026.
• Operational Context (Spain Projects): Denarius holds a 22% interest in Rio Narcea Recursos S.L. (operator of the Aguablanca nickel-copper project) and 100% interests in the Lomero (polymetallic) and Toral (zinc-lead-silver) projects.

Notable Quotes

• No direct quotes from management were included in the provided text.