Denarius Metals increases financing to $10-million

Executive Summary

• Denarius Metals Corp. has upsized its previously announced non-brokered private placement under the Listed Issuer Financing Exemption (LIFE) to up to 20 million units for gross proceeds of up to $10 million.
• Concurrently, the company launched a separate non-brokered private placement of up to 5.5 million units at $0.50 per unit for gross proceeds of up to $2.75 million.
• The combined offerings total up to 25.5 million units for gross proceeds of up to $12.75 million, with net proceeds intended for exploration and development at the Zancudo project in Colombia, as well as working capital and general corporate purposes.

Key Details

• LIFE Offering Structure:
  • Maximum size: Up to 20 million units.
  • Gross proceeds: Up to $10 million.
  • Eligible purchasers: Residents in Canada (except Quebec) under the Listed Issuer Financing Exemption (NI 45-106, Part 5A).
• Concurrent Private Placement Structure:
  • Maximum size: Up to 5.5 million units.
  • Price: $0.50 per unit.
  • Gross proceeds: Up to $2.75 million.
  • Eligible purchasers: Residents in Canada (except Quebec) under available exemptions under NI 45-106.
• Total Offering:
  • Total units: Up to 25.5 million units.
  • Total gross proceeds: Up to $12.75 million.
• Unit Composition:
  • Each unit consists of one common share and one-half of one common share purchase warrant.
• Warrant Terms:
  • Exercise price: $0.70 per common share.
  • Exercise period: Beginning 60 days following the closing date and expiring 36 months after the closing date.
• Closing Timeline:
  • Anticipated closing on or prior to November 19, 2025.
• Use of Proceeds:
  • Finance exploration and development at the Zancudo project in Colombia.
  • Working capital and general corporate purposes.
• Regulatory Status:
  • Completion is subject to regulatory approvals, including Cboe Canada.
  • An amended and restated offering document for the LIFE offering is dated November 13, 2025.
  • No U.S. offering or registration is being made; sales may occur in certain jurisdictions outside Canada and the U.S. under specific exemptions.