Denarius Metals arranges $6-million private placement

Executive Summary

• Denarius Metals Corp. has launched a non-brokered private placement of up to 12 million units at $0.50 per unit, targeting gross proceeds of up to $6 million.
• The offering consists of common shares and warrants, with net proceeds designated for exploration and development at the Zancudo project in Colombia, as well as working capital.
• The closing is anticipated on or before November 26, 2025, subject to regulatory approvals including Cboe Canada.

Key Details

• Offering Structure: Non-brokered private placement of up to 12 million units.
• Price: $0.50 per unit.
• Gross Proceeds: Up to $6,000,000.
• Unit Composition: Each unit comprises one common share and one-half of one common share purchase warrant.
• Warrant Terms:
  • Each warrant entitles the holder to purchase one common share.
  • Exercise Price: $0.70 per common share.
  • Expiration: 36 months after the closing date.
  • Exercisability: Begins 60 days following the closing date.
• Use of Proceeds: Financing exploration and development at the Zancudo project in Colombia; working capital; and general corporate purposes.
• Closing Date: Anticipated on or prior to November 26, 2025.
• Regulatory Basis: Offered pursuant to National Instrument 45-106 exemptions, specifically the listed issuer financing exemption (Part 5A) and other available exemptions.
• Jurisdiction: Available to purchasers resident in Canada (except Quebec), with potential offerings in the U.S. and other jurisdictions under applicable exemptions.
• Listing: Denarius Metals trades on Cboe Canada (DMET) and OTCQX (DNRSF).

Notable Quotes

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