Financings

Denarius Metals Announces Upsize of LIFE Offering and Launches Concurrent Private Placement

By The Northwire Desk — AI Analysis Nov 13, 2025 · 18:15 DMET · 0.52 DENARIUS METALS CORP.

DMET · Price

Denarius Metals increased its previously announced non‑brokered private placement (“LIFE Offering”) to up to 20 M Units for gross proceeds of up to CA$10 M and simultaneously launched a concurrent non‑brokered private placement of up to 5.5 M Units at CA$0.50 per Unit for up to CA$2.75 M, allowing issuance of a total of 25.5 M Units for up to CA$12.75 M.
Each Unit consists of one common share and half of a common‑share purchase warrant (full warrant = two Units); warrants are exercisable at CA$0.70 per share starting 60 days after closing and expire 36 months thereafter.
Net proceeds will be used to fund exploration and development at the Zancudo Project in Colombia, as well as for working capital and general corporate purposes.

LIFE Offering: Up to 20 M Units; price not disclosed (units previously priced); gross proceeds up to CA$10 M.
Concurrent Offering: Up to 5.5 M Units at CA$0.50 per Unit; gross proceeds up to CA$2.75 M.
Total Potential Issuance: 25.5 M Units for up to CA$12.75 M in aggregate gross proceeds.
Unit Composition: 1 common share + ½ of a common‑share purchase warrant (each full warrant = two Units).
Warrant Terms: Exercise price CA$0.70 per share; exercisable any time up to 36 months after closing; issuance of exercise right begins 60 days post‑closing.
Closing Timeline: Anticipated on or before November 19, 2025.
Regulatory Basis: Offered under the Listed Issuer Financing Exemption (NI 45‑106 Part 5A) for Canadian investors (excluding Québec); also offered under other NI 45‑106 exemptions where applicable.
Use of Proceeds: Primarily to fund exploration and development at the Zancudo Project in Colombia; remainder for working capital and general corporate purposes.
U.S. Offering Disclaimer: No securities will be offered or sold in the United States absent registration or an applicable exemption.

(No executive quotes were included in the release.)

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