DENARIUS METALS ANNOUNCES UPDATE ON ITS CAPITAL STRUCTURE

Executive Summary

• Denarius Metals disclosed that its listed warrants expired on March 17, 2026 and were delisted, having generated approximately CA$18.7 million in cash from the exercise of ~30.2 million warrants since the start of 2026.
• The company now has 191,856,521 common shares outstanding, a fully‑diluted “in‑the‑money” share count of 335,951,803, and an estimated market capitalization of CA$167 million (based on a CA$0.87 closing price).
• Detailed tables of remaining securities—including stock options, unlisted warrants, convertible notes, and debentures—were provided, outlining exercise prices, expiry dates, and aggregate share equivalents.

Key Details

• Warrant Exercise Proceeds: ~CA$18.7 million cash from exercising ~30.2 million warrants (exercise price range CA$0.60–CA$8.00).
• Common Shares Outstanding (as of 2026‑03‑17): 191,856,521 shares.
• Market Capitalization: Approximately CA$167 million (based on CA$0.87 closing price).
• Remaining Securities – Summary:

• Warrant Breakdown (selected):
• 10,937,500 warrants @ CA$0.60 – expiry Apr 4 2026
• 4,135,514 warrants @ CA$0.85 – expiry Oct 31 2026
• 6,443,014 warrants @ CA$0.60 – expiry May 30 2027
• 3,000,000 warrants @ CA$0.74 – expiry Feb 7 2028
• 13,138,000 warrants @ CA$0.60 – expiry Mar 20 2028
• 2,083,500 warrants @ CA$0.60 – expiry Apr 30 2028
• 11,950,000 warrants @ CA$0.70 – expiry Nov 19 2028
• 447,780 warrants @ CA$0.50 – expiry Nov 19 2028

• 10,802,930 warrants @ CA$0.66 – expiry Jun 20 2030

• Use of Proceeds: Not explicitly stated in the release; proceeds have been received from warrant exercises to date.

Notable Quotes

(No executive quotes were included in this release.)