Dundee Precious Metals completes Adriatic acquisition

Executive Summary

• Dundee Precious Metals Inc. completed its acquisition of Adriatic Metals PLC, obtaining 100 % of the Vares silver‑lead‑zinc‑gold underground mine in Bosnia and Herzegovina.
• The company will change its corporate name to DPM Metals Inc. effective September 12, 2025 and continue TSX trading under ticker DPM from September 15, 2025.
• Dundee Precious Metals received approval for an ASX foreign‑exempt listing; CDIs are expected to begin quoting on the Australian Securities Exchange under code DPM on September 17, 2025.

Key Details

• Acquisition executed via a court‑sanctioned scheme of arrangement (Part 26 UK Companies Act) approved by the High Court on August 29, 2025 and became effective September 3, 2025.
• Post‑acquisition, Dundee Precious Metals now owns 100 % of Adriatic Metals’ issued share capital and the Vares operation.
• Cash and share consideration settlement details are disclosed in Adriatic Metals’ announcement dated September 3, 2025.
• Corporate name change to DPM Metals Inc. scheduled for September 12, 2025.
• TSX ticker remains DPM; new CUSIP 26139R109 (ISIN: CA26139R1091) assigned after the name change.
• ASX foreign‑exempt listing approved, subject to customary conditions including issuance of CDIs. Official quotation on ASX expected September 17, 2025 under code DPM.
• As an ASX foreign‑exempt listing, Dundee Precious Metals will remain primarily governed by TSX rules while providing additional liquidity and access to Australian capital markets for shareholders, including former Adriatic CDI holders.

Notable Quotes

“Today is an exciting milestone for DPM. With the addition of the Vares operation, DPM is a premier mining business with a peer‑leading growth profile and a high‑quality development and exploration pipeline,” – David Rae, President & CEO, Dundee Precious Metals.