Denarius Metals Corp. reports developments tied to its precious metals and polymetallic mining portfolio in Colombia and Spain. The company is a Canadian junior mining issuer with the producing Zancudo gold-silver mine in Colombia and the Aguablanca nickel-copper project in Spain, and its securities trade on Cboe Canada under DMET and on the OTCQX Market under DNRSF.
Recurring news includes operating and financial results, annual disclosure filings, material agreements, shareholder voting and governance matters, and capital-structure updates. Company announcements also cover convertible unsecured debenture interest payments, gold premium payments, warrant exercises, and portfolio-scale initiatives across gold, silver and critical-minerals projects.
Denarius Metals (DNRSF) obtained a preferential option for up to 28 new contiguous mining grids (“Toral West Claims”) covering about 800 hectares at its 100%-owned Toral Project in northern Spain, extending its property holdings by roughly 7 km and bringing the total Toral-area land package to about 3,700 hectares.
The Toral West Claims include the former Antonina and Nieves Zn-Pb mines, where historical industrial-scale underground mining and about 35 drill holes indicate mineralization along ~700 m of strike to ~300 m depth. Denarius Metals also released a maiden NI 43-101-compliant 2026 Mineral Resource estimate for Toral of 14.8 Mt Inferred grading 4.00% Zn, 2.77% Pb and 20.4 g/t Ag (6.08% ZnEq), containing 590 kt Zn, 409 kt Pb and 9.7 Moz Ag, reported above an NSR cut-off of US$61/t. All resources are classified as Inferred and are not Mineral Reserves.
Denarius Metals (OTCQX: DNRSF) reported new drill results from its 2026 surface in-fill program at the Las Brisas Target on the Zancudo Project in Colombia. The highlight is hole ZM-210, which intersected a continuous 32.95 m interval from 203.0 m to 235.95 m grading 5.68 g/t Au, including 3.10 m at 20.18 g/t Au (Santa Catalina Splay) and 2.50 m at 26.35 g/t Au (Santa Catalina).
Additional intercepts include 1.02 m at 7.40 g/t Au and 437.8 g/t Ag (ZM-200), 2.30 m at 7.85 g/t Au and 167 g/t Ag (ZM-201), 1.35 m at 15.23 g/t Au (ZM-206) and 1.00 m at 41.82 g/t Au near surface (ZM-205). A dextral reverse fault and the subparallel Manto Antiguo Lower structure have been interpreted, supporting continuity and potential resource additions. To mid-August, 2,270 m in 12 holes have been drilled at Las Brisas, about 40% of this year’s in-fill program, within a broader 15,100 m 2026 drill plan across Zancudo.
Denarius Metals (OTCQX: DNRSF) closed its previously announced strategic equity investment in Copper Giant Resources (TSXV: CGNT, OTCQB: LBCMF) via Copper Giant’s non-brokered private placement. Denarius Metals subscribed for 40,000,000 Copper Giant shares at CA$0.72 per share, for a total of CA$28,800,000, resulting in an approximately 15.34% equity interest. Denarius CEO Federico Restrepo-Solano has joined Copper Giant’s advisory board.
The company also closed a concurrent non-brokered private placement with Urion Investments Holdings, on behalf of Trafigura, issuing units at CA$0.43 each for aggregate gross proceeds of CA$28,810,000. Urion acquired 67,000,000 Denarius shares and 12,500,000 warrants exercisable at CA$0.60 until August 21, 2029, with a four-month hold on shares and warrants. Following closing, Trafigura beneficially owns 74,576,282 Denarius shares (about 14.79%) and 19,175,000 warrants, or 17.92% on a partially diluted basis.
Denarius Metals (OTCQX: DNRSF) reported second-quarter 2026 revenue of $4.9 million, bringing first-half 2026 revenue to $8.4 million, mainly from early production at the Zancudo Project in Colombia. Q2 2026 payable gold sales were 923 oz at an average realized gold price NG of $4,536/oz and total cash costs NG of $2,513/oz, generating gross profit of $1.9 million.
The company recorded Q2 2026 net income of $8.3 million ($0.04/share), versus a $5.0 million loss a year earlier, aided by a $15.5 million non-cash gain on financial instruments. First-half 2026 still showed a net loss of $10.1 million ($0.05/share).
As of June 30, 2026, cash was $18.9 million and total assets were $135.9 million, supported by $18.0 million from warrant exercises and $3.5 million drawn under the Zancudo Prepayment Facility with Trafigura. The facility was increased from $9 million to $16 million for exploration and mine development.
The company fully redeemed CA$34.2 million principal of Convertible Debentures on July 31, 2026 using common shares, improving adjusted working capital at June 30, 2026 to $12.8 million and eliminating an estimated CA$157 million of future gold premium and interest payments over four years. Denarius Metals also advanced a 15,100 m drilling campaign at Zancudo, progressed restart preparations at Spain’s Aguablanca Project via RNR financing initiatives, and agreed to acquire a 15.6% stake in Copper Giant Resources through a CA$28.8 million subscription funded by a share and warrant placement with Trafigura.
Denarius Metals (OTCQX: DNRSF) agreed a binding term sheet to lead a non-brokered private placement in Copper Giant Resources (OTCQB: LBCMF), subscribing for 40,000,000 shares at CA$0.72 for CA$28.8 million. On closing, Denarius Metals is expected to hold a 15.6% equity stake in Copper Giant and appoint its CEO, Federico Restrepo-Solano, to Copper Giant's advisory board. Denarius Metals, Frank Giustra and Ian Harris will enter two-year lock-ups.
To fund this, Denarius Metals plans a concurrent non-brokered private placement with Trafigura, raising about CA$28.8 million via 67,000,000 shares at CA$0.43 and 12,500,000 warrants at CA$0.60. On closing, Trafigura would own roughly 14.9% of Denarius Metals. Copper Giant separately granted Trafigura 10-year offtake rights to purchase 20% of copper and 20% of molybdenum concentrates from the Mocoa Project, an inferred resource of 1.1 billion tonnes at 0.51% CuEq containing 7.6 billion pounds of copper and 1.0 billion pounds of molybdenum. Both financings target closing on or about August 21, 2026, subject to definitive agreements and exchange and corporate approvals.
Denarius Metals (OTCQX: DNRSF) closed its previously announced transaction to retire all outstanding Series 1 debentures due October 19, 2029 and Series 2 debentures due May 30, 2030 via early redemption settled in equity. The company issued a total of 223,648,136 common shares to debentureholders, including 67,944,862 shares for debenture conversions, 146,456,832 shares for make-whole payments, 1,249,046 shares for consent fees, 416,356 shares for July 31, 2026 interest, and 7,581,040 shares for July 31, 2026 gold premium payments.
Denarius Metals now has 437,082,353 common shares outstanding and, including 54,915,698 warrants and 13,727,500 stock options, 505,725,551 shares on a fully diluted basis. Executive chairman Serafino Iacono now beneficially owns 80,742,573 shares (18.47% basic), and Aris Mining holds 59,607,235 shares (13.64% basic). Both will file early warning reports under Canadian securities rules.
Denarius Metals (OTCQX: DNRSF) reported second quarter and first half 2026 early production results from its Zancudo Project in Colombia. Q2 2026 shipments reached 3,907 tonnes, a 67% increase over Q1. Head grades averaged 11.3 g/t gold and 217.1 g/t silver, generating US$5.1 million in Q2 revenue.
According to Denarius Metals, first half 2026 revenue totaled US$8.6 million, compared with US$1.7 million for full-year 2025. Early production, based on artisanal mining and sales of run-of-mine material to Trafigura under a long-term offtake, is expected to continue through Q3 2026 while mine development and a new 1,000 tpd processing plant advance toward producing gold-silver concentrates by Q4 2026.
Denarius Metals (Cboe CA: DMET, OTCQX: DNRSF) reports that shareholders approved a Transaction Resolution at a July 17, 2026 special meeting. The approval covers issuing more than 25% new common shares and potential share issuances tied to amendments of its Series 1 (2029) and Series 2 (2030) convertible unsecured debentures.
According to Denarius Metals, 54.78% of outstanding shares were represented by proxy and about 97.47% of eligible votes supported the resolution under minority approval rules. The board then resolved to exercise an early redemption option and settle certain interest and gold premium payments in shares, expecting to issue approximately 225,488,319 common shares on July 31, 2026, subject to Cboe Canada approval.
Denarius Metals (OTCQX: DNRSF) reported that debentureholders approved amendments to the indentures governing its Series 1 convertible debentures due October 19, 2029 and Series 2 convertible debentures due May 30, 2030. According to Denarius Metals, 91.27% of outstanding Series 1 principal ($18.15 million) and 83.35% of Series 2 principal ($11.88 million) were represented by proxy.
Series 1 holders voted 88.575% in favor ($16.08 million) and 11.425% against ($2.07 million). Series 2 holders voted 100% in favor ($11.88 million). The amendments grant Denarius the right to redeem all outstanding Series 1 and Series 2 debentures into common shares on July 31, 2026 and provide for certain other payments and changes. The amendments remain subject to shareholder approval and Cboe Canada approval. A special shareholder meeting is scheduled for July 17, 2026, and, if approvals are obtained, Denarius expects to exercise the early redemption option and settle certain interest and gold premium payments in common shares on July 31, 2026.
Denarius Metals (OTCQX: DNRSF) reported initial results from its 2026 in-fill drilling at the Las Brisas target within the Zancudo project in Colombia.
Four surface holes (~660 m) confirmed high-grade gold-silver mineralization in the Manto Antiguo and Santa Catalina structures, supporting ongoing resource modelling and mine-planning ahead of a 1,000 tpd plant start-up expected in Q3 2026.