DENARIUS METALS ANNOUNCES CLOSING OF STRATEGIC INVESTMENT IN COPPER GIANT RESOURCES AND CONCURRENT PRIVATE PLACEMENT WITH TRAFIGURA

Rhea-AI Summary

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.

Positive

• Strategic Copper Giant stake of approximately 15.34% via CA$28.8M investment
• CA$28.81M raised in Denarius private placement with Urion/Trafigura
• Trafigura’s ownership increases to 14.79% of Denarius basic shares
• 12.5M Denarius warrants at CA$0.60 provide potential future capital inflow
• Denarius CEO appointed to Copper Giant advisory board, strengthening strategic ties

Negative

• Issuance of 67,000,000 new Denarius shares implies significant shareholder dilution
• Potential further dilution from 19,175,000 Denarius common share purchase warrants outstanding

News Explained

Closing increased Trafigura’s Denarius stake from 1.73% before the financing to 14.79%, or 17.92% assuming full warrant exercise, leaving existing holders with a smaller percentage ownership.

Market Context

The tag-specific record included a 12.47% 24-hour gain in one comparable event and divergences in tw...

Analysis

The tag-specific record included a 12.47% 24-hour gain in one comparable event and divergences in two others. This closing adds strategic exposure and financing, while dilution and warrant exercise remain risks to monitor.

Key Figures

Copper Giant shares subscribed: 40,000,000 common shares Copper Giant subscription price: CA$0.72 per share Copper Giant investment: CA$28,800,000 +5 more

8 metrics

Copper Giant shares subscribed 40,000,000 common shares Copper Giant Financing

Copper Giant subscription price CA$0.72 per share Copper Giant Financing

Copper Giant investment CA$28,800,000 Strategic equity investment

Copper Giant ownership 15.34% equity interest Following financing closing

Denarius shares issued 67,000,000 common shares Denarius Financing with Urion

Warrants issued 12,500,000 common share purchase warrants Denarius Financing

Denarius Financing proceeds CA$28,810,000 Aggregate gross proceeds

Warrant exercise price CA$0.60 per share Exercisable until August 21, 2029

Previous Private placement Reports

3 past events · Latest: Aug 06 (Positive)

Same Type Pattern 3 events

Date	Event	Sentiment	24h Move	Catalyst
Aug 06	Strategic investment announcement	Positive	-3.0%	Copper Giant investment and Trafigura-funded private placement were announced
Mar 11	Private placement update	Negative	+8.5%	Brokered offering terminated; company proceeded with smaller non-brokered financing
Sep 05	Private placement completion	Positive	+12.5%	Private placement completed alongside long-term concentrate sales agreement

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

The tag-specific record showed mixed reactions, with two divergences and one alignment following private-placement news.

Key Terms

private placement, common share purchase warrants, partially diluted basis, early warning report

4 terms

private placement financial

"through Copper Giant's non-brokered private placement financing"

A private placement is a sale of securities directly to a selected group of investors, typically institutions or accredited investors, instead of through a public offering. It lets a company raise money faster and with fewer regulatory steps; for existing shareholders it matters because the newly issued shares, often sold at a discount, increase the share count and can dilute their ownership.

common share purchase warrants financial

"12,500,000 common share purchase warrants"

A common share purchase warrant is a tradable right that lets its holder buy a company’s ordinary shares at a fixed price for a set period, like a coupon that can be redeemed later to buy stock at a predetermined rate. Investors care because warrants offer leverage on future upside—they can magnify gains if the share price rises above the set price—but they can also dilute existing shareholders if used, and they expire worthless if unused.

partially diluted basis financial

"representing approximately 3.21% of the shares on a partially diluted basis"

Partially diluted basis is a way to count a company’s shares that starts with the current shares outstanding and adds in likely additional shares from things like vested stock options, in‑the‑money warrants, and convertible securities that are expected to convert. For investors it shows a more realistic picture of ownership and per‑share metrics—like earnings per share or market value—by assuming some but not all potential dilution will occur, similar to sizing a pie after accounting for a few extra slices that are likely to be taken.

early warning report regulatory

"Trafigura will be filing an early warning report respecting the acquisition"

An early warning report is a regulatory filing that publicly discloses when an investor or insider has taken a large or potentially influential position in a company's shares or plans significant actions with those shares. It matters to investors because it flags possible shifts in control, takeover attempts, or concentrated influence—like a neighborhood notice that someone is buying several houses on the block—helping readers reassess risk, valuation, and trading strategy.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

TORONTO, Aug. 21, 2026 /PRNewswire/ -- Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) ("Denarius Metals" or the "Company") announced today that it has closed its previously announced strategic equity investment in Copper Giant Resources Corp. ("Copper Giant") (TSXV: CGNT, OTCQB: LBCMF, FRA: 29H0) through Copper Giant's non-brokered private placement financing (the "Copper Giant Financing"). Pursuant to the Copper Giant Financing, Denarius Metals subscribed for 40,000,000 common shares of Copper Giant at a price of CA$0.72 per share for a total investment of CA$28,800,000. Following closing of the Copper Giant Financing, Denarius Metals holds an approximately 15.34% equity interest in Copper Giant. Federico Restrepo-Solano, Chief Executive Officer of Denarius Metals, has been appointed to Copper Giant's advisory board.

The Company also announced today that it has closed its concurrent non-brokered private placement (the "Denarius Financing") with Urion Investments Holdings Limited ("Urion"), acting on behalf of the Trafigura Group ("Trafigura"). Pursuant to the Denarius Financing, Urion acquired units of the Company at a price of CA$0.43 per unit comprising 67,000,000 common shares of the Company and 12,500,000 common share purchase warrants (the "Warrants") for aggregate gross proceeds of CA$28,810,000. The proceeds were used to fund the Copper Giant Financing. Each Warrant is exercisable to acquire one common share of the Company at an exercise price of CA$0.60 per share until August 21, 2029. The common shares and Warrants comprising the units are subject to a statutory four-month hold period.  

Early Warning Reports

In connection with the Denarius Financing, Urion, acting on behalf of Trafigura, has acquired 67,000,000 common shares and 12,500,000 Warrants of the Company. Immediately prior to the closing of the Denarius Financing, Trafigura beneficially owned and controlled 7,576,282 common shares, representing approximately 1.73% of the Company's then issued and outstanding common shares, together with 6,675,000 common share purchase warrants. Assuming the exercise of those warrants, Trafigura would have beneficially owned and controlled 14,251,282 common shares, representing approximately 3.21% of the shares on a partially diluted basis. As a result of closing the Denarius Financing, Trafigura beneficially owns and controls 74,576,282 common shares, representing approximately 14.79% of the Company's issued and outstanding common shares, together with 19,175,000 common share purchase warrants. Assuming full exercise of those warrants, Trafigura would beneficially own and control 93,751,282 common shares, representing approximately 17.92% of the shares on a partially diluted basis.

Trafigura is leading global commodities company that manages complex supply chains to move energy and commodities around the world. Urion is a subsidiary of Trafigura existing under the laws of Malta. Its registered office is located at Oyia Business Center, Floor 3, Suite 301, Cross Roads, Marsa, MRS, 1547, Malta

Denarius Metals has been informed that Trafigura continue to hold the securities for investment purposes only, and depending on market and other conditions, may from time to time in the future increase or decrease their respective ownership, control or direction over securities of the Company, through market transactions, private agreements, or otherwise. In satisfaction of the requirements of National Instrument 62-104 - Take-Over Bids and Issuer Bids ("NI 62-104") and National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, Trafigura will be filing an early warning report respecting the acquisition of securities, containing additional information omitted from this news release, under Denarius Metals' SEDAR+ profile at www.sedarplus.ca. A copy of the report filed by Trafigura may be obtained from Amanda Fullerton, General Counsel and Secretary, telephone number (416) 360-4653, or via e-mail at investors@denariusmetals.com.

About Denarius Metals

Denarius Metals is a Canadian junior company engaged in the acquisition, exploration, development and eventual operation of precious metals and polymetallic mining projects in high-grade districts in Colombia and Spain. Denarius Metals is listed on Cboe Canada where it trades under the symbol "DMET". The Company also trades on the OTCQX Market in the United States under the symbol "DNRSF".

In Colombia, Denarius Metals is producing gold and silver in an "early production" phase at its 100%-owned Zancudo Project while it completes construction of a 1,000 tonnes per day processing plant that is expected to start producing high-grade gold-silver concentrates in the fourth quarter of 2026. The Zancudo Project is a high-grade gold-silver deposit, which includes the historic producing Independencia mine, and is located in the Cauca Belt, about 30 km southwest of Medellin.

In Spain, Denarius Metals has interests in three projects focused on in-demand critical minerals. The Company owns a 21.8% interest in Rio Narcea Recursos, S.L. and is the operator of its Aguablanca Project, which has been recognized by the EU as a Strategic Project. The Aguablanca Project comprises a turnkey 5,000 tonnes per day processing plant and the rights to exploit the historic producing Aguablanca nickel-copper mine, located in Monesterio, Extremadura. Denarius Metals also owns a 100% interest in the Lomero Project, a polymetallic deposit located on the Spanish side of the prolific copper rich Iberian Pyrite Belt, approximately 88 km southwest of the Aguablanca Project, and a 100% interest in the Toral Project, a high-grade zinc-lead-silver deposit located in the Leon Province, Northern Spain.

Denarius Metals entered into a strategic collaboration in early 2026 as JV partners with ProGrowth Ltd. Company, a Saudi-based diversified group of companies, focused on the processing, smelting and commercialization of material sourced from the Company's projects and to identify, acquire, develop and operate gold and nickel mining concessions within the KSA.

Additional information on Denarius Metals can be found on its website at www.denariusmetals.com and by reviewing its profile on SEDAR+ at www.sedarplus.ca.

About Copper Giant

Copper Giant Resources Corp. is part of the Fiore Group, a private and well-established Canadian organization known for building successful, high-impact companies across the natural resource sector. Copper Giant was formed with a singular focus: to advance high-quality copper projects beyond resource definition, responsibly, efficiently, and with long-term positive impact.

The Company is led by a team with uncommon experience, having successfully taken some of the few major copper mines developed in the past two decades from discovery through to construction. Copper Giant's current focus is the Mocoa copper-molybdenum deposit in southern Colombia, one of the largest undeveloped resources of its kind in the Americas. Recent exploration success has revealed potential well beyond its original footprint, highlighting Mocoa as a broader district-scale opportunity, and the catalyst for the Company's name and evolution.

Guided by the values of respect and responsibility, and grounded in its Good Neighbor philosophy, Copper Giant is committed to creating enduring value for all stakeholders and playing a meaningful role in the global energy transition.

Cautionary Statement on Forward-Looking Information

This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to anticipated business plans or strategies, including the Company's post-closing ownership position in Copper Giant; the receipt of required approvals of the TSX Venture Exchange and the Cboe Canada Exchange and the appointment of Federico Restrepo-Solano as an advisory board member of Copper Giant. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Denarius Metals to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors" in the Company's Annual Information Form dated March 31, 2026 which is available for view on SEDAR+ at www.sedarplus.ca. Forward-looking statements contained herein are made as of the date of this press release and Denarius Metals disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

View original content to download multimedia:https://www.prnewswire.com/news-releases/denarius-metals-announces-closing-of-strategic-investment-in-copper-giant-resources-and-concurrent-private-placement-with-trafigura-302857539.html

SOURCE Denarius Metals Corp.

FAQ

What did Denarius Metals (OTCQX: DNRSF) announce about its investment in Copper Giant Resources (TSXV: CGNT, OTCQB: LBCMF)?

Denarius Metals completed a strategic equity investment in Copper Giant Resources, subscribing for 40,000,000 shares at CA$0.72 each. According to Denarius Metals, this CA$28.8 million investment gives it an approximately 15.34% equity interest in Copper Giant following the non-brokered private placement.

How much did Denarius Metals (DNRSF) raise in its private placement with Trafigura’s subsidiary Urion on August 21, 2026?

Denarius Metals raised CA$28,810,000 in a non-brokered private placement with Urion, acting for Trafigura. According to Denarius Metals, Urion acquired 67,000,000 shares and 12,500,000 warrants at CA$0.43 per unit, funding the Copper Giant investment.

What is Trafigura’s ownership stake in Denarius Metals (DNRSF) after the August 2026 financing?

After the financing, Trafigura beneficially owns 74,576,282 Denarius shares, or about 14.79% of issued and outstanding shares. According to Denarius Metals, including 19,175,000 warrants, Trafigura would hold 17.92% on a partially diluted basis if fully exercised.

What are the key terms of the Denarius Metals (DNRSF) warrants issued to Urion/Trafigura?

Denarius Metals issued 12,500,000 warrants to Urion, each exercisable at CA$0.60 per share until August 21, 2029. According to Denarius Metals, the shares and warrants from the units are subject to a statutory four-month hold period following issuance.

How was the Denarius Metals (DNRSF) investment in Copper Giant (LBCMF) funded?

The CA$28.8 million Copper Giant investment was funded from Denarius Metals’ concurrent private placement with Urion. According to Denarius Metals, the CA$28,810,000 gross proceeds from issuing shares and warrants to Urion were used to finance the Copper Giant Financing.

Did the August 2026 financings change Denarius Metals’ relationship with Copper Giant Resources?

Yes. Denarius Metals now holds about 15.34% of Copper Giant’s equity following the CA$28.8 million subscription. According to Denarius Metals, its CEO Federico Restrepo-Solano has also been appointed to Copper Giant’s advisory board, deepening the strategic relationship.

Why is Trafigura filing an early warning report related to Denarius Metals (DNRSF)?

Trafigura’s ownership in Denarius Metals increased to early warning thresholds after acquiring new shares and warrants. According to Denarius Metals, Trafigura will file an early warning report under NI 62-104 and NI 62-103 on Denarius Metals’ SEDAR+ profile with additional information.