Denarius Metals Announces Details for the August 31, 2025 Interest Payments on Its Convertible Unsecured Debentures

Rhea-AI Summary

Denarius Metals (OTCQX:DNRSF) has announced details for the upcoming monthly interest payments on its convertible unsecured debentures due in 2029 and 2030. The interest payments, due August 31, 2025, will be settled through the issuance of common shares on September 2, 2025.

The company will issue a total of 727,117 common shares to settle CA$341,745 in interest payments. This includes 423,118 shares for the 2023 Debentures (CA$19.89M principal) and 303,999 shares for the 2024 Debentures (CA$14.29M principal). The share calculation is based on the August 15, 2025 closing price of CA$0.47 per share.

Key executives, including Executive Chairman Serafino Iacono and CEO Federico Restrepo-Solano, will receive a combined 186,122 common shares for their debenture holdings.

Toronto, Ontario--(Newsfile Corp. - August 28, 2025) - Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) ("Denarius Metals" or the "Company") announced today the details for the forthcoming monthly interest payments on August 31, 2025 on its convertible unsecured debentures due October 19, 2029 (the "2023 Debentures") and May 30, 2030 (the "2024 Debentures").

The table below summarizes the details for the shares to be issued to holders of the 2023 Debentures and 2024 Debentures on September 2, 2025 in settlement of the monthly interest due August 31, 2025:

	Principal Amount of Debentures (1) (CA$)	Interest (CA$)	Number of Shares to  be Issued (2)	Number of Shares per CA$1.00 of Principal
2023 Debentures
Total before the following	19,521,000	195,210	415,341	0.021277
Consent Fee Debentures (3)	365,560	3,656	7,777	0.021277
Total issued & outstanding	19,886,560	198,866	423,118
2024 Debentures
Total before the following	14,015,460	140,155	298,202	0.021277
Consent Fee Debentures (3)	272,454	2,724	5,797	0.021277
Total issued & outstanding	14,287,914	142,879	303,999
Total	34,174,474	341,745	727,117

 

(1) Issued and outstanding as of August 28, 2025.
(2) Based on the closing price of the common shares on Cboe CA of CA$0.47 per share on August 15, 2025, the Monthly Measurement Date pursuant to the Third Supplemental Indentures for the 2023 Debentures and the 2024 Debentures.
(3) The Consent Fee Debentures were issued on June 18, 2025 pursuant to the consent solicitation process and are currently subject to a statutory four month hold period. As such, the common shares to be issued in settlement of the interest thereon will be subject to the same hold period.

The issuance of the common shares in settlement of the interest payable on the debentures due August 31, 2025 is subject to the acceptance of Cboe Canada.

Mr. Serafino Iacono (Executive Chairman), Mr. Federico Restrepo-Solano (Director and CEO), Mr. Michael Davies (Chief Financial Officer) and Ms. Amanda Fullerton (General Counsel and Secretary) will receive an aggregate of 186,122 common shares in settlement of the interest payable on their respective holdings of 2023 Debentures and 2024 Debentures.

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 commenced mining operations in the second quarter of 2025 at its 100%-owned Zancudo Project, a high-grade gold-silver deposit, which includes the historic producing Independencia mine, 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% 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.

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.

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 Cboe Canada final acceptance of the share issuance. 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, 2025 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.

For Further Information, Contact:

Michael Davies
Chief Financial Officer
(416) 360-4653
investors@denariusmetals.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/264387

FAQ

What is the total value of interest payments being made by Denarius Metals (DNRSF) on August 31, 2025?

Denarius Metals will pay total interest of CA$341,745, settled through the issuance of 727,117 common shares.

How many shares will Denarius Metals (DNRSF) issue for the August 2025 interest payment?

Denarius Metals will issue a total of 727,117 common shares, with 423,118 shares for 2023 Debentures and 303,999 shares for 2024 Debentures.

What is the price per share used to calculate the interest payment for DNRSF debentures?

The interest payment calculation is based on the closing price of CA$0.47 per share on August 15, 2025, the Monthly Measurement Date.

How many shares will Denarius Metals executives receive for the August 2025 interest payment?

Key executives including the Executive Chairman, CEO, CFO, and General Counsel will receive a combined total of 186,122 common shares for their debenture holdings.

What is the total principal amount of Denarius Metals' outstanding debentures as of August 2025?

The total principal amount of outstanding debentures is CA$34,174,474, consisting of CA$19,886,560 in 2023 Debentures and CA$14,287,914 in 2024 Debentures.