Denarius Metals Announces Details for the November 30, 2025 Interest Payments on Its Convertible Unsecured Debentures

Denarius Metals (OTCQX: DNRSF) announced details for the November 30, 2025 interest payments on its convertible unsecured debentures due Oct 19, 2029 (2023 Debentures) and May 30, 2030 (2024 Debentures).

Rhea-AI Summary

Denarius Metals (OTCQX: DNRSF) announced details for the November 30, 2025 interest payments on its convertible unsecured debentures due Oct 19, 2029 (2023 Debentures) and May 30, 2030 (2024 Debentures).

The company will issue common shares on December 1, 2025 to settle interest totaling CA$341,589, equivalent to 656,900 shares based on the CA$0.52 monthly measurement price on Nov 14, 2025. Principal outstanding was CA$34,158,874 combined (CA$19,886,560 for 2023 Debentures; CA$14,272,314 for 2024 Debentures). Issuance is subject to acceptance by Cboe Canada. Four executives will receive an aggregate of 168,226 shares in settlement of their interest holdings.

Positive

• Interest settled via share issuance totaling CA$341,589
• No immediate cash outflow required for the November 30, 2025 interest payment

Negative

• Issuance of 656,900 shares on Dec 1, 2025 will increase total diluted share count
• Executives to receive 168,226 shares, representing concentrated issuance to insiders

Argus Nov 28 session

+5.71% close to close Open Argus

Details

News Market Reaction – DNRSF

On Nov 28, the first trading day after this news, DNRSF closed 5.71% above the previous close.

Data tracked by StockTitan Argus for the Nov 28 session.

Key Figures

2023 Debentures principal: CA$19,886,560 2024 Debentures principal: CA$14,272,314 Total principal: CA$34,158,874 +5 more

2023 Debentures principal

CA$19,886,560

Principal amount outstanding as of November 27, 2025

2024 Debentures principal

CA$14,272,314

Principal amount outstanding as of November 27, 2025

Total principal

CA$34,158,874

Combined 2023 and 2024 Debentures principal

Total interest

CA$341,589

Interest due November 30, 2025 on 2023 and 2024 Debentures

Shares issued for interest

656,900 shares

Shares to be issued on December 1, 2025 to settle interest

Measurement share price

CA$0.52 per share

Monthly Measurement Date closing price on November 14, 2025

Executive interest shares

168,226 shares

Aggregate shares to executives for interest on debentures

Shares per CA$1 principal

0.019231

Number of shares issued per CA$1.00 of debenture principal

Historical Context

5 past events · Latest: Nov 27

5 events

1. Nov 27

   Interest payment details

   24h Move

   +5.7%

   Shares issued to settle November 30, 2025 debenture interest in equity.

2. Nov 14

   Interim financial filings

   24h Move

   -2.7%

   Q3 and nine‑month 2025 filings with early Zancudo production metrics and cash data.

3. Nov 03

   Resource estimate update

   24h Move

   +1.0%

   Updated Zancudo MRE upgrading resources and outlining further drilling plans.

4. Oct 29

   Interest payment details

   24h Move

   +2.0%

   October 31, 2025 debenture interest settled via new common share issuance.

5. Oct 20

   Permit and construction

   24h Move

   +0.3%

   Final industrial facility permit for Zancudo and start of 1,000 tpd plant build.

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

Key Terms

convertible unsecured debentures, principal amount, common shares, third supplemental indentures, +1 more

5 terms

convertible unsecured debentures financial

"interest payments due on November 30, 2025 on its convertible unsecured debentures due"

A convertible unsecured debenture is a type of loan a company issues that pays interest and must be repaid unless holders choose to turn it into company shares instead. Because it is unsecured, there is no collateral backing the debt, so holders stand behind secured creditors if the company fails; the conversion feature matters to investors because it offers income plus a chance to become shareholders, but also brings credit risk and potential share dilution.

principal amount financial

"Principal Amount of Debentures (1) (CA$) | Interest (CA$) | Number of Shares"

The principal amount is the original sum of money that is borrowed, lent, or invested before any interest, fees, or returns are added. It matters to investors because interest charges, scheduled repayments, and total return are calculated from that base amount — think of it as the price tag on which future costs or gains are built. Knowing the principal helps you compare deals and predict cash flows and risk.

common shares financial

"shares to be issued on December 1, 2025 to holders of the 2023 Debentures"

Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.

third supplemental indentures financial

"Monthly Measurement Date pursuant to the Third Supplemental Indentures for the 2023"

A third supplemental indenture is the third formal amendment to a bond or debt contract that records specific changes to the original terms—for example adjustments to interest, maturity dates, payment priorities, or loan protections. It matters to investors because it alters the rights and risks tied to the debt; like signing an addendum to a lease, it can change who gets paid first, how much cash flows back, or how safe the investment appears, so investors must read it to reassess value and risk.

monthly measurement date financial

"Based on the closing price of the common shares on Cboe CA of CA$0.52 per share on November 14, 2025, the Monthly Measurement Date"

A monthly measurement date is the specific day each month when a fund, plan, or issuer takes a formal “snapshot” of values — such as portfolio value, investor balances, share counts, or performance metrics — to calculate fees, distributions, unit prices, or eligibility for benefits. It matters to investors because that snapshot determines when you are credited or charged, which reporting period your returns fall into, and whether you qualify for a payment or allocation; small timing differences can change the amount you receive, similar to how taking a photograph at different moments can capture different scenes.

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

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Toronto, Ontario--(Newsfile Corp. - November 27, 2025) - Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) ("Denarius Metals" or the "Company") announced today the details for the forthcoming monthly interest payments due on November 30, 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 on December 1, 2025 to holders of the 2023 Debentures and the 2024 Debentures in settlement of the monthly interest due November 30, 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	19,886,560	198,866	382,432	0.019231
2024 Debentures	14,272,314	142,723	274,468	0.019231
Total	34,158,874	341,589	656,900

 

(1) Issued and outstanding as of November 27, 2025.
(2) Based on the closing price of the common shares on Cboe CA of CA$0.52 per share on November 14, 2025, the Monthly Measurement Date pursuant to the Third Supplemental Indentures for the 2023 Debentures and the 2024 Debentures.

The issuance of the common shares in settlement of the interest payable on the debentures due November 30, 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 168,226 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/276190

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many shares will Denarius Metals issue on December 1, 2025 to settle interest for DNRSF?

Denarius Metals will issue 656,900 common shares to settle the interest payable on November 30, 2025.

What is the cash value of the November 30, 2025 interest payment for DNRSF debentures?

The total interest payable equals CA$341,589, settled by issuing shares at the monthly measurement price.

What monthly measurement price was used to calculate the DNRSF share issuance for November 2025?

The calculation used the closing price of CA$0.52 per share on the Monthly Measurement Date of November 14, 2025.

Which DNRSF debentures are affected by the December 1, 2025 share issuance?

The issuance covers interest on the 2023 Debentures due Oct 19, 2029 and the 2024 Debentures due May 30, 2030.

Are the December 1, 2025 share issuances for DNRSF final or conditional?

The issuance is subject to acceptance by Cboe Canada and therefore conditional on exchange approval.

How many shares will company executives receive from the November 30, 2025 interest settlement for DNRSF?

Four executives will receive an aggregate of 168,226 common shares in settlement of their debenture interest.