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

Rhea-AI Summary

Denarius Metals (OTCQX: DNRSF) announced details for the October 31, 2025 monthly interest payments on its convertible unsecured debentures due October 19, 2029 (2023 Debentures) and May 30, 2030 (2024 Debentures).

The company will settle interest by issuing 621,068 common shares representing CA$341,589 of interest payable, based on a Monthly Measurement Date closing price of CA$0.55 per share on October 16, 2025. Principal outstanding totals CA$34,158,874 (CA$19,886,560 for 2023 Debentures; CA$14,272,314 for 2024 Debentures).

The issuance is subject to Cboe Canada acceptance. Executive shareholders will receive an aggregate 159,051 common shares in settlement of interest on their holdings.

Positive

• Shares to be issued: 621,068 common shares
• Interest amount payable: CA$341,589 for October 31, 2025
• Monthly Measurement Date price used: CA$0.55 per share

Negative

• Issuance subject to Cboe Canada acceptance
• Executives to receive 159,051 shares (insider share issuance)

Toronto, Ontario--(Newsfile Corp. - October 29, 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 October 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 October 31, 2025 in settlement of the monthly interest due on that date:

		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			361,572			0.018182
2024 Debentures		14,272,314			142,723			259,496			0.018182
Total		34,158,874			341,589			621,068

 

(1) Issued and outstanding as of October 28, 2025.
(2) Based on the closing price of the common shares on Cboe CA of CA$0.55 per share on October 16, 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 October 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 159,051 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/272330

FAQ

How many shares will Denarius Metals (DNRSF) issue for the October 31, 2025 interest payment?

Denarius Metals will issue 621,068 common shares to settle the October 31, 2025 interest payment.

What is the total interest amount being settled by Denarius Metals on October 31, 2025 (DNRSF)?

The total interest being settled is CA$341,589 for the October 31, 2025 payment date.

What share price did Denarius Metals (DNRSF) use to calculate the October 31, 2025 interest share issuance?

The calculation used the closing price of CA$0.55 per share on Cboe CA on October 16, 2025 (Monthly Measurement Date).

Are the October 31, 2025 share issuances by Denarius Metals (DNRSF) final or conditional?

The issuance is conditional on Cboe Canada acceptance before shares are issued in settlement of interest.

How many shares will company executives receive from the October 31, 2025 interest settlement (DNRSF)?

Named executives will receive an aggregate of 159,051 common shares in settlement of interest on their debenture holdings.