Welcome to our dedicated page for Denarius Silver news (Ticker: DNRSF), a resource for investors and traders seeking the latest updates and insights on Denarius Silver stock.
Denarius Metals Corp (OTCQX: DNRSF, Cboe CA: DMET) generates frequent news as a Canadian junior mining company advancing precious metals and polymetallic projects in Colombia and Spain. Its disclosures highlight operational milestones, project development updates, financing activities and technical reporting related to its portfolio.
News releases often focus on the Zancudo gold-silver project in Colombia, where Denarius Metals has commenced mining operations. Investors can follow announcements on early production results, shipments of material to Trafigura under a prepayment and offtake arrangement, and progress on construction of a 1,000 tonnes per day processing plant following receipt of an industrial facility permit from the local environmental authority.
Another key stream of news covers the company’s Spanish assets, including the Aguablanca nickel-copper project in Extremadura, the Lomero polymetallic project in the Iberian Pyrite Belt and the Toral zinc-lead-silver project in the Leon Province. Updates may include permitting developments, plant refurbishment work at Aguablanca, new investigation permits such as Cruzadillo near Lomero, and the design of future exploration and drilling campaigns.
Denarius Metals also issues regular releases on financing and capital structure, particularly around its convertible unsecured debentures due in 2029 and 2030. These announcements detail monthly interest payments, the number of common shares issued in lieu of cash interest, and related consent processes. In addition, the company reports on private placements, prepayment facility advances and the filing of interim financial statements and management’s discussion and analysis.
Technical and regulatory news includes NI 43-101 technical reports, updated Mineral Resource estimates for Zancudo, and commentary from independent qualified persons on geology, resource modeling and quality assurance protocols. For investors and analysts tracking DNRSF, this news page provides a centralized view of operational, financial and technical developments across Denarius Metals’ portfolio.
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Denarius Metals Corp. (OTCQB: DNRSF) has completed its maiden Mineral Resource estimate (MRE) for the Zancudo Project in Colombia. The estimate, prepared by SRK Consulting, reveals Inferred Resources of 2.8 million tonnes at a grade of 6.5 g/t gold and 112 g/t silver, totaling 576,000 ounces of gold and 10 million ounces of silver. The project aims for near-term production with local contract miners while focusing on exploration for long-term growth. Denarius also terminated the Guia Antigua license agreement with Aris Mining, securing approximately US$2.2 million to fund initial investments in Zancudo, including infrastructure improvements.
Denarius Metals Corp. reported its unaudited interim financial results for the three and nine months ending September 30, 2022. The company incurred a net loss of $0.7 million ($0.03 per share) for Q3 2022, and $2.3 million ($0.11 per share) for the nine months, significantly improved from a loss of $23.4 million in the same period last year. A total of $7 million was spent on exploration, mainly at the Lomero Project. Denarius has an initial mineral resource estimate of 10.66 million tonnes at the Lomero Project and requires additional capital for further operations.
Denarius Metals Corp. has entered a definitive option agreement with Europa Metals Ltd. to acquire up to an 80% interest in the Toral Zn-Pb-Ag Project in Spain. The first phase allows Denarius to acquire a 51% equity interest by investing $4 million over three years, including a mining license application by July 31, 2023. A second option permits acquiring an additional 29% interest post a prefeasibility study for $2 million. Denarius will also pay a $300,000 finder's fee through the issuance of shares. The project shows promise due to its location in a historically rich mining area.
Denarius Metals has received approval for a 10-for-1 share consolidation from TSX Venture Exchange, effective November 21, 2022. Post-consolidation, approximately 20,762,188 common shares will be outstanding, aimed at increasing share price attractiveness to institutional investors. This move is expected to alleviate the pressure from a large number of currently outstanding shares, potentially enhancing the company’s market appeal. The consolidation does not alter the company’s trading symbols or its capital structure regarding warrants and options.
Denarius Metals Corp. announced the filing of a Technical Report for its 100% owned Lomero-Poyatos Project, following an initial Mineral Resource estimate of 10.66 Mt containing 0.45% copper, 1.02% zinc, 0.41% lead, 2.0 g/t gold, and 21 g/t silver. This estimate is based on a Phase 1 drilling program comprising 71 diamond drill holes over 21,505 meters. The company is launching a Phase 2 exploration program to validate historical drilling and expand resources, with an updated estimate expected in early 2023.
Denarius Metals Corp. (OTCQB: DNRSF) reported the results of its Annual General and Special Meeting held on October 20, 2022. Key highlights include:
- Directors: Eight directors were elected, with over 99% approval for all.
- Auditors: KPMG LLP was appointed as auditors with 99.995% approval.
- Stock Option Plan: An ordinary resolution for a stock option plan was approved, limiting share issuance to 10% of outstanding shares.
The Company focuses on high-grade mining projects in Spain and Colombia.
Denarius Metals Corp. has signed a Letter of Intent with Europa Metals Ltd. for a joint-venture arrangement concerning the Toral Zn-Pb-Ag Project in Northern Spain. Denarius can acquire up to an 80% ownership stake in two stages, subject to due diligence and regulatory approvals. The Toral Project is situated in a historically rich mining area, with significant mineral resources estimated, including 5.9 million metric tons indicated at 7.1% Zinc Equivalent. Denarius aims to capitalize on increasing raw metals prices driven by industry demands and geopolitical risks.