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. reports developments tied to its precious metals and polymetallic mining portfolio in Colombia and Spain. The company is a Canadian junior mining issuer with the producing Zancudo gold-silver mine in Colombia and the Aguablanca nickel-copper project in Spain, and its securities trade on Cboe Canada under DMET and on the OTCQX Market under DNRSF.
Recurring news includes operating and financial results, annual disclosure filings, material agreements, shareholder voting and governance matters, and capital-structure updates. Company announcements also cover convertible unsecured debenture interest payments, gold premium payments, warrant exercises, and portfolio-scale initiatives across gold, silver and critical-minerals projects.
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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.