Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest update is out from Denarius Metals Corp ( (TSE:DMET) ).
Rio Narcea Recursos S.A., the Denarius Metals-led joint venture that owns the Aguablanca nickel-copper project in Spain, has launched a “best efforts” marketed offering of up to US$20 million in 12% secured notes to finance the restart of the operation. The five-year, asset-backed notes, which are non-recourse to Denarius and secured by RNR’s mining and processing assets, will fund dewatering, underground rehabilitation, start-up capital expenditures and working capital, with part of the proceeds escrowed to cover the first year of interest. Parallel refurbishment and commissioning of the 5,000 tpd processing plant are being advanced under a staged program with METSO Spain S.A., while specialized contractors handle mine and tailings dewatering, with the aim of returning the underground mine to production by late 2026, contingent on the successful completion of the financing.
The most recent analyst rating on (TSE:DMET) stock is a Sell with a C$0.55 price target. To see the full list of analyst forecasts on Denarius Metals Corp stock, see the TSE:DMET Stock Forecast page.
Spark’s Take on TSE:DMET Stock
According to Spark, TipRanks’ AI Analyst, TSE:DMET is a Neutral.
The score is held down primarily by weak financial performance (large losses, persistent cash burn, and rising leverage). Technicals are neutral-to-risky (flat trend with an overbought RSI), while valuation offers limited support due to negative earnings and no dividend. Offsetting these, corporate updates are constructive (permits, resource upgrade, early production and financing activity).
To see Spark’s full report on TSE:DMET stock, click here.
More about Denarius Metals Corp
Denarius Metals Corp. is a Toronto-listed mining company with a 22.1% equity interest in Rio Narcea Recursos S.A. (RNR) and acts as operator of the Aguablanca nickel-copper project in Monesterio, Extremadura, Spain. The Aguablanca project is a fully permitted, historical producer of nickel-copper concentrates, equipped with a 5,000 tonnes-per-day processing plant and underground mine rights, positioning Denarius within the base metals segment focused on nickel and copper production in Europe.
Technical Sentiment Signal: Sell
Current Market Cap: C$36.29M
For a thorough assessment of DMET stock, go to TipRanks’ Stock Analysis page.