Denarius Metals Inks Deal and Boosts Liquidity

Denarius Metals Corp (TSE:DMET) has released an update.

Denarius Metals Corp. has secured a deal with Trafigura to sell all concentrates from its Zancudo Project in Colombia for the next eight years and received a US$10 million financing commitment, repayable over 26 months post-production start-up. Additionally, the company sold a 3% NSR royalty for US$5 million, bolstering its liquidity as it nears the completion of the Zancudo Project’s construction and an infill drilling program. These financial moves come as the project is set to begin production, with a positive outlook due to rising gold and silver prices.

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