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Denarius Metals Corp ( (TSE:DMET) ) has shared an update.
Denarius Metals Corp announced a non-brokered private placement to raise up to CA$4,480,000 through the issuance of 8,000,000 units, each consisting of one common share and one share purchase warrant. The proceeds will support Denarius’s projects in Spain, including the Lomero and Toral projects, as well as restart activities at the Aguablanca Project. The placement is expected to close by March 12, 2025, and insiders have shown interest in participating for CA$1.0 million. This move aims to bolster the company’s operations in Spain, advancing key projects and strengthening its market position in the polymetallic mining sector.
More about Denarius Metals Corp
Denarius Metals is a Canadian junior company involved in the acquisition, exploration, development, and operation of polymetallic mining projects in high-grade districts. The company is set to start production at its Zancudo Project in Colombia in early 2025 and plans to begin operations at the Aguablanca Project in Spain within the next 12 months. Denarius Metals holds interests in several projects in Spain, including the Lomero Project and the Toral Project, focusing on copper, zinc, lead, silver, and nickel-copper deposits.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$36.29M
For an in-depth examination of DMET stock, go to TipRanks’ Stock Analysis page.
