Denarius Metals Corp ( (TSE:DMET) ) has shared an announcement.
Denarius Metals Corp has commenced mining operations at its Zancudo Project in Colombia, with initial ore deliveries to Trafigura expected by the end of April. The company has secured $9 million in prepayment financing from Trafigura to fund construction activities, with the processing plant anticipated to be operational by the fourth quarter of 2025. Additionally, the European Commission has recognized the Aguablanca Project in Spain as a Strategic Project. The company has focused its 2024 efforts on advancing these projects, raising significant funds through private placements and securing offtake contracts to ensure long-term economic stability.
More about Denarius Metals Corp
Denarius Metals Corp is a mining company involved in the extraction and production of precious metals, primarily gold and silver, as well as nickel and copper. The company operates projects in Colombia and Spain, focusing on the Zancudo and Aguablanca projects, respectively. Denarius Metals aims to generate cash flow through these projects by entering into offtake contracts with global companies for the sale of concentrate production.
Technical Sentiment Signal: Buy
Current Market Cap: C$36.29M
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