Denarius Metals Raises CA$6.6 Million in Private Placement to Fund Spanish Projects

An announcement from Denarius Metals Corp ( (TSE:DMET) ) is now available.

Denarius Metals Corp has successfully closed a non-brokered private placement, raising approximately CA$6.6 million through the issuance of 13,138,000 units. The proceeds will be used to advance its mining projects in Spain and cover general corporate costs. The placement saw significant participation from insiders, including Executive Chairman Serafino Iacono and Aton Ventures Fund Ltd., which now hold substantial stakes in the company. This financial move is expected to bolster Denarius Metals’ operational capabilities and strengthen its position in the mining sector.

More about Denarius Metals Corp

Denarius Metals Corp is a company operating in the metals industry, focusing on the exploration and development of mining projects. Its primary market focus includes projects in Spain, such as the Lomero and Toral Projects, as well as the Aguablanca Project.

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$36.29M

See more data about DMET stock on TipRanks’ Stock Analysis page.