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Denarius Metals Corp ( (TSE:DMET) ) has provided an announcement.
Denarius Metals Corp. has sold a 29% interest in Rio Narcea Recursos, S.L. to its joint venture partners, reducing its stake to 21% and settling a significant financial obligation. This move improves the company’s financial liquidity while maintaining its role as the operator of the Aguablanca Project and preserving its strategic rights, including using the RNR processing plant for its Lomero and Toral Projects. The arrangement strengthens Denarius Metals’ position in their strategic plans in Spain and supports future project developments.
More about Denarius Metals Corp
Denarius Metals is a Canadian junior company focused on acquiring, exploring, developing, and operating polymetallic mining projects in high-grade districts. The company is preparing to start production at its Zancudo Project in Colombia and plans to initiate operations at the Aguablanca Project in Spain within the next year. In Spain, Denarius holds a 100% interest in the Lomero Project on the Iberian Pyrite Belt and a 21% stake in Rio Narcea Recursos, which operates a nickel-copper mine and processing plant.
YTD Price Performance: 0.0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$36.29M
Find detailed analytics on DMET stock on TipRanks’ Stock Analysis page.
