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Denarius Metals Corp ( (TSE:DMET) ) has provided an update.
Denarius Metals Corp has secured a US$9 million prepayment financing agreement with Trafigura to complete construction at its Zancudo Project in Colombia. The deal, which involves the future sale of gold-silver concentrates to Trafigura, positions Denarius Metals to advance its operations and potentially enhance its market standing in the mining sector.
More about Denarius Metals Corp
Denarius Metals is a Canadian junior company focused on the acquisition, exploration, and development of polymetallic mining projects in high-grade districts. The company is set to begin production at its Zancudo Project in Colombia and plans to initiate operations at the Aguablanca Project in Spain in the next 12 months. In addition to its Colombian interests, Denarius Metals holds a 100% stake in the Lomero and Toral Projects in Spain, and a 21% interest in Rio Narcea Recursos, S.L.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$36.29M
For a thorough assessment of DMET stock, go to TipRanks’ Stock Analysis page.