Denarius Metals Secures Key Permits and Advances Mining Operations

Denarius Metals Corp ( (TSE:DMET) ) has shared an update.

Denarius Metals Corp has received a 20-year water concession for its Aguablanca Project in Spain, allowing it to restart operations as it now holds all necessary permits. This development is a significant step as the project is recognized as a ‘Strategic Project’ under the EU’s Critical Raw Materials Act. The company is finalizing financing arrangements to fund capital expenditures for plant refurbishment and de-watering activities, with operations expected to commence within the next 12 months. Additionally, Denarius Metals has commenced mining operations at its Zancudo Project in Colombia, leveraging an offtake contract with Trafigura to secure necessary funding. The company has reported positive drilling results at Zancudo, reinforcing high-grade ore potential and supporting future production plans.

The most recent analyst rating on (TSE:DMET) stock is a Buy with a C$1.81 price target. To see the full list of analyst forecasts on Denarius Metals Corp stock, see the TSE:DMET Stock Forecast page.

Spark’s Take on TSE:DMET Stock

According to Spark, TipRanks’ AI Analyst, TSE:DMET is a Underperform.

Denarius Metals Corp’s overall stock score is low, reflecting significant financial challenges with persistent losses and high leverage. The lack of technical momentum and poor valuation metrics further weigh on the score. However, recent corporate events, including strategic financing and project advancements, offer some optimism for future operational improvements.

To see Spark’s full report on TSE:DMET stock, click here.

More about Denarius Metals Corp

Denarius Metals Corp is a company operating in the mining industry, focusing on the exploration and development of mineral resources. Its primary projects include the Aguablanca Project in Spain and the Zancudo Project in Colombia. The company is involved in the mining and processing of critical raw materials, positioning itself strategically within the European Union’s Critical Raw Materials Act.

Technical Sentiment Signal: Sell

Current Market Cap: C$36.29M

For a thorough assessment of DMET stock, go to TipRanks’ Stock Analysis page.