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Denarius Metals Corp ( (TSE:DMET) ) has issued an update.
Denarius Metals Corp. will settle the monthly interest payments due on December 31, 2025 on its 2023 and 2024 series of convertible unsecured debentures by issuing a total of 550,949 common shares, based on a reference price of C$0.62 per share and an aggregate outstanding principal of C$34.16 million. The share-based interest payment, which remains subject to Cboe Canada’s acceptance, includes 141,092 shares to be issued to senior executives and directors holding these debentures, underscoring the company’s continued use of equity to manage its debt-servicing obligations and preserve cash as it advances its mining projects in Colombia and Spain.
The most recent analyst rating on (TSE:DMET) stock is a Buy with a C$1.66 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 Canadian junior mining company focused on the acquisition, exploration, development and operation of precious metals and polymetallic projects in high-grade districts in Colombia and Spain. The company has started mining at its 100%-owned Zancudo gold-silver project in Colombia and holds interests in three Spanish projects targeting critical minerals, including the Aguablanca nickel-copper operation, the Lomero polymetallic deposit in the Iberian Pyrite Belt and the Toral zinc-lead-silver deposit in northern Spain. Its shares trade on Cboe Canada under the symbol DMET and on the OTCQX Market in the U.S. under DNRSF.
Technical Sentiment Signal: Sell
Current Market Cap: C$36.29M
For an in-depth examination of DMET stock, go to TipRanks’ Overview page.