Denarius Metals to Pay March Debenture Interest in Shares, Preserving Cash for Mine Development

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

Denarius Metals said it will settle the March 31, 2026 monthly interest payments on its 2023 and 2024 convertible unsecured debentures by issuing 392,630 common shares, based on a reference price of C$0.87. The issuance covers total outstanding debentures of about C$34.2 million and includes 100,524 shares going to senior insiders as payment of interest on their holdings.

The decision to pay interest in shares instead of cash helps preserve liquidity as the company advances capital-intensive projects in Colombia and Spain. The move modestly dilutes existing shareholders but underscores Denarius Metals’ reliance on equity-linked financing to support its transition from early production at Zancudo and the development of its critical minerals portfolio in Europe.

The most recent analyst rating on (TSE:DMET) stock is a Sell with a C$0.55 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 DMET Stock

According to Spark, TipRanks’ AI Analyst, DMET is a Neutral.

The score is held down primarily by weak financial performance (large losses, persistent cash burn, and rising leverage). Technicals are neutral-to-risky (flat trend with an overbought RSI), while valuation offers limited support due to negative earnings and no dividend. Offsetting these, corporate updates are constructive (permits, resource upgrade, early production and financing activity).

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

More about Denarius Metals Corp

Denarius Metals Corp. is a Canadian junior mining company focused on acquiring, exploring, developing and operating precious metals and polymetallic projects in high-grade districts in Colombia and Spain. It is listed on Cboe Canada under the symbol DMET and on the OTCQX Market in the U.S. under the symbol DNRSF, with assets including the Zancudo gold-silver project in Colombia and several critical minerals projects in Spain.

In Colombia, Denarius is in an early production phase at its wholly owned Zancudo Project while building a 1,000 tonne-per-day plant expected to produce high-grade gold-silver concentrates. In Spain, it operates the Aguablanca nickel-copper project through a 22% stake in Rio Narcea Recursos, and fully owns the Lomero polymetallic deposit and the Toral zinc-lead-silver project, all targeting in-demand critical minerals.

Technical Sentiment Signal: Sell

Current Market Cap: C$36.29M

See more insights into DMET stock on TipRanks’ Stock Analysis page.