Denarius Metals to Restart Operations at Spain’s Aguablanca Nickel Mine

The latest announcement is out from Denarius Metals Corp ( (TSE:DMET) ).

Denarius Metals Corp has initiated activities to restart operations at the Aguablanca Project, Spain’s only nickel mine recognized as a Strategic Project by the EU. The company has engaged METSO to lead the refurbishment of the processing plant, with plans to have the underground mine back in production by mid-2026. This restart is expected to enhance Denarius Metals’ industry positioning by expanding its resource footprint and extending the mine’s life, with significant implications for stakeholders due to the strategic importance of nickel in the EU.

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 is a Canadian junior company involved in the acquisition, exploration, development, and operation of precious metals and polymetallic mining projects in high-grade districts in Colombia and Spain. The company is listed on Cboe Canada under the symbol ‘DMET’ and on the OTCQX Market in the United States under the symbol ‘DNRSF’.

Technical Sentiment Signal: Sell

Current Market Cap: C$36.29M

Learn more about DMET stock on TipRanks’ Stock Analysis page.