DENARIUS METALS CORP - DNRSF STOCK NEWS

Denarius Metals (DNRSF) has initiated a consent solicitation process to amend terms of its convertible unsecured debentures worth CA$33.1 million total. The proposed amendments include: delaying Gold Premium Payments by one year (to January 2026 for 2023 debentures and June 2026 for 2024 debentures) and extending maturity dates by one year. The company requires 66 2/3% approval from debenture holders by December 18, 2024. Holders who consent will receive a 2% fee in additional debentures. The changes aim to align funding with cash flow from the Zancudo Project following delays in environmental impact study approval.

Denarius Metals reported its Q3 and nine months 2024 financial results. The company invested $9.5 million in exploration and development, including $7.4 million for the Zancudo Project construction. They raised $17.2 million through various financing activities in the first nine months, plus an additional $3.2 million in October. The company is finalizing a toll milling arrangement at Zancudo while constructing a 1,000 TPD processing plant, expected to be operational in Q1 2025. They reported a net loss of $9.5 million in Q3 2024 ($0.14 per share) and $12.1 million ($0.18 per share) for the nine-month period.

Denarius Metals Corp. (DNRSF) has completed the acquisition of 100% of Europa Metals Iberia S.L. (EMI) from Europa Metals , securing full ownership of the Toral Zn-Pb-Ag Project in Leon Province, Northern Spain. As part of the transaction, Denarius issued 7,000,000 common shares to Europa, subject to a hold period until March 13, 2025. Europa also assigned to Denarius its receivable for amounts advanced to EMI, totaling approximately EUR 3.7 million. The previous Option and Loan Agreements from November 22, 2022, between the parties have been terminated.

Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) announced that its Executive Chairman and CEO, Serafino Iacono, has exercised 3,000,000 common share purchase warrants at CA$0.60 per share, generating CA$1.8 million in gross cash proceeds for the company. This exercise increased Mr. Iacono's beneficial ownership to approximately 20.5% of the company's issued and outstanding common shares, up from 17.3% previously.

Mr. Iacono stated that this move reaffirms his confidence in Denarius Metals' portfolio of high-grade mining projects in Spain and Colombia, which are expected to begin production within the next 6 to 12 months. The company aims to create an internal source of cash flow from its Zancudo and Aguablanca Projects to support long-term growth.

Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) has signed a binding LOI to acquire 100% of Europa Metals Iberia S.L., which holds the Toral Zn-Pb-Ag Project in Northern Spain. The transaction, expected to close by October 31, 2024, aligns with Denarius' vision of producing low-carbon metals within the EU. The purchase price includes funds already advanced (US$3.1 million) and an additional CA$3.5 million in Denarius shares.

Key points:

• Acquisition strengthens Denarius' liquidity and flexibility in project development
• Denarius plans to update the Mineral Resource estimate and conduct a preliminary economic assessment
• The company has completed a 6,200-meter drilling campaign at Toral
• A formal mining license application has been filed

Denarius Metals Corp. (DNRSF) has announced high-grade gold and silver results from its ongoing infill drilling program at the Zancudo Project in Colombia. The program, designed to upgrade Inferred Resources to the Indicated category, has yielded significant intersections at the Los Albertos target, including:

- 22.37 g/t Au and 2,752 g/t Ag over 0.40 m (Manto Antiguo)
- 53.51 g/t Au and 154 g/t Ag over 0.40 m (Ortiz Vein System)
- 37.60 g/t Au and 1,190 g/t Ag over 0.40 m (Ortiz B Vein)

The results confirm high-grade mineralization on multiple structures and have delineated a NW-SE trending ore-shoot on the main Manto Antiguo structure, which remains open along strike and to the west. The drilling program, which began in April 2024, is expected to be completed in Q4 2024.

Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) has signed a long-term agreement with Boliden Commercial AB for the sale of 100% of nickel-copper concentrates from its Aguablanca Project in Spain. The initial term extends through mid-2031, with annual renewals thereafter. The concentrates will be shipped to Boliden's low-emission nickel flash smelting facilities in Harjavalta, Finland.

Additionally, Denarius Metals has completed its non-brokered private placement, issuing 8,473,332 common shares at CA$0.45 per share for total gross proceeds of CA$3,812,999.40. The company now has 74,665,084 issued and outstanding common shares. The funds will be used to support the Aguablanca Project, Zancudo Project in Colombia, and general corporate purposes.

Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) announced its Q2 and H1 2024 results. The company is advancing two mines, Zancudo in Colombia and Aguablanca in Spain, towards production within 6-12 months. Key highlights include:

- H1 2024 exploration and capital expenditures of $5.9 million, with $4.5 million for Zancudo Project.
- Zancudo Project construction progressing well, awaiting EIS approval expected in September.
- 10,000-meter infill drilling program at Zancudo commenced in April 2024.
- Aguablanca Project Pre-Feasibility Study completed, showing economic viability.
- Raised additional funding through NSR sale, offtake agreement, and private placements.
- Reported net income of $8.5 million in Q2 2024, with a net loss of $2.6 million for H1 2024.

Denarius Metals Corp. (OTCQX: DNRSF) announced the results of its Annual General and Special Meeting of Shareholders held on June 5, 2024. Shareholders owning 55.06% of the outstanding shares were represented by proxy. Key outcomes include the election of six directors, approval of KPMG LLP as auditors, and the ratification of amendments to the company's stock option plan. Additionally, ordinary resolutions were passed to designate Serafino Iacono, Aris Mining , and WS Ruffer Gold Fund as new Control Persons of the company.