DENARIUS METALS CORP - DNRSF STOCK NEWS

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.

Denarius Metals announced the filing of a National Instrument 43-101 compliant technical report supporting its Preliminary Feasibility Study for the Aguablanca Project in Spain. The report, effective from March 24, 2024, was prepared by Resource Development Associates. This study covers Denarius' 50% stake in the Aguablanca Nickel-Copper Mineral Deposit. Investors can access the full report on Denarius Metals' website or SEDAR+.

Denarius Metals Corp. (DNRSF) announced its 2023 fiscal year results, showcasing significant progress and achievements across its various projects. The company reported audited financial statements, management discussions, and annual information forms. Denarius Metals continued its exploration and development work, with a focus on the Zancudo and Aguablanca projects. The Zancudo Project, with a 10-year mine life, is expected to generate net revenue of approximately $1.0 billion, while the Aguablanca Project envisions a six-year mine life generating $480 million in revenue. The company also acquired a 50% interest in Rio Narcea Recursos, S.L. to bolster its presence in Spain. Denarius Metals reported a net loss in 2023, but is optimistic about the future, with construction activities progressing at the Zancudo Project and plans to restart operations at the Aguablanca underground mine in early 2025.

Denarius Metals Corp. announces a long-term agreement with Trafigura Pte. for the sale of high-grade gold-silver concentrates from its Zancudo Project in Colombia. The company also secures a prepayment financing of up to US$10 million with Trafigura. Additionally, Denarius Metals sells a 3% NSR royalty on future production from the Zancudo Project, receiving US$5 million in cash. The company's Executive Chairman and CEO, Serafino Iacono, highlights the progress made in construction activities, financing, and drilling programs at Zancudo.

Denarius Metals Corp. (DNRSF) announces the results of a Pre-Feasibility Study supporting the restart of the Aguablanca Nickel-Copper Project in Spain. The study projects a robust NPV5 of $83.1 million, an after-tax IRR of 213%, and a payback period of 1.2 years, with a total LOM net revenue of $480.3 million.