Denarius Metals(NEO:DMET)

Denarius Metals is a Canadian junior company incorporated in British Columbia, focused on acquiring, exploring, developing, and operating polymetallic mining projects in high-grade districts in Spain and Colombia.

Investor website: https://denariusmetals.com/

About

Denarius Metals is a Canadian junior company incorporated in British Columbia, focused on acquiring, exploring, developing, and operating polymetallic mining projects in high-grade districts in Spain and Colombia. The company is listed on Cboe Canada under the symbol 'DMET' and on the OTCQX Best Market in the U.S. under 'DNRSF'. Denarius is advancing its 100%-owned Zancudo Project in Colombia, which includes the historic Independencia mine, and is also involved in projects in Spain, including a significant interest in Rio Narcea Recursos, S.L. The company emphasizes long-term ESG strategies in its operations.

Verified company data

Cash position
~$17.9M
Shares outstanding
213434217
Fully diluted shares
347637279
Mineral resource
The resultant updated MRE for the underground mine, with an effective date of March 24, 2024, is comprised of 5.3 million tonnes in the Measured & Indicated category grading 0.65% nickel (Ni) and 0.58% copper (Cu) containing a total of 76.8 million pounds of nickel and 68.0 million pounds of copper. The MRE also includes smaller quantities of gold, platinum, palladium and cobalt. Notes: 1. Scott Wilson, CPG, President of RDA is responsible for this mineral resource estimate and is an “independent qualified Person as such term is defined by NI 43-101 2. Reasonable prospects of eventual economic extraction were assessed by enclosing the mineralized material in the block model estimate in a 3D wireframe shape that was constructed based upon geological interpretations as well as adherence to a minimum mining unit with geometry appropriate for underground mining. 3. The cutoff grade of 0.35% Ni considered mining costs of: a. Metal selling prices Ni at US$7.30/lb and Cu selling prices of US$3.50/lb, b. Recoveries of Ni 82.8% and Cu 93.6%, and c. Costs including mining, processing, general and administrative (G&A), and off-site realization (TCRC). 4. Nickel Equivalent is estimated as ((3.50/7.30) * Cu grade) + Ni Grade. 5. Mineral resources are not mineral reserves and do not have demonstrated economic viability. 6. Mineral resources are inclusive of mineral reserves. 7. Figures may not add up due to rounding.
Projects
["The Aguablanca Project is located in southwestern Spain, approximately a 45 minute drive north of Seville. Aguablanca is one of the only deposits in Spain able to produce nickel and copper. The mine operated for 11 years from 2005 through 2015, much of that time by Lundin Mining, milling over 14 million tonnes of ore. The mine and its associated 5,000 tpd processing plant have remained idle since 2015 but have been well maintained. Underground mining has been approved by the state mining authority and the Environmental Impact Study approved in 2017 is still in force."]
Leadership
Serafino Iacono (Executive Chairman, Joined the Board in November 2020, has over thirty years of experience in capital markets and public companies, raised more than $5 billion for natural resource projects.), Federico Restrepo-Solano (CEO and Director, Joined the Board in October 2022, appointed CEO in January 2025, has over 25 years of experience in the oil and mining sector.), Michael Davies (CFO, Appointed CFO in February 2021, a Chartered Professional Accountant with over 25 years of experience in financial management.), Alessandro Cecchi (Vice President, Exploration, Appointed in October 2021, an exploration geologist with over 20 years of experience in gold exploration.), Mateo Restrepo Villegas (President, Zancudo Metals (Colombia), Appointed on August 1, 2024, has extensive experience in mining and government relations.), Amanda Fullerton (General Counsel & Corporate Secretary, Appointed in February 2021, has over 15 years of experience in corporate finance and law.), Santiago Suarez (Vice President, Corporate Development, Colombia, Appointed in October 2022, has experience in renewable energy and corporate development.), Luisa Masso (Vice President, Finance, Spain & Colombia, Joined in October 2022, has over 15 years of experience in finance in the mining sector.), Sasha Villoza (Corporate ESG Manager, Joined in October 2022, has over 20 years of experience in sustainability in the resource sector.)

Verified data last updated: 2026-06-12

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