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Denarius Metals Announces Details for the November 30, 2025 Interest Payments on Its Convertible Unsecured Debentures

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Denarius Metals Announces Details for the November 30, 2025 Interest Payments on Its Convertible Unsecured Debentures

Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) announced today the details for the forthcoming monthly interest payments due on November 30, 2025 on its convertible unsecured debentures due October 19, 2029 and May 30, 2030.

 

The table below summarizes the details for the shares to be issued on December 1, 2025 to holders of the 2023 Debentures and the 2024 Debentures in settlement of the monthly interest due November 30, 2025:

Principal Amount of Debentures (1)
(CA$)
Interest
(CA$)
Number of
Shares to
be Issued (2)
Number of Shares
per CA$1.00 of
Principal
2023 Debentures 19,886,560 198,866 382,432 0.019231
2024 Debentures 14,272,314 142,723 274,468 0.019231
Total 34,158,874 341,589 656,900

(1) Issued and outstanding as of November 27, 2025.
(2) Based on the closing price of the common shares on Cboe CA of CA$0.52 per share on November 14, 2025, the Monthly Measurement Date pursuant to the Third Supplemental Indentures for the 2023 Debentures and the 2024 Debentures.

 

The issuance of the common shares in settlement of the interest payable on the debentures due November 30, 2025 is subject to the acceptance of Cboe Canada.

Mr. Serafino Iacono (Executive Chairman), Mr. Federico Restrepo-Solano (Director and CEO), Mr. Michael Davies (Chief Financial Officer) and Ms. Amanda Fullerton (General Counsel and Secretary) will receive an aggregate of 168,226 common shares in settlement of the interest payable on their respective holdings of 2023 Debentures and 2024 Debentures.

 

About Denarius Metals

Denarius Metals is a Canadian junior company engaged in the acquisition, exploration, development and eventual operation of precious metals and polymetallic mining projects in high-grade districts in Colombia and Spain. Denarius Metals is listed on Cboe Canada where it trades under the symbol “DMET”. The Company also trades on the OTCQX Market in the United States under the symbol “DNRSF”.

In Colombia, Denarius Metals commenced mining operations in the second quarter of 2025 at its 100%-owned Zancudo Project, a high-grade gold-silver deposit, which includes the historic producing Independencia mine, located in the Cauca Belt, about 30 km southwest of Medellin.

In Spain, Denarius Metals has interests in three projects focused on in-demand critical minerals. The Company owns a 21% interest in Rio Narcea Recursos, S.L. and is the operator of its Aguablanca Project, which has been recognized by the EU as a Strategic Project. The Aguablanca Project comprises a turnkey 5,000 tonnes per day processing plant and the rights to exploit the historic producing Aguablanca nickel-copper mine, located in Monesterio, Extremadura. Denarius Metals also owns a 100% interest in the Lomero Project, a polymetallic deposit located on the Spanish side of the prolific copper rich Iberian Pyrite Belt, approximately 88 km southwest of the Aguablanca Project, and a 100% interest in the Toral Project, a high-grade zinc-lead-silver deposit located in the Leon Province, Northern Spain.

Additional information on Denarius Metals can be found on its website at www.denariusmetals.com and by reviewing its profile on SEDAR+ at www.sedarplus.ca.

 

For Further Information, Contact:

Michael Davies
Chief Financial Officer
(416) 360-4653
investors@denariusmetals.com

Posted November 28, 2025

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