#Canada #Toronto #Denarius Metals #Zancudo Project #Debenture Amendments

Denarius Metals Secures Shareholder Approval for Debenture Amendments

In a significant development for Denarius Metals Corp., shareholders approved vital amendments to the company's debentures during a special meeting held on July 17, 2026. This approval signifies a crucial step for the junior mining company as it seeks to capitalize on its projects in Colombia and Spain, particularly on its promising Zancudo Project.

Shareholder Meeting Highlights

At the special meeting, shareholders representing approximately 54.78% of the common shares cast their votes by proxy. A remarkable 97.47% voted in favor of the Transaction Resolution, which included key decisions regarding the issuance of common shares exceeding 25% of existing shares. The resolution also encompassed amendments to trust indentures connected to Denarius's convertible unsecured debentures, namely the Series 1 and Series 2 Debentures.

In compliance with regulations outlined by Cboe Canada Inc., the approval required minority consent from shareholders, a condition that was met efficiently. Following this meeting, the board of directors decided to execute the early redemption option, setting the stage for further investments into the company's operations.

Strategic Implications of the Amendments

These amendments are pivotal as they enable Denarius to manage its financial commitments more effectively. The company plans to settle interest and gold premium payments in common shares, anticipated to occur on July 31, 2026. This strategy is expected to facilitate the issuance of approximately 225,488,319 common shares to debenture holders, pending regulatory endorsement by Cboe Canada.

Overview of Denarius Metals

Denarius Metals, headquartered in Toronto, focuses on acquiring, exploring, and developing high-grade mining projects primarily for precious metals and polymetallic resources in regions such as Colombia and Spain. In Colombia, the company is in the early production phase at the Zancudo Project, intending to open a processing plant capable of handling 1,000 tonnes daily by late 2026. The project contains a historical high-grade gold-silver deposit known as the Independencia mine, strategically located in the Cauca Belt, southwest of Medellin.

The company is also strategically positioned in Spain, pursuing projects that include the Aguablanca Project—a significant nickel-copper mine recognized by the EU as a Strategic Project. Furthermore, Denarius holds interests in the Lomero and Toral Projects, focusing on high-demand critical minerals and metals.

Looking Ahead

As Denarius Metals continues to build upon this momentum, the company's efforts are aimed at ramping up both operations and projects that can directly contribute to its long-term growth. The positive reception from shareholders not only reflects confidence in the company's direction but also positions Denarius well within the competitive mining industry.

Stakeholders and interested parties can expect more updates as Denarius progresses with its operations and if additional approvals are granted. To learn more about Denarius Metals, visit their official website at www.denariusmetals.com or check their profile on SEDAR+ for further details.

Conclusion

The recent approval by shareholders marks a turning point for Denarius Metals as it embarks on a promising phase of growth. By ensuring support for its financial strategies, Denarius is poised to enhance its position in the mining sector amidst ongoing developments both locally and internationally.