Denarius Metals Reveals Upcoming Interest Payments for Convertible Unsecured Debentures Due in 2026
Denarius Metals Announces Interest Payment Schedule
Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) has recently informed investors about the imminent interest payments scheduled for February 28, 2026, concerning its convertible unsecured debentures. This announcement outlines the financial implications and the issuance of shares tied to these payments, which are due on two key debt instruments: the 2023 Debentures and the 2024 Debentures.
Key Details of the Payments
According to the release, the payments for the forthcoming interest relate specifically to the 2023 Debentures, which will come to maturity on October 19, 2029, and the 2024 Debentures, maturing on May 30, 2030. The company has summarized the expected interest payouts in the following table:
| Description | Principal Amount (CA$) | Interest (CA$) | Shares to be Issued | Shares per CA$1.00 Principal |
|---|---|---|---|---|
| ---- | ----- | ---- | ----- | ------- |
| 2023 Debentures | 19,886,560 | 198,866 | 368,270 | 0.018519 |
| 2024 Debentures | 14,272,314 | 142,723 | 264,302 | 0.018519 |
| Total | 34,158,874 | 341,589 | 632,572 |
Based on the calculations, shareholders will receive shares equivalent to their interest payments, based on the common shares’ closing price on February 13, 2026, which was CA$0.54 per share.
Insiders' Share Allocations
In conjunction with these interest payments, several company insiders, including Mr. Serafino Iacono (Executive Chairman) and Mr. Federico Restrepo-Solano (Director and CEO), will collectively receive a total of 161,994 shares derived from their respective holdings in the debentures.
Company Overview
Denarius Metals is a junior mining company based in Canada, focusing on the acquisition and exploration of precious and polymetallic mining projects predominantly located in Colombia and Spain. The company’s flagship operations include the Zancudo Project in Colombia, where it is in an early production phase, and a robust processing facility slated for completion by mid-2026.
The Zancudo Project encompasses a high-grade gold-silver deposit and former mining site, located around 30 kilometers from Medellin. In Spain, Denarius Metals operates multiple projects, including the Aguablanca Project, which is deemed strategic by the European Union, and involves a significant processing plant and mining rights for various critical minerals.
Strategic Outlook
This announcement reflects Denarius Metals' commitment to ensuring transparency and providing stakeholders with actionable insight into its financial activities. The forthcoming interest payments represent a crucial component of the company's financial strategy as it aims to enhance its asset portfolio while navigating the complexities of the mining industry. Investors are urged to stay informed about the developments regarding their investments in Denarius Metals and its risk factors associated with forward-looking statements, which are highlighted in the company’s Annual Information Form.
For further details, investors can visit their official website or consult the SEDAR+ profile for more comprehensive information on the company’s operations and financial performance.
Topics Financial Services & Investing）
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