#Canada #Toronto #Convertible Debentures #Denarius Metals #Zancudo Project

Denarius Metals Unveils 2026 Interest Payments Details

Denarius Metals Corp. recently made an announcement regarding the upcoming interest payments scheduled for March 31, 2026, concerning its convertible unsecured debentures. These payments, which relate to the 2023 and 2024 debentures, will be significant for shareholders and investors keen on understanding the company's financial commitments.

Key Payment Information

The company revealed the following details regarding the monthly interest payments:

• - 2023 Debentures: With a principal amount of CA$19,886,560, Denarius will pay CA$198,866 in interest. This will translate into the issuance of 228,580 common shares, equivalent to approximately 0.011494 shares per CA$1.00 of principal.
• - 2024 Debentures: With a principal amount of CA$14,272,314, the interest will be CA$142,723, resulting in the issuance of 164,049 common shares, again at around 0.011494 shares per CA$1.00 of principal.

The total interest payable for both debentures sums to CA$341,589, facilitating the issuance of a cumulative 392,630 shares to holders.

Company Leadership's Shares

Noteworthy, company insiders, including Executive Chairman Mr. Serafino Iacono, Director and CEO Mr. Federico Restrepo-Solano, Chief Financial Officer Mr. Michael Davies, and General Counsel Ms. Amanda Fullerton, will receive a combined total of 100,524 shares in relation to their holdings in the debentures. This demonstrates the alignment of interests between Denarius Metals' leadership and its investors.

About Denarius Metals

Founded as a junior mining company, Denarius Metals specializes in precious metals and polymetallic projects located in high-grade districts of Colombia and Spain. The company has been making strides in its operations

in Colombia, where it is currently in the early production phase at its Zancudo Project. This project is poised to launch a 1,000 tonnes per day processing plant, anticipated to produce high-grade gold-silver concentrates by the third quarter of 2026. Zancudo represents a significant asset for Denarius, being a high-grade deposit that includes the historic Independencia mine, located about 30 kilometers southwest of Medellin.

In addition to its operations in Colombia, Denarius has interests in multiple projects in Spain, particularly focused on critical minerals. The company holds a 22% interest in Rio Narcea Recursos, S.L. and serves as the operator for the Aguablanca Project, which operates with a recognized status as a strategic project by the EU. The Aguablanca Project boasts a comprehensive processing plant and rights associated with the historic Aguablanca nickel-copper mine located in Monesterio, Extremadura.

Further, Denarius operates the Lomero Project, a polymetallic site located along the resource-rich Iberian Pyrite Belt, roughly 88 kilometers southwest of Aguablanca as well as the Toral Project, a high-grade zinc-lead-silver asset situated in Northern Spain’s Leon Province.

For more insights regarding Denarius Metals, stakeholders can visit their official website or view company profiles on SEDAR+.

Concluding Remarks

As Denarius Metals moves forward with these interest payments, the company showcases its commitment to ensuring transparency and maintaining investor trust. This period marks an essential step in building company credibility as it continues its ambitious growth in the mining sector.