#Canada #Toronto #mining #Denarius Metals #Zancudo Project

Denarius Metals Announces Important Capital Structure Update

On April 8, 2026, Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) revealed significant shifts in its capital structure. Following the expiration of unlisted warrants on April 4, 2026, the Company reported that it garnered roughly CA$24.7 million from the exercise of approximately 40.3 million warrants at various exercise prices ranging from CA$0.50 to CA$8.00 per share.

Financial Highlights

As of April 7, 2026, Denarius Metals retains a total of 202,359,191 common shares outstanding, translating to a market capitalization of approximately CA$184 million. This surge in cash flow largely stems from the recent expiration of warrants, notably CA$22.0 million from warrants that expired just before the declaration date. A detailed breakdown of the Company's securities issued and outstanding follows:

• - Common Shares: 202,359,191
• - Stock Options: 14,342,500 with exercise prices between CA$0.52 and CA$6.50, expiring from 2026 to 2031.
• - Warrants: 4,135,514 warrants with an exercise price of CA$0.85 expiring on October 31, 2026, and several other warrants expiring from May 2027 to June 2030, with varying prices and total outstanding amounts too.

Overall, Denarius has issued 51,915,698 securities that include convertible debentures contributing to the financial landscape.

About Denarius Metals

Denarius Metals operates as a Canadian junior mining entity focused primarily on precious metals and polymetallic projects in Colombia and Spain. At present, it actively engages in the production of gold and silver at its 100%-owned Zancudo Project, located approximately 30 km southwest of Medellin in the productive Cauca Belt, while simultaneously preparing a processing plant expected to handle 1,000 tonnes per day.

The Zancudo Project highlights an impressive high-grade gold-silver deposit and incorporates the historic Independencia mine within its territory. The processing plant is slated to begin generating high-grade gold-silver concentrates by the third quarter of 2026, illustrating Denarius's robust growth trajectory in precious metals production.

Additionally, the company has made significant investments in Spain, targeting strategic minerals. Among various projects, it controls a 21.8% stake in Rio Narcea Recursos, S.L. and manages the Aguablanca Project, which boasts an EU-recognized Strategic nod. This initiative encompasses a turnkey 5,000 tonnes per day processing plant to exploit the historic Aguablanca nickel-copper mine located in Monesterio, Extremadura.

Denarius also holds a 100% interest in the promising Lomero and Toral projects, both situated in mineral-rich areas of Spain, amplifying its portfolio further.

gauging Future Potential

Looking ahead, Denarius remains focused on advancing its exploration and development strategies across its existing projects. The anticipated progress with Zancudo and other ventures could position the Company favorably amid an ever-evolving and competitive landscape in the mining sector. The market's recognition of the Company's direction and performance will be pivotal in driving future investments and engagements.

For more information on Denarius Metals, stakeholders can visit Denarius's official website and explore its profile on SEDAR+.

Please note that all forward-looking statements contained in this update are subject to known and unknown risks that could potentially yield results that diverge from what has been anticipated. Investors are cautioned to consider the associated risks while interpreting the data provided.