TORONTO, March 18, 2026 /PRNewswire/ - Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) ("Denarius Metals" or the "Company") announced today an update on its capital structure following the expiry of the Company's listed warrants (DMET.WT) on March 17, 2026. These warrants were delisted from the Cboe CA exchange at the close of trading yesterday.
Since the beginning of this year, the Company has received total gross proceeds of approximately CA$18.7 million in cash from the exercise of approximately 30.2 million warrants at exercise prices ranging from CA$0.60 to CA$8.00 per share. As at March 17, 2026, the Company had a total of 191,856,521 common shares issued and outstanding and a market capitalization of approximately CA$167 million(1).
As at March 17, 2026, the Company had the following securities issued and outstanding:
Securities Cboe Canada Number Shares Exercise price Expiry
Symbol Issuable per share or Maturity
Common shares DMET 191,856,521
Stock options 14,432,500 CA$0.52 - CA$6.50 2026 -2031
Warrants Unlisted 10,937,500 10,937,500
CA$0.60 April 4, 2026
Unlisted 4,135,514 4,135,514
CA$0.85 October 31, 2026
Unlisted 6,443,014 6,443,014
CA$0.60 May 30, 2027
Unlisted 3,000,000 3,000,000
CA$0.74 February 7, 2028
Unlisted 13,138,000 13,138,000
CA$0.60 March 20, 2028
Unlisted 2,083,500 2,083,500
CA$0.60 April 30, 2028
Unlisted 11,950,000 11,950,000
CA$0.70 November 19,
2028
Unlisted 447,780 447,780
CA$0.50 November 19,
2028
Unlisted 10,802,930 10,802,930
CA$0.66 June 20, 2030
62,938,238
Convertible DMET.DB CA$19,886,560 44,192,354
CA$0.45 October 19, 2029
Debentures Unlisted CA$14,272,314 23,787,190
CA$0.60 May 30, 2030
CA$34,158,874 67,979,544
Fully Diluted
"In-the money" (1) 335,951,803
Total 337,206,803
(1) Based on the closing price of the common shares on Cboe Canada of CA$0.87 per share on March 17, 2026.
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 is producing gold and silver in an "early production" phase at its 100%-owned Zancudo Project while it completes construction a 1,000 tonnes per day processing plant that is expected to start producing high-grade gold-silver concentrates by the third quarter of 2026. The Zancudo Project is a high-grade gold-silver deposit, which includes the historic producing Independencia mine, and is 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 22% 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.
Cautionary Statement on Forward-Looking Information
This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to anticipated business plans or strategies. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Denarius Metals to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors" in the Company's Annual Information Form dated March 31, 2025 which is available for view on SEDAR+ at www.sedarplus.ca. Forward-looking statements contained herein are made as of the date of this press release and Denarius Metals disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
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SOURCE Denarius Metals Corp.
For Further Information, Contact: Michael Davies, Chief Financial Officer, (416) 360-4653, investors@denariusmetals.com