DENARIUS METALS ANNOUNCES DETAILS FOR THE FEBRUARY 28, 2026 INTEREST PAYMENTS ON ITS CONVERTIBLE UNSECURED DEBENTURES
MWN-AI** Summary
Denarius Metals Corp. has announced the specifics for its upcoming interest payments on convertible unsecured debentures due February 28, 2026. This includes payments for the 2023 Debentures, set to mature on October 19, 2029, and the 2024 Debentures, maturing on May 30, 2030. As of February 26, 2026, the company detailed the amounts it will issue as shares to debenture holders in settlement of these personal interests, amounting to a total principal of CA$34,158,874 across both debenture series.
For the 2023 Debentures, with a principal amount of CA$19,886,560, Denarius will pay CA$198,866 in interest, leading to the issuance of 368,270 shares. Similarly, on the 2024 Debentures valued at CA$14,272,314, the interest of CA$142,723 will equate to 264,302 shares. The common shares will be issued at a calculated price based on recent market performance, reflecting CA$0.54 on the Monthly Measurement Date.
Key executives, including Executive Chairman Serafino Iacono and CEO Federico Restrepo-Solano, will collectively receive 161,994 shares as settlement for their respective debenture holdings.
Denarius Metals is actively engaged in mining projects across Colombia and Spain, with a strong focus on precious metals. In Colombia, they are in an early production phase at the Zancudo Project, which is expected to significantly ramp up output in the coming quarters. Their projects in Spain include strategic interests like the Aguablanca Project, recognized for its critical mineral potential.
For further information on Denarius Metals and its operations, stakeholders can visit the company's website or access additional documents on SEDAR+.
MWN-AI** Analysis
Denarius Metals Corp. recently announced the details surrounding interest payments due on its convertible unsecured debentures, specifically dated for February 28, 2026. Investors should take note of this development as it reveals critical insights into the company’s financial strategies and capital management.
The upcoming interest payments involve the issuance of common shares to debenture holders, including a significant total of approximately 632,572 shares across both the 2023 and 2024 debentures. This strategy of paying interest in shares rather than cash reflects Denarius’s plan to conserve cash reserves, which could be crucial as they ramp up production at their Zancudo Project in Colombia. Given that the company is in an early production stage and investing heavily in the construction of a new processing plant, preserving cash could be beneficial for funding ongoing operations.
From a market perspective, the conversion of debt to equity may dilute existing shareholders, but it can also be seen as a move towards strengthening the company's balance sheet. As Denarius is engaged in promising projects, with the potential for high-grade gold-silver mining, this strategic decision could attract more investment if investors perceive it as a commitment to enhancing shareholder value in the long term.
Moreover, with Denarius trading on Cboe Canada and OTCQX, this stock may appeal to investors seeking exposure in the mining sector, particularly those focused on precious metals. However, potential investors should be cautious, considering the company remains at a relatively early phase in its production lifecycle and may face operational risks associated with such projects.
Overall, Denarius Metals’ proactive approach to managing its debt obligations suggests a calculated risk, aligning cash flow strategies with operational goals. Investors are advised to keep a close watch on upcoming developments, especially for operational updates post-processing plant setup expected in Q3 2026.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
PR Newswire
TORONTO, Feb. 26, 2026 /PRNewswire/ - Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) ("Denarius Metals" or the "Company") announced today the details for the forthcoming monthly interest payments due on February 28, 2026 on its convertible unsecured debentures due October 19, 2029 (the "2023 Debentures") and May 30, 2030 (the "2024 Debentures").
The table below summarizes the details for the shares to be issued on March 2, 2026 to holders of the 2023 Debentures and the 2024 Debentures in settlement of the monthly interest due on February 28, 2026:
Principal Amount of (CA$) | Interest
(CA$) | Number of Shares to be Issued (2) | Number of Shares | |
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 |
(1) | Issued and outstanding as of February 26, 2026. |
(2) | Based on the closing price of the common shares on Cboe Canada of CA$0.54 per share on February 13, 2026, the Monthly Measurement Date pursuant to the Third Supplemental Indentures for the 2023 Debentures and the 2024 Debentures. |
Mr. Serafino Iacono (Executive Chairman), Mr. Federico Restrepo-Solano (Director and CEO), Mr. Michael Davies (Chief Financial Officer) and Ms. Amanda Fullerton (General Counsel and Secretary) (collectively, the "Insiders") will receive an aggregate of 161,994 common shares in settlement of the interest payable on their respective holdings of 2023 Debentures and 2024 Debentures.
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, including Cboe Canada final acceptance of the share issuance. 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.
SOURCE Denarius Metals Corp.
FAQ**
How does Denarius Metals plan to use the proceeds from the issuance of shares as interest payment for the February 28, 2026, interest on its convertible debentures in light of the current market performance of ESI Environmental Sensors DNRSF?
What are the key risk factors that Denarius Metals identified that could impact the anticipated share issuance related to the February 28, 2026, interest payments on convertible debentures for ESI Environmental Sensors DNRSF?
How will the performance of the Zancudo Project influence Denarius Metals' ability to maintain its commitments on the convertible unsecured debentures, given the upcoming interest payment on February 28, 2026, relating to ESI Environmental Sensors DNRSF?
Are there any regulatory considerations affecting the share issuance set for March 2, 2026, in connection with the February 28, 2026, interest payments on convertible debentures, especially regarding ESI Environmental Sensors DNRSF's operations?
**MWN-AI FAQ is based on asking OpenAI questions about ESI Environmental Sensors (OTC: DNRSF).
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