Toronto, Ontario--(Newsfile Corp. - September 24, 2024) - Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) ("Denarius Metals" or "the Company") announced today that Mr. Serafino Iacono, Executive Chairman and CEO, has exercised a total of 3,000,000 common share purchase warrants at an exercise price of CA$0.60 per share for gross cash proceeds to the Company of CA$1.8 million.

Mr. Iacono commented, "Denarius Metals is well positioned with a portfolio of high-grade mining projects in Spain and Colombia that gives us exposure to near term production of sought after critical minerals and precious metals. My exercise of the warrants today reaffirms my confidence in Denarius Metals as we continue to execute our business plan to bring our Zancudo and Aguablanca Projects into production within the next 6 to 12 months to create an internal source of cash flow to support our longer term growth strategy."

As a result of the warrants exercise, Mr. Iacono beneficially owns and controls 15,899,083 common shares (which represents approximately 20.5% of the Company's issued and outstanding common shares), 900,000 stock options, 2,969,014 unlisted warrants, CA$1,864,000 senior unsecured convertible debentures due 2028 and CA$6,300,000 unsecured convertible debentures due 2029. see & read more on
https://www.newsfilecorp.com/release/224469/