Impact: Positive
Denarius Metals closed a ~$7.4M private placement and provided an update on its Spanish exploration projects. Denarius is focused on exploring and developing polymetallic projects, including its Lomero-Poyatos and Toral projects in Spain and the Zancudo Au-Ag project in Colombia. Having received permit extensions for its Lomero project and additional permits to explore adjacent areas, we believe Denarius is well-positioned and adequately capitalized to advance its Spanish portfolio, which could potentially unlock one of the highest-grade massive sulphide deposits in the Iberian Pyrite Belt (IBP).