Denarius Metals Closes Life Offering of Units for Gross Proceeds of Approximately CA$6.75 Million

Toronto, Ontario--(Newsfile Corp. - June 20, 2025) - Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) ("Denarius Metals" or the "Company") announced today that it has closed its previously announced "best efforts" agency basis private placement (the "Offering") led by Stifel Nicolaus Canada Inc. (the "Agent"), issuing a total of 12,280,309 units (the "Units") at CA$0.55 per Unit for gross proceeds of CA$6,754,169.95. Each Unit consisted of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one common share of the Company at a price of CA$0.66 per common share at any time on or before June 20, 2030. This brings the Company's issued and outstanding common shares as of the current date to 121,791,730 common shares.

The Company intends to use the net proceeds of the Offering to fund its projects in Spain, including the advancement of scoping and other studies, and site administration costs at its Lomero and Toral Projects, capital contributions related to certain restart activities and site administration costs at the Aguablanca Project, to fund certain exploration and development expenditures at its Zancudo Project in Colombia and for general corporate purposes and working capital of the Company.

Following closing of the Offering, Serafino Iacono beneficially owns and controls 22,078,355 common shares (which represents approximately 18.13% of the Company's issued and outstanding common shares), 1,650,000 stock options, 7,784,650 unlisted warrants, CA$1,939,306 senior unsecured convertible debentures due 2029 and CA$6,554,520 unsecured convertible debentures due in 2030. Prior to closing the Offering, Mr. Iacono beneficially owned and controlled 22,078,355 common shares, representing approximately 20.16% of the Company's issued and outstanding common shares. Assuming full exercise of his stock options, unlisted warrants and senior unsecured convertible debentures, Mr. Iacono would have control and direction over 46,746,773 common shares, representing 31.92% of the then outstanding common shares on a partially diluted basis.

Further to the Company's press release dated June 9, 2025, the Company has satisfied Cboe Canada's shareholder approval requirement and obtained written consent of at least 50% of the holders entitled to vote for approval of the Offering.

The Units were offered to purchasers by way of the "listed issuer financing" exemption under Part 5A (the "LIFE Exemption") of National Instrument 45-106 - Prospectus Exemptions ("NI 45-106") in all the provinces of Canada other than Québec. Upon closing of the Offering, the Units are immediately freely tradeable under applicable Canadian securities legislation. In conjunction with the Offering, the Company paid a cash fee of 7% of the gross proceeds of the Offering and issued 859,621 broker warrants, each to the Agent. Each broker warrant entitles the Agent to purchase one common share of the Company at a price of CA$0.66 per common share at any time on or before June 20, 2030.