Denarius Metals Secures Debentureholder Approval for Early Redemption

At meetings held July 16, 2026, Series 1 debentureholders representing over 91% of outstanding principal voted in favor of the resolution, with 88.575% supporting the measure. Simultaneously, Series 2 holders representing 83.35% of outstanding principal voted unanimously to approve the proposal. The amendments grant the company the right to convert the entirety of these debt holdings into common equity, while also facilitating specific interest and gold premium payments.

Final execution of this strategy remains contingent upon receiving clearance from Cboe Canada and approval from the company’s shareholders. A special meeting of shareholders is scheduled for July 17, 2026, to finalize the authorization. If the remaining hurdles are cleared, Denarius Metals intends to trigger the early redemption option immediately, settling the obligations through a share-based payout at the end of the month.