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Denarius Metals Announces Proposal to Acquire Emerita Resources to Scale Up Critical Minerals, Gold and Silver Production Potential in the Iberian Pyrite Belt
TORONTO, April 13, 2026 /CNW/ - Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) ("Denarius Metals" or the "Company") announced today that it has delivered
About this update from Denarius Metals Corp.
[{"type":"text","content":" TORONTO, April 13, 2026 /CNW/ - Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) (\"Denarius Metals\" or the \"Company\") announced today that it has delivered a letter to the board of directors of Emerita Resources Corp. (\"Emerita\") outlining a proposal to acquire all of the issued and outstanding common shares of Emerita (the \"Proposal\"). Serafino Iacono, Executive Chairman of Denarius Metals, stated \"We believe the proposed acquisition would be accretive to both Emerita's and Denarius Metals' shareholders. IBW's metallurgical profile is compatible with Denarius Metals' existing Spanish operations. A combination of the two companies would create the potential to scale up available resources in the Iberian Pyrite Belt and to consolidate the processing of Emerita's IBW material in the Aguablanca processing facility operated by Denarius Metals, thereby deferring or eliminating the capital expenditures otherwise required by Emerita to construct a standalone processing facility at IBW. Additionally, Denarius Metals has established a joint venture with ProGrowth, a diversified group of companies based in the Kingdom of Saudi Arabia, that is intended to provide a refining and trading platform in Saudi Arabia for concentrates from the combined Spanish portfolio. A combination of Denarius Metals and Emerita would create a scaled Iberian Pyrite Belt platform with diversified cash flow from Denarius Metals' producing Zancudo Project in Colombia, near‑term processing optionality at Aguablanca and long-term access to a Saudi Arabian refining and trading channel.\" Under the Proposal, Denarius Metals would acquire Emerita in an all‑share transaction at a 15% premium to market, based on Emerita's closing share price on the TSX Venture Exchange on April 10, 2026. The Proposal contemplates consideration payable entirely in common shares of Denarius Metals. Denarius Metals operates four projects across Colombia and Spain, including the Zancudo gold‑silver project in Colombia, which is now in production, and the Aguablanca nickel‑copper, Lomero polymetallic, and Toral zinc‑lead‑silver projects in Spain. Two of these projects, Aguablanca and Lomero, are located near IBW, Emerita's principal project. Denarius Metals believes the Proposal offers Emerita shareholders a compelling and certain path to value relative to a standalone deve...