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Denarius Metals Announces Strategic Collaboration To Develop And Commercialize Mining, Metals And Critical Minerals Opportunities Within The Kingdom Of Saudi Arabia
TORONTO, Feb. 19, 2026 /CNW/ - Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) ("Denarius Metals" or the "Company") announced today that it has entered int
About this update from Denarius Metals Corp.
[{"type":"text","content":" TORONTO, Feb. 19, 2026 /CNW/ - Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) (\"Denarius Metals\" or the \"Company\") announced today that it has entered into a strategic collaboration as JV partners with ProGrowth Ltd. Company (\"ProGrowth\"), a Saudi-based diversified group of companies with long-standing experience across construction and infrastructure, oil & gas, petrochemicals, mining, trading and technology-enabled services in the Kingdom of Saudi Arabia (\"KSA\"). This strategic collaboration will focus on a mandate to establish arrangements in the KSA for the processing, smelting and commercialization of material sourced from the Company's Lomero and Toral Projects in Spain and to identify, acquire, develop and operate gold and nickel mining concessions within the KSA. Serafino Iacono, Executive Chairman of Denarius Metals, commented, \"Aligned with Saudi Vision 2030, we look forward to building this alliance with ProGrowth to develop and commercialize metals and critical minerals from our projects in Spain and new projects in the KSA. ProGrowth is a well-established construction and engineering firm in the KSA, providing services for such companies as Maaden, Saudi Arabia's leading mining company, and Saudi Aramco in the oil & gas sector. The collaboration with ProGrowth will open doors for Denarius Metals in the mining and metals sector in the KSA which could ultimately lead to a strategic equity investment in our Company\". About ProGrowth ProGrowth is a Saudi-based diversified group of companies with long-standing experience across construction and infrastructure, oil & gas, petrochemicals, mining, trading, and technology-enabled services. The Group operates through specialized business units that collectively support the full project and value-chain lifecycle, from engineering and execution to trading and downstream commercialization. ProGrowth's engineering capabilities are delivered through ProGrowth Engineering Consultancy, providing design, engineering, technical studies, and project support services for industrial, infrastructure, and energy-related developments. This engineering foundation is complemented by the Group's execution and project delivery experience across major construction and oil & gas sectors in the KSA. In parallel, ProGrowth has established a strong presence in t...