Denarius Metals Provides Update on Startup Activities at Its Zancudo Project in Colombia and Its Aguablanca Project in Spain; Announces Grant of Stock Options
Serafino Iacono, Executive Chairman and CEO of Denarius Metals, commented, "The execution of activities to commence production at our Zancudo Project in 2024 remains on track.
- Serafino Iacono, Executive Chairman and CEO of Denarius Metals, commented, "The execution of activities to commence production at our Zancudo Project in 2024 remains on track.
- The Zancudo Project encompasses three adjoining mining concession contracts and one exploration license covering an area of approximately 1,054 hectares.
- This permit allows the Company to start mining activities within this area at the Zancudo Project once the Environmental Impact Study ("EIS") is approved by Corantioquia, the local environmental authority.
- The stock options will fully vest on the first anniversary of the grant date and are exercisable at CA$0.59 per common share for a five-year term to expiry.