Denarius Metals Corp., announced today that after multiple attempts to engage with the board of directors and special committee of Emerita, it no longer intends to pursue its offer to enter into discussions with Emerita Resources Corp. ("Emerita") in respect of the acquisition of all of the issued and outstanding shares of Emerita.

Emerita has failed to engage in any substantive discussions with Denarius Metals regarding its proposal to acquire the shares of Emerita by way of plan of arrangement, or other supported corporate transaction, at a price of CA$0.45 per Emerita share, representing a 73% premium to Emerita's closing price on April 10, 2026. Although Denarius Metals' proposal was intended to provide Emerita shareholders with a pathway to immediate value, Emerita has not responded to Denarius Metals' written requests to facilitate negotiations which could lead to a potential transaction. 

Denarius Metals will continue to ramp up operations at its producing Zancudo gold-silver mine in Colombia, prepare the Aguablanca Ni-Cu Project in Spain to re-start in the first half of 2027 and to create scale in its portfolio of projects in Spain, including the advancement of its strategic collaboration with Saudi-based ProGrowth Ltd. Company.

 

Source: prnewswire.com

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