TORONTO,Aug. 6, 2026/CNW/ — Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) (“Denarius Metals” or the “Company”) announced today that it has entered into a binding term sheet with Copper Giant Resources Corp. (TSXV: CGNT)(OTCQB: LBCMF) (FRA: 29H0) under which the Company will make a strategic equity investment in CGNT through a non-brokered private placement.

The Financing will generate aggregate gross proceeds of approximately CA$31.0 million, with a lead order from the Company of CA$28.8 million to acquire a 15.6% equity interest in Copper Giant on closing. Frank Giustra and Ian Harris, President and Chief Executive Officer of Copper Giant, are also participating in the Financing.

Copper Giant also concurrently announced today an offtake agreement with Trafigura Pte Ltd.

Serafino Iacono, Executive Chairman of Denarius Metals, commented,

“We know Colombia and we know what it takes to move a project from resource to operation.

 

“Copper Giant’s Mocoa Project stands out for its scale, its copper-molybdenum endowment and its potential importance to Colombia’s mining future.

 

“We are investing as a long-term partner because we believe Copper Giant has the asset and the team to advance it responsibly.”

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Ian Harris, President and Chief Executive Officer of Copper Giant, commented,

“This transaction changes the trajectory of Mocoa.

 

“Denarius Metals’ investment gives us the capital to move through the PEA and accelerate the next phase toward a construction decision, while Trafigura provides a long-term route to global markets.

 

“Together, these partners bring Colombian operating experience, market reach and long-term alignment at a pivotal moment for copper and for Colombia.”

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Disclosure

At the time of writing the author holds shares in Copper Giant.

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