Denarius Signs Definitive Option Agreement with Europa Metals to Develop the Toral Zinc-Lead-Silver Project, Leon Province, Northern SpainNovember 23, 2022
Denarius Metals Corp. (TSXV: DSLV; OTCQB: DNRSF), a Canadian junior company engaged in the acquisition, exploration, development and eventual operation of polymetallic mining projects in high-grade districts, has entered into a definitive option agreement with Europa Metals Ltd. (AIM: EUZ), a lead-zinc exploration company focused exclusively on European projects. Under the agreement, Denarius was granted options to acquire, in two stages, up to an 80% ownership interest in Europa Metals Iberia S.L., a wholly owned Spanish subsidiary of Europa, which holds the Toral Zn-Pb-Ag Project, located in the historic mining area of León Province, Northern Spain. Exercise of both options, among other things, requires expenditure and other payments in the aggregate amount of US$6 million by Denarius.
Wildeboer Dellelce LLP acted as legal counsel to Denarius Metals Corp. in connection with the transaction with a team comprising Peter Volk, Melissa Smith, Liza Quail and Himani Trivedi (Corporate Finance and Securities/Mergers and Acquisitions).
Full details can be found here.