Denarius Metals closes strategic investment in Copper Giant and concurrent Trafigura placement

DENARIUS METALS ANNOUNCES CLOSING OF STRATEGIC INVESTMENT IN COPPER GIANT RESOURCES AND CONCURRENT PRIVATE PLACEMENT WITH TRAFIGURA

PR Newswire

TORONTO , Aug. 21, 2026 /PRNewswire/ -- Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) ("Denarius Metals" or the "Company") announced today that it has closed its previously announced strategic equity investment in Copper Giant Resources Corp. ("Copper Giant") (TSXV: CGNT, OTCQB: LBCMF, FRA: 29H0) through Copper Giant's non-brokered private placement financing (the "Copper Giant Financing"). Pursuant to the Copper Giant Financing, Denarius Metals subscribed for 40,000,000 common shares of Copper Giant at a price of CA$0.72 per share for a total investment of CA$28,800,000. Following closing of the Copper Giant Financing, Denarius Metals holds an approximately 15.34% equity interest in Copper Giant. Federico Restrepo-Solano, Chief Executive Officer of Denarius Metals, has been appointed to Copper Giant's advisory board.

The Company also announced today that it has closed its concurrent non-brokered private placement (the "Denarius Financing") with Urion Investments Holdings Limited ("Urion"), acting on behalf of the Trafigura Group ("Trafigura"). Pursuant to the Denarius Financing, Urion acquired units of the Company at a price of CA$0.43 per unit comprising 67,000,000 common shares of the Company and 12,500,000 common share purchase warrants (the "Warrants") for aggregate gross proceeds of CA$28,810,000. The proceeds were used to fund the Copper Giant Financing. Each Warrant is exercisable to acquire one common share of the Company at an exercise price of CA$0.60 per share until August 21, 2029. The common shares and Warrants comprising the units are subject to a statutory four-month hold period.

Early Warning Reports

In connection with the Denarius Financing, Urion, acting on behalf of Trafigura, has acquired 67,000,000 common shares and 12,500,000 Warrants of the Company. Immediately prior to the closing of the Denarius Financing, Trafigura beneficially owned and controlled 7,576,282 common shares, representing approximately 1.73% of the Company's then issued and outstanding common shares, together with 6,675,000 common share purchase warrants. Assuming the exercise of those warrants, Trafigura would have beneficially owned and controlled 14,251,282 common shares, representing approximately 3.21% of the shares on a partially diluted basis. As a result of closing the Denarius Financing, Trafigura beneficially owns and controls 74,576,282 common shares, representing approximately 14.79% of the Company's issued and outstanding common shares, together with 19,175,000 common share purchase warrants. Assuming full exercise of those warrants, Trafigura would beneficially own and control 93,751,282 common shares, representing approximately 17.92% of the shares on a partially diluted basis.

Trafigura is leading global commodities company that manages complex supply chains to move energy and commodities around the world. Urion is a subsidiary of Trafigura existing under the laws of Malta. Its registered office is located at Oyia Business Center, Floor 3, Suite 301, Cross Roads, Marsa, MRS, 1547, Malta