DENARIUS METALS ANNOUNCES PRIVATE PLACEMENT AND STRATEGIC INVESTMENT IN COPPER GIANT RESOURCES, GAINING EXPOSURE TO ITS WORLD CLASS MOCOA COPPER-MOLYBDENUM PROJECT IN SOUTHERN COLOMBIA

Denarius Metals Corp. has announced a strategic equity investment in Copper Giant Resources Corp. through a non-brokered private placement, valued at approximately CA$31 million. The transaction, detailed in a binding term sheet, will see Denarius invest CA$28.8 million to acquire a 15.6% equity stake in Copper Giant. The financing is expected to close on or about August 21, 2026, and is aimed at advancing the Mocoa copper-molybdenum project located in Colombia.

Copper Giant Resources Corp. is focused on the development of the Mocoa project, which is recognized as one of the largest undeveloped copper-molybdenum deposits in the Americas. The project has an inferred mineral resource of 1.1 billion tonnes, containing approximately 7.6 billion pounds of copper and 1.0 billion pounds of molybdenum. The Mocoa deposit is situated in the Putumayo Department of southern Colombia, an area noted for its geological potential and existing infrastructure, including road access and proximity to power lines. This strategic location enhances the project's viability and attractiveness to investors.

Denarius Metals, through this investment, aims to leverage its experience in Colombian mining to facilitate the advancement of the Mocoa project. The investment will provide the necessary capital to move beyond the Preliminary Economic Assessment (PEA) and accelerate the next phase towards a construction decision. This includes resource conversion drilling and various environmental studies essential for project advancement. The involvement of Denarius is further validated by the concurrent announcement of a long-term offtake agreement with Trafigura Pte Ltd., which will secure a market for a portion of the project's output.

The broader implications of this investment highlight the increasing interest in copper as a strategic mineral, particularly in light of the global transition towards renewable energy and electric vehicles, which are expected to drive demand for copper. Colombia's recognition of copper's strategic importance positions the country as a potential key player in the global copper market. The partnership between Denarius and Copper Giant, along with the support from Trafigura, indicates a strong alignment of interests aimed at maximizing the potential of the Mocoa project and enhancing Colombia's standing in the mining sector.

As the transaction proceeds towards its expected closing date, market observers will be keen to monitor the developments at Mocoa and the impact of this investment on both companies. The successful execution of the financing and subsequent project advancements could set a precedent for future investments in Colombia's mining sector, particularly in copper, thereby influencing the dynamics of the global copper market.