Latest news with #interest payments
Yahoo
28-07-2025
- Business
- Yahoo
Denarius Metals Announces Details for the July 31, 2025 Interest Payments on Its Convertible Unsecured Debentures
Toronto, Ontario--(Newsfile Corp. - July 28, 2025) - Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) ("Denarius Metals" or the "Company") announced today the details for the forthcoming monthly interest payments on July 31, 2025 on its convertible unsecured debentures due October 19, 2029 (the "2023 Debentures") and May 30, 2030 (the "2024 Debentures"). The table below summarizes the details for the shares to be issued to holders of the 2023 Debentures and 2024 Debentures on July 31, 2025 in settlement of the monthly interest due on that date:Principal Amount of Debentures (1)(CA$) Interest(CA$) Number of Shares to be Issued (2) Number of Shares per CA$1.00 ofPrincipal2023 Debentures Total before the following 19,521,000 195,210 375,403 0.019231 Consent Fee Debentures (3) 365,560 3,656 7,030 0.019231 Total issued & outstanding 19,886,560 198,866 382,433 2024 Debentures Total before the following 14,015,460 140,155 269,528 0.019231 Consent Fee Debentures (3) 272,454 2,724 5,240 0.019231 Total issued & outstanding 14,287,914 142,879 274,768 Total 34,174,474 341,745 657,201 (1) Issued and outstanding as of July 25, 2025.(2) Based on the closing price of the common shares on Cboe CA of CA$0.52 per share on July 16, 2025, the Monthly Measurement Date pursuant to the Third Supplemental Indentures for the 2023 Debentures and the 2024 Debentures.(3) The Consent Fee Debentures were issued on June 18, 2025 pursuant to the consent solicitation process and are currently subject to a statutory four month hold period. As such, the common shares to be issued in settlement of the interest thereon will be subject to the same hold period. The issuance of the common shares in settlement of the interest payable on the debentures on July 31, 2025 is subject to the acceptance of Cboe Canada. Mr. Serafino Iacono (Executive Chairman), Mr. Federico Restrepo-Solano (Director and CEO), Mr. Michael Davies (Chief Financial Officer) and Ms. Amanda Fullerton (General Counsel and Secretary) will receive an aggregate of 168,226 common shares in settlement of the interest payable on their respective holdings of 2023 Debentures and 2024 Debentures. About Denarius Metals Denarius Metals is a Canadian junior company engaged in the acquisition, exploration, development and eventual operation of precious metals and polymetallic mining projects in high-grade districts in Colombia and Spain. Denarius Metals is listed on Cboe Canada where it trades under the symbol "DMET". The Company also trades on the OTCQX Market in the United States under the symbol "DNRSF". In Colombia, Denarius Metals commenced mining operations in the second quarter of 2025 at its 100%-owned Zancudo Project, a high-grade gold-silver deposit, which includes the historic producing Independencia mine, located in the Cauca Belt, about 30 km southwest of Medellin. In Spain, Denarius Metals has interests in three projects focused on in-demand critical minerals. The Company owns a 21% interest in Rio Narcea Recursos, S.L. and is the operator of its Aguablanca Project, which has been recognized by the EU as a Strategic Project. The Aguablanca Project comprises a turnkey 5,000 tonnes per day processing plant and the rights to exploit the historic producing Aguablanca nickel-copper mine, located in Monesterio, Extremadura. Denarius Metals also owns a 100% interest in the Lomero Project, a polymetallic deposit located on the Spanish side of the prolific copper rich Iberian Pyrite Belt, approximately 88 km southwest of the Aguablanca Project, and a 100% interest in the Toral Project, a high-grade zinc-lead-silver deposit located in the Leon Province, Northern Spain. Additional information on Denarius Metals can be found on its website at and by reviewing its profile on SEDAR+ at Cautionary Statement on Forward-Looking Information This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to anticipated business plans or strategies, including Cboe Canada final acceptance of the share issuance. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Denarius Metals to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors" in the Company's Annual Information Form dated March 31, 2025 which is available for view on SEDAR+ at Forward-looking statements contained herein are made as of the date of this press release and Denarius Metals disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements. For Further Information, Contact: Michael DaviesChief Financial Officer(416) 360-4653investors@ To view the source version of this press release, please visit
Yahoo
11-07-2025
- Business
- Yahoo
Bitcoin Price Starts Surging After Trump Says 'Fed Rate' Is 300 Basis Points Too High
Bitcoin surged to $109,343 on July 9, up 0.8% over the prior 24 hours, according to CoinDesk Research's technical analysis model. In a Truth Social post at 10:00 a.m. ET, Trump declared that the U.S. federal funds rate is 'at least 3 points too high,' referring to a 300 basis point (3%) cut. He argued that delaying such a move imposes an annual burden of $360 billion on refinancing costs. Within 30 minutes, BTC began rising steadily as traders appeared to price in the short-term implications of such a dramatic policy shift, including the potential for renewed liquidity and risk-on sentiment. In a comprehensive thread on X, macro analysts at The Kobeissi Letter provided a detailed breakdown of Trump's claim. According to their analysis, total U.S. interest payments have already reached $1.2 trillion over the past 12 months—equivalent to $3.3 billion per day. They noted that while Trump's math assumes $360 billion in savings per percentage point across $36 trillion in national debt, only about $29 trillion is held publicly and would be affected by rate changes. Under more realistic assumptions, they estimate that a full 300 bps cut applied gradually could reduce interest expense by roughly $174 billion in the first year, potentially totaling $2.5 trillion over five years if 20% of the debt is refinanced annually. Despite these potential savings, the report warned that the broader economic consequences of a 3% cut would be historic. No single Fed rate cut in modern history has exceeded 100 basis points — even during the 2008 crisis or the March 2020 emergency move. Implementing a 300 bps reduction outside of a recession, in an economy growing at 3.8% annually, would be unprecedented. The Kobeissi Letter cautioned that such a move would likely reignite inflation above 5%, trigger a steep drop in the U.S. dollar — potentially exceeding 10% — and cause housing prices to surge due to a sharp decline in mortgage rates. Asset markets would likely rally in the short term, with gold forecasted to hit $5,000, oil above $80 per barrel, and the S&P 500 breaching 7,000. However, they emphasized that the long-term consequences would be destabilizing without major reductions in U.S. government spending. For Bitcoin, the implications are clear: a sudden drop in interest rates would be viewed as monetary stimulus, likely accelerating capital inflows into hard assets and alternative stores of value like BTC. While analysts continue to debate the likelihood of such cuts, the market's immediate reaction suggests investors are positioning for upside risk. Technical Analysis Highlights The BTC price moved sharply within 30 minutes of Trump's Truth Social post at 10:00 a.m. ET. Consolidation persisted earlier in the day, but buying volume increased significantly after Trump's rate comments. Price tested resistance near $109,761, with higher lows forming above $108,500, indicating bullish structure. Bollinger Bands compressed to their tightest levels in this cycle, historically a signal of pending breakout. Institutional accumulation remains visible via volume clusters near support zones around $108,500–$108,600. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
