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8 stories mentioning EMO.VUpdated 13d ago

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Mining & Metals

Emerita Resources Provides Drilling Results From Its La Infanta Deposit

Emerita Resources' (EMO.V) drill hole IN095 intercepted 7.2 meters (m) grading 1.0% copper, 4.0% lead, 7.5% zinc, 0.13 grams per tonne (g/t) gold and 83.32 g/t silver at its La Infanta deposit, it said on Tuesday.Drill hole IN093 intercepted 16.9m grading 0.2% copper, 1.5% lead, 1.9% zinc, 0.11 g/t gold and 9.29 g/t silver, including 4.8m grading 0.6% copper, 3.0% lead, 3.8% zinc, 0.12 g/t gold and 21.28 g/t silver, and exploration drill hole INN08 intercepted 2.8m grading 0.3% copper, 0.7% lead, 1.7% zinc, 0.31 g/t gold and 18.9 g/t silver in a deep test of the La Infanta deposit, it added."These results further demonstrate that mineralization at the IBW project has continued potential to expand in size and tonnage" said Emerita Resources President Joaquin Merino. "With the recent announcement of the Autorizacion Ambiental Unificada going into public hearings, the Company continues to advance the Project at all levels as we strengthen IBW both technically, environmentally, and with respect to its social license."The company has paused its drilling campaign for the summer season. Emerita is also evaluating all of its projects to generate the most prospective drilling targets with the recently renewed exploration permits for San Antonio and Nuevo Tintillo projects, and with the large amount of technical information collected by the company at IBW through continued drilling since 2021, it said.Shares of the company closed down 3.1% to $0.315 on Monday on the TSX Venture Exchange.

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Mining & Metals

Emerita Confirms Receipt of a Second Unsolicited Offer Letter From Denarius Metals

Emerita Resources (EMO.V) received a second unsolicited offer letter from Denarius Metals Corp. to acquire all of its issued and outstanding common shares at $0.45 per share, the company said Friday.A special committee comprised of independent directors was formed in response to the unsolicited offer letter received from Denarius on April 10, 2026, and this M&A Committee will "consider and evaluate strategies to maximize shareholder value, including pursuing one or more strategic transactions and continuing to execute on the company's existing business plan", it added.Emerita confirmed Friday that on April 23, 2026, it received a second unsolicited offer letter from Denarius, with consideration structured entirely in common shares of Denarius.Emerita noted Denarius, as referenced in the First Offer Letter and in their press releases, characterizes the latest offer as a proposal with Denarius anticipating a transaction between the companies would be completed by way of a court-approved plan of arrangement, or a similar type of appropriate corporate transaction, which would be subject to mutually agreeable terms and conditions to be set out in a definitive agreement as well as all required court, regulatory and shareholder approvals. Denarius has not outlined any other terms or conditions in its second offer letter, Emerita also noted.Emerita's board, in consultation with advisors, will review the second offer letter and determine the course of action that is in the best interests of the company and its shareholders, the company said, adding: "no action is required by Emerita shareholders at this time".There can be no certainty that Denarius' offer or any other strategic transaction will be pursued by Emerita, supported by the M&A Committee or the board or ultimately completed, Emerita said.Shares in EMO eased $0.01 or 2.6% to $0.37 yesterday.

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Mining & Metals

Emerita Resources Intersects High Grade Zone of 4.9 Meters at El Cura

Emerita Resources (EMO.V) on Wednesday reported results from ongoing drilling of El Cura deposit which is part of the company's wholly owned Iberian Belt West project which hosts three Volcanogenic Massive Sulfide (VMS) deposits.The company said the project is currently undergoing a NI 43-101 Prefeasibility Study (PFS) expected later this year. Hole EC097 which intersected 4.9 metres (m) grading 3.5% copper, 0.1% lead, 0.1% zinc, 1.95 grams per tonne (g/t) gold and 95.63 g/t silver including 1.6m grading 7.5% copper, 0.3% lead, 0.2% zinc, 4.43 g/t gold and 23.44 g/t silver and hole EC095 which intersected 0.6m grading 0.9% copper, 0.2% lead, 0.1% zinc, 0.93 g/t gold and 45.00 g/t silver, "successfully" demonstrate the westward continuation and downward plunging character of the mineralization at El Cura.Closer to the center of El Cura deposit, hole EC096 provides confirmation of the consistency of El Cura deposit, infilling gaps between prior drillholes within the deposit. The company is planning to scale back the drilling at El Cura over the coming several weeks as drill holes completed beyond that will not contribute to the ongoing MRE or PFS.Its technical team is developing the exploration programs to follow up targets at San Antonio and Nuevo Tintillo in support of identifying new mineral deposits in the area.Shares of the company closed down 6.3% to $0.37 on Tuesday on the TSX Venture Exchange.

$EMO.V
Mining & Metals

Denarius Metals Increases Offer For Emerita Resources

Denarius Metals Corp. announced Tuesday that it is increasing its previous proposal to acquire all of the issued and outstanding common shares of Emerita Resources Corp. (EMO.V) to CA$0.45 per share under an all-share transaction, representing an approximate 73% premium to Emerita's closing share price on the TSX Venture Exchange on April 10, 2026.A statement noted the increased proposal values Emerita at approximately C$133.48 million based on its current issued and outstanding common shares. As of yesterday's close, this offer would result in Denarius Metals issuing approximately 150 million shares at an estimated exchange rate of 0.506 Denarius Metals' share for each Emerita share issued and outstanding as of that date, the statement noted.Denarius Metals said it is "ready to engage promptly with Emerita's board and management to finalize terms and believes Emerita shareholders deserve the opportunity to evaluate the increased proposal without undue delay".The company added it "encourages" Emerita shareholders to carefully consider the increased Proposal in light of current market conditions, recent events, and the significant premium being offered relative to Emerita's recent trading levels.Shares in EMO rose $0.045 or near 13% at $0.395.

$EMO.V
Mining & Metals

Emerita Resources Granted Nuevo Tintillo Permit, Appoints David Patterson To Board

Emerita Resources (EMO.V) after the close Wednesday said it was been granted a renewal permit, or investigation permit, for the Nuevo Tintillo property that consists of 227 mining claims comprising 6,874.2 hectares in the Iberian Pyrite Belt in Spain's Seville Province.The company said the investigation permit is granted for a period of three years and may be renewed for additional terms prior to the expiry of each three-year period subject to satisfying the requisite regulatory conditions for an extension.Emerita said it plans a systematic exploration program that is expected to include detailed geophysical ground surveys, and geological mapping to refine the targets for a future diamond drill program.Additionally, Emerita announced that, effective immediately, David Patterson has been appointed as an independent director to the board of directors. Patterson is a seasoned mining and capital markets executive with over 30 years of experience in the financing, administration, and advancement of publicly listed mineral exploration and development companies across North America, the company said.He replaced Michael Jones who has resigned from the board.Company's shares closed up $0.02 at $0.35 on the TSX Venture Exchange on Wednesday.

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Mining & Metals

Emerita Resources Receives Unsolicited Offer from Denarius Metals

Emerita Resources (EMO.V) late on Monday confirmed that it has received an unsolicited offer from Denarius Metals to acquire all of Emerita's issued and outstanding common shares.Denarius offered to acquire the shares at a 15% premium to market based on Emerita's closing price on April 10, with consideration structured entirely in Denarius common shares.Denarius has not outlined any other terms or conditions and indicated that it welcomes a discussion with Emerita on the offer.Emerita's board, in consultation with its advisors, will review the offer and determine the course of action that is in the best interests of the company and its shareholders.

$EMO.V
Mining & Metals

Emerita Resources Receives Unsolicited, Non-binding Takeover Offer From Denarius Metals

Emerita Resources (EMO.V) after trade Monday confirmed it received an unsolicited takeover offer from Denarius Metals to acquire all of its shares at a 15% premium to their April 10 closing price, with consideration structured entirely in Denarius shares.The company said Denarius has not provided additional terms in its offer letter, stating only that it is open to discussions with Emerita and has now publicly disclosed the offer.Emerita said its board, with its advisors, will review the proposal and decide what is in the best interest of the company and its shareholders. Shareholders do not need to take any action at this time."Emerita cautions its shareholders and potential investors that the offer letter is non-binding and there can be no certainty that Denarius' offer or any other strategic transaction will be pursued by Emerita, supported by the board or ultimately completed," the company said, adding that it will provide updates as needed.The company's shares closed up $0.06 to $0.32 on the TSX Venture Exchange

$EMO.V
Mining & Metals

Denarius Metals Moves To Buy Emerita Resources; Comes After OSC Announced Allegations Against Emerita

Denarius Metals Corp. announced Monday that it has delivered a letter to the board of directors of Emerita Resources Corp. (EMO.V) outlining a proposal to acquire all of its issued and outstanding common shares.This comes after the Ontario Securities Commission (OSC) announced Friday enforcement proceedings against Emerita, five of its directors and officers, as well as an individual related to the alleged misconduct. It also comes after EMO, which is edging higher early Monday, lost a third of its value and touched 52 week lows on Friday.Under its proposal, Denarius Metals would acquire Emerita in an all share transaction at a 15% premium to market, based on Emerita's closing share price on the TSX Venture Exchange on April 10, 2026. The proposal contemplates consideration payable entirely in common shares of Denarius, which operates four projects across Colombia and Spain, including the Zancudo gold-silver project in Colombia, which is now in production, and the Aguablanca nickel-copper, Lomero polymetallic, and Toral zinc-lead-silver projects in Spain. Two of these projects, Aguablanca and Lomero, are located near IBW, Emerita's principal project.Denarius said it believes the proposal offers Emerita shareholders a "compelling and certain path to value relative to a standalone development trajectory", and added the proposal is "subject to the negotiation and execution of a mutually acceptable definitive agreement and the satisfaction of customary conditions". There can be no assurance that the proposal will result in a completed transaction.Emerita was down $0.13 or 33% at $0.26, and touched a 52 week low #0.25, last Friday. It was at last look up $0.01 at $0.27 today.

$EMO.V

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