Denarius Metals Invests C$28.8 Million In Copper Giant As Trafigura Raises Stake To 14.79%

Denarius Metals has completed a C$28.8 million strategic investment in Copper Giant Resources and closed a C$28.81 million private placement with Trafigura to fund the transaction. Denarius subscribed for 40 million Copper Giant shares at C$0.72 each, giving it an approximately 15.34% ownership interest in the copper developer. Denarius CEO Federico Restrepo-Solano has also joined Copper Giant’s advisory board. The investment provides Denarius with exposure to Copper Giant’s Mocoa copper-molybdenum project in southern Colombia, which Copper Giant describes as one of the largest undeveloped resources of its kind in the Americas.