• DMET is on track to bring two projects into production within the next 12 months: the Aguablanca nickel-copper project in Spain, and the Zancudo gold-silver project in Colombia.
  • Since our previous report, the company has secured an offtake agreement with Trafigura, a global commodities trading company, for concentrates produced by Zancudo. In addition, Trafigura has offered a prepayment financing facility of up to $10M. DMET has also divested  a 3% net smelter return (“NSR”) royalty in the project for $5M. A recently completed Preliminary Economic Assessment (PEA) returned robust economics, with an ATNPV5% of $206M, and a very high AT-IRR of 287%, using $1,800/oz gold, and $22/oz silver, compared to spot prices of $2,310/oz gold, and $27/oz silver.