Emerita Resources Corp. (OTCQX: EMOTF) confirmed it received an unsolicited acquisition offer from Denarius Metals Corp. to purchase all outstanding common shares at a 15% premium to market price based on Emerita's closing price on April 10, 2026.

The offer consists entirely of Denarius common shares as consideration. Denarius provided no additional terms or conditions in its offer letter and indicated it intends to publicly disclose the proposal, according to the statement from Emerita.

Denarius described the communication as a proposal subject to negotiation and execution of a definitive agreement, along with satisfaction of customary conditions. The offer letter is non-binding.

Emerita's board of directors will review the offer letter in consultation with advisors to determine the course of action in the best interests of the company and its shareholders. No action is required from Emerita shareholders at this time.

The company cautioned that there is no certainty the offer or any strategic transaction will be pursued, supported by the board, or completed. The board will provide updates to shareholders regarding its consideration of the offer letter when appropriate.

Emerita Resources is a natural resource company focused on mineral property acquisition, exploration, and development in Europe, with primary operations in Spain. The company maintains its corporate office and technical team in Sevilla, Spain, with an administrative office in Toronto, Canada.