Dundee Precious Metals Announces Filing of Management Information Circular for Acquisition of Adriatic Metals & Name Change

Core Viewpoint - Dundee Precious Metals Inc. (DPM) is seeking shareholder approval for the acquisition of Adriatic Metals plc and a name change to DPM Metals Inc. to enhance its corporate identity and growth potential [1][3][7]. Group 1: Acquisition Details - DPM has filed management information circulars for a special meeting on August 13, 2025, to approve the issuance of common shares for the acquisition of Adriatic Metals plc [1]. - The acquisition includes Adriatic's Vareš operation, a producing silver-lead-zinc-gold underground mine, which is expected to enhance DPM's high-margin asset portfolio [5][6]. Group 2: Strategic Rationale - The DPM Board believes the acquisition will create value through operational synergies and improved financial flexibility, supporting growth initiatives post-transaction [8][9]. - The Combined Company is anticipated to have a strong balance sheet and significant free cash flow, enabling optimized capital allocation across its mining assets in Bulgaria, Serbia, Ecuador, and Bosnia and Herzegovina [13]. Group 3: Management and Governance - The DPM Board, advised by BMO Capital Markets, considers the transaction to be in the best interest of DPM and fair from a financial perspective, recommending shareholders vote in favor of the share issuance resolution [6][8]. - The transaction is expected to enhance DPM's ability to develop its Čoka Rakita Project in Serbia by integrating experienced personnel from Adriatic [13]. Group 4: Name Change and Market Position - The proposed name change to DPM Metals Inc. aims to better reflect the company's focus on precious metals and improve its market profile [3][7]. - The transaction is expected to increase scale and liquidity, enhancing market relevance and potentially leading to a re-rating of DPM's common shares [13].