# Dundee Precious Metals Announces Filing of Management Information Circular for Acquisition of Adriatic Metals & Name Change *2025-07-23T17:00:31-04:00* Dundee Precious Metals Announces Filing of Management Information Circular for Acquisition of Adriatic Metals & Name Change | _(Unless otherwise noted, all dollar amounts in this release are expressed in U.S dollars.) _ | | --- | TORONTO, July 23, 2025 (GLOBE NEWSWIRE) -- **Dundee Precious Metals Inc. (TSX: DPM) **(“DPM”) is pleased to announce that it has filed its management information circular and related voting materials (collectively, the “Meeting Materials”) in connection with a special meeting of shareholders (“DPM Shareholders”) to be held on August 13, 2025 (the “Meeting”). The purpose of the Meeting is to approve the issuance of DPM common shares in connection with the acquisition by DPM of Adriatic Metals plc (“Adriatic”), as previously announced on June 13, 2025 (the “Transaction”), as well as to approve a change of DPM’s name from “Dundee Precious Metals Inc.” to “DPM Metals Inc.” (the “Name Change”). “The high-quality Vareš operation is an excellent fit with our operating expertise and financial strength to develop a growth pipeline of high-margin assets. Creating a premier mining business with peer-leading growth offers a clear and compelling value proposition for all of our shareholders,” said David Rae, President and Chief Executive Officer. “Building on momentum from this combination, we are excited to announce the proposed name change to DPM Metals Inc. This is an opportunity to differentiate our precious metals business amongst the global capital markets that have already begun to recognize our exceptional growth pipeline, strong balance sheet, capital returns and operational track record.” DPM Shareholders should receive the Meeting Materials by mail shortly. The Meeting Materials can also be accessed on DPM’s website at [www.dundeeprecious.com ](http://www.dundeeprecious.com), or on DPM’s SEDAR+ profile at [www.sedarplus.ca ](http://www.sedarplus.ca). Your vote is important. DPM encourages DPM Shareholders to read the Meeting Materials in detail. To ensure that your DPM shares will be represented at the Meeting, DPM Shareholders should carefully follow the voting instructions provided in the Meeting Materials. The deadline for the receipt of proxies is 10:00 a.m. (Toronto time) on August 11, 2025. The acquisition of Adriatic and its Vareš operation in Bosnia and Herzegovina, a producing silver-lead-zinc-gold underground mine, will enhance DPM’s existing high-margin asset portfolio with peer-leading production growth and a high-quality development and exploration pipeline. **Board of Directors’ Recommendation ** The board of directors of DPM (the “DPM Board”) has been advised by BMO Capital Markets as to the financial terms of the Transaction and considers the Transaction to be in the best interest of DPM and fair to DPM from a financial point of view. The DPM Board recommends that DPM Shareholders vote **FOR **the resolution of the DPM Shareholders to approve the issuance of DPM common shares in the Transaction at the Meeting (the “Share Issuance Resolution”). The approval of the Name Change is not required for the Transaction to be implemented. However, the DPM Board recommends that DPM Shareholders vote **FOR **the resolution of the DPM Shareholders to approve the Name Change at the Meeting, to better promote DPM’s corporate identity in light of its business following completion of the Transaction. **Reasons and Benefits ** In reaching its conclusions and formulating its recommendation, the DPM Board consulted with representatives of DPM’s management team and its legal and financial advisors. The DPM Board also reviewed technical, financial and operational information relating to Adriatic and DPM and considered a number of factors and reasons, including those listed below. The following is a summary of the principal reasons for the determination of the DPM Board that the Transaction is in the best interests of DPM and fair to DPM from a financial point of view, for its reaffirmation of its initial recommendation, and for its continued recommendation that DPM Shareholders vote **FOR **the Share Issuance Resolution. - **Improved financial strength: **The DPM Board anticipates that the Transaction will result in value creation from corporate and other operational synergies and enhanced financial flexibility to support the growth initiatives of DPM following completion of the Transaction (as so constituted, the “Combined Company”). Specifically, DPM’s strong balance sheet and cash flow is expected to fund remaining ramp-up requirements at Vareš, construction capex for an additional operating mine and accelerate exploration across its expanded portfolio, thereby resulting in meaningful value creation for the Combined Company and avoiding dilution associated with large third-party financings. - **Optimized capital allocation and investme