Pasinex Resources Limited reported a net income of $42,989 for the three months ended September 30, 2025, and a loss of $1,128,423 for the nine months ended on the same date. The company recorded an increase in net loss due to higher general and administration costs, offset by lower exploration costs and a gain on net monetary position.
On September 11, 2025, Pasinex signed a Share Transfer and Settlement Agreement with Kurmel Holding to acquire a 50% shareholding in Horzum A.Ş. Completion is subject to approval by Türkiye’s General Directorate of Mining and Petroleum Affairs. The agreement includes the transfer of equipment, land parcels, and production-linked payments.
Pasinex Arama signed an Addendum to the Option Agreement with Aydın Teknik on September 15, 2025. This agreement triggers the transfer of 100% of the shares of Aydın Teknik to Pasinex Arama, subject to approval by MAPEG. A pledge of $2,000,000 was placed over the shares, with the balance to be paid in staged installments through June 30, 2027.
Pasinex granted 2,500,000 stock options to directors, officers, and key employees on September 26, 2025. The stock options vest immediately, are exercisable at $0.075 per share, and expire five years from the date of grant. Pasinex also announced changes to its financial year end and upcoming Annual General Meeting.
Dr. Larry Seeley, Executive Chair of Pasinex, highlighted the company’s progress in acquiring high-grade zinc deposits in Türkiye and Nevada. Pasinex aims to become cash flow positive within the next two years and is focused on building a zinc mining company step by step through strategic acquisitions and development plans.
Pasinex Resources Limited is a zinc-focused mining company based in Toronto, Canada. The company owns and operates the Pinargozu high-grade zinc mine in Türkiye, the Sarıkaya Group IV lead-zinc operating license, and holds a 51% interest in the Gunman Project in Nevada. Pasinex’s mission is to explore and extract high-grade ore while maintaining high standards of safety and environmental responsibility.
Read more at GlobeNewswire: Pasinex Announces Q3 2025 Financial Results and Provides