Pasinex Resources Limited Financial Results Announcement
Toronto, Nov. 21, 2025 — Pasinex Resources Limited (CSE: PSE) (FSE: PNX) has released significant financial results for the three and nine months ended September 30, 2025, along with a corporate update that sheds light on the current operations and future prospects of the company.
Financial Performance Overview
In the third quarter of 2025, Pasinex recorded a net income of $42,989. However, for the nine-month period, the company reported a net loss of $1,128,423. This is a notable increase compared to previous fiscal year figures, which showed a loss of $0.3 million for the same duration in 2024. The increased losses are primarily attributed to an equity loss reported in 2025, whereas 2024 evidenced an equity gain. Additionally, higher general and administrative costs contributed to these losses, stemming from increased legal expenses and interest charges.
Key Highlights from Financial Statements
During this period, Pasinex experienced various factors impacting its financial standing:
- The equity loss was a significant contributor to the overall net loss, marking a stark contrast to the gains of the previous year.
- Despite the net losses, operational efforts focused on reducing exploration costs have shown positive results.
- The financial statements and management insights are available for review on SEDAR+.
Recent Developments within Pasinex Resources
Recent corporate activity underscores significant growth:
Share Transfer and Settlement Agreement
On September 11, 2025, Pasinex signed a Share Transfer and Settlement Agreement with Kurmel Holding for acquiring its 50% stake in Horzum A.?. This agreement awaits approval from Türkiye's mining authorities, which, once finalized, will grant Pasinex Arama full ownership of Horzum A.?., thereby controlling key mining licenses.
Ownership of the Sarikaya Project
A new milestone was marked on September 15, 2025, with Pasinex obtaining a 100% share ownership in the Sarikaya project, reflecting the company’s strategic acquisition strategy in high-potential territories.
Corporate Updates and Stock Options
Effective September 26, 2025, Pasinex awarded stock options, a move designed to align the interests of directors and key employees with those of shareholders. This act demonstrates the company's commitment to long-term value creation.
Management Commentary on Future Growth
Dr. Larry Seeley, Executive Chair, expressed optimism about the company's trajectory, citing the full ownership of Horzum and the Sarikaya acquisition as means to enhance shareholder value. Dr. Seeley emphasized plans for advancing operations at both sites, with financing strategies set for early 2026.
Market Outlook for Pasinex Resources
Pasinex is strategically crafting a robust zinc mining enterprise through the acquisition of high-grade deposits, particularly in Türkiye and Nevada. The company identifies Türkiye as a leading location for zinc exploration, offering considerable resource value and sustainable mining conditions. This aligns with the rising global demand for zinc, crucial for various applications and environmentally-friendly technologies.
Frequently Asked Questions
What were the financial highlights for Pasinex in Q3 2025?
Pasinex recorded a net income of $42,989 for the third quarter and a net loss of $1,128,423 for the nine months.
What recent agreements has Pasinex entered into?
Pasinex recently signed a Share Transfer and Settlement Agreement to acquire full ownership of Horzum A.?. and finalized ownership of the Sarikaya project.
How does Pasinex plan to support shareholder value?
The management is focusing on strategic acquisitions and development plans to enhance operational efficiency and profitability.
What are the company's future financing plans?
Pasinex plans to pursue additional financing by early 2026 to support expansion at its mining operations.
What is the significance of zinc in the current market?
Zinc is increasingly recognized for its essential role in various industries, contributing to growing demand and market potential.
