Financings

Pasinex Provides Corporate Update: Completion of Sarlkaya Acquisition, AGM, New Board Member and Financing

By The Northwire Desk — AI Analysis Oct 01, 2025 · 07:30 PSE · 0.08 Pasinex Resources Limited

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Pasinex Resources completed the acquisition of the Sarikaya zinc project in Türkiye, gaining 100% control of both Pinargozu and Sarikaya operations.
The company announced a change of its fiscal year‑end to March 31 to align with industry peers and will file a transitional 15‑month audited report covering Jan 1 2025 – Mar 31 2026.
A private placement financing is more than half subscribed (CAD $1.2 M of CAD $2.15 M) and expected to close soon; net proceeds will fund Sarikaya development and general corporate purposes.

Sarıkaya Acquisition Completion
Pasinex Arama ve Madencilik A.S. acquired all outstanding shares of Aydin Teknik, becoming the sole shareholder.
Shares transferred subject to a USD $2,000,000 pledge in favour of sellers.
Sarikaya hosts 30‑50% high‑grade carbonate‑hosted zinc mineralization; near‑surface zones are directly mineable with minimal processing and have exploration upside.
Financial Year‑End Change
FY end moved from Dec 31 to Mar 31, effective for the transitional period Jan 1 2025 – Mar 31 2026.
Pasinex will file a 15‑month audited financial report covering this period; subsequent FY will run Apr 1 2026 – Mar 31 2027.
Board Nomination & AGM
Dr. Mehmet Kömürcü (Dentons partner) nominated for election to the Board at the AGM.
AGM scheduled for Nov 21 2025, 11:00 a.m. ET, Toronto; record date set for Oct 17 2025.
Private Placement Financing Update
Offering size: CAD $2.15 million.
Subscriptions received to date: > CAD $1.2 million.
Offering remains open; expected close in coming weeks.
Net proceeds earmarked for Sarikaya project development and general corporate purposes.
Stock Option Grant
Aggregate of 2,500,000 stock options granted on Sep 26 2025 to directors, officers, and key employees.
Options vest immediately, exercisable at $0.075 per share, expiring five years from grant date.

Larry Seeley, Executive Chairman:

“These past few months have been transformative for Pasinex… With the completion of the Sarikaya acquisition, we now control two zinc projects in Türkiye with complementary profiles… The private placement is progressing well… Together, these developments position us for disciplined growth and a productive year ahead.”

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