Pasinex Resources (PSXRF) has completed the sale of approximately 525 dry metric tonnes (DMT) of high‑grade zinc sulphide material from its Horzum A.S. subsidiary in Türkiye to an international buyer, finalizing a tender process launched on August 6, 2026.
The lot averaged assays of 46.2% zinc, 228 ppm Germanium, 86.0 g/t silver and 25.4% sulphur. Using September reference prices, the company calculates a purely theoretical contained metal value of about US$4,300 per DMT (US$1,843 zinc, US$2,280 Germanium, US$177 silver), while stressing this is not an estimate of revenue or profit and that realizable value is lower.
At the Pinargozu mine, production is starting on 9 levels, on-site stockpiles have reached roughly 110 tonnes of zinc sulphide and 125 tonnes of zinc oxide, and about 125 tonnes of oxide are being prepared for a September/October sale with monthly oxide sales forecast. The operation has recorded 605 lost-time-free days and about 75,464 lost-time-free man-hours.
Pasinex Resources (PSXRF) reported unaudited first quarter 2026 results, its first full period consolidating 100% interests in Turkish subsidiaries Horzum and Aydin Teknik. For the three months ended June 30, 2026, the company generated revenue of C$223,650, all from its Turkish zinc operations, and mine operating income of C$13,553.
Pasinex recorded a consolidated net loss of C$745,023, versus C$282,935 a year earlier, largely due to higher general and administrative costs after the acquisitions. Net cash used in operating activities rose to C$1,534,257. As at June 30, 2026, cash was C$820,715, total assets C$8.43 million, total liabilities C$4.95 million and shareholders’ equity C$3.48 million.
Horzum mined 587 wet tonnes of zinc product in the quarter, up from 280 tonnes in 2025. The company completed the final tranche of a private placement for total gross proceeds of C$2,014,880, and 6,875,000 options were exercised for additional proceeds of C$275,000. Post‑quarter, Pasinex advanced underground drilling at Sarikaya and development drifts at Pinargozu.
Pasinex Resources (OTCQB: PSXRF) launched a tender for approximately 500 DMT (±10%) of high-grade (~46%) zinc sulphide material from its wholly owned Pinargozu mine in Türkiye, offered for export on an FOB Mersin Port basis. Assays for the current lot show 46.2% zinc, 228 ppm germanium and 86.0 g/t silver, compared with a January sale at 50.15% zinc, 272 ppm germanium and 95.1 g/t silver.
Pasinex is targeting buyers able to recognize the value of contained germanium and silver, while external initiatives in Canada, the US and Far East may broaden processing options. Underground development at Pinargozu has advanced the +410 project to 65 m and the T1 drift to 33 m, with exploration raises ongoing. At Sarikaya, the first underground diamond drill hole SUD-001 has reached 154.5 m, supported by mapping, soil sampling (57 of 318 samples collected) and new core facilities. Recent reports note no lost-time accidents or adverse environmental findings, and operational priorities emphasize additional working areas, recruitment and a stronger marketing strategy for zinc, germanium and silver.
Pasinex Resources (OTC: PSXRF) reported audited results for the fifteen-month period ended March 31, 2026, reflecting a transitional year marked by major acquisitions and balance sheet changes. Revenue was C$1,000,809, all from Horzum after it became a wholly owned subsidiary, while the consolidated net loss widened to C$5,756,253 (C$0.032 per share).
According to Pasinex, 2025 was transformational as it acquired the remaining 50% of Horzum, gaining full control of the producing Pinargozu zinc mine, and bought Aydin Teknik, holder of the Sarikaya lead-zinc licence, for US$2.6 million. Total assets rose to C$8.8 million and shareholders’ equity moved from a C$1.3 million deficiency to positive C$3.6 million, helped by reducing shareholder loans to C$1.9 million and settling about C$5.5 million of debt via issuing roughly 62.2 million shares.
Subsequent to period end, Pasinex closed an oversubscribed private placement for C$2,014,880 and received C$275,000 from the exercise of 6,875,000 stock options.