Tinka Resrcs Ltd Stock Price, News & Analysis

Tinka Resources (OTCQB: TKRFF) has acquired a 5% carried interest in Midad Al Mona Mining Company, which holds the Huwaymidan gold exploration property in Saudi Arabia. The 34 km² property, located 300 km east of Jeddah, was secured through a successful Round 6 exploration license auction.

The property shows promising potential with historic trench sampling yielding up to 10 g/t gold over 2.5 metres within a 1 km strike zone. Tinka's Saudi partner will fully fund operations for the first two years, with exploration set to begin in September 2025. The company will provide technical expertise and receive consulting fees capped at US$250K over 2 years.

The project is strategically located near significant gold deposits, including Ar Rjum (~3.9 Moz Au) and Mansourrah-Masarah (~7.5 Moz Au).

Tinka Resources (OTCQB: TKRFF) has received authorization from Peru's Ministry of Energy and Mines to begin drilling at its 100%-owned Silvia gold-copper property. The property, acquired from BHP in 2021, is strategically located 100 km south of the Antamina copper mine in central Peru.

The Silvia NW target features three mineralized areas spanning a 4 km trend, with Area A showing exceptional results including trench samples of 46 metres @ 1.9 g/t gold and 0.8% copper. The company plans a 1,500-metre diamond drill program for Q4 2025, subject to funding. The property spans 10,906 hectares and includes a drill permit for up to 40 platforms covering approximately 4 km².

Tinka Resources (TSXV: TK) (OTCQB: TKRFF) has announced its voluntary delisting from the Bolsa de Valores de Lima (BVL), also known as the Lima Stock Exchange. The company's shares will continue trading on the TSX Venture Exchange under 'TK' and on the OTCQB under 'TKRFF'.

Lima-based stock broker Kallpa Securities Sociedad Agente de Bolsa has ceased its role as the company's sponsor on the BVL. The official delisting process is expected to complete in approximately 60 business days.

Tinka Resources (TSXV: TK, OTCQB: TKRFF) held its Annual General and Special Meeting of Shareholders on March 26, 2025, with 43.00% of outstanding shares represented. Key approvals included:

• Election of six board members after Pieter Britz's withdrawal
• Ratification of stock option plan allowing grants up to 10% of issued shares
• Appointment of D&H Group LLP as auditors

Notably, disinterested shareholders approved both Nexa Resources S.A. and Compañia de Minas Buenaventura SAA to potentially become new 'Control Persons' if they exercise their warrants or participate in future financings that would increase their shareholdings to 20% or more, subject to TSX Venture Exchange approval.

Tinka Resources (TSXV:TK, BVL:TK, OTCQB:TKRFF) announced the immediate resignation of Mr. Pieter Britz from its Board of Directors. Britz, who joined the company in January 2018 as a Sentient Resources nominee, has withdrawn his nomination for the upcoming March 26, 2025 annual general and special meeting of shareholders.

The resignation is attributed to Britz's need to focus on his ongoing work commitments related to the management of Sentient Resources funds and associated investments. The Board and management expressed gratitude for Britz's valuable contributions during his tenure since 2018.

Tinka Resources (TSXV:TK, OTCQB:TKRFF) has announced the cancellation of additional closings of its previously announced non-brokered private placement. The company has initiated a strategic review process with a financial advisor to evaluate potential strategic alternatives aimed at maximizing shareholder value.

The company has temporarily deferred planned drilling activities at its Ayawilca project during the review process. CEO Graham Carman highlighted Ayawilca's attractiveness, citing its mineral resource grade, scale, and strong economics based on the 2024 Preliminary Economic Assessment.

No specific timeline has been set for the strategic review process, and there is no guarantee that it will result in any transaction. The company will only provide updates when deemed necessary or appropriate.

Tinka Resources (TSXV:TK, OTCQB:TKRFF) has received approval from TSX Venture Exchange to extend the closing of its non-brokered private placement financing to February 4, 2025. The offering consists of up to 50,000,000 units at C$0.10 per unit for gross proceeds of up to C$5,000,000.

The company has already completed the First Tranche on December 17, 2024, issuing 17,392,958 units for gross proceeds of C$1,739,296. Each unit includes one common share and one-half warrant, with each full warrant exercisable at C$0.15 for 18 months.

Proceeds will fund approximately 4,000 metres of drilling at the East Ayawilca zinc-silver-lead area, exploration at the Silvia copper-gold property, and working capital. Securities issued have a four-month hold period expiring April 18, 2025.

Tinka Resources (TKRFF) announced the closing of the first tranche of its non-brokered private placement, raising C$1,739,296 through the issuance of 17,392,958 units at C$0.10 per unit. Each unit includes one common share and half a warrant exercisable at C$0.15 for 18 months.

Major shareholders Nexa Resources and Buenaventura increased their stakes, each reaching 19.9% ownership. Nexa subscribed for 9,859,155 units (C$985,915), while Buenaventura acquired 5,633,803 units (C$563,380). Company directors also participated, purchasing 1,700,000 units collectively.

Proceeds will fund a 4,000-metre drilling program at East Ayawilca zinc-silver-lead area, exploration at Silvia copper-gold property, and working capital. A second tranche is planned for January 2025.

Nexa Resources (NYSE: NEXA) has increased its equity stake in Tinka Resources through a non-brokered private placement. Nexa acquired 9,859,155 units at C$0.10 per unit, totaling C$985,915.50 (US$700,000). Each unit includes one common share and half a warrant, with each whole warrant allowing purchase of one additional share at C$0.15 within 18 months.

Following this transaction, Nexa's ownership in Tinka increased from 18.23% to 19.86% (81,202,208 shares), plus 4,929,577 warrants representing 56.68% of outstanding warrants. Nexa's warrant exercise is restricted to maintain ownership below 19.99% unless approved by TSXV and Tinka's shareholders.