Welcome to our dedicated page for Tinka Resrcs news (Ticker: TKRFF), a resource for investors and traders seeking the latest updates and insights on Tinka Resrcs stock.
Tinka Resources Limited (OTCQB: TKRFF; TSXV: TK) is an exploration and development company focused on base and precious metals projects, and its news flow reflects this exploration-driven profile. Company announcements frequently highlight technical and corporate milestones at its flagship Ayawilca zinc-silver-tin project in central Peru, the nearby Silvia gold-copper project, and the Huwaymidan gold property in Saudi Arabia, where Tinka holds a minority interest.
Readers of the TKRFF news page can expect updates on exploration permits, trench and rock sampling programs, geophysical surveys, and drill campaigns. For Ayawilca, releases often reference mineral resource estimates and the NI 43-101 Preliminary Economic Assessment, as well as corporate decisions such as strategic reviews that may influence the project’s future. At Silvia, news items describe regulatory authorizations to commence drilling, descriptions of target areas, and prior surface sampling and geophysical work that define gold-copper targets.
For the Huwaymidan gold project in Saudi Arabia, Tinka’s news covers acquisition terms for its carried interest, surface sampling results, ground magnetic surveys, and the completion of reconnaissance reverse circulation drilling programs. Corporate and capital markets updates also appear regularly, including private placement financings, participation by strategic shareholders, engagement of market making services, and decisions regarding stock exchange listings.
Investors and followers of TKRFF can use this news feed to monitor how Tinka advances its exploration portfolio, manages financing, and reports on technical progress across Peru and Saudi Arabia. Bookmark this page to review company-issued disclosures and track how new exploration data, permitting steps, and corporate decisions shape the story of Tinka Resources over time.
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.
Tinka Resources has announced a non-brokered private placement offering of up to 50 million units at C$0.10 per unit to raise gross proceeds of up to C$5 million. Each unit includes one common share and half of a warrant, with each full warrant exercisable at C$0.15 for 18 months. Major shareholders Nexa Resources and Compañia de Minas Buenaventura are expected to participate to maintain their ownership levels. The proceeds will fund 4,000 metres of drilling at East Ayawilca zinc-silver-lead area, exploration at Silvia copper-gold property, and working capital.
Tinka Resources provided an update on its Ayawilca and Silvia projects in Peru. The company aims to advance the Ayawilca zinc-silver-tin project, which has demonstrated strong economic fundamentals in the 2024 Preliminary Economic Assessment (PEA). Recent geological reviews have improved confidence in the resource's geometry and identified new exploration targets.
Key targets for 2024/25 include:
- East Ayawilca: Targeting high-grade zinc.
- West Ayawilca: Extending the zinc zone.
- Silver and Tin zones: Expanding largely untested areas.
Final approvals for drilling at the Silvia Copper-Gold project are expected in the first half of 2025. Notable drill results from 2022-2023 include 38.9m @ 20% zinc and 145m @ 10.9% zinc. The 2024 PEA indicates a 21-year mine life, NPV8% of US$434 million post-tax, and a 25.9% IRR post-tax. Tinka is supported by Buenaventura and Nexa Resources. The company plans to test new targets and advance the Silvia NW copper-gold target in 2025.
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