DynaResource gains $4M tax refund, $24.9M outstanding
DynaResource’s Mexican subsidiary received about US$4.0 million in cash from approved IVA tax credits, while a significantly larger IVA receivable balance remains under review.
Rhea-AI Filing Summary
DynaResource, Inc. (DYNR) reported that its wholly owned Mexican subsidiary, DynaResource de México, received a cash refund of MXN 69.5 million (~US$4.0 million) on September 2, 2026 from Mexico’s tax authority, Servicio de Administración Tributaria (SAT), for value-added tax (IVA) credits covering January 1 through June 30, 2025. SAT issued a final resolution approving MXN 75.0 million (~US$4.4 million) of IVA credits for that period, with the balance settled through administrative adjustments rather than cash. As of July 31, 2026, DynaMéxico’s total outstanding IVA receivables were MXN 500 million (~US$29.3 million), inclusive of this resolved amount; following this recovery, approximately MXN 425 million (~US$24.9 million) remains outstanding and will be pursued through separate refund applications and SAT review and audit procedures. The company notes that the cash received is subject to success-based advisory fees and related recovery costs and states that there can be no assurance regarding the timing or amount of any additional IVA refunds.
Positive
- MXN 69.5 million (~US$4.0 million) IVA cash refund was received by DynaResource’s Mexican subsidiary from SAT, improving liquidity and confirming approval of MXN 75.0 million (~US$4.4 million) of tax credits for the first half of 2025.
Negative
- DynaMéxico still has a large outstanding IVA receivable of approximately MXN 425 million (~US$24.9 million), and the company discloses there is no assurance as to the timing or amount of any future refunds.
8-K Event Classification
Key Figures
Key Terms
value-added tax regulatory
IVA credits financial
Servicio de Administración Tributaria regulatory
forward-looking statements regulatory
FAQ
What tax refund did DynaResource (DYNR) announce receiving in Mexico?
How much IVA credit did SAT approve for DynaResource (DYNR) for early 2025?
What is the total outstanding IVA receivable balance for DynaResource (DYNR)?
Are there guarantees of future IVA refunds for DynaResource (DYNR)?
Will DynaResource (DYNR) keep the full MXN 69.5 million IVA cash refund?
What business does DynaResource (DYNR) operate in Mexico?
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events.
On September 4, 2026, DynaResource, Inc. issued a press release reporting the receipt by its wholly-owned Mexican operating
subsidiary, DynaResource de México, S.A. de C.V. of a US$4.0 million refund from Mexico’s Servicio de Administración Tributaria
in relation to certain outstanding value-added tax credits. A copy of the press release is attached to this Current Report on Form 8-K as
Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
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Description |
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Press Release issued on September 4, 2026. |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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DYNARESOURCE, INC. |
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September 4, 2026 |
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/s/ Rohan Hazelton |
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Rohan Hazelton, Chief Executive Officer |
OTCQX: DYNR WWW.DYNARESOURCE.COM
DynaResource Receives US$4.0 Million in IVA Tax Refund
IRVING, TX / September 4, 2026 / DYNR-DynaResource, Inc. (OTCQX:DYNR) (“DynaResource”, or “the Company”) is pleased to announce that its wholly-owned Mexican operating subsidiary, DynaResource de México, S.A. de C.V. (“DynaMéxico”), has received MXN $69.5 million (~US$4.0 million) in cash from Mexico’s Servicio de Administración Tributaria (“SAT”) in relation to the recovery of outstanding value-added tax (“IVA”) credits.
The payment follows the final resolution from SAT approving MXN $75.0 million (~US$4.4 million) of IVA credits for the period from January 1 through June 30, 2025. Of the total amount approved, MXN $69.5 million was received in cash on September 2, 2026, with the remaining balance settled through administrative adjustments made by SAT. The cash proceeds received remain subject to applicable success-based advisory fees and other costs associated with the recovery process.
As of July 31, 2026, DynaMéxico’s outstanding IVA receivables totaled MXN $500 million (~US29.3 million), inclusive of the MXN $75.0 million resolution. Following this recovery, approximately MXN $425 million (~US$24.9 million) remains outstanding and is subject to separate refund applications and SAT review and audit procedures, as applicable.
“The receipt of our first IVA refund proceeds since 2023 marks an important milestone for the Company and represents meaningful progress in our ongoing efforts to recover the substantial outstanding IVA receivables balance owed to DynaMéxico," said Rohan Hazelton, CEO of DynaResource. “We appreciate SAT’s engagement throughout the process and remain focused on pursuing recovery of the remaining IVA receivables. I would also like to thank the dedication of the company’s finance team. We are hopeful that this initial recovery will begin to unlock the remaining five years’ worth of IVA credits which total more than US$25 million, including recent activity.”
Background
Under Mexican law, businesses may request refunds of creditable IVA incurred in connection with taxable or zero-rated business activities. Each refund request is subject to SAT review and may include requests for supporting documentation and/or audit procedures. The resolution and related payment announced today relate specifically to DynaMéxico 's IVA credits for January through June 2025. DynaMéxico 's remaining outstanding IVA receivables are subject to a separate review process, and there can be no assurance as to the timing or amount of any future refunds.
On behalf of the Board of Directors of DynaResource, Inc.
Rohan Hazelton
President & CEO
About DynaResource
DynaResource is a junior gold mining producer trading on the OTCQX under the symbol “DYNR”. DynaResource is actively mining and expanding the historic San Jose de Gracia gold mining district in Sinaloa, Mexico.
For More Information on DynaResource, Inc. please visit www.dynaresource.com, or contact:
Investor Relations:
Katherine Pryde
Investor Relations Manager
+1 972-869-9400
info@dynaresource.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This news release contains forward-looking statements within the meaning of Section 27 A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
Certain information contained in this news release, including any information relating to future financial or operating performance may be deemed “forward-looking”. All statements in this news release, other than statements of historical fact, that address events or developments that DynaResource expects to occur, are “forward-looking information”. These statements relate to future events or future performance and reflect the Company’s expectations regarding the future growth, results of operations, business prospects and opportunities of DynaResource. These forward-looking statements reflect the Company’s current internal projections, expectations or beliefs and are based on information currently available to DynaResource. In some cases, forward-looking information can be identified by terminology such as “may”, “will”, “should”, “expect”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “projects”, “potential”, “scheduled”, “forecast”, “budget” or the negative of those terms or other comparable terminology. Certain assumptions have been made regarding the Company’s plans at the San Jose de Gràcia property. Many of these assumptions are based on factors and events that are not within the control of DynaResource and there is no assurance they will prove to be correct. Such factors include, without limitation: capital requirements, fluctuations in the international currency markets and in the rates of exchange of the currencies of the United States and México; price volatility in the spot and forward markets for commodities; discrepancies between actual and estimated production, between actual and estimated reserves and resources and between actual and estimated metallurgical recoveries; changes in national and local governments in any country which DynaResource currently or may in the future carry on business; taxation; controls; regulations and political or economic developments in the countries in which DynaResource does or may carry on business; the speculative nature of mineral exploration and development, including the risks of obtaining necessary licenses and permits, diminishing quantities or grades of reserves; competition; loss of key employees; additional funding requirements; actual results of current exploration or reclamation activities; changes in project parameters as plans continue to be refined; accidents; labor disputes; defective title to mineral claims or property or contests over claims to mineral properties. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion losses (and the risk of inadequate insurance or inability to obtain insurance, to cover these risks) as well as those risks referenced in the Annual Report on Form 10-K for DynaResource available at www.sec.gov. Forward-looking information is not a guarantee of future performance and actual results, and future events could differ materially from those discussed in the forward-looking information. All of the forward-looking information contained in this news release is qualified by these cautionary statements. Although DynaResource believes that the forward-looking information contained in this news release is based on reasonable assumptions, readers
cannot be assured that actual results will be consistent with such statements. Accordingly, readers are cautioned against placing undue reliance on forward-looking information. DynaResource expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, events or otherwise.