Pasinex Resources Announces Private Placement and Operational Updates

Pasinex Resources Limited has launched a non-brokered private placement aiming to raise approximately CDN $1,500,000. The offering consists of units priced at CDN $0.10 each, with current investor commitments nearing CDN $1,100,000. The funds will support exploration and development at Sarikaya, enhance mining operations at Pinargozu, and cover general working capital.

The offering, anticipated to close by March 31, 2026, involves approximately 15,000,000 units offered to accredited investors. Each unit includes one common share and a warrant for half a common share, exercisable at CDN $0.15 within 24 months. This follows a debt conversion of CDN $3,340,520 by Pasinex's principal debt holders under similar terms.

On the operational front, significant infrastructure upgrades continue at Pinargozu with no reported incidents. The company also finalized several board and management appointments for its Turkish subsidiaries to unify operations and governance as it progresses in production and development.