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Pasinex Announces Closing of Shares for Debt Settlement
Globenewswire· 2025-07-10 11:00
TORONTO, July 10, 2025 (GLOBE NEWSWIRE) -- Pasinex Resources Limited (CSE: PSE) (FSE: PNX) ("Pasinex" or the "Company") today announced that it has issued 28,766,306 common shares to certain of its creditors (the “Settlement Shares”) in exchange for outstanding debt (the “Shares for Debt Transaction”) in the aggregate amount of C$2,157,473 (the “Debt”) owing to 1514341 Ontario Inc. (”151 Ontario”), Seeley Holdings Ltd., Joachim Rainer (“Rainer”), other vendors and directors. The Settlement Shares are being ...
Osisko Metals Infill and Expansion Drilling Intersects New Wide Mineralization at Gaspé Copper
Globenewswire· 2025-07-10 10:00
Core Insights - Osisko Metals has announced significant new drill results from the Gaspé Copper Project, confirming the large-scale potential of mineralization in the area [2][3] - The company is actively expanding its drilling program, now utilizing nine drill rigs to accelerate resource definition and expansion [3] Drill Results - Drill hole 30-1090 intersected 279.0 metres averaging 0.49% Cu and 3.35 g/t Ag, with a notable second intercept of 108 metres averaging 0.84% Cu and 7.79 g/t Ag [8][9] - Other significant results include: - Drill hole 30-1078: 256.5 metres averaging 0.25% Cu and 1.79 g/t Ag, and 381.0 metres averaging 0.22% Cu and 1.69 g/t Ag [10] - Drill hole 30-1079: 319.5 metres averaging 0.28% Cu and 2.14 g/t Ag, and 180.0 metres averaging 0.37% Cu and 2.54 g/t Ag [11] - Drill hole 30-1081: 301.8 metres averaging 0.41% Cu and 3.36 g/t Ag, and 44.5 metres averaging 0.23% Cu and 1.32 g/t Ag [12] - Drill hole 30-1084: 471.4 metres averaging 0.25% Cu and 1.95 g/t Ag, followed by 55.4 metres averaging 0.33% Cu and 2.64 g/t Ag, and 89.7 metres averaging 0.29% Cu and 1.93 g/t Ag [13] - Drill hole 30-1080: 520.5 metres averaging 0.23% Cu and 1.02 g/t Ag, and 195.0 metres averaging 0.26% Cu and 1.28 g/t Ag [14] Project Overview - The Gaspé Copper Project is located in the Gaspé Peninsula of Eastern Québec and is focused on resource expansion [2][24] - The current Indicated Mineral Resources are 824 million tonnes averaging 0.34% CuEq, while Inferred Mineral Resources are 670 million tonnes averaging 0.38% CuEq [24] - The project is strategically located near existing infrastructure in a mining-friendly province [24] Future Plans - The ongoing drill program aims to convert the November 2024 Mineral Resource Estimate (MRE) to Measured and Indicated categories and to test for further expansion of the mineralization [17][19] - The next MRE update is scheduled for Q1 2026, which will include new mineralized intersections below the current MRE model [19]
Pasinex Announces 2024 Annual and 2025, Q1 Financial Results
Globenewswire· 2025-07-02 11:00
TORONTO, July 02, 2025 (GLOBE NEWSWIRE) -- Pasinex Resources Limited (CSE: PSE) (FSE: PNX) ("Pasinex" or the "Company") today announced financial results for the year ended December 31, 2024, and the first quarter ended March 31, 2025. The financial statements, management's discussion and analysis (MD&A), and related certifications are available on SEDAR+. The Company also announced that effective June 27, 2025, its principal regulator, the British Columbia Securities Commission ("BCSC"), has revoked its fa ...
铅锌日评:沪铅宽幅整理,沪锌反弹空间有限-20250618
Hong Yuan Qi Huo· 2025-06-18 01:33
祁玉蓉(F03100031, Z0021060),联系电话:010-8229 5006 | 2025/6/18 指标 单位 今值 变动 近期趋势 | | | | | --- | --- | --- | --- | | 16,725.00 -0.15% SMM1#铅锭平均价格 元/吨 | | | | | 沪铅期现价格 期货主力合约收盘价 元/吨 16,860.00 -0.71% | | | | | 沪铅基差 元/吨 -135.00 95.00 | | | | | 元/吨 -30.00 - 升贴水-上海 | | | | | 升贴水-LME 0-3 美元/吨 -33.19 -3.43 | | | | | 升贴水-LME 3-15 美元/吨 -65.50 -1.40 价差 沪铅近月-沪铅连一 元/吨 -20.00 30.00 | | | | | 沪铅连一-沪铅连二 元/吨 5.00 5.00 | | | | | 铅 沪铅连二-沪铅连三 元/吨 - -5.00 | | | | | 期货活跃合约成交量 手 29,996.00 -0.81% | | | | | 成交持仓 期货活跃合约持仓量 手 41,457.00 -1.4 ...
铅锌日评:或有反弹-20250605
Hong Yuan Qi Huo· 2025-06-05 05:13
| 铅锌日评20250605:或有反弹 | 指标 | 2025/6/5 | 单位 | 今值 | 变动 | 近期趋势 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 元/吨 | 16,425.00 | 0.31% | SMM1#铅锭平均价格 | 沪铅期现价格 | 元/吨 | 16,670.00 | 0.60% | 期货主力合约收盘价 | | 元/吨 | -245.00 | -50.00 | 沪铅基差 | 升贴水-上海 | 元/吨 | -15.00 | 5.00 | | | 美元/吨 | -21.98 | -2.26 | 升贴水-LME 0-3 | 美元/吨 | -59.90 | -3.60 | 升贴水-LME 3-15 | 价差 | | 元/吨 | -50.00 | -10.00 | 沪铅近月-沪铅连一 | 元/吨 | 5.00 | 5.00 | 沪铅连一-沪铅连二 | 铅 | | 元/吨 | 10.00 | -5.00 | 沪铅连二-沪铅连三 | 手 | 35,010.00 | 22.67% | 期货活跃合约成交量 | | | 成 ...
Titan Launches Processing Facility for U.S. Natural Flake Graphite Production in New York
Globenewswire· 2025-05-20 10:00
First U.S.-Sourced and Processed Natural Graphite Since 1956 to Support National Security and Supply Chain Resilience VANCOUVER, British Columbia, May 20, 2025 (GLOBE NEWSWIRE) -- Titan Mining Corporation (TSX: TI, OTCQB: TIMCF) ("Titan" or the "Company") is pleased to announce the launch of construction of its fully permitted commercial demonstration facility (the "Facility") for natural flake graphite, co-located at its Empire State Mine ("ESM") in St. Lawrence County, New York. This milestone will enable ...
Pasinex Announces Issuance of Failure to File Cease Trade Order
Globenewswire· 2025-05-08 11:30
Core Viewpoint - Pasinex Resources Limited has received a Failure to File Cease Trade Order from the British Columbia Securities Commission due to delays in filing its audited annual consolidated financial statements for the year ended December 31, 2024 [1][2] Group 1: Regulatory Actions - The Failure to File Cease Trade Order (FFCTO) prohibits trading of the Company's securities in Canada, including common shares on the Canadian Securities Exchange [1] - The FFCTO was issued because the Required Documents, including the audited financial statements and Management's Discussion and Analysis, were due by April 30, 2025, but were not filed on time [2] Group 2: Reasons for Delay - The delay in filing is attributed to internal changes, including the resignation of the Chief Financial Officer in late 2024 and the appointment of a new auditor and CFO in early 2025 [3] - Changes in leadership and component auditors at Pasinex AŞ, the Company's Turkish subsidiary, have also contributed to the delays in completing the audit [3] Group 3: Company Response - The Company is actively working with its accounting staff and external auditors to complete the audit and expects to file the Required Documents shortly [4] - The FFCTO will remain in effect until the Required Documents are filed, and the Company has confirmed that the order will be lifted promptly upon completion of these filings [4] Group 4: Company Overview - Pasinex Resources Limited is focused on developing a profitable zinc mining operation, with high-grade zinc deposits in Türkiye (25% to 50% zinc) and Nevada (14% to 24% zinc) [5] - Over the past decade, the joint venture in Türkiye has produced over 160 million pounds of zinc, generating more than $125 million CAD in sales from mining over 200,000 tonnes of ore with grades between 30% and 50% zinc [5] - The Company is advancing high-grade zinc properties, such as Sarikaya, and holds a 51% interest in the Gunman Project in Nevada [5]
Nexa Resources Reports Net Income and Resilient 1Q25 Performance
Newsfile· 2025-04-29 20:17
Financial Performance - Nexa Resources reported a net income of US$29 million in 1Q25, reversing a net loss of US$12 million in 1Q24 and US$111 million in 4Q24, reflecting improved operating income and favorable foreign exchange impacts [2][3] - Adjusted EBITDA for 1Q25 was US$125 million, slightly down from US$128 million in 1Q24 and US$197 million in 4Q24, primarily due to higher costs and lower smelting sales volume [3] - Net revenues in 1Q25 were US$627 million, an 8% increase from US$580 million in 1Q24, driven by higher LME metal prices for zinc and copper, despite lower smelting sales volume [4] Operational Challenges - The company faced operational challenges due to atypical rainfall in Pasco and extreme precipitation in Aripuanã, impacting production stability [3][8] - Treated ore volume in the mining segment decreased by 10% year-over-year and 9% quarter-over-quarter, reflecting operational difficulties across multiple sites [7] - Zinc production in 1Q25 totaled 67kt, down 23% from 1Q24, primarily due to lower output across all units except Atacocha [10] Capital Expenditure and Strategy - CAPEX in 1Q25 totaled US$50 million, focused on sustaining investments, with full-year guidance remaining unchanged at US$347 million [5] - Nexa executed a US$500 million bond issuance in early April 2025 as part of a liability management strategy to extend debt maturity and optimize capital structure [6] - The company is advancing the Cerro Pasco Integration Project, aimed at improving operational efficiency and extending the life of the mining complex, with construction expected to begin in 2Q25 [15] Production and Sales - Zinc metal and oxide production totaled 133kt in 1Q25, representing a 4% decrease year-over-year and 12% compared to 4Q24 [12] - Zinc metal and oxide sales reached 130kt in the quarter, down 6% from 1Q24 and 14% from 4Q24, primarily due to lower production volumes [13] - Copper production in 1Q25 totaled 8kt, up 2% year-over-year, while lead production decreased by 31% year-over-year [11] ESG and Corporate Highlights - Nexa introduced its first fleet of hybrid loaders for underground mining in Peru, supporting its decarbonization strategy [16] - The company published its 2024 Annual Sustainability Report, highlighting environmental, social, and financial achievements [19] - Moody's affirmed Nexa's 'Ba2' rating and revised the outlook from 'negative' to 'stable', while S&P reaffirmed its 'BBB-' investment grade rating with a stable outlook [19]