TORONTO, Sept. 15, 2025 (GLOBE NEWSWIRE) -- Pasinex Resources Limited (CSE: PSE; FSE: PNX) (“Pasinex” or the “Company”) today announced that its Turkish subsidiary, Pasinex Arama ve Madencilik A.Ş., (“Pasinex Arama”) has signed an Addendum to the Option & Share Purchase Agreement with Abdullah Aydın, advancing Pasinex Arama toward full ownership of the Sarıkaya zinc project in Kayseri Province, Türkiye. The revised agreement provides a clear pathway to complete the share transfer of Aydın Teknik Madencilik ...

TORONTO, Sept. 11, 2025 (GLOBE NEWSWIRE) -- Pasinex Resources Limited (CSE: PSE; FSE: PNX) (“Pasinex” or the “Company”) today announced it has executed a Share Transfer and Settlement Agreement (the “Agreement”) with Kurmel Holding A.S., Akmetal Dis Ticaret Madencilik Sanayi ve Ticaret A.Ş. Akmetal Madencilik Sanayi ve Ticaret A.Ş. and Birant Kurmel (all together “Kurmel Holding”), Pasinex Arama ve Madencilik A.Ş. (“Pasinex Arama”) and Horzum Maden Arama ve İşletme A.Ş. (“Horzum A.Ş.”). Under the Agreement, ...

Core Insights - OR Royalties Inc. is experiencing positive momentum across its portfolio of development and exploration assets, with significant advancements in projects such as Cascabel, Cariboo, Marimaca MOD, Spring Valley, Dalgaranga, and Windfall [2][3][10][21][25][29] Cascabel Project - SolGold plc has outlined an updated execution plan for the Cascabel copper-gold project in Ecuador, with first production expected as early as 2028 [3] - The project will prioritize near-term cash flow through phased development, starting with the Tandayama-Ameríca open pit in January 2028, followed by underground ore from the Alpala Sub-Level Cave in Q4 2028 [3] - OR Royalties holds a 0.6% net smelter return (NSR) royalty over the entire Cascabel property and a 6% stream of contained gold produced until 225,000 ounces are delivered [8][9] Cariboo Project - Osisko Development Corp. secured a $450 million credit facility for the development of the Cariboo Gold Project, with an initial draw of $100 million already completed [10][11] - The project is fully permitted, with first gold production expected as early as the second half of 2027 [14] - OR Royalties owns a 5.0% NSR royalty on the Cariboo property [14] Marimaca MOD Project - Marimaca Copper Corp. announced a Definitive Feasibility Study (DFS) for the Marimaca Oxide Deposit, projecting steady-state production of approximately 49ktpa of copper cathode [15][16] - OR Royalties holds a 1% NSR royalty on Marimaca, covering all known resources [20] Spring Valley Project - The Spring Valley gold project is now fully-permitted and "shovel-ready," pending full project financing [21] - The project has received a Letter of Interest from the Export-Import Bank of the United States for potential financing of up to $835 million [22] - OR Royalties owns a 2.0% to 3.5% NSR royalty on the core of the Spring Valley deposit [24] Dalgaranga Project - Ramelius Resources Ltd. aims to become a 500koz gold producer by FY2030, with a new 5-Year Plan expected in December 2025 [25][26] - OR Royalties owns a 1.44% gross revenue royalty (GRR) on Dalgaranga [28] Windfall Project - Gold Fields Ltd. is progressing with the environmental permitting process for the Windfall gold project, with final permits expected in Q1 2026 [30][31] - OR Royalties holds a 2-3% NSR royalty on the Windfall project [31] AuWEST Project - TDG Gold Corp. reported significant drill results from the AuWEST target, with intersections of 100.0m grading 2.24 g/t Au and 0.38% Cu [36][37] - OR Royalties owns a 1.0% NSR royalty on AuWEST [38]

Core Viewpoint - Pasinex Resources Limited reported financial results for Q2 2025, showing a net loss of $0.3 million, with challenges stemming from lower equity income, increased legal and interest expenses, and foreign exchange losses, despite lower exploration costs [2][3]. Financial Performance - Share of net equity gain from joint venture for Q2 2025 was $18,633, down from $309,802 in Q2 2024 [2] - Consolidated net loss for Q2 2025 was $(282,935), compared to $(296,550) in Q2 2024 [2] - Basic and diluted net income per share for Q2 2025 was $(0.002), consistent with Q2 2024 [2] - Net cash used in operating activities for Q2 2025 was $(322,122), compared to $(357,731) in Q2 2024 [2] - Total assets as of June 30, 2025, were $3,434,506, down from $3,557,225 in June 2024 [2] - Total liabilities increased to $5,759,786 as of June 30, 2025, from $4,900,852 in June 2024 [2] - Total shareholders' deficit grew to $(2,325,280) as of June 30, 2025, compared to $(1,343,627) in June 2024 [2] Operational Data - Zinc product mined (wet) tonnes for Q2 2025 were 280, down from 1,225 in Q2 2024 [2] - Zinc product sold (wet) tonnes for Q2 2025 were 543, compared to 994 in Q2 2024 [2] - Average grade of zinc sulphide product sold in Q2 2025 was 47.8%, slightly down from 49.0% in Q2 2024 [2] Strategic Developments - The company made additional payments of US$100,000 towards the Sarıkaya project, totaling US$350,000 of the agreed US$2,600,000 [2] - A non-brokered private placement of common shares was announced on July 15, 2025, for gross proceeds of up to $2.15 million [2] - On July 10, 2025, 28.8 million shares were issued at $0.075 to settle $2.16 million of outstanding debt [2] Management Commentary - The Executive Chair emphasized the company's strategy of advancing the Sarıkaya acquisition, strengthening the balance sheet through equity financing, and exploring debt financing options for future growth [3]. Industry Outlook - Pasinex is focused on building a zinc mining company through the acquisition and development of high-grade zinc deposits in Türkiye and Nevada [4]. - Türkiye is highlighted as a favorable jurisdiction for zinc exploration, with deposits containing 25% to 50% zinc, equating to copper grades of approximately 9% to 15% at a copper price of US$5 per pound [5]. - Mining costs are estimated between US$200 to US$300 per tonne of ore, with after-tax margins generally between 30% and 50% [6]. - The Sarıkaya license is noted as a significant near-term opportunity for direct shipping ore and potential major zinc discoveries [7].

Core Viewpoint - IMPACT Silver Corp. reported a 27% increase in revenue for Q2 2025, driven by higher production and strong commodity prices, indicating a positive financial trajectory for the company [1][3]. Financial Performance - Revenue for Q2 2025 was $9.8 million, up from $7.7 million in Q2 2024, with year-to-date revenue reaching $20.5 million [1]. - Mine operating income before amortization and depletion improved to $1.6 million in Q2 2025 from a loss of $0.2 million in Q2 2024 [1]. - The company reported a net loss of $2.0 million for the quarter, which included $0.5 million in deferred taxes, $1.1 million in exploration costs, and $0.6 million in amortization and depletion [1]. - As of the end of the quarter, the company had $10.3 million in cash and $13.3 million in working capital, with no long-term debt [1]. Operational Highlights - The Zacualpan/Guadalupe complex processed 69,185 tonnes of mill feed year-to-date 2025, a 4% increase from 66,797 tonnes in the same period of 2024 [4]. - Silver production from the Guadalupe complex was 295,131 ounces in the first half of 2025, a 2% increase from 289,443 ounces in the first half of 2024 [5]. - Lead production increased by 15%, and gold production improved by 58% to 237 ounces from 150 ounces in the comparative period [5]. - The average mill head grade for silver fell by 2% to 158 g/t compared to 161 g/t in 2024 [5]. Production and Cost Metrics - At Plomosas, the mill processed 27,747 tonnes year-to-date 2025, a 116% increase from 12,850 tonnes in the first half of 2024 [6]. - Direct costs per tonne at Plomosas fell to $230.14 in 2025 from $400.70 in 2024 [8]. - Revenue per tonne sold for the first six months in 2025 increased by 38% to $209.84 from $152.09 [5]. Strategic Outlook - The company anticipates further improvements in production and revenue due to ongoing exploration and development activities at both Zacualpan and Plomosas [10][11]. - Management plans to maintain active exploration and pursue strategic partnerships to enhance shareholder value [11].

Summary of Orion Minerals (ORN) Update / Briefing July 31, 2025 Company Overview - **Company**: Orion Minerals (ASX Code: IRN) - **Industry**: Mining, specifically focused on copper and zinc production - **Key Projects**: Priska Copper Zinc Project and O'Keeffe Project in Northern Cape, South Africa Core Points and Arguments 1. **Long-term Copper Demand**: The International Energy Agency predicts that copper demand will exceed supply by 30% in the next decade, indicating a strong long-term outlook for the copper market [2][3] 2. **M&A Activity**: There has been an increase in mergers and acquisitions in the copper sector, particularly among developers on the ASX, suggesting a competitive landscape for copper assets [3] 3. **Development Stage**: Orion is at a critical development stage with its projects, particularly focusing on the Priska project, which is seen as the flagship operation [5][16] 4. **Funding and Capital Requirements**: The peak capital requirement for the Priska project is estimated at AUD 578 million, with initial funding needs of AUD 50 million for the upper levels and AUD 20 million for ongoing works [39][40] 5. **Production Timeline**: The company aims to produce concentrate from the upper levels of the Priska project by Christmas 2026, with a phased approach to project execution [18][34] 6. **Cost Positioning**: Priska is positioned in the first quartile of the global cost curve for copper production, making it competitive against other global operations [22][23] 7. **Value Engineering**: Ongoing value engineering efforts are expected to yield capital cost savings of 5% to 10% on the estimated AUD 600 million capital expenditure [43][44] 8. **Shareholder Engagement**: The company has a strong retail shareholder base in South Africa, with approximately 23,000 shareholders, indicating robust local support [8] 9. **Exploration Upside**: There is significant exploration potential at both Priska and O'Keeffe, with historical production data suggesting high-grade deposits [11][72] Other Important Content 1. **Management Changes**: The appointment of Tony Lennox as the new Managing Director is seen as a strategic move to enhance operational execution and project development [5][9] 2. **Market Positioning**: The company is focused on transitioning from an exploration entity to a junior mining company, with a clear strategy for project governance and operational readiness [20][29] 3. **Interest from Larger Companies**: There is expressed interest from major mining companies, but Orion's current focus is on advancing its projects to production before considering any acquisition offers [89][92] 4. **Share Placement and SPP**: A recent share placement was viewed as bridging finance, and the company has extended its Share Purchase Plan (SPP) to accommodate shareholder participation [46][53] 5. **Operational Readiness**: Emphasis on operational readiness is crucial for ensuring a smooth transition to production, with experienced personnel being brought in to manage the process [29][83] This summary encapsulates the key insights from the Orion Minerals update, highlighting the company's strategic direction, project developments, and market positioning within the mining industry.

Core Insights - Nexa Resources reported an Adjusted EBITDA of US$161 million in 2Q25, a 29% increase from US$125 million in 1Q25, driven by higher smelting and by-products sales volumes and prices [2][9] - The company experienced a net income of US$13 million in 2Q25, down from US$29 million in 1Q25, primarily due to increased financial expenses related to a liability management initiative [3] - Net revenues for 2Q25 reached US$708 million, a 13% increase from US$627 million in 1Q25, attributed to higher smelting sales volume and by-products contribution [4] Financial Performance - Adjusted net income for the quarter was US$37 million, totaling US$72 million for the first half of 2025 [3] - CAPEX for 2Q25 was US$87 million, primarily for sustaining investments, with a full-year guidance of US$347 million remaining unchanged [5] - The company issued a US$500 million bond to fund early redemption of existing notes, enhancing its financial flexibility [6] Operational Highlights - Treated ore volume in 2Q25 was 3,285kt, remaining flat year-over-year, reflecting recovery from previous challenges [10] - Zinc production reached 74kt, a 9% increase quarter-over-quarter, while copper production was 9kt, up 20% from 1Q25 [11][12] - Zinc metal and oxide production totaled 139kt, a 5% increase quarter-over-quarter, while sales amounted to 145kt, up 12% from 1Q25 [13][14] Growth Strategy - Nexa advanced on Phase I of the Cerro Pasco Integration Project, achieving key milestones such as securing construction permits and initiating site preparation [16] - The company maintains a disciplined capital allocation framework, focusing on sustaining investments and enhancing operational resilience [17] ESG and Corporate Initiatives - Nexa reaffirmed its commitment to sustainability and responsible governance, implementing initiatives focused on decarbonization and stakeholder engagement [18] - The company published its 2024 Annual Sustainability Report and engaged in community initiatives to promote social inclusion and financial autonomy [19][20]

Core Viewpoint - MetalQuest Mining Inc. has successfully completed a non-brokered private placement, raising $517,296 through the issuance of 7,389,943 units, subject to final approval from the TSX Venture Exchange [1][2]. Financing Details - Each unit consists of one common share and one non-transferable share purchase warrant, allowing the holder to purchase an additional common share at $0.10 for three years [2]. - The proceeds will be allocated for exploration, development, and general working capital [2]. Insider Participation - New Age Metals Inc. will increase its ownership in MQM from approximately 6.44% to 19.05% post-conversion, becoming a new insider [2][4]. - Existing insiders and control persons purchased a total of 4,868,000 units, qualifying as a related party transaction [4]. Regulatory Compliance - All securities from the private placement are subject to a four-month hold period under Canadian Securities Laws [3]. - The company is relying on exemptions from formal valuation and minority shareholder approval requirements due to the nature of the transaction [4]. Shareholder Control - Prior to the offering, Mr. Harry Barr controlled 8,616,438 common shares, which could increase to approximately 33.28% post-offering if stock options are exercised [5]. - After the offering, Barr's control could rise to approximately 47.27% of the company's outstanding shares, while New Age Metals could control about 19.05% [8][9]. Company Overview - MetalQuest Mining owns 100% of the Lac Otelnuk Iron Ore Project in Quebec, which is one of the largest iron ore projects in North America [12]. - The company has invested approximately $150 million in the project and is working with the Naskapi First Nation on exploration and pre-development [12]. - A comprehensive gap analysis of the historic feasibility study is being conducted to align with current market dynamics and regulatory standards [12].

来源：市场资讯 （来源：五矿期货微服务） 五矿期货微服务 供应端：矿锭双宽 锌矿方面，上半年锌矿供应增量主要发生于海外，国内1-6月锌矿净进口累计同比增长48%，拉动国内1-6月锌矿总供应累计同比增长13.5%。锌矿供应的 显著增长，一方面表现在当前较往年更高的库存，另一方面表现在持续抬升的加工费。当前锌精矿港口库存27.5万实物吨，锌精矿工厂库存59.9万实物 吨，总库存较去年同期的显性库存增长了28.68万实物吨。当前锌精矿国产TC均价3800元/金属吨，进口TC指数76美元/干吨。较去年同期的低点，分别增 长了2350元/金属吨和115美元/干吨。 锌锭方面，锌锭供应放量落后锌矿放量节点约4个月。国内冶炼产量自6月起开始抬升，国内6月锌锭产量58.51万吨，同比变动7.2%，环比变动6.5%。原料 宽松的情景下，预计下半年国内锌锭月均总供应维持在60万吨以上。下游现实需求相对有限的情形下，国内锌锭显性库存自6月初起持续抬升，6-7月国内 锌锭总库存共累库2.45万吨至19.63万吨，沪锌基差及月间价差亦有较大回落。 需求端：弱现实，预期边际转强 需求现状来看，初端企业开工状况不及往年，镀锌板卷周度开工率 ...

Core Insights - Ivanhoe Mines reported a Q2 2025 profit of $35 million and adjusted EBITDA of $123 million, with Kamoa-Kakula contributing $128 million to EBITDA [1][9] - Kamoa-Kakula produced 112,009 tonnes of copper in Q2 2025, operating at 85% design capacity for Phases 1 and 2, and 30% above design capacity for Phase 3 [1][37] - The company is advancing its dewatering efforts at Kakula Mine, with Stage One completed and Stage Two set to commence imminently [1][49] - The startup of Africa's largest and greenest copper smelter is on schedule for September 2025 [1][68] - Recent increases in platinum and palladium prices have improved the net present value of the Platreef project by over 20% to approximately $3.8 billion [1][9] Financial Performance - Q2 2025 adjusted EBITDA was $123 million, down from $226 million in Q1 2025; profit after tax was $35 million compared to $67 million in Q2 2024 [9][1] - Kamoa-Kakula sold 101,714 tonnes of copper at an average realized price of $4.34/lb, with revenue of $875 million for the quarter [9][1] - The cost of sales per pound of payable copper sold increased to $2.85/lb in Q2 2025 from $1.87/lb in Q1 2025 [11][9] - Kamoa-Kakula's cash cost (C1) per pound of payable copper produced averaged $1.89/lb, up from $1.69/lb in Q1 2025 [11][9] Operational Highlights - Kamoa-Kakula's concentrators milled 3.62 million tonnes of ore in Q2 2025, producing 112,009 tonnes of copper, an 11% increase compared to Q2 2024 [37][9] - The Phase 3 concentrator achieved a record production of 40,608 tonnes of copper, operating at an annualized rate of 6.5 million tonnes, 30% above design capacity [46][12] - Kipushi operations sold 43,348 tonnes of zinc, up nearly 45% from Q1 2025, with a revenue of $97 million [11][9] - Platreef's Phase 1 project is nearing completion, with first ore feed expected in Q4 2025 [12][8] Project Development - The Kamoa-Kakula copper smelter is expected to start operations in September 2025, processing concentrates from all phases of the mine [68][1] - The company is targeting to provide an update on Kamoa-Kakula's recovery plan and ramp-up to steady-state operations by September 2025 [12][1] - The Platreef project is projected to be the lowest-cost primary platinum-group-metals producer globally, with a Phase 2 expansion expected to produce over 460,000 ounces of platinum, palladium, rhodium, and gold annually [12][8] Exploration Activities - Ivanhoe Mines is expanding the Makoko District copper discovery and exploring for new sedimentary-hosted copper discoveries across its extensive license areas in DRC, Angola, Zambia, and Kazakhstan [3][2] - The company has completed 86,000 meters of diamond drilling in the Makoko District, doubling the total copper contained in the area [16][3] - Drilling activities in Kazakhstan commenced in July 2025, with two rigs deployed for a 17,500-meter maiden diamond drilling program [16][3]