Turkey's Zinc Rising: Pasinex Resources Targets Growth with Key Asset Acquisitions

NEW YORK, NY – November 21, 2025

Pasinex Doubles Down on Turkish Zinc Production

Pasinex Resources Limited is significantly expanding its footprint in the Turkish zinc mining sector, solidifying its position as a key player in the region. The Canadian-based company recently announced its Q3 2025 financial results, showcasing a move from loss to profit, and detailed progress on several fronts, including full ownership of the Pinargozu mine and the Sarikaya license. These developments, coupled with a recent C$2.33 million private placement and a strategic shift in its fiscal year-end, signal a determined effort to unlock the potential of high-grade zinc deposits in Turkey.

From Exploration to Ownership: A Strategic Transformation

For years, Pasinex operated as an explorer and early-stage developer, navigating joint ventures and production sharing agreements. The recent acquisition of 100% ownership of Horzum A.Ş., which operates the Pinargozu mine, marks a pivotal moment. “This represents a major step in Pasinex’s journey from a project generator to a fully integrated zinc producer,” notes an industry analyst familiar with the Turkish mining landscape. The company finalized the deal through a share transfer agreement with Kurmel Holding, setting the stage for increased control over production and profitability. The transfer is contingent on final MAPEG approval, which is expected shortly.

Beyond Pinargozu, Pasinex has also secured full ownership of the Sarikaya license, a project boasting promising high-grade zinc mineralization. This acquisition, coupled with plans for underground development and drilling in early 2026, underscores the company’s commitment to expanding its resource base and production capacity. “Sarikaya is particularly exciting due to the high grades being observed,” explains a geologist specializing in carbonate-hosted zinc deposits. “The potential for rapid capital payback is significant, assuming they can efficiently develop the resource.”

Navigating the Turkish Mining Landscape

Turkey has emerged as a significant hub for zinc mining, offering favorable geological conditions and a supportive regulatory environment. However, operating in Turkey presents unique challenges. Navigating the permitting process, securing land access, and maintaining positive relationships with local communities are crucial for success. Pasinex appears to be proactively addressing these challenges by working closely with Turkish authorities and prioritizing sustainable mining practices.

“The Turkish government is keen to attract foreign investment in the mining sector,” says a source within the Ministry of Energy and Natural Resources. “They are streamlining the permitting process and offering incentives to encourage exploration and development.” However, it's also crucial to acknowledge that navigating the legal and bureaucratic landscape can still be complex.

Financial Performance and Future Funding

Pasinex’s Q3 2025 financial results show a positive trend, with a net income of $42,989 compared to a loss of $0.3 million in the same period last year. While this represents a significant improvement, it’s essential to note that the company still faces financial challenges. The company has shown a net loss for the nine months ended September 30, 2025, of $1.128 million, highlighting the need for continued financial discipline and strategic investments.

The recent C$2.33 million private placement will provide crucial funding for the company’s expansion plans. The proceeds will be used to fund underground development at Sarikaya, cover permitting costs, and support general working capital. The fact that insiders participated in the private placement demonstrates confidence in the company’s long-term prospects.

“The availability of capital is always a critical factor for mining companies,” comments a financial analyst specializing in the sector. “This private placement provides Pasinex with the financial flexibility to execute its growth strategy.” However, ongoing financial performance and ability to manage costs will remain key areas of focus.

A Shift in Fiscal Strategy

Pasinex’s decision to shift its fiscal year-end from December 31 to March 31 reflects a strategic realignment designed to better synchronize its reporting cycle with industry peers and optimize its operational planning. This move signals a commitment to enhancing transparency and improving its ability to manage its financial performance effectively. The company's board believes the change will align better with the operational cycles of its Turkish operations.

The appointment of Dr. Mehmet Kömürcü to the Board of Directors further strengthens the company’s leadership team. Dr. Kömürcü brings extensive experience in corporate law and a strong network of relationships in Turkey, Europe, and the Middle East, providing valuable support for the company’s growth initiatives.