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Pasinex Resources ( (TSE:PSE) ) has shared an update.
Pasinex Resources has completed a shares-for-debt transaction, issuing 33,405,205 common shares at C$0.10 each to settle C$3.34 million in liabilities owed to a group of creditors, including entities controlled by members of its board and senior leadership, in a move aimed at strengthening its balance sheet by reducing outstanding obligations. In tandem, the company amended a remaining C$2.05 million in debt to give participating creditors the option, for up to 36 months, to convert all or part of that balance into equity at the same C$0.10 price or be repaid in cash, a structure that both enhances Pasinex’s financial flexibility and underscores related-party participation under regulatory exemptions, with potential dilution balanced against improved financial stability for shareholders and other stakeholders.
The most recent analyst rating on (TSE:PSE) stock is a Hold with a C$0.09 price target. To see the full list of analyst forecasts on Pasinex Resources stock, see the TSE:PSE Stock Forecast page.
Spark’s Take on TSE:PSE Stock
According to Spark, TipRanks’ AI Analyst, TSE:PSE is a Neutral.
The score is primarily constrained by weak financial performance (no revenue, ongoing losses, negative/unstable equity and cash burn). Technicals also reflect soft momentum with price below key short- and medium-term moving averages. Positive corporate events (asset consolidation and fresh financing) provide some offset, but do not fully counterbalance the current financial and trend risks.
To see Spark’s full report on TSE:PSE stock, click here.
More about Pasinex Resources
Pasinex Resources Limited is a Toronto-based, zinc-focused mining company whose wholly owned subsidiary Horzum A.Ş operates the producing Pinargözü high-grade zinc mine in Türkiye, selling output directly to smelters and refiners through commodity brokers. The company also owns the Sarıkaya Group IV lead-zinc operating licence in Türkiye, viewed as a near-term profitability opportunity with significant zinc discovery potential, and holds a 51% interest in the high-grade Gunman zinc exploration project in Nevada, all overseen by an experienced management team focused on responsible, high-grade mineral extraction.
Average Trading Volume: 68,612
Technical Sentiment Signal: Buy
Current Market Cap: C$21.51M
For an in-depth examination of PSE stock, go to TipRanks’ Overview page.