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Pasinex Resources Consolidates Full Ownership of Horzum A.Ş.

Story Highlights
  • Pasinex Resources consolidates 100% ownership of Horzum A.Ş., enhancing operational efficiency.
  • The agreement aligns payments with performance, positioning Pasinex for sustainable growth.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Pasinex Resources Consolidates Full Ownership of Horzum A.Ş.

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Pasinex Resources ( (TSE:PSE) ) has issued an update.

Pasinex Resources Limited has announced a Share Transfer and Settlement Agreement to consolidate 100% ownership of Horzum A.Ş., which includes the Pinargözü zinc mine and other licenses in Türkiye. This strategic move is expected to streamline decision-making and support further exploration and production, enhancing the company’s operational efficiency and growth potential. The agreement also includes production-linked payments to Kurmel Holding, aligning payments with performance and clearing past uncertainties, thus positioning Pasinex for sustainable growth and long-term value creation.

Spark’s Take on TSE:PSE Stock

According to Spark, TipRanks’ AI Analyst, TSE:PSE is a Underperform.

Pasinex Resources is under severe financial pressure with no revenue and high leverage, which are significant red flags. Strong technical indicators provide some short-term price momentum, but the negative valuation and financial performance outweigh these positive signals, resulting in a low overall score.

To see Spark’s full report on TSE:PSE stock, click here.

More about Pasinex Resources

Pasinex Resources Limited is a zinc-focused mining company based in Toronto, Canada. It operates through its subsidiary, Pasinex Arama, owning 50% of Horzum AŞ, which manages the Pinargozu zinc mine in Türkiye. The company also holds a 51% interest in the Gunman Project in Nevada and has an option to acquire a 100% interest in the Sarikaya license in Kays.

Average Trading Volume: 83,651

Technical Sentiment Signal: Buy

Current Market Cap: C$11.56M

See more data about PSE stock on TipRanks’ Stock Analysis page.

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