09:24 AM EDT, 08/27/2025 (MT Newswires) -- Pasinex Resources (PSE.CN) on Wednesday reported a narrower second-quarter net loss.

For the three-months ended June 30, the consolidated net loss fell to $0.28 million compared with $0.29 million, a year-ago. The basic and diluted net loss per share came in at $0.002 in Q2 of 2025 and 2024.

The company said revenues and production declined as a result of the joint venture partner halting underground development, which prevented access to new zones with anomalous zinc grades.

"We are advancing the Sarikaya acquisition, strengthening our balance sheet through equity financing, and evaluating debt financing options to support future growth," said Pasinex Executive Chair Larry Seeley. "At the same time, we are working toward a settlement with our joint venture partner in Turkiye to unlock further value."

Shares of the company closed unchanged at $0.075 on Tuesday on the Canadian Securities Exchange.