09:02 AM EST, 11/11/2025 (MT Newswires) -- Pasinex Resources (PSE.CN) announced Tuesday that Turkiye's General Directorate of Mining and Petroleum Affairs (MAPEG) approved the transfer of shares in Aydin Teknik Madencilik from Abdullah Aydin to its Turkish unit Pasinex Arama ve Madencilik.

Pasinex Arama now holds 100% ownership of the Sarikaya zinc project in Kayseri Province, Turkiye. The company said Pasinex Arama will start implementing the initial phase of exploration and mine development at Sarikaya.

"Planned activities through March 31, 2026, will focus on building the organization and advancing technical work while maintaining strict safety and environmental standards," the company said in a statement. "These activities will be funded in part through recently completed financing, with additional funding expected to support continued development."

The company said it is "focused on executing its near-term work program at Sarikaya, including detailed mapping, underground development, and the start of exploration drilling."

Shares of the company closed unchanged at $0.10 on Monday on the Canadian Securities Exchange.