08:27 AM EST, 11/21/2025 (MT Newswires) -- Pasinex Resources (PSE.CN) Friday reported a swing to third-quarter profit.

The company reported net income of $43,000 or nil per share, from a loss of $246,000 or $0.002 per share, in the prior year period.

Pasinex is building a zinc mining company through the acquisition and development of high-grade zinc deposits in Turkiye and Nevada.

"We have been busy creating value for our shareholders through the full ownership of Horzum, the Sarikaya acquisition, and the strengthening of our balance sheet with recent equity financing. We have mapped out a detailed development and exploration plan for both Pinargozu and Sarikaya mines, execution of which is only pending the next round of financing, planned for early 2026. With impressive zinc grades and low capital requirements, we envision a short path to being cash flow positive within the next two years," said Larry Seeley, executive chair.