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DynaResource, Inc. (DYNR) acquires, invests in, explores, and develops precious and base metal properties in the United States. The company primarily explores for gold, silver, and other valuable minerals. Its flagship property is the San Jose de Gracia property with 33 concessions covering approximately 69,121 hectares located in northern Sinaloa state, Mexico. Founded in 1937, DynaResource, Inc. is headquartered in Irving, Texas.
Recently, DynaResource, Inc. extended its Commercial Offtake Agreement through December 2026 with Ocean Partners, who is set to purchase 1M shares of the common stock at $5 per share. The company continues to focus on expanding its operations, exploration, and corporate growth with key partnerships in the industry.
DynaResource has announced an extension of its commercial offtake agreement with Ocean Partners through December 2028. The agreement includes a $4M Temporary Additional Credit Line and an increase in the Revolving Credit Line to $12.5M, pending certain conditions. Golden Post , a major shareholder, will purchase $2.5M worth of common stock at $1.61 per share. These funds will support expanding mining activities at the San Jose de Gracia gold project in Mexico. The company emphasizes stakeholder support as a positive signal for their operational and shareholder value optimization.
DynaResource has appointed Rohan Hazelton as President, CEO, Interim CFO, and Director, effective immediately. Hazelton, a seasoned mining executive, succeeds K.D. Diepholz, who will remain as Chairman to ensure a smooth transition. Hazelton brings over 20 years of experience from roles at NorZinc, Cerrado Gold, and Goldcorp, among others. This leadership change aims to further develop the San Jose de Gracia project, enhancing operational and financial performance. Hazelton receives stock options under the company's Equity Incentive Plan, subject to approvals. The company also accepted Rene Mladosich's resignation from the board to facilitate Hazelton's appointment.
DynaResource, Inc. (OTCQB:DYNR) announced that the U.S. Court of Appeals for the 10th Circuit has affirmed the August 2016 arbitration award in favor of Goldgroup Resources Inc. This includes a monetary award of $1.111 million, which was paid via a supersedeas bond, and the completion of non-monetary awards. DynaMéxico continues to pursue the recognition of a $48 million foreign judgment in the U.S. following a favorable legal ruling in Mexico. The company retains 100% ownership of the San Jose de Gracía gold project.
DynaResource, Inc. (OTCQB:DYNR) announced the filing of a $48M USD Recognition Claim against Goldgroup Resources Inc. in Dallas County, Texas. This claim stems from a favorable December 2019 ruling by a Mexican court, confirming a damages award of $48,280,808.34 in favor of DynaMéxico against Goldgroup. The ruling concludes seven years of litigation, allowing DynaMéxico to pursue recovery. DynaResource aims to enhance operations at its San Jose de Gracía gold project and intends to increase output significantly in 2020.
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