DynaResource Announces $1.0 Million Financing from Ocean Partners
Rhea-AI Summary
DynaResource (OTCQX: DYNR) completed a non-brokered private placement for $1,000,000 on May 1, 2026, issuing 833,333 common shares at $1.20 per share to Ocean Partners UK Limited. The company said proceeds will strengthen the balance sheet, support operational productivity initiatives, and aid recovery of IVA tax payments for its Mexican subsidiary.
Management emphasized near-term support for mine performance and continued focus on financial discipline and longer-term strategic growth.
AI-generated analysis. Not financial advice.
Positive
- $1,000,000 financing completed
- Issued 833,333 common shares at $1.20 per share
- Proceeds intended to strengthen the balance sheet and support operations
Negative
- Issued 833,333 new shares, increasing share count and creating potential dilution
News Market Reaction – DYNR
On the day this news was published, DYNR gained 7.55%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
All figures in United States Dollars ("USD").
Irving, Texas--(Newsfile Corp. - May 1, 2026) - DynaResource, Inc. (OTCQX: DYNR) ("DynaResource", or "the Company") is pleased to report is has completed a non-brokered private placement of
The Company issued a total of 833,333 common shares (each a 'unit') at a price of
The Company intends to use the proceeds from the Offering to strengthen the Company's balance sheet while management continues to focus on grade and operational productivity and the recovery of Impuesto al Valor Agregado ("IVA") tax payments relatable to its wholly owned Mexican subsidiary.
"These funds provide important near-term support as we continue to execute on operational improvements and focus on key value driving initiatives within the business," stated Rohan Hazelton, President and Chief Executive Officer. "Our priority remains enhancing mine performance while maintaining financial discipline and positioning the Company for longer-term strategic growth."
On behalf of the Board of Directors of DynaResource, Inc.
Rohan Hazelton
President & CEO
About DynaResource
DynaResource is a junior gold mining producer trading on the OTCQX under the symbol "DYNR". DynaResource is actively mining and expanding the historic San Jose de Gracia gold mining district in Sinaloa, Mexico.
For More Information on DynaResource, Inc. please visit www.dynaresource.com, or contact:
Investor Relations:
Katherine Pryde
Investor Relations Manager
+1 972-869-9400
info@dynaresource.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This news release contains forward-looking statements within the meaning of Section 27 A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
Certain information contained in this news release, including any information relating to future financial or operating performance may be deemed "forward-looking". All statements in this news release, other than statements of historical fact, that address events or developments that DynaResource expects to occur, are "forward-looking information". These statements relate to future events or future performance and reflect the Company's expectations regarding the future growth, results of operations, business prospects and opportunities of DynaResource. These forward-looking statements reflect the Company's current internal projections, expectations or beliefs and are based on information currently available to DynaResource. In some cases, forward-looking information can be identified by terminology such as "may", "will", "should", "expect", "intend", "plan", "anticipate", "believe", "estimate", "projects", "potential", "scheduled", "forecast", "budget" or the negative of those terms or other comparable terminology. Certain assumptions have been made regarding the Company's plans at the San Jose de Gràcia property. Many of these assumptions are based on factors and events that are not within the control of DynaResource and there is no assurance they will prove to be correct. Such factors include, without limitation: capital requirements, fluctuations in the international currency markets and in the rates of exchange of the currencies of the United States and México; price volatility in the spot and forward markets for commodities; discrepancies between actual and estimated production, between actual and estimated reserves and resources and between actual and estimated metallurgical recoveries; changes in national and local governments in any country which DynaResource currently or may in the future carry on business; taxation; controls; regulations and political or economic developments in the countries in which DynaResource does or may carry on business; the speculative nature of mineral exploration and development, including the risks of obtaining necessary licenses and permits, diminishing quantities or grades of reserves; competition; loss of key employees; additional funding requirements; actual results of current exploration or reclamation activities; changes in project parameters as plans continue to be refined; accidents; labor disputes; defective title to mineral claims or property or contests over claims to mineral properties. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion losses (and the risk of inadequate insurance or inability to obtain insurance, to cover these risks) as well as those risks referenced in the Annual Report on Form 10-K for DynaResource available at www.sec.gov. Forward-looking information is not a guarantee of future performance and actual results, and future events could differ materially from those discussed in the forward-looking information. All of the forward-looking information contained in this news release is qualified by these cautionary statements. Although DynaResource believes that the forward-looking information contained in this news release is based on reasonable assumptions, readers cannot be assured that actual results will be consistent with such statements. Accordingly, readers are cautioned against placing undue reliance on forward-looking information. DynaResource expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, events or otherwise.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/295423