Tinka Announces Commencement of a Strategic Review
Tinka Resources (TSXV:TK, OTCQB:TKRFF) has announced the cancellation of additional closings of its previously announced non-brokered private placement. The company has initiated a strategic review process with a financial advisor to evaluate potential strategic alternatives aimed at maximizing shareholder value.
The company has temporarily deferred planned drilling activities at its Ayawilca project during the review process. CEO Graham Carman highlighted Ayawilca's attractiveness, citing its mineral resource grade, scale, and strong economics based on the 2024 Preliminary Economic Assessment.
No specific timeline has been set for the strategic review process, and there is no guarantee that it will result in any transaction. The company will only provide updates when deemed necessary or appropriate.
Tinka Resources (TSXV:TK, OTCQB:TKRFF) ha annunciato la cancellazione di ulteriori chiusure del suo precedente collocamento privato non intermediato. L'azienda ha avviato un processo di revisione strategica con un consulente finanziario per valutare potenziali alternative strategiche mirate a massimizzare il valore per gli azionisti.
L'azienda ha temporaneamente posticipato le attività di perforazione pianificate presso il suo progetto Ayawilca durante il processo di revisione. Il CEO Graham Carman ha sottolineato l'attrattiva di Ayawilca, citando il grado delle risorse minerarie, la scala e la solidità economica basata sulla Valutazione Economica Preliminare del 2024.
Non è stato fissato un calendario specifico per il processo di revisione strategica e non c'è garanzia che porterà a una transazione. L'azienda fornirà aggiornamenti solo quando sarà ritenuto necessario o appropriato.
Tinka Resources (TSXV:TK, OTCQB:TKRFF) ha anunciado la cancelación de cierres adicionales de su colocación privada no intermediada previamente anunciada. La empresa ha iniciado un proceso de revisión estratégica con un asesor financiero para evaluar posibles alternativas estratégicas destinadas a maximizar el valor para los accionistas.
La empresa ha pospuesto temporalmente las actividades de perforación planificadas en su proyecto Ayawilca durante el proceso de revisión. El CEO Graham Carman destacó la atractividad de Ayawilca, citando el grado de recursos minerales, la escala y la sólida economía basada en la Evaluación Económica Preliminar de 2024.
No se ha establecido un cronograma específico para el proceso de revisión estratégica, y no hay garantía de que resulte en alguna transacción. La empresa solo proporcionará actualizaciones cuando se considere necesario o apropiado.
Tinka Resources (TSXV:TK, OTCQB:TKRFF)는 이전에 발표된 비중개 사모 배치의 추가 마감 취소를 발표했습니다. 회사는 주주 가치를 극대화하기 위한 잠재적 전략적 대안을 평가하기 위해 금융 자문과 함께 전략 검토 프로세스를 시작했습니다.
회사는 검토 과정 동안 아야윌카 프로젝트에서 계획된 드릴링 활동을 일시적으로 연기했습니다. CEO 그레이엄 카르만은 아야윌카의 매력에 대해 언급하며, 광물 자원의 품질, 규모 및 2024년 예비 경제 평가에 기반한 강력한 경제성을 강조했습니다.
전략 검토 프로세스에 대한 구체적인 일정은 정해져 있지 않으며, 거래가 이루어질 것이라는 보장은 없습니다. 회사는 필요하거나 적절하다고 판단될 때만 업데이트를 제공할 것입니다.
Tinka Resources (TSXV:TK, OTCQB:TKRFF) a annoncé l'annulation de fermetures supplémentaires de son placement privé non intermédiaire précédemment annoncé. La société a engagé un processus de révision stratégique avec un conseiller financier pour évaluer les alternatives stratégiques potentielles visant à maximiser la valeur pour les actionnaires.
La société a temporairement reporté les activités de forage prévues pour son projet Ayawilca pendant le processus de révision. Le PDG Graham Carman a souligné l'attractivité d'Ayawilca, citant la qualité des ressources minérales, l'échelle et la solide économie basée sur l'Évaluation Économique Préliminaire de 2024.
Aucun calendrier spécifique n'a été établi pour le processus de révision stratégique, et il n'y a aucune garantie qu'il aboutisse à une transaction. La société ne fournira des mises à jour que si cela est jugé nécessaire ou approprié.
Tinka Resources (TSXV:TK, OTCQB:TKRFF) hat die Absage weiterer Abschlüsse seiner zuvor angekündigten nicht vermittelten Privatplatzierung bekannt gegeben. Das Unternehmen hat einen strategischen Überprüfungsprozess mit einem Finanzberater eingeleitet, um potenzielle strategische Alternativen zu bewerten, die darauf abzielen, den Aktionärswert zu maximieren.
Das Unternehmen hat die geplanten Bohraktivitäten in seinem Ayawilca-Projekt während des Überprüfungsprozesses vorübergehend ausgesetzt. CEO Graham Carman hob die Attraktivität von Ayawilca hervor und verwies auf die Mineralressourcengüte, die Größe und die starke Wirtschaftlichkeit basierend auf der vorläufigen wirtschaftlichen Bewertung von 2024.
Es wurde kein spezifischer Zeitrahmen für den strategischen Überprüfungsprozess festgelegt, und es gibt keine Garantie, dass er zu einer Transaktion führen wird. Das Unternehmen wird nur dann Updates bereitstellen, wenn es als notwendig oder angemessen erachtet wird.
- Company has initiated strategic review process with financial advisor to maximize shareholder value
- Ayawilca project demonstrates strong economics according to 2024 PEA
- Cancellation of planned non-brokered private placement closings
- Suspension of planned drilling activities at Ayawilca
- Uncertainty regarding outcome of strategic review process
VANCOUVER, BC / ACCESS Newswire / February 18, 2025 / Tinka Resources Limited ("Tinka" or the "Company") (TSXV:TK)(BVL:TK)(OTCQB:TKRFF) announces that further to the Company's news release on January 2, 2025, the Company will not proceed with additional closings of its previously announced non-brokered private placement.
The Company also announces that it has initiated a strategic review process with the assistance of a financial advisor, to identify, assess and evaluate a broad range of potential strategic alternatives for the Company with the view of maximizing shareholder value. A range of strategic and financing alternatives will be reviewed and considered.
Dr. Graham Carman, Tinka's President and CEO, stated: "The Company has deferred its planned drilling activities at Ayawilca whilst we carry out this important strategic review. Ayawilca is an attractive project considering the grade and scale of the mineral resource and its strong economics based on the 2024 Ayawilca Preliminary Economic Assessment (see 2024 PEA news release). We believe that the strategic review process will ultimately lead to a favourable outcome for all shareholders and stakeholders."
The Company has not set a timetable for this process, nor has it made any decisions related to strategic alternatives at this time, and there can be no assurance that the exploration of strategic alternatives will result in any transaction. The Company does not plan to provide updates on the status of the strategic review process until it determines that further disclosure is necessary or appropriate.
On behalf of the Board, | Further Information: |
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"Graham Carman" | |
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About Tinka Resources Limited
Tinka is an exploration and development company with its flagship property being the
Dr. Graham Carman, Tinka's President and CEO, has reviewed, verified and approved the technical contents of this release. Dr. Carman is a Fellow of the Australasian Institute of Mining and Metallurgy, and is a Qualified Person as defined by National Instrument 43-101.
Forward Looking Statements: Certain information in this news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws (collectively "forward-looking statements"). All statements, other than statements of historical fact are forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding the strategic review. Forward-looking statements are based on the beliefs and expectations of Tinka as well as assumptions made by and information currently available to Tinka's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations: timing and successful completion of the strategic review; timing of planned work programs and results varying from expectations; delay in obtaining results; changes in equity markets; uncertainties relating to the availability and costs of financing needed in the future; equipment failure, unexpected geological conditions; imprecision in resource estimates or metal recoveries; success of future development initiatives; competition and operating performance; environmental and safety risks; timing of geological reports; the preliminary nature of the Ayawilca Project PEA and the Company's ability to realize the results of the Ayawilca Project PEA; the political environment in which the Company operates continuing to support the development and operation of mining projects; risks related to negative publicity with respect to the Company or the mining industry in general; delays in obtaining or failure to obtain necessary permits and approvals from local authorities; community agreements and relations; and, other development and operating risks. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein. Although Tinka believes that assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Except as may be required by applicable securities laws, Tinka disclaims any intent or obligation to update any forward-looking statement.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
SOURCE: Tinka Resource Ltd.
View the original press release on ACCESS Newswire
FAQ
Why did Tinka Resources (TKRFF) cancel its non-brokered private placement in February 2025?
What is the current status of Tinka's Ayawilca project drilling activities?
What are the key findings from Tinka's 2024 Ayawilca Preliminary Economic Assessment?
What is the timeline for Tinka Resources' (TKRFF) strategic review process?
