Business
Tinka Announces Commencement of a Strategic Review
VANCOUVER, BC / ACCESS Newswire / February 18, 2025 / Tinka Resources Limited (" Tinka " or ...
About this update from Tinka Resources Limited
[{"type":"text","content":"Tinka Announces Commencement of a Strategic ReviewVANCOUVER, 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: www.tinkaresources.comMariana Bermudez [email protected] \"Graham Carman\"Dr. Graham Carman, President & CEO Stay up to date by subscribing for news alerts at Contact Tinka and by following Tinka on X, LinkedIn and Facebook. About Tinka Resources LimitedTinka is an exploration and development company with its flagship property being the 100%-owned Ayawilca zinc-silver-tin project in central Peru. The Zinc Zone at Ayawilca has an estimated Indicated Mineral Resource of 28.3 Mt grading 5.82% zinc, 16.4 g/t silver, 0.2% lead and 91 g/t indium, and an Inferred Mineral Resource of 31.2 Mt grading 4.21% zinc, 14.5 g/t silver, 0.2% lead and 45 g/t indium. The Silv...