Tinka Announces Grant of Stock Options

Tinka Resources Limited ("Tinka" or the "Company") (TSXV & BVL:TK) (OTCQB:TKRFF) announces that pursuant to the Company's Stock Option Plan, the Company has granted stock options (the "Options") to certain directors, officers and consultants of the Company to purchase an aggregate of 5,750,000 common shares (the "Optioned Shares") of the Company at an exercise price of $0.25 per Optioned Share for a period of four years

On behalf of the Board,

"Graham Carman"

Dr. Graham Carman, President & CEO

Further Information:
www.tinkaresources.com

Mariana Bermudez 1.604.685.9316
info@tinkaresources.com

About Tinka Resources Limited

Tinka 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 deposit has an estimated Indicated Mineral Resource of 19.0 Mt @ 7.15% Zn, 16.8 g/t Ag & 0.2% Pb and Inferred Mineral Resource of 47.9 Mt @ 5.4% Zn, 20.0 g/t Ag & 0.4% Pb (dated August 30, 2021 - see news release). The Ayawilca Tin Zone has an estimated Inferred Mineral Resource of 8.4 Mt grading 1.0% Sn. Tinka holds 46,000 hectares of mining claims in Central Peru, one of the largest holders of mining claims in the belt. Tinka is actively exploring for copper-gold skarn mineral deposits at its 100%-owned Silvia project. The Qualified Person, Dr. Graham Carman, Tinka's President and CEO, and a Fellow of the Australasian Institute of Mining and Metallurgy, has reviewed and verified the technical contents of this release.

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 Resources Ltd.



View source version on accesswire.com:
https://www.accesswire.com/706888/Tinka-Announces-Grant-of-Stock-Options

News Provided by ACCESSWIRE via QuoteMedia

TK:CA,TKRFF
The Conversation (0)
Zinc-mining figurines.

Fireweed Updates Macpass Resource Estimate, Adding Boundary Zone to Yukon Zinc Project

Fireweed Metals (TSXV:FWZ,OTCQX:FWEDF) announced an updated resource estimate for its Yukon-based Macmillan Pass (Macpass) project, making substantial additions to the asset's zinc holdings.

In a Wednesday (September 4) release, the company shared updated resource estimates for the project's Tom and Jason deposits, as well as maiden resource estimates for the Boundary Zone and End Zone deposits.

The entire Macpass resource estimate now encompasses 56 million metric tons at 7.27 percent zinc equivalent in the indicated category, and 48.48 million metric tons at 7.48 percent zinc equivalent in the inferred category.

Keep reading...Show less
Rolls of steel in a warehouse.

Zinc Stocks: 5 Biggest Canadian Companies in 2024

Zinc prices were mostly rangebound in 2023 as the market shifted into oversupply, and halfway through 2024 the metal isn't far off from where it began the year. However, experts agree its long-term fundamentals are healthy.

Many base metals have been hit by weakened demand over the past year due to sticky inflation and higher interest rates, and zinc is no exception. Zinc supply has also faced pressure from higher mining and refining costs, causing some major zinc mines and smelters to suspend operations, with more possible if the current economic situation continues. Once demand rebounds along with the economy, stunted demand may once again push zinc prices higher.

For investors interested in zinc, the Investing News Network has gathered the biggest TSX- and TSXV-listed zinc stocks by market cap. The list below includes zinc miners and explorers, as well as companies pursuing zinc as a secondary metal.

Keep reading...Show less
Blocks of zinc.

Zinc Price Update: H1 2024 in Review

2023 was volatile for zinc — as the bottom fell out of the market, it approached its lowest point since July 2020.

As 2024 began, the base metal's price was in the US$2,500 per metric ton (MT) range, but it quickly slid to its year-to-date low of US$2,300 on February 5. Though zinc saw gains through March, it ended Q1 relatively flat.

Q2 began with zinc at US$2,479, but it gained as momentum picked up across commodities markets. Zinc reached a year-to-date high of US$3,139 on May 21 before retreating to close the quarter at US$2,937 on June 28.

Keep reading...Show less
A stack of AU$100 bills.

Metals Acquisition to Invest in Polymetals as Company Plans Endeavor Mine Restart

Metals Acquisition (MAC) (NYSE:MTAL,ASX:MAC) has signed a strategic investment deal with Polymetals Resources (ASX:POL), which is working to restart the Endeavor silver-zinc-lead mine and processing plant.

The transaction will see MAC make an initial AU$2.5 million investment in Polymetals for a 4.31 percent interest in the company. An additional AU$2.5 million is on the table subject to several conditions outlined in a Monday (May 27) press release, including Polymetals securing enough funding to restart the mine and processing plant.

The companies will also have to enter into a water offtake agreement, as well as a tolling agreement for the treatment of zinc ore delivered to Polymetals by MAC. In addition, MAC will have to secure third-party consent for its plans.

Keep reading...Show less
A sign welcoming visitors to Boliden's Tara mine in Ireland.

Boliden Finalizes Agreement to Revive Europe's Largest Zinc Mine

After months of negotiations, Boliden (STO:BOL) has reached an agreementwith worker's unions and local management to reopen the Tara operation, which is Europe’s largest zinc mine.

Tara, operated by the Sweden-based mining company, is an underground zinc and lead mine with a production capacity of 2.6 million metric tons (MT) per year, making it the largest zinc mine in the continent.

Located in Navan, Ireland, the Tara mine's reopening follows its closure in July 2023 due to a combination of challenges, including unfavorable zinc price trends and operational hurdles.

Keep reading...Show less

Trevali Mining Corporation Announces Completion of a Private Transaction for Sale of Prism Resources Inc. Shares.

Trevali Mining Corporation (OTCQX: TREVF) (the "Company") completed a private sale transaction on February 28, 2024 (the "Sale"), pursuant to which the Company disposed of 5,750,000 common shares ("Common Shares") in the capital of Prism Resources Inc. ("Prism") for an aggregate sale price of CAD$100,000 (approximately CAD$0.0174 per share).

On August 19, 2022, the Company sought and obtained an order (the "Initial Order") from the Supreme Court of British Columbia (the "Court") under the Companies' Creditors Arrangement Act (Canada) (the "CCAA"), for an order which provides, among other things, a stay of creditor claims and proceedings. Pursuant to the Initial Order, FTI Consulting Canada Inc. was appointed as the monitor of the Company (the "Monitor").

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×