News

DynaResource Announces $1.0 Million Financing from Ocean Partners

·
DynaResource Announces $1.0 Million Financing from Ocean Partners

Executive Summary

DynaResource, Inc. successfully closed a non-brokered private placement of $1.0 million with Ocean Partners UK Limited, issuing 833,333 common shares at $1.20 per unit. The financing provides critical near-term capital support for the junior gold producer as it continues operational improvements at its San Jose de Gracia mining district in Sinaloa, Mexico.

The company plans to deploy the proceeds strategically to strengthen its balance sheet while management focuses on enhancing grade performance and operational productivity. Additionally, funds will support the recovery of Impuesto al Valor Agregado (IVA) tax payments related to their wholly-owned Mexican subsidiary, indicating ongoing administrative challenges in their international operations.

CEO Rohan Hazelton emphasized the financing's importance for executing operational improvements and key value-driving initiatives while maintaining financial discipline. The company's focus on enhancing mine performance positions it for potential longer-term strategic growth, though the relatively modest financing size suggests DynaResource is managing capital carefully in what appears to be a challenging operational environment.

As a junior gold producer trading on the OTCQX, DynaResource operates in a competitive sector where operational efficiency and cost management are critical for success. The company's emphasis on grade improvement and productivity gains at the historic San Jose de Gracia district reflects broader industry trends toward optimizing existing assets rather than pursuing aggressive expansion. The involvement of Ocean Partners UK Limited as the sole investor suggests confidence from institutional capital in DynaResource's operational turnaround strategy.
🤖

AI-Generated Summary. This was written by a robot, not a human. It may contain errors, hallucinations, or confident-sounding nonsense. Always verify facts against the original source before making any decisions.

Read Original Source

Press Release

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 $1,000,000 (the ‘Offering) with Ocean Partners UK Limited (“Ocean Partners”).

The Company issued a total of 833,333 common shares (each a ‘unit’) at a price of $1.20 per unit.

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 in**@**********ce.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

Aggregated Content

This article was imported from an RSS feed. Content and accuracy are the responsibility of the original publisher.