Tinka Resources has initiated a strategic review to evaluate potential alternatives for maximizing shareholder value and has cancelled its previously announced non-brokered private placement. As a result, planned drilling activities at the Ayawilca project in Peru have been deferred.
Tinka Resources has announced an extension of its non-brokered unit private placement to February 4, 2025. The offering aims to raise up to C$5,000,000 to fund drilling at the Ayawilca and Silvia properties.
Tinka Resources released Preliminary Economic Assessment (PEA) results for its Ayawilca zinc-silver project in Peru. Despite the project's potential, the company's share price declined by 22% following the announcement, potentially due to market expectations or broader zinc market weakness.
Tinka Resources has released an updated mineral resource estimate for the Ayawilca project in Peru. The update shows meaningful resource growth and a conversion of inferred resources into the indicated category.
