Pasinex Appoints Experienced Mining Executive and Provides Corporate Update
AInvestTuesday, Jan 7, 2025 5:27 pm ET
2min read
CMA --



Pasinex Resources Limited (CSE: PSE) (FSE: PNX) (The "Company" or "Pasinex"), a Canadian mining company focused on high-grade zinc-lead-silver properties in Türkiye and Nevada, has announced a significant leadership change and strategic developments in a recent corporate update. Ian D. Atacan, an experienced financial and mining executive, has been appointed as the new Chief Financial Officer and Corporate Secretary, effective January 1, 2025. This appointment comes as CFO Andrew Gottwald retires, effective December 31, 2024.

Larry Seeley, Executive Chairman of Pasinex, expressed his gratitude towards Andrew Gottwald for his commitment and leadership during his time with the Company. He also highlighted the importance of Ian D. Atacan's appointment, emphasizing his wealth of public company, mining, and regional experience. Seeley is confident that Atacan's expertise will be invaluable as Pasinex advances its projects in Türkiye and embarks on financing its ambitious growth in the coming years.

Ian D. Atacan, the incoming CFO of Pasinex, brings a diverse background and proven track record in financial leadership. With over 25 years of experience in public companies, specializing in corporate strategy, mergers and acquisitions, and financing, Atacan is a Chartered Professional Accountant (CPA, CMA) and holds an MBA from London, UK. His strong technical foundation as an Electrical and Electronics Engineer, earned from Bilkent University, further enhances his capabilities. Atacan's extensive career spans both Europe and Canada, where he has held roles in globally recognized organizations such as Sprint, Alcatel, DHL Worldwide Express, and Procter & Gamble. For the past 14 years, Atacan has served as Director, Corporate Secretary, and CFO for publicly listed companies, demonstrating his expertise in managing complex financial operations and strategic initiatives.

Atacan's appointment aligns with Pasinex's strategic goals for the near term and long term. His deep insights into the local mining industry and business landscape in Türkiye, gained from his previous role as CFO of a Turkish zinc recycling company for eight years, position him to drive growth and deliver value to shareholders. Atacan's expertise in managing complex financial operations and strategic initiatives will be crucial as Pasinex advances its projects in Türkiye and embarks on financing its ambitious growth in the next several years. Additionally, Atacan's regional experience and understanding of the local mining industry will help Pasinex navigate ongoing legacy lawsuits and capitalize on Türkiye's zinc mining opportunities in the near term.

Pasinex's commitment to exploring and developing high-grade zinc resources in the region is further solidified by the acquisition of the Sarikaya License. Situated in Kayseri province, Türkiye, the Sarikaya License is currently being mined on a small scale, underscoring its high-grade zinc potential and strategic importance. The option to acquire 100% of the license provides Pasinex with the opportunity to fully control and develop the resource, potentially leading to increased production and revenue.



In addition to the appointment of Ian D. Atacan, Pasinex has also announced leadership changes at Pasinex AŞ. Aydın Şen, Exploration Manager of Pasinex AŞ, has been appointed as General Manager of Pasinex AŞ. With over 20 years of expertise in mineral exploration and management, Şen has worked with prominent companies such as Rio Tinto, Teck Resources, and Savannah Resources, contributing to discoveries and developments in zinc, copper, gold, and other minerals across Türkiye, Mozambique, and West Africa. Additionally, Özlem Altunal has been appointed as Financial Manager of Pasinex AŞ. Altunal brings extensive financial expertise, having managed accounting operations for Horzum AŞ for five years and represented Pasinex AŞ on the Horzum AŞ Board for three years.

These leadership appointments underscore Pasinex's dedication to leveraging local expertise and enhancing operational efficiency as the company positions itself for sustainable growth. With a strong leadership team and a commitment to exploring and developing high-grade zinc resources in the region, Pasinex is well-positioned to capitalize on the opportunities in Türkiye's mining industry.

In conclusion, Pasinex's appointment of Ian D. Atacan as Chief Financial Officer and the acquisition of the Sarikaya License demonstrate the company's commitment to strategic growth and development in the region. With a strong leadership team and a focus on high-grade zinc resources, Pasinex is poised to deliver value to shareholders and make a significant impact in the mining industry.
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