DynaResource, Inc. Files 2023 Annual Report Amendment

TL;DR

DYNR filed its 2023 10-K amendment on Jan 10, 2025. All good.

AI Summary

DynaResource, Inc. filed an amendment (10-K/A) to its annual report for the fiscal year ended December 31, 2023. The filing was made on January 10, 2025. The company is incorporated in Delaware and its principal executive offices are located in Irving, Texas.

Why It Matters

This amendment provides updated or corrected information for DynaResource's 2023 fiscal year, which is crucial for investors to have the most accurate financial and operational data.

Risk Assessment

Risk Level: low — This filing is an amendment to a previous report and does not appear to introduce new material risks.

Key Numbers

• 000-30371 — SEC File Number (Identifies the company's filings with the SEC.)
• 94-1589426 — IRS Number (Company's Employer Identification Number.)

Key Players & Entities

• DYNARESOURCE, INC. (company) — Registrant
• 2023-12-31 (date) — Fiscal year end
• 2025-01-10 (date) — Filing date
• Irving, TX (location) — Principal executive offices

FAQ

Key Financial Figures

• $0.01 — (g) of the Act: Common Stock, par value $0.01 per share Indicate by check mark if t
• $2.02 — 6,616,189 based on the closing price of $2.02 per share as reported on the OTCQX. For
• $1,359,443 — d provides for annual lease payments of $1,359,443 Pesos (adjusted for inflation). The 202
• $4,414,124 — ed for inflation). The 2023 payment was $4,414,124 pesos (approx. $249,000 USD). The lea
• $249,000 — 3 payment was $4,414,124 pesos (approx. $249,000 USD). The lease agreement provides th
• $134,487 — (b) posting of a bond in the amount of $134,487 Pesos to guarantee remediation and reha
• $116,911 — igation to post a bond in the amount of $116,911 Pesos for reforestation and remediation

Filing Documents

• dynr-20231231.htm (10-K/A) — 345KB
• dynr-ex31_1.htm (EX-31.1) — 6KB
• dynr-ex31_2.htm (EX-31.2) — 6KB
• img243551218_0.jpg (GRAPHIC) — 95KB
• img243551218_1.jpg (GRAPHIC) — 48KB
• 0000950170-25-004098.txt ( ) — 940KB
• dynr-20231231.xsd (EX-101.SCH) — 39KB
• dynr-20231231_htm.xml (XML) — 8KB

PROPERTIES

ITEM 2. PROPERTIES Corporate Headquarters The Company leases office space for its corporate headquarters in Las Colinas, Irving, Texas. In February 2023, the Company entered into a 52-month extension of the original lease from September 2017 and added additional office space. As part of the agreement the new lease term commenced and the Company received four months free rent upon completion of the finish out of the expansion space. The expansion was complete and the Company occupied the office space effective August 1, 2023. The Company makes tiered lease payments on the first of each month. Administrative and Logistics Offices DynaMexico maintains administrative and logistics offices in Guamuchil and Matazalan, Mexico, both of which are under month-to-month payment terms. 1 Mining Project Location The San Jose de Gracia mining project ("SJG Project") is located on map sheet G13-A81 in the Culiacan mining district of Sinaloa State, Mexico, at Latitude 26 , 9' N, Longitude 107 , 53' W, approximately 120 kilometers east northeast of the coastal city of Los Mochis. The property on which the SJG Project resides, straddles the border separating the Mexican States of Sinaloa and Chihuahua. The SJG Project is located in the south-western portion of the property, and is located entirely within the State of Sinaloa, as shown in the maps below. DynaMexico owns the San Jose de Gracia mineral concessions, which are comprised of 33 distinct concessions covering an aggregate of approximately 9,920 hectares. The concessions are held 100% by DynaMexico and there are no royalty or other interests. The property on which the SJG Project resides is located in and around the village of San Jose de Gracia, approximately 100 km northeast of Guamuchil, on the west side of Mexico. The village of San Jose de Gracia has a small airstrip and can be accessed by a small airplane, or alternatively, by a dirt mountain road. There are roads providing access to the property on whic

View Full Filing

View this 10-K/A filing on SEC EDGAR