DYNARESOURCE, INC. Files Material Definitive Agreement

TL;DR

DYNARESOURCE, INC. signed a material definitive agreement on 10/21/24.

AI Summary

On October 21, 2024, DYNARESOURCE, INC. filed an 8-K report detailing a material definitive agreement. The filing also includes financial statements and exhibits, with the report being filed as of October 25, 2024.

Why It Matters

This filing indicates a significant new contract or partnership for DYNARESOURCE, INC., which could impact its future operations and financial performance.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new risks or opportunities, the specifics of which are not detailed in this initial 8-K filing.

Key Numbers

• 000-30371 — Commission File Number (Identifies the company's SEC filings)
• 94-1589426 — IRS Employer Identification No. (Company's tax identification number)

Key Players & Entities

• DYNARESOURCE, INC. (company) — Registrant
• October 21, 2024 (date) — Date of earliest event reported
• October 25, 2024 (date) — Date filed
• Delaware (jurisdiction) — State of incorporation
• 222 W. Las Colinas Blvd. Suite 1910 - North Tower (address) — Principal Executive Offices
• Irving, Texas (location) — City and State of Principal Executive Offices

FAQ

Key Financial Figures

• $9 million — e) (the "Agreement") to convert up to US$9 million of the Temporary Increase and its then-
• $1.61 — the Company at a conversion price of US$1.61 per share. The Amendment was entered in

Filing Documents

• dynr-20241021.htm (8-K) — 42KB
• dynr-ex10_1.htm (EX-10.1) — 36KB
• 0000950170-24-117445.txt ( ) — 197KB
• dynr-20241021.xsd (EX-101.SCH) — 25KB
• dynr-20241021_htm.xml (XML) — 5KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On October 21, 2024, DynaResource, Inc. (the "Company") caused its wholly-owned subsidiary, DynaResource de Mxico S.A. de C.V. ("DynaResource Mexico"), to enter into an Amendment Agreement with Ocean Partners Holdings Limited's affiliate, MK Metal Trading Mexico, S.A. de C.V. (the "Amendment"), pursuant to which DynaResource Mexico agreed to forego its right under that certain Gold Concentrate Purchase Agreement dated February 1, 2021 (as amended to date) (the "Agreement") to convert up to US$9 million of the Temporary Increase and its then-current Revolving Credit Facility (each as defined in the Agreement) into equity securities of the Company at a conversion price of US$1.61 per share. The Amendment was entered into in consideration of Ocean Partners Holdings Limited and its affiliates' (collectively, "Ocean Partners") continued support of the business of the Company and its affiliates, including the purchase of the Company's and its affiliates' products and Ocean Partners' participation in the Company's recently reported private offering that closed on October 18, 2024. The foregoing summary of the Amendment is qualified in its entirety by reference to the full text of the Amendment, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein in its entirety by reference.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. d) Exhibits Exhibit No. Description 10.1 Amendment Agreement #5 dated October 21, 2024 between DynaResource de Mxico S.A. de C.V. and MK Metal Trading Mexico, S.A. de C.V. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. DYNARESOURCE, INC. Date: October 25, 2024 By: /s/ Rohan Hazelton Rohan Hazelton, Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR