---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-23-010439"
form_type: "8-K"
ticker: "DYNR"
cik: "0001111741"
company_name: "DYNARESOURCE, INC."
filed_at: "2023-08-10T23:59:59+00:00"
generated_at: "2026-06-11T16:29:41.754392+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# DynaResource sells 1M shares to Ocean Partners for $5M; extends offtake agreement to 2026

## Summary
- Issued 1M shares at $5/share to Ocean Partners, raising $5M.
- Extended offtake agreement with MK Metal Trading through Dec 2026 with evergreen annual renewals.
- Increased advance credit line under offtake to $17.5M; option to convert up to $10M to revolving credit at SOFR+7.5%.
- Ocean Partners to appoint one director to DynaResource board, subject to board approval.
- Proceeds to expand test mining/milling at San Jose de Gracia gold project and for exploration.

## SEC filing metadata
- accession: 0001654954-23-010439
- form_type: 8-K
- ticker: DYNR
- cik: 0001111741
- company_name: DYNARESOURCE, INC.
- filed_at: 2023-08-10T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1111741/000165495423010439/0001654954-23-010439-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1111741/000165495423010439/dynr_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-010439
- JSON: https://secwatch.observer/filing/0001654954-23-010439.json
- Plain text: https://secwatch.observer/filing/0001654954-23-010439.txt

## Key facts
- Material Agreements
  DYNARESOURCE, INC. entered into Stock Purchase Agreement with Ocean Partners (effective 2023-08-02).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Ocean Partners
  - Effective: 2023-08-02
  source text: nto (1) an Amendment Agreement (the “Amendment”) to the Gold Concentrate Purchase Agreement dated February 1, 2021, as amended (the “Offtake Agreement”) by and between the Company’s affiliate, DynaResource de Mexico, SA de CV (“Dyna Mex”), and an affiliate of Ocean Partners UK Limited (“Ocean Partners”), MK Metal Trading Mexico SA de CV (“Buyer”), and (2) a Stock Purchase Agreement (the “Stock Purchase Agreement”) by and between the Company and Ocean Partners.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1111741/000165495423010439/0001654954-23-010439-index.htm
- Material Agreements
  DYNARESOURCE, INC. entered into Amendment with an affiliate of Ocean Partners UK Limited (“Ocean Partners”), MK Metal Trading Mexico SA de CV (“Buyer”) (effective 2023-08-02).
  - Action: entry
  - Agreement: supply
  - Counterparty: an affiliate of Ocean Partners UK Limited (“Ocean Partners”), MK Metal Trading Mexico SA de CV (“Buyer”)
  - Effective: 2023-08-02
  source text: On August 2, 2023, the Company entered into (1) an Amendment Agreement (the “Amendment”) to the Gold Concentrate Purchase Agreement dated February 1, 2021, as amended (the “Offtake Agreement”) by and between the Company’s affiliate, DynaResource de Mexico, SA de CV (“Dyna Mex”), and an affiliate of Ocean Partners UK Limited (“Ocean Partners”), MK Metal Trading Mexico SA de CV (“Buyer”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1111741/000165495423010439/0001654954-23-010439-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.