Cerro de Pasco Resources Inc. announces a private placement offering, with 31,250,000 units offered at $0.48 per unit for gross proceeds of $15,000,000. An additional $7,000,000 may be raised through a concurrent private placement. Each unit includes one common share and one-half of a warrant. Proceeds will be used for the Quiulacocha Tailings Project and general corporate purposes. The offering is expected to close on November 6, 2025. The securities will be freely tradeable, and agents will receive a 6.0% cash fee and broker warrants.
Cerro de Pasco Resources Inc. focuses on developing the El Metalurgista mining concession in Central Peru, known for its silver-rich mineral tailings. The company aims for reprocessing and environmental remediation of mining waste, creating opportunities in a circular economy. The asset is one of the world’s largest above-ground resources. For more information, contact CEO Guy Goulet. The company cautions that forward-looking statements are subject to risks and uncertainties.
Read more at GlobeNewswire: Cerro de Pasco Resources Announces Amendment to LIFE
