Cerro de Pasco Resources Announces Private Placements of up to $15 Million

Core Points - Cerro de Pasco Resources Inc. is conducting a private placement to raise up to $15 million by offering up to 31,250,000 units at a price of $0.48 per unit [1][3] - Each unit consists of one common share and one half of a common share purchase warrant, with the warrant allowing the purchase of an additional share at $0.68 for 24 months [2] - The proceeds will be used for advancing the Quiulacocha Tailings Project and for general corporate purposes [3] Financial Details - The offering is expected to close around November 6, 2025, subject to necessary approvals [6] - Agents will receive a cash fee of 6% of the gross proceeds and broker warrants equivalent to 6% of the offering [7] Company Overview - Cerro de Pasco Resources focuses on the El Metalurgista mining concession, which contains silver-rich mineral tailings and stockpiles from over a century of mining operations [9] - The company's strategy involves reprocessing mining waste and environmental remediation, contributing to a circular economy [9]