Environmental remediation
Search documents
Cerro de Pasco Resources Inc. Announces Execution of Settlement Agreement with Trevali Monitor
Globenewswire· 2025-12-12 13:30
Core Viewpoint - Cerro de Pasco Resources Inc. has reached a settlement agreement with FTI Consulting Canada Inc. and Trevali Mining Corporation, resolving all claims related to the Share Purchase Agreement for Trevali Peru S.A.C. and the Santander Mine, pending court approval [1][2]. Settlement Details - The settlement is subject to court approval, with a hearing scheduled for December 16, 2025 [2]. - The settlement will eliminate all Trevali-related liabilities from the company's balance sheet, including a purchase price payable of USD 1,584,164 and a contingent consideration payable of USD 2,500,000, totaling a reduction of USD 4,084,164 [5]. - Following court approval, the parties will jointly instruct the arbitrator to terminate the arbitration and release CAD 700,000 security for costs back to the Monitor [8]. Financial Impact - The removal of Trevali-related liabilities is expected to result in a material gain on settlement when reflected in the company's financial reporting [5]. - The company will pay CAD 2,000,000 in full and final settlement of all claims brought by Trevali and the Monitor within 10 days of the arbitrator's termination order [8]. Management Commentary - The CEO of Cerro de Pasco Resources expressed satisfaction with the resolution, stating it removes the remaining exposure associated with the historic Trevali transaction and allows the company to focus on advancing core projects in Peru [6]. Company Focus - Cerro de Pasco Resources is focused on developing its wholly-owned El Metalurgista mining concession in central Peru, which contains silver-rich tailings and stockpiles from over a century of mining [6]. - The company's strategy includes reprocessing and remediating historic mining waste to unlock value while supporting sustainable development [7].
Perma-Fix to Present at Gabelli Funds' 11th Annual Waste & Environmental Services Symposium in New York City on April 3rd
Newsfilter· 2025-03-31 14:00
Company Overview - Perma-Fix Environmental Services, Inc. is a nuclear services company specializing in environmental remediation and mixed waste management services [3] - The company provides management and treatment of radioactive and mixed waste for various clients, including hospitals, research labs, federal agencies, and the commercial nuclear industry [3] - Perma-Fix operates four nuclear waste treatment facilities and offers a range of services including project management, environmental remediation, decontamination, and radiological protection [3] Upcoming Event - The company will present at Gabelli Funds' 11th Annual Waste & Environmental Services Symposium on April 3rd, 2025, at the Harvard Club in New York City [1] - Mark Duff, CEO, and Ben Naccarato, CFO, are scheduled to present at 1:15 PM ET and will also engage in one-on-one meetings with qualified investors during the conference [1][2] - The symposium focuses on waste, water treatment, and environmental themes, featuring presentations from senior management of leading companies [2]