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].