Cerro de Pasco Resources completes bulk sampling, grants 10.6M stock options

Cerro de Pasco Resources Inc. (TSXV: CDPR) completed Phase 1 bulk sampling at its Quiulacocha Tailings Project in Peru and granted 10.6 million stock options to directors, officers, employees and consultants, according to a company statement.

The company collected approximately 12.3 tonnes of raw bulk material from December 16-19, 2025, through shallow excavation at the Quiulacocha tailings facility. The material was packaged and transported to Lima under frozen conditions for laboratory chemical analysis and metallurgical testing.

During 2025, the company completed technical programs including mineralogy, metallurgy, rheology, geotechnical and hydrogeological studies within the El Metalurgista concession. Environmental baseline programs were conducted at more than 60 locations across wet and dry seasons.

The company closed a Declaración de Impacto Ambiental related to Phase 1 drilling and submitted another for Phase 2 drilling activities. A surface use agreement was executed with the Community of Quiulacocha for ongoing access to technical activities.

The stock options are exercisable at CAD $0.68 per share for periods of two or five years from December 16, 2025. Options granted to consultants vest over 12 months.

Cerro de Pasco Resources entered into a consulting agreement with 1473632 BC Ltd. on November 17, 2025, for strategic advisory services. The Vancouver-based firm will receive CAD $25,000 per quarter for one year, totaling CAD $100,000.

The company focuses on reprocessing silver-rich tailings and stockpiles at its El Metalurgista mining concession in central Peru, which contains waste accumulated over more than a century of mining operations.

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