Cerro de Pasco Resources Receives Final Approval to List on the TSX Venture Exchange
Cerro de Pasco Resources (GPPRF) has received final approval to list its common shares on the TSX Venture Exchange (TSXV), effective March 13, 2025. Trading will begin on March 14, 2025, under the symbol 'CDPR'. The company will delist from the Canadian Securities Exchange (CSE) on March 14, while maintaining its listings on OTCQB (GPPRF) and Frankfurt Stock Exchange (N8HP).
The company has initiated a two-phase work program on the El Metalurgista concession. The original budget of $1,024,500 ($508,500 for Phase 1, $516,000 for Phase 2) has been revised due to inflation and additional programs. The updated Phase 1 budget is now $1,607,359, with $620,000 yet to be expended. The work includes data verification for the Excelsior Stockpile and Quiulacocha Tailings drilling and metallurgical testing.
Cerro de Pasco Resources (GPPRF) ha ricevuto l'approvazione finale per quotare le sue azioni ordinarie sulla TSX Venture Exchange (TSXV), con effetto dal 13 marzo 2025. Le contrattazioni inizieranno il 14 marzo 2025, con il simbolo 'CDPR'. L'azienda si ritirerà dalla Canadian Securities Exchange (CSE) il 14 marzo, mantenendo però le sue quotazioni su OTCQB (GPPRF) e sulla Borsa di Francoforte (N8HP).
L'azienda ha avviato un programma di lavoro in due fasi sulla concessione El Metalurgista. Il budget originale di $1,024,500 ($508,500 per la Fase 1, $516,000 per la Fase 2) è stato rivisto a causa dell'inflazione e di programmi aggiuntivi. Il budget aggiornato per la Fase 1 è ora di $1,607,359, con $620,000 ancora da spendere. Il lavoro include la verifica dei dati per l'Excelsior Stockpile e il drilling e testing metallurgico dei tailings di Quiulacocha.
Cerro de Pasco Resources (GPPRF) ha recibido la aprobación final para listar sus acciones comunes en la TSX Venture Exchange (TSXV), con efecto a partir del 13 de marzo de 2025. Las operaciones comenzarán el 14 de marzo de 2025, bajo el símbolo 'CDPR'. La empresa se retirará de la Canadian Securities Exchange (CSE) el 14 de marzo, manteniendo sus listados en OTCQB (GPPRF) y en la Bolsa de Frankfurt (N8HP).
La empresa ha iniciado un programa de trabajo en dos fases en la concesión El Metalurgista. El presupuesto original de $1,024,500 ($508,500 para la Fase 1, $516,000 para la Fase 2) ha sido revisado debido a la inflación y programas adicionales. El presupuesto actualizado para la Fase 1 es ahora de $1,607,359, con $620,000 aún por gastar. El trabajo incluye la verificación de datos para el Excelsior Stockpile y la perforación y pruebas metalúrgicas de los relaves de Quiulacocha.
세로 데 파스코 리소스 (GPPRF)는 TSX 벤처 거래소 (TSXV)에 일반 주식을 상장할 최종 승인을 받았으며, 2025년 3월 13일부터 효력이 발생합니다. 거래는 2025년 3월 14일부터 'CDPR' 기호로 시작됩니다. 회사는 3월 14일 캐나다 증권 거래소 (CSE)에서 상장 폐지되지만, OTCQB (GPPRF)와 프랑크푸르트 증권 거래소 (N8HP)에서는 상장을 유지합니다.
회사는 엘 메탈루르기스타 양허권에 대해 두 단계의 작업 프로그램을 시작했습니다. 원래 예산인 $1,024,500 ($508,500는 1단계, $516,000는 2단계)은 인플레이션 및 추가 프로그램으로 인해 수정되었습니다. 업데이트된 1단계 예산은 이제 $1,607,359이며, 아직 지출되지 않은 금액은 $620,000입니다. 작업에는 엑셀시어 재고 및 퀴울라코차 테일링의 데이터 검증 및 시추와 금속 공학 테스트가 포함됩니다.
Cerro de Pasco Resources (GPPRF) a reçu l'approbation finale pour inscrire ses actions ordinaires sur la TSX Venture Exchange (TSXV), à compter du 13 mars 2025. La négociation commencera le 14 mars 2025, sous le symbole 'CDPR'. La société sera radiée de la Canadian Securities Exchange (CSE) le 14 mars, tout en maintenant ses cotations sur OTCQB (GPPRF) et la Bourse de Francfort (N8HP).
La société a lancé un programme de travail en deux phases sur la concession El Metalurgista. Le budget initial de 1 024 500 $ (508 500 $ pour la phase 1, 516 000 $ pour la phase 2) a été révisé en raison de l'inflation et de programmes supplémentaires. Le budget mis à jour pour la phase 1 est désormais de 1 607 359 $, avec 620 000 $ encore à dépenser. Le travail comprend la vérification des données pour l'Excelsior Stockpile et des forages et tests métallurgiques des résidus de Quiulacocha.
Cerro de Pasco Resources (GPPRF) hat die endgültige Genehmigung erhalten, ihre Stammaktien an der TSX Venture Exchange (TSXV) zu listen, die am 13. März 2025 in Kraft tritt. Der Handel beginnt am 14. März 2025 unter dem Symbol 'CDPR'. Das Unternehmen wird am 14. März von der Canadian Securities Exchange (CSE) abgemeldet, behält jedoch seine Listungen an OTCQB (GPPRF) und der Frankfurter Börse (N8HP).
Das Unternehmen hat ein zweiphasiges Arbeitsprogramm für die El Metalurgista Konzession initiiert. Das ursprüngliche Budget von $1,024,500 ($508,500 für Phase 1, $516,000 für Phase 2) wurde aufgrund von Inflation und zusätzlichen Programmen überarbeitet. Das aktualisierte Budget für Phase 1 beträgt nun $1,607,359, wobei $620,000 noch ausgegeben werden müssen. Die Arbeiten umfassen die Datenverifizierung für das Excelsior Stockpile sowie Bohrungen und metallurgische Tests der Abraumhalden von Quiulacocha.
- Uplisting to TSXV from CSE, potentially increasing visibility and trading liquidity
- Secured funding for comprehensive two-phase work program
- Expanded scope of Phase 1 to include additional geophysical and environmental programs
- 54% budget increase for Phase 1 due to inflation and additional programs ($508,500 to $1,607,359)
MONTRÉAL, March 12, 2025 (GLOBE NEWSWIRE) -- Cerro de Pasco Resources Inc. (CSE: CDPR) (OTCQB: GPPRF) (FRA: N8HP) (“CDPR” or the “Corporation”) is pleased to announce that it has received final approval from TSX Venture Exchange (“TSXV”) for the listing of its common shares (the “Shares”) on the TSXV effective as of the close of market on March 13, 2025. The common shares will commence trading on the TSXV at the opening of market on Friday, March 14, 2025. The Corporation has applied to have its shares delisted from the Canadian Securities Exchange (“CSE”). The last day of trading of the Corporation’s common shares on the CSE will be March 14, 2025. The Corporation will continue to trade under its existing symbol “CDPR” on the TSXV.
The Corporation’s common shares will continue to trade on the United States OTCQB under the symbol “GPPRF”, and on the Frankfurt Stock Exchange under the symbol “N8HP”.
Budgeted Work Program of the Metalurgista Project(1)
As outlined in the Corporation's news release dated March 4, 2025, CDPR has initiated the two-phase work program on the El Metalurgista concession recommended in the technical report titled "National Instrument 43-101 El Metalurgista Concession - Pasco, Peru", prepared for the Corporation by CSA Global and dated March 15, 2021, with an effective date of August 31, 2020 (the "2021 Technical Report"). The 2021 Technical Report is accessible on the Corporation's issuer profile at www.sedarplus.ca.
The 2021 Technical Report recommendations comprised two phases, Phase 1
As a result of the addition of the geophysical program and environmental program along with work toward the items associated with an NI 43-101 technical report, as well as the increase of costs due to inflationary pressures since 2021, the Phase 1 budget was updated to
Phase 2 metallurgical testwork will depend on the outcomes of work completed in Phase 1, especially the geometallurgical study and the metallurgical testwork. At this stage, a work program has only been planned to support the evaluation of potential re-processing of the historical Quiulacocha tailings and the budget for Phase 2 remains the same. Testwork will focus on reproducing Phase 1 results with Phase 2 drill samples and confirming process design.
(1) Kirkham Geosystems (2025). Reconciliation Report: El Metalurgista Project dated February 19, 2025 with an effective date of December 31, 2024.
About Cerro de Pasco Resources Inc.
Cerro de Pasco Resources is focused on the development of its principal
Contact Information
Cerro de Pasco Resources Inc.
Guy Goulet, CEO
Tel.: 579 476-7000
Email: ggoulet@pascoresources.com
Forward-Looking Statements and Disclaimer
Certain information contained herein may constitute “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, “will be”, “expected” or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements, including the expectations of to the Corporation’s objectives, goals or future plans, including the budgeted work program, the Corporation’s management regarding the listing of its shares on the TSXV and delisting from the CSE, are based on the Corporation’s estimates and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Corporation to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Corporation will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
FAQ
When will GPPRF start trading on the TSX Venture Exchange?
What is the total budget for GPPRF's El Metalurgista project work program?
How much of GPPRF's Phase 1 budget remains to be spent?
What work is included in GPPRF's El Metalurgista project program?
