Cerro de Pasco Resources Secures Funding for Quiulacocha Project

MONTRÉAL, March 02, 2026 (GLOBE NEWSWIRE) -- Cerro de Pasco Resources Inc. (TSXV: CDPR) (OTCQB: GPPRF) (BVL: CDPR) announces that it has entered into a Project Development Funding Agreement (the “Agreement”) with the U.S. International Development Finance Corporation (“DFC”), the development finance institution of the United States Government.

Cerro de Pasco Resources Inc. recently announced a pivotal development in its efforts to advance the Quiulacocha project, as they have entered into a funding agreement with the U.S. International Development Finance Corporation (DFC). This collaboration marks a significant milestone for the project, which is located in Peru and aims to address environmental and community concerns through sustainable mining practices.

The funds provided by the DFC are aimed at supporting the project's development phase, which is crucial for the company’s strategic initiatives. The Quiulacocha project holds the potential to contribute actively to the local economy while also adhering to environmental sustainability standards. This funding agreement underscores the commitment of both entities towards promoting responsible mining and fostering local community welfare.

The DFC, as part of the U.S. government's effort to facilitate economic growth and development in underprivileged regions, will play a vital role in shaping the operational strategy of the Quiulacocha project. The partnership is expected to not only boost the company's financial stability but also enhance its outreach initiatives aimed at engaging with the local population and addressing their needs effectively.

Moreover, Cerro de Pasco Resources is focused on incorporating innovative technologies and practices within its operations to minimize the ecological impact often associated with mining activities. By leveraging the funding from the DFC, the company intends to implement advanced techniques that can improve efficiency and reduce waste, leading to a more sustainable operation.

As the project moves forward, awareness of community engagement will be paramount. Cerro de Pasco Resources plans to establish dialogues with local stakeholders to understand their concerns and expectations, ensuring that the project aligns with the broader goals of sustainable development. This approach not only facilitates transparency but also fosters trust, crucial for long-term success.

Overall, the funding agreement with the DFC positions the Quiulacocha project on a promising path. It highlights the importance of public and private partnerships in driving sustainable development in the mining sector and exemplifies how responsible resource management can benefit both the economy and the environment.