Cerro de Pasco Resources' Settlement Agreement with Trevali

MONTRÉAL, Dec. 12, 2025 (GLOBE NEWSWIRE) -- Cerro de Pasco Resources Inc. (“CDPR” or the “Company”) announces that it has entered into a settlement agreement (the “Settlement Agreement”) with FTI Consulting Canada Inc., in its capacity as court-appointed monitor of Trevali Mining Corporation (the “Monitor”), and with Trevali Mining Corporation (“Trevali”), resolving all claims and counterclaims in the arbitration relating to the Share Purchase Agreement for Trevali Peru S.A.C. and the Santander Mine (the “Settlement”).

Cerro de Pasco Resources Inc. has recently announced the execution of a settlement agreement with Trevali Mining Corporation. This agreement aims to resolve various disputes between the two companies, which primarily stem from Trevali’s restructuring and the financial challenges associated with their former operations in the Pasco region of Peru.

The settlement involves the negotiation of certain financial aspects that will allow Cerro de Pasco Resources to move forward while addressing past liabilities. With this agreement, Cerro de Pasco Resources seeks to solidify its position and enhance its operational strategy by reducing uncertainties tied to the previous ownership of the assets.

This announcement is significant as it opens avenues for future collaborations and investment opportunities in the Peruvian mining sector. The settlement is anticipated to provide a clearer path for Cerro de Pasco Resources to pursue its strategic objectives, including potential developments and enhancements in their mining operations.

The management of Cerro de Pasco Resources expressed optimism about the settlement, emphasizing a positive outlook on the company’s future and reaffirming their commitment to responsible mining practices. Their strategy includes improving operational efficiencies and ensuring compliance with environmental and social governance standards.

As part of this settlement, both companies have agreed to terms that respect their operational boundaries and future aspirations in the mining industry. This includes addressing community interests and engaging with local stakeholders to further develop sustainable practices in mining operations.