Cerro de Pasco Resources Expands Market Access with Lima Stock Exchange Listing

• Cerro de Pasco Resources began trading on Peru's Lima Stock Exchange on July 17, 2025, broadening its investor base in Latin America
• The company maintains its primary listing on the TSX Venture Exchange while adding the BVL listing to increase regional visibility
• CDPR owns the El Metalurgista mining concession in Peru, focused on reprocessing silver-rich tailings from over a century of mining operations
• The Cerro de Pasco region is known as Peru's "Mining Capital" and represents one of the world's largest above-ground metal resources
• Management expects the Lima listing to attract institutional interest from local funds and stakeholders familiar with the region's mining potential

Strategic Market Expansion

Cerro de Pasco Resources (TSXV: CDPR) has taken a strategic step toward expanding its investor reach by listing its common shares on Peru's Lima Stock Exchange, effective July 17, 2025. The Canadian mining company, which maintains its primary listing on the TSX Venture Exchange, worked with Kallpa Securities S.A.B. as its sponsoring broker for the BVL listing.

The move represents more than just administrative expansion for CDPR. The company's flagship asset, the El Metalurgista mining concession, sits in the heart of Peru's historic mining region of Cerro de Pasco, a city that bills itself as the "Mining Capital" of Peru. This geographic and cultural connection makes the Lima listing particularly meaningful, as it positions CDPR to engage directly with Peruvian investors who understand the historical significance and potential of the region.

Management Perspective

"Cerro de Pasco is emblematic for Peruvians - it's known as the 'Capital Minera,' or 'Mining Capital,' as proudly stated at the city's entrance," said CEO Guy Goulet. "Listing on the Lima Stock Exchange is a natural step for us. It connects CDPR with a broader base of investors who understand the history, significance, and long-term potential of this region. There is strong institutional interest in Lima, and this listing allows us to build relationships with local funds and stakeholders who care deeply about the future of Cerro de Pasco."

Goulet's comments underscore the company's belief that local investors will have a deeper appreciation for the asset's value proposition, given their familiarity with the region's mining heritage and ongoing economic importance to Peru.

The CDPR Business Model

CDPR's business model centers on an environmentally conscious approach to mining through the reprocessing of historic mining waste. The company's concession contains silver-rich mineral tailings and stockpiles that accumulated over more than a century of mining operations at the Cerro de Pasco open pit and underground mine. This approach allows the company to extract value from existing materials while contributing to environmental remediation efforts in the region.

The asset represents one of the world's largest above-ground metal resources, offering a potentially significant opportunity for value extraction without the traditional risks associated with exploration and new mine development. The reprocessing model also aligns with growing investor interest in sustainable mining practices and environmental restoration.

For Investors

The Lima Stock Exchange listing enhances CDPR's market accessibility without diluting existing shareholders, as no new shares were issued for the listing. The dual-listing strategy could improve liquidity and provide price discovery benefits across different time zones and investor bases. The company's focus on reprocessing existing mining waste rather than traditional exploration and development may appeal to ESG-conscious investors, particularly those familiar with Peru's mining legacy. However, investors should note that the company operates in an emerging market with associated political and currency risks, and the success of its tailings reprocessing model will depend on commodity prices, processing efficiency, and regulatory stability in Peru. The expanded investor base through the Lima listing could provide better access to capital for future development phases, though the company's ultimate success will hinge on operational execution at its El Metalurgista concession.