Northwire Canada EditionTuesday, November 10, 2026
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Gold 4,030.20 −2.0% Silver 51.29 −2.7% Copper 6.23 −1.9% Oil 86.48 −0.4% Palladium 1,023.75 +0.2% SMP 0.050 +0.0% FUSE 0.020 −20.0% COPR 0.380 +1.3% WSK 0.170 +0.0% GAL 0.375 −1.3% VCG 1.05 +2.9% LVX 0.255 −25.0% RAMP 0.250 −7.4% QTWO 1.71 +5.9% SUM 1.28 −3.0% SGML 7.44 −10.9% BOGO 0.750 −5.1% SGC 0.095 +0.0% MANU 0.172 +15.0% GMA 0.200 +0.0% ONAU 0.460 −3.2% Gold 4,030.20 −2.0% Silver 51.29 −2.7% Copper 6.23 −1.9% Oil 86.48 −0.4% Palladium 1,023.75 +0.2% SMP 0.050 +0.0% FUSE 0.020 −20.0% COPR 0.380 +1.3% WSK 0.170 +0.0% GAL 0.375 −1.3% VCG 1.05 +2.9% LVX 0.255 −25.0% RAMP 0.250 −7.4% QTWO 1.71 +5.9% SUM 1.28 −3.0% SGML 7.44 −10.9% BOGO 0.750 −5.1% SGC 0.095 +0.0% MANU 0.172 +15.0% GMA 0.200 +0.0% ONAU 0.460 −3.2%
Financings

Cerro de Pasco Resources Enters Project Development Funding Agreement with U.S. International Development Finance Corporation for Quiulacocha

U.S. Government Backing Validates World’s Largest Above-Ground Metal Resource

By The Northwire Desk — AI Analysis Mar 02, 2026 · 09:42 CDPR · 0.74 Cerro De Pasco Resources Inc.
Executive Summary

The most recent news (March 02, 2026) announces that Cerro de Pasco Resources (CDPR) has entered into a Project Development Funding Agreement with the U.S. International Development Finance Corporation (DFC). The DFC will provide up to US$5 million in milestone-based funding for technical studies (Sonic drilling, Feasibility Study, ESIA) on a 1:1 matching basis. Crucially, the DFC is also "considering" providing up to US$300 million in long-term direct loan financing for the construction of the Quiulacocha Tailings Reprocessing Project. This follows a trading halt implemented by CIRO earlier that morning.

Material Impact

This news is Material - Positive and borders on a "Game Changer" for several reasons: - Sovereign Validation: Direct support from a U.S. government agency (DFC) provides a massive layer of political and financial de-risking for a project located in Peru. - Strategic Metal Focus: The explicit mention of Gallium and Indium—metals critical to U.S. defense and semiconductors—shifts the project's narrative from a simple silver/zinc play to a strategic asset in the global supply chain. - Path to CAPEX: While the $5M is incremental, the $300M potential loan addresses the single largest hurdle for junior developers: construction financing. - Comparison to History: Looking at the 2025 news flow, the company successfully cleared its balance sheet (Trevali settlement) and raised $22.7M with Eric Sprott. This DFC agreement is the logical "next level" of institutional validation.

CDPR · Price
Company Overview

CDPR is focused on the "circular economy" of mining, specifically the Quiulacocha Tailings Project in Peru. - Flagship: Quiulacocha contains an estimated 75 million tonnes of historical tailings. - Resource: Recent drilling confirmed 5.5 oz/t AgEq, with significant concentrations of Gallium (53.2 g/t). - Advantage: Above-ground resource means no explosives or traditional underground mining, leading to lower extraction costs ($1-$2/ton).

Read the original news release →

More from Cerro De Pasco Resources Inc.

Nov 03, 2026 · 05:00

Cerro De Pasco advances phase 2 drilling at Quiulacocha to target a maiden resource by q3 2027.

Drill Results Oct 21, 2026 · 07:25

Cerro De Pasco secures Quiulacocha tenure, adding $6.65m in costs and royalties to the unproven asset.

M&A / Property Oct 12, 2026 · 16:01

Cerro De Pasco acquired Quiulacocha tailings rights via AMSAC auction to reprocess the deposit containing 1.2 g/t gold and 10.5 g/t silver over 2-4 m widths.

M&A / Property Jun 09, 2026 · 09:44

Cerro De Pasco’s Quiulacocha tailings pilot yields high silver recovery ahead of the first resource estimate to validate scale.

Technical Study Apr 29, 2026 · 07:00

OTCQX Upgrade Validates Compliance, But Project Catalysts Remain the True Valuation Drivers

Regulatory Apr 13, 2026 · 08:03

Cerro de Pasco Aligns Disclosure Ahead of June Drill Start on Peru Tailings

Production / Operations