Business
Cerro de Pasco Resources Inc. Announces Execution of Settlement Agreement with Trevali Monitor
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
About this update from Trevali Mining Corp.
[{"type":"image","alt":"Cerro de Pasco Resources","displaySize":"","headline":null,"caption":"Cerro de Pasco Resources","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":159,"url":"https://media.zenfs.com/en/globenewswire.com/6649bf9041185961b067084225962fe6"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/0Vde421D1H0S4wbp8VZxDQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTIyMztjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/6649bf9041185961b067084225962fe6","width":300,"height":159}},"lazy":false},{"type":"text","content":"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”).","length":524,"tagName":"p"},{"type":"text","content":"The Settlement is subject to court approval, as Trevali remains in creditor protection under the Companies’ Creditors Arrangement Act. The Monitor is bringing an application in the Supreme Court of British Columbia set to be heard December 16, 2025 for approval of the Settlement.","length":280,"tagName":"p"},{"type":"text","content":"Background","length":10,"tagName":"p"},{"type":"text","content":"As disclosed in the Company’s financial statements, CDPR recorded a purchase price payable and a contingent consideration payable associated with the 2021 acquisition of the Santander Mine. These amounts have been the subject of a dispute between CDPR and Trevali, as previously disclosed. In December 2024, the Monitor commenced arbitration proceedings related to this dispute. CDPR responded to the claim in February 2025 and brought a counterclaim seeking to set off any amounts found to be due and owing to Trevali against losses incurred by CDPR in relation to the Santander Mine acquisition.","length":597,"tagName":"p"},{"type":"text","content":"Settlement Summary","length":18,"tagName":"p"},{"type":"text","content":"Under the terms of the signed Settlement:","length":41,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","conte...