Cerro de Pasco raised $22.7M to advance its Quiulacocha Tailings Project, with Eric Sprott investing $4M.

Cerro de Pasco Resources closed a $22.7 million financing through a combined brokered LIFE offering and non-brokered private placement, raising $14.99 million and $7.74 million respectively. The funds will advance the Quiulacocha Tailings Project toward feasibility and pre-construction. Eric Sprott invested approximately $4 million through his entity, reinforcing his stake. The offering included 47.37 million units at $0.48 each, each with one share and half a warrant exercisable at $0.68 until November 2027. Securities from the LIFE portion are freely tradable; those from the non-brokered part are subject to a hold period until March 8, 2026. The transaction qualified for exemptions under Canadian securities rules.