Ressources Cerro de Pasco Secures Project Development Financing from U.S. DFC for Quiulacocha in Peru
Ressources Cerro de Pasco Inc. has signed a project development financing agreement with the U.S. International Development Finance Corporation (DFC) for the Quiulacocha project in Peru. The DFC will provide up to $5 million contingent on achieving key milestones, with a potential for an additional $300 million in long-term loans for project construction. Quiulacocha is a significant mining resource aimed at recovering silver, base metals, gallium, and indium.
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Ressources Cerro de Pasco Inc. concluded a financing agreement with the U.S. DFC for the Quiulacocha project in Peru, providing up to $5 million for development, contingent on key milestones. The DFC may also offer up to $300 million in long-term loans for construction, subject to project development completion, due diligence, and internal credit approvals.
Quiulacocha is a major source of mining residues, targeting recovery of silver, base metals, gallium, and indium. The project includes sonic drilling, geotechnical studies, feasibility analysis, and environmental impact assessments. The DFC's support marks a significant advancement for the project.
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