Cerro de Pasco Resources (CSE:CDPR, OTC:GPPRF) said on Wednesday that it has received final approval from the TSX Venture Exchange (TSXV) to list its shares.
Trading is set to begin on March 14 under its existing ticker ‘CDPR.’
The company, which focuses on resource development in Peru, has applied to delist its shares from the Canadian Securities Exchange (CSE), with the last day of trading on that exchange also set for March 14. Its shares will continue trading on the OTCQB in the United States under the symbol ‘GPPRF’ and on the Frankfurt Stock Exchange under ‘N8HP.’
Cerro de Pasco also provided an update on its two-phase work program at the El Metalurgista concession in Pasco, Peru. The program, outlined in a 2021 technical report, focuses on evaluating potential reprocessing of historical tailings at the Quiulacocha site.
The budget for Phase 1, originally set at $508,500, has been increased to $1.61 million due to additional geophysical and environmental studies as well as inflationary cost pressures. The company said $620,000 of this revised budget remains to be spent.
Phase 2, which includes metallurgical testwork, will be contingent on results from Phase 1, particularly geometallurgical studies.
The budget for Phase 2 remains unchanged at $516,000.