Shares of This Micro Cap Miner Are Surging on Substantive Access Agreement

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Thursday, March 26, 2026

Some of the most compelling opportunities in junior mining do not involve drilling into undiscovered ground. They involve unlocking value that is already sitting above the surface, waiting on access, permitting, and the right technical framework to bring it into production. In the high-altitude mining districts of central Peru, a long-standing jurisdictional bottleneck has finally been resolved, opening the door to one of the largest surface polymetallic opportunities in the region. This development signals a shift toward reclaiming legacy environmental liabilities and converting them into viable economic assets through modern reprocessing techniques. 

Cerro de Pasco Resources (TSX-Venture: CDPR) (OTCQB: GPPRF) announced today it has entered into an access and investigation agreement with Activos Mineros S.A.C. (AMSAC), a Peruvian state-owned entity responsible for the remediation of legacy mining environmental liabilities. The agreement grants surface access to the entire Quiulacocha Tailings Storage Facility, including areas outside of the company’s existing El Metalurgista concession, which previously covered only 57 of the facility’s 115 hectares. 

The Quiulacocha tailings facility holds an estimated 70M to 75M tonnes of polymetallic material deposited over nearly a century of mining. This material sits largely untouched while the developer navigated one of the more complicated access situations in the sector. Previously, access was available to only part of the tailings footprint. However, this new agreement resolves that constraint by establishing a coordinated framework across the full facility, treating Quiulacocha as a single integrated project rather than managing around the edges of a concession boundary. 

Under the agreement, CDPR is authorized to carry out resource and definition drilling, geotechnical and hydrogeological drilling, geophysical surveys, environmental baseline studies, and the installation of monitoring systems. It also grants access to historical technical and environmental datasets accumulated over decades of prior work at the site. The total consideration is approximately PEN7.2M (US$2.1M) over the initial term, with flexibility for extension as the project advances through permitting milestones. 

With full footprint access now secured, CDPR is targeting the commencement of drilling in the coming months, with initial programs aimed for mid 2026 subject to permitting. The technical workstreams authorized under the agreement form the foundation for a formal mineral resource estimate, feasibility studies, and a comprehensive Environmental Impact Assessment. The company will file a new reprocessing application with Peru’s mining agency to secure the sectorial authorization required to begin EIA preparation. A formal mineral resource estimate is targeted for the second half of 2026. 

CDPR is trading at C$0.67, up 11.67% today. For a project that has been navigating the AMSAC access question for years, today’s announcement represents a genuine inflection point. The resource estimate due in the second half of 2026 will be the next major catalyst, giving the market its first NI 43-101 compliant look at what the full Quiulacocha footprint actually contains.

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