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Cerro from Pasco Resources announces green hydrogen start-up

CSE: CDPR

MONTREAL, December 15, 2021 / CNW Telbec / – Cerro Resources of Pasco Inc. (CSE: CDPR) (Frankfurt: N8HP) (“CDPR” or the “Company”) is pleased to announce that CDPR and Prof Dr Bernhard Dold have incorporated a German company, H2-SPHERE GmbH (“H2-SPHERE“), to develop the large-scale conversion of mineral waste into green hydrogen and other valuable components, beyond metals. Under the constitution, CDPR holds 80% of the share capital and undertakes to finance future development led by Professor Dr Dold.

Logo of Cerro Resources of Pasco Inc. (CNW Group / Cerro Resources of Pasco Inc.)

In keeping with the company’s continued commitment to permanently reprocess and remediate the vast deposits of mineral waste stored during a century of mining at Cerro de Pasco, CDPR will provide funding to H2-SPHERE to develop an industrial technique for producing green hydrogen from pyrite in its El Metalurgista concession in Cerro de Pasco. The development will allow CDPR to create significant added value and, at the same time, permanently eliminate one of the most critical problems in metal extraction, that of acid mine drainage (DMA).

Pyrite, when in contact with oxygen and water, will produce acidic conditions, due to the formation of sulfuric acid in an exothermic reaction. If this natural process is accelerated in a controlled industrial process, green hydrogen can be produced in addition to other valuable by-products and further uncontrolled environmental pollution can be avoided. Unlike other hydrogen production techniques (ie, blue, gray, brown), which induce high CO emissions2, green hydrogen uses only carbon-free energy sources. The use of green hydrogen in industries that consume a particularly high level of energy, such as steel, aluminum, cement, heavy transport and mining is seen as the key element to create a carbon-free industrial revolution to mitigate the effects of human-induced climate. cash. For this reason, the large industrial conglomerates of Europe and around the world are gearing up for this transition, announcing major investments over the coming decades.

Teacher. Dr Bernhard Dold: “Our vision with this development is to add a piece to the puzzle of the future energy mix while eliminating environmental pollution and mitigating climate change, in line with the United Nations vision of a waste-free world. This will be a step forward. towards achieving resource efficiency for a sustainable green industrial revolution. “

Guy Goulet, CEO: “This is an exciting development for CDPR. We maintain our vision, to make Cerro de Pasco an emblematic case of environmental devastation into a showcase for green mining with enormous economic and social benefits ”.

About Pasco Cerro Resources Inc.

Cerro de Pasco Resources Inc. is a resource management company attentive to the most demanding environmental, social and legal compliance required by global institutions and investors. The key strategic strength of the company is an unparalleled knowledge of the challenges and opportunities presented by the mineral endowment of the town of Cerro de Pasco, combined with a highly experienced and practical Peruvian and international management team. The company will primarily focus on the development of the El Metalurgista mining concession using advanced geo-resource and industrial development solutions to ensure long-term economic sustainability in harmony with a healthy and prosperous local population.

Forward-looking statements and disclaimer

Certain information contained in this document may constitute “forward-looking information” or “forward-looking statements” under Canadian securities laws. Generally, forward-looking information can be identified by words such as “pro forma”, “plans”, “expects”, “could”, “should”, “could”, “will”, “budget” , “Expected”, “believes”, “plans”, “intends”, “anticipates”, “believes” or variations, including negative variations of these words and expressions which refer to certain actions, events or results that can occur, be taken or achieved. These forward-looking statements, including, but not limited to, statements relating to the expected development and operations of the Company and H2-SPHERE, involve risks, uncertainties and other factors which may cause actual results to differ materially from those expressed or implied by such forward-looking statements or forward-looking information. These factors include, among others, risks associated with exploration, development and mining operations; the impacts of macroeconomic developments as well as the impact of the COVID-19 pandemic; and any material adverse effect on the business, properties and assets of the Company or H2-SPHERE. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Therefore, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company will not update any forward-looking statements or forward-looking information included herein, except as required by applicable securities laws.

SOURCE Cerro Resources of Pasco Inc.

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