Element 29 Resources Inc. announces that, subject to regulatory approval, has retained San Diego Torrey Hills Capital, Inc. to increase awareness about the Company through its established relationships with investment professionals, investment advisors, and money managers in the United States. Torrey Hills has been engaged at a rate of US$8,000 per month for a term of three months. Torrey Hills is arm's length to Element [...]
Element 29 Resources Inc. announces results from the first two drill holes from its 2,249.8 metre Phase-III diamond drill program at its Elida Porphyry Copper - Molybdenum - Silver Deposit in central Perú . The Company continues to intersect long intervals of Cu-Mo-Ag mineralization starting near surface and extending to vertical depths of over 1000 m highlighting the potential for further resource expansion. The [...]
Element 29 Resources Inc. is pleased to provide the following letter to shareholders. Fellow Shareholders, In 2024, Element 29 Resources celebrated several significant milestones, highlighted by a major leadership transition. As the company's founder and former Chair, I, Richard Osmond, stepped into the President and CEO role. We also welcomed Manuel Montoya as Chief Technical Officer, who brings extensive experience in [...]
Element 29 Resources Inc. announces the Company has completed the first two drill holes, for 2,249.8 metre , from the Phase-III diamond drill program at its Elida Porphyry Copper - Molybdenum - Silver Deposit in central Perú . Richard Osmond, President and CEO of Element 29 Resources, states, "We are pleased to announce the successful completion of the two deepest drill holes at Elida. Both holes intersected strong [...]
Element 29 Resources Inc. is pleased to announce that it has received exemption from the Consulta Previa process from the Peruvian Ministerio de Energía y Minas - Oficina General de Gestion Social for exploration drilling at its wholly-owned Atravesado porphyry copper-molybdenum target as part of the Flor de Cobre project, located in the Southern Perú Copper Belt . After receiving the Declaración de Impacto Ambiental [...]
Element 29 Resources Inc. is pleased to announce the commencement of drilling activites at its Elida Porphyry Copper - Molybdenum - Silver Deposit in central Perú. The proposed program consists of up to 4,000 metres of diamond drilling and is expected to continue until early December 2024. The Elida drill program is designed to potentially expand the existing pit-constrained initial inferred mineral resource estimate1 and [...]
Element 29 Resources Inc. announces it has closed its non-brokered private placement financing of 13,058,984 units at a price of $0.25 per Unit for aggregate gross proceeds of $3,264,746 . Each Unit issued under the Financing consists of one common share in the capital of the Company and one non-transferable Common Share purchase warrant . Each Warrant is exercisable for one Common Share at an exercise price of $0.50 per [...]
All dollar amounts are Canadian, unless otherwise noted. Element 29 Resources Inc. announces that it intends to complete a non-brokered private placement of up to 12,000,000 units of the Company at a price of $0.25 per Unit for aggregate gross proceeds to the Company of up to $3,000,000. Each Unit issuable under the Financing consists of one common share in the capital of the Company and one non-transferable Common Share [...]
Element 29 Resources Inc. is pleased to announce the results of voting at its annual general meeting of shareholders which was held today . All matters submitted to shareholders for approval as set out in the Company's Notice of Meeting and Information Circular, both dated May 27, 2024, were approved by the requisite majority of votes cast at the Meeting. NUMBER OF DIRECTORS Shareholders approved setting the number of [...]
Element 29 Resources Inc. announces the upcoming retirement of Mr. Robert Willis and welcomes Mr. Brad Mercer, Mr. Chet Idziszek, and Ms. Mary-Carmen Vera as new independent board nominees for election at the 2024 Annual General Meeting to be held on June 27, 2024. The Meeting materials have been published and mailed to shareholders and can also be found on SEDAR+ as well as on the Company's website. Following an [...]
Element 29 Resources Inc. is pleased to announce that, subject to regulatory approval, it has retained the services of Stellium Service Ltd. to provide investor communications and outreach programs in the European and Australasian regions for £3,000 per month for an initial 12-month term effective immediately. Stellium is at arm's length to Element 29, has no relationship with the Company except under this contract and no [...]
Element 29 Resources Inc. is pleased to announce that it has received environmental permit approval for exploration drilling at its wholly-owned Atravesado porphyry target on the Flor de Cobre copper project, located in southern Peru. The permit, known as a Declaración de Impacto Ambiental , allows the Company to drill from a maximum of 40 drilling platforms. Following approval of the environmental permit, Element 29 [...]