Element 29 Resources is pleased to announce that its common shares have been made eligible for book-entry and depository services of the Depository Trust Company to facilitate electronic clearing and settlement of transfers of its common shares in the United States. Richard Osmond, Chairman and Interim CEO, comments, "Receiving DTC eligibility is an important milestone to facilitate trading of our common shares for US [...]
Element 29 Resources Inc. is pleased to announce results from the last three drill holes of the seven-hole, 4,500 m drilling program completed in December 2021 at its 100% owned Elida Copper Project located in central Perú . Richard Osmond, Chairman and Interim CEO, comments, "The Phase 1 drill program at Elida was a complete success and exceeded expectations with several long intercepts of strong copper mineralization [...]
Element 29 Resources Inc. is pleased to announce that the Company has closed its oversubscribed, non-brokered private placement financing of 11,498,000 million Units at a price of $0.60 per Unit for aggregate gross proceeds of $6,898,800 million. The Offering Each Unit comprises one common share of Element 29 and one-half common share purchase warrant. Each whole Warrant is exercisable for a common share at an exercise [...]
Element 29 Resources Inc. is pleased to announce that, due to strong investor demand for its non-brokered private placement previously announced on Nov. 18, 2021, the Company has agreed to increase the size of the private placement by up to 6,000,000 units, for aggregate gross proceeds of up to $6,600,000. Under the Offering, up to 11,000,000 Units may be issued at a price of $0.60 per Unit in the manner previously [...]
Element 29 Resources Inc. is pleased to announce the Ministry of Energy and Mines of Perú has issued authorization for the Company to start exploration activities at its wholly-owned Flor de Cobre Copper Project in southern Perú and the appointment of Mr. Bruce Turner as Technical Advisor to the Company. Richard Osmond, Chairman and Interim CEO of Element 29 comments, "Receiving the permits to start the drill program at [...]
Element 29 Resources Inc. is pleased to announce that the Company intends to complete a non-brokered private placement of up to 5 million Units at a price of $0.60 per Unit for aggregate gross proceeds of up to $3 million. Each Unit comprises one common share of Element 29 and one-half common share purchase warrant. Each whole Warrant will be exercisable for a common share at an exercise price of $0.85 and will expire [...]
Element 29 Resources Inc. is pleased to announce results from the next two drill holes of a seven-hole, 4,500 metre drilling program in progress at its 100% owned Elida Copper Project located in central Perú . Richard Osmond, Chairman and Interim CEO, comments, "Following the results of the first two drill holes at Elida, we are very pleased with the results from holes ELID021 and ELID022. These holes have long [...]
Element 29 Resources Inc. is pleased to announce results from the first two drill holes of a six-hole, 4,000 m drilling program in progress at its 100% owned Elida Copper Project located in central Perú. See Figure 1. Richard Osmond, Chairman and Interim CEO, comments, "The initial drill results from Elida are very encouraging. The long, well-mineralized intervals from the first two holes demonstrate that attractive [...]
Element 29 Resources Inc. announces the results of its Annual General Meeting, provides an update on the current 4,000 metre drill program at its Elida Copper Project located in central Perú, and announces Richard Osmond, Element 29's Chairman, as Interim CEO. Annual General Meeting Results All matters submitted to the shareholders for approval as set out in the Company's Notice of Meeting and Information Circular, dated [...]
Element 29 Resources Inc. announces today that it has commenced a 4,000 metre drill program to further explore the known copper mineralization at its Elida Copper Project located in central Perú . The Company also announces the retirement of Brian Booth, President and CEO. Drill Program Initiation of a 4,000 m drill program at Elida Target 1 to supplement data from 18 historical drill holes . Six holes are planned to [...]
Element 29 Resources Inc. is pleased to announce that it has qualified for trading on the OTCQB Venture Market in the United States operated by the OTC Markets Group Inc. and the Company's common shares commenced trading today on the OTCQB under the symbol "EMTRF". The Company's common shares will continue to trade on the TSX Venture Exchange under the symbol "ECU." Brian Booth, President & CEO of Element 29, commented [...]
Element 29 Resources Inc. announces the Ministry of Energy and Mines of Peru has issued authorization for the Company to start its exploration activities at its wholly-owned Elida copper project . With this authorization, the Company has finalized the permitting process with the MINEM, which was a prerequisite to commencing its drill program. Element 29 has made preparations to start its 2021 Phase 1 drill program at [...]
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