Element 29 Resources Inc. announces it has closed its non-brokered private placement financing of 19,045,253 units at a price of $0.15 per Unit for aggregate gross proceeds of $2,856,788 . 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 [...]
Element 29 Resources Inc. is pleased to announce due to investor demand it has increased the size of the non-brokered private placement offering previously announced on July 31, 2023. The Company now proposes to issue up to 19,333,333 units of the Company at a price of $0.15 per Unit for aggregate gross proceeds to the Company of up to $2,900,000 [...]
Element 29 Resources Inc. announces it has terminated the non-brokered private placement offering previously announced on May 30, 2023. The Company intends to complete a new, non-brokered private placement of up to 13,333,333 units of the Company at a price of $0.15 per Unit for aggregate gross proceeds to the Company of up to $2,000,000. Each Unit [...]
Element 29 Resources Inc. announces that it intends to complete a non-brokered private placement of up to 11,111,111 units of the Company at a price of C$0.18 per Unit for aggregate gross proceeds to the Company of up to C$2,000,000. Each Unit issuable under the Financing consists of one common share in the capital of the Company and one-half of [...]
Element 29 Resources Inc. announces results from the 2,043-metre Phase 2 drill program at its 100% owned Elida Copper Project located in central Peru . Elida Drilling Highlights Drill hole ELID032 intersected 404.5 m of 0.45% copper , 0.032% molybdenum , and 3.6 g/t silver for 0.60% copper equivalent1 , including 123.0 m of 0.52% Cu, 0.036% Mo and [...]
Element 29 Resources Inc. reports positive results from sequential copper leach analysis of samples from the Phase 1 drilling program at its Flor de Cobre Copper Project in southern Peru . Preliminary results indicate positive copper leach extraction characteristics from the chalcocite-dominated enrichment zone at Candelaria on Flor de Cobre. Steve [...]
Element 29 Resources announces that the Company has closed its non-brokered private placement financing of 7,725,000 units at a price of $0.20 per Unit for aggregate gross proceeds of $1,545,000. The Offering Each Unit comprises one common share in the capital of the Company and one-half of one non-transferable common share purchase warrant in the [...]
Element 29 Resources announces that due to strong investor demand for its non-brokered private placement previously announced on Nov 28, 2022, the Company has agreed to increase the size of the offering by up to 1,475,000 units of the Company, for aggregate gross proceeds of up to $1,545,000. Under the Offering, up to 7,725,000 Units may be issued [...]
Element 29 Resources Inc. announces that the Company intends to complete a non-brokered private placement of up to 6,250,000 Units at a price of $0.20 per Unit for aggregate gross proceeds of up to $1,250,000 . Each Unit comprises one common share of Element 29 and one-half non-transferable common share purchase warrant. Each whole Warrant will be [...]
Element 29 Resources Inc. announces that the Company's common shares have been listed for trading on the Bolsa de Valores de Lima as of November 16, 2022 under the ticker symbol "ECU". Kallpa Securities S.A.B. in Lima, Peru acted as Element 29's sponsoring broker for the BVL listing. Steve Stakiw, President and CEO of Element 29, comments, "We are [...]
Inferred Mineral Resource of 321.7 million tonnes grading 0.32% copper, 0.03% molybdenum and 2.6 g/t silver with a low 0.74:1 strip ratio Element 29 Resources Inc. has filed the independent technical report in connection with an initial Inferred Mineral Resource Estimate at its Elida Porphyry Copper Deposit in west-central Peru . The technical [...]
Element 29 Resources Inc. announces it has commenced an approximately 2,000 metre Phase 2 drill program at its Elida Copper Deposit in west-central Peru . Elida is a porphyry copper-molybdenum system located 85 kilometres inland from the coast at a moderate elevation of 1,600 m and is road accessible with excellent infrastructure for potential mine [...]
