Element 29 Terminates Previous Offering and Announces New Private Placement Financing of up to $2 million
Vancouver, British Columbia--(Newsfile Corp. - July 31, 2023) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) (BVL: ECU) ("Element 29" or the "Company") 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 (the "Financing") of up to 13,333,333 units of the Company (the "Units") at a price of $0.15 per Unit for aggregate gross proceeds to the Company of up to...
2023-07-31 8:29 AM EDT
Element 29 Announces Private Placement of up to $2 Million
Vancouver, British Columbia--(Newsfile Corp. - May 30, 2023) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) (BVL: ECU) ("Element 29" or the the "Company") announces that it intends to complete a non-brokered private placement (the "Financing") of up to 11,111,111 units of the Company (the "Units") 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...
2023-05-30 8:00 AM EDT
Element 29 Announces Results from Elida Phase 2 Drill Program Including 404.5 metres of 0.60% CuEq(1)
Vancouver, British Columbia--(Newsfile Corp. - March 6, 2023) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) (BVL: ECU) ("Element 29" or the "Company") announces results from the 2,043-metre ("m") Phase 2 drill program at its 100% owned Elida Copper Project ("Elida" or "the Project") located in central Peru (Figure 1). Elida Drilling Highlights Drill hole ELID032 intersected 404.5 m of 0.45% copper ("Cu"), 0.032% molybdenum ("Mo"), and 3.6 g/t silver ("Ag") for 0.60% copper...
2023-03-06 7:30 AM EST
Element 29 Reports Positive Sequential Copper Leach Results from the Flor de Cobre Project
Vancouver, British Columbia--(Newsfile Corp. - February 22, 2023) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) (BVL: ECU) ("Element 29" or the "Company") reports positive results from sequential copper leach analysis of samples from the Phase 1 drilling program at its Flor de Cobre Copper Project ("Flor de Cobre" or "Project") in southern Peru (Figure 1). Preliminary results indicate positive copper leach extraction characteristics from the chalcocite-dominated enrichment zone at...
2023-02-22 8:00 AM EST
Element 29 Closes Private Placement of $1.54 Million
Vancouver, British Columbia--(Newsfile Corp. - January 6, 2023) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) (BVL: ECU) ("Element 29" or the "Company") announces that the Company has closed its non-brokered private placement financing of 7,725,000 units (the "Units") at a price of $0.20 per Unit for aggregate gross proceeds of $1,545,000 (the "Offering"). The Offering Each Unit comprises one common share in the capital of the Company (a "Common Share") and one-half of one...
2023-01-06 5:30 PM EST
Element 29 Announces Upsize of Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - January 6, 2023) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) (BVL: ECU) ("Element 29" or the "Company") announces that due to strong investor demand for its non-brokered private placement previously announced on November 28, 2022, the Company has agreed to increase the size of the offering by up to 1,475,000 units of the Company ("Units"), for aggregate gross proceeds of up to $1,545,000 (the "Offering"). Under the Offering, up to...
2023-01-06 8:00 AM EST
Element 29 Announces Private Placement of up to $1.25 Million
Vancouver, British Columbia--(Newsfile Corp. - November 28, 2022) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) (BVL: ECU) ("Element 29" or the "Company") announces that the Company intends to complete a non-brokered private placement of up to 6,250,000 Units (the "Units") at a price of $0.20 per Unit for aggregate gross proceeds of up to $1,250,000 (the "Offering"). Each Unit comprises one common share of Element 29 and one-half non-transferable common share purchase warrant (each...
2022-11-28 8:00 AM EST
Element 29 Lists on the Lima Stock Exchange
Vancouver, British Columbia--(Newsfile Corp. - November 16, 2022) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) (BVL: ECU) ("Element 29" or the "Company") announces that the Company's common shares have been listed for trading on the Bolsa de Valores de Lima ("BVL" or the "Lima Stock Exchange") 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...
2022-11-16 9:00 AM EST
Element 29 Announces Filing of Technical Report for Initial Mineral Resource Estimate at Its Elida Porphyry Copper Deposit in Peru
Vancouver, British Columbia--(Newsfile Corp. - November 14, 2022) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) ("Element 29" or the "Company") has filed the independent technical report in connection with an initial Inferred Mineral Resource Estimate ("Mineral Resource") at its Elida Porphyry Copper Deposit ("Elida") in west-central Peru (Figure 1). The technical report, titled, "NI 43-101 Technical Report Mineral Resource Estimation of the Elida Porphyry Copper Project in Peru"...
2022-11-14 5:30 PM EST
Element 29 Commences Phase 2 Drill Program at the Elida Copper Deposit in Peru
Vancouver, British Columbia--(Newsfile Corp. - October 13, 2022) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) ("Element 29" or the "Company") announces it has commenced an approximately 2,000 metre ("m") Phase 2 drill program at its Elida Copper Deposit ("Elida" or "Project") in west-central Peru (Figure 1). Elida is a porphyry copper-molybdenum system (Figure 2) located 85 kilometres ("km") inland from the coast at a moderate elevation of 1,600 m and is road accessible with...
2022-10-13 8:00 AM EDT
Element 29 Announces Initial Mineral Resource Estimate for the Elida Porphyry Copper Deposit in Peru
Vancouver, British Columbia--(Newsfile Corp. - September 27, 2022) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) ("Element 29" or the "Company") announces the completion of an initial independent Inferred Mineral Resource estimate ("Mineral Resource") at its Elida porphyry copper-molybdenum deposit ("Elida") in west-central Peru. This Mineral Resource was completed on just one of five porphyry centres at Elida and provides a solid foundation for future engineering studies as well...
2022-09-27 8:00 AM EDT
Element 29 Releases Final Results from Flor de Cobre Drill Program Including 329.4 Metres of 0.56% Cu in Hole FDC011
Vancouver, British Columbia--(Newsfile Corp. - September 7, 2022) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) ("Element 29" or the "Company") announces results of the final three holes from the recently completed 4,532 metre ("m"), twelve-hole drill program at the Flor de Cobre Copper Project ("Flor de Cobre" or "the Project") located in southern Peru (Figure 1). Flor de Cobre Drilling Highlights Drillhole FDC011, located along the northwest margin of the permitted drilling area...
2022-09-07 8:00 AM EDT
Element 29 Completes Validation of Flor de Cobre Historical Drilling and Will Proceed with Mineral Resource Estimation
Vancouver, British Columbia--(Newsfile Corp. - July 6, 2022) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) ("Element 29" or the "Company") announces results of the final four twinned holes from the recently completed 4,500 metre ("m"), twelve-hole drill program at the Flor de Cobre Copper Project ("Flor de Cobre" or "the Project") located in southern Peru (Figure 1). The Company is awaiting results from the last three angled drill holes of the program that tested the primary copper...
2022-07-06 8:00 AM EDT
Element 29 Further Confirms past Drill Results Used in Historical Copper Resource Estimate at Flor De Cobre
Vancouver, British Columbia--(Newsfile Corp. - June 1, 2022) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) ("Element 29" or the "Company") announces results of three additional drill holes from the recently completed 4,500 metre ("m"), twelve-hole drill program at the Flor de Cobre Copper Project ("Flor de Cobre" or "the Project") located in southern Peru (Figure 1). Steve Stakiw, Element 29's President and CEO comments, "These latest Flor de Cobre drill results continue to...
2022-06-01 8:00 AM EDT
Element 29 Drills 349.0 Metres of 0.77% Copper Including 123.0 Metres of 1.42% Copper as Enrichment at Flor De Cobre
Vancouver, British Columbia--(Newsfile Corp. - April 19, 2022) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) ("Element 29" or the "Company") is pleased to announce results from its two initial drill holes of the 4,000 metre ("m"), eleven-hole drill program at the Flor de Cobre Copper Project ("Flor de Cobre" or "the Project") located in southern Perú (Figure 1). Steve Stakiw, Element 29's President and CEO, comments, "We are very encouraged by how similar the results of these first...
2022-04-19 8:00 AM EDT
Element 29 Announces the Appointment of Steve Stakiw as CEO
Vancouver, British Columbia--(Newsfile Corp. - March 31, 2022) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) ("Element 29" or the "Company") is pleased to announce the appointment of Steve Stakiw as President, Chief Executive Officer and a Director of the Company. The appointment is effective April 11, 2022. Richard Osmond, Chairman, comments, "On behalf of the Board and management team we are very excited to have Steve join and lead Element 29. His experience growing companies and...
2022-03-31 8:30 AM EDT
Element 29 Announces Grant of Incentive Stock Options
Vancouver, British Columbia--(Newsfile Corp. - March 3, 2022) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) ("Element 29" or the "Company") has granted an aggregate of 2,345,000 stock options to directors, officers, employees and consultants of the Company in accordance with the Company's incentive stock option plan, subject to regulatory acceptance. These incentive stock options are exercisable at $0.57 per share for a period of five years. The Company also announces that it has...
2022-03-03 8:30 AM EST
Element 29 Commences Drilling at Its Flor De Cobre Copper Project, Perú
Vancouver, British Columbia--(Newsfile Corp. - February 3, 2022) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) ("Element 29" or the "Company") announces today that the Company has commenced a 3,700 metre ("m") drill program at its Flor de Cobre Copper Project ("Flor de Cobre" or "Project") in southern Perú (Figure 1). Flor de Cobre is strategically located within the Southern Perú Copper Belt at a moderate elevation of less than 2,700 m and is road accessible with excellent...
2022-02-03 9:00 AM EST
Element 29 Receives DTC Eligibility
Vancouver, British Columbia--(Newsfile Corp. - January 24, 2022) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) ("Element 29" or the "Company") is pleased to announce that its common shares have been made eligible for book-entry and depository services of the Depository Trust Company ("DTC") 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...
2022-01-24 8:30 AM EST
Element 29 Reports Final Three Holes from the Elida Phase 1 Drilling and Reports 908.75 Metres of 0.55 % CuEq
Vancouver, British Columbia--(Newsfile Corp. - January 19, 2022) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) ("Element 29" or the "Company") is pleased to announce results from the last three drill holes of the seven-hole, 4,500 metre ("m") drilling program completed in December 2021 at its 100% owned Elida Copper Project ("Elida" or "the Project") located in central Perú (Figure 1). Richard Osmond, Chairman and Interim CEO, comments, "The Phase 1 drill program at Elida was a...
2022-01-19 8:30 AM EST