Element 29 Resources Inc.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- CEO
- Richard T. Osmond
- Full Time Employees
- 9
- Sector
- Basic Materials
- Industry
- Copper
- Address
- 744 West Hastings Street Vancouver BC Canada V6C 1A5
- IPO Date
- May 13, 2021
- Website
- e29copper.com
- Similar Companies
- Business
- Element 29 Resources Inc. is a Canada-based junior resource company focused on the exploration and development of copper, molybdenum, silver, gold, lead and zinc mineral properties in Peru. The company holds a portfolio of projects spanning more than 25,000 hectares of titled concessions, including its flagship Elida porphyry copper-molybdenum-silver project with 29 mining concessions covering approximately 19,749 hectares in the province of Ocros in west-central Peru; the Flor de Cobre porphyry copper-molybdenum project comprising 11 mining concessions over approximately 2,735 hectares in southern Peru's Copper Belt, 26 km southeast of Freeport-McMoRan Inc.'s Cerro Verde mine; the Paka porphyry copper project covering about 1,000 hectares of concessions and 1,600 hectares of claims; and the Pahuay porphyry copper project spanning approximately 1,200 hectares. Founded in 2017 and headquartered at 1005-409 Granville Street in Vancouver, British Columbia, Element 29 advances these properties toward potential Tier-1 mine development, leveraging Peru's established mining jurisdiction, proximity to infrastructure such as roads, powerlines, ports and water, and a skilled workforce. Recent developments include the addition of a third drill rig in October 2025 to accelerate the ongoing Phase-III resource expansion drilling program at Elida, which reported significant intercepts such as 1,039.6 metres of 0.54% copper equivalent in January 2025; closure of a $6.3 million private placement in August 2025 and a prior $3.26 million raise in 2024 to fund exploration; renewal of a five-year surface access agreement with the Elida host community expiring in 2030 to support expanded drilling on up to 40 platforms following DIA environmental approval; leadership changes with Richard Osmond assuming the roles of president and chief executive officer and Manuel Montoya joining as chief technical officer in 2024; receipt of environmental permits for Flor de Cobre drilling and a partnership with GlobeTrotters for exploration activities in March 2024; completion of magnetotelluric geophysical surveys identifying untapped anomalies at Elida in June 2025; and engagement of investor relations consultants Torrey Hills Capital in February 2025 and Stellium Service Ltd in April 2024.
Element 29 Engages Synectiq to Advance Resource Modelling and Metallurgical Test Work at its Elida Porphyry Cu-Mo-Ag Deposit, Peru
Element 29 Appoints Vice President, Investor Relations and Marketing
Element 29 Announces Grant of Stock Options and Deferred Share Units
Element 29 Closes $35.4 M Private Placement with 9.9% Interest Acquired by Strategic Investor
Element 29 Announces Private Placement of up to $35,500,000
Element 29 Continues to Drill Long Mineralized Intercepts to Potentially Expand Mineral Resources1 at Its Elida Porphyry Cu-Mo-Ag Deposit, Peru
Video - CEO Clips: Element 29 Resources Expands Copper Exploration at Elida Project in Peru
CEO.CA Insights: Exclusive Interviews from Mining Leaders at PDAC 2026
Element 29 Receives DIA Environmental Certification Advancing Drilling Permit Application at Paka Porphyry-Skarn Cu-Zn-(Au-Ag) Project, Perú
Solis Minerals readies dual Peru drill campaigns as copper exploration accelerates
Element 29 Reports Longest and Highest-Grade Intercepts to Date at Elida with 1,489 m of 0.58% CuEq2
Element 29 Receives DIA Environmental Certification Advancing New Drilling Permit Application at Elida Porphyry Cu-Mo-Ag Deposit, Perú
Element 29 Adds Third Drill Rig to Accelerate the Ongoing Drill Program at its Elida Porphyry Cu-Mo-Ag Deposit in Perú
Element 29 Continues Potential Resource Expansion Drilling at Its Elida Porphyry Cu-Mo-Ag Deposit in Perú
Element 29 Closes Private Placement of $6.3M
Element 29 Announces Upsized Private Placement of up to $6,400,000
Element 29 Announces Private Placement of up to $3,500,000
Element 29 Engages Investor Relations Consultant
Element 29 Identifies Multiple Large Untested MT Geophysical Anomalies at Elida Porphyry Cu-Mo-Ag Deposit
CORRECTION FROM SOURCE: Element 29 Resources Renews 5-Year Surface Access Agreement at its Elida Project