Element 29 Resources, Inc.
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Richard Osmond
- Full Time Employees
- 1
- Sector
- Non-energy minerals
- Industry
- Other metals/Minerals
- Address
- 1005 - 409 Granville Street Vancouver BC Canada V6C 1T2
- IPO Date
- Dec 3, 2020
- Website
- e29copper.com
- Similar Companies
- Business
- Element 29 Resources Inc. is a Canada-based copper exploration and development company focused on advancing its portfolio of Peruvian projects. The company primarily explores and develops porphyry copper-molybdenum-silver deposits, with its flagship asset being the Elida Porphyry Copper-Molybdenum-Silver Deposit located in west-central Peru. In addition to Elida, Element 29 owns and operates the Flor de Cobre Porphyry Copper-Molybdenum project situated in the Southern Peru Copper Belt, approximately 26 kilometers southeast of Freeport-McMoRan’s Cerro Verde copper mine. The company holds over 25,000 hectares of titled concessions in Peru, targeting highly prospective porphyry copper systems. Its resources and projects benefit from significant infrastructure including roads, powerlines, ports, water access, and a skilled local workforce. Element 29’s product focus centers on copper and molybdenum critical minerals essential for technology and the global green energy transition. Founded in 2016, the company is headquartered in Vancouver, British Columbia. Recent major developments include leadership changes with Richard Osmond becoming President and CEO and the appointment of Manuel Montoya as Chief Technical Officer, strengthening the technical leadership focused on Peruvian porphyry copper exploration. In 2024 and 2025, the company successfully raised approximately CA$3.26 million via private placements to fund exploration and development activities. Element 29 secured environmental permits for the Flor de Cobre copper project and expanded drill permits at Elida from 20 to 40 drill platforms. The company renewed a five-year surface access agreement at its Elida project ensuring long-term exploration and development. Element 29 launched a renewed and expanded Phase III drilling program at Elida targeting deeper and higher-grade mineralization, supported by ongoing geophysical surveys such as magnetotellurics and AMT. The company has also formed a strategic partnership with GlobeTrotters Resource Group to leverage operational and technical expertise to advance its Peruvian copper projects cost-effectively. Element 29 continues to progress exploration and planning for the Paka project, including drill permit applications and geophysical surveys. Element 29 Resources operates primarily in Peru with an emphasis on porphyry copper deposits that also contain molybdenum and silver. Its projects lie within established copper mining regions with large-scale infrastructure support. The company’s strategy involves significant resource growth at Elida and advancing multiple early-stage porphyry copper projects toward development in one of the world’s more established mining jurisdictions. This comprehensive product, operational, and corporate profile reflects Element 29 Resources as an emerging copper-focused junior resource company specializing in exploration and development within Peru’s prolific copper belts, driven by recent leadership strengthening, capital raises, permit acquisitions, strategic partnerships, and an active drilling campaign targeting resource expansion. All information is current as of late 2025.
Company News
Element 29 Mobilizes Third Drill Rig to Elida Copper Project, Peru
Element 29 Announces Election of Randy Smallwood and George Brack to Its Board of Directors
Element 29 Resources Inc. Begins Trading on OTCQX Best Market
Element 29 Announces Inclusion of Randy Smallwood and George Brack as Director Nominees at the Upcoming AGM
Element 29 Closes $12.0 Million Private Placement with Continued Participation from Strategic Investors
Element 29 Announces Fully-Committed Private Placement of up to $12,000,000 with Strategic Investors
Element 29 Receives Upgraded Five-Year Drill Permit Supporting Advancement of the Elida Porphyry Cu-Mo-Ag Project, Peru
Element 29 Extends Mineralization in ELID035 with Longest Intercept of 1,534.6 m Grading 0.58% CuEq2 at its Elida Porphyry Cu-Mo-Ag Deposit, Peru
Element 29 Renews IR Consultant Agreement and Engages Market Maker
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
THE Mining Investment Event Announces 2026 Issuers and Welcomes New and Returning Partners