Element 29 Resources plans fully committed private placement of up to CAD 12 million at CAD 1.65/share

Reuters2026/07/31 11:20

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Element 29 Resources launched a fully committed non-brokered private placement to raise up to CAD 12 million from strategic investors.
Deal terms call for up to 7,272,727 common shares priced at CAD 1.65 each.
Proceeds earmarked for exploration across its Peru copper portfolio, including Elida, Flor de Cobre, and Paka.
Finders may receive a cash fee of 7% on proceeds tied to subscriptions they arrange.
Placement requires TSX Venture Exchange acceptance; issued securities carry a four-month-and-one-day hold.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Element 29 Resources Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202607310720NEWSFILECNPR____20260731_307404_1) on July 31, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Element 29 Resources plans fully committed private placement of up to CAD 12 million at CAD 1.65/share

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