Element 29 Resources closes C$12 million private placement at C$1.65 per share
Reuters2026/08/10 21:07- Element 29 Resources closed a non-brokered private placement, issuing 7,272,727 common shares at C$ 1.65 each.
- Gross proceeds totaled C$ 12 million; Alpayana S.A.C. topped up to maintain a 9.9% stake.
- Proceeds earmarked for exploration across its Peru copper portfolio, including the Elida project.
- Cash finder’s fees were C$ 405,397.
- Shares carry a hold period until Dec. 11, 2026.
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