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Element 29 raises C$35.5M in private placement to fund Peru copper exploration.

Company Fundamentals
22 Apr 2026
Newsfile Corp
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Bullish
pluang ai news

Element 29 Resources closed a private placement raising C$35.5 million by issuing over 32 million shares at C$1.10 each. The funds will support exploration at its Peru copper projects, including a 2026 drilling program at the Elida deposit. New strategic investor Alpayana S.A.C. acquired a 9.9% stake, bringing mining expertise in Peru. This financing strengthens Element 29's position as it advances toward potential major copper discoveries in a top mining jurisdiction.

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