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Element 29 plans $35.5M private placement to fund Peru copper exploration and drilling in 2026.

Company Fundamentals
09 Apr 2026
Newsfile Corp
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Bullish
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Element 29 Resources Inc. announced a non-brokered private placement to raise up to CAD 35.5 million by issuing 32.27 million shares at CAD 1.10 each. The funds will support exploration and the 2026 drilling program at its flagship Elida copper-molybdenum-silver deposit in Peru, as well as general working capital. The financing is subject to TSX Venture Exchange approval and includes potential participation by company insiders. This capital raise aims to advance Element 29's projects in a mining-friendly jurisdiction with strong infrastructure, positioning the company for growth in copper resources.

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