Element 29 Resources Inc
Financials:
Primary ticker: TSXV:ECU, OTCQB:EMTRF
Stage of development: Exploration
Primary minerals: Copper
Project to promote: Elida copper project & Flor de Cobre copper project
Project location: Peru
Website: www.e29copper.com
Corporate presentation: Click here
Corporate video: Click here
Element 29 Resources Inc. is an emerging copper exploration and development company focused on advancing its portfolio of Peruvian projects towards development in one of the world’s lower-risk mining jurisdictions. Element 29’s growth strategy is led by our strong board and management, who have a proven track record of discovery and delivering significant value to our shareholders.
The Company’s principal objective is to explore and develop its flagship Flor de Cobre porphyry Cu-Mo project located in southern Peru, 26 km southeast from Freeport-McMoRan’s Cerro Verde Cu-Mo mine. At the same time, the Company intends to build on its potential copper inventory with continued exploration of its Flor de Cobre project as well as its remaining 22,000 hectares of mining concessions in Peru, including the recently discovered Elida porphyry copper-molybdenum-silver system located 85 km from the coast in central Peru. Both projects are well located for potential mine development and will benefit from nearby infrastructure including roads, powerlines, ports, water, and a skilled workforce.
Cash: CAD$3.3
Debt: NIL
Major shareholders:
GlobeTrotters – 14%
Acasta Partners – 8%
Resource Capital Funds – 5%
Management Ownership – 7%
Management Profile
Steve Stakiw – President and CEO
Steve Stakiw, President and CEO, is an experienced executive and geologist with over 25 years in the mining sector, particularly in capital markets. As Senior Vice President, he was most recently a key member of the team at New Pacific Metals Corp. that is advancing a world-class silver deposit in South America and was also involved in the successful funding and spinout of its wholly owned subsidiary, Whitehorse Gold Corp., as a public company. Prior to that, he was Vice President of Investor Relations and part of the original team that successfully grew Trevali Mining Corp. from an exploration-stage company through development into a mid-tier base metal producer with four operating mines on three continents.
Broaden and deepen the shareholder base.
What recent news would you like to highlight to investors attending?
Sep 27, 2022: Element 29 announces initial mineral resource estimate for Elida copper project
Sep 7, 2022: Element 29 releases final results from Flor de Cobre drill program including 329.4 meters of 0.56% copper
July 6, 2022: Element 29 completes validation of Flor de Cobre historical drilling and will proceed with mineral resource estimation
June 1, 2022: Element 29 further confirms past drill results used in historical copper resource estimate at Flor de Cobre
April 19, 2022: Element 29 drills 349m of 0.77% copper, including 12m of 1.42% at Flor de Cobre
Jan 19, 2022: Element 29 reports final three holes form the Elida Phase I drilling and reports 908m of 0.55% CuEq
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Commence Phase II drilling at the Elida copper project
Publish initial mineral estimate at the Flor de Cobre copper project
6 Months:
Expand the mineralization at Flor de Cobre and Elida copper projects through further drilling
12 Months:
Expand the mineralization at Flor de Cobre and Elida copper projects through further drilling
What do you think makes your company such a compelling investment?
1) Target large copper resources with growth potential
2) Projects located in mining-friendly Peru
3) Proven and balanced leadership team
4) Management is aligned with shareholders
5) Low valuation
What are the top 3 key investor takeaways?
1) Copper
2) Growth
3) Low valuation