Electrum Discovery

Electrum Discovery

Primary tickers: TSXV:ELY, OTC:ELDCF, FRA:R8N
Stage of development: Exploration
Primary minerals: Copper, Gold
Projects to promote: Timok East, Novo Tlamino
Project location: The Republic of Serbia
Website: electrumdiscovery.com

Corporate presentation: Click here

Electrum Discovery Corp. is an emerging, Canadian-based mineral exploration and development company focused on the prolific Western Tethyan Belt with two main projects spanning 645 square kilometers of prospective exploration ground in the Republic of Serbia.


Timok East extends over 123 square kilometers across the Timok copper-gold region and includes the recently discovered Bambino copper-gold anomaly, located less than five kilometers from the Bor Copper-Gold Mining Complex. Novo Tlamino, located in the south-east of the Republic of Serbia, covers 522 square kilometers and includes an inferred mineral resource estimate of 670,000oz AuEq  (7,100,000 tonnes at 2.9 g/t AuEq average grade).


Electrum’s management team is focused on maximizing shareholder value through the acquisition and advancement of a large portfolio of copper-gold assets, while fostering sustainability, governance and knowledge transfer in the region.


Cash: CAD2.0M

Debt: 0.5M (due by January 2027)

 

Major Shareholders:

Crescat Capital – 4.3%

Syndicate Minerals Pty Ltd. – 4.3%

Asarel-Investment JSC – 2.0%

Fortuna Mining Corp – 1.5%

Pan Pacific Resource Investments LTD. – 1.5%

Management Ownership – 14.2%

Financials

What is your rationale for taking part in 121 Mining Investment?

We would like to update investors on the latest developments at the Company and talk about our plans.

What recent news would you like to highlight to investors attending?

Oct 10, 2024 – Electrum Discovery Corp. Closes Oversubscribed $2,281,850 Private Placement – Welcomes New Shareholders: Crescat Capital and Syndicate Minerals Pty Ltd.

 

Oct 2, 2024 – Electrum Discovery Corp. Announces Closing of the First Tranche of Private Placement and Upsizes Offering

 

Sep 23, 2024 – Electrum Discovery Corp. Opens a Non-brokered Private Placement of up to C$1.5 Million

 

Sep 4, 2024 – Electrum Discovery Corp. Announces Expanded Copper Gold Target Area and Commencement of Trenching at Timok East

 

Aug 13, 2024 – Electrum Discovery Corp. Announces AGM Results

 

Aug 7, 2024 – Electrum Discovery Corp. Announces Further Positive Rock Chip Sample Assay Results and Remote Sensing Mapping at Timok East