# Element 29 Resources (TSXV:ECU)

> Element 29 Resources Inc.

## About

Element 29 Resources Inc. is an emerging junior resource company focused on exploring and potentially developing Tier-1 copper-(molybdenum) deposits in Perú. The company aims to create value through mineral resource expansion on its flagship Elida porphyry copper-molybdenum-silver deposit, which has an initial resource estimate of 321.7 million tonnes. Element 29 is committed to sustainability and operates in one of the lowest-cost, lowest-risk mining jurisdictions globally, benefiting from a skilled workforce and nearby infrastructure.

## Key facts

- **Cash position:** Not available
- **Shares outstanding:** 119832598
- **Fully diluted shares:** 185400000
- **Warrants:** 19600000
- **Options:** 8170000
- **Mineral resource:** Initial Inferred Mineral Resource Estimate of 321.7 million tonnes grading 0.32% copper, plus 0.03% molybdenum and 2.61 g/t silver at a 0.2% copper cutoff grade and a low 0.74:1 modeled strip ratio.
- **Projects:** ["Elida: 100% Ownership - 19,749 hectares of titled concessions. Located in west-central Perú near Antamina, the 6th largest copper mine in the world. Low elevation, adjacent to electrical grids, highways and ports. Discovered in 2011 with initial drilling in 2014-2015 which intersected porphyry copper mineralization. Initial Inferred Mineral Resource Estimate published in 2022. Highlights include a pit-constrained, Inferred Mineral Resource Estimate of 321.7 million tonnes grading 0.32% Cu plus 0.029% Mo and 2.6 g/t Ag, using a 0.20% Cu cut-off grade and low modeled strip ratio of 0.74:1. A near surface, higher-grade subset of the Mineral Resource Estimate consisting of 59.7 million inferred tonnes at 0.49% Cu, 0.036% Mo, and 3.99 g/t Ag has potential to be mined with minimal stripping in the initial years of mining. Significant Mo and Ag grades have the potential to enhance the economics of the deposit, subject to metallurgical test work. Strong potential for resource expansion. The Elida porphyry copper (Cu) - molybdenum (Mo) - silver (Ag) deposit occurs along the east side of a large block of 29 contiguous concessions totaling 19,749 hectares that are 100% owned by Element 29 Resources Inc. The project is located in west-central Perú and is road accessible from the capital city, Lima, along the Pan American Highway, 170 kilometres northwest to the coastal city of Barranca, then inland 75 kilometers along a secondary road with paved and unpaved surfaces. Elida is well located for future mine development and will benefit from nearby infrastructure and a skilled workforce. The project is situated at a moderate elevation between 1,500 metres and 2,000 metres with access to transportation routes to coastal shipping ports and power infrastructure, including a 45 mega-watt hydroelectric generation facility situated just 15 kilometres from the Project. The primary exploration target at Elida is a zone of Cu-Mo-Ag mineralization, characterized by intense multi-phase quartz veining containing chalcopyrite and molybdenite. High-grade mineralization (>0.5 % Cu) found in steeply dipping volcano-sedimentary rocks forms a halo around a lower-grade core consisting of quartz monzodiorite porphyry stocks hosting molybdenite-bearing quartz veins (A-type) with minor chalcopyrite. Lundin Mining Perú S.A.C. optioned the Project from GlobeTrotters in 2013 and completed 18 diamond drill holes for a total of 9,888.9 metres. All holes intercepted Cu-Mo mineralization and six (6) of the holes intercepted significant Cu-Mo mineralization. The Project was acquired by Element 29 in February 2019 through a share purchase agreement with GlobeTrotters to acquire 100% of the shares in Peruvian subsidiary Elida Resources S.A.C. In 2021, Element 29 completed seven (7) diamond drill holes totaling 4,612.7 metres that intersected multiple, long intervals of Cu-Mo-Ag mineralization and traced mineralization to a depth greater than 900 metres from surface. In 2022, Element 29 completed an additional seven (7) diamond drill holes totaling 2,043 metres. In 2024, the Company drilled two holes consisting of 2,249.8 metres. The Company continues to intersect long intervals of Cu-Mo-Ag mineralization starting near surface and extending to vertical depths of over 1000 m highlighting the potential for further resource expansion.","Flor de Cobre Project - An emerging, large porphyry copper system with discovery potential. Adjacent to electrical grid and highway. Low to moderate elevation. Located in Southern Perú Copper Belt near Cerro Verde, the 5th largest Copper Mine in the world. The project is comprised of eleven (11) mining concessions and one (1) mining claim for a total of 3,135.355 hectares which are 100% owned by Element 29 Resources Inc. The Project is located approximately 35 kilometres southeast of Arequipa and is accessible along paved and maintained unpaved roads. Flor de Cobre is situated just 26 kilometres southeast of Cerro Verde Mine at a modest elevation of ~2,700 metres with excellent infrastructure for future mine development. The project hosts the Atravesado porphyry Cu-Mo target, a 1.5 x 2.0 kilometre hydrothermal alteration footprint characterized by anomalous Cu and Mo geochemistry, resistivity and chargeability anomalies, and corresponding geological indicators. The Company has received the DIA environmental permit and has been exempted from the Prior Consultation Process. Drilling at Flor de Cobre is anticipated in mid-2025.","Paka Project - The Paka porphyry copper-(gold-silver-zinc) skarn project consists of 1,000 hectares and is 100% owned by Element 29, subject to a 2% net smelter return royalty. The project is located approximately 200 kilometres northeast of Arequipa, Perú within the probable northwest continuation of the Paleocene-aged Southern Perú Copper Belt. The property is centered on a large, 4.3 x 1.3 kilometre porphyry related hydrothermal alteration zone and covers a limestone sequence intruded by diorite and granodioritic rock units. Hydrothermal recrystallization in the limestone is extensive on the property and includes a central area containing skarn, quartz-limonite stockwork, hydrothermal brecciation, and associated strong copper-(gold-silver-zinc) mineralization exposed within a 480 x 280 metre area. This porphyry copper skarn target has not been drill-tested. Environmental baseline studies and community engagement are planned for 2024 with expectations of receiving drill permits in Q2 2025."]
- **Leadership:** Richard Osmond, P. Geo., ICD.D (President & CEO, Over 25 years of experience in the mining sector including roles at INCO, Falconbridge, and Anglo American. Involved in exploration discoveries at Vale's Voisey's Bay and Glencore's Raglan mine.), Manuel Montoya (Chief Technical Officer & Country Manager, Over 35 years of experience in the natural resource sector, primarily in South America, with a strong background in mining exploration and geology.), Michael Au, CPA (CA) (CFO, Chartered Professional Accountant with over 20 years of experience in financial and regulatory reporting across various sectors including mining.), Terese Gieselman (Corporate Secretary, 32 years of international experience in junior mining and exploration companies, with extensive background in corporate and financial reporting.), Dylan Berg (Vice President, Investor Relations & Marketing, Over 14 years of capital markets experience in the junior resource sector, knowledgeable in corporate development and investor relations.)

_Verified data last updated: 2026-06-12_

## Recent filings

- 2026-05-20 — financials — [ecu_2026-05-20_18-22-49.pdf](https://ai-chat-dev-red.vercel.app/ecu/preview/51707?documentId=51707)
- 2026-05-20 — financials — [ecu_2026-05-20_18-22-18.pdf](https://ai-chat-dev-red.vercel.app/ecu/preview/51704?documentId=51704)
- 2026-05-20 — mda — [ecu_2026-05-20_18-20-16.pdf](https://ai-chat-dev-red.vercel.app/ecu/preview/51705?documentId=51705)
- 2026-05-20 — financials — [ecu_2026-05-20_18-17-45.pdf](https://ai-chat-dev-red.vercel.app/ecu/preview/51706?documentId=51706)
- 2026-05-07 — press_release — [ecu_2026-05-07_06-44-51.pdf](https://ai-chat-dev-red.vercel.app/ecu/preview/38294?documentId=38294)
- 2026-05-01 — press_release — [Element 29 Appoints Vice President, Investor Relations and Marketing](https://ai-chat-dev-red.vercel.app/ecu/preview/36602?documentId=36602)
- 2026-04-30 — annual_report — [ecu_2026-04-29_20-06-39.pdf](https://ai-chat-dev-red.vercel.app/ecu/preview/35558?documentId=35558)
- 2026-04-30 — mda — [ecu_2026-04-29_20-04-38.pdf](https://ai-chat-dev-red.vercel.app/ecu/preview/35557?documentId=35557)

## Investor FAQ

### [Latest news?](https://ai-chat-dev-red.vercel.app/ecu/faq/latest-news)

The latest news from Element 29 Resources includes the appointment of Dylan Berg as Vice President, Investor Relations and Marketing, as announced on May 1, 2026. This strategic addition aims to enhance the company's engagement with investors and stakeholders.

### [Upcoming catalysts](https://ai-chat-dev-red.vercel.app/ecu/faq/upcoming-catalysts)

Element 29 Resources anticipates drilling at the Flor de Cobre Project in mid-2025, following the receipt of the DIA environmental permit. Additionally, environmental baseline studies and community engagement for the Paka Project are planned for 2024, with expectations of receiving drill permits in Q2 2025.

## Live AI chat

- https://ai-chat-dev-red.vercel.app/ecu/chat
- Investor website: https://www.e29copper.com/