Element 29 Resources closes C$12 million private placement at C$1.65 per share

Reuters2026/08/10 21:07

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Element 29 Resources closed a non-brokered private placement, issuing 7,272,727 common shares at C$ 1.65 each.
Gross proceeds totaled C$ 12 million; Alpayana S.A.C. topped up to maintain a 9.9% stake.
Proceeds earmarked for exploration across its Peru copper portfolio, including the Elida project.
Cash finder’s fees were C$ 405,397.
Shares carry a hold period until Dec. 11, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Element 29 Resources Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202608101700NEWSFILECNPR____20260810_309069_1) on August 10, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Element 29 Resources closes C$12 million private placement at C$1.65 per share

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