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Element 29 closes CAD 12 million private placement at CAD 1.65 per share

PUBT·08/13/2026 16:02:51
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Element 29 closes CAD 12 million private placement at CAD 1.65 per share
  • Element 29 closed a non-brokered private placement effective Aug. 10, 2026, issuing 7,272,727 common shares at CAD 1.65.
  • Gross proceeds totaled CAD 12 million; Alpayana topped up to maintain a 9.9% stake, with additional participation from Randy Smallwood.
  • Net proceeds earmarked for exploration across its Peru copper portfolio, including Elida, Flor de Cobre, and Paka.
  • Cash finder’s fees were CAD 405,396.92; shares carry a four-month-and-one-day hold expiring 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 on August 13, 2026, and is solely responsible for the information contained therein.