Element 29 Commences Trading on the OTCQB
Element 29 Commences Trading on the
OTCQB
Vancouver, British Columbia--(Newsfile Corp. - May 27, 2021) - Element 29 Resources Inc.
(TSXV:
ECU) (OTCQB: EMTRF)
("
Element 29
" or the "
Company
") is pleased to announce that it has
qualified for trading on the OTCQB Venture Market in the United States operated by the OTC Markets
Group Inc. and the Company's common shares commenced trading today on the OTCQB under the
symbol "EMTRF".
The Company's common shares will continue to trade on the TSX Venture Exchange
(the "TSX-V") under the symbol "ECU."
Brian Booth, President & CEO of Element 29, commented, "The listing of our shares on the OTCQB
increases our visibility to prospective US investors. As we begin exploring our Elida and Flor de Cobre
projects towards mineral resource estimates later in 2021, this listing will promote greater exposure and
liquidity as we head into what will be an exciting year for Element 29."
U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on
www.otcmarkets.com
.
The Company's listing on the TSX-V and the trading of its shares on the OTCQB
contribute to a larger North American presence and affords investors preeminent access to trading.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this press release.
About Element 29 Resources Inc.
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 lowest-risk mining
jurisdictions in the world. 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, just 26 km southeast from Freeport-McMoRan's Cerro Verde Cu-Mo
mine. At the same time, the Company intends to build on its copper inventory with continued exploration
on its Flor de Cobre project as well as its remaining 22,000 ha of mining concessions in Peru including
the recently discovered Elida porphyry Cu-Mo-Ag system located in central Peru and 85 km from the
coast. Both projects are well located for future mine development and will benefit from nearby
infrastructure including roads, powerlines, ports, water, and a skilled workforce.
More information is available at
www.e29copper.com
.
Contact
Brian Booth - President, Chief Executive Officer and Director
Phone: 888-246-7881
E-mail:
Forward Looking Statements
This press release contains certain forward-looking information and forward-looking statements within
the meaning of applicable Canadian securities legislation (collectively, "
Forward-looking
Statements
"). All statements, other than statements of historical fact, constitute Forward-looking
Statements. Words such as "will", "intends", "proposed" and "expects" or similar expressions are
intended to identify Forward-looking Statements. Forward looking Statements in this press release
include statements related to the listing of the Company's common shares on the TSX Venture
Exchange, the exercise of the Over-Allotment Option, the Company's resource properties, and the
Company's plans, focus and objectives.
Forward-looking Statements involve various risks and uncertainties and are based on certain factors
and assumptions. There can be no assurance that such statements will prove to be accurate, and actual
results and future events could differ materially from those anticipated in such statements. Important
factors that could cause actual results to differ materially from the Company's expectations include
uncertainties related to fluctuations in copper and other commodity prices, uncertainties inherent in the
exploration of mineral properties, the impact and progression of the COVID-19 pandemic and other risk
factors set forth in the Company's preliminary prospectus under the heading "Risk Factors". The
Company undertakes no obligation to update or revise any Forward-looking Statements, whether as a
result of new information, future events or otherwise, except as may be required by law. New factors
emerge from time to time, and it is not possible for E29 to predict all of them or assess the impact of
each such factor or the extent to which any factor, or combination of factors, may cause results to differ
materially from those contained in any Forward-looking Statement. Any Forward-looking Statements
contained in this press release are expressly qualified in their entirety by this cautionary statement.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/85411