Element 29 Renews IR Consultant Agreement and Engages Market Maker
Element 29 Renews IR Consultant Agreement
and Engages Market Maker
Vancouver, British Columbia--(Newsfile Corp. - July 3, 2026) -
Element 29 Resources Inc.
(TSXV:
ECU) (OTCQB: EMTRF) (BVL: ECU)
("
Element 29
" or the "
Company
") today announced it has
entered into an Investor Relations ("IR") Consultant Agreement with Port Guichon Strategic Advisory
("PGSA"), as well as an agreement with Velocity Trade Capital Ltd. ("Velocity Trade") to provide
market-making services to the Company in accordance with applicable securities laws and the policies
of the TSX Venture Exchange ("Exchange").
IR Consultant Agreement
The renewal of the IR Consulting Agreement with PGSA starts July 3
rd
, 2026, for a term of 12 months,
and includes consideration of $10,000 per month for the first month and $6,000 per month thereafter. It
replaces a previous 12-month agreement with PGSA that expired June 30
th
, 2026. PGSA will continue
to provide investor communications and outreach programs to increase awareness about the Company
through his established relationships with shareholders and the mining investment community. PGSA is
located 880 53A Street, Delta, BC, V4M 3C9, and its principal, Kevin Guichon, currently holds 100,000
options at $0.54 and 250,000 options at $1.35 in Element 29. The agreement with PGSA is subject to
approval by TSX Venture Exchange.
Market Maker Agreement
In consideration for the market liquidity services, Element 29 has agreed to pay Velocity Trade a monthly
fee equal to $8,000 per month, and after a period of sixty days, either party may terminate the contract by
providing the other with 30 days' prior written notice of termination. Velocity Trade is a private and
independent investment dealer headquartered in Toronto, Ontario, and is registered for trading in the
provinces of Ontario, Quebec, British Columbia, Alberta, and Manitoba. Velocity Trade is a member of
the TMX, and of the Canadian Investment Regulatory Organization (CIRO). Additionally, the firm and its
affiliate companies are regulated internationally by the UK's Financial Conduct Authority (FCA), the
Authority for Financial Markets (AFM) in the Netherlands, the Australian Securities and Investments
Commission (ASIC), South Africa's Financial Sector Conduct Authority (FSCA), and the Monetary
Authority of Singapore (MAS), among others.
Velocity Trade will manage trading of the Company's shares from time to time for the purpose of
maintaining an orderly market, with a view to reducing trading volatility and improving the liquidity of the
Company's shares. The funding and securities required for these services undertaken will be provided
by Velocity Trade.
Velocity Trade and Element 29 are not related parties and have no other agreements other than the
market liquidity agreement, which is the subject of this news release. The agreement with Velocity Trade
is subject to acceptance of the TSX Venture Exchange.
Elida Project Update
Diamond drilling continues at Elida with two drill rigs on site. The Company has completed 43 drill holes
for 28,079 metres ("m") of diamond drilling to date on the Elida deposit, including 4,856 m completed in
2026. Core assay results are pending for holes ELID042, ELID043 and the extension of ELID035.
Based on just 14,361 m of drilling, Element 29 completed an independent, pit-constrained Inferred
Mineral Resource Estimate¹ ("
MRE
") on the Elida deposit in late 2022, which outlined 321.7 million
tonnes of 0.32% Cu, 0.029% Mo and 2.61 g/t Ag at a 0.2% Cu cut-off grade and a 0.74:1 strip ratio. An
additional 13,718 m of diamond drilling has been completed at Elida since the MRE was reported.
About Element 29 Resources Inc.
Element 29 is an emerging junior resource company with a highly experienced management team and
board focused on exploring and potentially developing copper deposits in Perú, one of the lowest-cost,
lowest-risk mining jurisdictions globally.
The Company's principal objective is to explore and significantly expand its Elida Porphyry Cu-Mo-Ag
Deposit in west-central Perú. Alongside Elida, the Company has three early stage, highly prospective
porphyry Cu projects in Perú for more than 27,000 ha of titled concession. These include the Flor de
Cobre porphyry Cu-Mo prospect situated in the Southern Perú Copper Belt, just 26 km from the Cerro
Verde copper mine (Freeport-Buenaventura)
2
as well as the Paka and Pahuay porphyry Cu skarn
prospects related to potential tertiary-aged, mineralized porphyry complexes intruding along the eastern
margin of the Peruvian Coastal Batholith.
All projects are well located for future mine development and will benefit from nearby infrastructure
including roads, powerlines, ports, water, and a skilled workforce.
Notes:
1
.
The Mineral Resource Estimate information is available in "NI 43-101 Technical Report, Mineral Resource Estimation of the Elida
Porphyry Copper Project in Perú" dated September 20, 2022, and prepared in accordance with Form 43-101F1 by Marc Jutras, P.Eng.,
M.A.Sc., Ginto Consulting Inc.
2
.
This news release contains information about adjacent properties on which Element 29 has no right to explore or mine. Readers are
cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company's properties.
On Behalf of the Board of Directors:
"
Richard Osmond, P.Geo."
CEO and Director
For media enquiries or more information on this press release, please contact:
Dylan Berg
VP Investor Relations & Marketing
+1 (888) 246-7881
Kevin Guichon
Investor Relations Consultant
+1 (888) 246-7881
More information is available at
www.e29copper.com
.
Neither the TSX Venture Exchange (the "
TSX-V
") nor its Regulation Service Provider (as that term is
defined in the policies of the TSX-V)
accepts responsibility for the adequacy or accuracy of this press
release.
Cautionary Note Regarding 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
"). Any statements that are contained in this press release that are not statements of
historical fact may be deemed to be Forward-looking Statements. Forward-looking Statements are
frequently, but not always, identified by words such as "may", "will", "intends", "proposed", "believes",
"continues", "plans", "expects" or similar expressions (or the negative and grammatical variations of
any of these terms). Forward-looking Statements in this press release include, but are not limited to,
statements with respect to the Company's resource properties and future capital requirements; and
the Company's plans, focus and objectives.
Forward-looking Statements involve various risks and uncertainties and are based on certain factors
and assumptions. Although Element 29's management considers these beliefs and assumptions
reasonable based on currently available information, 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. Forward-looking Statements necessarily involve known and unknown
risks, and important factors, among others, that could cause actual results to differ materially from the
Company's expectations include: uncertainties related to the Company's ability to access investors
for the Financing; the timeliness and success of regulatory approvals; fluctuations in copper and other
commodity prices; uncertainties inherent in the exploration of mineral properties; risks associated with
general economic conditions; changes in legislation, income tax and regulatory matters; currency and
interest rate fluctuations; inability to access sufficient capital from internal and external sources; and
other risk factors set forth in the Company's prospectus under the heading "Risk Factors".
Readers are further cautioned not to place undue reliance on Forward-looking Statements as there
can be no assurances that the plans, intentions or expectations upon which they are placed will occur.
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 Element 29 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/303899