Element 29 Resources Engages Torrey Hills Capital
Element 29 Resources Engages Torrey Hills
Capital
Vancouver, British Columbia--(Newsfile Corp. - February 10, 2025) - Element 29 Resources Inc.
(TSXV:
ECU) (OTCQB: EMTRF) (BVL: ECU)
("
Element 29
" or the "
Company
") announces
that, subject to
regulatory approval, has retained San Diego Torrey Hills Capital, Inc. ("Torrey Hills) to increase
awareness about the Company through its established relationships with investment professionals,
investment advisors, and money managers in the United States. Torrey Hills has been engaged at a rate
of US$8,000 per month for a term of three months. Torrey Hills is arm's length to Element 29 and
currently has no interest in the Company. Cliff Mastricola is the principal of Torrey Hills and will be
responsible for all activities related to the Company.
About Torrey Hills
Torrey Hills was formed in 1998 and is headquartered at 16236 San Dieguito Road, Suite 2-10, Rancho
Santa Fe, California. The team of professionals offers experience and expertise in investor relations,
corporate communications, non-deal roadshows, and market support activities. Torrey Hills specializes
in the development and marketing of emerging growth companies which trade in the United States
(NYSE, AMEX, and OTC) and in Canada (TSX, TSX-V, and CSE). Marketing activities articulate key
investment attributes and strategic direction to ensure that a client's market value fully reflects past
achievements and future opportunities. Further information is available at
www.sdthc.com
.
Grant of Options/RSU's/DSU's
The Company has granted an aggregate of 2,370,000 stock options to directors, officers, employees
and consultants of the Company in accordance with the Company's incentive stock option plan, subject
to regulatory acceptance. These incentive stock options are exercisable at $0.49 per share for a period
of 5 years. The Company also announces that it has granted an aggregate of 150,000 deferred share
units, ("
DSUs
") to the directors of the Company and 126,000 restricted share units ("
RSUs
") to
employees and consultants of the Company. The DSUs and RSUs are governed by the Company's
RSU/DSU Plan and will be subject to applicable securities law hold restrictions.
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 Tier-1 copper deposits in Perú, one of the lowest-
cost, lowest-risk mining jurisdictions globally.
The Company's principal objective is to explore and potentially develop its Elida Porphyry Copper
Deposit in west-central Perú which has an initial inferred Mineral Resource Estimate of 321.7 million
tonnes grading 0.32% Cu, 0.03% Mo and 2.61 g/t Ag at a 0.2% Cu cutoff grade and a low 0.74:1
modeled strip ratio. 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.
Alongside Elida, the Company has three (3) early stage, highly prospective porphyry Cu projects in Perú
for more than 25,000 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) 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. More at
www.e29copper.com
.
For more information:
Richard Osmond
CEO and Director
1-888-246-7881
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.
1
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
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/240337