Element79 Corporate Financing Update
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Element79 Corporate Financing Update
V ANCOUVER, BC / THENEWSWIRE / November 25, 2024 – Element79 Gold Corp. (CSE: ELEM)
(OTC: ELMGF) (FSE: 7YS) (" Element79", or the "Company”) Pursuant to the Company’s previous
announcements for its private placement, the Company has determined that it will not be pursuing further
funding under the non-brokered private placement (the “Private Placement”) . On November 15, 2024 the
Company announced that it had raised for aggregate gross proceeds of $500,024 and issued 5,000,240 units
(each, a “Unit”) at a price of $0.10 per Unit.
About Element79 Gold Corp.
Element79 Gold is a mining company with a focus on exploring and developing its past -producing, high-grade
gold and silver mine, the Lucero project located in Arequipa, Peru, with the intent to restart production at the
mine and through reprocessing its tailings, in the near term.
The Company holds a portfolio of four properties along the Battle Mountain trend in Nevada, and the projects
are believed to have significant potential for near -term resource development. The Company has retained the
Clover project for resource development purposes and signed a binding agreement to sell three projects with a
closing date on or before November 30, 2024.
The Company also holds an option to acquire a 100% interest in the Dale Property, 90 unpatented mining claims
located approximately 100 km southwest of Timmins, Ontario, and has recently announced that it has transferred
this project to its wholly owned su bsidiary, Synergy Metals Corp, and is advancing through the Plan of
Arrangement spin-out process.
For more information about the Company, please visit www.element79.gold
Contact Information
For corporate matters, please contact:
James C. Tworek, Chief Executive Officer
E-mail: [email protected]
For investor relations inquiries, please contact:
Investor Relations Department
Phone: +1.403.850.8050
E-mail: [email protected]
Cautionary Note Regarding Forward Looking Statements
This press contains "forward‐looking information" and "forward-looking statements" under applicable securities
laws (collectively, "forward‐looking statements"). These statements relate to future events or the Company's
future performance, business prospects or opportunities that are based on forecasts of future results, estimates of
amounts not yet determinable and assumptions of management made considering management's experience and
Element79 Gold Corp.
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perception of historical trends, current conditions and expected future developments. Forward-looking
statements include, but are not limited to, statements with respect to: the Company's business strategy; future
planning processes; exploration activities; the timing and result of exploration activities; capital projec ts and
exploration activities and the possible results thereof; acquisition opportunities; and the impact of acquisitions,
if any, on the Company. Assumptions may prove to be incorrect and actual results may differ materially from
those anticipated. Conseq uently, forward -looking statements cannot be guaranteed. As such, investors are
cautioned not to place undue reliance upon forward-looking statements as there can be no assurance that the
plans, assumptions or expectations upon which they are placed will occur. All statements other than statements
of historical fact may be forward‐looking statements. Any statements that express or involve discussions with
respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often,
but not always, using words or phrases such as "seek", "anticipate", "plan", "continue", "estimate", "expect",
"may", "will", "project", "predict", "forecast", "potential", "target", "intend", "could", "might", "should",
"believe" and similar expressions) are not statements of historical fact and may be "forward‐looking statements".
Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of
the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.