Element79 Gold Corp.- New Crescita Facility
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Element79 Gold Corp. Announces Strategic Investment and Advisory Agreement with
Crescita Capital LLC
Vancouver, British Columbia — February 12, 2025 — Element79 Gold Corp. (CSE: ELEM,
FSE: 7YS0, OTC: ELMGF) (the "Company" or "Element79") is pleased to announce that it has
entered into a new Investment and Advisory Agreement with Crescita Capital LLC
("Crescita"), effective February 7, 2025. This strategic agreement includes a CDN $5 million
equity drawdown facility and advisory services aimed at accelerating the Company’s growth
and enhancing its operational and financial objectives.
Key Highlights of the Agreement:
1. CDN $5 Million Equity Drawdown Facility:
Crescita has committed to providing Element79 with a non -revolving equity drawdown
facility of up to CDN $5 million. This funding mechanism will allow Element79 to access
capital in tranches during a defined commitment period. Proceeds are expected to support
the Company’s ongoing exploration, mine development activities, and other corporate
initiatives.
Per the terms of the Agreement, on signing, Element79 is to issue 10,000,000 Common
Shares (Fee Shares); and 62,500 Common Shares (Initial Consulting Fee Shares) at a
deemed value of CAD $0.04 per Common Share; plus 2,939,965 Fee Warrants to Crescita
Capital LLC. The Fee Warrants are exercisable for 5 years from the date of issuance with a
Warrant Adjusted Exercise Price equal to the greater of (i) the VWAP of the Common Shares
during the Warrant Exercise Price Adjustment Period, and (ii) the Exchange Minimum Price
at the time the Warrants were originally issued, in any case, subject to the applicable Listing
Rules.
2. Strategic Advisory Services:
Crescita will deliver tailored advisory services to Element79, including guidance on business
development, strategic mergers and acquisitions, and capital markets strategies. These
services are designed to support Element79’s efforts to unlock value across its portfolio of
mining assets and drive sustainable growth.
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3. Aligned Interests and Growth Focus:
Crescita has been an investor in Element79 Gold Corp ’s growth and development since
2021. This new Agreement reflects Crescita’s confidence in Element79’s vision and new
mine development-focused strategy. In addition to providing funding, Crescita’s extensive
expertise in project development, financing, global capital markets and corporate strategy
is expected to be a key driver in advancing Element79’s operational goals.
CEO’s Statement:
James Tworek, Chief Executive Officer of Element79 Gold, commented:
"Crescita Capital LLC has been a key funding partner of ELEM since our IPO, having invested
over $7.2M in Element79 over that time period, and this new capitalization and consulting
agreement reflects our mutually-entrenched investment in the company’s business
strategy and growth focus for the future. This agreement not only secures the financial
resources needed to advance our exploration and development projects but also brings
valuable strategic advisory capabilities , highlighting that in the past w e have built a strong
company together and are looking at developing sustainable success together through the
new, focused phase of corporate development. With this new financial facility in place as a
strategic tool in our strategic toolkit, we are well -positioned to accelerate our growth
trajectory and deliver on our commitments to shareholders."
About Element79 Gold Corp.
Element79 Gold is a publicly traded mining company focused on developing its portfolio of
high-grade gold and silver assets. Its flagship project, the Lucero mine in Arequipa, Peru, is
a past -producing property with significant resource potential. The Comp any also holds
several exploration projects along Nevada’s Battle Mountain trend, a region renowned for
prolific gold production. Additionally, Element79 has recently transferred its Dale Property
in Ontario to its subsidiary, Synergy Metals Corp., as part of a spin-out process.
About Crescita Capital LLC
Crescita Capital LLC, headquartered in the UAE, specializes in providing strategic
investments and advisory services to mining and exploration companies. Crescita focuses
on enabling companies to optimize their financial strategies, advance resource
development projects, and achieve their long-term goals.
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For more information, please contact:
James C. Tworek
Chief Executive Officer
E-mail: [email protected]
Investor Relations Department
Phone: +1.403.850.8050
E-mail: [email protected]
For further updates on Element79 Gold Corp., visit www.element79.gold.