Element 29 Resources

What Element 29 Resources does

Element 29 Resources Inc. is a junior mining exploration and development company focused on discovering Tier-1 copper deposits in Peru. Incorporated in British Columbia, Canada, the company is headquartered in Vancouver with an operational office in Lima, Peru, and operates through wholly-owned Peruvian subsidiaries Elida Resources S.A.C. and Candelaria Resources S.A.C. Its securities trade on the TSX Venture Exchange (ECU), OTCQB (EMTRF), and Bolsa de Valores de Lima (BVL: ECU), with DTC eligibility in the United States. The portfolio comprises four projects covering more than 25,000 hectares of titled concessions: the flagship Elida Porphyry Cu-Mo-Ag Deposit in west-central Peru (321.7 million tonnes inferred resource at 0.32% Cu, 0.03% Mo, and 2.61 g/t Ag, with a low 0.74:1 strip ratio, situated within a 2.0 x 2.0 km alteration system enclosing five exploration targets), Flor de Cobre in the Southern Peru Copper Belt near Cerro Verde, and the earlier-stage Paka and Pahuay projects.

The company's core activities are diamond drilling, NI 43-101 compliant resource estimation, and metallurgical test work. Phase 3 drilling at Elida has extended mineralization beyond the limits of the current pit shell, with intercepts including 908.75 meters at 0.55% CuEq demonstrating vertical continuity beyond 900 meters. The company engages third-party technical partners such as Synectiq Inc. for resource modelling and metallurgical program design, and operates three drill rigs as of late 2025 to accelerate exploration.

Element 29 is pre-revenue and does not generate operating income; the business model relies on equity financing (including a December 2020 IPO, $6.8M raise in 2021, $1.25M in 2022, and a $35.4M private placement in April 2026 with strategic investor Alpayana S.A.C. taking a 9.9% stake) to fund exploration activities. The customer base consists of institutional and retail mining investors seeking exposure to copper exploration in Peru, with a senior investor relations function supporting capital markets engagement and corporate visibility.

Name

Element 29 Resources

Legal name

Element 29 Resources Inc.

Website

https://e29copper.com

Company type

Public

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

Element 29 Resources is a Vancouver-based junior mining company exploring for Tier-1 copper-molybdenum-silver deposits across four projects covering over 25,000 hectares in Peru, led by the Elida deposit with a 321.7 million tonne inferred resource. The pre-revenue company funds exploration through equity financing on TSXV, OTCQB, and BVL.

Ownership category

akta.pro rank

NAICS

Copper, Nickel, Lead, and Zinc Mining (212230), Mining (except Oil and Gas) (212)

SIC

Metal Mining (1000)

akta.pro primary industry

Copper Exploration & Resource Development (IMAKADAA)

Keywords

• Copper exploration
• Mineral exploration
• Porphyry deposit drilling
• Junior mining
• Resource estimation

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Others, Marketing or Sales

Revenue model

1. Pre-Revenue Exploration Stage: Element 29 Resources is a pre-revenue junior mining exploration company. The company does not generate revenue from operations and relies on equity financing, private placements, and strategic partnerships to fund exploration activities at its copper projects in Peru.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Element 29 Resources is a junior mining exploration company that explores for and develops Tier-1 copper-molybdenum-silver porphyry deposits in Peru. Its portfolio comprises four exploration projects — Elida (flagship, with a 321.7 million tonne inferred resource), Flor de Cobre, Paka, and Pahuay — covering more than 25,000 hectares of titled concessions. The company funds exploration through equity financing (public listings and private placements) and has not yet commenced commercial production.

Product overview

Element 29 Resources is a junior mining exploration company with a portfolio of copper projects in Peru. The company's primary offering is its exploration and development of porphyry copper deposits, comprising four main projects: the flagship Elida Cu-Mo-Ag deposit (321.7M tonne inferred resource) in west-central Peru, the Flor de Cobre porphyry Cu-Mo project in the Southern Peru Copper Belt, the Paka Cu-Zn-(Au-Ag) porphyry-skarn project, and the Pahuay Cu-skarn exploration prospects. Together these represent over 25,000 hectares of titled concessions focused on Tier-1 copper discovery potential.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 321.7 million tonnes inferred resource at 0.32% Cu, 0.03% Mo, 2.61 g/t Ag (Elida)
• +3 more outcomes

Segments1 record

Ideal customer profiles2 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Synectiq Inc.coreStrategic or Co-development Partner · 7 May 2026Synectiq Inc. has been engaged to support mineral resource modelling and design/manage a metallurgical test work program for the Elida Porphyry Cu-Mo-Ag Deposit. The engagement will support integration of Phase 3 drilling data into an updated resource model and advance metallurgical understanding across principal ore types for future technical studies.
• ComputershareminorOthersComputershare serves as the company's transfer agent, providing share registry and transfer services from their Vancouver, BC location at 510 Burrard Street, 2nd Floor.
• Davidson & CompanyminorOthersDavidson & Company serves as the company's auditor, located at Suite 1200 - 609 Granville Street, Vancouver, BC, Canada V7Y 1G6.
• Globetrotters Resource Group Inc.minorStrategic or Co-development PartnerDr. Paul Johnston, VP of Exploration, was previously Chief Geologist for Globetrotters Resource Group Inc., where he was directly involved in establishing geological concepts and controls on mineralization for the Flor de Cobre and Elida copper projects.

Scale indicators6 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Regulus Resources: Junior copper-gold exploration company focused on the AntaKori project in Peru. Directly comparable as a Peru-focused copper explorer at a similar stage of advancing a porphyry copper resource, with similar reliance on equity financing and a comparable small-team operating model.
• Filo Corp: Junior copper-gold-silver explorer advancing the Filo del Sol and Josemaria projects in the Andes. Comparable as a porphyry copper explorer with similar resource scale, multi-rig drilling programs, and capital-intensive development trajectory targeting Tier-1 copper discoveries.
• Solaris Resources: Copper-gold exploration company advancing the Warintza project in Ecuador. Closely comparable to Element 29 as a porphyry copper explorer drilling out a multi-target district-scale system, with similar junior-mining capital structure and market profile on Canadian exchanges.
• Panoro Minerals: Junior copper exploration company with multiple copper projects in Peru, including the Cotabambas and Antilla projects. Directly comparable as a Peru-focused copper explorer at similar stage with similar funding dynamics and project portfolio approach.
• NGEx Minerals: Copper-gold explorer focused on the Los Helados project in Chile/Argentina. Comparable as a porphyry copper explorer with a large inferred resource base and similar strategy of advancing a single flagship asset through drilling and study work.
• Los Andes Copper: Junior copper developer advancing the Vizcachitas project in Chile. Comparable as a porphyry copper exploration/development company with similar inferred resource profile and similar reliance on equity financing to advance project studies.

Emerging players

• Bear Creek Mining: Peru-focused copper producer and explorer operating the Corani silver-lead-zinc project with copper exploration upside. Comparable as a Peru-based mining company with junior-stage capital structure, though more advanced as it nears production.
• Atico Mining: Copper-gold producer operating in Peru with exploration upside from its El Roble mine and surrounding concessions. Comparable as a small-cap Peru-focused copper company, though more advanced as an operating producer versus Element 29's exploration stage.

Broad incumbents

• Hudbay Minerals: Mid-tier copper producer with operating mines in Peru (Constancia) and across the Americas. Comparable as a copper mining company operating in Peru, though significantly larger and more diversified than Element 29—useful for regional context and as a potential acquirer.
• First Quantum Minerals: Major copper miner operating multiple copper mines including in Peru. Comparable as a Peru-exposed copper producer, though vastly larger and more diversified than Element 29—useful for validating Peru's district potential and as an acquirer profile.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/watch?v=d0cfhqRJfXs
• Xx.com/CopperE29
• LinkedInlinkedin.com/company/element-29-resources-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries2 records

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Element 29 Resources