Element 29 Chases a Billion-Tonne Copper Porphyry in Peru with a $60M Budget: CEO Richard Osmond

CEO Richard Osmond explains sponsor Element 29 Resources’ investment value proposition in this episode. Element 29 is a copper explorer in Peru, and its flagship Elida porphyry copper-molybdenum-silver project already has a 321 million tonne inferred resource. Richard says the goal is much bigger. The company wants to double the size of the pit and is targeting a tier-one deposit of more than 1 billion tonnes at about 0.5% copper equivalent, or roughly 5 million tonnes of contained copper. Element 29 is well funded to pursue that goal. It raised about $47 million in 2026, and with roughly $11 million in warrants coming due, it expects a budget of close to $60 million CAD to be spent over the coming years. Support comes from well-respected, strategic investors such as Randy Smallwood, George Brack, Ross Beaty, and Alex Gubbins.

00:00 Intro 00:43 Element 29 Overview 01:32 Richard Osmond Background 03:07 Why Peru and Copper 04:23 Finding Elida with Satellites 06:16 Location and Infrastructure Edge 08:00 Newfoundland Roots and Values 10:30 Strategic Investors and Financing 13:04 Drilling Permits and Community 15:02 Elida Geology and New Zones 17:33 Deep Drilling Vectors 19:33 Resource Growth and Tier One Goal 21:04 Assays, Met Work and De-risking 25:31 Copper Price Outlook

TSXV: ECU -- OTCQX: EMTRF https://www.e29copper.com/

E29 Presentation: https://www.e29copper.com/_resources/presentations/corporate-presentation.pdf?v=0.608

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