Element 29 Resources Inc. Stock Analysis ECU.V

Element 29 Resources, Inc. operates as a mineral exploration company. The company is headquartered in Vancouver, British Columbia. The company went IPO on 2020-12-03. The firm is focused on exploring and potentially developing Tier one copper deposits in Peru. Its projects include Flor de Cobre copper project, Elida copper project, Pahuay copper skarn project and Paka copper skarn project. The Elida Porphyry Copper Deposit is in west-central Peru, and is a road accessible from the capital city, Lima, along the Pan American Highway, over 170 kilometers (km) northwest to the coastal city of Barranca, then inland 75 km along a secondary road with paved and unpaved surfaces. The project is situated at a moderate elevation between 1,500 meters (m) and 2,000 m with access to transportation routes. The Flor de Cobre is situated over 26 km southeast of Cerro Verde Mine. The Paka porphyry copper-(gold-silver-zinc) skarn project is located approximately 200 km northeast of Arequipa, Peru. The company owns 100% interest in the Pahuay Project, located in Peru, subject to a 2% net smelter return.