Element 29 Resources Inc EMTRF
$1.29 $0.02 (1.64%) 1D
Last Updated: Aug 21, 12:00 AM·OOTC
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EMTRF Shariah Compliance
Screening Methodology: AAOIFI
As of August 2026, Element 29 Resources Inc is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
Element 29 Resources Inc. Stock Analysis EMTRF
United States Materials Micro Cap 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.
Element 29 Resources Inc (EMTRF) Chart
Financial Metrics & Statements of Element 29 Resources Inc (EMTRF)
FAQ's for Element 29 Resources Inc (EMTRF)
- As of August 2026, Element 29 Resources Inc EMTRF is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Element 29 Resources Inc using these criteria to determine its compliance status.
- Muslim investors may consider investing in Element 29 Resources Inc if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
- Musaffa determines the Shariah status of Element 29 Resources Inc by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
- The Shariah compliance status of Element 29 Resources Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
- You can check the latest Shariah compliance status of Element 29 Resources Inc on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for Element 29 Resources Inc (EMTRF)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
