Element 29 Resources Inc (ECU) Financings
TSXV: ECU · Copper · Advanced Exploration stage
- Market cap$333.8M
- Share price$1.70
- 52-week range$0.890 – $1.90
- Shares outstanding196,352,786
- ExchangeTSXV
Element 29 is an emerging junior resource company with a highly experienced management team and board focused on the discovery and advancement of copper projects in Pert, one of the lowest-cost, lowest-risk mining jurisdictions globally. The Company's flagship project is the Elida Porphyry Cu-Mo-Ag Deposit in west-central Pert which has an initial pit-constrained inferred Mineral Resource Estimate 1 of 321.7 million tonnes grading 0.32% Cu, 03% Mo and 2.61 g/t Ag at a 0.2% Cu cutoff grade. Alongside Elida, the Company has three (3) early stage, highly prospective porphyry Cu projects in Peru that include the Flor de Cobre porphyry Cu-Mo prospect situated in the Southern Pert Copper Belt, just 26 km from the Cerro Verde copper mine 2 (Freeport-Buenaventura) as well as the Paka and Pahuay porphyry Cu skarn prospects. All projects are well located for future mine development and will benefit from nearby infrastructure including roads, power infrastructure, ports, water, and a skilled workforce.
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Element 29 Resources Inc financial statements
Key figures read from 24 of 24 financial statement filings, Nov 30, 2020 to Aug 27, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$7,572,828 | C$1,189,987 | C$1,228,429 | C$1,079,849 | C$7,832,949 |
| Total current assets | C$16,563,080 | C$11,964,310 | C$14,450,484 | C$13,213,321 | — |
| Total current liabilities | C$1,453,090 | C$459,388 | C$163,404 | — | — |
| Working capital | C$15,109,990 | C$11,504,922 | C$14,287,080 | — | — |
| Exploration and evaluation assets | C$16,448,483 | C$11,909,195 | C$14,354,885 | C$13,121,714 | C$9,780,611 |
| Property, plant and equipment | C$114,597 | C$55,115 | C$95,599 | C$91,607 | C$75,993 |
| Total assets | C$24,368,814 | C$13,299,285 | C$15,927,404 | C$14,542,987* | C$17,803,713* |
| Debt | — | — | C$0 | C$40,000 | C$40,000 |
| Total liabilities | C$1,496,804 | C$459,388 | C$177,011 | C$460,735 | C$791,337 |
| Shareholders' equity | C$22,872,010 | C$12,839,897 | C$15,750,393 | C$14,082,252 | C$17,012,376 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| General and administrative | C$40,489 | C$135,110 | C$113,198 | C$153,163 | C$138,326 |
| Share-based compensation | C$1,154,895 | C$612,229 | C$169,352 | C$1,591,813 | C$873,075 |
| Impairments and write-downs | C$0 | C$5,134,671 | C$0 | C$1,541,503 | — |
| Net income (loss) | (C$2,567,643) | (C$7,149,505) | (C$1,918,948) | (C$5,241,937) | (C$2,905,719) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$1,350,897)* | (C$1,314,159)* | (C$1,858,163)* | (C$2,227,486)* | (C$2,011,191)* |
| Investing cash flow | (C$3,676,639)* | (C$2,308,149)* | (C$1,379,996)* | (C$5,245,614)* | (C$3,217,895)* |
| Financing cash flow | C$11,410,377* | C$3,583,866* | C$3,386,739* | C$720,000* | C$6,842,328* |
| Exploration spending (capitalized) | (C$3,652,428) | (C$2,308,149) | (C$1,404,996) | (C$5,217,521) | (C$3,112,361) |
| Property, plant and equipment spending | (C$24,211) | — | C$0 | (C$28,093) | (C$80,534) |
| Proceeds from share issues | C$11,444,861 | C$3,608,673 | C$3,435,844 | C$0 | C$6,842,328 |
| Change in cash | C$6,382,841 | (C$38,442) | C$148,580 | (C$6,753,100) | C$1,613,242 |
| Cash at end of period | C$7,572,828 | C$1,189,987 | C$1,228,429 | C$1,079,849 | C$7,832,949 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Element 29 Resources Inc financings
5 financings announced or closed by Element 29 Resources Inc, read by Mining News Terminal, newest first.