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Element 29 Resources To Refresh Board Of Directors With Industry Veterans

FULL DISCLOSURE: This is sponsored content for Element 29 Resources.

Element 29 Resources (TSXV: ECU) is continuing the process of reworking its management team, following changes initially made back in late February.

The latest changes are set to impact the firms board of directors, with three new independent nominees being put up for election at the first 2024 annual general meeting, which is scheduled to occur on June 27. Their nomination follows the retirement of Robert Willis.

The new nominees for director roles include:

  • Brad Mercer, a professional geoscientist whom previously served as COO for Capstone Copper, driving the company from a $20 million valuation to that of $5.0 billion.
  • Chet Idziszek, an exploration geologist with over four decades of experience. Idziszek held roles in the discovery of the Eskay Creek VMS deposit in BC, as well as the Cobre Panama porphyry copper deposit in Panama.
  • Mary-Carmen Vera, a geological engineer and a member of the board of directors for PDAC.

READ: Element 29 Sees Manuel Montoya Appointed To Leadership Team

The nominees have been nominated alongside existing directors, which include Patrick Elliott, a geologist by trade that is currently CEO of Lexore Capital Corp and Forte Copper Corp, as well as Chairman Richard Osmond, whom is president of GlobeTrotters Resource Group.

Element 29 Resources last traded at $0.22 on the TSX Venture.


FULL DISCLOSURE: Element 29 Resources is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Element 29 Resources. The author has been compensated to cover Element 29 Resources on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.

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