Steve Stakiw, President and CEO of Element 29, said, "The listing provides Element 29 with greater investor exposure and liquidity potential by offering Peruvian and other South American funds, institutions and retail investors the opportunity to participate in the advancement of the Company's copper projects in the region."
BVL was founded in 1860 and comprises 265 listed companies with a combined market capitalization of approximately $126 billion. BVL is the most active mining exchange in Latin America. In addition to the Peruvian and international mining companies listed on BVL, there are four mining companies dual listed on the TSX/BVL and 11 mining companies dual listed on the TSX-V/BVL. BVL is also in the final stages of a merger with the Santiago and Colombia stock exchanges. The merger is expected to take effect in 2023 and will provide long-term benefits to investors by giving them access to investment opportunities in three countries (Chile, Colombia and Peru) through a single platform.
Element 29 Resources Inc. is an advanced copper exploration company with a portfolio of Peruvian projects. The company's two main targets are the Elida porphyry copper deposit in western Peru and the Flor de Cobre porphyry copper project in Peru's southern copper belt, 26 km southeast of Freeport-McMoRan's Cerro Verde copper mine. Both projects are well located for potential mine development and will benefit from nearby infrastructure, including roads, power lines, ports, water and skilled labor.
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