Element79 Gold Corp. (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS) is a mining company focused on gold, silver and associated metals and committed to maximizing shareholder value through responsible mining practices and sustainable development of its projects. The properties are in Ontario, Nevada, and Peru.
While not a huge raise, ELEM’s recent foray resulted in an oversubscription to yield C$145,000. That is on the heals current drawdown from the Crescita Equity Investment Facility. Upon the announcement, Investors saw the shares rise and a volume of nearly 1 million shares. The average daily volume is almost 500k, so there is interest, particularly at this low price.
James C. Tworek, Chief Executive Officer of Element79, commented, “We appreciate the ongoing support from our investment community. The oversubscription of the notes underlines the trust and confidence placed in Element79’s vision and strategy. These funds will facilitate our operational commitments at Lucero and Nevada portfolios through the coming months.” Given all the choices vying for investor attention and funds, it speaks well that ELEM had success and an oversubscribed raise.”
Here is the Corporate Presentation.
Investors should be keen on ELEM as it is not a ‘we have a drill on the property soon’ investment. Positioning, deal-making, and gold exploration and mining make this an investment with legs. You should access and digest the management team‘s experience and contacts to put ELEM in the top strata of junior golds.
There are many gold companies out there. Few have the potential of Element 79. I have published this chart before, but when you illuminate the ‘closeology’ of the Nevada properties, understand the potency of the recent raise, and add in the robust gold price, E79 bears watching and, at C$0.025, a likely buy for risk-oriented investors.