AveragePenny
7月前
$ELMGF $ELEM.C Element79 Gold Corp Secures Reclamation Bond Approval for Gold Mountain Exploration Project
https://www.thenewswire.com/press-releases/1BglFNRmY-element79-gold-corp-secures-reclamation-bond-approval-for-gold-mountain-exploration-project.html
Vancouver, BC — October 21 2025 — TheNewswire - Element79 Gold Corp (CSE:ELEM, OTC:ELMGF, FSE: 7YS0)(the “Company” or “Element79”) is elated to announce a major step forward in its U.S. exploration strategy. The Bureau of Land Management (BLM) Nevada State Office has officially accepted a reclamation bond of USD $19,871 for its Gold Mountain Exploration Project This approval represents a key regulatory milestone, paving the way for expanded exploration and operational activity.
The bond, registered as of October 14, 2025, was received October 20, 2025. This confirms Element79’s compliance with financial assurance requirements for surface reclamation activities — a crucial component of responsible resource development.
“This bond approval is more than just a procedural step — it’s a green light for growth, we are also excited to see its approval given the recent government shut down.” said Michael Smith, The Companies CEO. “With this in place, Element79 can move forward with confidence on our phase one drill program on Gold Mountain, knowing our environmental responsibilities are fully secured and regulatory boxes checked. We have been working with tendering earthworks and drilling teams while waiting for this approval, and now we can begin engaging them for site work and drilling this fall. This brings us one step closer to unlocking the value at Gold Mountain, in Battle Mountain, of Nevada.”
Element79 remains committed to responsible resource development, and creating lasting value for its shareholders.
AveragePenny
8月前
$ELEM.C $ELMGF Element79 Gold Corp. to Showcase Nevada Focus and Growth Strategy at Munich Rohstoffmesse 2025
https://www.thenewswire.com/press-releases?id=1LpMFGWO5
Vancouver, British Columbia – TheNewswire - September 29, 2025 - Element79 Gold Corp. (CSE: ELEM) (FSE: 7YS0) (OTC: ELMGF) (the "Company" or “Element79”) announces its attendance at the Munich Rohstoffmesse (Raw Materials Conference), taking place at the Munich Small Olympic Hall from October 3rd-4th, 2025.
The confirmed investment audience – more than 1,500 participants are expected – includes private investors, fund and asset managers, family offices, and institutional investors from across Europe.
Registration for the Munich Commodity Fair is free for investors; tickets can be requested online at https://www.rohstoffmesse-muenchen.de/. The conference will bring together more than 100 companies and renowned speakers from the European market, including Dirk Müller, Jochen Staiger, Florian Grummes, and Professor Dr. Torsten Dennin.
Element79 Gold Corp CEO Michael Smith discussed: “We have had a presence in the European market for several years, and we see active trading on both our FSE ticker, 7YS0, as well as a significant amount of daily trading volumes on our CSE ticker, ELEM, come from Alternate Trading Systems, which reflect trading on international exchanges. I’m excited to share the evolving story at Element79 Gold Corp with the European community and this is a great venue for us to do that!”
AveragePenny
9月前
$ELMGF $ELEM.C Element79 Gold Corp. Announces Changes to Board of Directors with Eye to Drive Corporate Growth
https://www.thenewswire.com/press-releases/1kEjFvrKJ-element79-gold-corp-announces-changes-to-board-of-directors-with-eye-to-drive-corporate-growth.html
Vancouver, British Columbia – TheNewswire - September 15, 2025 - Element79 Gold Corp. (CSE: ELEM) (FSE: 7YS0) (OTC: ELMGF) (the "Company" or “Element79”) announces that its Board of Directors has accepted the resignation of Ms. Zara Kanji as Director of the Company, effective immediately. The Board and management thank Ms. Kanji for her valuable contributions to the Company and wish her the very best in her current and future endeavors.
At the same time, the Board is pleased to announce the appointment of Mr. Mohammad Fazil as a Director of the Company, effective September 15, 2025.
Mr. Fazil has been active in venture capital for over 35 years. He was employed by boutique investment dealers in Canada as a finance professional focusing on funding junior listed issuers on the TSX and TSX Venture exchange. Mr. Fazil is the founder and President of Lion Park Capital, a private financial advisory firm helping companies raise funding and list on a Canadian stock exchange. He is the Chairman of the Calgary branch of the TSX Venture Exchange’s Listing Advisory Committee and a member of the National Advisory Committee. He is President and Director of Blue Sky Global Energy Corp., Director of Smooth Rock Ventures Corp., CEO and Director of 5D Acquisition Corp., and President and Director of Florence Once Capital Inc.
In accepting this role, Mr. Fazil commented: "I am honored to join the Board of Element79 Gold at such an important time in the Company’s growth trajectory. With a strong and potentially growing portfolio of projects, I look forward to contributing my expertise to help guide Element79’s strategy, strengthen its foundations, and create lasting value for shareholders." Mr. Fazil has submitted his consent to act and will be updating his Personal Information Form with the Canadian Securities Exchange (CSE).
Michael Smith, CEO comments on the board changes: "On behalf of the Company, I would like to sincerely thank Zara Kanji for her years of dedication and valuable service on the Board. We wish her continued growth and success. At the same time, I welcome Mr. Fazil to the Board and am confident that his perspective and leadership will be instrumental as we focus on advancing our portfolio of projects and driving long-term shareholder value under the guidance of a strong Board."
The Board looks forward to the experience and perspective that Mr. Fazil will bring to Element79 as the Company continues to advance its portfolio of projects.
AveragePenny
9月前
$ELMGF $ELEM.C Element79 Gold Corp Engages Rangefront Mining Services to Complete Ni 43-101 Technical Report on Elephant Project
https://www.thenewswire.com/press-releases/1kogF7omO-element79-gold-corp-engages-rangefront-mining-services-to-complete-ni-43-101-technical-report-on-elephant-project.html
Vancouver, British Columbia – TheNewswire – September 10, 2025 – Element79 Gold Corp (CSE: ELEM, OTC: ELMGF, FSE: 7YS0) ("Element79", the "Company") is pleased to announce that it has engaged Rangefront Mining Services of Elko, Nevada (“Rangefront”) to complete a National Instrument 43-101 (“NI 43-101”) Technical Report on its 100%-owned Elephant Project, located within the highly productive Battle Mountain Trend in Nevada, USA.
The Company recently completed its NI 43-101 Technical Report on the Gold Mountain Project, also with Rangefront, and is excited to advance similar work on the Elephant Project to further solidify its growing Nevada-focused exploration portfolio. Rangefront has commenced compilation and analysis of historic exploration data dating back three decades for the Elephant Project and is anticipated to complete the NI 43-101 Technical Report in Q4 2025.
AveragePenny
9月前
$ELMGF $ELEM.C Element79 Gold Corp. Announces Filing of NI 43-101 Technical Report for Gold Mountain Project, Nevada
https://www.thenewswire.com/press-releases/1k49Fv1oJ-element79-gold-corp-announces-filing-of-ni-43-101-technical-report-for-gold-mountain-project-nevada.html
Vancouver, British Columbia – September 3, 2025 – TheNewswire - Element79 Gold Corp. (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS) (the “Company” or “Element79”) is pleased to announce that it has filed an independent National Instrument 43-101 (“NI 43-101”) Technical Report (the “Report”) for the Company’s Gold Mountain Project located in the Battle Mountain Mining District of Lander County, Nevada.
The Report, authored by Steven L. McMillin, MSc, CPG, of Rangefront Mining Services, outlines the geological potential of the 702-acre property, which consists of 34 unpatented lode mining claims in one of Nevada’s most productive and historic mining districts.
Highlights from the Report include:
Historic drilling by Placer Dome (2005) returned intercepts of:
7.62m grading 0.48 g/t Au
10.67m grading 0.99 g/t Au
Figures 11-14 of the report outline 2023 surface sampling of 116 rock samples, confirming high-grade Au-Ag-Pb mineralization associated with structurally controlled zones and lower-grade porphyry-style mineralization linked to the Long Peak Stock.
The project lies just 0.5 miles south of the historic Dewitt Mine, which produced high-grade gold and silver ores from the 1930s–1950s.
A Bureau of Land Management (BLM) Notice of Intent (NOI) has been approved, permitting up to 21 drill pads and associated roads.
A fully costed exploration program totaling US$800,000 has been recommended, including detailed mapping, geophysics, and 8,000 feet of RC drilling to test high-priority targets.
AveragePenny
10月前
$ELMGF $ELEM.C Element79 Gold Corp Announces Corporate Update and Strategic Leadership Changes With Focus On Accelerating Nevada Asset Development
https://www.thenewswire.com/press-releases/1knDFJQeg-element79-gold-corp-announces-corporate-update-and-strategic-leadership-changes-with-focus-on-accelerating-nevada-asset-development.html
Vancouver, BC – August 15, 2025 – TheNewswire - Element79 Gold Corp. (CSE: ELEM | FSE: 7YS0 | OTC: ELMGF) (the “Company”), is a Canadian mining company focused on developing its portfolio of gold and silver projects in Nevada and Peru, announces strategic leadership changes which will be effective August 31, 2025, alongside an update on its advancing growth strategy.
Key Highlights Discussed:
Refined Strategic Focus - Over the past year, Element79 Gold has sharpened its focus on long-term exploration and development in Nevada, anchored by the acquisition of the drill-ready Gold Mountain Project and plans to explore the Elephant Project, both located in the prolific Battle Mountain trend. This strategy is designed to form the foundation for the Company’s next phase of resource growth in one of the world’s most established gold districts.
Advancing Lucero, Peru – Continued incubation of the high-grade Lucero Project in southern Peru, with a mid-long-term objective of restarting exploration and production.
Leadership Transition– Effective August 31, 2025, including strategic changes to both Management and the Company’s Board of Directors, with the goal of accelerating asset development in Nevada.
Corporate Strategy Update
Nevada
Over the past year, Element79 Gold has sharpened its focus on building a long-term exploration and development portfolio in Nevada, anchored by the recent acquisition of the drill-ready Gold Mountain project and plans to explore the Elephant project, both located in the prolific Battle Mountain trend. The Company has had success in developing projects in this Tier 1 mining region in the past, and this refocused strategy forms the foundation for the Company’s next phase of resource growth, positioning Element79 in one of the world’s most established gold districts. The Company currently has two projects in Battle Mountain, Nevada:
Gold Mountain, a Drill-ready asset with near-term exploration plans aimed at expanding known mineralization and advancing toward resource definition. The Company has engaged Rangefront Mining Services to prepare a NI 43-101 technical report as disseminated on August 6, 2025, in previous news.
Elephant Located in the heart of the Battle Mountain trend, targeted for systematic exploration to evaluate and advance its Gold, Silver, Lead and Copper potential.
The Company is currently pursuing additional high grade mineral concessions in the region to add to its evolving portfolio.
Peru
At the same time, the Company continues to incubate its high-grade Lucero Project in Arequipa, Peru, preparing for the eventual restart of exploration and production. Work in Peru is currently focused on community engagement, legal and regulatory readiness, and aligning future project development for win-win outcomes with key stakeholders with an eye to the access issues being resolved in the coming months.
Key project points for Lucero into 2026:
Maintain regular communication and presence in the Chachas community, anticipating a more favorable local administration beginning in 2026–2028 (local meetings starting at the end of August 2025 will focus on the local mayoral race).
Monitor federal updates to the “systemic push” towards formalization under the former-REINFO-to-new-Ley MAPE transition, with a key catalyst deadline of December 31, 2025, approaching.
Upon the implementation of the new formalization regime, working with legal counsel and the community to forge surface rights and operating agreements.
Target mobilization for on-site work in mid-2026, contingent on formalization progress and community agreements.
Work with contractual counterparties to restructure terms, linking payments to mutually beneficial project advancement and production goals.
Leadership and Board Changes
Effective August 31, 2025:
James C. Tworek, Chief Executive Officer since inception, has elected to step down from the role and continue to support the Company as a Director.
Michael Smith, currently Vice President, Corporate Development, will be appointed Chief Executive Officer.
Neil Pettigrew will resign as Director and Qualified Person (“QP”). The Company is grateful for Mr. Pettigrew’s investment of expertise and help applied through the Company’s history from inception.
Kim Kirkland, currently Chief Operating Officer, will formally take on the Company’s QP role and join the Board of Directors, while stepping down from his role as COO.
Warren Levy will remain as Director and will assume the role of Chairman of the Board.
Zara Kanji will continue as Director.
Outgoing CEO James C. Tworek commented:
“It has been a privilege to build, grow and lead the talented team professionals at Element79 Gold from its private company roots through multiple transformative milestones and successes since our IPO in August 2021. These changes to the Element79 Gold Corp team make the Company nimbler while retaining expertise, intimate project knowledge and relationships.
We are grateful for our Director, Neil Pettigrew’s leadership and expertise with the Company’s multitude of projects, and guidance through many challenges that we have faced, both before and since our IPO. I wish him success in his current and future professional endeavors and look forward to the possibility to work with him again.
With the Company’s recent refocus on exploration and resource development in Nevada while continuing a mid-to-long term strategy of restarting production at Lucero in Peru, I am confident that Michael is the right leader to guide the current phase of growth. I remain committed to supporting the Company, helping to manage strategy, relationships and projects as a board member.”
Incoming CEO Michael Smith added:
“I am honored and excited to take on the role of CEO during this exciting time of refocus and development opportunity underway at Element79 Gold Corp. Our immediate priorities lead a raise focused on drilling Gold Mountain, developing Elephant and maintaining momentum at Lucero in Peru. I look forward to building upon the strong foundation laid by James and the team.”
Warren Levy, Chairman added:
“I would like to thank James and Neil for their efforts over the years to keep Element79 moving forward, and am looking forward to Michael taking the lead going forward. The refocused company has an attractive portfolio and has maintained access to the upside in Peru. We feel that the hard work of positioning the company has been well done by James and Kim, and their continued involvement on the board will be important to assist the new management team in taking the company forward successfully.”
Qualified Person
The technical information in this release has been reviewed and approved by Kim Kirkland, Fellow of AusIMM #309585, Chief Operating Officer of Element79 Gold Corp, and a "qualified person" as defined by National Instrument 43-101.
AveragePenny
10月前
$ELMGF $ELEM.C Element79 Gold Engages Rangefront Mining Services to Prepare NI 43-101 Technical Report on Gold Mountain Project; Site Visit Completed
https://thenewswire.com/preview?id=1LymFgbb3&key=a4f82a
Vancouver, BC – TheNewswire - August 6, 2025 – Element79 Gold Corp (CSE: ELEM | FSE: 7YS0 | OTC: ELMGF) (“Element79 Gold” or the “Company”) is pleased to announce that it has formally engaged Rangefront Mining Services of Elko, Nevada to prepare a National Instrument 43-101 Technical Report (“NI 43-101 Report”) for the Company’s Gold Mountain Project located in Lander County, Nevada.
As part of this engagement, Rangefront Principal Geologist and Qualified Person, Mr. Steven L. McMillin, MSc, CPG #11301, conducted a comprehensive site visit to the Gold Mountain property during the week of July 28, 2025. The fieldwork included inspection of historic adits, surface sampling zones, geological structures, and claim boundaries in and around the Long Peak Stock intrusion that underlies the project. The site visit is a critical step in validating data integrity and supports the development of the pending NI 43-101 Property of Merit report.
Photos from the site visit are included below, capturing key outcrops, alteration zones, and terrain features that demonstrate the potential of the property.
"We are excited to be working with Rangefront’s expert team to build a strong technical foundation for the Gold Mountain project," stated James Tworek, CEO of Element79 Gold Corp. "This report is a significant step forward in advancing Gold Mountain into a drill-ready stage and further validating its strategic potential within the prolific Battle Mountain mining district.”
About the Gold Mountain Project
The Gold Mountain Project was acquired by Element79 Gold Corp on August 1, 2025 and comprises 34 unpatented lode claims covering approximately 702 acres, strategically situated 13 kilometers southwest of Battle Mountain, Nevada. The area is historically known for producing both porphyry and structurally controlled high-grade gold-silver mineralization. The site visit and ongoing technical work are intended to compile and digitize historical exploration data alongside 2023 surface sampling results.
The Company expects to file the completed NI 43-101 Technical Report during Q3 2025 and will provide further updates as the work progresses.
Qualified Person
The technical information in this release has been reviewed and approved by Kim Kirkland, Fellow of AusIMM #309585, Chief Operating Officer of Element79 Gold Corp, and a "qualified person" as defined by National Instrument 43-101.
AveragePenny
10月前
$ELMGF $ELEM.C Element79 Gold Corp Announces Execution of Definitive Agreement to Acquire Gold Mountain Project in Nevada
https://www.thenewswire.com/press-releases?id=1kZaFZvDV
Vancouver, BC – TheNewswire - August 1, 2025 – Element79 Gold Corp. (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS0) ("Element79 Gold", the "Company") is pleased to announce that it has executed a definitive Asset Purchase Agreement (the “Agreement”) dated July 31, 2025, with Donald James McDowell (the “Vendor”) for the acquisition of a 100% interest in the Gold Mountain Project located in Lander County, Nevada.
The Gold Mountain Project consists of 34 unpatented mining claims covering highly prospective ground in the heart of Nevada’s Battle Mountain trend. Under the terms of the Agreement, Element79 Gold, through its wholly owned subsidiary ELEM Battle Mountain LLC, has agreed to acquire all rights, title, and interest in the Gold Mountain assets in exchange for the issuance of 100,000,000 common shares of the Company at a deemed price of C$0.02 per share, as well as a cash payment of US$137,485.85 payable following the closing of the Company’s next equity financing.
As part of the transaction, the Vendor will retain a 3% Net Smelter Return (NSR) royalty on all future mineral production from the project. This arm’s length transaction is not considered a fundamental change for the Company. No finder’s fees will be paid in conjunction with the transaction. The Company Will ensere that all required regulatory Filings are made in regards to this transaction.
Full details of the acquisition are available in the Asset Purchase Agreement filed on SEDAR+.
James Tworek, CEO of Element79 Gold, commented:
“This acquisition marks a significant step in advancing our strategic focus in Nevada. The Gold Mountain Project provides a drill-ready opportunity with strong geological fundamentals in one of the most prolific gold regions in the world. Our technical team is preparing an exploration program for later this year to begin unlocking the value of this asset.”
AveragePenny
10月前
$ELMGF $ELEM.C Element79 Gold Corp Welcomes Michael Smith as Vice President, Corporate Development
https://www.thenewswire.com/press-releases/1BglFdXOx-element79-gold-corp-welcomes-michael-smith-as-vice-president-corporate-development.html
Vancouver, BC – TheNewswire - July 21, 2025 - Element79 Gold Corp. (CSE: ELEM | FSE: 7YS0 | OTCQB: ELMGF) (“Element79 Gold” or the “Company”) is pleased to announce the appointment of Michael Smith as Vice President, Corporate Development, engaged under contract to support the Company’s renewed growth trajectory and strategic capital markets initiatives.
Mr. Smith brings over 15 years of diverse business leadership experience across business development, capital raising, public company operations, and investor relations. He has held executive and board-level roles with several CSE-listed companies and is the Founder of Lions Bridge Capital, a boutique advisory firm supporting startups and growth-stage businesses. His expertise spans capital raising, mergers and acquisitions, regulatory compliance, and corporate messaging—skills directly aligned with Element79 Gold’s objectives as it accelerates exploration and development across its Nevada portfolio, including the Gold Mountain and Elephant projects.
“Michael brings the energy and market perspective that are critical as we transition into this next phase of strategic execution,” said James Tworek, CEO of Element79 Gold. “His capital markets experience and ability to connect with investors will be instrumental in unlocking the value of our core projects in Nevada, as well as while the picture for advancing our Lucero project becomes more clear.”
“Element79 Gold is at a pivotal point in its growth story, with outstanding assets in Nevada that are ready for the market’s attention,” said Michael Smith. “I’m excited to bring my network and capital markets experience to help shape the next chapter of the Company’s journey.”
The Company’s website at www.element79.gold is under development to reflect the current portfolio and evolving team.
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