Element79 Gold Corp.
Appoints Kevin Arias as Advisor to the Board of Directors,
Strengthening Strategic Leadership
Vancouver,
BC – September 18, 2024 -- InvestorsHub NewsWire -- Element79 Gold
Corp. (CSE:ELEM)(OTC:ELMGF)(FSE:7YS0) ("Element79" or "the
Company") is pleased to announce
the appointment of Mr. Kevin Arias to the Company's Advisory
Board.
With over
two decades of experience across industries such as mining, energy,
and corporate finance, Mr. Arias brings a wealth of knowledge and
expertise to the Company. His strong background in business
development, investor relations, securities, and corporate
communications, combined with a proven track record in raising over
CAD $100 million since 2008, positions him as a valuable addition
to the Element79 team.
Mr. Arias
currently serves as Managing Director at Maple Grove Capital Inc.,
where he has honed his skills in navigating the complex landscapes
of upstream energy, mining, and metals sectors. His prior roles
include Vice President of Corporate Relations for Red Eagle Mining,
Black Eagle Mining, and Slater Mining, as well as positions with
Dundee Securities Corporation and Scotia McLeod, further showcasing
his versatility and leadership within the industry.
James
Tworek, CEO of Element79, commented, "We are thrilled to welcome
Kevin to as an Advisor to our Board. His extensive experience in
corporate finance and investor relations will be instrumental as we
continue to grow and achieve new milestones for the
Company."
Mr. Arias
has studied Finance and Marketing at Simon Fraser University,
Vancouver, BC. He will begin his advisory role immediately,
providing strategic guidance in corporate finance as Element79
moves forward with to fund its exploration and development
projects.
Closing
of Private Placement
Having
already successfully oversubscribed its former capital raising goal
on July 12, 2024 for $288,815, the Company is formally closing the
private placement.
About
Element79 Gold Corp.
Element79
Gold is a precious metals mining company with a focus on exploring
and developing its past-producing, high-grade gold and silver mine,
the Lucero project located in Arequipa, Peru, with the intent to
restart production in the near term.
The Company
holds a portfolio of four properties along the Battle Mountain
trend in Nevada, and the projects are believed to have significant
potential for near-term resource development. The Company has
retained the Clover project for resource development purposes and
signed a binding agreement to sell three projects with a closing
date on or before November 30, 2024.
The Company
also holds an option to acquire a 100% interest in the Dale
Property, 90 unpatented mining claims located approximately 100 km
southwest of Timmins, Ontario, and has recently announced that it
has transferred this project to its wholly owned subsidiary,
Synergy Metals Corp, and is advancing through the Plan of
Arrangement spin-out process.
Contact
Information:
For
corporate matters, please contact:
James C.
Tworek, Chief Executive Officer
E-mail:
jt@element79.gold
For
investor relations inquiries, please contact:
Investor
Relations Department
Phone:
+1.403.850.8050
E-mail:
investors@element79.gold
---
Cautionary
Note Regarding Forward-Looking Statements
Certain
information in this news release constitutes forward-looking
statements under applicable securities laws. Any statements that
are contained in this news release that are not statements of
historical fact may be deemed to be forward-looking statements.
Forward-looking statements are often identified by terms such as
"may", "should", "anticipate", "expect", "potential", "believe",
"intend" or the negative of these terms and similar expressions.
Forward-looking information in this press release is based on
certain assumptions and expected future events.
These
statements involve known and unknown risks, uncertainties, and
other factors, which may cause actual results, performance, or
achievements to differ materially from those expressed or implied
by such statements.
Readers are
cautioned that the foregoing list is not exhaustive. Readers are
further cautioned not to place undue reliance on forward-looking
statements, as there can be no assurance that the plans,
intentions, or expectations upon which they are placed will occur.
Such information, although considered reasonable by management at
the time of preparation, may prove to be incorrect, and actual
results may differ materially from those anticipated.
Forward-looking
statements contained in this press release are expressly qualified
by this cautionary statement and reflect the Company's expectations
as of the date hereof and are subject to change thereafter. The
Company undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
estimates or opinions, future events or results or otherwise, or to
explain any material difference between subsequent actual events
and such forward-looking information, except as required by
applicable law.
Neither
the Canadian Securities Exchange nor the Market Regulator (as that
term is defined in the policies of the Canadian Securities
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
