Element 29 mobilizes third drill rig at Elida copper project in Peru

Element 29 mobilized a third drill rig to the Elida porphyry copper-molybdenum-silver project in west-central Peru. New rig starts drilling at the previously untested Zone 4 porphyry target, immediately west of Zone 1. Three rigs position the program to exceed its 10,000-meter 2026 drilling target; drilling is planned to continue into 2027. Step-out drilling continues at Zone 1 to support potential resource expansion beyond the current inferred mineral resource estimate. Company plans to seek regulatory approval to lift authorized drilling capacity to up to 60 platforms from 40. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Element 29 Resources Inc. published the original content used to generate this news brief via (Ref. ID: 202610130730NEWSFILECNPR____20261013_318468_1) on October 13, 2026, and is solely responsible for the information contained therein. (C)