How To Ride The Gold Rush With One Powerful Stock
Why Element79 Gold Corp. (CSE:ELEM) Might Be The Best Stock To Own In 2025
There are moments in history that define generations.
This is one of those moments.
In a world plagued by runaway inflation, geopolitical tensions, and market volatility—not to mention fears of a looming recession—gold prices are once again attracting attention as it soars well over $2,300 an ounce.1
Higher gold prices not only boost mining profit margins and the value of reserves, they tend to attract more overall investing dollars into the mining sector.2
Climbing gold prices also drive consolidation in the mining sector,3 making junior miners ripe buyout targets for majors who want additional reserves and production capacity.
This is why Element79 Gold Corp. (CSE:ELEM) could present the highest-potential opportunity we’ve seen in years as the potential resurgence of the gold market takes flight.
Before diving into the details about Element79 Gold Corp. (CSE:ELEM), including their red-hot production plans, it’s worth taking a look at why investing in the gold sector is a no brainier moving into 2025.
Once in a Generation Gold Rush
According to many industry professionals, gold could surge as high as $3,000 an ounce.4
Beyond the headlines, our analysts have been keeping a close ear to the street, waiting for just the right opportunity to emerge. The recent moves by one junior miner caught our eye at the perfect time.
The restructured, refocused junior that they found is led by industry giants and, according to their most recent reporting, is on the verge of production.
Historically, we’ve seen when an early-stage mining project moves into its first cycle of production, investors reap incredible gains.8
The Start Of Production Could Triple This Stock
Element79 Gold Corp. (CSE:ELEM) has established itself on the international stage with projects in Canada and the U.S.9,10 —but it’s their recent moves in Peru that are the biggest reason Element79 may become a household name.
Element79 Gold Corp. (CSE:ELEM) is pivoting to production at their flagship high-grade, gold-silver Lucero project in Peru. Importantly, they have already received exploration permits.11
Formerly known as the Shila mine, it was producing over 40,000 ounces of gold equivalent every year. It had extremely high grades producing 19.0 grams per tonne (g/t)12 when it was last fully active in 2005—with impressive recoveries of 94.5% and 85.5% for gold and silver, respectively13—but back then, the market price of gold dipped below the cost of production.
Today, with gold hitting record highs, that’s no longer a problem and in fact, spells opportunity for savvy investors.
Element79 Gold Corp. (CSE:ELEM) plans to commence an advanced drilling program at Lucero with the intention to support a preliminary economic assessment, enabling the company to eventually move into prefeasibility studies.
These are important, confidence-building steps in the trajectory towards sustainable production.14
Imagine the impact this will have on the stock price of Element79 Gold Corp. (CSE:ELEM). Last time we saw a company move into production its stock soared 392%.15
This is the chart of the last company we saw move into production, its stock soared 392%16
Strategic Moves Are Creating The Perfect Setup For A Massive Run
Since going public, Element79 Gold Corp. (CSE:ELEM) has been on an aggressive M&A path, making numerous strategic moves.
The company recently sold a property in Nevada,17 netting over $4.4 million in cash proceeds, adding to the previous sale for $1 million,18and is additionally selling three projects expected to close by the end of this year.30
Element79 transferred yet another property to effect a spin-out expected to unlock additional value to shareholders20 and it is currently under negotiations for future project advancements in Canada.21
But the most important move was in early November, when Element79 Gold Corp. (CSE:ELEM) underwent a 10-for-1 reverse stock split, which significantly reduced the number of outstanding shares.22
With the newly reduced, limited supply of shares of Element79, it won’t take much for demand to outstrip supply, sparking a bidding war that could send the price soaring.
It’s happened many times before. In fact, some of the biggest runs in mining history have been due to restricted supply.
Take for example what happened with Patriot Battery Metals Inc. when it ran over 5,632%.
This is the chart of the last company where demand outstripped supply, its stock soared 5,632%23
As you can see from the chart above, when we watched this company last year, the stock price went parabolic.
Investors who bought their shares early for only $0.28 per share and held their positions, saw the price soar to an astounding $16.05 per share. This was all thanks to a very limited share supply.24
Now that very same setup is here with Element79 Gold Corp. (CSE:ELEM).
Great Leaders Make Great Companies
Management is a key component to success and Element79 Gold Corp. (CSE:ELEM) has no shortage of world-class talent. Their team is a who’s who of leadership behind some of the biggest and most successful projects of all time.
One of the major Directors of Element79 is Antonio Maragakis.32 Mr. Maragakis holds a distinguished resume, including management and director-level positions overseeing multi-billion dollar project portfolios internationally at organizations such as:
- Barrick Gold Corporation (NYSE Listed), where he lead project controls in North America across a portfolio of 70+ projects worth over $2.3 billion.
- Skeena Resources Limited (TSX Listed), where he worked closely with executive leadership to develop the Eskay Creek Project and corporate processes and management systems.
- Freeport-McMoRan Inc. (NYSE Listed), where he helped develop the $3 billion Indonesian Copper Smelter Project which includes a 2 million ton/annum smelter and precious metal recovery plant.
- Eldorado Gold Corporation (TSX, NYSE Listed), where he was Project Director for the over $1 billion Skouries Project as well as leading the operational turnaround of the Kassandra Mines.
- Koch Industries (the largest privately held company in the U.S.), at its subsidiary, Koch Ag. & Energy Solutions where he helped execute the Enid Expansion Megaproject, at the time the largest capital project ever undertaken by the entire Koch Industries conglomerate.25
Another major advisor of Element79 Gold Corp. (CSE:ELEM) is Shane Williams.31 Mr. Williams carries a history of significant value creation in both early-stage and operating companies, which includes senior executive and management roles overseeing and delivering world-class multibillion-dollar projects at highly prominent companies, including:
- Chief Operation Officer at Skeena Resources Limited (NYSE Listed), Eskay Creek Project
A key member of the Skeena Resources team as the company developed from explorer to becoming a leading tier-one developer, overseeing the flagship Eskay Creek project’s advancement towards production and increasing shareholder value by +300%. The Eskay Creek project has been estimated to have an after-tax net present value of $1.4 billion. - Senior Vice President at Eldorado Gold Corporation (NYSE Listed), $2B Global Project Portfolio
Oversaw the transition of the Lamaque Project from exploration into a successful operation in a record 18-months, with first year ramp up resulting in an increase in company value by approximately $300 million (an increase of over +50% at the time). The Lamaque mine continues to deliver significant value to the Eldorado gold portfolio. - General Manager of Expansion Projects at Iron Ore Company of Canada a subsidiary of the Rio Tinto Group (NYSE Listed), $2.5B Capital Expenditure
Managed a combined capital expenditure of $2.5 billion across a series of expansion projects and studies.26
When experienced management of this caliber is running the show, tremendous success is all but guaranteed to be around the corner.
It appears to only be a matter of time before Element79 Gold Corp. (CSE:ELEM) becomes the next major success story in mining history.
Early investors who are buying today could be the lucky few to reap life-changing returns because it’s not everyday you find a company at just the right time.
Early-Mover Investors Have The Potential To Reap The Largest Profits
You’d be hard pressed to find a better example that combines all of these powerful elements together. This is why we have announced Element79 Gold Corp. (CSE:ELEM) as our #1 pick moving into 2025.
And it’s not just us. Mining expert Mark Reichman issued a price target of $8.50 (split-adjusted) on the stock of Element79 Gold Corp. (CSE:ELEM)27, which represents a 4,900% increase over current prices.
If this price target is reached, investors who are buying today could see massive windfall returns.28
Element79 Gold Corp. (CSE:ELEM) shares are currently trading under a dollar per share.29 If production flows in the coming years as planned by the company, it’s a safe assumption that today’s prices will be history—and investors could be sitting on a pile of gold of their own.
Happy trading,
James ShawEmerging Markets
CSE: ELEM
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SOURCES
1. Insider Inc. and finanzen.net GmbH, Historical Prices for Gold and 11/11/22 Date (2023), https://markets.businessinsider.com/commodities/gold-price (last accessed December 26, 2023), (“Open: 2,053”)(“Close: 2,056”).[archived copy available at https://web.archive.org/web/20240204193038/https://markets.businessinsider.com/commodities/gold-price
2. EQUIFUND., Jake Hoffberg; Co-Founder & Publisher, Why are gold royalty companies merging right now? (September 23,2023), https://www.linkedin.com/pulse/why-gold-royalty-companies-merging-right-now-jake-hoffberg; last accessed January 1, 2023, (“Even more interesting, gold production is one of the most fragmented commodity producing industries and in the face of more than a decade of under-investment in exploration, many of the Majors are forced to grow through acquisitions of existing projects. This – in addition to the prospect of higher gold prices, and record high cash levels – is driving the current consolidation cycle in the broader gold mining industry.”) [archived copy available at https://web.archive.org/web/20240102045538/https://www.linkedin.com/pulse/why-gold-royalty-companies-merging-right-now-jake-hoffberg
3. Dotdash Meredith., Michael Bromberg, >Why Gold Matters: Everything You Need to Know(January 12,2023), https://www.investopedia.com/articles/economics/09/why-gold-matters.asp; last accessed January 1, 2023, (“As the price of gold goes up, miners’ higher profit margins can boost earnings exponentially. Suppose a mining company has a profit margin of $200 when the price of gold is $1,000. If the price rises 10%, to $1,100 an ounce, the operating margin of the gold miner goes up to $300—a 50% increase.”) [archived copy available at https://web.archive.org/web/20230504235641/https://www.investopedia.com/articles/economics/09/why-gold-matters.asp
4. InvestorPlace Media, LLC., Gold Price Predictions 2024: How Much Higher Will the Yellow Metal Go? (December 14, 2023), https://investorplace.com/2023/12/gold-price-predictions-2024-how-much-higher-will-the-yellow-metal-go/; last accessed Dec 26, 2023), https://investorplace.com/2023/12/gold-price-predictions-2024-how-much-higher-will-the-yellow-metal-go/,(“Anticipating declining yields, gold prices are predicted to rise further. FXEmpire suggests a potential major rally, projecting gold to reach $3,000 if it surpasses the psychological barrier of $2,100.”) [archived copy available at https://web.archive.org/web/20231216145857/https://investorplace.com/2023/12/gold-price-predictions-2024-how-much-higher-will-the-yellow-metal-go/].
5. The Arena Media Brands, LLC., Ivan Castano For CME Group, Why Central Banks are Buying and Selling Gold (August 2, 2023), https://www.thestreet.com/finance/why-central-banks-are-buying-and-selling-gold; last accessed December 26, 2023, (“Central bank accumulation and the potential for a global economic slowdown, on the back of the most aggressive rate-hike period ever, may set the stage for gold to move toward roughly $3,000 an ounce.”) [archived copy available at https://web.archive.org/web/20230805005329/https://www.thestreet.com/finance/why-central-banks-are-buying-and-selling-gold].
6. CNBC LLC., Jenni Reid, Goldman says ‘shine is returning’ for gold as investors ramp up bets on rate cuts (November 27, 2023), https://www.cnbc.com/2023/11/27/gold-at-six-month-high-as-dollar-declines-and-investors-eye-rate-cuts.html; last accessed December 27, 2023, (“Bank of America analysts, meanwhile, said in a Sunday note that the commodities team’s base case was for gold to appreciate from the second quarter of 2024 as “real rates are pushed lower by the Fed cutting.””) [archived copy available at https://web.archive.org/web/20231204061045/https://www.cnbc.com/2023/11/27/gold-at-six-month-high-as-dollar-declines-and-investors-eye-rate-cuts.html].
7. Empire Media Network LTD., AG Thorson, Gold Forecast – Bullish Price Chart Supports $3000 Target in 2024 (June 30, 2023), https://www.fxempire.com/forecasts/article/gold-forecast-bullish-price-chart-supports-3000-target-in-2024-1358319; last accessed December 27, 2023, (“Timing the exact bottom is irrelevant if gold reaches our $3000 target in 2024. Gold miners should benefit greatly; some could rally 200% or more.”) [archived copy available at https://web.archive.org/web/20240220134144/https://www.fxempire.com/forecasts/article/gold-forecast-bullish-price-chart-supports-3000-target-in-2024-1358319].
8. Yahoo! Finance, Newmont Corporation (NEM), (Jan 7, 2024), https://finance.yahoo.com/quote/NEM/history?period1=946684800&period2=976579200&interval=1d&filter=history&frequency=1d&includeAdjustedClose=true; last accessed January 7, 2024, The underlying math is done using the following Historical Quote value “Date: Oct. 25, 2000, Open: $12.75” from Yahoo!Finance (n 1) and value https://finance.yahoo.com/quote/NEM/history?period1=1136073600&period2=1165881600&interval=1d&filter=history&frequency=1d&includeAdjustedClose=true “Date: Jan. 31, 2006 Open: $62.71” from Big Charts from Marketwatch (n 2) and applying it to the following formula “Percent increase = [(new value – original value)/original value] × 100”, This yields an answer of [(12.75-62.71/12.75]x100 = 392% increase.
9. Element79 Gold, James C. Tworek, Chief Executive Officer, Citi Group’s Edward Morse predicts gold prices to soar to $2,400 per ounce (May 9, 2023), https://www.juniorminingnetwork.com/junior-miner-news/press-releases/3022-cse/elem/107227-element79-gold-begins-phase-1-exploration-program-on-the-dale-gold-property-in-the-abitibi-subprovince-ontario-canada.html; last accessed December 27, 2023, (“(“Element79 Gold”, the “Company”) is pleased to provide an update on its ongoing progress within the Abitibi Subprovince targeting bulk tonnage style gold mineralization at its Dale Gold Property in Ontario, Canada.”) [archived copy available at https://web.archive.org/web/20210924101411/https://www.juniorminingnetwork.com/junior-miner-news/press-releases/3022-cse/elem/107227-element79-gold-begins-phase-1-exploration-program-on-the-dale-gold-property-in-the-abitibi-subprovince-ontario-canada.html].
10. Element79 Gold, James C. Tworek, Chief Executive Officer, Element79 Gold Completes Acquisition of Nevada Gold Portfolio (December 23, 2021), https://www.juniorminingnetwork.com/junior-miner-news/press-releases/3022-cse/elem/113116-element79-gold-completes-acquisition-of-nevada-gold-portfolio.html; last accessed December 27, 2023, (“(“Element79 Gold”, the “Company”) is pleased to announce that it has fully closed on an asset purchase agreement (the “Asset Purchase Agreement”) acquiring the flagship Maverick Springs Project (“Maverick Springs”) and 15 additional Projects that comprise the Battle Mountain Portfolio (individually, each a “Project”, and collectively, the “Battle Mountain Portfolio”), located in the gold mining regions of northeastern Nevada.”) [archived copy available at https://web.archive.org/web/20211224004048/https://www.juniorminingnetwork.com/junior-miner-news/press-releases/3022-cse/elem/113116-element79-gold-completes-acquisition-of-nevada-gold-portfolio.html].
11. TheNewswire, Element 79 Gold, Element79 Gold Corp. Invitation to Investors: an Open AMA: Q&A Forum to share Plans for 2024 and Beyond (November 23, 2023), https://www.thenewswire.com/press-releases/1k3wFo2GY-element79-gold-corp-invitation-to-investors-an-open-ama-qa-forum-to-share-plans-for-2024-and-beyond.html; last accessed December 27, 2023, (“In 2023, ELEM transitioned from a project incubator to a production focus with sights set on bringing the high-grade, past-producing Lucero mine back into production in 2024.”); (“Lucero: $ELEM expanded the property in June 2023, received Exploration Permits in September 2023, and continued investment in mapping, channel sampling, and amassing data that will feed a drill program in 2024. Being that it’s in small-scale production today by the local artisanal miners, we have a production permit, its high-grade historical production, this is our flagship project.”) [archived copy available at https://web.archive.org/web/20231228054659/https://www.thenewswire.com/press-releases/1k3wFo2GY-element79-gold-corp-invitation-to-investors-an-open-ama-qa-forum-to-share-plans-for-2024-and-beyond.html].
12. TheNewswire, Element 79 Gold, Element79 Gold Corp. Provides 2023 Summary and Corporate Update with Focus on Bringing Lucero Towards Production in 2024 (November 2, 2023), https://www.thenewswire.com/press-releases/1LaPF5Dnm-element79-gold-corp-provides-2023-summary-and-corporate-update-with-focus-on-bringing-lucero-towards-production-in-2024.html; last accessed December 27, 2023, (“Element79 Gold Corp. acquired Lucero, formerly known as the Shila mine, on June 28, 2022. This is a major development for us, because Shila was last operational in 2005, producing over 40,000oz of gold equivalent (“AuEq”) every year at an impressive grade of 19.0g/t AuEq.”) [archived copy available at https://web.archive.org/web/20231228070309/https://www.thenewswire.com/press-releases/1LaPF5Dnm-element79-gold-corp-provides-2023-summary-and-corporate-update-with-focus-on-bringing-lucero-towards-production-in-2024.html].
13. TheNewswire, Element 79 Gold, Element79 Gold Corp. Provides 2023 Summary and Corporate Update with Focus on Bringing Lucero Towards Production in 2024 (November 2, 2023), https://www.thenewswire.com/press-releases/1LaPF5Dnm-element79-gold-corp-provides-2023-summary-and-corporate-update-with-focus-on-bringing-lucero-towards-production-in-2024.html; last accessed December 27, 2023, (“There’s a common saying in the mining world: “The best place to find a mine is where there used to be one”. This mine was owned and operated by Minas Buenaventura S.A. (NYSE:BVN) from 1989 to 2005 and historical data indicates the mine had impressive metrics with recoveries of 94.5 % and 85.5 % for gold and silver, respectively”) [archived copy available at https://web.archive.org/web/20231228070309/https://www.thenewswire.com/press-releases/1LaPF5Dnm-element79-gold-corp-provides-2023-summary-and-corporate-update-with-focus-on-bringing-lucero-towards-production-in-2024.html].
14. TheNewswire, Element 79 Gold, Element79 Gold Corp. Provides 2023 Summary and Corporate Update with Focus on Bringing Lucero Towards Production in 2024 (November 2, 2023), https://www.thenewswire.com/press-releases/1LaPF5Dnm-element79-gold-corp-provides-2023-summary-and-corporate-update-with-focus-on-bringing-lucero-towards-production-in-2024.html; last accessed December 27, 2023, (“We’re thrilled to share that our strategic roadmap for the coming year is robust and filled with promising opportunities. First on the agenda is an advanced drilling program at Lucero based on the data gathered in the 2023 program. Drilling will be set to commence after the rainy season, around March-April 2024. Our intent to drill out the existing veins goes beyond merely verifying a Resource: given that Lucero is a past-producing mine and the local artisanal miners are working there today, we are confident that economic resources can be outlined there are Resources present and available for extraction. As designed by VP Exploration Kim Kirkland, it is our intention that this drill program will also support a Preliminary Economic Assessment (PEA) enabling us to eventually move into Pre-Feasibility Studies (PFS). These are important, confidence-building steps in the trajectory towards sustainable production.”) [archived copy available at https://web.archive.org/web/20231228070309/https://www.thenewswire.com/press-releases/1LaPF5Dnm-element79-gold-corp-provides-2023-summary-and-corporate-update-with-focus-on-bringing-lucero-towards-production-in-2024.html].
15. Yahoo! Finance, Newmont Corporation (NEM), (Jan 7, 2024), https://finance.yahoo.com/quote/NEM/history?period1=946684800&period2=976579200&interval=1d&filter=history&frequency=1d&includeAdjustedClose=true; last accessed January 7, 2024, The underlying math is done using the following Historical Quote value “Date: Oct. 25, 2000, Open: $12.75” from Yahoo!Finance (n 1) and value https://finance.yahoo.com/quote/NEM/history?period1=1136073600&period2=1165881600&interval=1d&filter=history&frequency=1d&includeAdjustedClose=true “Date: Jan. 31, 2006 Open: $62.71” from Big Charts from Marketwatch (n 2) and applying it to the following formula “Percent increase = [(new value – original value)/original value] × 100”, This yields an answer of [(12.75-62.71/12.75]x100 = 392% increase.
16. Yahoo! Finance, Newmont Corporation (NEM), (Jan 7, 2024), https://finance.yahoo.com/quote/NEM/history?period1=946684800&period2=976579200&interval=1d&filter=history&frequency=1d&includeAdjustedClose=true; last accessed January 7, 2024, The underlying math is done using the following Historical Quote value “Date: Oct. 25, 2000, Open: $12.75” from Yahoo!Finance (n 1) and value https://finance.yahoo.com/quote/NEM/history?period1=1136073600&period2=1165881600&interval=1d&filter=history&frequency=1d&includeAdjustedClose=true “Date: Jan. 31, 2006 Open: $62.71” from Big Charts from Marketwatch (n 2) and applying it to the following formula “Percent increase = [(new value – original value)/original value] × 100”, This yields an answer of [(12.75-62.71/12.75]x100 = 392% increase.
17. TheNewswire, Element 79 Gold, Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement (May, 8, 2024), https://www.thenewswire.com/press-releases/1Be9FayNo-element79-gold-corp-successfully-closes-maverick-springs-option-agreement.html; last accessed August 31, 2024, (“Sale proceeds will generate a total of CAD $4,400,000 cash and 3,500,000 ordinary shares in Sun Silver priced at AUD$0.20 (fair market value AUD $700,000.) which are expected to be listed Australian Stock Exchange (“the ASX”) on or around May 15, 2024. ”) [archived copy available at https://web.archive.org/web/20231228054659/https://www.thenewswire.com/press-releases/1k3wFo2GY-element79-gold-corp-invitation-to-investors-an-open-ama-qa-forum-to-share-plans-for-2024-and-beyond.html].
18. TheNewswire, Element 79 Gold, Element79 Gold Corp. Invitation to Investors: an Open AMA: Q&A Forum to share Plans for 2024 and Beyond (November 23, 2023), https://www.thenewswire.com/press-releases/1k3wFo2GY-element79-gold-corp-invitation-to-investors-an-open-ama-qa-forum-to-share-plans-for-2024-and-beyond.html; last accessed December 27, 2023, (“Centra Sale: Two Nevada projects were sold to Centra for CAD 1,000,000 in stock in May 2023. Centra is completing its 43-101 on the Long Peak property and commencing final filings for its own IPO. Once Element79 receives these shares and they trade freely, the Company will manage its holdings strategically for corporate growth and investment into operational budgets.”) [archived copy available at https://web.archive.org/web/20231228054659/https://www.thenewswire.com/press-releases/1k3wFo2GY-element79-gold-corp-invitation-to-investors-an-open-ama-qa-forum-to-share-plans-for-2024-and-beyond.html].
20. TheNewswire, Element 79 Gold, Element79 Gold Corp. Invitation to Investors: an Open AMA: Q&A Forum to share Plans for 2024 and Beyond (November 23, 2023), https://www.thenewswire.com/press-releases/1k3wFo2GY-element79-gold-corp-invitation-to-investors-an-open-ama-qa-forum-to-share-plans-for-2024-and-beyond.html; last accessed December 27, 2023, (“Dale Spinout: In July 2023, we transferred the Dale Property to Synergy Metals Corp. Synergy has sourced a CAD $200,000 loan to complete Plan of Arrangement “spin-out” process”) [archived copy available at https://web.archive.org/web/20231228054659/https://www.thenewswire.com/press-releases/1k3wFo2GY-element79-gold-corp-invitation-to-investors-an-open-ama-qa-forum-to-share-plans-for-2024-and-beyond.html].
21. TheNewswire, Element 79 Gold, Element79 Gold Corp. Invitation to Investors: an Open AMA: Q&A Forum to share Plans for 2024 and Beyond (November 23, 2023), https://www.thenewswire.com/press-releases/1k3wFo2GY-element79-gold-corp-invitation-to-investors-an-open-ama-qa-forum-to-share-plans-for-2024-and-beyond.html; last accessed December 27, 2023, (“Snowbird Project: Currently under negotiations with Plutus for future project advancements.”) [archived copy available at https://web.archive.org/web/20231228054659/https://www.thenewswire.com/press-releases/1k3wFo2GY-element79-gold-corp-invitation-to-investors-an-open-ama-qa-forum-to-share-plans-for-2024-and-beyond.html].
22. TheNewswire, Element 79 Gold, Element 79 Gold Announces Proposed Share Consolidation (November 2, 2023), https://www.juniorminingnetwork.com/junior-miner-news/press-releases/3022-cse/elem/150643-element-79-gold-corp-announces-proposed-share-consolidation.html; last accessed December 27, 2023, (“As a result of the Consolidation, each 10 Existing Shares outstanding will automatically combine into one Consolidated Share without any action on the part of the holders, and the number of outstanding Common Shares will be reduced from approximately 131,394,391 Common Shares to approximately 13,139,439 Common Shares.”) [archived copy available at https://web.archive.org/web/20231228072442/https://www.juniorminingnetwork.com/junior-miner-news/press-releases/3022-cse/elem/150643-element-79-gold-corp-announces-proposed-share-consolidation.html].
23. Yahoo! Finance, Newmont Corporation (NEM), (Jan 7, 2024), https://finance.yahoo.com/quote/NEM/history?period1=946684800&period2=976579200&interval=1d&filter=history&frequency=1d&includeAdjustedClose=true; last accessed January 7, 2024, The underlying math is done using the following Historical Quote value “Date: Oct. 25, 2000, Open: $12.75” from Yahoo!Finance (n 1) and value https://finance.yahoo.com/quote/NEM/history?period1=1136073600&period2=1165881600&interval=1d&filter=history&frequency=1d&includeAdjustedClose=true “Date: Jan. 31, 2006 Open: $62.71” from Big Charts from Marketwatch (n 2) and applying it to the following formula “Percent increase = [(new value – original value)/original value] × 100”, This yields an answer of [(12.75-62.71/12.75]x100 = 392% increase.
24. PMET FEB 1, 2021 TO JUNE 1, 2023 FEB 1, 2021– LOW: 0.28 JUNE 1, 2023 – HIGH: 16.05
25. ACCESSWIRE, Element79 Gold Corp., Element79 Gold Welcomes Another Barrick Gold Alumnus, Ex-Goldstrike General Manager as Advisor to the Board (Nov. 08, 2021), https://www.accesswire.com/671595/Element79-Gold-Welcomes-Another-Barrick-Gold-Alumnus-Ex-Goldstrike-General-Manager-as-Advisor-to-the-Board; last accessed January 7, 2024, (Entire Press Release Used) [archived copy available at https://web.archive.org/web/20211108123605/https://www.accesswire.com/671595/Element79-Gold-Welcomes-Another-Barrick-Gold-Alumnus-Ex-Goldstrike-General-Manager-as-Advisor-to-the-Board].
26. ACCESSWIRE, Element79 Gold Corp., Element79 Gold Appoints Shane Williams to Board of Directors (July 07, 2022), https://www.accesswire.com/707806/Element79-Gold-Appoints-Shane-Williams-to-Board-of-Directors; last accessed January 7, 2024, (Entire Press Release Used) [archived copy available at https://web.archive.org/web/20230204210129/https://www.accesswire.com/707806/Element79-Gold-Appoints-Shane-Williams-to-Board-of-Directors].
27. TheNewswire, Element 79 Gold, Element79 Gold Corp. Announces Key Leadership Transition: COO Antonios Maragakis to Remain as Director, Kim Kirkland Appointed as New COO(November 15, 2023), https://noblelinx.com/x/research/temp/ELMGF_20230125_25558.pdf; last accessed January 7,2024, (“We are grateful to Antonios for his outstanding leadership as COO, and we are pleased that he will remain on our board. We fully support his decision to prioritize his professional commitments while continuing to contribute to the Element79 strategic vision,” said James C. Tworek, CEO and Director of Element79 Gold Corp.”) [archived copy available at “https://web.archive.org/web/20240114015729/https://noblelinx.com/x/research/temp/ELMGF_20230125_25558.pdf”].
28. The underlying math is done using the following $5,000 (n 1) and value 4,900% (n 2) and applying it to the following formula “Value = [(new value – original value)/original value] × 100”, This yields an answer of 5000 × (1 + 4900%) = 5000 × (1 + 49) = 250000.
29. Yahoo! Finance, Historical Prices for ELEM.CN and 11/11/22 Date (2023), https://finance.yahoo.com/quote/ELEM.CN/history?p=ELEM.CN (last accessed Jan 05, 2024), (“Open: $0.1750”)(“Close: $0.1700”).[archived copy available at “https://web.archive.org/web/20240117165855/https://finance.yahoo.com/quote/ELEM.CN/history?p=ELEM.CN”].
30. TheNewswire, Element 79 Gold, Element79 Gold Corp. Element79 Gold Provides Update on Nevada Portfolio (August 22, 2024), https://www.juniorminingnetwork.com/junior-miner-news/press-releases/3022-cse/elem/166037-element79-gold-corp-provides-update-on-nevada-portfolio.html; last accessed August 30, 2024, (“The Company is in discussions with two parties regarding these same projects with the intent to close the sale of them within 2024. Element79 Gold Corp. remains committed to the successful completion of the divestiture of these projects and believes that it will come to commercially beneficial terms for their sale in the near term.”) [archived copy available at “https://web.archive.org/web/20240831054911/https://www.juniorminingnetwork.com/junior-miner-news/press-releases/3022-cse/elem/166037-element79-gold-corp-provides-update-on-nevada-portfolio.html”].
31. TheNewswire, Element 79 Gold, Element 79 Gold Welcomes George Tumur to its Board of Directors (September 7, 2023), https://www.thenewswire.com/press-releases/1Be9FJ48d-element-79-gold-welcomes-george-tumur-to-its-board-of-directors.html; last accessed August 30, 2024, (“Mr. Williams for his valuable contributions and unwavering commitment during his tenure as a Director, and appreciates that he will continue to provide guidance through his advisory position as it navigates through both its current and future opportunities.”) [archived copy available at “https://web.archive.org/web/20240831060445/https://www.juniorminingnetwork.com/junior-miner-news/press-releases/3022-cse/elem/151256-element79-gold-corp-announces-key-leadership-transition-coo-antonios-maragakis-to-remain-as-director-kim-kirkland-appointed-as-new-coo.html”].
32. TheNewswire, Element 79 Gold, Element79 Gold Announces Key Leadership Transition: COO Antonios Maragakis to Remain as Director, Kim Kirkland Appointed as New COO (November 15, 2023), https://www.juniorminingnetwork.com/junior-miner-news/press-releases/3022-cse/elem/151256-element79-gold-corp-announces-key-leadership-transition-coo-antonios-maragakis-to-remain-as-director-kim-kirkland-appointed-as-new-coo.html; last accessed August 30, 2024, (“Mr. Maragakis will remain on the company’s board of directors, continuing to contribute to the strategic vision.”) [archived copy available at “https://web.archive.org/web/20240831055127/https://www.thenewswire.com/press-releases/1Be9FJ48d-element-79-gold-welcomes-george-tumur-to-its-board-of-directors.html”].