ELMGF - Element79 Gold Corp. (ELMGF) - Contemplating Upcoming Catalysts

Near-term catalysts. Upcoming catalysts include: 1) completion of a previously announced private placement to fund work programs through the balance of 2022, 2) potential monetization of properties within the Battle Mountain portfolio, and 3) commencement of work programs in Nevada and Peru. Additionally, we think the company could close on its planned acquisition of the Snowbird High-Grade Gold Project as early as September. Recall the project consists of 2,276 hectares across ten mineral claims in Central British Columbia and can be drilled year-round.Financing. We expect proceeds of up to C$2 million from a private placement announced previously to help fund exploration through the balance of 2022. We have modeled a larger C$5 million equity financing during the quarter ending in November to accelerate progress into 2023. Partial or full monetization of properties within the Battle Mountain portfolio could allow investors to better value the remaining portfolio in addition to providing a source of funding. Read More >>