12:24:56 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



E79 Resources Corp
Symbol ESNR
Shares Issued 64,558,755
Close 2023-07-11 C$ 0.075
Market Cap C$ 4,841,907
Recent Sedar Documents

E79 CEO talks cash position, green metal projects

2023-07-11 14:35 ET - Shareholders Letter

Mr. Patrick Donnelly reports

E79 RESOURCES CEO ADDRESS TO SHAREHOLDERS

E79 Resources Corp. has shared a letter to shareholders from E79 president and chief executive officer Patrick Donnelly.

Dear shareholders, friends and stakeholders,

I would like to provide you with an update on our company, our strategy and the news we anticipate sharing in the future.

While we continue to see significant value in our Australian assets, which have produced some very compelling gold mineralization intersections, we have been evaluating a wide range of additional opportunities in various jurisdictions to expand our mineral property portfolio.

We have also been looking at various commodities, including green metals such as copper, nickel, cobalt and lithium. I have personally investigated some of these projects first-hand, and I am confident that we will soon be able to announce some exciting and compelling new transactions. Additionally, we have been focusing our search in jurisdictions that are mining friendly, have good infrastructure, are cost competitive and have a progressive permitting system in place. Most importantly, we have been examining projects that have exceptional mineral potential and are drill ready or close to being drill ready.

Currently, we are considering three to four intriguing opportunities, and we expect to provide an update on the status of these projects within the next few weeks.

The company maintains a strong cash position of $4.5-million, which will enable us to pursue accretive transactions on green metal projects. We are also seeking partners to help us advance our Australian gold assets, and we will work diligently to find the appropriate partner.

I am very excited about our company's future and the direction we are taking. Please keep an eye on us as we will soon be announcing news regarding our new assets.

Please do not hesitate to contact me at any time.

Sincerely,

Patrick Donnelly

President and chief executive officer of E79 Resources

About E79 Resources Corp.

E79 Resources is dedicated to discovering Fosterville-type mineralization at its Beaufort and Myrtleford properties in the Victorian goldfields in Australia. The Myrtleford property signifies the unification of an entire historical gold camp, with over 70 previously producing artisanal gold mines on the property. Most historic mining ceased at the water table. In Beaufort, there is an opportunity to explore for a hard-rock source of a significant alluvial goldfield along a structure known for hosting gold in the region.

We seek Safe Harbor.

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