Recorded on February 18 2026
TSX-V ECU. OTCQB EMTRF. BVL ECU.
Steve Yang sits down with Element 29 Resources President and CEO Richard Osmond to break down the company’s Tier 1 scale ambition at its Elida Cu-Mo-Ag project in Peru and what it takes to earn a rerating in the copper space. Richard lays out the concrete resource growth target and why reaching that threshold changes the conversation around mine life, throughput, and development optionality. They dig into what the drill program is actually trying to prove, how infrastructure and logistics shape capital intensity, and why Peru remains central to Element 29’s strategy. The conversation also gets specific on valuation, how the market prices pounds in the ground versus copper price, and what the company believes it must deliver to close that gap. If you want a practical framework for judging copper exploration stories by scale, execution, and catalysts, this episode is built for that. #Millettian
Key topics
What Element 29 is and how the Peru project portfolio fits together
Elida project scale, resource growth strategy, and drill program intent
What a half billion tonne target implies for potential mine life and throughput
Infrastructure advantages and how they impact development thinking
Peru as a mining jurisdiction and what matters on the ground
Valuation per pound in the ground versus copper price and what can change sentiment
Share structure, shareholder base, and how management thinks about building value
Company links
Website https://www.e29copper.com/
Stock information https://www.e29copper.com/investors/stock-information/
X https://twitter.com/CopperE29
LinkedIn https://www.linkedin.com/company/element-29-resources-inc
Host Steve Yang Natural Resource Stocks
Website https://www.NaturalResourceStocks.net
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X https://x.com/TheSteveYang
X https://x.com/SteveYangStocks
LinkedIn https://www.linkedin.com/in/thesteveyang/
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Chapters
00:00 Hook Elida scale and valuation
01:21 Intro and tickers
02:18 What Element 29 does and project focus
03:04 Elida resource snapshot and expansion setup
04:48 Why scale matters and what the target unlocks
05:38 Infrastructure and development context
06:50 Peru mining environment and operating realities
08:13 District scale potential and exploration angle
10:16 Valuation framework and copper price context
12:02 Drill costs, capital planning, and dilution discipline
12:43 Share structure and shareholder base
13:39 Richard’s background and the team advantage
15:41 How Element 29 thinks about opportunity and execution
18:17 Peru team, relationships, and working approach
19:47 How to follow the company and events
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