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Eloro Resources Ltd (3)
Symbol ELO
Shares Issued 118,542,607
Close 2026-09-17 C$ 1.79
Market Cap C$ 212,191,267
Recent Sedar+ Documents

Eloro Resources to create Hong Kong subsidiary

2026-09-17 17:23 ET - News Release

Mr. Thomas Larsen reports

ELORO RESOURCES LTD. TO ESTABLISH HONG KONG SUBSIDIARY TO EXPAND ASIAN INVESTOR RELATIONS AND STRATEGIC ADVISORY PLATFORM

Eloro Resources Ltd. is proceeding with the establishment of a wholly owned subsidiary in Hong Kong. The new subsidiary, Eloro Resources (Asia) Ltd., will serve as Eloro's regional platform to support its project development, concentrate sales and marketing, investor relations, corporate advisory, and capital markets engagement across the Asia-Pacific market. The initiative is intended to strengthen the company's relationships with institutional investors, family offices, private-wealth investors, concentrate processors and strategic partners, and other stakeholders with an interest in precious and critical minerals.

"Establishing a presence in Hong Kong represents an important step in expanding Eloro's engagement with the Asian investment community," said Tom Larsen, chairman and chief executive officer of Eloro Resources. "Hong Kong provides access to international capital, experienced resources-sector investors, and a growing network of family offices and strategic partners. Our Hong Kong subsidiary will enable us to communicate more directly and effectively with these stakeholders as we advance our Iska Iska silver-polymetallic project."

The subsidiary will support in-person investor meetings, road shows, market intelligence, media engagement and continuing communications with prospective investors throughout the region. It will also assist Eloro in evaluating strategic opportunities and other business development initiatives aligned with the company's mineral assets and growth strategy. "Asia is an increasingly important market for precious and critical minerals investment," added Mr. Larsen. "A local platform will enhance our ability to build long-term relationships and communicate Eloro's investment proposition with greater consistency and responsiveness."

The Hong Kong subsidiary will be overseen by Jean-Sebastien Jacquetin, Eloro's newly appointed managing director, Asia-Pacific, and managing partner of Cavendish Investment Capital. Initial activities will focus on investor outreach and market intelligence in co-ordination with the company's existing IR (investor relations) and corporate teams. The subsidiary will also lead, and ultimately assume responsibility for, Eloro's concentrate marketing and trading strategy, with an emphasis on the Asia-Pacific region.

Cavendish brings established family office relationships in the region, supporting Eloro's access to private capital and potential industry partners.

Eloro continues to advance its Iska Iska silver-polymetallic project while maintaining a disciplined approach to capital allocation and stakeholder engagement.

About Eloro Resources Ltd.

Eloro is an exploration and mine development company with a portfolio of precious and base metal properties in Bolivia, Peru and Quebec. Eloro, through its Bolivian subsidiary, Minera Tupiza SRL, has a 99-per-cent joint venture interest and a 100-per-cent economic participation interest in the highly prospective Iska Iska property, which can be classified as a polymetallic epithermal-porphyry complex, a significant mineral deposit type in the Potosi department, in southern Bolivia. A National Instrument 43-101 technical report on Iska Iska, which was completed by Micon International Ltd., is available on Eloro's website and under its filings on SEDAR+. Iska Iska is a road-accessible, royalty-free property. Eloro also owns an 82-per-cent interest in the La Victoria gold/silver project, located in the North-Central mineral belt of Peru, approximately 50 kilometres south of the Lagunas Norte gold mine and the La Arena gold mine.

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