The incoming commodities supercycle & Interra Copper The juxtaposition of the depletion of global supplies and forecasted growth in demand for a range of commodities is a notable indicator that we're headed to a commodities supercycle. This is expected to create a significant market opportunity for new streams of supply to enter the market for a range of commodities, especially those used in green energy.
One compelling and early stage investment opportunity in the copper space is Interra Copper (IMCX.c IMIMF), having recently commenced drill and crew mobilization at its Tres Marias Copper Project in Chile.
The electrification of the world economy is going to demand more and more materials, making copper as an essential metal due to it being a critical component in electric vehicles, renewable energy systems, and advanced electronics.
Located in the Chilean Copper Belt, IMCX's Tres Marias is in close proximity to several of the worlds largest mines including the largest copper mining company & largest mining company in the world BHP Billiton (BHP BHP.ax), Antofagasta Minerals (ANTO), Glencore (GLEN), and the second largest mining company in the world Freeport-McMoRan (FCX).
Consisting of 10,500m of drilling across three target areas in 16,000ha of contiguous concessions, IMCX's upcoming drill program will focus on the Eastern target area where historical exploration results outline anomalies indicative of copper porphyry system containing Zn-Ag-Pb-Cu polymetallic mineralization.
Tres Marias is one of three projects IMCX acquired from Freeport-McMoRan (FCX, $58B market cap), a unique arrangement as FCX rarely partners with junior exploration companies, demonstrating a significant level of confidence in IMCX and its stacked management team.
For more information on the upcoming exploration program, check out the latest news release : https://interracopper.com/news-releases/interra-copper-announces-mobilization-for-its-upcoming-drilling-program-at-the-tres-marias-copper-project-in-chile/
Posted on behalf of Interra Copper Corp