today's news announcing partnership opportunitytoday's news
https://stockhouse.com/news/press-releases/2021/10/26/essex-outlines-large-copper-molydenum-target-at-mt-turner-commences-jv-spinout is fantastic!
Essex is delivering on their strategic goals as a company.
With a market cap of under $5m CDN, about $1.7m in the bank and no debt there is a ton of upside here and very little, if any, downside.
Here are some of the hilites of today's PR:
· The Company has entered discussions with an Australian group which has expressed an interest in an option to earn in and acquire the Mt Turner property as the cornerstone project in a critical minerals exploration listing on the Australian Stock Exchange.
· The option and earn-in joint venture would fund a significant staged exploration program on the Mt Turner copper-molybdenum target.
Essex Minerals President and CEO Paul Loudon: said: “Demand for both copper and molybdenum is forecast to increase by up to 300% by 2040 according to the International Energy Agency’s report on Critical Minerals in the Clean Energy Transition.
“With such a strong demand outlook, we are very pleased that our initial exploration has demonstrated the potential for the discovery of a large copper-molybdenum (with silver and gold) deposit at Mt Turner.
“Having incubated the project with initial exploration expenditure, Essex is now looking to leverage its position in the project by joint venturing the next round of exploration expenditure then spinning out the property into a new critical minerals listing.
“This project incubation then spinout, particularly where we can retain a royalty and a right to provide stream or project finance, is fundamental to the Company’s business growth model.”