Positioned to Benefit from the Copper Boom With EVs going mainstream and hundreds of billions of dollars being poured into green energy infrastructure, copper is the foundational element that is enabling this all to happen. There’s no doubt that copper demand will see an elevated level of growth over the next decade due to the green energy transition. Additionally, with US rate hikes starting to slow, copper prices have begun to rise alongside investment in the industry as Glencore’s $23B bid for Teck was rejected on the notes that the future of the industry is expected to become a lot more valuable.
https://www.barchart.com/story/news/15702565/is-a-copper-rally-on-the-horizon
As the market continues to develop, we’re going to need new mines to come online, so it’s all about picking the right project at the right time here. $IMCX.V is an early-stage exploration company ready to take advantage of the growing industry. And with the recent closing of the business combination with Alto Verde Copper, the portfolio of projects in Chile and BC is looking very promising.
- Located on the Chilean Copper Belt, they own 3 projects covering nearly 20,000 hectares.
- The flagship being the Tres Marias project (acquired from Freeport McMoRan), already has multiple copper targets from a recently completed geophysics program for the upcoming drilling.
- Their Canadian projects, Thane and Chuck Creek, are early-stage, highly prospective projects that are surrounded by other companies’ projects that have made significant copper discoveries which could be reflected in $IMCX.V’s project once they start to explore further.
And most importantly, $IMCX.V has a strong management team. With a proven track record and years of experience bringing mines to operation and adding value to projects. The most important thing that a mining company needs besides good projects is solid management, and $IMCX.V has both. With the current valuation being just $7M, there’s a lot of potential here as they begin to explore here.
Quick podcast on the future plans for the company, worth a listen: https://twitter.com/CopperInterra/status/1643997419963596802?s=20
Posted on behalf of Interra Copper Corp.