Selected for the Colombian IFC Source2Equal Program One of the most important things to have as a mining company is support from the local government and population, as they also hold the keys to whether a company is able to receive permits and move along with development. $LBC.V is one of those companies that has continued to develop extremely strong relationships with both locals and the government in Colombia. More recently, they were selected as one of twelve companies for the International Finance Corporation’s Source2Equal program which aims to promote gender equality in supply and production chains by supporting the growth of women-led businesses and increasing their access to markets.
https://ca.finance.yahoo.com/news/libero-copper-selected-ifc-source2equal-110000779.html
Beyond this, $LBC.V has a number of projects in Canada, Argentina, and Colombia. I’ll focus on their Colombian project as it’s the main focus of the recent news release. Mocoa is a project focused on copper and molybdenum with a few interesting things to keep an eye on.
- Inferred resource of 636M at 0.45% CuEq (0.33% Cu and 0.038% Mo) containing 2.1 Mt Cu and 232 kt Mo.
- One of the top 10 drill holes by metal factor in the past 12 months was drilled at the project, making this an extremely high-grade project.
- Already partnered with the Colombian government for the "Green Route" to establish a copper supply chain that is sustainable, secure, and traceable, with the primary objective is maximizing content in Mocoa and regionally in Putumayo, with intermediate and end-use products for sustainable energy and electric vehicles in Colombia.
Looking at the market cap of just $14.6M there’s a lot of upside considering the growth in the use of copper. Definitely worth keeping an eye out for continued developments with the company here as they explore the projects.