Interra Copper Corp C.IMCX

Global copper market entering extremely large deficits

[MarketMakerss]

"The global copper market is entering an age of extremely large deficits" and as the road to reaching net zero begins and ends with copper, this is a deficit we need to alleviate. - https://www.mining.com/the-global-copper-market-is-entering-an-age-of-extremely-large-deficits/

Global electrification is expected to increase annual copper demand to 36.6 million tonnes by 2031, resulting in a gap of approximately 6.5M tonnes. This problem is further exacerbated by major copper miners including BHP and Antofagasta experiencing production output slumps and cutting copper output forecasts compounding the industry with dwindling productivity

Amid this critical juncture, however, Interra Copper (IMCX.c IMIMF) is fast-tracking to production having completed Phase 1 drilling at its Tres Marias Copper Project.

Located on the Chilean Copper Belt which accounts for 28% of the world's copper production per year, IMCX's Tres Marias Project spans an expansive 16,000 hectares and is in close proximity to several of the worlds largest mines including BHP Billiton (BHP), Antofagasta Minerals (ANTO), Glencore (GLEN) and Freeport-McMoRan (FCX).

Phase 1 drilling encompassed six RC holes totalling 1,896m and samples have been expedited to ALS Global for analysis with findings expected in early August to provide insight into the extent of the resource.

As copper plays an indispensable role in global decarbonization efforts, it's necessary for new sources to come online and to diversify copper supply, thus IMCX presents a remarkable opportunity to capitalize on the industry

For more information on the drill program, refer to IMCX's latest news release: https://www.newsfilecorp.com/release/173054

Posted on behalf of Interra Copper Corp