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Hercules Metals Corp V.BIG

Alternate Symbol(s):  BADEF

Hercules Metals Corp., formerly Hercules Silver Corp., is a Canada-based exploration company. The Company is focused on developing Idaho's newest copper and silver district. The 100% owned Hercules Project, located northwest of Cambridge, hosts the recently discovered Leviathan porphyry copper system. The Hercules Property represents 8,850 acres consisting of one patented lode claim, 416 unpatented lode claims and approximately 1,165 acres of mineral rights owned in fee. The Company also holds the right to conduct exploration, drilling, road building, mining and milling activities on 1,770 acres of surface within the Hercules Property. The Hercules Property is located on the northwestern shoulder of Cuddy Mountain, 200 kilometers (km) northwest of Boise, Idaho. It also has a diversified metal portfolio, including the newly discovered porphyry copper target at the Hercules Project in Idaho.


TSXV:BIG - Post by User

Post by Varaderoon May 27, 2024 8:20pm
155 Views
Post# 36059592

Good read

Good read

A normal Honda Accord needs about 40 pounds of copper. The same battery electric Accord needs 200 pounds. Onshore wind turbines require about 10 tons of copper, and offshore approx. 20 tons. The world will need to mine 115% more copper than has been mined in all human history just to meet “business as usual.” This would meet our current copper needs and support the developing world without considering the green energy transition. Six new large mines need to come online every year by 2050 to meet global copper demand, but the problem is it takes about 20 years between discovering a new copper mineral deposit and getting a permit to build a mine. None of this takes into consideration the upgrades to the electrical infrastructure needed to "electrify: the world by 2050. In short electrifying the world by 2050 is a politicians pipe dream that will never happen.

 

Source: https://ief.org/focus/ief-reports/copper-mining-and-vehicle-electrification/copper-mining-and-vehicle-electrification-report-download


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