A New Copper Supercycle is Emerging Built on several rising geopolitical and market trends contributing to a strong bullish outlook for prices, a new super cycle is emerging in the copper market (Source:
https://sprott.com/insights/sprott-energy-transition-materials-monthly-a-new-copper-supercycle-is-emerging/)
With the global push to clean energy coinciding with protectionist moves by countries looking to secure vital materials, an unprecedented surge in copper demand is occurring. However, supply is significantly constrained due to years of underdevelopment, expanding protectionist policy measures and a continued preference among copper producers to grow by M&A rather than greenfield development.
Potential for a New Very Large Copper System in Arizona's World Famous Copper Belt Located amid this dynamic market, Prismo Metals (PRIZ.c PMOMF) has emerged as an up and coming copper producer "looking for copper elephants in Arizona" at its Hot Breccia Project, as highlighted by Critical Investor:
https://criticalinvestor.eu/prismo-metals-looking-for-copper-elephants-in-arizona/ "Guided by geological experts like the famous Peter Megaw PhD as Technical Advisor", PRIZ's Hot Breccia Project "could host a very large copper system, potentially akin even to the nearby, monstrous Resolution deposit, which is owned by a Rio Tinto/BHP JV".
With "enough data and information to support a geological concept that could lead to such a discovery", Hot Breccia could represent the same geological concept as the nearby colossal Resolution deposit, at depth. Combined with evidence pointing towards mineralization directly on the other side of an intrusion, PRIZ is likely on the precipice of a substantial discovery.
Located in the world famous Arizona copper belt, near the historic Christmas Mine, Hot Breccia is an underexplored 1,420ha greenfield project with known historic intercepts including 26m @ 0.54%Cu, 20m @ 1.4%Cu, 8m @ 1.73% Cu plus 5m @ 1.4% Cu.
Boasts the same geology as the Christmas Mine, PRIZ will be using Christmas as a model for mineralization as geological data implies copper mineralization underneath a 400m thick volcanic layer.
As drill permits for Hot Breccia are about to be issued, PRIZ is preparing for a busy summer with a range of catalysts expected including the closing of the first C$1.1M private placement, the raising of $3M and the start of 5 months and 5,000m of drilling at Hot Breccia.
Posted on Behalf of Prismo Metals Inc.