'The Mad Scramble for Copper''The Mad Scramble for Copper':
https://www.mining.com/the-mad-scramble-for-copper/ Essential for electrification, decarbonization and general industry, copper is facing a significant deficit as the current supply is insufficient to meet rising demand due to growing demand in electric vehicles, renewable energy systems and artificial intelligence.
Exacerbated by government's ambitious emission reduction targets, anywhere from 35 to almost 200 new copper mines will be needed to be built over 23 years.
The industry has been shaken up in response, with major mining companies acquiring other majors to increase their reserves without expanding global supply (BHP, Newport, Glencore) as well as acquiring junior miners with potential for future mines (Freeport)
A High-Grade Polymetallic Copper Project in Quebec's Abitibi Greenstone Belt Strongly positioned to make a name for itself in this dynamic market, Abitibi Metals (AMQ.c AMQFF) is a well funded, $36M mcap copper junior advancing the B26 High-Grade Polymetallic Copper Project.
With ~$17M in cash, AMQ is funded to complete the remaining 16,500m planned for its 2024 work program at B26, as well as an additional 20,000m in 2025, to be incorporated into a PEA to complete the B26 option.
Boasting an indicated resource of 6.9MT @ 2.94% Cu Eq and an inferred resource of 4.41MT @ 2.97% CuEq, B26 holds significant potential with several high-priority drill targets identified outside of the main deposit, including a targeted trend of ~6.7km west of the footprint which will be investigated.
Amid this new copper super cycle, AMQ is on track for a catalyst filled summer as it aims to build a resource that is saleable to a major, with a target size of 20 to 30 million tonnes.
Latest News Release:
https://finance.yahoo.com/news/mabel-ventures-completes-2024-drill-123000832.html For more information, check out the latest CEO interview from the KE Report detailing the latest drill results from the B26 Deposit and extensive exploration program:
https://www.kereport.com/2024/06/03/abitibi-metals-recent-drill-results-from-b26-deposit-intersects-high-grade-copper/ Posted on Behalf of Abitibi Metals Corp.