"Mining exec: Look to copper in the future" "Mining exec: Look to copper in the future" -Gaining attention from due to expected deficit in the coming years, copper has significant upside potential, as highlighted by two American Pacific Mining (USGD.c USGDF) executives:
https://www.jpost.com/business-and-innovation/precious-metals/article-825045 Co-founder Eric Saderholm noted that, unlike metals like zinc, copper faces a “critical pinch point” in the next 10 to 15 years due to limited reserves and slow permitting processes, which need to be streamlined for new mines to come online.
Similarly, CEO Warwick Smith emphasized that green energy goals, particularly by 2050, will drive unprecedented demand for copper, potentially exceeding all copper production over the past 3,000 years. Both executives are optimistic about copper’s future due to its essential role in the global energy transition.
Focused on exploration at its past-producing Madison Copper-Gold Project, USGD has a range of key milestones and news flow ahead of its phase 2 drill program having recently released impressive results, highlighting the high mineralization potential of its Project with underground sampling yielded grades of up to 45.50% copper and 2.17 g/t gold, along with 31.00% copper and 8.40 g/t gold.
Posted on Behalf of American Pacific Mining Corp.