Bullboard - Stock Discussion Forum Abitibi Metals Corp C.AMQ

Alternate Symbol(s): AMQFF

Metals & Mining Industrial Metals & Minerals

Abitibi Metals Corp. is a Canada-based mineral acquisition and exploration company. The Company is focused on the development of base and precious metal properties that are drill-ready with high-upside and expansion potential. Its portfolio of properties includes the B26 Polymetallic Copper Deposit and the Beschefer Gold Project. B26 Deposit is a high-grade copper, zinc, gold, and silver-rich... see more

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Abitibi Metals Corp > Current Copper Projections to Meet 80% of Demand by 2030

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Post by MarketMakerss on Aug 22, 2024 2:53pm

Current Copper Projections to Meet 80% of Demand by 2030

According to the International Energy Agency, existing mines and projects currently under construction are projected to meet only 80% of the global copper demand by 2030. (Source: https://x.com/abitibimetals/status/1826623890291847398?s=46)

Located in Quebec's Abitibi Greenstone Belt, Abitibi Metals (AMQ.c AMQFF) B26 Polymetallic Copper Deposit boasts a historical resource estimate of 7.0 million tonnes at 2.94% Cu Eq (Indicated) and 4.4 million tonnes at 2.97% Cu Eq (Inferred)

Having begin its phase 2 exploration program encompassing 16,500-meters, AMQ is aiming to significantly expand the historic resource, particularly by testing the underexplored western portion of the deposit with a 1,250-meter drill hole.

For more information, refer to this deep dive on the news: https://www.reddit.com/r/RichTogether/comments/1ex8an0/abitibi_metals_kicks_off_phase_2_drilling_at_b26/

Posted on Behalf of Abitibi Metals Corp.