Incoming 2025 Copper Boom Copper has emerged as a high-potential opportunity for investors wanting to capitalize on the shift away from fossil fuels and into renewable energy. Citigroup specifically claims the 2008 oil boom will look like child's play compared to the incoming 2025 copper boom. (Source: https://www.barrons.com/articles/copper-prices-ev-wind-solar-demand-3dcb7414)
Ensuring the availability and stable supply of copper is vital to the global transition to greener energy, however, major copper mines have reduced their output as of late, including Codelco, the world's largest copper producer, leaving a significant opening in the market
Interra Copper (IMCX.c IMIMF) is one company that has emerged as a strong early-stage contender in the copper market with the potential to take advantage of this opportunity.
Located within the prolific Chilean Copper Belt, responsible for 28% of the world's annual copper production, IMCX's extensive Tres Marias Copper Project is a mid-stage exploration project spanning over 16,000 hectares. Attesting to its potential, Tres Marias is strategically positioned in close proximity to major mining players such as BHP Billiton (BHP), Antofagasta Minerals (ANTO), Glencore (GLEN), and Freeport-McMoRan (FCX).
IMCX recently hit a significant milestone with the completion of Phase 1 drilling at Tres Marias. Phase 1 drilling efforts encompassed the completion of six Reverse Circulation holes, totalling 1,896 meters, the samples of which have been expedited to ALS Global for analysis with eagerly awaited results expected this month.
Additionally, IMCX has four other early-stage exploration projects, two of which are also located in close proximity to world-class Chilean Mines, as well as two located in Canada's Quesnel Terrane, a prolific porphyry belt with Cu, Ag, Mo, Zn and Pb mineralization.
For further details on IMCX's potential, check out this short interview with the CEO: https://youtu.be/inlUh7Jbeu8
Posted on behalf of Interra Copper Corp.