As the world focuses on electrification and hitting net-zero emissions by 2050, we are on track for a massive deficit between supply and demand for a range of metals but most especially for copper.
The need for new sources of copper supply is significant, as the demand for copper is going to hit levels that "humanity has never produced before" and Interra Copper (IMCX.c IMIMF) has significant potential going forward.
IMCX's Thane Property in Canada's Quesnel Terrane has 6 areas of significant copper mineralization alongside areas of high-grade silver and gold mineralization and is located in a relatively unexplored portion of the northern Terrane which is host to 50 billion lbs of copper & 28 million oz of gold as well as 16 producing & developing projects
IMCX has additionally signed definitive business combination agreement with Alto Verde Copper to acquire all issues and outstanding shares.
This is an important transaction as Alto Verde has a significant land package totaling 16,250 hectares with 3 highly prospective exploration assets on the Chilean copper belt, with the Tres Marias as its flagship.
Notably, the properties are in close proximity to several of the world's largest mines, including Antofagasta Minerals (ANTO), the largest copper mining company & largest mining company in the world BHP Billiton (BHP BHP.ax), Glencore (GLEN), and the second largest mining company in the world Freeport-McMoRan (FCX)
Thread on the copper set up: https://twitter.com/marketplunger1/status/1640738793278808064
Posted on behalf of Interra Copper Corp