Interra Copper Corp C.IMCX

"Is Copper the New Oil?"

[MarketMakerss]

Is copper the new oil? Hitting a target of net-zero global emissions requires moving from fossil fuels to renewable energy, which in turn will require a greater demand for copper due to its use in a range of green energy. (Source: https://www.thenews.com.pk/print/1101839-is-copper-the-new-oil)

Ensuring the availability and stable supply of copper is vital to this transition, however, major copper mines have reduced their output as of late and Codelco, the world's largest copper producer, is currently at risk of insolvency due to rising costs and a growing debt pile stemming from the projects that missed output targets.

Codelco's production last year amounted to 28% of Chile's total output of 5.33M tons, meaning their insolvency would result in a significant opening in the market for new sources to arise.

Positioned with the potential to take advantage of this opportunity, Interra Copper (IMCX.c IMIMF) has emerged as a strong early-stage contender in the copper market.

IMCX's Tres Marias Copper Project spans 16,000 hectares within the prolific Chilean Copper Belt, responsible for 28% of the world's annual copper production.

Tres Marias is an extensive project strategically positioned in close proximity to major mining players such as BHP Billiton (BHP), Antofagasta Minerals (ANTO), Glencore (GLEN), and Freeport-McMoRan (FCX).

Recently, IMCX 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.

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