In the recent video, "Why is a billionaire the largest shareholder in this $17M copper mining stock?", Ian Harris, the CEO of Libero Copper & Gold Corporation (Ticker: LBC.v or LBCMF for US investors), delves into the company's strategic direction and the reasons behind the involvement of prominent investors in the company.
The video provides an in-depth discussion on why Libero Copper has attracted significant attention. The company is focused on advancing copper projects in the Americas, particularly the Mocoa copper-molybdenum porphyry deposit in Colombia.
A pit-constrained inferred resource at Mocoa, as detailed in the November 2021 Technical Report, contains 636 million tonnes of 0.45% copper equivalent (0.33% Cu and 0.036% Mo) containing 4.6 billion pounds of copper and 511 million pounds of molybdenum. The Mocoa deposit remains open both along strike and at depth.
As the video highlights, Frank Giustra, a well-known billionaire and founder of several successful mining companies, has recently become the largest shareholder of Libero Copper.
This significant investment, alongside the company's integration into the Fiore Group, underscores the growing confidence in LBC's potential.
Giustra's involvement, particularly in a copper-focused venture, signals a broader recognition of copper's vital role in the global energy transition and technological advancements.
CEO Harris, who brings over 25 years of mining experience to the company, highlights his background in leading major projects, such as the Mirador project in Ecuador, which sold for $690 million and went on to become the first industrial scale mine in the history of Ecuador.
This extensive experience is a cornerstone of LBC's strategy to transition from exploration to potential production.
Harris also emphasizes that LBC is positioned to capitalize on the increasing demand for copper, driven by electrification and the global push for decarbonization.
Full interview here:
Posted on behalf of Libero Copper & Gold Corp.