As explained in the Wall Street Journal article below, challenges in opening new copper mines are expected to leave production lagging behind rising demand, thus threatening the green transition. For those looking to potentially capitalize on this expected supply gap, consider African Energy Metals (Tickers: CUCO.v or NDENF for US investors).
https://www.wsj.com/articles/copper-shortage-threatens-green-transition-620df1e5
CUCO controls the King Luba Projects in the Democratic Republic of Congo (DRC). These projects consist of five concessions, four of which are highly prospective for copper.
Notably, CUCO's King Luba PR 13724 concession is located only 45km from the Tenke Copper Cobalt mine and its King Luba PR 13727 is only 40 km from the Tenke Mine.
Another King Luba concession controlled by CUCO, PR13723, has high potential for other battery metals such as lithium, tin, tantalum, tungsten and cobalt, as well as gold.
CUCO also controls other battery metal concessions in Democratic Republic of Congo (DRC) the Manono region of the DRC. These concessions are highly prospective for lithium, tin, tantalum, and rare earth elements and are near mining operations controlled by AVZ Minerals, Tantalex and other large mining companies.
Further diversifying its portfolio, CUCO is set to acquire the Falea Project in Mali, West Africa. This project has a substantial deposit of uranium along with significant resources of copper and silver. The Indicated Mineral Resource Estimate for this project stands at 6.88 million tonnes with grades of 0.115% Uranium (U3O8), 0.161% Copper, and 72.8 g/t Silver.
CUCO grants shareholders exposure to all of these diverse projects while having a sub $3M market cap.
For more information on CUCO and its battery metal properties, check out the company's investor deck here: https://africanenergymetals.com/wp-content/uploads/2022/07/African-Energy-Metals-Corporate-Presentation_2022_July.pdf Posted on behalf of African Energy Metals Inc.