The U.S. Department of Energy is allocating $2.2 billion in grants to enhance the country's power grid upgrades to increase resilience against extreme weather and support renewable energy integration: https://oilprice.com/Latest-Energy-News/World-News/US-Administration-to-Allocate-22-Billion-for-Power-Grid-Upgrades.amp.html
Decades of underinvestment have created a pressing need for substantial spending to improve grid reliability and expand infrastructure to incorporate more solar and wind energy, both of which, alongside power grid upgrades, highly demand copper.
Colombia's Copper Contribution
Currently Colombia is poised to become a key player in meeting future energy demands, especially with Libero Copper's (LBC.v LBCMF) Mocoa Copper-Molybdenum Deposit on track to get the country there, boasting an inferred resource of 4.6 billion pounds of copper and 511 million pounds of molybdenum.
With the approval of LBC's Territorial Development Plan, the Mocoa Copper-Molybdenum Deposit reflects strategic importance for LBC and Colombia alike as it reflects a broader strategy, supported by strong partnerships, substantial resources, and a vision for significant shareholder value.
For more information, refer to LBC's presentation at RedCloud's Pre-PDAC 2024:
https://www.youtube.com/watch?v=lmt_yEOLVGk
Posted on Behalf of Libero Copper and Gold Corp.