As we transition to green energy and a cleaner economy, copper will continue to gain momentum as a key metal supporting this shift.
As a result, there is a lot of pressure on the metal to perform as the current of modern-day innovation. Increasing amounts of copper are needed for the production of computers, electric vehicles, charging infrastructure, wind turbines, and many other progressive materials use cases. Yet, with this growing demand, we see a shortfall in production due to a decline in mine grades and a lack of new discoveries.
We view our assets as an opportunity to meet demand within the current copper cycle. Both properties are located in mining-friendly jurisdictions, which allows for a clear pathway to permitting and production. The Copper Creek project in Arizona is one of the largest undeveloped copper deposits in North America and has more than 200,000 meters of historical drilling data available to optimize existing exploration programs. The Contact Copper project is a near-surface, potential heap leach copper oxide deposit with expected near-term and low-cost copper production opportunities.
For more information on the application of and demand for copper, visit the following resources: