InvestorsHub Logo
Followers 2
Posts 1514
Boards Moderated 4
Alias Born 08/22/2023

Re: None

Tuesday, 07/09/2024 5:03:27 PM

Tuesday, July 09, 2024 5:03:27 PM

Post# of 195
Essential for electrification, decarbonization and general industry, there is currently a 'mad scramble' for copper as the current supply is insufficient to meet its exponentially growing demand. The industry has been shaken up in response, with major mining companies acquiring other majors to increase their reserves without expanding global supply (BHP, Newport, Glencore) as well as acquiring junior miners with potential for future mines (Freeport): https://www.mining.com/the-mad-scramble-for-copper/

One $36M mcap copper junior, however, is strongly positioned to make a name for itself amid advancing the B26 High-Grade Polymetallic Copper Project.

Boasting an indicated resource of 6.9MT @ 2.94% Cu Eq and an inferred resource of 4.41MT @ 2.97% CuEq, B26 holds significant potential with several high-priority drill targets identified outside of the main deposit, including a targeted trend of ~6.7km west of the footprint which will be investigated: https://www.reddit.com/r/Wealthsimple_Penny/comments/1dynzqu/abitibi_metals_amqc_advancing_exploration_with/