Base Metals

In the news release, Libero Invites Shareholders to Join a Virtual Investor Update, issued 26-May-2021 by Libero Copper & Gold Corporation. over CNW, we are advised by the company that the virtual investor update will be held from 8:00 to 9:00 am Pacific Time rathern than Eastern Time, as originally issued inadvertently. The link to the virtual investor update has also been updated. The complete, corrected release follows:

Libero Invites Shareholders to Join a Virtual Investor Update

Libero Copper & Gold Corporation (TSXV: LBC) (OTCQB: LBCMF) (DE: 29H) is pleased to invite stakeholders, investors, analysts, and any other interested parties to join Libero's President & CEO, Ian Harris for a virtual investor update on Tuesday, June 1 from 8:00 to 9:00 am Pacific Time . Ian Harris will discuss the company's strategic growth as well as provide an update on recent advances at the Big Bulk, Big Red, Esperanza, and Mocoa porphyry copper projects. The update will be followed by a Q&A session.

Libero Copper new logo (CNW Group/Libero Copper & Gold Corporation.)

Investor Call Details

  • What: Libero's Virtual Investor Update .
  • When: 8:00 – 9:00 am Pacific Time on Tuesday , June 1, 2021.
  • Where: click here to register.
  • How: Listen live online – the archived webcast will be available at the same location shortly after the conclusion of the live event.

About Libero Copper & Gold

Libero is unlocking the value of a collection of porphyry copper deposits throughout the Americas in prolific and stable jurisdictions. The portfolio includes Big Red (a new grassroots discovery) and Big Bulk in the Golden Triangle, Canada ; Esperanza in San Juan, Argentina ; and Mocoa in Putumayo, Colombia . These assets are being advanced by a highly disciplined and seasoned professional team with successful track records of discovery, resource development, and permitting in the Americas.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.  This news release includes forward-looking statements that are subject to risks and uncertainties.  All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions and regulatory and administrative approvals, processes and filing requirements. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties.  We do not assume any obligation to update any forward-looking statements.

SOURCE Libero Copper & Gold Corporation.

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VIDEO — Byron King: Copper Supply Can't Meet Future Demand, Here's How to Position

Byron King: Copper Supply Can't Meet Future Demand, Here's How to Positionyoutu.be

Copper is down from its all-time high earlier this year, but its long-term outlook remains strong.

Speaking to the Investing News Network at the Rule Symposium, Byron King said investors who follow the copper market know that the red metal's supply/demand outlook creates a positive picture.

"If you follow the fundamentals of copper you know that if you forecast it out … there's not enough copper," he said, noting that many large mines focused on the base metal are in "terminal decline," with not nearly enough new discoveries and development projects in the pipeline.

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Ambler Metals, Trilogy Metals' JV Company, Hosts Site Visit for Doyon Region Tribal Chiefs and NANA Region Tribal Presidents

Trilogy Metals Inc. (TSX: TMQ) (NYSE American: TMQ) ("Trilogy", "Trilogy Metals" or "the Company") announces that on August 12, 2022 Ambler Metals LLC ("Ambler Metals"), the joint venture operating company equally owned by Trilogy and South32 Limited (ASX: S32) (LSE: S32) (JSE: S32) (ADR: SOUHY) ("South32"), hosted a site visit for Chiefs from the Doyon region and NANA region tribal leadership.

Ambler Metals' full news release is below.

News Provided by Canada Newswire via QuoteMedia

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SailingStone Applauds Turquoise Hill Response to Rio Tinto's Offer

Second Open Letter to TRQ Independent Directors Focuses on Unjust Business Dealings by Rio Tinto and Long-Time Concerns of Minority Owners

SailingStone Capital logo

SailingStone Capital Partners, a long-time owner of Turquoise Hill Resources Ltd. (TSX: TRQ) (NYSE: TRQ), has delivered the attached letter to the Turquoise Hill Independent Directors:

Dear Independent Directors of Turquoise Hill Resources Ltd.,

SailingStone Capital Partners applauds the decision of the Turquoise Hill Resources Special Committee to reject Rio Tinto's opportunistic offer to acquire the minorities' stake in TRQ for C$34 /share.

As one of the largest, lowest cost, and longest duration copper/gold assets ever discovered, Oyu Tolgoi is a crown jewel. The proposed acquisition price is nowhere near the intrinsic value of Oyu Tolgoi, as it values the Company at less than 35% of capital invested to date and represents a 60% discount to Rio Tinto's own cost basis in TRQ, a position that Rio acquired over a decade ago when the net present value was far lower and the risks far greater than today. In the next few months, the underground mine will achieve sustainable first production, unlocking billions of dollars in annual free cash flow for decades into the future even before the impact of potential expansions. Tier 1 copper assets with brownfield growth options are increasingly rare and therefore increasingly valuable, particularly given how critical copper is in the race to decarbonize and expand the world's energy systems. Rio Tinto's opportunistic bid did not compensate TRQ minority shareholders adequately for any of these realities.

In addition, we appreciate that "Rio Tinto welcomes the continued investment by Turquoise Hill minority shareholders and their pro rata sharing of future risks and funding obligations." Unfortunately, most of the risks and funding obligations "shared" over the last several years have come as the result of Rio's incompetence, including the incremental equity raise which now must be addressed. However, we welcome Rio's continued participation as mine developer and operator and trust that they have addressed their internal shortcomings so that all Oyu Tolgoi stakeholders can benefit from the mine's incredible employment, business development, and free cash flow potential.

Lastly, we note the following from Rio Tinto's press release.
As previously disclosed, Rio Tinto is not interested in pursuing any alternative transaction, including any such transaction which would result in the sale of Rio Tinto's interest in Turquoise Hill or the acquisition by a third party of Turquoise Hill or Oyu Tolgoi in partnership with or independent of Rio Tinto.

Apparently, Rio Tinto isn't interested in selling their stake in TRQ, even at a price which it claims represents "compelling value" for the seller. More importantly, this statement clearly is intended to preempt any price discovery process which might allow minority owners to be fairly compensated for their 49.2% stake in the Company. While we appreciate that Rio Tinto has certain rights, it cannot and should not preclude potentially interested parties from approaching Turquoise Hill, nor can it preclude the independent directors from considering a combination or transaction from any party which might crystalize the true value of Oyu Tolgoi. In other words, if Rio wants complete control, they can acquire it for a price. The Special Committee has determined that price is meaningfully higher than C$34 /share, and we agree with that conclusion.

Best regards,

SailingStone Capital Partners LLC

ABOUT SAILINGSTONE CAPITAL PARTNERS LLC

SailingStone Capital Partners , a division of Pickering Energy Partners, provides investment solutions in the global natural resource space with a specific focus on the industrial businesses, commodities and infrastructure assets which will enable the energy transition. SailingStone manages concentrated, long-only equity portfolios for institutional investors.

For media inquiries:

Petree Partners LLC
Jennifer Petree / Tina Tallant
713.269.3776

For investor inquiries:

SailingStone
MacKenzie Davis
ir@sailingstonecapital.com

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/sailingstone-applauds-turquoise-hill-response-to-rio-tintos-offer-301606287.html

SOURCE SailingStone Capital Partners

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Top 3 Copper Stocks on the TSX in 2022

Click here to read the previous best TSX copper stocks article.

After a strong 2021, copper has seen even greater success in 2022, reaching an all-time high of US$10,910 per metric ton on March 4. However, prices have fallen in Q3, dropping to US$8,085 as of August 11.

This decline began in Q2, and experts have weighed in on what happened and where copper will go from here. In the short term, some market watchers believe prices will fall further, but long-term factors look positive.

“Any sign that inflation is coming down quickly would potentially be a bullish trigger for copper and financial markets more generally,” Dan Smith of Commodity Markets Analytics said. “Russia remains a key swing factor, of course, and this is likely to remain a significant headwind for copper.”

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Western Copper and Gold Corporation

Western Copper and Gold Corporation

Western Copper & Gold Corp is a Canada-based exploration-stage company. It is engaged in the acquisition, exploration, and future development of resource properties. The company is developing the Casino project into Canada's premier copper-gold mine. It holds significant gold, copper reserves in its Casino project located in the Yukon, Canada.

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