The Conversation (0)
Piche Resources Poised to Supply North American, Western European Utilities, Exec Says
May. 23, 2024 12:55PM PST
Resource Investing News “Being a company that has critical metals and energy in locations like Australia and Argentina, if we can supply the quantities, the volume within the sort of first quartile of costs, we will be a very attractive supplier to North American and Western European utilities,” Piche Resources Executive Chairman John Simpson said.
Speaking to the Investing News Network, Piche Resources (ASX:PR2) Executive Chairman John Simpson stressed the need for diversity of supply from much more friendly jurisdictions to ensure security. Citing the company’s promising assets in Australia and Argentina, he said Piche will play an important role in the critical metals supply chain.
“We saw both China and Russia politicise or militarise their commodities … I think that's created an enormous awareness (for) the need for diversity of supply from much more friendly jurisdictions (and) ensuring security (of supply),” he said.
“Being a company that has critical metals and energy in locations like Australia and Argentina, if we can supply the quantities, the volume within the first quartile of costs, we will be a very attractive supplier to North American and Western European utilities.”
Piche recently undertook an initial public offering and, according to Simpson, secured 90 percent of the funding needed to drive its prospective uranium and gold projects to the development path.
Watch the full interview with Piche Resources Executive Chairman John Simpson above.
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