- World Copper is an exploration and project development company focused on developing key assets in Chile and Arizona into major copper producing mines.
- The company is led by a strong management team of accomplished professionals with decades of experience in business finance, mine design and operations in Chile, the US and Canada.
- The company’s year in review announcement showcased the continued growth of the company, including acquiring a new asset in Arizona and redesigning its Chilean flagship project as an oxide copper mine.
- The company’s properties are located in mining-friendly jurisdictions and have access to the necessary infrastructure required for future operations.
- World Copper’s Escalones project has tremendous potential to become Chile’s largest new copper oxide project in development.
Solar and wind energy is expected to power half of the globe by 2050, but whether raw material supply for this purpose can keep up with this increasing demand is a serious concern. A copper boom is already in motion and could last for decades since decarbonization is expected to drive consumption of energy transition metals (such as lithium, copper, cobalt, nickel and many others). Goldman Sachs even famously declared “copper is the new oil,” not only because of its importance in renewable energy but also because it believes the entire metal mining sector is unprepared to meet the needs of this future demand.
Nick Snowdon, a commodities strategist with Goldman Sachs Research took it a step further when he said “the copper market is sleepwalking into a really sizable supply crunch akin to what we saw in the oil market back in the 2000s.”
And in many ways, he is right. The discovery rate of copper deposits is considered “dismal” with only one major deposit having been discovered since 2015 and 15 in the previous decade. It is clear we need more copper discoveries to make the transition to producers if we want to keep up with potential increases in demand. Copper producers will need to double the amount of global production just to keep up with a 30 percent penetration rate of EVs alone, and in the next two decades the world must produce more copper than was ever produced in entire human history . Where is this future copper production coming from remains unknown.World Copper (TSXV:WCU,OTCQX:WCUFF) has managed to secure the largest copper oxide asset, currently in exploration and development, in Chile through its Escalones project. Early estimates reveal that it could become a major copper producer using heap leaching to produce copper in cathodes, at very competitive costs when compared to other similar copper deposits found throughout Chile and Latin America.