NetworkNewsBreaks – Josemaria Resources Inc. (TS
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Posted On: 12/30/2020 3:14:17 PM
NetworkNewsBreaks – Josemaria Resources Inc. (TSX: JOSE) (OTC: JOSMF) Looks to Meet Rising Copper Demand of a ‘Rapidly Electrifying Global Economy’
Josemaria Resources (TSX: JOSE) (OTC: JOSMF), a natural resources company based in Vancouver, British Columbia, is focused on the development of its wholly owned Josemaria copper-gold mining project. The company is positioning to meet growing demand for copper, with the metal’s looming deficit expected to worsen in the coming years according to an S&P Global Market Intelligence report (https://nnw.fm/ADKEV). “A deficit in the copper market is set to deepen over the next several years as supply of the widely used metal struggles to keep up with strong demand from the power and construction sectors, compounded by the proliferation of electric vehicles,” reported the S&P article. Highly attuned to market demands, Josemaria Resources is working to develop its flagship property in the San Juan Province of Argentina, a well-known hub supporting a wide variety of mining and service companies. A recent article discusses positive results of a feasibility study completed for the project. “This study has materially de-risked the project and forecasts an attractive economic outcome, which is comparable with other large-scale copper/gold projects already being developed or in production today,” said Josemaria Resources president and CEO Adam Lundin. “We believe that Josemaria is perfectly positioned to commence production by mid-decade, meeting rising copper demand from a rapidly electrifying global economy. I believe the study results will allow us to unlock various financing opportunities as we move toward construction.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Josemaria Resources (TSX: JOSE) (OTC: JOSMF), a natural resources company based in Vancouver, British Columbia, is focused on the development of its wholly owned Josemaria copper-gold mining project. The company is positioning to meet growing demand for copper, with the metal’s looming deficit expected to worsen in the coming years according to an S&P Global Market Intelligence report (https://nnw.fm/ADKEV). “A deficit in the copper market is set to deepen over the next several years as supply of the widely used metal struggles to keep up with strong demand from the power and construction sectors, compounded by the proliferation of electric vehicles,” reported the S&P article. Highly attuned to market demands, Josemaria Resources is working to develop its flagship property in the San Juan Province of Argentina, a well-known hub supporting a wide variety of mining and service companies. A recent article discusses positive results of a feasibility study completed for the project. “This study has materially de-risked the project and forecasts an attractive economic outcome, which is comparable with other large-scale copper/gold projects already being developed or in production today,” said Josemaria Resources president and CEO Adam Lundin. “We believe that Josemaria is perfectly positioned to commence production by mid-decade, meeting rising copper demand from a rapidly electrifying global economy. I believe the study results will allow us to unlock various financing opportunities as we move toward construction.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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