ASARCO’s Post

The copper industry is about to get a new leader.

TNR Gold Corp. (TSX-V:TNR, OTC:TRRXF) Executive Chairman Kirill Klip speaks to Thomas Warner from Proactive London after giant carmaker Stellantis announced its second investment in McEwen Copper, the developer of the Los Azules Project. Klip explains that Stellantis has invested 42 billion Argentinian pesos, approximately $120 million USD, following a previous investment of 30 billion pesos. He believes the investment reaffirms the confidence in McEwen Copper's potential, valuing the company at around $800 million. TNR holds a 0.4% net smelter returns royalty (“NSR Royalty”) (of which 0.04% of the 0.4% NSR Royalty is held on behalf of a shareholder) on the Los Azules Copper Project. Watch at #Proactive #ProactiveInvestors #TSXV #OTC #TNR #TRRXF #TNRGoldCorp https://lnkd.in/enqWcvB2

The copper industry is about to get a new leader.

The copper industry is about to get a new leader.

The copper industry is about to get a new leader.

The copper industry is about to get a new leader.

IGO has today released its operating and financial results for the March 2024 Quarter. This quarter saw: • Steady quarter on quarter safety performance, as the health and safety of our people continues to be a high priority • An overall strong cash position of $276M and no debt • Sale of additional 200,000t of spodumene concentrate to Tianqi Lithium Corporation in addition to nominations agreed post Quarter end • Nova and Forrestania generating positive free cash flow during this period of lower nickel prices • $83M in dividends paid to shareholders To view the quarterly report, click here: https://lnkd.in/gjk9K3ar To view the presentation, click here: https://lnkd.in/gTqAxynh To listen to a replay of the webcast, click here: https://lnkd.in/gzNASvn8 #makingadifference #latestresults

"This (São Miguel Paulista) is the only Class One nickel refinery in Brazil, in Latin America. And for context, the United States also doesn't have a Class One nickel refinery. The only class one nickel refinery is in the Americas or in Canada. So, this is an important strategic asset,” stated Bryce Crocker during the recent investor presentation at Diggers & Dealers earlier this month. For more insights, you can view the latest investor presentation here: https://lnkd.in/eNCtD3an #JRV #Jervois #cobalt #nickel  

This The Wall Street Journal article discusses the heightened global competition for #copper resources, driven by its crucial role in technologies essential for the #greenenergy transition, such as #electricvehicles and #renewable energy systems. Amidst rising demand and strategic geopolitical interests, various countries and major corporations are aggressively pursuing copper assets. This has led to strategic acquisitions, such as BHP's attempted takeover of Anglo American, which focuses on securing valuable copper resources. https://lnkd.in/dnwNpjd3

A central premise “Demand Better”, the second of three pieces on strategies for industrial decarbonization, is that if we don't invest now in decarbonizing hard-to-abate sectors, like mining, we will end up locking in decades of high-carbon production capacity that, ironically, we need to decarbonize the rest of the economy through electrification. That's a "bump in the rug" problem with planetary implications! As my colleagues Adriaan Davidse and Andy Reynolds have taught me, the current mining paradigm is built as much around the economics of diesel trucks as anything else. Reinvent mining around low carbon production processes, and exploiting smaller, higher-grade ore bodies with much lower overall environmental (not just carbon) footprints becomes not just possible but financially more attractive than existing carbon-intensive methods. It'll take some doing, but there is a way to invest in the new supply we need even as we dramatically reduce--in absolute terms--the negative externalities. https://lnkd.in/g2DDYQzX