Osisko Metals: Reshaping the Copper Landscape in Quebec and Beyond
Investing in Copper Stocks
In a world facing a looming copper production deficit, Osisko Metals is emerging as a key player in the mining industry. The company aims to revive the Gaspé Copper Project in Quebec, a mining-friendly province. With the demand for copper projected to double by 2050, copper's significance in decarbonization cannot be overstated.
The Gaspé Copper Project, the last undeveloped copper resource in eastern Canada and eastern North America, has the potential to thrive, especially as copper prices soar. Infrastructure, including road access, rail, and a deep-water port, is already in place, making the project economically feasible.
Osisko Metals has a preliminary inferred resource estimate of 455 million tonnes, with a significant copper content. They plan to explore high-grade copper zones underground in 2024. The company is committed to defining the resource, with a feasibility study expected in Q2 next year.
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