CommodityCoverage
2 months ago
The global shift to clean energy is driving increased demand for copper, which is essential for applications like electric vehicles, renewable energy, and AI data centers due to its high electrical conductivity. As a result, demand is projected to outpace supply by 1.7% by 2035, with copper prices reaching record highs. Reflecting this trend, copper-related indexes like the S&P GSCI Copper and Bloomberg Copper Subindex have seen gains of over 10% this year. (Source: https://etfdb.com/gold-silver-investing-channel/demand-reinvigorates-abandoned-copper-mines/)
Strongly positioned amid this opportunity with a high-grade historical resource, including an Indicated 7.0 million tonnes at 2.94% Copper Equivalent and an Inferred 4.4 million tonnes at 2.97% Copper Equivalent, Abitibi Metals (AMQ.c AMQFF) is currently focused on comple4ting its 16,500m Phase II drill program at its high-grade B26 Polymetallic Deposit located in Quebec's Greenstone Belt: https://www.reddit.com/r/smallstreetbets/comments/1gkkuk1/abitibi_metals_corp_amqc_amqff_provides_update_on/
CommodityCoverage
2 months ago
The delay in Chile’s mining permit reforms poses a “serious” challenge for the mining industry, according to Freeport-McMoRan's top executive in Chile. As the world’s leading copper producerr, Chile faces regulatory obstacles that hinder project development, a situation President Gabriel Boric’s government aims to address through reforms to streamline permits and modify environmental assessments, however, this has been stalled with initial expectations to pass the reforms by year’s end will not be met. (Source: https://www.miningweekly.com/article/delay-in-chile-mining-permits-a-serious-problem-says-local-head-of-freeport-2024-11-06)
Contrastingly, Abitibi Metals (AMQ.c AMQFF) is a strongly positoned copper junior in Quebec's Greenstone Belt amid a 16,500m Phase II drill program at its high-grade B26 Polymetallic Deposit. Having completed 10 holes across 8,086m, the program aims to expand resource zones at three key targets: the Open Pit, Mid-Level, and Western Plunge: https://www.reddit.com/r/smallstreetbets/comments/1gkkuk1/abitibi_metals_corp_amqc_amqff_provides_update_on/
CommodityCoverage
3 months ago
As BHP expects copper demand to grow by one million metric tons a year until 2035, the need for new sources of supply is clear and, with the introduction of a second drill rig to its Phase II drill program at its high-grade B26 Polymetallic Deposit in Quebec, Abitibi Metals (AMQ.c AMQFF) stands as a major contender in this industry: https://x.com/StckMasterFlash/status/1841182031645929526
Aims to complete 16,500m of drilling by the end of 2024, the goal is to define a 30-50 million tonne resource at the deposit which already a resource of 400 million pounds of copper and 286,000 ounces of gold.
CommodityCoverage
3 months ago
According to BHP, copper demand is set to grow significantly due to the global energy transition and the rise of AI-powered data centers. The copper market, currently in short supply due to production challenges, is forecasted to remain in deficit with prices reaching $11,500/tonne by 2032. Scrap copper will play an increasing role, but primary mine supply remains critical to meet long-term demand with significant investment in mining is needed to sustain future supply. (Source: https://www.thehindubusinessline.com/markets/commodities/energy-transition-data-centres-to-drive-solid-copper-demand-growth/article68678488.ece)
With significant potential for resource expansion past its already substantial resource of 400 million pounds of copper, Abitibi Metals (AMQ.c AMQFF) is one junior strongly positioned for growth (or an acquisition) in developing one of Quebec's most promising mineral assets, the B26 Deposit. As detailed during the 2024 Beaver Creek Precious Metals Conference, AMQ has completed 13,500 meters of drilling thus far in 2024 and is fully funded to complete the remaining 16,500 meters: https://x.com/StckMasterFlash/status/1836530154580930611
CommodityCoverage
3 months ago
Signaling a growing interest by larger companies in early-stage exploration projects, BHP and Lundin Mining's acquisition of Filo Mining serves as validation for the sector and is likely to attract more investor interest and boosting market confidence in the junior sector as a whole, leading to more investment and potential buyouts of promising junior miners with valuable deposits, particularly in commodities which are critical for the energy transition. (Source: https://x.com/minenergybiz/status/1838201970814824873)
Boasting a resource of 400 million pounds of copper and 286,000 ounces of gold with significant potential for expansion, Abitibi Metals (AMQ.c AMQFF) is one junior strongly positioned for growth (or an acquisition) in developing one of Quebec's most promising mineral assets, the B26 Deposit. As detailed during the 2024 Beaver Creek Precious Metals Conference, AMQ has completed 13,500 meters of drilling thus far in 2024 and is fully funded to complete the remaining 16,500 meters: https://x.com/StckMasterFlash/status/1836530154580930611
CommodityCoverage
3 months ago
Highlighting the growing global demand for copper, BHP, the world's largest miner, predicts that artificial intelligence (AI) and data centers could boost copper demand by 3.4 million tonnes annually by 2050. Data centers, though currently less than 1% of copper demand, are expected to account for 6-7% by mid-century. BHP forecasts global copper demand to rise 72% to 52.5 million tonnes by 2050, spurred by the electrification trend. Global copper shortages are exacerbated by slow mine development, with inventories hitting record lows. (Source: https://www.mining.com/bhp-warns-ai-boom-would-worsen-copper-shortage/)
Boasting a resource of 400 million pounds of copper and 286,000 ounces of gold with significant potential for expansion, Abitibi Metals (AMQ.c AMQFF) is developing one of Quebec's most promising mineral assets, the B26 Deposit. As detailed during the 2024 Beaver Creek Precious Metals Conference, AMQ has completed 13,500 meters of drilling thus far in 2024 and is fully funded to complete the remaining 16,500 meters: https://x.com/StckMasterFlash/status/1836530154580930611
CommodityCoverage
3 months ago
Amid exploring one of Quebec's most promising mineral assets, Abitibi Metals (AMQ.c AMQFF) CEO, Jon Deluce, presented at the 2024 Beaver Creek Precious Metals Conference, detailing the company's latest exploration successes, upcoming milestones, and the strategic growth of the B26 Polymetallic Deposit:
Containing 400 million pounds of copper and 286,000 ounces of gold with significant potential for expansion, AMQ completed 13,500 meters of drilling thus far in 2024 at B26 and is fully funded to complete the remaining 16,500 meters
CommodityCoverage
3 months ago
BHP has warned that the growth of artificial intelligence (AI) will intensify a global copper shortage, essential for the clean energy transition. AI and data centers, which currently account for less than 1% of copper demand, are expected to rise to 6-7% by 2050, potentially adding 3.4 million tonnes of demand annually. Overall, BHP predicts global copper demand will increase 72% by 2050, driven by industries like electric vehicles and solar farms. (Source: https://www.ft.com/content/da407b47-4133-470a-9574-508cee43e107)
Focused on the high-grade B26 copper-gold deposit in Quebec, Abitibi Metals (AMQ.c AMQFF) is poised for significant growth amid developing one of Quebec's most promising mineral discoveries which boasts 400 million pounds of copper and 286,000 ounces of gold with significant potential for expansion as it targets 16,500 meters of drilling by the end of this year: https://www.reddit.com/r/RichTogether/comments/1clx0ew/abitibi_metals_amq_recent_activitiy_insights/
CommodityCoverage
3 months ago
Focused on developing the high-grade B26 copper-gold deposit in Quebec, Abitibi Metals (AMQ.c AMQFF) presented at the 2024 Beaver Creek Precious Metals Summit Conference this week, detailing the key highlights and future plans for one of Quebec's most promising mineral discoveries: https://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2024/09/12/abitibi-metals-corp/play/stream/38916
Containing 400 million pounds of copper and 286,000 ounces of gold with significant potential for expansion, AMQ completed 13,500 meters of drilling thus far in 2024 at B26 and is fully funded to complete the remaining 16,500 meters. Looking ahead, Abitibi plans to conduct a 20,000-meter drill program and update its mineral resource estimate by 2025.
CommodityCoverage
3 months ago
Although copper prices have cooled off after reaching record highs in May, the metal’s long-term outlook remains robust due to increasing demand from electric vehicles, AI, and power infrastructure, all expected to significantly boost copper consumption. However, supply constraints present a challenge, as the lengthy process of bringing new mines online highlights the critical need for expanded mining capacity to meet future demand. (Source: https://oilprice.com/Metals/Commodities/Is-Copper-A-Winning-or-Losing-Bet-Right-Now.html)
Standing out as a key player in meeting this demand, Abitibi Metals (AMQ.c AMQFF) is well-positioned to capitalize on the increasing demand for clean energy metals. The company is currently awaiting results from ongoing drill programs at the B26 Deposit, a copper-lead polymetallic deposit in Quebec, Canada, which holds an initial resource of 11.4 million tons at nearly 3% copper equivalent. For more details, you can view the update here: https://x.com/StckMasterFlash/status/1833281698538176825
CommodityCoverage
4 months ago
Insightful presentation from Abitibi Metals (AMQ.c AMQFF) President and CEO, Jonathan Deluce, from the Clean Energy Metals Conference late last month:
Fully funded for exploration through 2026, AMQ is exploring the B26 Deposit, a copper-lead polymetallic deposit in Quebec, Canada which boasts an initial resource of 11.4 million tons at nearly 3% copper equivalent.
CommodityCoverage
4 months ago
Today, Abitibi Metals (AMQ.c AMQFF) provided an update on its phase 2 drill program at the B26 Polymetallic Deposit, announcing the extension of the western plunge in step-out drilling: https://abitibimetals.com/abitibi-metals-extends-western-plunge-in-step-out-drilling-at-the-b26-polymetallic-deposit-highlights/
Having identified a broad zone of mineralization from 1,206 to 1,344m in depth along the Western Plunge of the deposit, this drilling intercepted a copper-gold zone amid testing the extension of the high-grade lens identified in hole 1274-16-236 which intercepted 5.08% Cu Eq over 7.1 meters.
CommodityCoverage
4 months ago
Earlier this week, Abitibi Metals (AMQ.c AMQFF) announced the appointment of former BlackRock Executive, Chris Leavy, to the company's Advisory Committee: https://abitibimetals.com/abitibi-metals-announces-former-blackrock-executive-joins-advisory-committee/
Recognized as a "Top 100 Fund Manager", Leavy will be providing counsel on business strategy, capital markets, and corporate governance as AMQ targets 16,500m of drilling during its Phase II drill program at the B26 Deposit.
CommodityCoverage
4 months ago
Today, Abitibi Metals (AMQ.c AMQFF) outlined its expansion model at the B26 deposit, having recently commenced its Phase II drill program, targeting 16,500m of drilling: https://abitibimetals.com/abitibi-metals-outlines-expansion-model-at-the-b26-polymetallic-deposit/
Following a successful Phase 1 which revealed significant expansion potential in three key exploration areas, this phase could significantly increase the contained metal inventory.
CommodityCoverage
4 months ago
Today, Abitibi Metals (AMQ.c AMQFF) announced that it will be presenting at the Clean Energy Metals Virtual Investor Conference August 29th amid ramping up activity with our Phase 2, 16,500-meter drill program at the B26 Deposit: https://abitibimetals.com/abitibi-metals-to-present-at-the-clean-energy-metals-virtual-investor-conference-august-29th/
For more information about AMQ, refer to this recent interview from TokStocks Podcast with Jon Deluce, CEO of AMQ, a $35M mcap company focused on developing a world-class asset for the eventual sale to a major company:
StockInfo11
4 months ago
Abitibi Metals Corp. (AMQ.c, AMQFF) has launched Phase 2 of its 16,500m drill program at the B26 Polymetallic Deposit, aiming to expand resources, especially in the underexplored western plunge and mid-level zones. Currently, the project is indicated to have 6.97M tonnes grading 2.94% CuEq and inferred to have 4.41M tonnes @ 2.97% CuEq. With $16M in funding, AMQ is confident in advancing both open-pit and underground potential.
https://abitibimetals.com/abitibi-metals-commences-phase-2-drilling-at-b26-deposit/
*Posted on behalf of Abitibi Metals Corp.
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