US Copper Corp. Commences Discussions with Strategic Partners for Its Moonlight-Superior Project, One of the Most Advanced and Largest Undeveloped Copper Projects in the USA
In This Article:
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US Copper has Commenced Discussions with Potential Strategic Partners to Advance its 100% Owned Moonlight-Superior Copper Project.
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US Copper's Moonlight – Superior Copper Project is a historically operating project with potential to restart and become a domestic supply of copper to the US market.
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Copper Prices broke $10,000/t (i.e. US$4.53/lb) in recent weeks as Copper undergoes an unprecedented structural change driven by global energy transition.
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The project's US location positions it as a preferred supplier to the US domestic industry and a candidate for possible US Government funding support.
Toronto, Ontario--(Newsfile Corp. - May 28, 2024) - US Copper Corp., (TSXV: USCU) (OTCQB: USCUF) (FSE: C730) ("US Copper" or the "Company") is pleased to announce that it has commenced discussions with strategic partners to facilitate the Company's ongoing efforts to advance its large, advanced Moonlight-Superior Project, a historically operated copper mine in California, back into production. Steve Dunn, CEO, noted:
"There is strong interest by strategic partners in Moonlight-Superior driven by the recent move of copper prices above US$10,000/t (US$4.53/lb) as well as the project's U.S. location which dovetails nicely with the push by the U.S. Government to stimulate new domestic sources of critical metals, including copper, via various incentive and financial support programs. With the recently announced drilling results, timing is ideal and we are excited to commence discussions with potential strategic partners to advance the project through Definitive Feasibility Study and development of the mine. We look forward to updating shareholders as discussions progress."
US Copper is developing the Moonlight-Superior Project, a historically operated copper mine in California, located approximately 125 miles from Tesla's Gigafactory outside Reno, Nevada. President Biden's Defense Act Order highlights the important role that the Company can play in ensuring the United States has a secure supply of one of the key metals to achieve its transition to a low carbon economy. Copper is a critical material for everything from renewable power generation to electric vehicles. As such, it will be vital that the U.S. has a strong and viable domestic source of copper supply.
US Copper is focused on advancing its Moonlight-Superior Project towards the production stage. The Company hopes to support the United States' shift to a green future by providing copper to the myriad of industries involved in the green energy transition.