Copper prices are red-hot. All thanks to tight supply, and a substantial increase in demand, which lead to Goldman Sachs saying copper could rally to $15,000 by 2025. The firm also believes annual demand for copper could skyrocket 900% to 8.7 million tons by 2030. Some of the companies benefiting from that news are Windfall Geotek Inc. (TSXV:WIN) (OTC:WINKF) (FSE:L7C2), First Quantum Minerals Ltd. (TSX:FM)(OTC:FQVLF), Ivanhoe Mines Ltd. (TSX:IVN)(OTC:IVPAF), Cielo Waste Solutions Corp. (CSE:CMC)(OTC:CWSFF), and Aduro Clean Technologies Inc. (CSE:ACT).
In addition, according to Barron’s, “Supplies, already tight as the global economy recovers, could be further strained by a predicted fivefold rise in green energy demand in the current decade, leading to significant shortages, starting in the mid-2020s, according to a report by Goldman commodity analyst Nicholas Snowdon. He sees copper, now around $4.50 a pound, hitting $6.80 by 2025. Bank of America commodity strategist Michael Widmer thinks the price could hit $6 this year.”
Look at Windfall Geotek (TSXV:WIN)(OTC:WINKF)(FSE:L7C2)
Windfall Geotek (TSXV:WIN; OTCQB:WINKF) a mining technology company and a leader in the use of Artificial Intelligence (AI) with advanced knowledge-extraction techniques since 2005 announces it has signed a binding letter of intent to enter into an agreement to develop the Chapais property (See Windfall News Release dated April 8th, 2021). Terms of the definitive agreement are to be finalized no later than July 19, 2021 and will include:
1) Issuance of shares to Windfall Geotek at pre IPO/RTO valuation
2) Issuance of an NSR on the property
3) Board position with resultant public entity
Dinesh Kandanchatha, Chairman commented: “We had a lot of interest in this property, and are pleased to announce that we have selected a partner with whom we envision having a relationship with over the long run. Our intent is to work with partners who understand the value our technology can unlock throughout the various stages of the project.”
About the Chapais Property
- Large property consisting of 36 claims and 1,560 hectares located 490 km northwest of Montreal. Road accessible with power grid access
- From 1953-1991 the Chapais region produced over 1 billion pounds of copper and 1 million ounces of gold
- Mineralization on the Chapais property may be of Ope´miska style copper-gold vein type, particularly given its proximity to the Springer and Perry mines. The mineralized veins of the Springer mine are restricted to fracture networks contained in the ophitic parts of the gabbroic venture sill, which continues into the Chapais property.
- Windfall Geotek AI system has generated significant targets for gold, copper and zinc across the entire land package
Other related developments from around the markets include:
First Quantum Minerals Ltd. announced that the nominees listed in the Management Information Circular for the 2021 Annual Meeting of Shareholders were elected as directors of First Quantum. In total, 582,519,893 shares were voted at the meeting, representing 84.38% of the issued and outstanding shares of the Company. Detailed results of the vote for the election of directors held at the Annual Meeting on May 6, 2021.
Ivanhoe Mines Ltd. Executive Co-Chair, Robert Friedland announced that Ivanhoe Mines has pledged to achieve net-zero operational greenhouse gas emissions at the industry-leading Kamoa-Kakula Copper Mine in the Democratic Republic of Congo. In support of the Paris Agreementon climate change, and in the spirit of the commitments at the recent virtual global climate conference by the Chinese and American governments to sharply cut emissions, Ivanhoe Mines has committed to work with its joint-venture partners and leading underground mining equipment manufacturers to ensure that Kamoa-Kakula becomes the first net-zero operational carbon emitter among the world’s top-tier copper producers.
Cielo Waste Solutions Corp. announces changes to its Board of Directors. Robin Ray, Mel Angeltvedt and Lionel Robins have resigned from their Board positions, each for personal reasons. Mr. Ray is stepping down to devote more time on his accounting practice, Mr. Angeltvedt will focus his efforts on his own business opportunities and Mr. Robins intends to devote his time to his recent appointment as the COO with Cielo.
Aduro Clean Technologies Inc. announced that, further to its news releases dated July 14, 2020, October 23, 2020 and April 6, 2021, the Company has completed its acquisition of all of the issued and outstanding shares of Aduro Energy Inc. from the security holders of Aduro Energy, pursuant to a securities exchange agreement dated October 22, 2020, as amended. The Transaction, which was an arm’s length acquisition, constituted a “fundamental change” for the Company under the policies of the Canadian Securities Exchange. On Closing of the Transaction, the Company completed a 3:1 consolidation of its issued and outstanding common shares and changed its name to “Aduro Clean Technologies Inc.” On April 28, 2021, the Company’s shares were approved for re-listing on the CSE under the symbol “ACT”. It is anticipated that trading in the Company’s shares will resume on April 29, 2021.
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Windfall Geotek by Windfall Geotek We own ZERO shares of Windfall Geotek. Please click here for full disclaimer.
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