Majuba Hill Copper Corp – OTC: JUBAF, CSE: JUBA
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The US Department of Energy Incorporates Copper into the Critical Materials Appraisal for 2023 to Assess the Resilience of Supply Chains for Clean Energy Technologies
VANCOUVER, BC — August 16th, 2023 — Majuba Hill Copper Corp. (CSE: JUBA | OTC: JUBAF | FWB:4NP) (“Majuba Hill Copper” or the “Company”) is excited to inform its shareholders that the US Department of Energy (“DoE”) has officially designated copper as a critical raw material, a development that holds significant implications for the Company.
This strategic move by the US DoE involves recognizing the indispensability of specific materials within global supply chains for clean energy technologies. The company had previously announced in a press release on July 26, 2023, that it had submitted the “Technical Report for the Majuba Hill Copper Project, Pershing County, Nevada, USA” under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). The report delineates an exploration target of 100,000,000 tonnes with a potential to host up to 660,000,000 pounds of copper at Majuba Hill Copper Project in Nevada. The Company remains open to expanding this target in various directions of the project.
The recent Critical Materials Assessment for 2023, a comprehensive evaluation conducted by the US Government agency, has marked a significant milestone by including copper as a critical material. This move aligns with similar actions taken by Canada, Japan, India, the European Union, and China. This assessment revolves around identifying materials deemed essential for the production of energy transition technologies, including electric vehicles (EVs). This recognition is expected to attract investment to Majuba Hill Copper Project, located 156 miles outside Reno, Nevada, USA, where the Company is engaged in copper, silver, and gold mining. The assessment also categorizes critical materials as those posing high risks of supply chain disruptions.
Alejandro Moreno, Acting Assistant Secretary for the DoE’s Office of Energy Efficiency and Renewable Energy, emphasized the importance of anticipating critical material supply chains for clean energy technologies. He expressed that this anticipation is crucial for the ongoing transition to a clean energy economy, ensuring the manufacturing of vital technologies such as solar panels, wind turbines, power electronics, lighting, and electric vehicles.
Copper plays an instrumental role in bolstering US economic and national security. With projections indicating a doubling of copper demand by 2035, largely attributed to the clean energy transition, electrification, and water infrastructure initiatives, its significance cannot be overstated. Copper’s vital contribution to electricity generation, transmission, and distribution underscores its essential role in ensuring the nation’s functionality and defense.
David Greenway, CEO of Majuba Hill Copper Corp., underscored the pivotal nature of copper and its inclusion in the Critical Materials Assessment. He noted that this recognition reaffirms Majuba Hill’s promising potential for copper mining, particularly in the context of securing supply chains for clean energy technologies. Greenway highlighted the importance of Majuba Hill’s contribution, especially considering the projected copper deficit from 2026 onwards. He expressed pride in the Company’s contributions and optimism about its endeavors in Nevada, a top-tier mining jurisdiction.
Majuba Hill’s mineral expansion plans reveal substantial northeast-southwest corridors associated with both intermediate (0.05 to 0.5% Cu) and high-grade (>0.5% Cu) copper mineralization. These mineralization zones remain open in all directions. Recent geological mapping has successfully identified northeast and northwest trending zones west and southwest of Conceptual Pits 13, 42, and 56.
To further enhance copper mineralization, the Company’s geologists have identified locations for 15 to 20 core and reverse circulation (“RC”) holes. These planned drill holes aim to improve mineralization grade by narrowing the drill spacing near favorable geological formations. The primary objective of this drilling campaign is to transition the mineralization from an exploration target category to inferred and indicated resource categories.
The scientific and technical information in this release has been reviewed by E.L. “Buster” Hunsaker III, CPG 8137, a non-independent consulting geologist who qualifies as a “Qualified Person” as per National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).
About Majuba Hill Copper Corp.
Majuba Hill Copper Corp. is engaged in the identification, review and acquisition of latter stage copper and copper/silver/gold assets. This is in direct response to the growing worldwide demand and lack of supply for precious metals fueled by the Green New Deal in the US and most other developed nations with similar programs aimed at addressing climate change. Such programs are heavily reliant on silver, gold and especially copper to produce Electric Vehicles and other renewable power sources, as well as building infrastructure to provide clean and affordable electricity.
The flagship project is the Majuba Hill copper, silver and gold District located 156 miles outside Reno, Nevada, USA. Management has been mandated to focus on safe, mining friendly jurisdictions where government regulations are supportive of mining operations.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
On Behalf of the Board of Majuba Hill Copper Corp.
“David Greenway”
David C. Greenway
President & CEO
Forward-Looking Statements
This news release contains certain statements that may be deemed “forward-looking” statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although Majuba Hill Copper Corp. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Majuba Hill Copper Corp. management on the date the statements are made. Except as required by law, Majuba Hill Copper Corp. undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
Majuba Hill Copper Corp.( CSE: JUBA) (OTC: JUBAF ) (“Majuba Hill Copper” or the “Company”) is taking significant strides to advance the Majuba Hill Porphyry Copper Deposit. The Company is delighted to announce the successful filing of an independent technical report (the “Report”) on SEDAR, adhering to the standards set forth in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). The report is titled “Technical Report for the Majuba Hill Copper Project, Pershing County, Nevada, USA”.
Majuba Hill Copper Corp ( CSE: JUBA) (OTC: JUBAF ) is a well-established copper mining company that plays a significant role in meeting the growing demand for copper globally. Majuba Hill Copper Corp boasts an impressive portfolio of mining projects and exploration prospects, positioning it as a compelling investment opportunity in the copper industry.
The Report was authored by Jeffrey M. Bickel, C.P.G., Senior Geologist, RESPEC Company LLC, Reno, NV (“RESPEC”). The full Report dated June 20, 2023 is available on the Company’s website and the SEDAR Issuer profile at www.sedar.com.
RESPEC evaluated the porphyry copper mineralization using a series of conceptual open-pit scenarios. The conceptual open-pit scenarios were constructed using a Whittle Pit calculation. In the report a significant footprint of copper mineralization was outlined that is within an Exploration Corridor containing favorable porphyry-copper-type geologic characteristics and robust copper mineralization.
“We are thrilled to announce the significant milestone achieved by Majuba Hill Copper Corp with the successful filing of our updated NI 43-101 report on SEDAR, a testament to our commitment to transparency and adherence to the highest standards in mineral project disclosure. I extend my deepest gratitude to the entire RESPEC Company team for their dedicated efforts in delivering this comprehensive report. Their expertise and unwavering support have been instrumental in shaping our path to success. Special thanks to Buster and Jefferey, whose leadership and hard work have been pivotal in driving this endeavor forward. With this milestone, we are confident in our position to seize the abundant opportunities that lie ahead in the dynamic copper market,” commented David Greenway, CEO of Majuba Hill Copper Corp.
Majuba Hill Copper Corp is excited to unveil its comprehensive exploration plans for the year 2023, focused on advancing and expanding the copper deposit at Majuba Hill. The primary objective of this strategic campaign is to upgrade the mineralization from an exploration target category to the inferred and indicated resource categories. We are thrilled to share the key highlights of their exploration strategy that will drive the progress of their project:
1. Extensive Drilling Program: Majuba Hill Copper Corp intends to conduct drilling operations to a depth of up to 4900 meters (16,000 feet). This ambitious drilling program is designed to provide valuable data and insights essential for the successful advancement of the copper deposit.
2. Resource Estimation Enhancement: With a meticulous approach to drilling, geologists will focus on tightening the drill spacing to effectively convert waste blocks into mineralized blocks. This will lead to improved resource estimation accuracy and reliability, bolstering the overall project confidence.
3. Grade Optimization and Infilling: Majuba Hill Copper Corp plans to deploy core and reverse circulation (“RC”) holes strategically between Whittle Pit 13 and Whittle Pit 42. This strategic positioning aims to boost the grade of copper mineralization in the area and fill in data gaps with additional drillhole information.
4. Pursuing High-Grade Zones: Exploration campaign will also target the extension of high-grade mineralization within the deposit. Understanding the boundaries and potential of these high-grade zones is vital for maximizing the project’s economic prospects.
5. Metallurgical Analysis: Characterizing the metallurgical properties of the oxide and enriched mineralization is a key step in our exploration plan. This valuable information will play a pivotal role in the economic evaluation of processing the copper mineralization.
The entire team at Majuba Hill Copper Corp is enthusiastic about the opportunities that lie ahead with these well-defined exploration objectives. Majuba believes believe that this comprehensive approach will unlock the true potential of the Majuba Hill copper deposit and strengthen our position in the mining industry.
For more information and updates on Majuba exploration progress, please visit Majuba Hill website at www.majubahillcopper.com
About RESPEC Company LLC
RESPEC Company LLC stands as a prominent global leader in geosciences, data, and engineering services, specializing in exploration, mine productivity, efficiency, and safety. Renowned for its expertise, RESPEC serves as a reliable advisor, offering integrated technology solutions tailored to the specific needs of mining and mineral clients. Throughout the entire mine life cycle, RESPEC’s extensive experience and know-how prove instrumental in adding value to projects. They excel in optimizing exploration and production, elevating safety measures, improving reliability, and streamlining costs. With a proven track record of success, RESPEC emerges as a trusted partner for companies seeking to enhance their operations and achieve sustainable growth in the mining industry.
About Majuba Hill Copper Corp.
Majuba Hill Copper Corp. is engaged in the identification, review and acquisition of latter stage copper and copper/silver/gold assets. This is in direct response to the growing worldwide demand and lack of supply for precious metals fueled by the Green New Deal in the US and most other developed nations with similar programs aimed at addressing climate change. Such programs are heavily reliant on silver, gold and especially copper to produce Electric Vehicles and other renewable power sources, as well as building infrastructure to provide clean and affordable electricity.
The flagship project is the Majuba Hill copper, silver and gold District located 156 miles outside Reno, Nevada, USA. Management has been mandated to focus on safe, mining friendly jurisdictions where government regulations are supportive of mining operations.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements: This press release contains forward-looking statements that are based on the Company’s current expectations and beliefs. These statements are subject to known and unknown risks, uncertainties, and assumptions that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
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Reason No. 1:.Industrial Demand: Copper is a crucial industrial metal used in various sectors such as construction, electronics, transportation, and power generation. As the global economy grows, so does the demand for copper, which can positively impact the stocks of copper mining companies.
Reason No. 3: Electric Vehicles (EVs): The increasing popularity of electric vehicles has boosted copper demand. Electric cars use more copper in their components compared to traditional internal combustion engine vehicles. As the EV market expands, so does the potential for copper stocks to rise
Reason No. 5: Supply Constraints: Copper supply can be influenced by various factors, including mining disruptions, geological challenges, and geopolitical issues in major copper-producing countries. If supply struggles to keep up with demand, it can lead to price increases, benefitting copper mining companies and their stocks.
Reason No. 2:Infrastructure Projects: Governments often invest in infrastructure development, which requires substantial amounts of copper. Initiatives like building roads, bridges, and power grids can drive up the demand for copper, benefiting copper companies.
Reason No. 4: Renewable Energy: Copper is essential for renewable energy sources such as solar, wind, and hydropower. As the world transitions toward cleaner energy alternatives, the demand for copper is expected to grow
Reason No.6: Diversification: Including copper stocks in your investment portfolio can provide diversification benefits. Copper’s performance may not always align with that of other asset classes, potentially reducing overall portfolio risk.
Welcome, savvy investors, to another exciting edition of Positive Stocks Alert! Today, we are venturing deep into the world of copper mining, where a treasure trove of investment opportunities awaits. In this long-form blog post, we’ll be shining a spotlight on Majuba Hill Copper Corp, a company that holds great promise in the thriving copper industry. So, grab your mining gear, and let’s dig in!
The Rising Demand for Copper: Copper, often dubbed “the metal with a Ph.D. in economics,” has established itself as a critical component in various industries, from electronics and construction to renewable energy. With the global shift towards sustainability and green technologies, the demand for copper is poised to soar to new heights, making it a lucrative area of investment for astute traders.
Majuba Hill Copper Corp: Unlocking the Potential: At the heart of the copper boom lies Majuba Hill Copper Corp, a company that has been diligently exploring and developing its copper assets. Majuba Hill Copper Corp has assembled an impressive portfolio of copper mining projects, positioning itself as an enticing opportunity for investors looking to capitalize on the metal’s growing demand.
Majuba Hill Copper Corp ( CSE: JUBA) (OTC: JUBAF ) is a well-established copper mining company that plays a significant role in meeting the growing demand for copper globally. Majuba Hill Copper Corp boasts an impressive portfolio of mining projects and exploration prospects, positioning it as a compelling investment opportunity in the copper industry.
Understanding Majuba Hill Copper Corp’s Strengths:
Recent Developments:
Risk Considerations:
As with any investment, it is essential to acknowledge potential risks in the mining industry, such as commodity price volatility, operational challenges, and regulatory changes. Thorough due diligence and risk management are paramount when considering investments in copper mining stocks.
Conclusion:
The global demand for copper is on an upward trajectory, and Majuba Hill Copper Corp is well-positioned to capitalize on this burgeoning opportunity. As an investor, exploring the potential of copper mining stocks, it is worth keeping a keen eye on Majuba Hill Copper Corp and its developments in the copper mining industry.
Please remember that the information provided here is for informational purposes only and does not constitute financial advice. Always conduct your research and consult with a qualified financial advisor before making investment decisions.
Thank you for joining us on this copper mining adventure with a special focus on Majuba Hill Copper Corp. Until next time, happy investing, and may your portfolio shine as brightly as copper in the sun!
Note: The details and developments mentioned in this blog post are fictional and meant for illustrative purposes only.
Majuba Hill Copper Corp ( CSE: JUBA) (OTC: JUBAF )
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