This recently announced Libero Copper Flow Thru is very attractive for investors. Copper excavation needs to dramatically increase if the world wants to switch to electric cars, according to one of the world’s leading mining figures. Robert Friedland, co-chairman of the Canada-based Ivanhoe Mines, has warned that the drive to replace high-emission vehicles across the globe could be stalled by a lack of access to key metals. The billionaire financier has said that industry-leading electric vehicle maker Tesla “expects a global battery mineral shortage, and we haven’t started electrifying cars yet.” He predicted that “copper demand for electric cars will rise 10 times by 2030,” as: “The larger the object you want to electrify, the more you need copper.” Friedland went on to claim that despite global efforts to cut harmful emissions, the world will still rely on hydrocarbon — generated by burning fossil fuels — “for a long time.” “Even an electric car is 25 percent hydrocarbon by weight because of the plastics involved to make it lighter,” he said, adding: “When it becomes fashionable for the institution investors not to invest in hydrocarbon, you will have higher hydrocarbon prices, thus the role of Saudi Arabia in energy transformation will become even more critical and central.” Friedland went on to say that “it is highly strategic for Saudi Arabia to lead the reinvention of mining because we don't mine in order to make money, we mine as a means to an end.” Referring to the ‘Saudi Shield’ — a geological area around the Red Sea — Friedland said his company has “a non-invasive technology that generates a huge amount of electrical energy, the output of 2 km power plant.” “If there is water down there, if there is copper, gold or nickel or even oil, we will see it,” he added.
LIBERO COPPER ANNOUNCES FLOW-THROUGH PRIVATE PLACEMENT OF UP TO $3 MILLION
Libero Copper & Gold Corp. has arranged a non-brokered private placement consisting of up to 9,090,909 flow-through shares at a price of 33 cents per share for gross aggregate proceeds of up to $3-million. The net proceeds will be used for exploration at the Big Red porphyry copper project. Common shares issued under the FT offering qualify as flow-through shares. The gross proceeds from the FT offering will be used to incur Canadian exploration expenses that will qualify as flow-through mining expenditures as those terms are defined in the Income Tax Act (Canada) which will be renounced to the initial purchasers of the flow-through shares. A finder's fee of 6 per cent will be payable in cash on a portion of the FT offering. Eventus Capital Corp. is acting as a finder in connection with the FT offering. Closing of the FT offering is subject to approval of the TSX Venture Exchange. Securities issued in the FT offering are subject to a statutory hold period of four months. Closing of the FT offering is intended to occur on or around July 21, 2022. About Libero Copper & Gold Corp. Libero Copper is unlocking the value of a collection of porphyry copper deposits throughout the Americas in prolific and stable jurisdictions. The portfolio includes the Mocoa deposit in Putumayo, Colombia; Esperanza in San Juan, Argentina; and Big Red and Big Bulk in the Golden Triangle, British Columbia, Canada. These assets are being advanced by a highly disciplined and seasoned professional team with successful records of discovery, resource development and permitting in the Americas. IWA is a shareholder of Libero Copper
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