More Cash in Bank than ever, and Assays Results Pending – Huge news flow in pipeline for Investors… stay tuned PGZ holders.
The electric vehicle boom is here. The mass electrification of developing economies. Within a decade, the world may face a colossal shortfall of what is arguably the most critical metal for the new global economy – copper. This raises the questions of where, when, and how to discover and develop new sources of the vital metal.
Along with the skyrocketing price of copper – which hit a high of USD$4.90 per pound in May – the metal is now well above an incentive price for both explorers and developers / producers. As trillions of dollars in economic stimulus pour in to support the post-COVID-19 recovery – including funds for infrastructure and for the transition to a carbon-free world – boosted demand, a dearth of investment dollars by big mining companies and a slowdown in production during the height of the COVID-19 outbreak last spring brought inventories to levels not seen in fifteen years.
And here’s where Vancouver, BC-based junior explorer, Pan Global Resources , is stepping up to the plate in the world’s most prolific copper-producing areas – The Iberian Pyrite Belt in Spain.
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IWA is a shareholder of Pan Global Resources.
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