US Copper Corp. is making significant strides in the advancement of its Moonlight-Superior Project, a historically operated copper mine in California. The company has initiated discussions with strategic partners to support its endeavors in bringing the mine back into production, capitalizing on the surge in copper prices and the push for domestic metal resources in the U.S.
With copper prices surpassing US$10,000/t, US Copper’s strategic location in California aligns perfectly with the U.S. Government’s efforts to boost domestic sources of critical metals like copper. The recent drilling results have laid a solid foundation for discussions with potential partners to move the project forward through a Definitive Feasibility Study and mine development.
Situated close to Tesla’s Gigafactory outside Reno, Nevada, US Copper’s Moonlight-Superior Project plays a key role in President Biden’s Defense Act Order to secure a stable supply of copper for the country’s transition to a low carbon economy. As copper remains essential for renewable energy and electric vehicles, US Copper aims to support the green energy transition by providing a domestic source of copper supply.
CEO Steve Dunn expressed enthusiasm about the company’s progress, stating that US Copper is committed to becoming a vital copper supplier in the U.S. market. The Moonlight-Superior Project’s substantial copper resources and the company’s strategic positioning make it a promising venture for investors looking to support sustainable and green initiatives in the country.
