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Libero Copper Corp (LBC)

CBOE Canada
Symbol
Exchange
Currency
LBCTSXVCAD
LBCCBOE CanadaCAD
Currency in CAD
Disclaimer
0.39
0.00(0.00%)
Closed

LBC Comments

Hearing it through the grapevine that BG's recently announced PP will likely wrap up financing by end of next week, this will quickly see the funds accelerating the Spring exploration program at Tabor.
With 3 key copper projects in the Americas including Mocoa, in Columbia, which already has 2M+ tons of copper with significant expansion, LBC is tapping into the relentlessly high copper demand and anticipated deficits in the coming years. Definitely an opportunity worth exploring.
LBC partnership with Anglo Asian Mining to develop the Mocoa deposit in Columbia has significant potential for value creation at the project that ensures reliable and sustainable supply of locally produced copper-based components supporting Columbia's green industries.
Recent selection in the Source2Equal program in Columbia is a solid recognition for LBC's alignment in promoting gender equality in supply/production chains. Stats in the NR included that 85% of their employees are local from the region and 60%+ are women. Significant way to be recognized in prioritizing local talent, equity and inclusion. Furthermore, their Mocoa project is estimated at over 2M+ tonnes copper further positioning them as a leading producer
Outside of the strong sustainable positioning from their "Green Route" collaboration in Columbia, their Mocoa flagship is constantly on my mind, with 2M+ tonnes of copper and strong involvement with molybdenum. Last I read, the Mocoa deposit alone contains 232k tonnes Molybdenum which is essentially the world's production in one deposit.
The latest news announces that LBC is collaborating with national universities, local communities and start-up companies in Columbia creating a sustainable, secure and traceable copper supply chain named "the Green Route." This partnership aims to maximize copper content in Mocoa (and regionally) to create intermediate and end-use products for sustainable energy and EVs in Columbia. LBC's involvement includes their Mocoa molybdenum project which contains ~232k tonnes as the sole company advancing a molybdenum project with Columbia on track to be one of the largest molybdenum producers in the world.
Great update on the Green Route project, which aims to help Colombia establish a copper supply chain that is sustainable, secure, and traceable. And most recently, on March 28-29, they were invited to the first Colombia Green Energy Summit as presenter and panellist, as the only company invited from the mining sector.
Copper prices are up nearly 20% over the past 6 months. As LBC's properties span a wide area across North and South America, as exploration continues with the recent $2.5M raise I'm sure they'll be able to build on historical discoveries at the properties, definitely worth to keep an eye out for future results.
Libero’s recently closed non-brokered private placement raised $2.5M for exploration at their Mocoa and Esperanza copper projects. These proceeds were led by investment from Anglo Asian Mining who’s committed to maintaining its 19.8% holding in the company. IMO the investment amplifies the attractiveness of Libero's asset portfolio, which includes significant copper resources in the Americas, and provides exposure for Anglo Asian Mining to diversify from their fully-owned projects in Azerbaijan.
Libero Copper and Gold gave an update on their mineral exploration projects, focusing on the Makoa Copper Project in Colombia and their drilling plans in Colombia and Argentina. The presentation highlights the increasing demand for copper due to the energy transition. In the webinar, they also discuss the recently closed private placement raising $2.5M in financing discussing the planned use of its proceeds.
Libero Copper & Gold Corp raised $2.5 million through its non-brokered private placement, with net proceeds to be used for exploration and working capital. Noteworthy expenses include the fully permitted and drill-ready 2km diamond drill program at Big Red and Big Bulk in the Golden triangle. The final tranche was invested by Anglo Asian Mining Plc to maintain their 19.9% interest.
Libero Copper has extended the Terry porphyry copper-gold discovery with a new intersection of 0.24% Cu and 0.03 g/t Au over 100.5 meters at their Big Red project in the Golden Triangle mining district of BC. And that's just one of the many promising assets in their portfolio, with Mocoa being a strong standout for me. With a market cap of just $12M, their valuation seems ridiculous considering their strong community and government relations and upcoming catalysts that pose strong potential for rerate.
Solid push today, the market is finally starting to see the potential of their 3 projects across North and South America, and with the $1.9M in hand and accelerating exploration, they're ready to capitalize on the expected copper/commodity market growth.
Big Red update, Libero's intersected the Terry porphyry, extending the #copper-#gold mineralization found in a previous hole. Results show 0.24% Cu and 0.03 g/t Au over 100.5 meters. Further fieldwork planned.
Love to see the engagement they have with the locals especially with their Mocoa project. Sometimes the biggest difficulty for mining companies isn't getting to exploration but the community backlash if they aren't listening to them.
They're all cashed up for exploration with the recent private placement completed. With copper and gold commodity prices expected to continue rising this year as China eliminates COVID restrictions and returns to full-scale manufacturing, LBC is in a good position to capitalize on the recovery.
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