Business
Majuba Hill Copper: US DoE Adds Copper to Critical Materials Assessment for 2023 to Evaluate Supply Chain Security for Clean Energy Technologies
Vancouver, BC - TheNewswire - August 16, 2023 - Majuba Hill Copper Corp. (CSE:JUBA) (OTC:JUBAF) (FWB:4NP) (“Majuba Hill Copper” or the “Company”) is pleased to
About this update from Copper One Resources Corp.
[{"type":"text","content":"Vancouver, BC - TheNewswire - August 16, 2023 - Majuba Hill Copper Corp. (CSE:JUBA) (OTC:JUBAF) (FWB:4NP) (“Majuba Hill Copper” or the “Company”) is pleased to update shareholders that the US Department of Energy (“DoE”) officially added copper to its list of critical raw materials. This evaluation examines the importance of specific materials to the worldwide supply chains for clean energy technologies. The Company recently announced in a news release on July 26, 2023 that it had filed National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) titled “Technical Report for the Majuba Hill Copper Project, Pershing County, Nevada, USA”, outlining an exploration target of 100,000,000 tonnes with a potential to host up to 660,000,000 pounds of Copper at the Company’s Majuba Hill Copper Project in the state of Nevada. The possibility to expand that target remains open in all directions of the project. In the finalized Critical Materials Assessment for 2023, the US Government agency has for the first-time included copper as a critical material, following the example set by Canada, Japan, India, European Union, and China. The Critical Materials Assessment evaluates materials based on whether they “serve an essential function” in the production of energy transition technologies such as electric vehicles (EVs), which will assist the company in attracting investment at the Company’s Majuba Hill copper, silver and gold District located 156 miles outside Reno, Nevada, USA. It is also defined as any non-fuel mineral that has a high risk of supply chain disruption. Alejandro Moreno, Acting Assistant Secretary for the DoE’s Office of Energy Efficiency and Renewable Energy, said in a statement: “As our nation continues the transition to a clean energy economy, it is our responsibility to anticipate critical material supply chains needed to manufacture our most promising clean energy generation, transmission, storage, and end-use technologies, including solar panels, wind turbines, power electronics, lighting, and electric vehicles. Ultimately, identifying, and mitigating material criticality now will ensure that a clean energy future is possible for decades to come.” Copper is a major contributor to US economic and national security. Copper demand projections show the needs will double by 2035, primarily due to plan...