Thierry Mine is one of Canada’s largest, most advanced copper deposits ready to come back online. Thierry was a profitable producer of copper from 1976 to 1982 when the mine closed due to low copper prices, trading $0.60 - $0.80 per pound, compared to 2017 prices of over $3.00. With funding, Thierry may be re-commissioned in the next three years, positioning it as a top five copper producer in Canada.
Independent NI 43-101 compliant Technical Report and Preliminary Economic Assessment of the Thierry Mine deposit reports over 1.4 billion pounds of proven copper, holding an in-ground value of $4.23 billion USD, in addition to nickel, platinum, and palladium, for a total of over $4.8 billion USD of in-ground value.
Thierry has C$104 million in existing infrastructure, 28 miles of underground tunnels, and requires C$4 million to complete the Bankable Feasibility Study and Permitting, accelerating Thierry into position to offer up to C$30 million in flow-through financing, commissioning Thierry into stage one production.
Our management team has proven experience in copper mining having successfully founded and brought into operations the Aguas Teñidas, a copper mining exploration-to-production success, currently producing 4.6 million tonnes of copper a year.
Copper is the right investment for the future. Copper demand is forecasted to remain strong in the coming decade, driven by existing mine production slowing, and increased demand from the booming electric vehicle, renewable energy, and infrastructure sectors. In fact, the McKinsey Global Institute estimates that primary copper demand could grow by nearly 2% annually, reaching 31 million tons by 2035 – a 43% increase over current demand.
Northern Fox is provisioning investors a long-term, investment-grade, and world-class opportunity to become a leading provider of copper.