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.
Copper has a strong underlying, future market.
Copper is the right investment for the future. The world is facing a copper deficit, and copper demand is forecasted to remain strong in the coming decade. This is 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.
World-class deposit with resource scale.
Thierry is a world-class copper deposit, with very low-cost of production and long-life assets. Both the underground and open-pit deposits are open on strike and depth, providing significant upside deposit potential. 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.
Low capital intensity and low-risk.
As a past producer, 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. The represents a low-risk premium given Thierry’s location within Canada’s stable political and mining jurisdictions, coupled with production economics, whereby 100% of operating costs are Canadian dollars, hedged against US dollar copper price volatility.
Management successfully founded and commercialized a producing copper mine.
The management team has a proven history of creating shareholder value in the copper mining industry, having successfully commercialized the Aguas Teñidas copper mine, currently producing 4.6 million tonnes of copper a year.
Attractive IPO valuation.
Long-term investment-grade opportunity at an attractive investment level with significant upside compared to peers. Opportunities to invest in projects with this asset combination of size, economics, infrastructure, and location are rare.
By fully exploiting the resource at the Thierry copper deposit, we can create significant returns for our investors. Accredited investors interested in our Initial Private Offering of C$4 million at C$0.15 per unit. please contact your broker or Michael Paul, President at (416) 953-3133.