Crown Mining: The Stock to Capitalize From EV & Clean Energy Switch
After a long period of being range-bound below $5, Copper suddenly has jumped 30% in the last few months. The demand for copper is only going to grow from here on out as well. Both, due to global supply shocks and through the switch to clean energy.
Renewable energy sources such as solar, hydro, and wind require up to 12X more copper than traditional fossil fuel alternatives. The demand for copper due to electric vehicles is expected to increase by 1,700 kilotons by 2027.
Currently, the supply of copper can’t keep up with this new demand.
Dr. Copper himself and CEO of Crown Mining Corp (OTCMKTS:CWMZF) (CVE:CWM) Stephen Dunn joins Midas Letter to outline the inherent opportunity the rise in copper prices has for the company about to change its name to US Copper. Stephen Dunn has over 30 years of experience in the investment industry and has been a director of numerous resource companies.
Crown Mining is sitting on over 2 billion pounds of copper and has recently raised C$2M for new fully-funded drilling campaigns. With the renewed interest in U.S. copper production, the rise of the underlying commodity price, and with government support for strategic metals projects, Crown is looking ideally positioned to capitalize.
Watch the full interview to see what drill programs are running, the deposits Crown is sitting on, and an outline of what is driving the copper price.