Josemaria Resources (TSX: JOSE) (OTC: JOSMF), a natural resources company based in Vancouver, British Columbia, is focused on the development of its wholly owned Josemaria copper-gold mining project. The company is positioning to meet growing demand for copper, with the metal’s looming deficit expected to worsen in the coming years according to an S&P Global Market Intelligence report (https://ibn.fm/svirM). “A deficit in the copper market is set to deepen over the next several years as supply of the widely used metal struggles to keep up with strong demand from the power and construction sectors, compounded by the proliferation of electric vehicles,” reported the S&P article. Highly attuned to market demands, Josemaria Resources is working to develop its flagship property in the San Juan Province of Argentina, a well-known hub supporting a wide variety of mining and service companies. A recent article discusses positive results of a feasibility study completed for the project. “This study has materially de-risked the project and forecasts an attractive economic outcome, which is comparable with other large-scale copper/gold projects already being developed or in production today,” said Josemaria Resources president and CEO Adam Lundin. “We believe that Josemaria is perfectly positioned to commence production by mid-decade, meeting rising copper demand from a rapidly electrifying global economy. I believe the study results will allow us to unlock various financing opportunities as we move toward construction.”
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About Josemaria Resources Inc.
Josemaria Resources is a Canadian natural resources company focused on advancing the development of its wholly owned Josemaria Copper-Gold Project in San Juan Province, Argentina. The company published the results of an independent feasibility study on Oct. 19, 2020, which demonstrates a conventional, robust and rapid pay-back, open-pit copper and gold project. Josemaria is a member of the Lundin Group and a proud partner of the Lundin Foundation. Josemaria is laying the groundwork for best practice in responsible mineral development in Argentina. The company is a reporting issuer in all provinces and territories of Canada, and its corporate head office is in Vancouver, British Columbia. The company’s shares are listed on the TSX and Nasdaq Stockholm under the symbol “JOSE” and trade on the OTCQB under the symbol “JOSMF.” For more information, visit the company’s website at www.JosemariaResources.com.
NOTE TO INVESTORS: The latest news and updates relating to JOSMF are available in the company’s newsroom at https://ibn.fm/JOSMF
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