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Thursday, December 7, 2023

Copper Fox Metals CEO: Developing an Asset and Monetizing it at the Right Time

Copper Fox Metals (TSXV:CUU,OTC Pink:CPFXF) announced the results of a preliminary economic assessment (PEA) for the Schaft Creek copper-molybdenum-gold-silver porphyry deposit located in Tahltan Territory in Northwestern BC.

The PEA reveals the project’s financial potential, and Copper Fox Metals CEO Elmer Stewart joined the Investing News Network to share the company’s plans moving forward.

Copper Fox Metals CEO Elmer Stewart: Developing an Asset and Monetizing it at the Right Time

According to Stewart, the Shaft Creek project is very sensitive to copper prices into foreign exchange prices, with a 25 cent per pound increase in the price of copper driving the life-of-mine EBITDA by about US$900 million and the free cash flow by an additional US$700 billion.

“We’re focusing on collecting metallurgical samples to do more testing to try and reduce the processing costs and hopefully increase overall metal recoveries,” Stewart said.

“Our most advanced-stage project is Shaft Creek. And our objective is to be in production. We are going to continue to monitor and we’re very pleased with the way the value has increased. We think that the work being done in 2021 is probably going to add more significant value to the project until it becomes fair value territory. We’ll decide on if we’re going to monetize that now.”

Stewart explained that it is not the company’s strategy to become a miner. He said Copper Fox is more inclined to develop the asset and then monetize it at the right time.

“We rounded out our portfolio projects this year when we acquired the Eagle project. We now have identified very large porphyry copper targets, and they’re ready for drilling in early 2022. The objective of the 2022 program would be to hook up or link up the mineralization so we can establish a zone of mineralization that’s approximately 1,500 meters of strike length. We think the projects have big potential with defined large deposits, and with what we’ve seen so far we think we’re on the right track.”

Watch the full interview of Copper Fox Metals CEO Elmer Stewart above.

Disclaimer: This interview is sponsored by Copper Fox Metals (TSXV:CUU,OTC Pink:CPFXF). This interview provides information which was sourced by the Investing News Network (INN) and approved by Copper Fox Metals in order to help investors learn more about the company. Copper Fox Metals is a client of INN. The company’s campaign fees pay for INN to create and update this interview.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Copper Fox Metals and seek advice from a qualified investment advisor.

This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.

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