World Copper Ltd. Poised to Capitalize on Surging Copper Demand
August 1st, 2024 12:30 PM
By: Newsworthy Staff
As copper demand rises due to renewable energy and electric vehicle growth, World Copper Ltd. is strategically positioned with its Arizona-based Zonia project to meet increasing supply needs while employing environmentally friendly mining practices.

The global push towards renewable energy and electric vehicles is driving an unprecedented surge in copper demand, with forecasts indicating a potential supply shortfall of 22 billion pounds annually by 2035. This growing demand has propelled copper prices to a two-year high, creating a favorable market environment for mining companies like World Copper Ltd. (OTC: WCUFF).
World Copper's Zonia project, located in Arizona's Walnut Grove Mining District, is strategically positioned to capitalize on this trend. Arizona, once the world's copper mining capital, still produces about 74% of the United States' copper. The Zonia project encompasses 4,373 acres, including 96 patented and 185 unpatented mineral claims, along with additional surface rights.
The project's latest mineral resource estimate reveals significant potential, with indicated resources of 75.7 million short tons grading 0.30% total copper, containing 450.5 million pounds of copper. Additionally, inferred resources amount to 122 million short tons grading 0.24% total copper, containing 575.4 million pounds of copper. World Copper reports a favorable net present value (NPV) of $192 million at $3.00/lb copper, highlighting the project's economic viability.
World Copper's CEO, Gord Neal, recently announced the identification of over 14 million tons of historically mined material at Zonia, potentially available for re-processing. This discovery could significantly enhance the project's value and improve its economics by generating early revenue and reducing financing needs.
The company's environmentally conscious approach to mining sets it apart in the industry. World Copper utilizes oxide deposits and a solvent extraction-electrowinning (SX-EW) process, which eliminates the need for smelting and reduces emissions by an estimated 38%. This aligns with the increasing pressure on mining companies to adopt sustainable practices and appeals to ESG-focused investors.
World Copper's management team, led by CEO Gord Neal, brings extensive experience in the metals and mining sector, as well as in capital markets and corporate governance. Board members Derek White and Myron Smith contribute over 35 years of experience in senior management and mine building, and successful permitting of multiple mining projects in Arizona, respectively.
As the world transitions to green energy, copper's role becomes increasingly critical. World Copper's strategic location in Arizona, combined with its environmentally friendly approach and experienced management team, positions the company to potentially become a significant player in meeting the growing global demand for copper.
The projected increase in copper consumption by a minimum of ten million metric tons over the next decade underscores the importance of companies like World Copper in addressing future supply challenges. With its Zonia project and focus on sustainable mining practices, World Copper aims to contribute to the copper supply while minimizing environmental impact.
As the renewable energy and electric vehicle sectors continue to expand, the demand for copper is expected to remain strong. This trend, coupled with World Copper's strategic assets and approach, suggests that the company may be well-positioned to benefit from the ongoing copper resurgence and play a role in supporting the global transition to a greener future.
Source Statement
This news article relied primarily on a press release disributed by News Direct. You can read the source press release here,
