Copper has just surpassed its key breakout point of $4.47 per lb and is breaking out big this morning to $4.535 per lb!
NIA's favorite low market cap copper explorer is: Universal Copper (TSXV: UNV).
UNV is currently trading for $0.09 per share with 62.19 million shares outstanding for a market cap of only CAD$5.6 million (USD$4.4 million) and it has no debt.
UNV’s Poplar Copper Project is one of the most advanced pre-production copper projects in the Province of British Columbia with a current 43-101 resource. It hosts an indicated resource of 152.3 million tonnes grading 0.32% copper, 0.009% molybdenum, 0.09 g/t gold, and 2.58 g/t silver plus an inferred resource of 139.3 million tonnes grading 0.29% copper, 0.005% molybdenum, 0.07 g/t gold, and 4.95 g/t silver.
UNV's Poplar Copper Project indicated resource contains over 1.09 billion lbs of copper!
One month ago, UNV completed six drill holes totaling 3,000m at the Poplar Copper Project and sent the core half samples to the lab. The company said it, “anticipates that it will be releasing the assay results from our 3,000-metre six-hole program through January and February 2022. Once the results have been released, the Company will initiate metallurgical testing with material from the six holes later in the first quarter.” The CEO confirmed, “Visible copper was observed in the core at the time it was split, and we are looking forward to releasing the results as they are made available.”
UNV is seeking to expand its Poplar copper mineralization at depth while expanding the limits of its higher-grade copper mineralization. The Poplar Copper Project lies in a historic mining region, located 35km from the Huckleberry Mine and 42km from Equity Silver Mine, where low snowfalls allow year-round work. The road accessible property is bisected by a 138 Kva Hydroelectric line and lies 88km from Houston and 400km from the deep-water port at Prince Rupert by rail.
On September 22nd, UNV increased its land position by completing the acquisition of BA Copper Corporation, which holds 4,631 hectares contiguous to the southwest corner of UNV's Poplar Copper Project. These new claims have increased the size of UNV's Poplar Copper Project to over 61,600 hectares while making the Poplar Copper Project contiguous to Surge Copper (TSXV: SURG)'s copper deposits. SURG has a market cap of $56 million or 10X higher than UNV's market cap of only $5.6 million!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from UNV of USD$100,000 cash for a six-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.