Base metals focused company, Osisko Metals (TSXV:OM) is moving into feasibility for 2 projects.
The company’s CEO, Robert Wares spoke with Brieanna McCutcheon at PDAC 2022 about the Pine Point project, an assemblage of more than 50 open-pit and underground mines containing as much as 7b lb of lead and zinc proposed to be developed in the Northwest Territories.
He also touched on the Gaspé Copper Project, located in the Gaspé Peninsula of Quebec, which boasts a 3b lb resource. Both projects early stage and moving to permitting next year, with samples available on the company’s website for both projects to highlight.
He also spoke to the challenges of the development stages of his company as it navigates a Preliminary Economic Assessment (PEA). This leads to a significant opportunity however, as these projects could make Osisko Metals among the most prominent base metal operations in Canada. Wares believes both projects will become mines in full production.
With a bullish outlook on base metals and strong spot prices due to supply deficits, zinc and copper have a strong future, especially where the electric vehicle (EV) market is concerned. EVs need 10x more copper than conventional vehicle, and they need to be galvanized, which is bullish for zinc.