Big Red Mining is a junior Canadian exploration company focused on developing its flagship copper project, the Dobie Lake Copper Property. 169 claims span over 8,600 acres which deliver promising preliminary drill results.
Per the Copper Development Association battery electric vehicles require 183lbs of copper while traditional combustion engine vehicles only require 51lbs of copper. Based on BloombergNEF's forecasting EV sales will be more than 50% of total auto sales by 2040 making copper a vital input for automakers.
IRENA's Renewable Energy Roadmap demands 432,000 tonnes of copper to meet offshore wind installation targets by 2050, a 648% increase from 2020 levels
JPMorgan forecasts that decarbonization efforts will account for more than 40% of overall demand growth and demand increasing from 1.8 million tonnes in 2021 to more than 3 million tonnes by 2025
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