Heatherdale Resources Primed To Benefit From Electrification Of U.S. Economy
The incoming U.S. President Joe Biden administration is set to launch one of the largest investing opportunities in a generation. Biden's proposed $2 trillion "Green New Deal" to electrify the American economy will drive a massive windfall for suppliers of clean energy firms.
Electrical vehicle manufacturing and the rebuilding of the U.S. power grid are both heavily dependent on one product: copper. According to Reuters, late in the presidential campaign Biden's team told miners that it would support "boosting domestic production of metals used to make electric vehicles, solar panels and other products crucial to his climate plan."
Plus, as the Wall Street Journal reported yesterday, metals prices are soaring with "prices for copper (having) risen to their highest level in almost eight years."
For a company like Heatherdale Resources (TSXV:HTR), all of this could be a gamechanger.
Heatherdale has a one of the few U.S. underground copper projects in advanced-stage development in Alaska. Sweetening the opportunity, CEO Rob McLeod has secured a $125M USD loan facility from the Alaskan state government to help put the mine into production. There has been over $80M of historical development work on the property, and yet Heatherdale's market cap is hovering around $25M.
McLeod is a third generation mining entrepreneur and no stranger to delivering value to shareholders. He previously was a founder and VP of exploration of Underworld Resources purchased by Kinross for $140M. He was a director of Lithium X Energy from its inception to a $265M takeout by a Chinese firm.
My interview with McLeod touches on how he sees Heatherdale fitting into Biden's "New Green Deal", how he found the Alaska copper opportunity, and the launch of the company's new drill program.
Heatherdale Resources Management has reviewed and sponsored this communication. The information in this communication does not constitute an offer to sell or a solicitation of an offer to buy any securities of a corporation or entity, including Heatherdale Resources. Jonathan Roth is not an investment advisor. He owns securities of Heatherdale Resources at the time of publication. Read Heatherdale Resources SEDAR profile for important risk disclosures. Always do your own due diligence and consult an investment advisor prior to making investment decisions.