US Copper Corp (TSXV: USCU) (OTCQB: USCUF) has made a significant move by appointing Jean-Pierre Colin as a corporate advisor on January 27, 2025. Colin's role will focus on securing a joint venture partner for the Moonlight-Superior Project located in Northeast California. This project is noteworthy as it contains 2.5 billion indicated pounds and 390 million inferred pounds of copper, ranking it among the top ten largest copper deposits in the United States not controlled by a major mining company. The proximity of the project, situated just 125 miles from Tesla's Gigafactory, further enhances its strategic importance in the context of the U.S. green economy transition.
On January 6, 2025, US Copper announced a Preliminary Economic Assessment (PEA) for the Moonlight-Superior Project, revealing compelling economics with an after-tax net present value (NPV) of approximately US$1.075 billion. This assessment underscores the project's potential to support domestic copper supply, which is crucial for the green energy initiatives currently gaining momentum in the U.S. market.
Jean-Pierre Colin brings over 40 years of mining finance experience to US Copper, having been involved in various green energy initiatives throughout his career. His expertise is expected to be instrumental in navigating the complexities of finding a suitable partner for the Moonlight-Superior Project, which aims to play a pivotal role in the sustainable development of copper resources in California and beyond.