CNRC TO ACQUIRE INTEREST IN COPPER MINING COMPANY
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KCC is a Canadian Company, with growing copper mining and processing operations in the Kingdom of
KCC is led by Scott M. Hand, the Executive Chairman of the Company, with over 49 years of experience in the mining industry. Mr. Hand was the former Chairman and CEO of Inco Limited before its sale to Vale for
Increasing Demand for Copper is in a super cycle. Automakers have been scrambling to secure supplies of key metals like copper that are needed for the production of electric vehicles. Copper has recently been at the forefront of the industry due to its central role in the green energy transition as a key metal and its rapidly dwindling global reserves. Commodity Insights expects the refined and concentrate copper markets to be in deficit in 2027. At a nine-year high in 2022, copper exploration budgets were mostly directed toward mine site exploration and away from generative programs, led by major companies seeking to extend the life and capacity of their producing mines.
A Bill Gates backed mining company is Silicon Valley's newest unicorn, with a recent investment of
The Company is continuing to look at opportunities in the energy transition sector in addition to developing its existing energy assets.
About Houston Natural Resources Corp
Houston Natural Resources Corp. (OTC: HNRC) (www.hnrcholdings.com) is a diversified energy company with oil and gas interests. The Company has recently acquired a
About Cunningham Energy LLC
Cunningham Energy (www.cunninghamenergy.com) is an independent producer of oil and gas based in
About Cunningham Natural Resources Corp
Cunningham Natural Resources Corp (www.cunninghamnaturalresources.com) will be focused on traditional oil and gas opportunities and energy transition materials including mining opportunities in copper, lithium, gold, as well as other precious and rare earth metals. The investment focus will be global with sustainability at the core of the strategy.
FORWARD-LOOKING STATEMENTS:
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties.
Contact:
Cunningham Natural Resources Corporation
500 Virginia Street East, 10th Floor.
Phone: (304) 244-4862
E-mail: info@cunninghamnaturalresources.com
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SOURCE Cunningham Natural Resources Corp
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