Categories ESG

Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Dedicated to Exploration of Copper as ‘Commodity for the Future’

  • Copper is projected to become even more important as the transition away from fossil fuels and toward renewable energy gains steam.
  • Benefits of investing in copper include price appreciation, portfolio diversification and inflation hedging.
  • Aston Bay is focused on exploring for high-grade critical and precious metal deposits in both Canada and the United States.

Precious metals have long been investments worth considering, and as renewable energy becomes increasingly important in today’s world, metals connected to that sector will become more essential as well. Aston Bay Holdings (TSX.V: BAY) (OTCQB: ATBDF), a publicly traded mineral exploration company exploring for high-grade critical and precious metal deposits, is focused on becoming a leading player in that space.

“After thousands of years of use, copper continues to play a key role in the global economy and human development,” reported CNN Underscored earlier this year (https://ibn.fm/GtJ48). “That will become even more true as the energy transition away from fossil fuels and toward renewable energy gains steam.”

The report noted that Jason Crawshaw, portfolio manager with investment firm Polaris Capital Management, observed that “copper really is the commodity for the future and particularly for the future of electrification.”

The report provided pros and cons of investing in the red metal, including price appreciation, portfolio diversification and inflation hedging. “The long-term demand side of the equation for copper is a key benefit,” the article noted. “Supply shortages are expected to develop that will likely push copper’s price higher over the long term.

“Copper can also diversify a portfolio by providing an investment that will track higher when the economy is doing well, or expected to do well,” the report continued. “Investors who buy copper slightly ahead of an economic upswing can potentially start making money even while more defensive assets like utilities are still outperforming.”

Finally, the report noted that because copper “tends to do well along with the economy, it can serve as an inflation hedge by providing a cushion against rising prices for consumer goods, which could otherwise eat away at spending power.”

These are among the benefits that Aston Bay is eyeing as it focuses on exploring for high-grade critical and precious metal deposits in both Canada and the United States. The company is aggressively advancing the high-grade Storm Copper Project in Nunavut, Canada, toward development with partner American West Metals. The company is free carried for all expenditures at the project until decision to mine. Aston Bay is looking to replicate the success of Storm with its Epworth Copper Project, also located in Nunavut, where surface samples have yielded up to 61% copper with 5600 g/t silver as well as cobalt, zinc, gold. The company is also exploring the high-grade (up to 62.51 g/t Au) Buckingham Gold Vein and critical metals prospects in central Virginia.

For more information, visit AstonBayHoldings.com.

NOTE TO INVESTORS: The latest news and updates relating to ATBHF are available in the company’s newsroom at https://ibn.fm/ATBHF

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Christian Amiscua

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Christian Amiscua

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