Construction of northern Michigan copper mine could kick off in 2024 – by Ian Ross (Northern Ontario Business – December 5, 2023)

Highland Copper hopes to hit mine production in the Keweenaw Peninsula at peak copper demand

Copper is known as the metal of electrification. Highland Copper holds ample reserves in a historic mining district in Michigan’s Upper Peninsula that could address a looming supply shortage of the metal that’s used in electric vehicles and alternative sources of power.

With two multi-billion-pound copper projects located at the base of the Keweenaw Peninsula, CEO Barry O’Shea said his Quebec and Michigan-based company could be stepping into project funding and a construction decision by 2024 to start a three-year build.

Located in Michigan’s ‘Copper Country,’ O’Shea said since they have pocketed all the necessary state permits, they can start construction of its proposed underground Copperwood Mine. It’s just a matter of securing funding for the US$425-million endeavour.

Copperwood is the smaller of its two projects, but it is one of the few fully permitted copper projects in the U.S. The 3.7-billion-pound indicated resource has an initial 11-year mine life with legs to last longer based on more resources that have yet to be proved up.

For the rest of this article: