OM:CC - Seamless Permitting Key to Addressing Looming Copper Supply Deficit Says Osisko Metals CEO

2024-01-30 16:00:00 ET

Although there’s a relatively balanced copper market in 2024, a global supply deficit is still anticipated by mid-2025, according to Osisko Metals (TSX:OM) CEO Robert Wares.

While many exploration and mining companies are advancing tier-one assets, the CEO believes projects in the feasibility stage should not be considered future supply because jurisdictional and permitting risks are still a factor.

“It's very nice to have a feasibility. But there are tier-one copper assets out there that have been bogged down in permitting nightmares for 10 years, even in North America,” Wares said.

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