- According to the International Energy Agency, global demand for copper from data-center development alone will more than double by 2030.
- Nicola Mining is well-positioned to meet this burgeoning demand through its New Craigmont Copper Project in British Columbia.
- The company owns 100% of the New Craigmont high-grade copper property, which has a rich history of production and significant exploration potential.
As artificial intelligence (“AI”) continues to revolutionize industries, the infrastructure supporting its growth — particularly data centers — has become increasingly reliant on copper due to its superior electrical conductivity. This surge in demand for copper presents significant opportunities for mining companies such as Nicola Mining (TSX.V: NIM) (OTCQB: HUSIF), which is strategically positioned to supply this critical resource.
Copper’s exceptional ability to conduct electricity makes it indispensable in the construction and operation of data centers. These facilities require vast amounts of copper for power distribution, cooling systems and internal wiring. According to the International Energy Agency, global demand for copper from data-center development alone will more than double by 2030 (https://ibn.fm/GIINv), while Goldman Sachs Research estimates that AI will contribute to a 160% rise in data center power demand between 2023 and 2030 (https://ibn.fm/BKG4K). This escalation underscores the necessity for substantial copper supplies to support the electrical infrastructure of these energy-intensive facilities.
Nicola Mining is well-positioned to meet this burgeoning demand through its New Craigmont Copper Project in British Columbia (https://ibn.fm/rwQLm). This wholly owned project encompasses a historic high-grade copper mine with significant exploration potential. The company’s strategic focus on copper aligns with the increasing requirements of data centers, particularly those optimized for AI workloads. Nicola Mining’s commitment to responsible development and operational excellence further enhances its capability to supply high-quality copper to the market.
The New Craigmont Copper Project, located near Merritt, British Columbia, spans more than 10,800 hectares along the southern end of the Guichon Batholith and is adjacent to Canada’s largest open-pit copper mine. Nicola Mining owns 100% of the New Craigmont high-grade copper property, which has a rich history of production and significant exploration potential. The company has been actively conducting drilling programs to assess the property’s resources and expand its mineral inventory.
In addition to its mining operations, Nicola Mining operates the Merritt Mill and Tailings Facility, a 200-tonne-per-day crushing, grinding and flotation mill permitted for custom milling of ore. This facility enables the company to process ore efficiently, ensuring a steady supply of copper concentrate to meet market demands. Furthermore, Nicola Mining’s partnerships with First Nations communities demonstrate its commitment to sustainable and inclusive growth.
Nicola Mining’s strategic initiatives and robust infrastructure position it to capitalize on the increasing demand for copper driven by AI-powered data centers. As the global economy continues to digitize, the company’s assets and partnerships provide a solid foundation for growth and value creation in the evolving technological landscape. With a strong commitment to environmental stewardship and community engagement, Nicola Mining is poised to play a pivotal role in supplying the essential resources needed for the future.
For more information, visit www.NicolaMining.com.
NOTE TO INVESTORS: The latest news and updates relating to HUSIF are available in the company’s newsroom at https://ibn.fm/HUSIF
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