The Financial Post reports in its Wednesday, July 9, edition that Canadian mining magnate Frank Giustra is seeking U.S. projects as President Donald Trump reduces regulations, boosting the outlook for metals like copper and gold. A Bloomberg dispatch to the Post reports that Mr. Giustra, instrumental in developing Endeavour Mining, Goldcorp and Leagold Mining, now has a group of 75 to 80 exploring opportunities in U.S. copper-gold deposits, among others.
Mr. Giustra says: "I haven't nailed one down yet, but yes, we're looking. The U.S. under Trump has finally figured out that they're way behind the eight ball on critical minerals, and they're trying to secure those supply chains." In the U.S., it averages 29 years to go from discovering a copper deposit to starting production. The current administration is using emergency powers to enhance critical mineral production by expediting permits and prioritizing federal land. Mr. Giustra's search for his next mining investments is not limited to the U.S., with only a handful of countries ruled out. Mr. Giustra says: "I love gold. I love copper. I love silver. I love uranium. I'm not that crazy about lithium right now, there's just too much of it."
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