On the podcast this week we spoke with Mark Vanry, who is CEO of Wedgemount Resources (CSE:WDGY), a recently listed Canadian copper explorer. The company is exploring for copper at a time when there is unprecedented investor interest in the copper price, which looks set to push beyond historic highs.
Wedgemount Resources was founded in the autumn of 2020 and listed in May of this year. It is an exploration company, with its technical expertise firmly embedded on the geological side. It is currently focused on three projects in British Columbia, all of which represent copper and gold targets that were explored historically, sometimes more than 50 years ago, but which have not been subjected to scrutiny using modern technology.
Experienced and highly qualified technical team
The company has an experienced and highly qualified technical team. All of its assets are in a jurisdiction with the rule of law, clean land title and also in a very prolific copper-gold porphyry belt. It has three projects, all of which it is going to be exploring this year and the capital to fully investigate all of them. As Vanry says on the podcast, if Wedgemount is successful on any of those projects, there are very large, global copper companies that would be seriously interested in them.
Vanry tells us on the podcast about the company’s local and technical advantages when it comes to finding the right prospects. “It’s not like anyone can just come in, pick up these assets, form the relationships and do deals,” Vanry says. Much of this boils down to the highly experienced team that is behind Wedgemount Resources and we go into some detail on the personnel, both on the geological and corporate finance side.
Vanry calls this a ‘portfolio approach’ which de-risks the company. We talk about all three of Wedgemount’s current assets, which it is focusing on this summer. This includes its Red claim – now called Cookie – which Wedgemount has recently extended significantly. It gives Vanry and his team “a really, really large target,” in his words.
The podcast discusses how Wedgemount goes about selecting assets and the rationale for each of the three properties the company is looking at. Each has significant differentiating factors, including weather and local infrastructure.
Proximity to prolific copper production
The projects are partly being selected because of their proximity to already prolific copper production in British Columbia, and their location in the province’s most productive copper belt.
We discuss the planned drilling program for Wedgemount, going into the autumn/fall and next year. Vanry goes into some detail on what investors can expect in terms of drilling, sampling and lab results. The news flow from the projects is expected to be non-stop throughout the course of the summer, creating potential catalysts for share price appreciation.
Finally we also get Vanry to talk a little bit about the impact of the rising price of copper on the Canadian junior mining sector, the increased interest in the market from global copper majors, and how that is influencing M&A activity in the Canadian sector.
Wedgemount Resources is a very economic way to pick up claims in a very hot area of exploration at the moment. More information is available at Wedgemount Resources.
