Demand for copper is forecast to be strong over the medium to long-term due to population growth, urbanization, electrification and potentially new demand related to an increasing uptake of electric vehicles, electrical vehicle infrastructure, and renewable energy technologies.

On the supply side, a deficit is forecast in the coming years due to declining production, an absence of new mines coming on stream, the deteriorating quality of new resources and a lack of large-scale exploration successes to replace depleting existing copper reserves.

Blue Sun's management team believes the CDA Mine has the potential to become one of the most significant open-pit copper oxide deposits discovered in Mexico in recent times, and as it advances towards development the Project will benefit from these positive supply fundamentals.