Forte Minerals Corp. (CSE:CUAU, OTCQB:FOMNF) CEO Patrick Elliot remains optimistic about the prospects for the copper market, he told the company’s shareholders in a year-end letter.
“Experts anticipate increased copper demand as global initiatives toward sustainable and renewable energy sources gain momentum. This presents a unique opportunity for Forte Minerals to become a player in the supply chain supporting these green initiatives,” Elliott wrote.
He said that the company’s presence in Peru and experienced team position is to enhance the copper pipeline and support the global green movement.
Despite a challenging market, he noted that the company made significant progress during 2023, including obtaining Environmental Impact Statement (DIA) permits for two out of three properties.
“Securing two key permits is a true testament to our collective efforts and resilience,” he wrote.
“As we look ahead to 2024, we are filled with optimism for the opportunities and advancements that lie before us.”
Forte Minerals is committed to maximizing shareholder value through acquiring, exploring, discovering, and developing copper and gold projects in Peru.