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**METALS Investors!** 🦍🦍 YOU Only Need to Know THIS About Copper! - (Big Update with Canterra CEO)

September 17, 2026

AI Summary

5 min read

Copper prices have moved from a long-term range of $2–$3 per pound to over $6.50, and the industry is still scrambling to catch up. Chris Penempede, CEO of Canterra Minerals, explains that after 15 years of what he calls "nuclear winter" in exploration funding following 2008, the market is now facing a supply crunch driven by electrification, data centers, and AI demand. The easy deposits in South America and the western U.S. are aging, and new discoveries are rare. Against this backdrop, Penempede argues that the real bottleneck isn't just price—it's the time and cost of finding new copper, and the jurisdiction where you look matters enormously.

Why copper is hard to find and slow to develop

The conversation opens with a structural problem: copper deposits are becoming exponentially more difficult to locate. Penempede notes that over his 20-year career, the prevailing view was always that a supply crunch was coming because "we're not discovering new big deposits like we did in the 80s, 90s, and early oughts." That predicted crunch has now arrived, accelerated by demand from electric vehicles, data centers, and AI. But the supply side cannot respond quickly. Even when a deposit is found, bringing a mine online in Canada or the U.S. typically takes 10 to 20 years from discovery to commercial production.

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What you'll learn

  • 1 (01:58) **Copper Supply Crunch: The Core Thesis** - Chris explains why copper is moving from $2-3/lb to nearly $7, driven by a 15-20 year exploration drought and surging demand from electrification, EVs, data centers, and AI.
  • 2 (03:46) **Why Finding Copper is Harder Than Ever** - Chris confirms that all the "easy copper" has been mined, and explores the structural challenges of discovering new deposits.
  • 3 (05:55) **The Newfoundland Advantage: Speed & Infrastructure** - Chris pivots to why the "Rock" is a standout jurisdiction, highlighting the unprecedented speed from discovery to production.
  • 4 (08:06) **The "Rock's" Workforce & Drill Density** - Chris explains the human capital advantage that makes Newfoundland efficient for exploration.
  • 5 (09:23) **Canterra's Strategy: Consolidating the Buchans District** - Chris describes how Canterra assembled all the past mines and satellite deposits in central Newfoundland into one company for the first time.
  • 6 (12:04) **Visual Proof: The Rising Cost of Discovery** - Chris shares a slide showing the cost of finding a ton of copper by decade, which has absolutely skyrocketed.
  • 7 (14:31) **The "Firefly" Comp: A Blueprint for Value Creation** - Chris draws a direct comparison to a peer trading at a vastly higher valuation.

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Show Notes

In today’s exciting episode, we sit down with Chris Pennimpede, CEO of Canterra Minerals, to gain exclusive insights into the rapidly evolving copper market. We dive deep into the strategic advantages and growing benefits of mining in Newfoundland, exploring why this region continues to be a hotbed for resource development. Plus, Chris walks us through Canterra's recent drill results and highlights how these key findings will pave the way for an upcoming Mineral Resource Estimate (MRE) update. Tune in to discover what’s next for the company and where the critical minerals sector is headed! This video is a paid promotion and was sponsored by Canterra Minerals. The information in this video is being disseminated on behalf of Canterra Minerals. Canterra Minerals website:https://canterraminerals.com/TSXV: CTM / OTCQB: CTMCFI am not a financial advisor and any information shared in this video should not be construed as investment advice or a recommendation to buy or sell the company stock (informational purposes only).SILVER and GOLDhttps://www.youtube.com/playlist?list=PLpCsTbtWwMeruS1YlOoWey5wzIFwiofGs ➡️ BUY Silver from FIRST MINT:🚨 DISCOUNT Code: VIPRB 🚨https://firstmint.com/ "From Mine to Mint"🔴 Learn MORE about First Mining Gold:https://firstmininggold.com/or contact [email protected] BUY DirtyMan SAFE ✅ https://www.dirtymansafe.com/ 🔥 Use discount code: RON10 for 10% off 🔥 🔥 Or use this DirtyMan link: https://affiliates.dirtymansafe.com/ronsbasement for 10% off and a free gift 🔥 👍DONATE to HOPE WALKS:https://hopewalks.org/Mailing Address: RONS BASEMENT LLC 36 FOUR SEASONS SHOPPING CTR Stall #117 CHESTERFIELD, MO 63017 CONTACTS: [email protected] ⭐FOLLOW ON 𝕏 (Formerly Twitter)⭐: https://twitter.com/BasementRon ⭐LISTEN ON SPOTIFY⭐: https://open.spotify.com/show/3AcS5O5y8GrnBEdsL92VTI⭐LISTEN ON APPLE PODCAST⭐: https://podcasts.apple.com/us/podcast/silver-gold-investing-global-economics/id1741078463⭐FOLLOW ON RUMBLE:⭐: https://rumble.com/user/RONSBASEMENT🌟You Can Donate To RONS BASEMENT: https://www.paypal.me/RONSBASEMENT THANK YOU! RONS BASEMENT LLC is sponsored by First Mint and is a proud owner of several of their outstanding silver minted products. Ron is sponsored by First Mining Gold and has owned the stock for over 3 years. Any information shared in this video should not be construed as investment advice or a recommendation to buy or sell any company stock, meme coin or any other investment product (informational purposes only). Ron may receive compensation from affiliate links and discount codes provided. ***Informational purposes only. Do not buy or sell anything, make any type of investment decision, adopt a puppy, get engaged, or do anything based upon the information I share with you.***

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