For generations, copper has been a fundamental element of the global economy, and its presence in various industries such as construction, electronics and automotive has made it an important commodity. As the demand for copper increases, investors are looking to take advantage of the potential profits that can be made by investing in junior copper stocks on the TSXV, also called the Toronto Stock Exchange Venture Exchange. It is home to a wide variety of stocks that are not listed on the TSX, but offer great potential for growth.
For investors looking to capitalize on the growing market for junior copper stocks, we have comprised a list of the top 5 junior copper stocks that are trading on the TSXV in 2023.
1. Westhaven Ventures Inc.
Westhaven Ventures Inc. is a Canadian-based mineral exploration company that is focused on the acquisition and development of strategic mid-stage copper assets. This junior copper stock is exploring its Shovelnose gold property in the Chilcotin region of British Columbia, which is known for its high copper grades. Westhaven Ventures Inc. is also examining various porphyry copper deposits in Peru.
2. Canadian Nickel Company Inc.
Canadian Nickel Company Inc. is a wholly-owned subsidiary of the Canadian-based, global mining corporation, Teck Resources. This junior copper stock is focused on the exploration and development of nickel-copper sulphide projects in the so-called “Ring of Fire” mining district, located in the James Bay Lowlands of northern Ontario. Canadian Nickel Company Inc. is looking to develop its flagship nickel-copper project, the Madison deposit, into a potential mine.
3. EnerDynamic Hybrid Technologies Corp.
EnerDynamic Hybrid Technologies Corp. is a junior copper stock that is focused on the development and commercialization of advanced renewable energy and energy-efficiency technologies. This stock is building, installing and maintaining small-scale wind energy systems and solar photovoltaic systems. EnerDynamic Hybrid Technologies Corp. is working to become one of the leading hybrid renewable energy firms in the world.
4. Copper Fox Metals Inc.
Copper Fox Metals Inc. is a gold and copper exploration and development company, focused on copper-gold porphyry deposits in British Columbia, Canada. Copper Fox Metals Inc. is advancing its Schaft Creek Copper-Gold-Molybdenum-Silver project, and expects to begin its first phase of exploration in 2023.
5.Size Mining Corp.
Size Mining Corp. is a junior copper stock that has a portfolio of mining assets located in Peru. This stock is principally focused on the exploration and development of its copper, gold, and silver projects, including the Esperanza Copper-Gold Porphyry and the San Rosendo Gold-Silver projects. Size Mining Corp. is also looking to increase its gold production, and is well-positioned to capitalize on future copper-gold opportunities.
These five junior copper stocks are all offering great potential for growth. Investing in these stocks is an excellent way to capitalize on the demand for copper, and to take advantage of their potential for profits. Keep in mind that investing in the stock market involves risk, and you should always do your research to understand the company and its performance before you invest.