Strike Copper Corp

Strike Copper Corp. (“SCC”) is currently raising $700,000 from a minimum of 150 accredited investors (30 have already invested approximately $534,000) in order to put SCC on a fast track to a public listing on the Canadian Securities Exchange (“CSE”). An Offering Memorandum is currently being prepared to provide non-accredited investors with an opportunity to participate in SCC’s capital raise (subject to meeting regulatory requirements). Funding will be used for working capital and to continue conducting exploration on SCC’s Sungold Property in accordance with the recommendations of our recently prepared NI 43-101 Technical Report.

The Sungold Property
Sungold is a 15,000-acre copper/gold property, directly adjacent to the Moss Lake property in the historically prolific Shebandowan Greenstone Belt. Goldshore Resources Inc. acquired the Moss Lake Property from Wesdome Gold Mines Ltd. in a $57 million transaction that closed on May 31, 2021. Moss Lake has NI-43-101 reported resources of 1.43 million oz Au (indicated) and 2.51 million oz Au (inferred). Most important is that SCC is preparing to conduct exploration for copper at Sungold’s northern border, which is shared with Goldshore and where previous drill holes produced encouraging results.

The Sungold property includes the massive sulphide Wye Lake occurrence and the southeast extension of Wesdome’s Hamlin IOCG (iron oxide-copper-gold-uranium) deposit, which has the potential for Ni-Cu-PGE and Porphyry Cu mineralization. In 2005, backhoe trenching of the Wye Lake Zone intermittently exposed massive, semi-massive and stringer sulphides over an 850-metre strike length contributing to an IPV of approximately $54 million at the time for the then owner of the property (Freewest Resources).

Highlighting the trenching program was the uncovering of massive zinc-copper mineralization at two locales, situated 400 metres apart and on strike with each other. Specifically, assays of up to 27.8 percent  zinc and 0.91 percent copper were obtained at one trench line and up to 29.8 percent zinc and 0.84 percent copper was obtained at another. Other drill holes in the Wye Lake area also provided interesting results, including WL05-08 of 13.75 metres of 0.77 percent Cu and WL05-13 of 12.45 metres of 0.72 percent Cu. At the Hamlin IOCG location, one drill hole (drilled in 2011 by Xstrata Copper Canada) approximately 150 metres from the Sungold claim line next to Goldshore Resources' HAM-11-75, came in at 156.1 metres grading 0.35 percent Cu, 0.015 percent Mo, 2.15 g/t Ag and 0.87 g/t Au.  Another drill hole, in the immediate area, HAM-05-35, had the copper equivalent of 0.68 percent over 49 metres.

Resources
The Sungold Property has the potential for gold, silver and copper resources, with copper representing the most interesting opportunity.  According to the Copper Development Association, 65% of copper demand comes from electrical manufacturing. That means the red metal is in everything—computers, televisions, mobile phones...not to mention the burgeoning electric vehicle (EV) market.  INSIDEEVs report that more than 1.13 million EV’s were sold globally in Q1 2021. At an average of nearly 185 lbs. per EV, that adds up to about 153,800 metric tons of copper in the first quarter of 2021 alone. At that rate, a full year of EV sales (4.5 million EVs) will require about 380,000 metric tons of copper – but EV sales are set to increase to 5 million.

Another huge source of copper demand comes from wind power plants. One windmill can use up to 6.4 metric tons of copper/megawatt. With 44,440 megawatts under construction and in advanced development that adds up to as much as 284,000 metric tons of copper in U.S. wind farms alone. The problem is that (according to Wood Mackenzie) it is forecast that there will be a 10 million tonne copper supply deficit by 2028 and copper is not being discovered fast enough to be mined to meet upcoming demand (see: https://www.visualcapitalist.com/the-looming-copper-supply-crunch/ ).

Capital Structure
SCC’ share structure has been designed to incentivize the founders and management to grow the company's assets through development and expansion over the medium to long term.  As at June 30, 2021, the company had 16,245,000 common shares outstanding distributed as follows:

Warrants Outstanding:                                      4,245,000
Shares Fully Diluted:                                         20,490,000
Term Debt:                                                                                 Nil
Cash Raised to Date:                                             $534,000

Management and Advisory Team
SCC’s governance includes highly experienced and successful resource exploration, finance and operating professionals. The management and exploration team includes:

Charles J. Elbourne, B.Comm, MBA – President, CEO and Director
Charles has over 45 years of experience in the investment industry, including 25 years of involvement in mineral exploration and mining and is currently affiliated with Echo Ridge Resources Inc., Interbanc Capital Corp., Parklane Securities Ltd. and Tashota Resources Inc. Charles has demonstrated considerable expertise in (a) identifying and negotiating the rights to exploration properties, including the properties optioned by TRI; and (b) assembling management and operational teams, including geological and mining experts. Charles started his career in the investment industry at Nesbitt Thompson Securities Ltd., Subsequently, he spent 12 years as a Director and Resident Sales Manager of Deacon Hodgson, a national brokerage firm, and four years with Burns Fry, Yorkton and St. Lawrence Securities. Upon resigning from St. Lawrence Securities, Charles established his own financial planning firm, Tax Advantages Inc. (a registered mutual fund dealer), C. J. Elbourne Securities Inc. (a licensed Securities Dealer). Charles holds a B.Comm degree, a Diploma in Management Sciences and an MBA, all from the University of Ottawa.

Jon Li – Chief Financial Officer
Jon Li brings more than 20 years of finance experience with a specialty in mining, technology and the financial service industry. As the Vice President of WD Numeric, a full-service accounting firm that provides financial and support services for both public and private companies, Jon leads ongoing process improvement efforts, conducts quality control reviews of client files, and provides CFO services to a portfolio of clients. Prior to WD Numeric, Jon was the Financial Controller at Strategic Pricing Management Group (SPMG) and was responsible for managing all financial activities of the company including set-up and maintenance of general ledger accounting system, budgeting, forecasting, cash management and financial reporting. Jon is a CPA (US & Canada) and holds an MBA with a concentration in accounting.

Russell Kwiatkowski, BSc, MBA – Director
Russell has been an avid and successful gold prospector and mineral exploration property optionor in Thunder Bay, Ontario during the past 45 years. Along with his son Derrick, Russell received the prestigious 2004 Discovery of the Year Award from the Northwestern Ontario Prospectors Association for the Larose Project located 100 km west of the city of Thunder Bay, Ontario, Canada. In 2015, Russell was the recipient of the Lifetime Achievement Award for his outstanding work and continuous dedication to prospecting in Northwestern Ontario.

Ikram A. Osmani, MSc., P.Geo – Director
Ikram (Ike) has 35 years of experience in field-based mineral exploration (for a variety of mineral commodities in diverse geological settings) as well as resource development and research encompassing geological mapping, geophysical data interpretation, diamond drill program supervision, core logging, field project planning and supervision and preparation of NI 43-101 technical reports as a Qualified Person (“QP”). Ike also has five years of corporate experience including running publicly-traded junior resource companies in executive capacities. Ike’s accomplishments include the development of a NI 43-101 compliant gold resource of approximately one million ounces (Indicated and Inferred) in less than two years in the Shebandowan greenstone belt in Northwestern Ontario and the discovery of significant Titanium-Vanadium mineralization while exploring and developing a magmatic Ni-Cu-PGM deposit approximately 75 km west of the “Ring of Fire” also in Northern Ontario.

Paul Cooper – Director

Paul is an active investor in mining projects, including Tashota Resources Inc., Trojan Gold Inc. (both related companies of SCC) and others. Since 1991, Paul has been providing landscape & design, excavation and environmental remediation services and since 2007, he has been providing property management, condominium development services, insurance restoration and exterior building renovations all in Alberta. Prior to his private sector activities, Paul was an Executive Assistant to the Minister of Health for Newfoundland and Labrador. 

Rudolf Wahl - Advisor
For the past 24 years, Rudy has been searching for new mineral discoveries, which include significant new findings in the Thunder Bay South District, which includes the Marathon–Hemlo Mining Camp. His efforts have resulted in diamond discoveries in 2008, several significant gold occurrences, the discovery of a large Para Lamproite site in 2012 and, over the past 3 years, the discovery of 17 new rare earth occurrences, two uranium occurrences, two new Niobium P205 occurrences. In April 2020, Rudy received PDAC’s prestigious 2020 Bill Dennis Award, which honours those who have made a significant mineral discovery or made an important contribution to the prospecting and/or exploration industry.

Rodney Barber - Advisor
Rodney is a senior geologist with extensive experience in exploration and production. He was most recently employed as the Geology Superintendent for the Barrick’s Williams Mine at Hemlo, Ontario (2010-2018), a position he reached after joining the company in 2001 as a Mine Geologist and rising through the ranks to Senior Production Mine Geologist (2003), Senior Resource Geologist (2006) and Chief Geologist in 2008.

Gerry D. White, P.Geo., B.Sc. - Advisor
For the past 37 years, Gerry has worked extensively with multiple exploration and mining organizations, including Taiga Consultants Limited, Pan Ocean Limited/Abermin Corporation, Pacific Petroleums Limited, the Saskatchewan Mining and Development Corporation and the Ontario Geological Survey (OGS). Gerry has authored and co-authored various reports on natural resources, including reports on the Beardmore-Geraldton Gold Camp area. Gerry has also dealt with numerous First Nation issues and provided ongoing consultations in this arena. His working knowledge of the Mining Act has been used to advise exploration clients on staking regulations, assessment work requirements and advanced exploration issues. Gerry is an active member of the Association of Professional Geoscientists of Ontario and holds a Bachelor of Science (Geology) degree from the University of Manitoba

Colin Bowdidge, Ph.D., P.Geo. - Advisor

Colin has worked in mineral exploration for 34 years.  After working for major mining companies for five years, Colin became a consulting geologist in 1974.  With a thorough knowledge of applied geology as it relates to mineral exploration, Colin also has extensive hands-on experience in modern geophysical and geochemical exploration techniques. Colin was instrumental in the discovery of the Olden Wollastonite deposit in southeast Ontario in 1986, which contains a measured resource of 2.5 million tonnes grading 29% high aspect-ratio wollastonite with an estimated gross value of $1-2 billion dollars.  Colin has served as a director and/or officer of several publicly traded mining and exploration companies. Colin received an M.A. degree in mineralogy and petrology from the University of Cambridge and a Ph.D. in geology from the University of Edinburgh.