Kraken Project Aims to Fill Copper Supply Gap

Copper prices have reached nearly $14,500 per ton, up by almost 50% year-over-year, due to short-term concerns about US tariffs and disruptions at major mines.

The International Energy Agency (IEA) reports that average grades among operating mines have declined by 40% since 1991 to around 0.6%, with many developing projects registering as low as 0.39%.

This trend is expected to increase capital intensity for copper projects, which can take up to 18 years from discovery to production.

Despite these challenges, Viridian Metals (CSE: VRDN; OTCQB: VIRMF) is an attractive investment opportunity in the copper market. The company's flagship Kraken Project has yielded drill intercepts of up to 4.1% copper and has a large land package with significant potential for future growth.

The project also benefits from its location in Newfoundland and Labrador, which ranks #7 in the Fraser Institute's 2025 Survey of Mining Companies, and a leadership team with high insider ownership and extensive experience in exploration, capital markets, and business development.