u/ColeVerrin

NovaRed Mining (CSE: NRED / OTCQB: NREDF) can look complicated at first, but the basic idea is actually pretty simple.

The company controls Wilmac, which is a large land package of about 39,700 acres, or roughly 62 square miles, in British Columbia. It is also located about 6 miles west of Copper Mountain Mine, which is already producing copper.

That means it is not an isolated project. It is inside an active mining region.

At North Lamont, they collected 43 soil samples, spaced about 115 to 130 feet apart, and found copper values up to 379 ppm, with a consistent cluster around 209 ppm. This helps define where future exploration work should focus.

Next step is geophysics, called IP and AMT surveys, which help see underground structures.

They also brought in Gregory Fedun, who has 30+ years of experience in mining and finance, and they are developing MetalCore, an AI mineral screening tool.

The stock already moved a lot over the past year, but the catalyst stack we see now is suggesting another leg up coming shortly (Imo)

Not advice.

The interesting part about the Gregory Fedun appointment isn’t hype.

It’s what his background implies.

He has experience across:

• mining
• energy
• project commercialization
• financing structures
• strategic partnerships
• international resource deals

Plus connections in the Middle East and UAE capital circles.

That’s unusual for a junior explorer this size.

At the same time, the copper backdrop keeps improving:

1. copper hit a 3-month high
2. Grasberg recovery shifted toward 2028
3. inventories are declining again
4. open interest on COMEX is rising

The market is starting to care a lot more about future copper supply.

And projects in stable North American jurisdictions suddenly matter more.

Wilmac being in BC near Copper Mountain gives investors a story they can understand quickly.

Nobody knows how big the project becomes.

But adding someone with transaction and institutional experience during a strengthening copper cycle feels intentional to me.

Could be early preparation for bigger conversations later if exploration progresses well.

NFA

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[ Removed by Reddit on account of violating the content policy. ]

[ Removed by Reddit on account of violating the content policy. ]

One thing that feels different in this cycle compared to previous ones is how copper is being talked about. It’s no longer just an industrial commodity. It’s increasingly being framed as a national security issue.

There was a U.S. House hearing literally focused on copper supply chains, permitting, and domestic production. That alone tells you something has shifted. Governments don’t hold hearings on something unless it’s strategically important.

Now connect that to what’s happening on the supply side. Shanghai Metals Market is estimating a 317,000 tonne copper concentrate deficit in 2026. Not refined copper, not inventories - actual mine supply. And they’re saying it may not ease until around 2029.

So we’ve got three things happening at once:

1. Structural supply tightness at the mine level
2. Governments treating copper as a critical material
3. Prices holding near ~$5.9/lb with expectations toward ~$6.1/lb

That combination is exactly what tends to re-rate exploration companies over time.

Why? Because if copper becomes a security issue, then future supply matters more than current production. And who controls future supply? Exploration companies sitting on large land packages in safe jurisdictions.

NRED fits that profile pretty cleanly. It’s a BC-based Cu-Au porphyry exploration play with over 11,000 hectares. It’s early stage, yes, but that’s also where the leverage is.

The interesting part is that the market is still valuing it like a typical early-stage explorer, around ~$37M USD EV. That’s basically saying “we acknowledge the land, but we’re not pricing a discovery yet.”

But in a world where copper supply is discussed at the government level, that kind of asset starts to look different. It’s no longer just optionality. It’s potential future strategic supply.

And historically, when narratives shift from “commodity cycle” to “strategic resource,” capital tends to flow differently. Multiples expand, timelines compress, and interest broadens beyond just mining investors.

So the question I keep coming back to is simple:
If copper is truly becoming a security metal, how long does the market keep pricing early-stage copper assets like it’s still 2015?

Curious how others see it.

One of the most useful real-world case studies right now is Spain.

After a major grid disruption, the country saw:
→ +589% growth in BESS capacity in a single year

That’s not a projection. That’s actual installed capacity growth.

Now compare that to the U.S. baseline.

• ~130 million electricity customers
• average 11 hours of outages per year
• total: ~1.43 billion outage-hours annually

That’s an enormous amount of disruption already happening.

If you try to quantify the economic impact:

Even a rough estimate of $2–5 per kWh outage cost
across industrial + commercial users
puts total annual losses in the range of:
→ $50B to $200B per year

Now look at the current U.S. BESS market:
→ roughly $8–10B annually

If a major grid event triggered adoption similar to Spain:
→ scaling by even a fraction of +589% implies a market potentially expanding toward:
$40B–50B+ range

Now bring that back to NXXT.

They’re already working on:

• California projects (COD late 2026)
• microgrid + storage integrations
• a pipeline tied to distributed energy systems

And importantly:
they’re not entering after the demand spike, they’re already positioned before it.

If storage demand accelerates, early installations become reference projects.

That matters because infrastructure markets often follow a pattern:
first deployments → validation → rapid scaling

The Spain example shows how quickly that scaling phase can happen.

And the U.S. grid is operating at a much larger scale, so the absolute numbers are significantly bigger.