VANCOUVER, BC, Jan. 2, 2025
/CNW/ - Libero Copper & Gold Corporation (TSXV: LBC) (OTCQB:
LBCMF) ("Libero Copper" or the "Company") is pleased
to share a letter from President & CEO Ian Harris, highlighting the Company's 2024
achievements and outlining its vision for 2025.
Dear Fellow Shareholders,
When 2024 began, Libero Copper was already built on two solid
pillars: our unique experience advancing large-scale copper
projects and the tremendous Mocoa asset—one of the largest
undeveloped copper-molybdenum deposits in the world. But we were
still missing a third leg to truly stand out in a challenging
market. That missing piece came when Frank
Giustra and the Fiore Group recognized our potential,
providing the strategic sponsorship we needed to propel Libero
Copper to the next level. This sponsorship was a resounding
endorsement of the work we have been doing to make Mocoa a
reality.
Before sharing where we are today—and why 2025 will be so
important—I want to offer a bit more color on what makes us
different. Having worked on some of the largest copper projects
globally, and seeing firsthand the lessons learned at places like
Mirador and Cobre Panama, our team knows that most copper projects
never make it to production. Meaningful local partnerships—founded
on respect, responsibility, and a willingness to do things
differently—help us avoid that fate.
One key difference at Libero Copper is how we have empowered our
employees, the majority of whom come from the communities around
Mocoa. This approach has led to stories close to my heart, like the
locally produced safety boots and the head-of-household women who
sew all our uniforms—now up to 30 women supplying, not just Libero
Copper, but now other industries as well. Each success reflects a
true collaboration, not a top-down program, and I've seen how it
resonates far more deeply than any corporate social responsibility
checklist.
Yet there is an even fresher example that perfectly illustrates
the environment we have created. On a recent site visit, we met
with community leaders in Montclair, the closest township to our
project. They proudly showed us a new walking bridge—a dream for
decades, and now completed thanks to joint design, permitting, and
construction efforts. Afterward, they led us to their sugarcane
facility, where they produce traditional Colombian panela. With big
smiles, they handed us energy bars made from panela and said,
"These bars are for the climb. It is a tough journey and we want to
ensure everyone has the strength they need."
That moment captured exactly why I believe in our values-driven
strategy. Montclair's people feel part of the project. They see the
bridge and the energy bars as their ideas, their work, and their
pride. That sense of ownership is precisely what will carry Mocoa
forward where other large-scale projects have failed to gain
traction. For me, it reaffirms that a strategy grounded in genuine
partnerships is essential if we want to unlock the full potential
of a deposit this size.
Throughout 2024, we have taken these relationships and turned
them into tangible project progress. Locally, we've strengthened
our credibility so much that Mocoa is now "their" project, not just
ours. Regionally, officials recognize that we do things
differently, listening first and following through on commitments.
Nationally, we were honored in August as one of Colombia's top exploration companies, and the
reclassification of the forestry reserve—a major de-risking
milestone—demonstrated the political will we have built for Mocoa's
success. By reinforcing our local strength and national reputation,
we protect Mocoa's path forward from shifting political dynamics,
building the will essential for any large-scale copper project. In
other words, 2024 was about laying firm foundations. Now, in 2025,
we finally get to see the payoff.
We have already drilled Hole MD-44 and Hole MD-45 is in
progress. These are just the start of a 14,000-meter (and
potentially larger) campaign aimed at demonstrating how truly vast
Mocoa can become. We are talking about adding to an already
substantial resource—with an internal goal of surpassing the
billion-tonne threshold to place Mocoa in a class with the top
global copper deposits. With support from Frank Giustra and the Fiore Group, and with our
in-house expertise, we expect 2025 to be a year that puts Libero
Copper on the radar of any investor interested in a strong copper
story.
To each of you who have supported and believed in Mocoa, thank
you. Your confidence in our team, strategy, and ability to break
the mold has enabled us to build something truly special. With
every meter drilled and every community milestone reached, we move
closer to unlocking the full potential of this remarkable deposit.
I'm confident that 2025 will be a year of transformative news flow
and value creation. Together, we have the vision, the asset, and
the backing to make Libero Copper one of the standout copper
stories of this decade. I cannot wait to show you what's next.
Digital Marketing Service Agreement
The Company further reports that it has entered into an
agreement with Machai Capital Inc. ("Machai") dated
January 1, 2025, pursuant to which
Machai will provide a digital marketing campaign (the "Machai
Agreement"). The term of the Machai Agreement is for three
months for a total retainer of $252,000, to be paid upfront.
Under the Machai Agreement, Machai will execute a comprehensive
digital media marketing campaign for the Company commencing in
January 2025 including branding and
content creation, data optimization services including search
engine optimization, search engine marketing, lead generation,
digital marketing, social media marketing, email marketing, and
brand marketing.
Machai is a marketing, advertising, and public awareness firm
based out of Vancouver, British
Columbia, specializing in advertising and public awareness
in the metals & mining, technology, and special situation
sectors. Machai and its principal currently hold 75,000 warrants
exercisable at $0.50 until
March 11, 2027.
The payment described herein will come from the Company's
general working capital account. Other than as discussed herein,
Machai does not have any interest, directly or indirectly, in the
Company or any right or intent to acquire such an interest. Machai
is arm's length to the Company and the Machai Agreement remains
subject to the approval of the TSX Venture Exchange.
About Libero Copper
Libero Copper is led by a team with rare
experience—having advanced projects from post-resource discovery to
the path of construction, including some of the few large copper
projects built in the last 20 years. This real-world expertise
drives Libero Copper's focus on relationships, responsibility,
trust, and a relentless commitment to sustainable progress.
At the core of Libero Copper's portfolio is
the Mocoa copper-molybdenum porphyry deposit in Putumayo,
Colombia. Mocoa stands as a
cornerstone asset with immense potential for expansion.
Now, with the Fiore Group's bold company-building
vision behind it, Libero Copper is uniquely positioned to fill a
crucial gap in the copper industry—advancing large-scale projects
toward construction. Through this approach, Libero Copper is
committed to creating lasting value for all stakeholders while
positioning itself at the forefront of meeting the growing global
demand for copper—the metal driving progress in the modern
economy.
This news release contains certain statements which
constitute forward-looking statements or information under
applicable Canadian securities laws, including statements relating
to the expected drilling campaign and the results thereof, TSX
Venture Exchange approval of the Machai Agreement, the services
expected to be received by the Company in connection with the
Machai Agreement, and the further business plans of the Company.
Such forward-looking statements are subject to numerous known and
unknown risks, uncertainties and other factors, some of which are
beyond the Company's control, which could cause actual results or
events to differ materially from those stated, anticipated or
implied in the forward-looking statements. Although the Company
believes that the forward-looking statements in this news release
are reasonable, they are based on factors and assumptions, based on
currently available information, concerning future events, which
may prove to be inaccurate. As such, readers are cautioned not to
place undue reliance on the forward-looking statements, as no
assurance can be provided as to future plans, operations, results,
levels of activity or achievements. The forward-looking statements
contained in this news release are made as of the date of this news
release and, except as required by applicable law, the Company does
not undertake any obligation to publicly update or to revise any of
the forward-looking statements, whether as a result of new
information, future events or otherwise.
SOURCE Libero Copper & Gold Corporation
