Green Bridge Metals Eyes Serpentine Copper-Nickel Project in Minnesota

Vancouver's Green Bridge Metals Corporation has entered a Letter of Intent (LOI) with Encampment Minerals, Inc. to option the Serpentine Project in Minnesota's Duluth Complex. The LOI aligns with recent governmental initiatives to boost American mineral production. The Serpentine Project contains a historical resource estimate of 277Mt at 0.37% copper and 0.12% nickel.

Under the LOI, Green Bridge can potentially secure a 70% interest by issuing $6 million in shares and investing $25 million in project expenditures. CEO David Suda highlights the strategic fit of this project with Green Bridge's copper-nickel pursuits since 2022.

Located near key infrastructure, the project is expected to benefit from favorable logistics and U.S. policy support. However, the resource estimates remain historical. Independent verification is required to ensure compliance with current industry standards.