Craig Parry

The Biggest Mining Boom Has Barely Started | Craig Parry - Inventa Capital

• Top takeaway Argues the sector is at the earliest stage of what he calls the biggest mining boom ever, comparing mid-2026 to 2006-2007 before the 2008-2009 parabolic phase, with US institutional and hedge-fund money still to return and drive the real gains.
• Predicts copper reaches $30 per pound within 5-10 years: the market needs about 8-9 million tonnes of incremental supply by 2035 — roughly 70-80 new 100,000-tonne-per-year mines at about $3 billion and up to 20 years each — and he sees no supply response coming.
• Says his group raised about $1.5 billion across its companies in the six months to July 2026 — including $1 billion at Skeena, $300 million US at Vizsla Silver and $50 million at Vizsla Copper — while noting that half of global equity trading is passive and US institutional buyers have not yet arrived.
• Is skeptical that any supply response is coming: he estimates he has reviewed more than 5,000 copper projects over the past 10 years and high-grade, buildable ones are extremely rare, while expansions at the big mines would cost on the order of $20 billion each.
• Describes Vizsla Copper as his day job and passion project with $8 million of his own money invested, and expects AI and data-center demand — plus direct project investment interest from Silicon Valley figures — to tighten the copper market further.

Craig Parry argues the junior mining bull market is just starting, comparing today's setup to 2006-2007 before that cycle went parabolic. Roughly $1.5 billion was raised across Parry's companies in six months, showing access to capital has reopened for junior miners. Parry sees copper reaching $30 per pound within five to ten years as demand growth outruns a near-total lack of new supply. Vizsla Copper enters its most important stretch: four rigs testing a porphyry system (a large-scale copper deposit), high-grade Woodjam zones, and Alaska's Palmer project. Data centers, electrification and AI add copper demand while major-mine expansions need about $20 billion, so supply cannot respond quickly.

Craig Parry: Updates on Vizsla Silver, Copper and Royalty

• Top takeaway His central call is that copper reaches $20 to $30 a pound within four or five years of this mid-2026 interview, and that if the metal repeats the six-fold rise of an earlier cycle that points to roughly $36 a pound.
• He argues the supply side is far more constrained this cycle than the last: little copper discovered in 15 years, permitting much harder and the big mine expansions already spent, against demand from data centres, EVs and grid rebuilds - citing a refined deficit of 330,000 tonnes in 2026 widening to about 2 million tonnes by 2030.
• On Vizsla Silver he says the company will not return to the ground in Mexico until it is safe, and that he is determined to build the project in honour of the colleagues lost there.
• He calls turning Vizsla Copper into a mid-tier producer in record time a stretch goal while admitting he has failed at this before and that you should not put too much stock on it, pointing instead to his track record on uranium, gold at Skeena and Vizsla Silver.
• On personal commitment, he says he has put $8 million of his own money into Vizsla Copper, contributes heavily to every capital raise, and is determined to change his track record on copper, which he quotes Rick Rule as calling unblemished by success.

Vizsla sold its royalty spin-out 18 months after IPO, returning roughly eight times the IPO price to shareholders. Nine to ten rigs are turning across eight or nine copper targets in Alaska and British Columbia, with assay results due within weeks. Parry sees copper reaching $20–30 a pound within five years, betting constrained supply cannot match grid, data centre and EV demand. Ground work at Vizsla Silver in Mexico stays suspended after ten colleagues were killed, with permits still expected late this year. Cash of $26 million funds this year's drilling but falls below $5 million by year-end, making a raise in 2027 likely.

Craig Parry, Co-founder & Advisor of Inventa Capital | Rule Symposium 2026: Rick Rule interviews

• Top takeaway Parry is racing to build Vizsla Copper into a mid-tier copper producer in record time, drilling immediately beside a 44m at 8.2% copper hole in Alaska and expecting to hit the target zone within days of the interview.
• On Vizsla Silver he claims roughly 400 million ounces at grades up to ~500 g/t across an entire district, and says the project is turning the corner after the murder of 10 workers, with major news expected over the next six months.
• He cites his track record: co-founding NexGen (Arrow deposit, now a $12 billion company), chairing Skeena since 2017 and advancing Eskay Creek (450,000 oz/yr, a tier-one gold project in his view), and selling the Vizsla Royalty spin-out to Elemental Altius for $330 million.
• He argues Mexico's government, up to President Claudia Sheinbaum, now firmly supports mining and the company's project, pointing to a surge of permits and to mining's potential to offer Sinaloa's youth a better path than the drug trade.
• A former Rio Tinto global head of iron ore project generation who has worked in 70 countries, he calls copper the most important metal on the face of the planet and Vizsla Copper his passion project.

Vizsla Silver holds about 400 million ounces of silver at grades near 500 grams per tonne, with the thick Coppola vein as standout. Cartel violence that killed ten workers, not geology, is now the central risk at Vizsla Silver — one of the world's highest-grade undeveloped silver deposits. Guest Craig Parry points to Mexican presidential backing and many newly issued permits, including open pit, as signs the project is turning the corner. Vizsla Copper is drilling beside a 44-metre intercept of 8.2% copper in Alaska as Parry pursues a mid-tier copper producer. Parry's track record spans Rio Tinto project generation, NexGen Energy's Arrow discovery, chairing Skeena, and selling Vizsla Royalty for $330 million.

Why Copper Could Be Heading to a Price No One Is Ready For | Craig Parry - Vizla

Copper prices may surge dramatically higher due to years of underinvestment, permitting delays, and aging mines creating a severe long-term supply deficit. A significant disconnect currently exists between copper prices and copper equities, presenting a potential buying opportunity for investors in quality projects. Inventa Capital's copper portfolio, including the Palmer, Woodjam, and Poplar projects, offers exposure to high-grade copper assets in favorable jurisdictions.