- An estimated $173 trillion in energy supply and infrastructure investment is needed over the next 3 decades to facilitate the transition towards electric vehicles and renewable energy sources
- The energy transition is set to drive the next commodity supercycle; however, commodity supply growth has thus far been slow to catch up to rampant demand
- Only a single, dedicated silver mine commenced production in 2019, the last uninterrupted production year prior to the onset of the pandemic
- Through its diversified resource base and robust production profile, Excellon Resources has positioned itself well within the metal markets
The ongoing, era-defining shift from fossil fuels to clean energy is set to deliver an unprecedented boom for commodities, as a range of materials become essential to facilitate the delivery of emissions-free power, transportation and heavy industry. According to research provider BloombergNEF, the transition will require as much as $173 trillion in energy supply and infrastructure investment over the next three decades, with its effects reverberating through mining centres across the world (https://ibn.fm/ungtB). Excellon Resources (NYSE American: EXN) (TSX: EXN) (FSE: E4X2), a silver and base metals producer with precious metal projects in Mexico, Idaho and Germany, is aptly positioned to capitalize on this predicted commodity boom.
As electric vehicles replace internal combustion engines, and solar panels and wind turbines supplant coal and oil as the world’s most common energy sources, silver finds itself on the brink of rapidly accelerating…
NOTE TO INVESTORS: The latest news and updates relating to EXN are available in the company’s newsroom at https://ibn.fm/EXN
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