• 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 demand, alongside other industrial metals such as steel and copper.

“The energy transition is driving the next commodity supercycle,” said Jessica Fung, head strategist at Zug, Switzerland-based Pala Investments Ltd., which funds mining projects tied to decarbonization. “It is a decades-long transition, but the time to invest and make money is this decade. The time is now.”

Excellon Resources has been on the forefront of new mining production, with a precious metals growth pipeline which includes: Mexico’s Platosa Mine; Kilgore, a high-quality gold development project in Idaho with strong economics and significant growth potential; and an option on Silver City, a high-grade epithermal silver district in Saxony, Germany boasting more than 750 years of mining history.

The company recently released details of its robust second quarter production numbers generated from its Durango, Mexico-based Platosa Mine. Excellon saw silver production of 296,013 ounces, lead production of 1.9 million pounds and zinc production of 2.5 million pounds – in aggregate totalling silver equivalent production of 487,009 ounces. Although comparative results relative to the equivalent period in 2020 were impacted by the suspension of activities in Mexico from April 2, 2020 to June 1, 2020 on account of the COVID-19 outbreak, the second quarter of 2021 marked the fourth consecutive quarter during which Excellon’s Platosa mine witnessed over 21,000 tonnes mined and milled.

Although changing demand patterns due to the shifts within the electric vehicle and renewable energy sectors have been evident for some time, silver supply has thus far failed to keep up with demand. In 2019, the last calendar year boasting uninterrupted production schedules, a single new primary silver mine – the Sotkamo silver project in Finland – came online, with total new primary silver production amounting to less than 6 million ounces (https://ibn.fm/eN9LI). Global efforts to increase the supply of key raw materials – many of which require years of exploration and construction – must now begin to keep pace with future demand requirements, an effort which will necessitate enormous amounts of capital expenditure and geological research. 

Excellon Resources, a diversified metals producer with a broad geographic presence, ranks among the forefront of producers set to supply raw materials to help satisfy rampant demand emerging from the electric vehicle and renewable energy sectors. Through production from its Platosa Mine as well as the continued development of its Idaho and Germany’s Silver City sites, Excellon Resources sits well positioned to capitalize. 

For more information, visit the company’s website at www.ExcellonResources.com.

NOTE TO INVESTORS: The latest news and updates relating to EXN are available in the company’s newsroom at https://ibn.fm/EXN 

About MissionIR

MissionIR is primarily focused on strategic communications. We have executed countless communications programs to address the needs of companies ranging from start-ups to established industry leaders, gaining valuable experience and the expertise necessary to determine the most effective strategy for any given situation.

For more information, visit www.MissionIR.com

MissionIR (MIR)
Atlanta, Georgia
www.MissionIR.com
404.941.8975 Office
[email protected]

Please see full terms of use and disclaimers on the Mission Investor Relations website applicable to all content provided by MIR, wherever published or re-published: http://www.missionir.com/disclaimer.html