Renewable Energy as the Predominant Power Source Set to increase the already strong demand for silver, 'renewable energy will be the predominant power source for data centers' according to Nextracker CEO: https://www.cnbc.com/2024/06/07/renewables-will-be-main-power-source-for-data-centers-nextracker-ceo.html
Amid silver's recent shifted from a precious metal to an industrial one, there remains substantial potential for additional price increases as the use of renewable energy is expected to continue to grow.
The Path to 100 Million Ounces
One notable poised to benefit from silver's recent demand is Outcrop Silver & Gold (OCG.v OCGSF) and its Santa Ana Project.
Santa Ana is one of the highest grade silver projects globally, with approximately 37M ounces, a grade of 73% silver and unique minerology allowing for a high 93% silver recovery by floatation making it economically viable even at today's silver price.
It is very hard to find a comparable project that has an indicated silver resource as large as Santa Ana, making this is a very rare project.
With its 2024 drill program strategy designed to underscore the scalability of the project, OCG is on track for significant resource expansion by leveraging their technical expertise and deep understanding of the region's geology to unlock the full value of the high-grade silver project.
Believed to be the next "lithium" due to underestimated supply and demand issues, silver provides a clear opportunity and, with a range of experienced mining executives on the team, OCG has a solid foundation, clear strategy, and significant drilling plans for the next year amid this dynamic market.
As a further testament to OCG "doing it right in all ways, OCG recently celebrated 356 days accident-free, an incredible milestone showcasing its unwavering commitment to the safety, health and well-being of its team,
https://x.com/OCG_SilverGold/status/1800561127178313955
For more information, refer to Outcrop Silver & Gold's (OCG.v OCGSF) latest presentation at Deutsche Goldmesse discussing the Santa Ana Mine: https://www.youtube.com/watch?v=Jh_Gcw5rIaw
Posted on Behalf of Outcrop Silver & Gold Corporation.