AI and Green Technology Boom Driving Unprecedented Demand for Gold and Silver, ESGold Positioned for Production

The accelerating global transition to artificial intelligence, electric vehicles and solar energy infrastructure is creating unprecedented demand for precious metals, with 2024 technology consumption reaching 326 tonnes of gold and industrial silver usage hitting a record 680.5 million ounces. This surge in demand comes amid a fourth consecutive year of structural deficits in precious metals markets, tightening global supply of both gold and silver as industrial applications expand rapidly.

ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) is advancing its fully permitted, fully funded Montauban Gold-Silver Project in Québec to address this growing supply-demand imbalance. The project is positioned for near-term production starting in 2026, with construction targeted for completion in late 2025. This timeline significantly reduces key execution risks for investors seeking exposure to the precious metals sector during a period of constrained supply.

The company's flagship Montauban property, located 80 kilometers west of Quebec City, represents a strategic asset in a mining-friendly jurisdiction with established infrastructure. The project's advanced development stage and full permitting status provide a clear path to production as industrial demand for precious metals continues to outpace supply. Additional information about the company's progress is available in their newsroom.

This supply crunch comes at a critical juncture for global technology infrastructure. The AI revolution requires substantial gold for high-performance computing components and advanced electronics, while the simultaneous expansion of EV manufacturing and solar panel production drives silver demand to record levels. Silver's unique conductive properties make it essential for solar cells and electric vehicle components, creating sustained pressure on already tight markets.

The structural deficits in both gold and silver markets highlight the growing disconnect between industrial demand growth and mining supply capacity. With multiple years of supply shortfalls, the precious metals sector faces ongoing challenges in meeting the needs of both traditional investment demand and rapidly expanding technological applications. The full details of ESGold's development plans and market positioning can be found in the recent press release covering the company's progress.

For investors and industry observers, the convergence of technological transformation and precious metals supply constraints creates both challenges and opportunities. Companies with advanced-stage projects in mining-friendly jurisdictions like Québec are positioned to benefit from these market dynamics, particularly those with clear production timelines and reduced execution risk. The ongoing structural deficits suggest that supply pressures will likely persist even as new production comes online, maintaining upward pressure on prices for both industrial and investment purposes.