Technology Sector Demand Tightens Global Gold and Silver Supply as ESGold Advances Québec Project

The rapid expansion of artificial intelligence, electric vehicle, and solar energy technologies is placing unprecedented pressure on global gold and silver supplies, with 2024 technology demand reaching 326 tonnes of gold and industrial silver consumption hitting a record 680.5 million ounces. This surge in demand comes amid a fourth consecutive year of structural deficits in these precious metal markets, creating both challenges and opportunities for mining companies positioned to meet the growing industrial needs.

ESGold Corp (CSE: ESAU) (OTCQB: ESAUF) is advancing its fully permitted, fully funded Montauban Gold-Silver Project in Québec toward near-term production starting in 2026. The company has targeted construction completion for late 2025, which significantly reduces key execution risks for investors seeking exposure to the tightening precious metals market. The project's progression comes at a critical time when industrial demand for both gold and silver continues to outpace supply.

The technology sector's insatiable appetite for precious metals is driven by their essential roles in advanced electronics, conductive components, and renewable energy systems. Gold's superior conductivity and resistance to corrosion make it indispensable in high-performance computing and AI infrastructure, while silver's exceptional electrical properties are crucial for solar panels, electric vehicles, and various electronic applications. The current supply constraints highlight the strategic importance of developing new mining projects capable of meeting this growing industrial demand.

ESGold's Montauban property, located 80 kilometers west of Quebec City, represents a significant opportunity in the current market environment. The company's focus on advancing projects toward production and feasibility aligns with the urgent need for new supply sources in the precious metals sector. Additional information about the company's developments is available through their newsroom at https://ibn.fm/ESAUF.

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As the global transition toward advanced technologies and renewable energy accelerates, the fundamental supply-demand dynamics for gold and silver continue to tighten. This creates a favorable environment for well-positioned mining companies with advanced-stage projects that can bring new production online within the current market cycle. The convergence of technological advancement and precious metal scarcity underscores the strategic importance of developing sustainable mining operations capable of meeting industrial requirements while maintaining responsible environmental practices.