Excellon Resources Inc. (NYSE American: EXN) (TSX: EXN) (FSE: E4X2) Stands Poised to Benefit from a Surge in Global Silver Demand

October 13, 2021 12:43:57
  • Rising investment demand for silver has seen several entities inaugurate dedicated warehouses set to house the precious metal
  • Demand for silver is being led by a combination of investment demand and industrial usage, driven by resurgent demand for renewable energy resources
  • Excellon Resources is well poised, benefitting from the ongoing production at their Platosa Mine project as well as the promising prospects for their Kilgore and Silver City deposits
The inside of a dusty six-story high warehouse near Singapore’s Changi airport, a vast hangar-like space, currently holds around 400 tons of silver. Once complete, the vault will be able to store as much as 15,000 tons of silver – an indication of the potential which the market currently attributes to the precious metal (https://ibn.fm/JfMZq). Investment demand for silver coins and bars is booming, part of a retail-driven buying frenzy that saw the price of silver touch an eight-year high in February.  The buying activity has led to the value of silver stored within the London Bullion Market Association (“LBMA”) vaults rise to approximately $30 billion as of March of this year, a record figure which has remained largely unchanged to date (https://ibn.fm/gyHto). Excellon Resources (NYSE American: EXN) (TSX: EXN) (FSE: E4X2), a silver and base metals producer with precious metal projects in Mexico, Idaho and Germany, has employed a world-class leadership team with a proven track record to capitalize on positive trends in… Read More>> NOTE TO INVESTORS: The latest news and updates relating to EXN are available in the company’s newsroom at https://ibn.fm/EXN About MiningNewsWire  MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge. To receive SMS text alerts from MiningNewsWire, text “BigHole” to 21000 (U.S. Mobile Phones Only) For more information, please visit https://www.MiningNewsWire.com Please see full terms of use and disclaimers on the MiningNewsWire website applicable to all content provided by MNW, wherever published or re-published: https://www.MiningNewsWire.com/Disclaimer MiningNewsWire Los Angeles, California www.MiningNewsWire.com 310.299.1717 Office Editor@MiningNewsWire.com MiningNewsWire is part of the InvestorBrandNetwork.