As the global population rises, so does the demand for metals.
The world’s appetite for resources like copper, silver and lithium has continued to increase to keep up with the requirements from advanced tech and clean energy. Demand for many of these metals is far outweighing new supply, and with applications that range from medical equipment, solar energy, and semiconductors, these materials have become invaluable to humanity.
To keep up with this rapid demand, new mining projects are needed imminently to ensure the materials are available.
This has exploration companies, and investors, searching globally for new opportunities, and it seems many are catching on to the clear benefits offered by countries such as Peru.
Peru’s Ministry of Energy and Mines revealed that mining investments amounted to $4.6 billion through November 2022, up from $4.4 billion in 2021. Exploration efforts were particularly notable in 2022, with $383 million invested from January to November, an increase of 33.9% compared to the previous year.
This flow of capital demonstrates Peru’s significant potential as a mineral-rich country that still remains vastly underexplored. There is a window of opportunity in Peru for exploration companies willing to go off the beaten path. One of those companies, Tier One Silver ( TSXV:TSLV ) ( OTCQB:TSLVF ) , has already been gaining traction, identifying new high-grade silver mineralization at one of its projects, and the first known copper-nickel district at its other project in Peru.
But despite its advancements in exploration, Tier One Silver, like many other public companies, saw its value impacted significantly by the downturn in the markets last year. This was compounded for the company by Peru’s recent political volatility, which included the president (now, former) staging a coup that resulted in his removal from office.
As unfortunate as this ...
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