The World Bank forecasts that production of critical minerals and metals must increase by as much as 500% to produce the raw inputs necessary to meet projected demand. Electric Vehicles (EVs) and battery storage, along with the infrastructure needed to power both will be the largest drivers of this demand for energy metals. Analysts are expecting that over the next two decades – under the sustainable development approach (SDS) – that Nickel and cobalt will see 20 times increase in demand, with zinc and copper seeing an effective 2 times increase in demand.

In order for the world economy to meet this increasing demand in energy metals, discoveries of deposits will need to be made in the near term.

Canada as a stable democracy with some of the top mining jurisdictions in the world, and rich history of major metal discoveries and mine development is poised to be a major player. In 2019, the Canadian government released the Canadian Minerals and Metals Plan which sets a policy to establish Canada as a leading mining country for sustainable and responsible critical minerals. The plan’s opening sentence states boldly that “Canada is a global mining powerhouse,”

To meet the rapidly expanding demand for critical minerals, commitment, and expedited investment in exploration, mine development, and production is essential. Junior mining companies such as Murchison Minerals play a significant role in the discovery of the minerals needed for the quickly evolving clean energy revolution.