Platinum Group Metals Ltd. Positions Itself as Key Player in AI-Driven Energy Demand

The rapid expansion of artificial intelligence (AI) applications is significantly increasing the demand for data center capacity, placing unprecedented pressure on the global power grid. Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM), a leading explorer and developer of platinum, is at the forefront of addressing this challenge by developing a supply of platinum, a metal crucial for the future of clean and resilient electrical infrastructure.

According to a report by the World Platinum Investment Council, global electricity demand from data centers is expected to more than double to approximately 945 TWh by 2030, exceeding the total electricity consumption of some countries. This surge underscores the growing importance of platinum, not only in traditional applications but also in hydrogen fuel cells and advanced electrical components essential for sustainable energy solutions.

PLG's Waterberg Project, recognized as one of the largest and lowest-cost undeveloped platinum group metal resources globally, positions the company as a potential key supplier in meeting the escalating demand for platinum. The project's development is timely, as the AI-driven energy surge highlights the need for materials that can support the transition to more sustainable and efficient power systems.

The implications of PLG's efforts extend beyond the immediate benefits to the company and its investors. By securing a stable supply of platinum, PLG is contributing to the broader goal of achieving energy sustainability and resilience in the face of growing digitalization and AI integration across industries. This development marks a significant step forward in the intersection of technology, energy, and environmental sustainability, offering a glimpse into the future of power generation and consumption.