Global Silica shortage hitting industries

Semi Sophisticated EPM investors, I found some interesting articles I wanted to share in regards to the Ivittuut project. In particular I wanted to shine a light on how valuable some of the sand is in the pit in regards to the Semi conductor industry.

At the moment there is a current shortage of chip manufacturing for both CPUs and GPUs. This is effecting why on the secondary market, some GPUs are 2 to 3 times above RRP and why there's long delays to buy new gaming consoles like the PS5 and Xbox.
Though I'm not sure that the market and most investors realise the reach of a chip shortage in other industries. With the emergence of smart products, nearly everything has a chip in it. From toothbrushes to fridges and TVs to Cars.
https://www.pcworld.com/article/3614866/nvidia-expects-crippling-gpu-shortages-to-continue-throughout-2021.html

Good article which is explaining how this chip shortage is causing bottlenecks on the Automotive industry
https://arstechnica.com/cars/2021/02/a-silicon-chip-shortage-is-causing-automakers-to-idle-their-factories/

Recently The largest Chip manufacturers like Intel, TSMC and Samsung have announced multi billion dollar projects to make additional chip factories.
https://edition.cnn.com/2020/05/15/tech/tsmc-arizona-chip-factory-intl-hnk/index.html

https://www.nytimes.com/2021/03/23/technology/intel-arizona-chip-factories.html

https://www.cnbc.com/2021/02/05/samsung-considers-austin-for-17-billion-chip-plant.html

Since we are in Europe, there's news of Intel planing to build a rather large chip plant there too, as well as the current semiconductor plants considering forming an EU alliance
https://www.gizchina.com/2021/05/01/intel-plans-to-build-a-semiconductor-manufacturing-plant-in-europe/

https://www.reuters.com/technology/eu-explores-chipmaker-alliance-alternative-foreign-funded-megafab-sources-2021-04-29/

Good 5 minute video to get an overview of how we got a shortage of chips.

To sum up, I really wanted to share why Silica (especially high grade) has huge potential for EPM. Just remember not all sand is fit for semi conductor manufacturing. Remember, Saudi Arabia buys sand from Australia.
https://www.dailytelegraph.com.au/news/nsw/aussies-sell-sand-to-saudis/news-story/a20367e0e8c08d6f425ebf7f32c0d8d8