Greetings Contrarian,

This is The Next Big Rush, your daily drop of mining/energy investing news. Where we come together and draw lines on a chart for fun but make fun of people who believe in horoscopes.

Here are the highlights:

🪙 1 Trillion Coin To Rule Them All

 🇺🇸 US Senator Raises Flag On Nickel Processing Plant

 ⭐GoGold Hits Bonanza Silver

 🪙 1 Trillion Coin To Rule Them All

So apparently, there's a genius idea out there for the U.S. to mint a $1 trillion platinum coin and deposit it at the Federal Reserve to raise the debt ceiling without bipartisan support.

Because surely a magical coin can solve the US Budget problems! The Treasury Department says that they're bumping up against the current borrowing limit of $31.4 trillion, and if the debt ceiling isn't raised, they could run out of money by June…

Even Treasury Secretary Janet Yellen called it a gimmick and said the Federal Reserve is unlikely to agree to it. (I mean, who thought this was a good idea?)

And let's not forget, the coin doesn't even have to be made out of $1 trillion worth of platinum! The idea was floated around in early 2023 and it’s now back in vogue as we approach the actual debt ceiling. Again.

Lordy, Lord - what have we come to?

 🇺🇸 US Senator Raises Flag On Nickel Processing Plant

U.S. Senator Marcio Rubio has asked the Biden administration to investigate Ford Motor Co's plan to partner with PT Vale Indonesia and China's Zhejiang Huayou Cobalt to build a $4.5 billion nickel processing plant in Indonesia.

Rubio thinks this could be a security risk for the U.S. and wants several government departments and the Securities and Exchange Commission to look into it.

He criticized China's Belt and Road Initiative, which Huayou mentioned as a part of the project, as a way for China to control critical infrastructure and resources around the world.

Ford is trying to reduce costs and compete with Tesla in the electric vehicle market by securing raw materials like nickel for EV batteries, naturally.

Rubio has previously introduced legislation targeting Ford's deal with a Chinese battery company and wants to block tax credits for Chinese-produced EV batteries.

The plant is set to start operating in 2026.

⭐ GoGold Hits Bonanza Silver

GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) published additional drilling results from Los Ricos South, within the Eagle Deposit.

Highlight:

31.0m of 1,519 g/t silver equivalent including a super high-grade intercept of 47,119 g/t AgEq over 0.7m

That’s 31m of 1.5 kilograms of silver, friends.

Maybe rename to GoSilver?

 🤣 Meme of The Day

Happy Speculating!

The Editor

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.