Greetings Contrarian,

This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and eat all the pizza.

Here are the highlights:

🥳 A$25B Miner Split

🤩 A New Age For Nuclear?

⛏ A$25B Miner Split

Fortescue Metals Group (ASX: FMG), the fourth largest iron-ore miner in the world, is going through a bit of an odd-ball issue: uncertainty regarding a divorce between the chairman and his wife of 30+ years.

The tension is coming from the fact their co-ownership is quite large: 36% of the A$70B company.

The split has sparked rumours of a possible takeover should either of them be willing to sell their shares - at a 50/50 split, a 18.5% stake is still quite sizeable.

The company is speaking in a clean, PR-driven boundary of business as usual, but we could think of about 18.5 different ways this could become a blockbuster movie rather than a blockbuster move.

Sorry, it’s Friday and we’ve run out of good punchlines. Better luck next week.

🤩 A New Age For Nuclear?

Oklo, a nuclear-fission startup, plans to go public through a merger with AltC Acquisition, a SPAC co-founded by Sam Altman, the CEO of OpenAI.

The deal values Oklo at about $850 million and tests investor interest in clean-energy startups.

Oklo, which develops small modular nuclear reactors, plans to sell electricity in the competitive power market.

The company aims to prove its ability to deliver on time and budget, a challenge faced by prior large-scale nuclear projects.

The SPAC, AltC, currently holds $500 million that Oklo could use to expand its operations. Oklo also plans to develop nuclear fuel-recycling technologies.

📰 In Other News:

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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.