Greetings Contrarian,

This is The Next Big Rush, your daily drop of mining/energy investing news. Where we come together and summarise this week’s BEST OF THE BEST.

Here are this week’s highlights:

😺 Global Atomic’s Dasa Updates Resource

🚨Silver X Backs Off Doomed Silver Mine

 📈 Chart of The Week

😵 Visual of The Week

😺 Global Atomic’s Dasa Updates Resource

Global Atomic Corporation updated its Mineral Resource Estimate (MRE) for the Dasa Project in Niger, including data from a 16,000-meter drill program started in September 2021.

The update, calculated by AMC Consultants, aims to upgrade Inferred Resources to Indicated, which can be included in an updated Mine Plan and Mineral Reserve.

The new MRE focuses solely on an Underground Mine Model, increasing tonnage while affecting grade.

This resulted in significantly increased Indicated Resources (about 50% at a 1,500 ppm cut off grade), expected to be upgraded to a Mineable Reserve, and a boost in additional Inferred Resources.

The Company plans to update the Dasa mine plan and Feasibility Study by the end of the year, potentially improving Dasa Project economics.

🚨Silver X Backs Off Doomed Silver Mine

Silver X Mining Corp. shared that they've had to call off their agreement to buy the Revenue-Virginius Mine and some related assets from Alliance Management LLC.

This asset was previously held by Aurcana and ultimately sucked more money than it ever produced, decimating the previous company’s share price.

The CEO, José M. García and team, said that they'd been working hard to come up with a plan that would benefit everyone involved.

Still, some things were just out of their hands, making it challenging to go ahead.

The company has decided to stop putting money into the receivership process since they're not really sure it's worth it and want to keep their main assets in Peru in good shape.

📈 Chart of The Week

😵 Visual of The Week

Happy Speculating!

The Editor

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is novestment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.