Greetings Speculator Contrarian,

This is The Next Big Rush, your daily drop of mining/energy investing news. Where we come together and sort through a ton of business cards.

Here are the items at the top of your stack:

🗂️ Artemis Gold Mine Gets Greenlighted

🗂️ Journey Makes Boatload of Money

🗂️ Best Silver Intercepts

🗂️ Bi-partisan Bill To Forbid Russian Uranium

💹 Artemis Gold Mine Gets Greenlighted

Artemis Gold has received approval for its BC Mines Act Permit, the final step required to allow the company to start major construction activities at the Blackwater Mine in Q1 2023 with the expectation of an initial gold pour in H2 2024.

The Blackwater Mine is estimated to be the largest gold mine development project in the Cariboo region of British Columbia in over a decade, and the Project will create 457 direct full-time jobs per year over the operating LOM and with 825 direct full-time jobs per year created during the construction/expansion phases.

The mine has been designed to have one of the smallest carbon footprints for an open pit gold project in the world.

Financing has been secured and initial equipment is due to arrive next month. The Blackwater Mine has an NPV5 of over C$2b.

🛢️Journey Publishes Great Financials

Believe it or not, this is not a repeat from yesterday's newsletter. This is a different company.

Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF), a junior oil producer has released its operating and financial results for 2022.

Highlights

• Net income of $155.2 million for the entire year, with $97.8 million generated in the fourth quarter. On a basic, weighted average per share basis, this equates to $2.95 for the year and $1.73 for the fourth quarter. Current share price is C$6.16. 👀

• Realized Adjusted Funds Flow of $101.4 million for the year and $24.9 million in the fourth quarter. On a basic, weighted average per share basis, this amounted to $1.93 for the year and $0.44 for the fourth quarter.

• Record sales volumes of 9,778 boe/d for the entire year and 11,496 boe/d in Q4 2022. There was a 34% increase in volumes in Q4 compared to the same period in 2021.

These oil companies keep using the words "sales", "cash" and “net income” - we have no idea what that means; will research further.

🪙 Best Silver Intercepts

There. Are. Virtually. No. Silver. Companies.

📜 Bi-partisan Bill To Prohibit Russian Uranium

A bipartisan group of U.S. Senators introduced legislation to prohibit imports of Russian uranium. This bill mirrors H.R. 1042, which was introduced by Republican Representatives in the House of Representatives last month.

The bill seeks to eliminate all Russian energy, including uranium, from the American marketplace, citing concerns about Russia's war on Ukraine and the potential for disruptions to the American nuclear energy supply chain.

The senators argue that increasing domestic production of enriched uranium will strengthen national security, reduce dependence on Russia, and enhance U.S. competitiveness in nuclear energy.

We’re not holding our breaths since this is politics after all, but wouldn’t it make sense to make it official what utilities are already driving away from? We think so. This is a massive change in narrative coming out of the U.S. We like it.

Meme of The Day

Your portfolio.

Chin up, it's Friday!

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.