Greetings Contrarian,

This is The Next Big Rush, your daily drop of mining/energy investing news. Where we come together and thank God it's Monday, 'cause let's face it, we're pretty addicted to this game of suffering.

Here are the highlights:

🤩 Cameco Gets $300m

🤩 F3's Scintilometer Goes Offscale Again

🤩 Meridian Finds High-Grade Zone

💴 Cameco Gets C$300m

Cameco (NYSE: CCJ) (TSX: CCO) is receiving a C$300m refund from the CRA due to court decisions in favour of the company for the 2003-2006 tax years regarding asset sales abroad. However, a further tax dispute with the CRA is still ongoing, and the agency is holding $480m of Cameco's funds. (Great.)

Cameco has filed appeals for the tax years 2007-2016 and is asking for the reversal of CRA's transfer pricing adjustments and a return of all cash and letters of credit held by the agency. The outcome of the dispute remains uncertain, but this is a win for Cameco so far (finally).

You can bet on the feds (of any country) to deliver a speedy result, even if almost 7 years later.

🎰 F3's Scintilometer Goes Off-Scale. Again.

F3 Uranium (TSXV: FUU) (OTCQB: FUUFF), a client company of TNBR, has come out with some scintilometer results that top the best results yet within the JR Zone at PLN (Patterson Lake North), Athabasca Basin.

Highlights:

Nine holes yielded five high-grade intercepts.

Best hole - PLN23-060 intersected radioactivity over 17.5m, including 3.82m of continuous off-scale radioactivity >65,535 cps between 244.0m and 247.82m.

PLN23-061 stepped out further and resulted in 14.0m of mineralization, including 2.81m of composite off-scale (>65,535 cps) radioactivity within 5.08m of composite radioactivity >10,000 cps.

A previous hole of off-scale readings at this project have assayed as high as 59.2% U308. This one may or may not be as juicy.

Assay results pending.  

Sweet.

🍿Meridian Finds High-Grade Zone

Meridian Mining UK. S (TSX:MNO) (Frankfurt:2MM) (OTCQB:MRRDF) published an update on the ongoing drill program at Cabaçal.This is the same project they published their PEA on a number of weeks ago.

Highlights Reported Today

• Meridian's CD-240 drills the highest-grade VMS copper-gold feeder zone to date at Cabaçal;

• Cabaçal's highest grade copper zone returns:

  • 34.5m @ 5.3% CuEq / 7.9g/t AuEq (4.0% Cu, 1.7g/t Au & 22.4g/t Ag) from 125.35m; including:

  • 12.8m @ 12.7% CuEq / 19.0g/t AuEq (9.7% Cu, 4.0g/t Au & 55.8g/t Ag) from 129.9m;

  • Peak assay grades of 17.9% Cu, 34.1 g/t Au, 105g/t Ag; and

  • CD-240 high-grade zone remains open.

 Further drill results from Cabaçal to be released in the near future. This was not a high-grade project to begin with, so we'll be watching how much more they find. 

Happy Speculating!

The Editor

P.S. Did you notice the price of oil? Crazy, right?

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.