Greetings Contrarian,

This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and engage in some outdoor sports, because it's summer!

Here are the highlights:

👩‍🔬 Canada Funds SMRs

💅 Patriot Denies Sale

👽 Denison C$2.5b Update

👩‍🔬 Canada Funds SMRs

The Natural Sciences & Engineering Research Council of Canada and the Canadian Nuclear Safety Commission have allocated CAD 9.4 million over three years to support 29 research projects through the Small Modular Reactors Research Grant Initiative. 

The funding aims to enhance research and knowledge in the deployment of small modular reactors (SMRs) in a safe and secure manner and strengthen the science needed for regulatory decisions.

The projects will address various research challenges, including environmental protection, risk management, cybersecurity, understanding nuclear material produced by SMRs, and the impact of human factors.

The research findings will inform regulatory decisions and contribute to the development of clean energy technology in Canada.

Finally, eh.

💅 Patriot Denies Sale

Patriot Battery Metals (TSX-V: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA), has denied reports that it appointed Macquarie Capital to seek potential buyers for the company. The Vancouver-based firm clarified that it has not initiated any process that could lead to a sale of the company or its assets. 

However, Patriot acknowledged that it has engaged a range of advisers and key personnel to support the development of its flagship Corvette lithium spodumene asset in Quebec.

The company is currently working on the Mineral Resource Estimate for the project, which is expected to be published in late July.

Despite operational disruptions caused by wildfires in the area, Patriot does not anticipate a significant impact on the release of the estimate.

Australian companies, including Mineral Resources, Pilbara Minerals, and Wesfarmers, have been rumored to be interested in acquiring Patriot Battery Metals to expand their presence in the North American lithium market.

$PMET is the hottest girl in the lithium club, and playing hard to get is the oldest trick in the book.

👽 Denison C$2.5b Update

Denison Mines Corp.(TSX: DML) (NYSE American: DNN) reported the results of 1- the Feasibility Study completed for In-Situ Recovery mining of the high-grade Phoenix uranium deposit and 2- a cost update to the 2018 Pre-Feasibility Study for conventional underground mining of the basement-hosted Gryphon uranium deposit.

Phoenix Highlights:

• NPV8 (8! Take note, junior CEOs) C$1.48 billion after-tax (for Denison’s 95% share).

• IRR of 90%

• Capex under C$420m

Gryphon Highlights:

• NPV8 C$864.2m after-tax

• IRR of 37.6%

• Payback 22 months

The crazy part? You should click on the original link above to check out the average GRADE. It’s out of this world.

🐦 Tweet 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.