Greetings Contrarian,

This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and have a family lunch.

Here are the highlights:

🤔 Is China Buying Up All The Uranium?

😬 Tin Trouble Ahead

😎 TinOne Maiden Resource

🤔 Is China Buying Up All The Uranium?

Cameco (TSX: CCO; NYSE: CCJ) has announced this Sunday that it signed a uranium supply agreement with China Nuclear International Corporation, a subsidiary of China National Nuclear Corporation (CNNC), one of the country’s largest nuclear power operators.

The contract, finalized earlier this year, was marked as part of the 2023 International Forum on Natural Uranium Industry taking place in Beijing. Terms and details of the supply agreement are commercially confidential and will not be disclosed publicly.

The contract volumes are reflected in the 215 million pounds of uranium Cameco reported having under long-term contracts as of April 27, 2023, and the reported average annual delivery volumes of 28 million pounds per year from 2023 through 2027 as of June 30, 2023.

China doesn’t play around.

😬 Tin Trouble Ahead

Tensions between China and Myanmar's Wa state, a significant tin source, are escalating, potentially extending the existing supply disruptions of this essential metal. This is in part due to a cyber scam crackdown to protect chinese residents from Myanmar’s illegal operations.

The Wa state's decision to halt mining has already cut off almost a third of China's tin ore supply. Despite some Wa ore processors resuming work, they operate at limited efficiency due to low stockpiles. This could lead to further supply interruptions, especially as the semiconductor industry's demand grows.

Although tin reserves are currently adequate, supply challenges have arisen due to events in Peru and potential bans in Indonesia. Myanmar's Wa state plays a vital role in the global tin market, with its ban causing a 12% price surge earlier this year.

Watch this market.

😎 TinOne Maiden Resource

TinOne Resources Inc. (TSXV: TORC) (OTCQB: TORCF) (Frankfurt: 57Z0), a sponsor of this humble newsletter, has released their maiden resource estimate for its 100% owned Great Pyramid tin project, located in the tier-one mining jurisdiction of Tasmania, Australia.

Highlights

• 8.4 million tonnes at an average grade of 0.17% tin for 14.4 thousand tonnes of contained tin.

The stock has been languishing but received a nice 20% bump on the news. Still a ridiculous bargain at less than $6m market cap.

📰 In Other News:

🤣 Meme 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.