Greetings Contrarian,

This is The Next Big Rush, your daily drop of mining/energy investing news. Where we come together and try to make sense of things that don't make sense.

Here are your puzzle pieces:

🧩 China One Step Closer To Parallel Uranium Market

🧩  F3 Skyrockets

🧩  Aurion Getting Juicier

 🥸 China One Step Closer To Parallel Uranium Market

Last month, the China National Nuclear Corp. (CNNC) launched its Alashankou bonded uranium warehouse near the Kazakh border with China; a crucial step for the state-owned company to establish a global uranium trading hub.

China produces a portion of the 12,000 tons of uranium it needs every year, the rest is imported from major producers such as Kazatomprom, Cameco, and Orano, with Kazakhstan being the primary supplier (surprise surprise). 

To ensure uninterrupted uranium supply, CNNC built a warehouse at the border, which they plan to turn into a trading platform for uranium. In the future, CNNC plans to establish an Alashankou price index, provided there is enough interest from traders. 

Western trading companies have shown interest in the warehouse, but they cannot participate yet, as there quite a few bureaucratic steps to be cleared. 

Simon Sun, a director at CNNC subsidiary China National Uranium Co. (CNUC) revealed that CNNC's long-term vision is to build a nuclear fuel conversion facility in the Alashankou region, where material can be stored, converted, and transported to Shanghai port for export to the Western markets.

Is this bullish or bearish? Let us know here:

🤑 F3 Skyrockets With Another Hit

F3, a marketing client of ours, just came out this morning with more good news from their new discovery at PNL.

The interesting thing about a uranium discovery is that sometimes, you can tell if the core has uranium by running a scintillometer reading on it before it ever goes to the lab. 

And darn it, have these readings been super correlated to high-grade uranium found in these holes so far. 

So here’s the latest reading.

Drilling Highlight:

• 21.0m mineralization from 248.5m - 269.5m, including

  • 3.19m composite mineralization of >10,000 cps radioactivity between 252.10m - 256.00m with a peak of 57,100 cps over 0.50m from 255.0m - 255.5 m 

There’s more uranium in them hills, so click on the link above to check out the full story.

The stock spiked almost 20% on the news.

   😎 Aurion Extends Great Results

Aurion Resources Ltd. (TSXV: AU) (OTCQX: AIRRF)  whose current focus is exploring on its Risti and Launi projects, as well as advancing its joint venture properties with B2Gold and Kinross in Finland, just came out with a jab, cross and hook combo, with a mix of extensions to previously announced results and some new.

Highlights:

• 2.41 g/t Au over 56.55 m - extension to previously announced partial results

• Additional Kaaresselkä gold intercepts

  • 1.22 g/t Au over 19.90 m

  • 2.27 g/t Au over 11.30 m

• Elevated critical minerals (Cu, Co, Pd, Pt) encountered

No jokes about Lapland / Santa will be made at this time. 

Breathe in, and out. 

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.