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- โ China Seals Uranium Deal
โ China Seals Uranium Deal
PLUS: Historical Uranium in Wyoming
Greetings Contrarian,
Source: Trading Economics, Numerco.
This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and go hiking in the mountains.
Here are the highlights:
๐ China Seals Uranium Deal
๐ Historical Uranium in Wyoming
๐คฃ Meme Of The Day
๐ China Seals Uranium Deal
The Board of Directors of NAC Kazatomprom JSC has convened an Extraordinary General Meeting (EGM) due to a significant transaction with Chinaโs State Nuclear Uranium Resource Development Company Limited (SNURDC).
The deal involves selling natural uranium concentrates to SNURDC. The cumulative value of this and previous transactions with SNURDC accounts for fifty percent or more of Kazatomprom's total asset book value. Given the magnitude of the deal, it necessitates EGM consideration, as mandated by the legislation of the Republic of Kazakhstan.
This is the second deal of this kind this year.
Uranium cupboards getting pretty bare.
๐ Historical Uranium in Wyoming
MYRIAD URANIUM CORP. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q), a former sponsor of TNBR and current JV of Rush Rare Metals where our humble editor currently serves on the board, has been able to identify historical data pertaining to the Copper Mountain project, Wyoming.
Highlights:
Up to $74 million (inflation adjusted) dollars spent by Rocky Mountain Energy Corp. on exploration and development
Historical uranium resources between 15.7 million pounds and 30.1 million pounds U308 at Copper Mountain
Myriad holds an option to earn up to 75% of the project from Rush Rare Metals Corp. (CSE:RSH). Weโre long, strong, and biased both companies.
๐ฐ In Other News:
๐คฃ Meme Of The Day
Juniors when they uplist to the TSX
โ CEO๐บCA (@ceodotca)
12:33 PM โข Oct 31, 2023
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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.
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