Greetings Contrarian,

This is The Next Big Rush, your daily drop of mining/energy investing. Where we come together and talk about news that are older than 8 hours because The Editor was on the plane during market hours and this is being pushed out on airport wi-fi. ✈️

Tighten your seatbelt and check this out:

🛫 Developers Down Big

🛫 High Calibre Hit

🛫 Vizsla Expands

👎🏻 Uranium Devs Down Big

Two of the next uranium producers in 2023 come back to the market for money.

On the same day.

Uranium investors were taken aback when both near-term producers Encore Energy (NYSE: EU) (TSXV: EU) and Global Atomic (TSX: GLO, FRANKFURT: G12) announced, at almost exactly the same time.

Global’s deal: Raising 100m through Red Cloud with half warrants.The proceeds will be used towards advancing development, exploration of the Dasa Project in Niger, as well as G&A.

Encore’s Deal: Raising 30m through Canaccord with half warrants. Proceeds to maintain and advance the Company's material properties, acquire properties, plant upgrades, drilling, maintenance and refurbishment, community outreach and communications, licensing and permitting and for G&A. In other words, for anything and everything.

The major difference here may be that if Encore’s non binding loan for the acquisition of

Alta Mesa ISR falls through (Feb 15th), then they may use the proceeds of this raise for that purpose.

Both companies closed today down big.

💪🏼 High Calibre Hit

Eureka!

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) published mucho bueno assays from the first phase diamond drill program at its 100% owned Golden Eagle Project.

Golden Eagle hosts a pit constrained, Measured and Indicated resource of 2.02 million ounces at 1.4g/t gold with an Inferred resource of 155,000 ounces at 0.9g/t gold.

Higher calibre grades announced (couldn’t resist):

4.30 g/t Au over 92.42 metres

2.90 g/t Au over 195.1 metres

2.38 g/t Au over 114.3 metres

Golden Eagle is located in the Republic/Eureka Mining District in Ferry County, Washington, USA approximately 16 km west of Kinross’ Kettle River Mill.

Good shot 👏🏻

🚀 Vizsla Expands Resource

Vizsla Silver (NYSE: VZLA) (TSXV: VZLA) (Frankfurt: 0G3) just announced an updated mineral resource estimate for its flagship, 100% owned Panuco silver-gold project in Sinaloa, Mexico.

Highlights :

71% increase in indicated mineral resources

150% increase in inferred mineral resources

14% increase in average indicated mineral

42% increase in average inferred mineral resource grade from 345 to 491 g/t AgEq

93% of the value of the Updated Mineral Resource Estimate is comprised of precious metals, including 59% from silver.

You kinda need that if you’re a silver company.

A proper NI-43-101 technical report will be available on the Company's website and SEDAR within 45 44 days.

Have a great hump day!

The Editor

P.S. Notice how all these commodities are green today? Suspicious. Very suspicious.

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.