Greetings Contrarian,

This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and sing karaoke.

Here are the highlights:

🙃 EU Declares Materials War On China

👏 102M of 1.04% CuEq

😋 50m of 3.06 g/t gold

🙃 EU Declares Materials War On China

The European Union will initiate an anti-subsidy probe (read: taxation) into Chinese EVs, amid concerns over Chinese state subsidies making their vehicles artificially cheap and “distorting” European markets (aka providing affordable product for the working class).

European Commission president Ursula von der Leyen highlighted the challenges faced by European carmakers, such as Volkswagen, due to cheaper Chinese alternatives. Meanwhile, Chinese EV exports have soared, overtaking even Germany. Despite this, European consumers might be resistant to measures that limit variety and raise EV prices.

The success of Chinese automakers in the global EV market is evident, with 19% of all EV batteries in Europe being from China-made EVs in the first half of 2023. Possible tariffs on companies like Tesla, which assembles EVs in China, might strain international relations.

The situation complicates the European raw material supply chain for batteries, with China holding a significant market share in battery metals.

European-based mining is the next big thing (apart from uranium, of course).

👏 102M of 1.04% CuEq

American Eagle Gold Corp. (TSXV: AE) (OTCQB: AMEGF) reported today their drilling results from its NAK copper-gold porphyry project, British Columbia, Canada.

Highlights:

• 102m of 1.04% Copper Equivalent

• Within 473 meters of 0.62% CuEq from the surface.

• 359m of 0.43% CuEq within 830 meters of 0.36% CuEq from the surface.

Assays are pending from drill holes NAK23-12, 13, and 14, and additional drilling is planned for the season. This is the best drill from this project so far.

Congrats to the team!

😋 50m of 3.06 g/t gold

Dynasty Gold Corp. (TSXV: DYG) (FSE: D5G1) (OTC Pink: DGDCF) reported drill results for its Phase 1, 2023 drill program on the Thundercloud property in northwestern Ontario, Canada.

Highlights:

• 130.5m of 1.17 g/t gold from 100.5 meters.

• 50m of 3.06 g/t gold from 104.5 meters.

The stock sold off quite a bit on the news, so all we can ask is:

Dynasty, Dynasty… where are the maps for this?

📰 In Other News:

🐦 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.