Greetings Contrarian,

This is The Next Big Rush, your daily drop of mining/energy investing news. Where we come together and brace for another week of uncertainty and excitement.

Here are the popcorn grabbers:

🍿  Athabasca High-Grade Hit

🍿 Mammoth M&A In Gold

🍿 Nuclear Sanctions, Coming to a Country Near You

👍🏻 F3 Hits 22+% U3O8 In The Athabasca

F3, a client company of ours, has come out with further results to its 2022 drilling campaign. The intersects go from good grade in several meters, to ridiculously good grade in short intercepts.

Highlight:

22.9 % U3O8 over 1.5m within 4.20% U3O8 over 11.0m

This confirms their first high-grade hit of 59% within 1m reported weeks ago wasn't a one-hit wonder.

Because these are all within a small area, the biggest question now to the team who is currently drilling PLN in the Athabasca Basin as we type this is:

Does the high-grade areas extend / and or continue, or is this a small pocket of high-grade uranium isolated from a larger deposit?

The strategy is to drill 20 holes this winter, with the first 10 being crucial to understand the geological model of PLN. We're long and biased and looking forward to what the team is finding here.

💪🏼 M&A in Gold Shows Strong Market

Newmont Corp's $16.9 billion offer for Newcrest Mining may be too low, according to investors and analysts, following a leadership change at the Australian company. If the deal goes through, Newmont would become the largest gold producer, producing nearly twice as much as rival Barrick Gold. However, the offer raises concerns about the impact of gold acquisitions on shareholder value. Newmont's shares were trading 5% lower at $47.30 on Monday, and analysts at Jefferies reduced their target for Newmont by 12% to $50 due to the possibility of a bidding war.

Newmont's eighth-largest shareholder, Flossbach von Storch, believes the two companies would fit well together but doesn't support an increased bid from Newmont.

If the all-share deal succeeds, it would be the largest mining takeover and the third-largest corporate buyout in Australian history, according to Refinitiv data.

   🚨 Nuclear Sanctions, Coming To a Country Near You

EU Parliament signals strong support for nuclear sanctions, with a motion backed by 489 votes to 36, with 49 abstentions.

The resolution seeks to target companies still supplying European countries such as Lukoil and Rosatom.

Rosatom is a Russian powerhouse with customers in 50+ countries, including nuclear power plant construction, uranium mining and enrichment, and nuclear fuel fabrication and supply.

Ukraine, with its largest nuclear plant, Zaporizhzhia, under Russian military control since March 2022, is advocating for sanctions to encompass the nuclear energy sector.

Meme of The Day

How awesome is this week going to be?

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.