Greetings Contrarian,

This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and delight ourselves with a good hamburger.

Here are the highlights:

🔥 Fireweed is On Fire

🙄 Colombia Names Leftist Engineer As Mining Minister

👏 De Beers Digs Deeper

🔥 Fireweed is On Fire

FIREWEED METALS CORP. (TSXV: FWZ) (OTCQB: FWEDF) has just announced the first assay results from its 2023 exploration at the Macmillan Pass Project, Yukon, its biggest exploration program yet.

Highlights:

• 71.89 m of 6.48% zinc, 3.09% lead, 97.8 g/t silver

• 38.00 m of 9.12% zinc, 1.50% lead, 52.6 g/t silver

• 4.20 m of 18.71% zinc 0.30% lead 47.1 g/t silver

Initial results from the first 18 holes of the 2023 program have confirmed the connection between Boundary Main and Boundary West.

Boom!

🙄 Colombia Names Leftist Engineer As Mining Minister

Colombia's President Gustavo Petro has appointed Andrés Camacho, an electrical engineer with a focus on renewable energy, as the new minister of mines and energy.

This follows the resignation of the previous minister, Irene Vélez, amid allegations of power abuse. Vélez was seen as a mining minister that took upon herself more of an environmental-friendly stance than a pro-mining stance. Camacho will oversee Colombia's attempt at a transition from fossil fuels. However, Finance Minister Ricardo Bonilla states the transition could take 15–20 years, given Colombia's reliance on oil and coal exports, royalties, and tax collection.

Camacho's known leftist stance has led some to speculate his possible resistance to private investment. He will work closely with Environmental Minister Susana Muhamad to limit mining in environmentally vulnerable areas.

We will be watching closely.

👏 De Beers Digs Deeper

De Beers has begun diamond extraction from its new $2.3 billion underground operations at the Venetia mine in South Africa, after ceasing open pit mining there last year.

The underground mine, presently 70% complete, is predicted to yield approximately 4 million carats of diamonds per year, thereby extending the mine's operational life until 2045.

The company anticipates producing between 30 to 33 million carats in 2023, compared to 34.6 million carats in 2022.

📰 In Other News:

🤣 Meme 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.