Greetings Contrarian,

This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together, and thank God for another week of work, have a great Friday. 💪

Here are the highlights:

🍻 Germany Securing Supplies

😲 60%+ Surge

🤣 Meme Of The Day

🍻 Germany Securing Supplies

The German government plans to allocate approximately €1 billion ($1.1 billion) for investments in raw materials to reduce dependency on countries like China for critical minerals.

A selection process will determine eligible projects, including extraction, processing, and recycling. Funding will come from Germany's state-owned KfW development bank, primarily in the form of equity capital for minority stake acquisitions. These projects, both in Germany and abroad, aim to enhance the security of critical raw material supplies. While specific details of the fund's structure are yet to be disclosed, it will operate for four years in coordination with Italian and French initiatives.

The focus will be on EU-defined critical mineral projects, addressing supply chain vulnerabilities exposed by the pandemic and geopolitical events like Russia's invasion of Ukraine. 

Drop in the bucket, but better than nothing.

😲 60%+ Surge

Shares in Bougainville Copper (ASX: BOC) surged by 64.3% to A$0.575, their largest intraday gain since February 2022, following a five-year extension granted for its exploration license in the Panguna copper-gold project on Bougainville Island in the South Pacific.

The Panguna mine, once operated by Rio Tinto (ASX: RIO), closed in 1989 due to civil unrest and conflicts, with concerns about mine revenue and pollution. A peace agreement in 2001 and a 2019 referendum on independence paved the way for its potential revival. While Rio Tinto divested its stake in 2016, estimates suggest it could cost $5-6 billion and 7–8 years to rebuild and fully operate the mine, which still holds substantial copper and gold reserves.

Bougainville Copper's stock closed at A$0.80, marking a 128% increase and its highest level since November 2023. 

We, too, had to Google where in the world this was — very close to Papua New Guinea. A bit of a mining revival in the region, and we love to see it.

📰 In Other News:

🤣 Meme Of The Day

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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.