Greetings Contrarian,

This is The Next Big Rush, your daily drop of mining/energy investing news. Where we come together and rub our eyes in disbelief at our portfolio.

Here are the highlights:

😤 Alpha Lithium Shuns Offer

🤑 Heliostar Juicylicious Hit

😺 Global Atomic’s Dasa Updates Resource

🥸 New Gold Junior Signs LOI

😤 Alpha Lithium Shuns Offer

Tecpetrol Investments, a Spain-based company, extended a $178 million all-cash proposal to Canadian firm Alpha Lithium, an offer that Alpha didn't exactly welcome with open arms.

Tecpetrol's offer put a value on Alpha Lithium's shares that was a measly 13% higher than its closing price on May 12.

Alpha Lithium, said they considered but ultimately determined that it was an "opportunistic" move and not in the best interest of their company or shareholders.

The proposed deal also included a catch - a 30-day exclusivity agreement with Tecpetrol, preventing them from engaging with other potential suitors.

Meanwhile, Alpha Lithium has been busy with their lithium carbonate pilot plant in Argentina, which is close to wrapping up construction and set to start production this summer.

Open up thy pursestrings, Tecpetrol.

🤑 Heliostar Juicylicious Hit

Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) just published its first drill results from the Ana Paula project in Mexico. These two holes are the first drilled into the property by Heliostar, with the on-going drill program targeting the High Grade Panel at the core of Ana Paula.

Highlights:

• 101.1 metres @ 8.3 grams per tonne (g/t) gold including;

• 53.2 metres @ 11.0 g/t gold

and

• 118.5 metres @ 5.4 g/t gold including;

• 44.5 metres @ 11.0 g/t gold including;

• 4.0 metres @ 48.5 g/t gold

We love you, Ana Paula, whoever you are.

😺 Global Atomic’s Dasa Updates Resource

Global Atomic Corporation updated its Mineral Resource Estimate (MRE) for the Dasa Project in Niger, including data from a 16,000-meter drill program started in September 2021.

The update, calculated by AMC Consultants, aims to upgrade Inferred Resources to Indicated, which can be included in an updated Mine Plan and Mineral Reserve.

The new MRE focuses solely on an Underground Mine Model, increasing tonnage while affecting grade.

This resulted in significantly increased Indicated Resources (about 50% at a 1,500 ppm cut off grade), expected to be upgraded to a Mineable Reserve, and a boost in additional Inferred Resources.

The Company plans to update the Dasa mine plan and Feasibility Study by the end of the year, potentially improving Dasa Project economics.

🥸 New Gold Junior Signs LOI

Client company and sponsor of TNBR, @QuimbayaGoldInc's CEO Alexandre Poirier-Boivin sits down with us and shows us why they're the new kid on the block, with a very promising fresh LOI signed in the mining district of Antioquia, the most prolific gold region of Colombia.

Watch this space!

Happy Speculating!

The Editor

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.