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Greetings Contrarian,
Source: Trading Economics, Numerco.
This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together, and go for a car ride.
Here are the highlights:
👏 Global Commits Pounds
😐 Glencore Rethinking Italy
🐦 Tweet Of The Day
👏 Global Commits Pounds
Global Atomic Corporation (TSX: GLO) (OTCQX: GLATF) (Frankfurt: G12) has finalized a Letter of Intent (LOI) for the sale of uranium from its Dasa Project in the Republic of Niger. This LOI represents the supply of up to 3.5 million pounds U3O8 within a multi-year delivery window starting in 2026, accounting for about 14% of Dasa's annual adjusted Phase 1 production over the period.
The total contracted offtake now reaches approximately 30% of Dasa's initial five-year scheduled production. The potential revenue from this award, at current prices, is valued at approximately US$250 million in nominal terms.
Ever wonder what the books of uranium producers look like right now? We present to you a late-stage developer in a West African country currently under demi-sanctions and unable to export.
What a time to be invested, friends!
😐 Glencore Rethinking Italy
Glencore expressed disappointment at the extended approval process by the Sardinia local government after it denied a fast-track approval for the pilot project of their planned for a recycling hub in Europe for electric car batteries.
They are now considering alternatives. Commissioning of the hub was expected to begin in late 2026 to early 2027, but now, timelines cannot be guaranteed.
We’re not going to make any mafia jokes. Promise.
📰 In Other News:
🐦 Tweet Of The Day
Every buy and hold investor has a mix of bad feelings from guys who pocket profits but can't image how much it hurts to wait to get back into the game. Selling peak is easy but waiting several months to find new entry points is tough.
— Rodrigo Costa (@OctavioCaula)
4:35 PM • Oct 2, 2023
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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.
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