Greetings Contrarian,

This is The Next Big Rush, your daily drop of mining/energy investing news. Where we come together and wish we had capital gains to declare.

Here are the highlights:

 💩 Mexico Poo-poos Its Own Mining Code

🫡 See You In Frankfurt

 😩 Gold And Silver Whiplash

👀 Insider Buying Ranking

💩 Mexico Poo-poos Its Own Mining Code

On Saturday, the Mexican Senate swiftly passed a set of laws, including two constitutional reforms and a new mining law that has received backlash from the mining chamber and Canada.

The mining law, promoted by President Andres Manuel Lopez Obrador, reduces mining concessions from 50 to 30 years, enforces stricter water extraction permits, and mandates that a portion of mining profits must be given back to local communities.

President Lopez Obrador has not granted any new mining concessions since he took office in late 2018, stating that previous governments had granted too many permits for the country's resources, such as gold and copper.

The Canadian Ministry of Commerce has expressed concern that the new mining legislation could impact Canadian investments in Mexico's mining industry, where several Canadian companies operate.

The national mining chamber, Camimex, has warned that such reforms could result in a loss of up to $9 billion in investments and 420,000 jobs.

Genius move, Presidente.

🫡 See You In Frankfurt!

Your humble-ish Editor will take part in this next Goldmesse in Frankfurt - a great grassroots event for junior mining investors looking for deals that are flying under the radar.

The topic of our panel will be “Investing Into The Net Carbon Zero Future - Uranium And Critical Minerals“. - with Fabi Lara and Piet Vanrusselt aka Pete Panda - moderated by the one and only Antonio Atanasov 

It will be 🔥

Will we see you there?

Register now for your free investor pass.

 😩 Silver and Gold Whiplash

Gold and silver move up and get whacked in the head just as we start taking victory laps (speaking of which, have you seen this one? Solid and not humble).

The two precious metals soared to $2009.25 and $25.89 respectively, just as the market digested the unsurprising news of First Republic Bank’s failure.

Like clockwork, both were brought down on London and New York trading hours and ended the day in negative territory.

👀 Insider Buying Ranking - Canada

Ask yourself why.

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.