Greetings Contrarian,

This is The Next Big Rush, your daily drop of mining/energy investing news. Where we come together and question valuations and price.

Here are the numbers you should know:

🍿 Billion Dollar M&A in Gold

🍿 Uranium Resource Gets An Upgrade

🍿 Silver Junior Winning

👍🏻 B2GOLD Gobbles Up Sabina

B2Gold (TSX: BTO)(NYSE: BTG) is purchasing Sabina Gold (TSX: SBB)(OTC: SGSVF) & Silver in an all-stock deal worth C$1.1 billion, giving them the Back River Gold District property in Nunavut, Canada. It holds 3.6 million ounces of mineral reserves averaging 5.97 g/t gold.

The acquisition increases B2Gold’s reserves by 66% to 9 million ounces and its measured and indicated resources by 52% to 18.5 million ounces.

Sabina’s Goose gold project is fully permitted and construction ready, and is expected to become Nunavut’s third operating mine in 2025.

B2Gold sees potential to increase Goose’s production in the first five years of the mine life and complete optimization studies, which could improve long-term economics by allocating more capital upfront.

That's very very decent grade, so fingers crossed it can become a money maker.

💪🏼 Aura With Improved Numbers

Aura Energy Ltd (ASX:AEE) (AIM:AURA) has increased its uranium resources by 52% at the Tiris Project in Mauritania, resulting in a total of 29.6 million pounds of measured and indicated resources.

With this upgrade, the company's global mineral resource estimate is now at 113 million tonnes at 236 ppm U3O8 for 58.9 million pounds.

The update will also allow for the release of an updated 2019 Tiris definitive feasibility study project work, which is expected to be available before the end of the current quarter. Aura is confident that its existing development strategy will be amplified, resulting in economies of scale on capital and operating costs through a modular expansion of the Tiris Project.

What we find most intriguing about Aura, however, is their Swedish HÄGGÅN VANADIUM-URANIUM Project, which believe it or not, ISN'T an Ikea line, with some 800mlbs of low-grade U3O8, high-grade vanadium and a bunch of other goodies such as Moly. The Swedish government is signalling a possible lift to uranium mining moratorium in the country, which could be a needle-mover for Aura. 

🚨 Silver X Pedal To The Shiny Metal

Silver X (TSXV:AGX) (OTCQB:AGXPF) (F:WPZ) announced a PEA for an expansion of their already producing project Tangana, in the Nueva Recuperada district which started commercial production last month. This is one of 3 projects they hold.

The goal for the Nueva Recuperada Silver District is to have two milling facilities: a new plant for the Tangana Mining Unit in addition to the current Nueva Recuperada mill The existing mill would be dedicated to processing minerals from the Company's Plata project and other mineralized areas.

And because the IR people worked so hard on this all the important info has been laid out, we’re blatantly copying and pasting the table with the highlights.

Prices are in US dollars, unless otherwise stated.

Current market cap sits at $C48m

Go out and get some fresh air. Stretch.

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.