Greetings Contrarian,

This is The Next Big Rush, your daily drop of mining/energy investing news. Where we come together and brace for another week of rolling with the punches and finding opportunity.

Here are the best hits:

🥊 Goverments Spend $1 Trillion On What?

🥊 Lithium and Uranium Take A Beating

🥊 Myriad Uranium Now In Frankfurt

😆 Governments Spent $1 Trillion On Fossil Fuel Subsidies

Governments sure do talk a big game about cutting back on fossil fuels, but actions speak louder than words.

Despite delirious ambitious goals to reduce carbon emissions, a new report by the International Energy Agency reveals that global governments spent a whopping $1 trillion last year subsidizing the very industries they are trying to destroy on the basis of driving climate change.

And while leaders pledged to end these subsidies at the Glasgow Climate Pact in November 2021, the reality is that these fossil fuel subsidies are only increasing. The amount spent on energy last year was more than double the total global investment in renewable energy sources, according to BloombergNEF figures.

Governments justified these subsidies by trying to shield consumers from rising energy prices and the economic impact of the pandemic.

Are we shocked? No.

🔻 Lithium and Uranium Take A Dive In Australia

The lithium and uranium sectors took a beating in the ASX on the first trading day of the week, with companies like Pilbara Minerals struggling to maintain their stock price.

The key level of $4.74 has been breached, leading to a sharp decline in the company's value. Other notable companies with big losses:

Lithium

Piedmont Lithium (-13.95%)

Argosy (-6.2%)

Uranium

Paladin Energy (-5.9%)

Boss Energy (-5.6%)

Deep Yellow (-3.5%)

With North American markets closed, we're watching the next trading day very closely.

🙃 Myriad Uranium - Now Trading In Frankfurt

Myriad Uranium, a client company and a tiny but promising uranium junior with projects in Niger, has finally announced their Frankfurt trading as from today. Ticker: C3Q

If you had noticed them when they were first profiled on our Youtube channel, you'd be up 100% already.

OTC Listing soon to follow.

Lots of you have been asking about this, so here it is!

😵‍💫 Meme of The Day

How awesome is this week going to be? Not very, but here we go...

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.