⛏ Goviex Rips Higher On Niger Fake FUD

PLUS: Alphamin Strengthening

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 head to the bar for a beer, it's Friday! 🍻

Here are the highlights:

😎 Goviex Rips Higher On Niger Fake FUD

💪 Alphamin Strengthening

🤣 Meme Of The Day

😎 Goviex Rips Higher On Niger Fake FUD

Earlier this week, uranium investors were hit with a shocking piece of news. As if Niger-related companies needed any more drama, the articles pointed to some gossip news that the entirety of the Niger mining sector is to be subject to a new government audit, citing a leaked internal memo from the Ministry of Mines.

Well, it turned out to be a move that affects only gold companies in order to combat illegal activity and the whole uranium sector in the country is unaffected. GoviEx Uranium Inc. (TSXV: GXU) (OTCQX: GVXXF) has published a rebuttal and immediately saw its stock price rise by more than 10%.

Darn right.

💪 Alphamin Strengthening

Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX) has just provided the following update for the year and quarter ended December 2023.

 Highlights:

  • FY2023 tin production of 12,568 tonnes, up 1% from the prior year

  • FY2023 EBITDA3,4 guidance of US$136m at an average tin price of US$26,009/t, with EBITDA negatively affected by a temporary delay in Q4 tin sales volumes

Alphamin is a producer of 4% of the world’s mined tin in the Democratic Republic of Congo.

📰 In Other News:

🤣 Meme Of The Day

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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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