Greetings Contrarian,

This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and have a cup of espresso.

Here are the highlights:

🧂 Salty Results

👏 Delta Buys Back NSR

💪 Callinex MRE Is Out

🧂 Salty Results

Atlas Salt (TSXV: SALT) reports favorable results from its Great Atlantic Salt Project in Newfoundland, Canada.

Highlights:

• 2.5 million tonnes-per-year salt production over 34 years.

• The pre-tax IRR is 23%,

• NPV at 8% of $1.017 billion (CAD)

The only thing we know about salt is it makes food taste nice, but this doesn’t look too shabby.

👏 Delta Buys Back NSR

Delta Resources Limited (TSXV: DLTA) has successfully paid the Ontario Exploration Corporation (OEC) $50,000, acquiring the remaining 50% of a 1% Net Smelter Return (NSR) Royalty on its Delta-1 property in Thunder Bay, Ontario.

Initially, Delta had purchased 50% of OEC's NSR in 2020 for $50,000, with the recent transaction completing the acquisition of the entire NSR Royalty on Delta-1. André Tessier, Delta's CEO, expressed his satisfaction, emphasizing the move's potential value to shareholders.

On top of that, Delta Resources was awarded the 2022 Bernie Schnieders Discovery of the Year Award for its Delta-1 gold project in Shebandowan by the Northwestern Ontario Prospectors Association.

Congrats to the team!

💪 Callinex MRE Is Out

Callinex Mines Inc. (TSXV: CNX) (OTCQX: CLLXF) has filed an NI 43-101 technical report supporting the high-grade copper maiden mineral resource estimate for its wholly-owned Pine Bay Project in Manitoba.

Highlights:

• Rainbow deposit: Indicated Mineral Resource of 3.44 Mt at 3.59% CuEq containing 272.4 Mlb CuEq. Inferred Mineral Resource of 1.28 Mt at 2.95% CuEq containing 83.4 Mlb CuEq.

• Pine Bay deposit: Inferred Mineral Resource of 1.0 Mt at 2.62% Cu, containing 58.1 Mlb Cu.

As part of its 2023 exploration campaign, Callinex has drilled 6,455m and awaits results. They've also secured a $500,000 grant from the Manitoba Mineral Development Fund to further discoveries at Pine Bay.

The firm continues to explore deeper deposits and is keenly anticipating results from its ongoing drilling campaign.

📰 In Other News:

🧐 Visual Of The Day

🤣 Meme Of The Day

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.