Greetings Contrarian,

This is The Next Big Rush, your daily drop of mining/energy investing news. Where we come together and ... HAPPY ST. PATRICK'S DAY!!! ☘️ 🍻

Here are the lucky points:

🎩 Kazatomprom: Profits Up, Production Down

🎩 EU ❤️ Nickel + Copper

🎩 Filo Mining Hits It Big For the 100th Time

🎩 Best Copper Hits

 🚨 Kazatomprom: Profits Up, Production Down

We were going to write a half-baked , Guinness-induced well-crafted, witty text on the world’s largest producer of uranium's financials, Kazatomprom, (40%+ of global market share), but Prof. John Quakes has already given us all we need to know and have been saying:

Uranium is more expensive to produce, CAPEX is sky-high; production is down.

Company profits were way up regardless. We expect a fat dividend, but what do we know?

EU ❤️ Nickel + Copper

The European Union has recognized copper and nickel as strategic materials for the first time (about time). They’ve been added to the Critical Raw Materials Act (CRMA), which previously focused on specific minerals like cobalt, lithium, and rare earths. 

The EU's decision to include copper and nickel in the CRMA means that projects considered strategic will benefit from faster permits and easier access to financing.(Hallelujah!)

Industry groups and companies argue that more needs to be done to ensure a steady supply of materials for the green transition, such as including aluminum and addressing fair competition with China. (Yes).

Some organizations, including the VDM Association of German Metal Traders and Recyclers, have called for the inclusion of aluminum and zinc as well. They argue that these metal industries also require quick approval processes and competitive energy prices. (Yes)

While the EU currently produces about 15% of its copper needs, the CEO of Aurubis, Europe's largest refined copper producer, warns that the situation could worsen as mines deplete.

He emphasizes the importance of approving new mining projects in a timely manner and ensuring fair competition with China and other countries for the metals recycling industry to prosper.

Can you imagine if we just made it a tad less bureaucratic to mine like….any mineral?

🤦🏻‍♂️ Filo Mining Hits It Big For the 100th Time

Filo Mining Corp. (TSX: FIL) (Nasdaq First North Growth Market: FIL) (OTCQX: FLMMF) came out with assay results from holes FSDH074 and FSDH077 at the Filo del Sol Project in San Juan, Argentina.

Highlights:

Drillhole FSDH074 intersected 1,022.0m at 0.66% CuEq from a depth of 278.0m, including;

516.0m at 0.79% CuEq from 644.0m

252.0m at 0.85% CuEq from 840.0m

The hole was stopped in porphyry mineralization at 1,509.0m

Drillhole FSDH077 intersected 2.0m at 10.35 g/t Au from a depth of 192.0m;

Plus 516.2m at 0.20% CuEq from 404.0m

The hole was stopped at 920.2m

The Flamenco target (Hole 77) sits over 3km to the south of the Aurora Zone, and is characterized by a very large, 1.5km2, area of intense surface alteration similar to what was dicovered the Aurora Zone.

The stock reached an all-time-high of $27 in January and now sits just under $20.

Copper Hits Of The Week

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.