⛏ Lithium Deal Down Under

PLUS: Niger Uranium Halted

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 enjoy a great breakfast.

Here are the highlights:

🤝 Lithium Deal Down Under

🤩 Colombian Junior Hits Record

😕 Niger Uranium Halted

🤝 Lithium Deal Down Under

Hancock Prospecting, owned by Australian billionaire Gina Rinehart, has increased its stake in lithium miner Liontown Resources (ASX: LTR). Rinehart now holds a "substantial shareholder" position, potentially seeking a board seat and rivaling Albemarle's buyout offer for Liontown.

Highlights:

  • Kathleen Valley lithium deposit: 156M tonnes, 1.4% Li2O, 130ppm Ta2O5

  • Initial production: 500K tonnes/year

  • Expansion target: 700K tonnes/year in 6 years

The markets go up and down, the talking heads are theorizing, but lithium deals keep getting made left and right.

🤩 Colombian Junior Hits Record

Aris Mining Corporation (TSX: ARIS) (OTCQX: TPRFF) reports record gold production at its Segovia Operations in Colombia during August 2023, marking the highest monthly production since the Maria Dama processing plant expansion in 2022.

Highlights:

  • Gold production: 19,406 ounces

  • Average gold grade: 11.7 grams per tonne

  • Gold recovery rate: 95.5%

  • Zinc concentrate: 148 tonnes

  • Lead concentrate: 103 tonnes

Aris Mining anticipates producing approximately 400,000 ounces of gold in Colombia by 2026.

Check out that grade, ladies and gents!

😕 Niger Uranium Halted

Even though fake reports have been put out regarding the banning of exports of uranium from Niger, the hard truth of sanctions from neighbouring countries has effectively caused the same consequence.

The French company Orano has announced the temporary suspension of its uranium production in Niger. This decision is a response to the ongoing closure of Niger's primary supply corridor and the depletion of chemical stocks, linked to international sanctions against the country. Orano is actively working to maintain operations at other sites with support from its teams in France.

Niger, up until the coup responsible for 5% of global production, was the second biggest supplier to the EU in 2022.

📰 In Other News:

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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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