Greetings Contrarian,

This is The Next Big Rush, your daily drop of mining/energy investing news. Where we come together and breathe.

Here are the highlights:

🎉 Lots More Gold in Guyana

🤨 Nickel Market Crisis: Indonesia x China

🚨 Kazatomprom Massive Deal With China

🎉 Lots More Gold in Guyana

G2 Goldfields Inc. (TSXV: GTWO) (OTCQX: GUYGF) just published additional assay results from the Company’s ongoing drill program at the GHANIE ZONE located within the 19,200-acre OKO Project, Guyana.

Highlights:

• 27m of 6.5 g/t Au (including 6.6m of 24.7 g/t Au)

• 19.1m of 2.8 g/t Au

• 10.5m of 10 g/t Au

G2 intends to release an updated resource estimate for the OKO Project (which will include the OMZ, Ghanie and Shear 1 zones) in the second half of 2023.

🤨 Nickel Market Crisis: Indonesia x China

China's imports of refined nickel have hit a near 20-year low as its preference shifts towards intermediate nickel products from Indonesia.

The country's dependence on Class I refined metal has decreased, with imports down 65% in the first four months of 2023 compared to 2022.

Meanwhile, China's imports of Indonesian nickel pig iron (Class II product) have increased by 46% year-on-year, which raises questions about nickel pricing due to the shift in demand.

🚨 Kazatomprom Massive Deal With China

Kazatomprom, the world’s largest supplier of uranium by a wide margin, has held an annual general meeting and approved the conclusion of a major transaction with CNNC Overseas Limited (aka China) on a Long-term contract for the sale and purchase of natural uranium.

The decision allows other transactions between NAC Kazatomprom JSC and CNNC Overseas Limited for the sale and purchase of natural uranium concentrates, with an upper limit of 200% of the total book value of Kazatomprom assets.

These transactions will further solidify and greenlight bilateral cooperation between Kazakhstan and China in the nuclear industry, as well as increase the long-term sales portfolio of the company.

Great!

A deal with Russia, and now China.

The West is asleep.

Meme of The Day

Your portfolio is today’s meme. Ours too.

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.