⛏ M&A Heats Up Uranium

PLUS: Positive Polymetallic Hit

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 drink orange juice.

Here are the highlights:

πŸ”₯ M&A Heats Up Uranium

😍 Positive Polymetallic Hit

🐦 Tweet Of The Day

πŸ”₯ M&A Heats Up Uranium

IsoEnergy (TSXV: ISO) (OTCQX: ISENF) and Consolidated Uranium (TSXV: CUR) (OTCQX: CURUF) have entered into a definitive arrangement agreement for a share-for-share merger.

Highlights:

  • Consolidated Uranium shareholders will receive 0.500 IsoEnergy common shares for each CUR Share held in the merger.

  • The estimated fully diluted equity value of the combined company is approximately $903.5 million.

  • Existing IsoEnergy shareholders will own about 70.5% of the merged company, while Consolidated Uranium shareholders will own approximately 29.5%.

Iso is known for their high-grade hurricane deposit, while Consolidated has gained a very diversified portfolio of U3O8. This is a mammoth in the making.

😍 Positive Polymetallic Hit

Northisle Copper and Gold Inc. (TSX-V: NCX) has received assay results from its 2023 drill program at the Northwest Expo target on the North Island Project.

Highlights

  • 130m of 1.65g/t Au and 0.33% Cu

  • Including 72m of 2.22g/t Au and 0.41% Cu

  • and 15m of 3.42g/t and 1.15% Cu

The market absolutely loved this hit, as we’re looking at a 30% green candle on the day. Great stuff!

πŸ“° In Other News:

🐦 Tweet Of The Day

How Are We Doing?

Today's mining news was:

Login or Subscribe to participate in polls.

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.

Reply

or to participate.