Greetings Contrarian,

This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and celebrate Friday with a good beer, cheers! 🍻

Here are the highlights:

🤞 MRE Boosted By 173%

🫤 Global Atomic Updates

🧐 Visual Of The Day

🤞 MRE Boosted By 173%

Allkem Limited (ASX | TSX: AKE) has provided an updated Mineral Resource Estimate for its James Bay Lithium Project in Québec, Canada.

Highlights:

• The updated Mineral Resource of 110.2 Mt @ 1.30% Li₂O includes 54.3 Mt @ 1.30% Li₂O in the Indicated category, and an additional 55.9 Mt @ 1.29% Li₂O in the Inferred category

The maiden Inferred Mineral Resource in the NW Sector remains open along strike and at depth, with excellent growth potential.

🫤 Global Atomic Updates

Global Atomic has published an update on its Dasa Project as well as the current political situation in Niger pertaining to its advancement. According to the company, following Niger's political upheaval on July 26, where President Mohamed Bazoum was detained, the situation remains calm with the company's operations continuing normally.

New governmental appointments have taken place, including Energy, Mines and Petroleum Minister, Mr. Mahaman Moustapha Barké, previously of SOPAMIN. This new appointment may facilitate discussions about the Dasa Project. Although borders are reopening, movement of goods and services may take time. It seems like ECOWAS, a union of countries in West Africa, aims to resolve political tensions diplomatically.

The company is reassessing its development schedule due to the current situation, conserving cash but continuing essential engineering on the Dasa Project. A contingency plan might delay the Processing Plant's commissioning by 6–12 months. The construction timeline for the Dasa Project is under review due to Niger's political climate.

After a high of C$2.84 on the 26th of July, the company’s stock hit a low of C$1.30 this week and has been holding the C$1.40 – C$1.50 level since.

📰 In Other News:

🧐 Visual Of The Day

🐦 Tweet 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.