👷‍♀️ Greetings Contrarian!

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

📝 Here are the highlights

🤝 M&A Deal Alert

😎 Canalaska Does It Again

🐦 Is The Uranium Trade Over?

📌 Commodity Prices

🤝 M&A Deal Alert

NexGold (TSXV: NEXG) and Signal Gold (TSX: SGNL) are merging to form a near-term gold developer with combined assets of 4.7 million ounces in Measured and Indicated gold resources. The merged entity will focus on NexGold’s Goliath Gold Project (Ontario) and Signal’s Goldboro Gold Project (Nova Scotia).

The goal is to produce over 200,000 ounces of gold annually. Deal terms include Signal shareholders receiving 0.1244 NexGold shares per Signal share, resulting in 71% ownership by NexGold and 29% by Signal shareholders.

Market reaction has $NEXG down slightly while $SGNL up above 5% on the news.

😎 Canalaska Does It Again

In what now seems like a monthly occurrence, CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7) reports assay results from some of the drillholes completed on the Pike Zone during the summer of 2024.

Highlights:

• 25.8 metres of 6.47% uranium, including 4.0 metres of 22.78% uranium.

• 16.2 metres of 7.63% uranium, including 6.1 metres of 17.31% uranium.

Volume has been shy for such good news… Can they convince the market this is worthy of a follow-up?

📰 In Other News

🐦 Is The Uranium Trade Over?

Happy Speculating!

The Editor

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