Greetings Contrarian,

This is The Next Big Rush, your daily drop of mining/energy investing news. Where we come together and eat too much hoping to magically get our summer bodies anyway.

Here are the highlights:

Niger Mine Extended For A Decade

Westinghouse New SMR

Lundin Gold Wins Again

Best Silver Drills

Niger Mine Extended For A Decade

The government of Niger and French nuclear company Orano have signed an agreement to extend the operational life of Niger's only uranium mine, Somair, until 2040.

Orano has pledged to invest $44 million in education and other priority sectors in Niger as part of the deal.

The partners have also agreed to postpone the start of mining at Imouraren, a site with one of the world's largest uranium deposits. The feasibility of starting mining at Imouraren will be determined within the next 10 years.

Westinghouse New SMR

On May 4th, Westinghouse launched the AP300™ Small Modular Reactor, the only SMR based on an operating and advanced nuclear plant, the AP1000® reactor.  

According to them, The AP300 is a Small Modular Reactor (SMR) developed by Westinghouse, based on proven and reliable AP1000 pressurized light water technology. It has advanced passive safety systems, is readily deployable, and has a simplified, modular, ultra-compact nuclear island construction, reducing construction costs and schedule. The AP300 SMR has the capability to stabilize modern renewable heavy electric grids and support variations in demand, including supporting district heating, desalination, and hydrogen production.

Just a public service reminder: we have not yet seen any supply demand models for uranium which include the utilization of small modulr reactors. (Tears of joy)

Lundin Gold Wins Again

Lundin Gold Inc. (TSX: LUG), (Nasdaq Stockholm: LUG), (OTCQX: LUGDF) - the Company that owns 100% of the Fruta del Norte gold mine in southeast Ecuador - has released the results from its conversion and near-mine drilling programs.

They’ve published the discovery of three new targets of interest - Fruta del Norte South ("FDNS"), Bonza Sur, and Castillo - located to the south of FDN through its near-mine drill program.

Highlights:

• 5.16 g/t gold over 41.8 m from a depth of 397.3 m, including:

  • 8.56 g/t Au over 18.0 m from 421.3 m (at FDNS)

• 8.27 g/t gold over 39.0 m from a depth of 58 m, including:

  • 277.0 g/t Au over 1.0 m from 70.0 m (at Bonza Sur)

• 46.98 g/t gold over 3.5 m from a depth of 126.6 m, including:

  • 87.58 g/t Au over 1.8 m from 128.3 m (at Bonza Sur)

Best Silver Drills

Happy Speculating!

The Editor

P.S. No emojis for you today. Deal with it.

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.