Greetings Contrarian,

This is The Next Big Rush, a daily newsletter to keep you informed about the world of mining/energy investing. Where we come together and wish we had bought the dip. 🍟

Here are the best snacks:

🤭 $PDN And The Offtakes

🤭 PMET Monster Lithium Hit

🤭 Meme - If You Thought The Venture Was Bad...

💹 Paladin Takes Three

Paladin Energy (ASX: PDN), the eventful company mentioned by the divine investor Rick Rule, that went from 1c to $10 then into the depths of almost going bust in a handful of years, has come out with some general updates.

A couple of parts in particular got investors’s attention:

1- Paladin successfully executed three uranium offtake agreements in relation to the previously announced tender awards for the supply of uranium to industry leading counterparties in the US and Europe.

Well done, guys.

2- Up to 3.4Mlb of U3O8 is expected to be supplied to CNNC in 2024 and 2025 under a market-related pricing mechanism. The agreement provides flexibility on delivery timing during the operational ramp-up period, as well as the benefit of early payment arrangements previously negotiated.

We just want to clarify that, at least according to the Shakespearean language norms we abide by today, a “market-related pricing mechanism” is not the same as “at spot” pricing. Some #UTwit folks seemed to be confused.

Maybe Paladin Energy would explain to us how this mechanism works to avoid confusion?

☁️ PMET In High-Grade Heaven?

Patriot Battery Metals (TSX-V: PMET) (ASX: PMT) (OTCQB: PMETF) (FSE: R9GA) (gee these guys are listed everywhere) surpassed an intra-day high of 20+% from yesterday’s close.

The reason? A very thick, juicy hit of a mineral that’s still very much in the news currently: lithium. Duh.

The headliner:

156.9 m at 2.12% Li2O starting at 176.4m deep, including 25.0 m at 5.04% Li2O

Core assay results for twenty-four drill holes from the 2022 drill campaign remain to be reported.

We can only guess how this is going to go.

They're defining a significant high-grade zone as they move east, with drill spacing of 50m-100m.

The current winter drill program will continue to probe and delineate this area ahead of an initial mineral resource estimate planned for the first half of 2023.

You can’t see it, but we’re giving you a standing ovation here, PMET.

🙃 Meme Of The Day

Fortune favours the bold!

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.