The Only Positive Tesla Headline You’ll Read All Week

Greetings Contrarian,

This is The Next Big Rush, a daily newsletter to keep you informed entertained about the world of mining/energy investing. Where we make fun of junior mining CEOs together. 🥸

The Scoop:

• The Only Positive Tesla Headline You’ll Read All Week

• Petrobras Tanks As Lula Gives Investors The Finger

• FPX Finds More Nickel At Van Target

THE ONLY POSITIVE TESLA HEADLINE YOU’LL READ ALL WEEK 🔋

Piedmont Lithium (ASX: PLL) and Tesla have amended their three-year off-take deal, with Piedmont set to deliver 125,000 metric tons of spodumene concentrate to Tesla from the second quarter of 2023.

The pricing of the concentrate will be based on average market prices for lithium hydroxide monohydrate, and will be determined by market prices at the time of each shipment.

Piedmont top hat Keith Phillips said the agreement reflects the importance and growing demand for a North American lithium supply chain, and will help keep critical resources in North America.

Piedmont also has an off-take agreement with Sayona Quebec, with purchases subject to floor and ceiling prices for the life-of-mine term. Commercial shipments start in Q3.

Not bad, Piedmont. Not bad. 👌🏼

OIL GIANT PETROBRAS TANKS AS LULA GIVES INVESTORS THE FINGER 🛢

Timeline of Events:

1- Newly elected Brazilian criminal president Lula comes into office Jan 1st.

2- Promises to lower oil imports and cap prices for the national market.

3- Appoints political buddy to run the $63B company.

Result: Stock (NYSE: PBR) dips as low as 10% on first trading day of the year, fights to make a comeback the next day. Forward dividend yield set to be a ridiculous 71%.

Seventy-one percent.

🤯

FPX FINDS MORE NICKEL AT VAN TARGET 🤘🏼

FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) confirm more nickel goodness has been found at Van Target, expanding the mineralized footprint at Van to approximately 2 km in strike length by 1 km in width.

• New drill hole 22VAN-016 intersected 426.9 m grading 0.127% DTR Nickel (0.204% Total Nickel), starting at an approximate vertical depth of 9 m below surface (I could dig that deep with a spoon, just so you know).

• The highest grades to-date at Van are in the southwest portion of the target area, where future step-out drilling is planned to test the further lateral and depth extension of mineralization. I.e. expect more digging targeting (pun intended) higher grades.

MEMES OF THE DAY..... ('Cause Junior Mining CEOs Still Hungover From NYE, Not Much to Report From Vancouver)

Later, gator

The Editor

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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.