Greetings Contrarian,

This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and wonder why we didn’t bet the farm in A.I. instead.

Here are the highlights:

🥳  Rio Goes Into Graphite

🤩 Panoro Minerals Hits 316.9 m @ 1.16% CuEq

🥳 Rio Goes Into Graphite

Mining corporation Rio Tinto will acquire a 15% stake in Australian critical minerals developer Sovereign Metals for $27.6 million, marking its first venture into the graphite sector.

The deal comprises Rio Tinto purchasing 83.09 million shares in Sovereign at a 10% premium, along with an option for a further 34.54 million shares, potentially increasing its stake to 19.99%.

The investment will fund a feasibility study for Sovereign’s Kasiya project in Malawi, aimed at producing graphite for lithium-ion batteries and rutile for the pigment and titanium metal industries.

The companies will also partner on technical and marketing aspects of a graphite product for lithium-ion battery anodes.

Graphite.

🤩 Panoro Minerals Hits 316.9 m @ 1.16% CuEq

Panoro Minerals Ltd. (TSXV: PML) (Lima: PML) (Frankfurt: PZM) (OTCQB: POROF) has just announced results of nine additional drillholes that will provide additional information for the new mineral resource estimation at the Cotabambas Cu/Au/Ag Project in southern Peru.

Highlights:

• 316.9m of 1.16% CuEq (0.72% Cu, 0.50g/t Au and 4.01g/t Ag)

• 198.6m 1.46% CuEq (0.83% Cu, 0.74g/t Au, 3.80g/t Ag)

The Company's objective is to complete a Pre Feasibility study in 2023.

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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.