Greetings Contrarian,

This is The Next Big Rush, your daily drop of mining/energy investing news. Where we come together and are pleasantly surprised by today's non-junk news.

Here are the goodies:

😇 Moly Skyrockets

😇 500m Gold Found

😇 Uranium Drama Comes To An End

🤯 Moly Skyrockets

Much to the joy of Kevin Bambrough , the little-known metal market for molybdenum, a commodity used to strengthen steel, has experienced a 122% rally due to a supply squeeze and increasing demand from the renewables and military sectors.

This surge in demand has caused a key benchmark for molybdenum to increase to 5,510 yuan ($799) per ton as of Wednesday, with much of the gain happening in recent months.

According to Grant Sporre, an analyst at Bloomberg Intelligence, this is due to a combination of strong demand from the energy sector and disruptions in the supply chain. (Where have we seen this before?)

Molybdenum is typically extracted as a by-product of copper mining and higher molybdenum prices are benefitting companies like Freeport-McMoRan Inc., Antofagasta Plc and Southern Copper Corp.

However, the surge in molybdenum prices has already caused some stainless-steel producers to cut output.

Do you have any exposure to Moly?

🙌🏼 558m of Gold

Snowline Gold (CSE: SGD) (OTCQB: SNWGF), the company that only ever finds gold in hundreds of meters, is out with yet another hit at the Valley Discovery, Rogue Project, in the Yukon:

• 1.26 g/t Au over 558.7 m from surface, including 2.04 g/t Au over 202.0 m in 207 m step-back from previous highlight hole V-22-010

• It’s now the longest mineralized intersection to date at Valley, expands width of central high-grade zone significantly to the north and demonstrates strong continuity to depth

• Assays still pending for 3 holes drilled at Rogue in 2022, along with surface results from various targets and properties in Snowline’s portfolio.

And because we’re in a raging bull market, the stock did absolutely nothing until the last few minutes of trading, reaching almost 10%+ . Of course.

🫡 Uranium Drama Comes To An End

Global Atomic Corp. (TSX: GLO) (FRANKFURT: G12), the company that’s recently been hit with an NGO lawsuit in Niger that’s halted its final mine financing as mentioned here only 9 days ago,

has come out with brilliant, faster than a Happy Meal piece of news:

The appeal’s court of Niger has thrown away the lawsuit and Global Atomic is free to carry out their business.

Happy days for brave souls who bought the dip - the company closed up 8.8% on the day.

The company had published the news today that it had cancelled the most recent financing, which should now be underwritten under different terms. If those are to be better, than touché to Stephen Roman, CEO.

Meme of The Day

How awesome is this WEEKEND going to be?

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.