Greetings Contrarian,

This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and help each other.

Here are the highlights:

🔥 Uranium Explodes

🤩 60m of Gold in BC

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🔥 Uranium Explodes

Kazatomprom, the world's largest uranium miner, announced it will produce only 80% of its permitted uranium output in 2024, instead of the previously planned 90%. This reduction is due to difficulties in procuring sufficient sulfuric acid, a key component in their mining process.

The company produced 80% of the allowed levels annually since 2018 but had aimed to return to 90% in 2024 and 100% in 2025. Increased domestic demand for sulfuric acid and supply chain disruptions have caused shortages. This situation could impact production plans for 2025, with any adjustments to be announced in the first half of 2024. 

Kazatomprom, accounting for roughly 30-40% of global production, is trading higher (10% as we type this). Sometimes it pays to be the rainmaker in the market — as the market heats up, all you have to do is not increase production and get paid a lot more for the same output. Equities and spot prices have both jumped on the news.

🤩 60m of Gold in BC

Thesis Gold Inc. (TSXV: TAU) (WKN: A3EP87) (OTCQX: THSGF) reported assay results from drilling at the Thesis II and Thesis III zones from its 100% owned Ranch Project, Toodoggone Mining District in Northern British Columbia.

Highlights:

• 60.00m of 4.53 g/t gold from 84m 

• 24.32m of 2.93 g/t gold from 32m

• 39.90m of 2.39 g/t Au from 4m

The 60m hit was a nice step-out.

You can expect a much awaited Resource Estimate from these and other holes.

📰 In Other News:

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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.