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- ⛏ Uranium in Sweden?
⛏ Uranium in Sweden?
PLUS: Fireweed 100m + Paydirt
Greetings Contrarian,
Source: Trading Economics, Numerco.
This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and ride motorcycles.
Here are the highlights:
🤞 Uranium in Sweden?
😉 Fireweed 100m + Paydirt
😵 Filo 1km Hit
🤞 Uranium in Sweden?
Sweden's Climate Minister, Romina Pourmokhtari, announced plans to end the uranium mining ban, supporting the country's goal to expand nuclear energy capacity. The Swedish Parliament is largely in favor of the ban's removal.
The government intends to construct at least ten reactors over the next 20 years. Earlier, Prime Minister Ulf Kristersson mentioned changes to legislation to promote nuclear investments. Although Sweden planned to phase out nuclear power in 1980, this decision was reversed in 2010. Presently, nuclear reactors contribute 40% of Sweden's electricity. Pourmokhtari aims to double this output in two decades.
With Sweden holding 80% of the EU's uranium deposits, companies like Aura Energy (ASX: AEE) and District Metals (TSX: DMX) have uranium projects there. BIG if true.
😉 Fireweed 100m + Paydirt
Fireweed Metals Corp. (TSXV: FWZ; OTCQB: FWEDF) showcases impressive intersections at the Boundary Zone, forming a part of the expansive sediment-hosted massive sulphide system, during their 2023 exploration at the Macmillan Pass Project, Yukon.
Highlights:
118 m of 15.1% Zinc, 2.8% Lead, and 85.8 g/t Silver.
82.5 m of 11.9% Zinc, 2.2% Lead, and 81.2 g/t Silver.
Upcoming assays to cover intersections ranging from 25 m to 140 m. Further drilling is in process as the zone remains uncharted at certain depths. This venture marks one of the company's most ambitious drilling initiatives.
Stay Tuned!
😵 Filo 1km Hit
Filo Corp. (TSX: FIL) (Nasdaq First North Growth Market: FIL) (OTCQX: FLMMF) showcases robust assays from the Aurora Zone at their Filo del Sol Project, San Juan, Argentina, also revealing unexpected results from their geotechnical drilling.
Highlights
1,406m at 1.13% CuEq from 170m
Mineralized intersections affirmed, pointing to robust hydrothermal alteration spreading up to 2km east of Aurora Zone.
Just HOW BIG is this monster?!?!?!
📰 In Other News:
🧐 Visual Of The Day
Silver Producers: Q2 Silver Production & AISC twitter.com/i/web/status/1…
— Mining Visuals (@MiningVisuals)
6:22 PM • Aug 21, 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.
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