Greetings Contrarian,

This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and go out for dinner.

Here are the highlights:

🥳 U.S. Increases Nuclear Support

🤩 PMET Juicy Lithium Resource

👏 114 m of 3.1 g/t Gold From Surface

🥳 U.S. Increases Nuclear Support

As we’ve been saying for the better part of a year, the winds are changing in the USA when the subject is nuclear.

The Nuclear Fuel Security Act of 2023, introduced by Senator Barrasso and co-sponsored by Senators Manchin and Risch, was overwhelmingly passed by the U.S. Senate. Its aim is to establish a Nuclear Fuel Security Program this month, increasing domestic production of uranium for nuclear energy.

This move seeks to reduce reliance on foreign sources, strengthen the economy, and enhance national security. The act received bipartisan support with a vote of 96-3 and is set to be included in the fiscal year 2024 National Defense Authorization Act.

We told you so!

🤩 PMET Juicy Lithium Resource

Patriot Battery Metals (TSX-V: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) announced the resource of what is now known as the largest lithium pegmatite resource in the Americas, CV5, located in Quebec, Canada.

Highlights:

• 109.2 million metric tons with 1.42% Li2O.

• 160 ppm Ta2O5 at a 0.40% Li2O cut-off grade. 

The pegmatite body extends over a 3.7 km strike length and remains open for expansion along strike and depth. The maiden resource estimate includes only CV5 and excludes other spodumene pegmatite clusters on the property, offering significant growth potential.

Patriot plans to continue aggressive drilling and development studies at CV5 and explore other known spodumene pegmatite areas on the property.

Congratulations to Jody and the gang!

👏 114 m of 3.1 g/t Gold From Surface

Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) announced that its ED-07 drill hole in Malheur County, Eastern Oregon has returned continuous mineralization over 114 meters of 3.1 grams per ton gold ending in mineralization.

The Company reports that ED-05 and ED-06 were both mineralized over significant lengths but did not reach our threshold of “material event” as these are holes designed to help confirm the historical database.

📰 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.