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- โ Vizsla Spins Out Royalty
โ Vizsla Spins Out Royalty
PLUS: Nanocap Hits Pollymetalic Vein
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 have lunch as a family.
Here are the highlights:
๐ Nanocap Hits Pollymetalic Vein
๐ Vizsla Spins Out Royalty
๐ฆ Tweet Of The Day
๐ Nanocap Hits Pollymetalic Vein
Terra Balcanica Resources Corp. (CSE:TERA; FRA:UB1) announced additional assay results from the 2023 Phase II drill campaign within its flagship Viogor-Zanik project in Bosnia and Herzegovina.
Highlights:
3.8m of 499 g/t AgEq
The stock is up today but do bear in mind this is a very small company at a hair under C$4m. What else can they find?
๐ Vizsla Spins Out Royalty
Vizsla Silver Corp. (TSXV: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) announced its intention to spin out the shares of Vizsla Royalties Corp., a wholly-owned subsidiary of Vizsla Silver, to the Company's shareholders related to the 100% owned Panuco silver-gold project located in Sinaloa, Mexico.
Highlights:
The royalty consists of a 2.0% net smelter return royalty on certain unencumbered concessions within the Project, and a 0.5% net smelter return royalty on certain encumbered concessions within the Project, which already have a pre-existing 3.0% net smelter return royalty (the โUnderlying Royaltyโ).
For good measure, the stock is down over 4.4% on the news because we hate money.
๐ฐ In Other News:
๐ฆ Tweet Of The Day
Looking for uranium nanocaps and canโt find anything cheaper than @RushRareMetals@MyriadUranium and @pegasusresinc
Let me know if you have any bright ideas.
๐ก
โ Fabi (@TheNextBigRush)
2:42 PM โข Jan 17, 2024
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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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