👷‍♀️ Greetings Contrarian!

This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and go to the zoo. 🦁

📝 Here are the highlights

😎 Gold Gains Ground

👏 Abitibi Step-Outs

🐦 URANIUM PROJECT BANNED

📌 Daily Commodity Prices

😎 Gold Gains Ground

Gold prices rose today, supported by a weaker U.S. dollar, as investors turned their focus to upcoming trade developments, particularly the looming August 1 tariff deadline.

Spot gold climbed 0.5% to $3,364.50 per ounce, while U.S. gold futures gained 0.4%. Confidence in a potential U.S.-EU trade deal, voiced by Cantor Fitzgerald’s Lutnick, offered further market optimism. However, expectations for a U.S. Federal Reserve rate cut remained uncertain amid persistent inflation and strong economic data, according to ANZ.

Meanwhile, China’s gold and platinum imports declined in June compared to the previous month.

👏 Abitibi Step-Outs

Abitibi Metals Corp. (CSE: AMQ; OTCQB: AMQFF; FSE: FW0) reported successful step-out drilling at the B26 Deposit in Québec, Canada.

Highlights:

• 20 metres of visual VMS-style mineralisation in hole 1274-17-269-W1b, 80 metres beyond current resource boundary (assays pending)

• 6.6 metres of strong mineralisation from 993.0 metres downhole within a broader 17.4-metre zone

• 4,829 metres drilled to date in Phase 3; two rigs active with 15,171 metres remaining

The B26 system remains open in multiple directions, and current drilling is focused on expanding high-priority zones including western, eastern, down-plunge and southeastern targets.

📰 In Other News

🐦 URANIUM PROJECT BANNED

Happy Speculating!

The Editor

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