⛏ Historic Uranium Mines Acquired

PLUS: Goviex Gets Pressed By Niger Government

👷‍♀️ Greetings Contrarian,

This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and light the fireplace. 🔥

📌 Commodity Prices

Source: Trading Economics, Numerco.

📝 Here are the highlights

🧐 Historic Uranium Mines Acquired

🙄 Goviex Gets Pressed By Niger Government

🐦 Amazing Uranium Contracts Signed

🧐 Historic Uranium Mines Acquired

Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) announced that its earn-in partner Rush Rare Metals Corp. (a client and partner of TNBR), again guided by proprietary data, has acquired the historic Bonanza and Kermac/Day uranium mines at Copper Mountain. The data from the 60s points to the following.

Highlights:

  • Bonanza Mine produced around 780,000 lbs from 30,000 tons of ore at a grade of 1.3% eU3O8.

  • Day Mine, 1,152 tons of ore were mined at grades of between 0.12% and 0.56% eU3O8.

"Bonanza-Kermac" aggregates 280 acres, and its acquisition increases the area subject to Myriad's 75% earnable interest under the property option agreement between Myriad and Rush from 3,605 acres to 3,886 acres.

Two sleepers, but we are abundantly biased and happy to remain so.

🙄 Goviex Gets Pressed By Niger Government

GoviEx Uranium Inc. (TSXV: GXU, OTCQX: GVXXF) is negotiating with the Government of Niger about starting its mining operations at the Madaouela Project.

The current junta in Niger (interim government post-coup) claims Goviex must begin mining by July 3, 2024, to avoid losing their permit. The mine — which is not yet fully financed, let alone built, will definitely not be magically producing until then.

The stock is suffering mightly at the moment, hitting a 52-week low because the market has forgotten they are advancing projects in other countries as well.

📰 In Other News

🐦 Amazing Uranium Contracts Signed

📮 Other Great Newsletter

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