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- ⛏ Historic Uranium Mines Acquired
⛏ 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
Breaking news! China leads the way: CNNC reaches a #uranium supply agreement with CNUC where there is a floor price but no ceiling price. Others will follow in the wake. It is an entirely seller's market
— Borja (@piterloskot82)
Apr 19, 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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