⛏ Off-scale Uranium

PLUS: Osino Gets Taken Out

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 prepare the house for Christmas.

Here are the highlights:

💪 Off-scale Uranium

🤝 Osino Gets Taken Out

🐦 Tweet Of The Day

💪 Off-scale Uranium

F3 Uranium Corp (TSXV: FUU) (OTCQB: FUUFF), a sponsor of TNBR’s Youtube Channel is announcing initial scintillometer results from the last eleven drill holes of the fall drill program on the Patterson Lake North Property, Athabasca Basin, Canada.

Highlights:

  • 1.50m of continuous off scale radioactivity (>65,535 cps)

  • 1.35m of composite off-scale radioactivity (>65,535 cps)

An additional 5 targets have casing already set in anticipation of the upcoming winter 2024 drill campaign, slated to begin in early January 2024.

🤝 Osino Gets Taken Out

Dundee Precious Metals Inc. (TSX:DPM) and Osino Resources Corp. (TSXV: OSI) (FSE: RSR1) (OTCQX: OSIIF) announce they have entered into a definitive agreement whereby DPM will acquire all of the issued and outstanding common shares of Osino pursuant to a plan of arrangement.

Osino’s Twin Hills project, discovered in 2019, is an advanced-stage project with a 13-year mine life, expected to produce 175,000 ounces of gold annually for the first five years. Osino shareholders will receive C$0.775 in cash and 0.0801 DPM shares per Osino share, valuing each Osino share at C$1.553 and the entire deal at C$287 million.

Post-transaction, Osino shareholders will own about 7% of the combined company. 

Congratulations, Heye — nice premium too at 44%.

📰 In Other News:

🐦 Tweet Of The Day

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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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