⛏ Transformative Copper Deal

PLUS: Uranium Spot Rips

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 order pizza.

Here are the highlights:

😎 Transformative Copper Deal

🚀 Uranium Spot Rips

🤣 Meme Of The Day

😎 Transformative Copper Deal

Abitibi Metals Corp. (CSE:AMQ) (OTC:GSKKF) (FSE:4KG) announced that it has signed a Definitive Agreement to acquire up to 80% of the B26 Deposit from SOQUEM Inc., a subsidiary of Investissement Québec.

Highlights (from 2018):

  • Indicated: 6.97 Mt at 2.94% Cu Eq (1.32% Cu, 1.80% Zn, 0.60 g/t Au and 43 g/t Ag)

  • Inferred: 4.41 Mt at 2.97% Cu Eq (2.03% Cu, 0.22% Zn, 1.07 g/t Au and 9 g/t Ag)

Abitibi is the first public company with an option to earn into the B26 Polymetallic Copper Deposit (Cu-Zn-Au-Ag), one of Quebec’s most promising mineral discoveries in its heyday, with a current strike of 1 km and depth extent of 0.8 km, open for expansion. 

The stock has doubled since. We’re long, strong and biased.

🚀 Uranium Spot Rips

The spot price of U3O8 has ripped past $75 to over $77 in very short order (may be $78 by the time you read this).

The short-term market has proven to be extremely illiquid as volumes have declined month-over-month since July, in a period when the spot price has surged roughly 45%. The price of UF6 is also up $8 to reach $252 and conversion has reached an all-time high of $46. 

I don’t know about you, but if I were sitting on a billion lbs worth of material hidden in a desert somewhere, I’d be unloading right about now. 😉

📰 In Other News:

🤣 Meme Of The Day

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