⛏ 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

High Yield Harry's NewsletterThe official finance and investing newsletter of High Yield Harry. Full of the latest wall street gossip, niche credit content, and plenty of memes.

How Are We Doing?

Today's mining news was:

Login or Subscribe to participate in polls.

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.

Join the conversation

or to participate.