👷‍♀️ Greetings Contrarian,

This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and walk the dog. 🐕

📌 Commodity Prices

📝 Here are the highlights

🤠 Uranium Junior Gobbling Up Wyoming

🤝 A New Gold Producer Emerges in S.A.

🐦 Uranium Price Not High Enough?

🤠 Uranium Junior Gobbling Up Wyoming

Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) through its earn-in partner at the Copper Mountain Uranium Project, Rush Rare Metals Corp. (a partner and sponsor of TNBR), has enhanced its Copper Mountain Uranium Project through a 20-year mining lease with Diamond X Ranch, expanding the project area by 320 acres to a total of 4,206 acres.

This agreement, involving a $5,000 signing bonus and $8,000 annual lease payments, positions Myriad to further develop the significant Canning deposit, anticipated to contain between 8.79 Mlbs (at 0.017% eU₃O₈) and 19.0 Mlbs (at 0.039% eU₃O₈). The lease terms include a royalty of 1% to 3% on net returns from uranium sales, depending on property rights held by Diamond X.

This follows announcements of more claims and expansions by the companies — this will be a very promising summer for the company as it looks to prove up the lbs in the region and bring resources to NI-43-101 standards. At less than C$9m, this one’s stupid cheap.

🤝 A New Gold Producer Emerges in S.A.

G Mining Ventures Corp. (“GMIN”) (TSX: GMIN) (OTCQX: GMINF) and Reunion Gold Corporation (“RGD”) (TSXV: RGD) (OTCQX: RGDFF) announced they have entered into a definitive agreement to combine the two companies, setting the stage for the creation of a leading intermediate gold producer.

The transaction involves GMIN issuing 0.5 of its shares for each RGD share, effectively valuing RGD shares at a 52% premium based on the 20-day volume-weighted average prices prior to the announcement. This strategic merger aims to enhance GMIN's project portfolio by adding RGD’s Oko West Project in Guyana, expected to generate substantial gold production. 

RGD shareholders will receive estimated consideration of $0.65 per RGD common share, an estimated Transaction equity value of $875 million. 

This consolidation in South America answers our longstanding question of what’s next for GMIN, a rare company that’s so good at what they do they often build mines under budget and on time. Which is as rare as a purple unicorn in this business.

Congrats to the team!

📰 In Other News

🐦 Uranium Price Not High Enough?

Happy Speculating!

The Editor

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