⛏ Uranium Market Tightens

PLUS: Porphyry Hit

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 enjoy Thanksgiving Day.

Here are the highlights:

😎 Uranium Market Tightens

🤒 Porphyry Hit

🤣 Meme Of The Day

😎 Uranium Market Tightens

The uranium procurement market is showing signs of pressure, which is a surprise to absolutely no one who has read this humble newsletter for the last number of months.

The price of yellowcake, a key component in nuclear power generation, has surged by over 60% this year due to the growing interest in nuclear energy as a reliable and independent energy source.

Highlights of the thesis:

  • Global yellowcake supply: 145 million lb.

  • Annual demand: 180 million lb.

  • Projected demand by 2040: 300 million lb.

Rumour has it that an overly confident RFP put out by a prominent Korean utility company has gone no bid, which confirms only one thing: it’s a seller’s market.

The delta between the price of both long-term and spot prices versus junior equities is massive. 

Opportunity?

🤒 Porphyry Hit

Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) (FSE: PQWN) reports successful results from its 2023 diamond drill campaign at the RDP copper-gold project in British Columbia, through a JV with Antofagasta PLC (ANTO: LSE).

Highlights:

  • 19.0 m of 0.45% CuEq

  • 18.5 m of 0.43% CuEq

The stock sold off to magical, weird, unknown reasons.

📰 In Other News:

🤣 Meme Of The Day

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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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