⛏ U.S. Uranium Restart

PLUS: Hunter Sells Assets in Newfoundland

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 Santa's sleigh for the long journey.

Here are the highlights:

😉 U.S. Uranium Restart

🤝 Hunter Sells Assets in Newfoundland

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😉 U.S. Uranium Restart

US-based Energy Fuels (TSX:EFR) (NYSE: UUUU) has initiated production at three permitted uranium mines in Arizona and Utah, motivated by surging uranium prices.

The company is also preparing two additional mines in Colorado and Wyoming for production within a year, while advancing permits for several other large-scale US mining projects to boost uranium output in the coming years.

The move is fueled by rising uranium prices, US government support for nuclear energy, and global efforts to reduce carbon emissions. Current uranium spot prices are near $90 per pound, the highest since 2007.

Energy Fuels anticipates a production rate of 1.1 million to 1.4 million pounds annually by mid- to late-2024.

🤝 Hunter Sells Assets in Newfoundland

Gold Hunter Resources Inc. (CSE: HUNT) has announced an agreement with Australian-based Firefly Metals Ltd. (ASX: FFM).

Under the deal, Firefly will acquire all the common shares of Gold Hunter's subsidiary, 1451366 B.C. Ltd., in exchange for 30,290,624 common shares in Firefly Metals valued at CDN$15 million. This transaction is aimed at supporting Firefly's developments at its Green Bay Copper-Gold Project and offering potential benefits to Gold Hunter's shareholders.

The subsidiary holds mineral claims and assets in Newfoundland & Labrador, Canada, which will be assumed by Firefly after closing. The transaction is subject to regulatory, shareholder, and third-party approvals, with a special meeting to seek approval from Gold Hunter shareholders.

Firefly Metals is known for its focus on copper-gold projects, including the high-grade Green Bay Copper-Gold project in Newfoundland & Labrador, and the Pickle Crow Project in Ontario, Canada.

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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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