⛏ Vizsla Spins Out Royalty

PLUS: Nanocap Hits Pollymetalic Vein

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 have lunch as a family.

Here are the highlights:

😉 Nanocap Hits Pollymetalic Vein

🙃 Vizsla Spins Out Royalty

🐦 Tweet Of The Day

😉 Nanocap Hits Pollymetalic Vein

Terra Balcanica Resources Corp. (CSE:TERA; FRA:UB1) announced additional assay results from the 2023 Phase II drill campaign within its flagship Viogor-Zanik project in Bosnia and Herzegovina.

Highlights:

  • 3.8m of 499 g/t AgEq

The stock is up today but do bear in mind this is a very small company at a hair under C$4m. What else can they find?

🙃 Vizsla Spins Out Royalty

Vizsla Silver Corp. (TSXV: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) announced its intention to spin out the shares of Vizsla Royalties Corp., a wholly-owned subsidiary of Vizsla Silver, to the Company's shareholders related to the 100% owned Panuco silver-gold project located in Sinaloa, Mexico.

Highlights:

  • The royalty consists of a 2.0% net smelter return royalty on certain unencumbered concessions within the Project, and a 0.5% net smelter return royalty on certain encumbered concessions within the Project, which already have a pre-existing 3.0% net smelter return royalty (the “Underlying Royalty”).

For good measure, the stock is down over 4.4% on the news because we hate money.

📰 In Other News:

🐦 Tweet Of The Day

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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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