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The KE Report

The KE Report

195 episodes — Page 4 of 4

Ep 3243Kirkland Lake Discoveries – Ongoing 25,000 Meter Drill Program At KL West, KL East, And KL South At The Newly Acquired Mirado Gold Project In The Abitibi

Stefan Sklepowicz, CEO of Kirkland Lake Discoveries (TSXV: KLDC) (OTCID: KLKLF), joins us for a company introduction and exploration update on their ongoing 25,000 meter drill program across their 400-km2 exploration portfolio in the Kirkland Lake region of Ontario's Abitibi Greenstone Belt; one of the most prolific mining districts in the world. The Company's properties span key fault zones, geophysical anomalies, and volcanic-sedimentary contacts within the Blake River Group, a highly prospective assemblage known to host both gold and polymetallic massive-sulphide deposits. With exploration permits now in place, KLDC is positioned to advance a strong pipeline of drill-ready targets at KL South, KL East and KL West, supported by multiple anomalous soil trends, historical mineral showings, and structurally controlled intersections. Building on exciting drill results from Summer 2025, KLDC has initiated a 25,000m drill program following up on drill-ready targets at both the KL West site and the newly acquired the Mirado Gold Project at KL South. The team combines strong technical experience with a focus on smart, efficient exploration designed to deliver results. 12,000 meters have already been drilled at KL West, where only 1,000 meters of assays have been returned back thus far, from the Wolverine Bend target, with the balance of meters drilled still at the assay lab and expected back in the near future. One of the drills from KL West is being moved down to KL South to put in about 7,000 meters of drilling around the historic Mirado Gold Mine, where there is already a known historic 440,000 ounce gold resource in place. The system is open in all directions and at depth under historic drilling, so the company will be doing some confirmation holes and some step-out or deeper holes to expand the mineralized footprint. We discuss the financial health of the company, where this drill program is fully funded, the key strategic shareholders, and the industry experience and background of the management team and board of directors. The company is also expecting the US shares to list on the OTCQB in the very near future. If you have any questions for Stefan about Kirkland Lake Discoveries then please email them into us at [email protected] or [email protected]. Click here to follow the latest news from Kirkland Lake Discoveries For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Mar 13, 202625 min

Ep 3242Erik Wetterling – PDAC Review – Value Proposition In Cabral Gold, Sonoro Gold, and Cerro de Pasco

Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to review the key takeaways he got from attending the recent PDAC conference in terms of attendance, investor sentiment, reaction to company newsflow before and during the event, and conversations with other investors and management teams. In addition, he reviews the value proposition that has his attention in the corporate news and strategies from 3 advanced gold and silver developers looking to go into the 2nd wave of the Lassonde Curve on the pathway to production in the next 1-2 years >> The companies we discussed in the interview are: Cabral Gold Inc. (TSXV: CBR) (OTCQX: CBGZF) – On March 10, 2026, the Company announced that the Environmental Council (COEMA) for the state of Pará has issued the Licença Prévia ("LP") for the Full Mining License at Cuiú Cuiú Gold District, Brazil. Sonoro Gold Corp. (TSXV: SGO) (OTCQB: SMOFF) (FRA: 23SP) – On Feb. 28, 2026 the Company announced the results of an independent updated Mineral Resource Estimate (“MRE”) and updated Preliminary Economic Assessment (“PEA”) on the Company’s Cerro Caliche gold project located in Sonora State, Mexico. The PEA demonstrates the potential viability for a ten-year life of mine (“LOM”), open pit, heap leach mining operation with an initial one-year ramp up production rate of 12,000 tonnes per day (“tpd”) and an increase to 16,000 tpd for the remaining LOM. Cerro de Pasco Resources Inc. (TSXV: CDPR) (OTCQB: GPPRF) – On March 02, 2026 they announced entering into a Project Development Funding Agreement with the U.S. International Development Finance Corporation (“DFC”), the development finance institution of the United States Government. Under the Agreement, DFC will provide up to US$5 million in milestone-based project development funding to support defined project development activities for the Quiulacocha Tailings Reprocessing Project in Peru. In addition, the Agreement states that DFC is considering the possibility of providing up to US$300 million in long term direct loan financing to support construction of the Project. * In full disclosure, some companies mentioned by Erik in this interview, are positions held in his personal portfolio, and also may be site sponsors of The Hedgeless Horseman website at the time of this recording. Click here to follow Erik’s analysis over at The Hedgeless Horseman website For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Mar 12, 202624 min

Ep 3241Arizona Sonoran Copper – Unpacking The Acquisition By Hudbay Minerals - Anticipated Synergies Of The New Pro-Forma Company

George Ogilvie, President and CEO of Arizona Sonoran Copper (TSX:ASCU – OTCQX:ASCUF), joins us to unpack the key news from March 02, 2026 that Hudbay Minerals Inc. (TSX, NYSE: HBM) and Arizona Sonoran Copper Company announced that they have entered into a definitive agreement pursuant to which Hudbay has agreed to acquire all of the issued and outstanding common shares of ASCU, not already owned by Hudbay, for consideration of 0.242 of a common share of Hudbay per common share of ASCU. The offer implies a value of C$9.35 per ASCU share based on Hudbay's closing share price on the Toronto Stock Exchange (“TSX”) on February 27, 2026, and represents a premium of 30% to ASCU’s closing share price on February 27, 2026. The offer implies a premium of 36% based on Hudbay’s and ASCU’s 20-day volume-weighted-average share prices ("VWAP") on the TSX for the period ending February 27, 2026. The Transaction will result in Hudbay owning a 100% interest in ASCU’s Cactus project. Key Takeaways: Establishes a major copper hub in southern Arizona with the addition of the Cactus project to Hudbay’s existing Arizona business, including the Copper World project Strategically positions Hudbay to become a leading supplier of domestic U.S. refined copper with Copper World and Cactus both expected to be significant producers of copper cathode Provides a clear pathway to scale Hudbay’s annual copper production from ~125,000 tonnes today to more than 250,000 tonnes by 2030 with Copper World and other near term optimization projects, and potential to grow to more than 350,000 tonnes with Cactus Significant operational efficiencies and regional synergies are expected with the staged development of Copper World and Cactus Accretive to Hudbay's shareholders on a net asset value per share basis and on a reserves and resources per share basis with the addition of a high-quality asset in a core jurisdiction, positioning Hudbay’s next phase of growth once Copper World is in production Compelling premium for Arizona Sonoran shareholders with continued participation in the long‑term value of the Cactus project through ownership in Hudbay and immediate exposure to Hudbay’s diversified operating platform, significant free cash flow generation, and industry-leading organic growth pipeline. * If you have any follow up questions for George about Arizona Sonoran, then please email us at [email protected] or [email protected]. In full disclosure, Shad has a position in Arizona Sonoran Copper at the time of this recording and may chose to buy or sell shares at any time. Click here to visit the Arizona Sonoran website to read over all the recent news. For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Mar 12, 202618 min

Ep 3240Mike Larson - The Great Sector Rotation: Oil, S&P, Metals, Bitcoin

In this Daily Editorial, we sit down with Mike Larson, Editor-in-Chief at MoneyShow, to navigate a complex market landscape defined by geopolitical tension and shifting investor sentiment. Following the recent MoneyShow conference in Las Vegas, Mike breaks down the massive volatility in energy markets and why the "boring" sectors are suddenly becoming the stars of the show. Key Discussion Highlights: The Geopolitical Risk Premium in Oil: A deep dive into the impact of the conflict in the Middle East, the effective blockade of the Strait of Hormuz, and why crude prices hit the $120 mark before retreating. The Strategic Petroleum Reserve (SPR) Response: Analyzing the IEA and G7’s "supply bazooka" and whether releasing 400 million barrels is enough to stabilize global markets long-term. Sector Rotation and the Value Resurgence: Why the $XLE (Energy), $XLU (Utilities), and $XLF (Financials) are seeing increased interest as investors rotate out of growth and into value. Inflation and the Federal Reserve’s Dilemma: How rising energy costs are complicating the inflation narrative, potentially pushing back expected rate cuts for 2026. The Outlook for Precious Metals: Why Gold and Silver remain in a "chop" phase despite the global chaos and when we might expect the next leg up in the bull market. Click here to find out about the upcoming MoneyShow conferences - https://www.moneyshow.com/ ---------------- For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Mar 11, 202623 min

Ep 3239Banyan Gold - 40,000 Meter Drill Program Details, High-Grade Drill Results, Franco-Nevada Acquires Existing Royalty

In this update, I am joined by Tara Christie, President and CEO of Banyan Gold (TSX.V: BYN | OTCQB: BYAGF), to discuss a series of major milestones at the AurMac Gold Project in the Yukon. The conversation centers on Franco-Nevada’s recent $52.2 million purchase of a pre-existing royalty on the project, as well as the progress of Banyan’s fully funded 40,000-meter drill program. Key Discussion Points: Franco-Nevada Royalty Acquisition: Tara explains the implications of Franco-Nevada acquiring a 6% NSR (which Banyan can reduce to 1%) for $52.2 million, viewing it as a massive institutional validation of AurMac’s long-term mine potential. The 2026 Drill Program: An overview of the 40,000+ meter campaign currently underway, focused on both resource infill and aggressive step-out drilling, as well as new target drilling across the project. High-Grade Consistency: Analysis of recent drill results from the Airstrip deposit, confirming predictable, high-grade mineralization exceeding 1 g/t gold in the project's early-year mining zones. Regional Exploration Upside: Insight into ten new regional targets across Banyan’s 720 square kilometer land package. Upcoming Catalysts: A look ahead at the news flow for the remainder of 2026, including pending assay results, a Mineral Resource Estimate update in Q2, and the Preliminary Economic Assessment (PEA) slated for the second half of the year. If you have any follow up questions for Tara please email me at [email protected]. Click here to visit the Banyan Gold website - https://banyangold.com/ ----------------- For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned

Mar 11, 202615 min

Ep 3238Aztec Minerals - Connects Gold-Silver Mineralization At Contention and Westside Areas, Drill Program Expanded To 17,000 Meters

In this corporate update, we are joined by Simon Dyakowski, President and CEO of Aztec Minerals (TSX.V: AZT | OTCQB: AZZTF). Simon discusses the significant implications of recent drill results from the Tombstone Project in Arizona, highlighting a major expansion of the exploration program and the geological connection of key mineralized zones. Key Discussion Points Expansion of the 2026 Drill Program: Building on strong results, the company has added 4,500 meters of RC drilling, bringing the total program to approximately 16,700 meters to further test the Westside and Contention zones. Connecting the Mineralized Zones: Recent drilling has successfully demonstrated continuous mineralization between the North Contention pit and the Westside zones, significantly increasing the potential scale of the project. Gold and Silver Zonation: Simon explains the metal distribution across the property, noting that the central Contention zone leans gold-rich, while the Westside and Southern extensions show increasing silver dominance. Deep Porphyry and CRD Targets: Beyond shallow oxide targets, the team is investigating deep-seated potential, utilizing down-hole geophysics and deep core drilling to vector into possible Carbonate Replacement Deposits (CRD) and porphyry systems. Strong Financial Position: With a budget of $1.2 million USD for the expanded program and approximately $7.5 million CAD in the treasury, Aztec is fully funded to execute its aggressive 2026 exploration strategy. Please email me any questions you have for Simon. My email address is [email protected]. Click here to visit the Aztec Minerals website - https://aztecminerals.com/ ----------------- For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Mar 11, 202612 min

Ep 3237Amex Exploration – Bulk Sample Permit Imminent, Phase 1 Feasibility Study Coming in March, Ongoing Development and Exploration Work At The Perron Gold Project and Ontario Projects

Victor Cantore, President and CEO of Amex Exploration Inc. (TSXV: AMX) (OTCQX: AMXEF), joins me for a comprehensive update on all the development work and exploration results that will be feeding into the upcoming bulk sample, and 2-Phase economic studies around their 100% owned high-grade Perron Gold Project located in Quebec, Canada. Additionally, we discuss the near-term exploration campaign about to begin on the expanded land package across the provincial border into Ontario, from staking claims and their 2 recent acquisitions of Perron West and the Abbotsford/Hepburn properties. We start off getting the roadmap to the near-term trial mining of the high-grade Champagne Zone for the upcoming bulk sample. Once the permit is received in March, the plan is to mine the bulk sample material and process ~40,000 tonnes via toll-milling at a nearby plant, which should result in around 20,000-23,000 ounces of gold production. In addition to what they will learn in the process, after investing $40 million into the bulk sample process, it should return about $80-$100 million in non-dilutive capital back, allowing for progressing right into Phase 1 toll-milling for the next several years. There will be an initial Phase 1 Feasibility Study coming out later this month, outlining the first 4+ years of moving into initial production through trucking over high-grade ore and tolling milling it at nearby plants in Quebec. The revenues generated from these processes will fund all the exploration and development work that feeds into the Phase 2 studies; for the move into a larger production scenario processing ore right on their property. All of the data collected and information learned, in combination with with expanding resources from all the ongoing drilling will then be factored into the eventual Phase 2 Feasibility Study on the larger project; where building a processing plant on site will be released which envisions the true potential of the overall larger Project. Recent Champagne Zone Grade Control Drill Results for the Bulk Sample: Drill Hole # PE-19-47W1 – Intercepted 76.51 g/t Au and 7.57 g/t Ag over 6.4 meters (m), including 312.60 g/t Au and 25.85 g/t Ag over 1.55 m Drill Hole # PE-26-894 – Intercepted 110.05 g/t Au and 7.20 g/t Ag over 2.15 m, including 233.96 g/t Au and 14.90 g/t Ag over 1.00 m Drill Hole# PE-21-371W1 – Intercepted 52.36 g/t Au and 8.90 g/t Ag over 0.5 m The exploration team will also be hard at work all year long in Quebec expanding and further updating their Resource Estimate; which currently hosts 2.3 million ounces of gold in all categories, with 1.615 million in Measured and Indicated, and 698,000 in Inferred. The largest portion of those resources come from the Champagne Zone, but with strong contributions from the Grey Cat, Gratien, Western Denise, and Team Zones, and all areas are still open for expansion. The Company plans to drill 100,000 meters, from both around the known deposit at Perron, as well as their newly acquired and staked lands in Ontario, Canada. On March 2nd, they announced having entered into an Exploration Agreement with the Apitipi Anicinapek Nation ("AAN") in respect of the Company's Perron West Project and Abbotsford and Hepburn Projects located in the province of Ontario (collectively, the "Ontario Projects"). There will be plenty of drill assay news coming out to the marketplace consistently throughout 2026 as the Project resources continue to grow.* If you have any questions for Victor regarding Amex Exploration, then please email them into me at [email protected], and we’ll get those addressed or covered in future interviews. In full disclosure, Shad is a shareholder of Amex Exploration at the time of this recording. Click here to follow the latest news from Amex Exploration For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Mar 11, 202617 min

Ep 3236Palamina - Colt Silver Spin Out Details, 2026 Work Programs On Peru Gold Assets

In this company update, we are joined by Andrew Thomson, President and CEO of Palamina Corp (TSX.V: PA | OTCQB: PLMNF). With a vast portfolio of high-grade assets in Peru, Palamina is currently undergoing a strategic spin-out of its silver-copper projects. Andrew provides a comprehensive look at the creation of Cult Silver, the upcoming drill programs at the flagship Usicayos gold project, and why the shifting jurisdictional climate in Peru is creating a "sea change" for resource explorers. Key Discussion Points: The Cult Silver Spin-Out: A detailed breakdown of the transaction involving seven silver-copper projects, including the share distribution ratio (1 Cult Silver share for every 3 Palamina shares held) and the $2.75 million financing currently underway. Galena Silver District Strategy: Why the company is prioritizing the Galena property, located in the same trend as the massive Berenguela deposit, with plans to be drill-ready by August. Usicayos Gold Project Update: Progress on the essential road construction and the timeline for drilling high-grade gold targets in late summer. Peru’s Jurisdictional Shift: Observations on the improving permit reliability and the migration of capital back to Peru as security and permitting challenges persist in neighboring Mexico. Portfolio Management: Plans for the remaining six gold assets within Palamina, including ongoing joint venture negotiations in the Puno Orogenic Gold Belt. If you have any follow up questions for Andrew please email me at [email protected]. Click here to visit the Palamina website to learn more about the Company. ------------------ For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Mar 10, 202610 min

Ep 3235Newcore Gold - Enchi Gold Project Update: High Grade Gold Drill Results, 45,000 Meter Drill Program To Be Upsized, PFS Coming Soon

In this company update, I sat down with Luke Alexander, President and CEO of Newcore Gold (TSX.V:NCAU - OTCQX:NCAUF), to discuss the milestones achieved at the Enchi Gold Project in Ghana. Following the recent injection of $10.3 million from warrant proceeds, Luke provides a deep dive into the company’s ongoing 45,000 meter program (soon to be increased), the discovery of high-grade feeder zones, and what investors can expect as the company advances toward a Pre-Feasibility Study (PFS) in mid-2026. Key Discussion Points: Exploration Progress and Expansion: The company has completed approximately two-thirds of its 45,000-meter drill program, with plans to expand further thanks to a strong cash position. High-Grade Deep Discovery: Recent results highlighted intercepts such as 147.5 g/t gold over 1 meter, signaling significant high-grade underground potential similar to neighboring world-class mines. Strategic Shift to CIL: Luke explains the move to a CIL processing flow sheet, which is expected to increase gold recoveries by 10–15% compared to previous heap-leach models. Upcoming Catalysts: The discussion covers the timeline for the updated Mineral Resource Estimate (MRE) and the much-anticipated release of the PFS slated for June 2026. If you have any follow up questions for Luke please email me at [email protected]. Click here to visit the Newcore Gold website. --------------------- For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Mar 9, 202615 min

Ep 3234John Rubino – The Geopolitical Premium In Oil, Volatility In The Precious Metals Complex, and The Ongoing Commodities Super-Cycle

John Rubino, [Substack https://rubino.substack.com/ ], joins me for another wide-ranging and nuanced discussion around the geopolitical and macroeconomic catalysts and technical momentum factors that are leading to volatility in precious metals like silver, gold, and the related PM stocks; in addition to the oil price and energy stocks. We also review initiatives from industry and governments around the world to secure domestic supplies of critical minerals like copper, uranium, and rare earths. We start off reviewing the volatility and choppy precious metals markets, and how the PM stocks are not fully factoring in the higher metals prices into their current valuations, giving investors accumulating weakness in quality companies an edge. He contrasts the shorter-term weakness from distracted markets processing the overwhelming in the news cycle, against the longer-term positive ongoing tailwind catalysts for the precious metals; arising from central bank buying of gold, concerns about the growing national debt, and the desire to cut interest rates and run the economy hot to try and grow the US out of the economic challenges it faces, which will end up being even more inflationary. We review that many royalty companies,like Triple Flag PMs and OR Royalties, and PM producers, like Newmont, are actually not growing production year over year, but they are still being bailed out by the higher metals prices lifting their margins and cash flows even higher. While some market observers may get fixated on that, John points out that their growing piles of cash on the balance sheet will eventually be used for merger & acquisitions deals to source more ounces in the ground or production from smaller companies in the year to come. Next we pivot over to the extreme surge higher in oil prices due to the conflict in the Middle East, and what this means for mining company margins, a tax to consumers and businesses at the gas pump, and how it will tie into higher inflation for the governments and central banks to try and address with few good policy tool options. John also brings up how those fiscal and monetary policies will affect global currencies and interest rates; which should remain longer-term bullish factors for the precious metals. We discuss the unfolding broader commodities supercycle with copper and critical minerals deposits being of high interest to the US government and nations around the world ins sourcing supplies outside of China. The discussion is also taking place about the government setting pricing floors in many critical minerals to encourage development of domestic mineral deposits or with trading partners, getting around the artificially low prices set by China. We also discuss the large capex spends from tech and AI companies and how commodity intensive that physical buildout will be in combination with the energy needs. John stresses the importance of investors continuing to get educated on the specific uses and demand factors in some of the more niche’ critical minerals and energy metals. This knowledge will allow investors to better understand the individual companies they are investing in, and which ones may be of interest by the governments or larger producers for supporting the new development and processing of critical minerals. Click here to follow John’s analysis and articles over at Substack For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Mar 9, 202630 min

Ep 3233Weekend Show - Brian Leni & Dave Erfle - Smart Money Rotations: Navigating Gold, Silver, and Copper Post-PDAC

The 2026 PDAC convention in Toronto served as a wake-up call for the mining industry. While attendance reached record highs, the market's behavior has shifted from the broad "rising tide" of previous years to a much more selective, volatile environment. This week, we sit down with Brian Leni (Junior Stock Review) and Dave Erfle (Junior Miner Junky) to discuss why the "smart money" is moving away from lifestyle juniors and toward high-conviction developers in gold, silver, and copper. Segment 1 & 2 - I kick off the show with Brian Leni, the founder and editor of the Junior Stock Review and host of Field Notes on YouTube. Leni provides a recap of the PDAC conference in Toronto and analyzes current market volatility while sharing his specific investment strategies for high-quality developers and explorers in the gold, silver, and copper sectors. Click here to visit the Junior Stock Review website to keep up to date on what Brian is investing in - https://www.juniorstockreview.com/ Segment 3 & 4 - Dave Erfle, founder and editor of the Junior Miner Junky, wraps up the show sharing takeaways from the PDAC conference and the current investment landscape. Erfle highlights the extreme volatility in precious metals, emphasizing the importance of betting on successful management teams and high-quality projects as the market navigates geopolitical uncertainty and the potential for a "PDAC curse" correction. Click here to visit the Junior Miner Junky website to learn more about Dave’s investment letter - https://www.juniorminerjunky.com/ If you enjoy the show, be sure to subscribe to our podcast feed (KER Podcast), YouTube channel, and follow us on X for more market commentary and company interviews. Don’t forget to subscribe and leave us a review! For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Mar 7, 202657 min

Ep 3232Brien Lundin - PDAC Recap: Hidden Gems & High-Flying Resource Stocks

In this episode, we are joined by Brien Lundin, Editor of the Gold Newsletter and host of the prestigious New Orleans Investment Conference. Brien provides an insider’s recap of the recent PDAC and MIF conferences in Toronto, sharing why he believes the resource sector is currently on the verge of a historic re-rating. Key Discussion Points: Market Sentiment and PDAC Recap: Brien discusses the overwhelming enthusiasm at recent industry conferences, noting that for the first time in years, the vast majority of companies are presenting fundamentally strong investment arguments. The Power of Cut-Off Grades: As gold prices reach new heights, companies are recalculating their resources. Brian explains how dropping a cut-off grade can instantly increase a project’s defined ounces by 50% to 100%, significantly boosting the bottom line. Production vs. Exploration Dynamics: While majors are maximizing production to capture high margins, Brien highlights why the exploration end of the market remains the most exciting area for triple-digit returns. Strategic Stock Picks: Brien shares his current outlook on specific companies, including Prospector Metals (PPP.V) and Cassiar Gold (GLDC.V), as well as emerging opportunities in critical metals like tungsten through Spartan Metals (SPAT.CN). A Dual Bull Market: We explore the rare occurrence of a simultaneous secular bull market in both monetary metals (gold and silver) and base metals (copper), driven by intense supply constraints and high demand from the tech sector. Click here to learn more about the New Orleans Investment Conference on November 2-5. - https://rebrand.ly/NOIC2025 Companies Mentioned: Prospector Metals Corp. (TSX-V: PPP) Cassiar Gold Corp. (TSX-V: GLDC) Spartan Metals Corp. (CSE: SPAT) T2 Metals Corp. (TSX-V: TWO) Vizsla Silver Corp. (TSX-V: VZLA) ------------------- For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Mar 6, 202619 min

Ep 3231Graphene Manufacturing Group - Gen 2 Plant Update, Question On THERMAL-XR® Revenue, G® Lubricant, SUPER G®, Batteries

In this episode, we are joined by Craig Nicol, Founder and CEO of Graphene Manufacturing Group (GMG). Craig provides a comprehensive update on the company’s transition from development to commercial scale, highlighting the recent update on the Gen 2.0 Graphene Manufacturing Technology plant. Craig also discusses the expansion of their global sales team, and the real-world performance testing of their flagship products. Key Discussion Points: The Gen2 Production Leap: Craig explains how the new facility will increase capacity to 10 tons of graphene per annum using the same natural gas input as current operations. High-Performance Partnerships: A look into the collaboration with Tickford Racing, where GMG’s G® Lubricant and THERMAL-XR® are being put to the ultimate test in the Australian Supercars series. Commercial Revenue & Sales Strategy: With over 15 sales professionals now active globally, the company is focused on converting a growing pipeline of test orders into major commercial contracts. Thermal-XR & Data Center Opportunities: An update on the EPA approval process in the U.S. and the massive potential for graphene coatings to reduce energy consumption in data centers. Graphene Aluminum-Ion Batteries: Craig explains the competitive edge of GMG’s battery technology vs solid-state batteries. Please keep the questions coming! Email me at [email protected]. Click here to visit the GMG website to learn more about the Company. ------------------- For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Mar 6, 202627 min

Ep 3230Joel Elconin - Market Momentum Has Been Lost… Is The Bull Run Over?

In this episode of The KE Report, host Cory Fleck sits down with Joel Elconin, co-host of the Pre-Market Prep Show and founder of the Stock Trader Network, to dissect a market that appears to be losing its footing. With the major averages showing signs of a "gradual top," Joel provides a candid, sobering assessment of the macroeconomic and geopolitical forces currently rattling investors. Key Discussion Points: Loss of Market Momentum: Why the choppy action in the S&P 500 and Dow suggests a waning appetite for risk among investors in early 2026. Geopolitical Catalysts and Inflation: The direct link between global conflict, surging oil prices, and the fading hope for near-term rate cuts. The Nvidia Reality Check: Analyzing the "false breakout" in NVDA and what it means when a market leader beats earnings but still trades lower. The Berkshire Signal: Why BRK.B is accumulating record cash and selling off bank holdings instead of seeking new acquisitions. Software vs. Hardware: A look at the resilience in software names like MSFT, CRM, and ORCL as a potential "flight to quality" amidst hardware volatility. Precious Metals Outlook: Assessing whether gold (GLD) and silver (SLV) are hitting "blow-off tops" or remains a viable safe haven during international instability. Click here to visit Joel’s PreMarket Prep website - https://www.premarketprep.com/ Click here to visit the Stock Trader Network - https://www.stocktradernetwork.com/ Stocks Mentioned: S&P 500 (SPY), Nvidia (NVDA), Berkshire Hathaway (BRK.B), Bank of America (BAC), Microsoft (MSFT), Salesforce (CRM), Oracle (ORCL), Exxon Mobil (XOM), Apple (AAPL), Alphabet (GOOGL), Amazon (AMZN), Meta (META), Tesla (TSLA), Gold (GLD), Silver (SLV). ------------------ For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Mar 5, 202614 min

Ep 3229BP Silver – 5 Meters of 600 g/t Silver, Including 1 Meter of 1655 g/t Silver Intersected In Phase 1 Drill Program At The Cosuño Silver Project

Tim Shearcroft, CEO and Co-Founder of BP Silver Corp. (TSXV: BPAG), joins me for a review of some bonanza-grade final assay results from the remaining eight drill holes of its eleven-hole Phase I drill program at the Cosuño Silver Project in Bolivia. We discuss the follow up geophysics survey and goals of the Phase II exploration program. Additionally, the Company is working on finalizing the title at their Titiri Project, located in a major under-explored silver belt with Tier 1 discovery potential. Phase I Highlights: Drilling intersected multiple zones of high-grade silver mineralization at the Pocañita Chica target: Diamond Drill Hole # CO-0008 returned 5m @ 600.4 g/t silver, including 1m @ 1655 g/t silver; Diamond Drill Hole # CO-0009 returned 1m @ 526 g/t silver and 6m @ 147 g/t silver. The Program achieved its primary objective of confirming silver mineralization within the lithocap beneath surface geochemical anomalies, materially de-risking Cosuño. Silver mineralization was intersected in all four targets tested across an approximately 2.7 km NE-SW corridor, confirming the presence of a robust silver and polymetallic system which remains open for expansion along strike and at depth. The Program successfully tested key zones along a 2.7 km structural trend, returning significant silver intercepts at the 4 targets tested to date (Figures 1 to 3): Pocañita Chica – Broad mineralized envelopes with high-grade silver intervals hosted in hydrothermal breccias. Pocalleta – Structurally controlled vein mineralization confirming depth potential. Jalsuri – High-grade silver intercepts with gold 2.7 km northeast of Pocañita Chica, indicating district-scale continuity. Benhur – Additional silver mineralization along the same structural corridor. Additionally, their team is working with the government to finalize obtaining the title to begin exploration on their Titiri Project. Titiri was staked over a large land concession containing outcropping mineralization historically explored by ASARCO. This Project contains a 2.5km-long silver-lead-zinc zone, with excellent historical trench results, that was never drilled. Titiri is a very High Priority structural setting at the intersection of several major crustal-scale faults, along which multiple deposits occur. There is a MOU in place with local communities, and they’d like to get on the ground for exploration in mid-2026. If you have any questions for Tim regarding BP Silver, then please email those into me at [email protected]. Click here to follow the latest news from BP Silver Corp For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Mar 4, 202615 min

Ep 3228AbraSilver Resource – RIGI Approval Received As Key Milestone, Upcoming Catalysts Are Resource Update, DFS, EIA, and Phase 6 Exploration Program

John Miniotis, President and CEO of AbraSilver Resource Corp (TSX: ABRA) (OTCQX: ABBRF), joins me to review the March 2nd news that announced its flagship Diablillos silver-gold project has been formally approved for inclusion under Argentina's Large Investment Incentive Regime ("RIGI"). We also discussed the upcoming catalysts of the updated Mineral Resource estimate (“MRE”), Definitive Feasibility Study (“DFS”), Environmental Impact Assessment (EIA) permit, and ongoing Phase 6 Exploration Program for the balance of 2026. The RIGI approval was confirmed by Argentina's Minister of Economy, Luis Caputo, through his official X account on Friday February 27th. The official government resolution announcing RIGI approval for the Diablillos project is expected later in March. RIGI is a federal investment framework designed to accelerate large-scale development projects in Argentina by providing long-term fiscal stability along with competitive tax, customs, and foreign-exchange benefits. Both Salta and Catamarca Provinces, where Diablillos is located, have opted into the regime. This RIGI approval substantially increases the project's economics, with around $1Billion in savings at current spot prices, and this provides increased certainty as Diablillos moves into its next phase of development and eventual construction. John takes us through the busy year of catalysts the company has on tap, starting with all the drilling data from Phase V being compiled into an updated Resource Estimate that will come out in parallel with their Definitive Feasibility Study, which is due out in the 2nd quarter of 2026. Additionally, the Company is awaiting their EIA permit, which will be the trigger for a construction decision later in the year. John highlighted that ongoing detailed engineering work, procurement planning, and upgrades to existing infrastructure are also advancing in parallel to ensure construction readiness. Following receipt of the EIA, the Company intends to initiate early works in a phased and disciplined manner, while continuing to advance project financing to fund the mine build. If you have any follow up questions for John regarding at AbraSilver, then please email them into me at [email protected]. In full disclosure, Shad is a shareholder of AbraSilver Resource Corp at the time of this recording and may choose to buy or sell more shares at any time. Click here to visit the AbraSilver website and read over the most recent news releases. For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Mar 3, 202611 min

Ep 3227Darrell Fletcher - Commodity Trading Desk: Iran Conflict Impact On Commodities; Oil, Nat Gas, Aluminum, Gold

In this KE Report Daily Editorial, I am joined by Darrell Fletcher, Managing Director of Commodities at Bannockburn Capital Markets. As geopolitical tensions escalate following the outbreak of war in Iran and the critical shutdown of the Strait of Hormuz, Darrell provides a high-level perspective from the commodities trading desk on how these events are reshaping global markets. The discussion dives deep into the immediate and long-term impacts on the energy complex, the surprising resilience of certain metals, and the technical hurdles currently facing major exchanges. Key Discussion Points: The Strait of Hormuz Crisis: Analyzing the impact of shutting down a corridor that handles 20% to 25% of global oil and 20% of liquefied natural gas (LNG). Energy Market Dynamics: Why the current move in crude oil ($WTI and $BRENT) remains "muted but guarded" due to a global oversupply of 3 to 3.5 million barrels per day. Aluminum’s Surprise Surge: How Middle Eastern production represents 10% of global output, causing aluminum prices to spike while other base metals remain under pressure from a strong USD. Natural Gas Divergence: Understanding why European (TTF) and Asian (JKM) gas prices are skyrocketing while U.S. Henry Hub prices remain relatively stable due to export capacity limits. CME Exchange Outages: A look at recent technical outages at the CME and what they mean for trader confidence during high-stakes geopolitical events. Click here to learn more about Bannockburn Capital Markets - https://www.bannockburnglobal.com/ -------------------------- For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Mar 3, 202621 min

Ep 3226Kincora Copper - Australia Copper Prospect Generator, 8 Projects, AngloGold Ashanti Exploration Partner

In this KE Report Company Introduction, we are joined by Sam Spring, President and CEO of Kincora Copper (TSXV: KCC | ASX: KCC). Sam provides an in-depth look at the company’s prospect generator model and its exploration efforts targeting world-class copper-gold porphyry deposits in Australia’s premier mining jurisdictions. Key Discussion Points: Earn-in Agreements with AngloGold Ashanti: An overview of the exploration partnership in the northern Macquarie Arc, which could total up to $100 million in partner funding across two separate earn-in agreements. Transition to the Hybrid Prospect Generator Model: Sam explains the 2023 shift toward securing asset-level funding to advance exploration. Wholly-Owned Project Updates: Status reports on the Trundle and Fairholme projects, including the strategy for introducing new partners to these assets following recent technical reviews. Near-Term Drilling at Condobolin: Details on the upcoming drill program at the Condobolin project, focusing on high-grade targets within trucking distance of existing processing infrastructure. Mongolian Asset Status: An update on the project, including the process of securing a second mining license and evaluating the existing copper-gold resource. Please email me with any follow up questions for Sam - [email protected]. Click here to visit the Kincora Copper website to learn more about the company.- https://kincoracopper.com/ ------------------ For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Mar 3, 202626 min

Ep 3225Goliath Resources – Consolidated 2025 Drill Assays Released Including Multi-Element Assays Increased Gold-Only Values By 16.5 Percent

[Recorded February 28th, 2026]: Roger Rosmus, Founder, CEO, & Director of Goliath Resources Ltd (TSX-V: GOT) (OTCQX: GOTRF) (FSE: B4IF), joins me for a special video update to visually highlight the key takeaways from the 2025 exploration season. Consolidated results now include all the multi-element results, from 110 holes drilled on the Surebet Discovery at the Golddigger Property; located in the Golden Triangle, B.C. We also discuss the strong financial position of the treasury, which has budgeted another large expansion drill program in 2026. On February 24, 2026, the Company announced the multi-element results on the final 56 drill holes, accounting for silver, copper, lead, and zinc values within these holes. Goliath reported an average 19.6% increase in overall grade values from these previously announced gold-only assays, with numerous high-grade intercepts including 24.16 g/t AuEq over 7.00 meters. Across all 110 drill holes completed during the 2025 season, this polymetallic contribution is an average increase of 16.5% in overall grade values from the gold-only assays. 92,000 meters of drilling was completed in the four prior drilling seasons (2021-2024) on the Surebet Discovery resulted in the modeling of a vast stacked vein system. The 2025 drilling season alone, with more than 64,000 meters of drilling, has expanded the modelled stacked vein system that remains open; over 156,000 meters total have been drilled to date. Of the holes drilled during the 2025 campaign, 83 out of 110 holes (or 76%) contained visible gold to the naked eye (VG-NE). 100% of the drill holes completed to date, have all intersected gold mineralization clearly demonstrating the remarkable continuity, grades, and widths in 5 Main Gold-Rich Zones comprising 46 mineralized lodes that remain open for expansion. Roger outlines the Company’s rationale that it makes far more sense to keep expanding the mineralization with aggressive exploration programs, versus trying to pin down the MRE at this stage; when the Project is still open in most directions. This demonstrates the continuity of this high-grade gold system and the remaining untapped expansion potential of the Surebet discovery for 2026 and beyond.. The fully funded 2026 drill program will be mainly focused on expanding their 5 Main Mineralized Zones at the Surebet Discovery. Data compilation and interpretation is underway which will be used to vector in on the indicated Motherlode causative intrusive source to this extensive high grade gold system with widespread VG-NE. On February 28, 2026, Goliath Resources announced that it has applied to the TSX Venture Exchange (the “TSX.V”) to extend the term of an aggregate of 2,590,673 common share purchase warrants of the Company, with each Warrant being exercisable to acquire one common share of the Company at a price of $2.50 per Warrant Share. In addition to future conversion of warrants from Rob McEwen, the company’s equity holdings of McEwen Inc (MUX) shares, which have essentially gone up about 3X since acquiring them, also provide the option for more capital inflows into the company treasury to fund more exploration. If you have any questions for Roger about Goliath Resources, then please email them to me at [email protected] . In full disclosure, Shad is a shareholder of Goliath Resources at the time of this recording and may choose to buy or sell shares at any time. Click here to follow the latest news from Goliath Resources For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Mar 3, 202618 min

Ep 3224Jordan aka Mining Stock Monkey – Value Proposition in Devon Energy, Endeavour Mining, B2Gold, Royal Gold, and Altius Minerals

Jordan Rusche, Founder of Mining Stock Monkey, joins me for an in-depth and nuanced discussion on the recent volatility in oil prices, gold and silver prices, and his approach to valuing precious metals mining stocks and royalty companies; along with which companies he is actively trading in his portfolio. We start out reviewing how the geopolitical tensions with the US and Iran have spiked the oil price over the past week, but that he is valuing companies on their fundamental alpha, regardless of the short-term noise in the market from news. We dissected the value proposition synergies from the news announced February 2nd about Devon Energy (NYSE: DVN) and Coterra Energy (NYSE: CTRA) announcing a merger in an all-stock transaction. The business combination will create a leading large-cap shale operator with a high-quality asset base anchored by a premier position in the economic core of the Delaware Basin. Next we shifted over to some of the valuations in the gold producers in his portfolio. Jordan breaks down why he likes larger producers with growth on tap, highlighting the fundamental growth factors for Endeavour Mining plc (TSX:EDV) (OTCQX:EDVMF) (LSE:EDV) and strong full-year 2025 production of 1,209,000 ounces of gold at an AISC of ~1,435/oz; with a H2-2025 dividend of $200m, and >$1bn shareholder returns program. We also followed up on our discussion from earlier this month where he was spot on about some of the operational risks he had cautioned investors about with regards to B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG), that came out of Q4 earnings, and more importantly, FY guidance for 2026. We spend the balance of the discussing diving into why he sees the growth and value proposition as compelling in a couple royalty companies: First, Jordan outlines the growth on tap for Royal Gold, Inc. (NASDAQ: RGLD)over the next couple of years, especially when it comes to some of the long-life assets that came into the company through the acquisition of Sandstorm Gold last year that aren’t properly reflected yet due to limitations in using a DCF valuation. Second, Jordan highlights that positioning in Altius Minerals Corporation (TSX: ALS) (OTCQX: ATUSF) allows him to have access to Potash, Lithium, Copper, and Renewable Energy sectors; all through the diversification and reduced risk of a solid royalty company. Jordan is extending a limited-time offer to KE Report listeners for those that would like to be become new Mining Stock Monkey subscribers. Claim Your 25% Discount on a 1-year subscription! (Limited to the first 10 users that sign up) https://miningstockmonkey.substack.com/KE25 . https://miningstockmonkey.com/products/vip?promo=KE25 Click below to follow Jordan’s YouTube page, where he’ll be putting up some new content soon: https://www.youtube.com/@MiningStockMonkey/videos For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Mar 3, 202631 min

Ep 3223FireFox Gold - Drill Results At Mustajärvi: 2nd Best Ever Gold Intercept, 7.6 Metres at 32.25 g/t Gold

In this company update, I am joined by Patrick Highsmith, Chairman and Co-Founder of FireFox Gold (TSXV: FFOX | OTCQB: FFOXF | FWB: FIY1). Patrick joins the show to discuss the company’s latest high-grade drill results from the Mustajärvi Gold Project in Finland's Central Lapland Greenstone Belt. Discussion Highlights: The Second Best Intercept Ever: Patrick breaks down the massive result from hole 25MJ012, which returned 7.6 metres at 32.25 g/t gold, including a ultra-high-grade sub-interval of 188.5 g/t gold. Narrowing the Gap: We explore the strategic importance of the "Gap Zone" between the East and Northeast Zones, where recent drilling has successfully connected mineralized structures over a strike length exceeding 1.1 kilometres. Geological Consistency: A look into why Mustajärvi continues to deliver high-grade gold with significant visible gold (VG) and how the project’s stacked lode system remains open for expansion. 2026 Drill Program Outlook: An update on the 10,000-metre program, with 15 holes currently pending assays and plans to test the intriguing Triangle Target as spring exploration continues. Any further questions for Patrick? Email me at [email protected]. Click here to visit the FireFox Gold website to learn more about the Company - https://www.firefoxgold.com/ Figure 1. Drill Holes 25MJ012-25MJ015 at the Mustajärvi Project, Northeast and East Zones. ------------------ For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Mar 2, 202620 min

Ep 3222Craig Hemke - Navigating Metal Volatility Amidst Global Tensions, Open Interest At Multi-Year Lows

In this KE Report Daily Editorial, we are joined by Craig Hemke, the founder and editor of TF Metals Report. As we transition into March, the precious metals market is reacting to significant geopolitical volatility following recent U.S. actions in Iran and the ongoing conflict in the Middle East. Craig provides a deep dive into why gold and silver continue to show resilience despite extreme price swings and high-frequency trading dominance. Key Discussion Points: Geopolitical Volatility and Oil: How the escalating conflict involving Iran is creating a "whiplash" effect in crude oil prices and its subsequent ripple effect on the global economy and interest rates. The Power of Monthly Charts: Why long-term investors should prioritize monthly and quarterly closes over intraday "noise" caused by computer-driven algorithmic trading on the COMEX. Low Open Interest in Metals: A look at the surprisingly low participation rates in gold and silver, which Craig argues contradicts "bubble" narratives and sets the stage for further gains. Mining Equity Earnings: Analyzing the massive free cash flow being generated by major producers like Newmont and Agnico Eagle, and what this means for future M&A activity and share buybacks. Physical Scarcity vs. Paper Markets: Addressing the rumors regarding COMEX defaults and the reality of physical silver demand in major hubs like China and India. Click here to visit Craig’s website - TF Metals Report - https://www.tfmetalsreport.com/ -------------- For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Mar 2, 202622 min

Ep 3221Pinnacle Silver & Gold - El Potrero Project Update: Drilling, De-Risking, and Development

In this episode of the KE Report, we sit down with Bob Archer, President and CEO of Pinnacle Silver & Gold (TSX.V: PINN | OTCQX: PSGCF), for a comprehensive update on the El Potrero Project. Following a news release on February 26, Bob details the multi-faceted approach the company is taking to advance the project toward a formal production decision. Key Discussion Highlights: Underground Delineation Drilling: Preparatory work is beginning this week to modernize and secure historical mine workings, setting the stage for over 100 short-reach drill holes designed to define the size, shape, and grade of mineralized zones. Surface Exploration Strategy: With permits expected within 90 days, the company plans to test the 500-meter strike length between three historical mines and explore parallel veins that have shown strong historical values. Advanced Metallurgical Testing: Following initial gold recoveries of 95.1%, a second round of testing is underway to optimize silver recovery and refine the plant flow sheet. Infrastructure and Power Feasibility: An independent study is being conducted on the extension of a Federal Electricity Commission (CFE) power line, a critical step for determining the cost and timeline for long-term operations. Community and Social Licensing: The company has formalized a community agreement that secures surface rights and fosters a supportive relationship with local stakeholders through job creation and infrastructure improvements. Please email me with any follow up questions you have for Bob - [email protected]. Click here to visit the Pinnacle Silver and Gold website to learn more about the company and read over the recent news For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Mar 2, 202621 min

Ep 3220Weekend Show - KER QuickTake & Dan Steffens - Metals & Energy Market Outlook:Top Metal and Energy Picks

In this weekend edition, we bring you live insights from the floor of the Las Vegas MoneyShow followed by an in-depth energy sector deep dive. The common thread: a global commodity supercycle driven by supply chain shifts, AI-related infrastructure demand, and significant consolidation in the oil and gas space. Segment 1 & 2 - In this live KER QuickTake recorded from the MoneyShow in Las Vegas, Cory and Shad discuss the current commodity supercycle and the shift toward domestic sourcing of critical minerals. They analyze investment opportunities across the precious, base, and energy metal sectors, emphasizing the importance of selecting mid-tier producers and companies with established growth pathways in the current bull market. Segment 3 & 4 - Dan Steffens, President of the Energy Prospectus Group, discusses the recent rebound in oil prices driven by geopolitical tensions in Iran and high demand for diesel. He also explores the growth and investment potential in energy stocks, specifically focusing on the recent mergers and acquisitions involving companies like Devon Energy and Whitecap Resources. Click here to visit the Energy Prospectus Group website for more energy market and stock analysis - http://www.energyprospectus.com/ If you enjoy the show, be sure to subscribe to our podcast feed (KER Podcast), YouTube channel, and follow us on X for more market commentary and company interviews. Don’t forget to subscribe and leave us a review! For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Feb 28, 20261h 16m

Ep 3219Sitka Gold - RC Gold Project Updated Resource: 5.2Mil Oz, Rhosgobel Deposit Contributes 2.25Mil Oz

In this company update, we are joined by Cor Coe, CEO and Director of Sitka Gold (TSX.V: SIG | OTCQB: SITKF | FRA: 1R1), to discuss the updated Mineral Resource Estimate (MRE) for the RC Gold Project, in the Tombstone Gold Belt, Yukon. With the addition of the maiden resource at the Rhosgobel deposit, Sitka’s total gold resource is now 5.2-million-ounces (1.29 million ounces gold indicated and 3.83 million ounces gold inferred). Key Discussion Points: The Rhosgobel Breakthrough: Cor explains the significance of the maiden resource at Rhosgobel, which contributed 2.25 million ounces after only five months of total drilling. Near-Surface Economics: A breakdown of the high-grade components at surface, including a significant zone grading over 1.0 g/t gold, which provides potential for favorable project economics and minimal stripping. Expansion Strategy for 2026: Insights into the upcoming 60,000-meter drill program, with 30,000 meters dedicated specifically to stepping out and defining the true scale of the Rhosgobel deposit. Tier-1 Asset Potential: A comparison to other major Yukon intrusions like Fort Knox and Eagle Mine. Exploration Beyond the Core: A look at the "Blue Sky" potential across the Clear Creek Intrusive Complex, where nine of eleven intrusions have already shown gold mineralization. If you have any follow up questions for the team at Sitka Gold please email me at [email protected]. Click here visit the Sitka Gold website to learn more about the Company - https://sitkagoldcorp.com/ --------------------- For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Feb 28, 202610 min

Ep 3218Silver Tiger Metals – Rationale For The Recent Financing and Flexibility, Debt Optionality, and Construction Activities Underway At El Tigre

Glenn Jessome, President & CEO of Silver Tiger Metals (TSX.V:SLVR) (OTCQX:SLVTF), joins me for a candid and nuanced conversation on why the Company elected to take the recent financing instead of a larger debt package; while also still leveraging the debt term sheets in place for the combined surface and underground development of the El Tigre Silver-Gold Project in Sonora, Mexico. We start off reviewing the reality that negotiating a debt deal is much more complex, with more restrictions and debt covenants, than most people realize. The company has narrowed the 3 debt term providers down to just 2 now, and are they are still pursuing debt for the larger overall needs. Glenn unpacks the sequence of events and his thought process on why they opted to go with the financing instead, and outlines the decision making process for those investors that were surprised, confused, or that had submitted questions about this transaction. On Feb. 18, 2026 Silver Tiger Metals announced it had closed its previously announced bought deal offering of common shares of the Company with a syndicate of underwriters. An aggregate of 49,146,400 Shares at a price of C$1.17 per Share for gross proceeds to the Company of C$57,501,288 were sold, which includes the exercise in full of the Underwriters' over-allotment option. The Company intends to use the proceeds of the Offering to fund exploration and development expenditures at the Company's El Tigre Project in Mexico, as well as for working capital and general corporate purposes. We also dive into all the construction activities already underway on the ground at El Tigre, and what criteria are being decided on in the background by the board and management team to be able to announce the official construction decision in March. If you have any follow up questions for Glenn regarding Silver Tiger Metals, then please email them into me at [email protected]. In full disclosure, Shad is a shareholder of Silver Tiger Metals at the time of this recording, and may choose to buy or sell shares at any time. Click here to follow the latest news from Silver Tiger Metals For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Feb 27, 202636 min

Ep 3217Novo Resources - Equity Raise & Drilling Outlook At Pilbara Assets & Belltopper

In this company update, we sit down with Mike Spreadborough, Executive Co-Chairman, and Quinton Hennigh, Non-Executive Co-Chairman of Novo Resources Corp (TSX: NVO | ASX: NVO | OTCQX: NSRPF). to discuss the recent news out of the company. The team provides a deep dive into their recent C$5.8 million equity raise, the performance of their investment in San Cristobal Mining (SCM), and an ambitious drilling schedule set to kick off in Q2 2026. Discussion Highlights: Strategic Equity Financing: Mike outlines the details of the C$5.8 million raise, explaining how the funds will be deployed to accelerate exploration programs across the Pilbara and Belltopper projects. San Cristobal Mining (SCM) Value: The team discusses Novo’s strategic stake in SCM, a private silver producer. Quinton explains the decision to hold the shares due to strong silver prices and consistent dividend yields, which help offset corporate overhead. Q2 Pilbara Drill Plans: A breakdown of the upcoming 12-week program starting in April, targeting high-priority sites including Wylloo (gold-silver-antimony), Balla Balla, and the maiden drilling at Teichman. Belltopper Project Potential: Quinton highlights the "Fosterville-style" characteristics of the Belltopper project in Victoria. With a target modeling 880,000 ounces of gold (upside case), the company is preparing for a major diamond and RC program later this year. Egina JV Update: Insight into the partnership with Northern Star (ASX: NST), including expectations for a resource update at the Hemi gold project and the broader strategy for the Egina Joint Venture. Please email me with any follow up questions for Mike, Quinton, and the team at Novo Resources. My email address is [email protected]. Click here to visit the Novo Resources website to learn more about all the projects and exploration programs. ------------------ For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Feb 27, 202617 min

Ep 3216Trader Ferg - Opportunities in Oil Services, Uranium Stocks, And One Sector We Have Never Considered

In this special daily editorial, we are pleased to introduce Trader Ferg, a contrarian investor and author of the Trader Ferg Substack. With a focus on deeply unloved, cyclical sectors, Trader Ferg joins us to share which sectors and subsectors of stocks have the best long-term upside, mostly in commodities. Key Discussion Points Oil Services and Offshore Drilling: An analysis of the "beat-up" oil service space, specifically focusing on the survivors of the 2014 and 2020 downturns and the massive potential in drill rig fleets as capacity remains tight. Uranium and Nuclear Energy: Why uranium remains one of the most "airtight" investment theses in the market, with a focus on the necessity of price floors reaching triple digits to incentivize essential greenfield production. Global Exchange Operators: A unique look at the "toll road" business model of exchanges (EXS). Click here to read over Trader Ferg’s background. - https://traderferg.substack.com/about Click here to visit Trader Ferg’s Substack. - https://traderferg.substack.com/ ----------------- For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Feb 27, 202619 min

Ep 3215Verdera Energy - Newly Listed Uranium Stock: Largest Land Position In New Mexico, Assets From enCore Energy

In this episode, we introduce Verdera Energy (TSX.V: V), a newly public uranium company that recently began trading on the TSX Venture Exchange. I am joined by Janet Lee-Sheriff, Chair of the Board and CEO, to discuss the company’s strategic position in New Mexico and its path forward in the domestic energy sector. Verdera Energy now holds the largest land position in the historic Grants Uranium District in New Mexico. Key Discussion Points: Public Debut and Strategic Assets: Verdera Energy began trading under the symbol V on the TSX Venture Exchange on February 24, 2026, following a spin-out of assets from Encore Energy. Dominant Land Position: The company controls 400 square miles of "checkerboard" lands in New Mexico, representing the largest land position in the state's premier uranium district. Unrivaled Data Advantage: Verdera holds an extensive proprietary database, including over 120,000 drill hole logs, which provides a significant head start in modernizing technical reports and identifying new opportunities. Project Pipeline: Updates on the Crownpoint-Hosta Butte and West Largo projects, including plans for community engagement and the application for new drill permits to expand known resources. Financial Overview: The company recently completed a $20 million raise, providing a two-year cash runway to execute its exploration and development strategy. Click here to visit the Verdera Energy website. ------------- For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Feb 27, 202612 min

Ep 3214Dana Lyons - Is the Growth Era Over? Outperformance In Value, International Markets, Gold and Silver Miners

In this episode of The KE Report, I sit down with Dana Lyons, Fund Manager and Editor of The Lyons Share Pro, to discuss a significant regime shift currently unfolding in the financial markets. After nearly two decades of dominance by US large-cap growth and tech stocks, the tide appears to be turning toward value sectors and international equities. Dana provides a technical deep dive into why this rotation may just be in its infancy and identifies which global markets are finally breaking out of multi-decade stagnation. We also explore the recent volatility in the precious metals sector and how to strategically position for the next leg of the bull market in miners. Key Discussion Points: The Value vs. Growth Reversal: Dana explains why the 20-year outperformance of growth stocks may have peaked in late 2025, signaling a long-term shift toward consumer staples, utilities, and industrials. Broad Market Strength: A look at why "true" broad averages - including equal-weight and mid-cap indices - are showing more sustainable strength than the tech-heavy S&P 500 or Nasdaq 100. International Equity Breakouts: Why markets in Europe, Japan, and emerging economies like Peru and Argentina are finally clearing 25-year resistance levels, offering a fresh alternative to domestic US stocks. Precious Metals Strategy: An analysis of the recent "mini-crash" in silver and gold, the importance of hedging at extension levels, and why the current consolidation is a buying opportunity for gold and silver miners. Click here to visit the Lyons Share Pro website and learn more about Dana’s investment services - https://lyonssharepro.com/ ---------------------- For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Feb 26, 202617 min

Ep 3213Stillwater Critical Minerals – Exploration and Resource Update Catalysts At The Stillwater West Polymetallic Project

[Recorded February 20th, 2026] Michael Rowley, President & CEO, of Stillwater Critical Minerals (TSX.V: PGE – OTCQB: PGEZF), joins me to review the key catalysts on tap for 2026 and beyond. In the near-term, the focus will be on releasing drill assay results from the 2025 exploration program, the evolving understanding of the broader geological model, and that once all results are processed there will be an update to the NI 43-101-compliant Mineral Resource Estimate (“MRE”) for the Company’s 100%-owned Stillwater West critical minerals project in Montana, USA. We review the advantages polymetallic nature of the Stillwater West Project, which hosts nickel, copper, cobalt, chromium, platinum, palladium, rhodium, ruthenium, iridium, gold, and osmium – a unique mix of battery, alloy, and platinum group metals essential to clean energy, defense, and technology supply chains. We contrast the benefits with the complexity involved with communicating to the marketplace and policy makers with regards precisely which metals are driving the value forwards. Mike explains that this new geological model and understanding of the Stillwater West Project through the lens of the South African Bushveld Complex as a parallel is so crucial to unlocking the value proposition of the Project and for future exploration targeting. It is also quite constructive have Dr. Danie Grobler, Vice President of Exploration, Albie Brits, Senior Geologist, provide different layers of input and collaboration with Tim Kuhl and the Mine Technical Services (MTS) team on the updated Stillwater resource estimate. Their extensive experience in Platreef-type geology and resource estimation is expected to provide significant value to the Project. Highlights and upcoming catalysts: The 2025 drill campaign is now complete, totaling 3,471m in eight holes, with all assays pending near-term release (the first 2 holes results were leased in news out today a few days after the recording of this interview) The updated MRE will incorporate 14 drill holes totaling 5,781 meters (“m”) from the 2023 and 2025 programs, plus select historic holes not included in the current estimate. The updated Mineral Resource Estimate is expected in the latter part of H1 2026, and it will mark the next step in advancing Stillwater West as a potential large-scale source of ten minerals listed as critical in the U.S. The update will build upon the January 25, 2023, Inferred Mineral Resource and results will support further technical studies and economic assessments. The work is being led by Mr. Timothy Kuhl (MTS) and Dr. Danie Grobler (Stillwater) who together previously worked with the late Dr. Harry Parker on the resource estimation and technical reports for Ivanhoe Mines’ Platreef Mine. We go on to discuss with Mike the challenges and opportunities in defining the large-scale polymetallic and critical mineral resources at Stillwater West; and why it has the attention of large major producers, like their strategic partner Glencore, along with attention from the US and Montana government. We discuss how the nickel, copper, cobalt, and chrome tie into the growing industry demands for battery metals, energy metals, and defense metals. Additionally, with platinum, palladium, rhodium, and gold all demonstrating strong recent market performance, Stillwater West offers significant leverage to these precious metals. If you have any questions for Mike or the team at Stillwater Critical Minerals, then please email them into me at [email protected]. Click here to follow the latest news from Stillwater Critical Minerals For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Feb 26, 202622 min

Ep 3212TG Watkins - Live From The Las Vegas MoneyShow: Market Rebound, Tech, Small Caps, Gold, Silver, Copper, Uranium

In this live broadcast (recorded on February 24th) from the floor of the MoneyShow in Las Vegas, we sit down with TG Watkins, Director of Stocks at Simpler Trading and Editor of the Profit Pilot. TG provides a candid look at his current market posture, explaining why he recently shifted to a 90% cash position and how recent price action is forcing a reassessment of short-term bearishness. The conversation dives deep into the technical "squeeze" currently defining major indices, the surprising resilience of small-cap stocks, and the rotation out of the "Magnificent Seven" into defensive sectors. TG also breaks down the "picks and shovels" AI trade, the recent volatility in precious metals, and why he avoids entering new positions immediately ahead of earnings reports. Key Discussion Points: Defensive Market Posture: Why TG moved heavily into cash and closed short positions after the S&P 500 and Nasdaq struggled to break below key weekly support levels. The S&P 493 vs. Mega-Caps: Analysis of the rotation into consumer staples (XLP) and utilities as the market finds balance outside of major tech names. AI and Energy Infrastructure: Exploring the strength in "side departments" like power producers (WOLF, BE) and software (IGV) that support the broader AI build-out. Commodity Volatility: Examining the "euphoric" move and subsequent digestion in Gold and the dramatic price swings in Silver and Copper. The Earnings Strategy: A look at why TG utilizes the hourly 15-minute timeframes to navigate post-earnings volatility in names like Meta (META) and CoreWeave. Click here to visit the Simpler Trading website - https://www.simplertrading.com/ Click here to visit TG’s site - Profit Pilot - https://www.profit-pilot.com/ ---------------------- For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Feb 25, 202618 min

Ep 3211Great Pacific Gold - High-Grade Discoveries & Dual-Rig Expansion at Wild Dog

In this company update, we are joined by Greg McCunn, President and CEO of Great Pacific Gold (TSXV: GPAC | OTCQX: GPGCF | FSE: V3H), to discuss the accelerating exploration program at the Wild Dog property. Great Pacific Gold is currently exploring within a 15km epithermal corridor, with two rigs turning. Key Discussion Points: New Discovery at Magiabe West: A significant new discovery was made through rock chip sampling, yielding results over 100 g/t gold and 2.5% to 4% copper. This area is scheduled for drilling in Q2 2026 Sinivit Drilling Results: Greg reviews the recent assay results from holes 16, 17, and 18. While a faulted area was encountered at depth, the team is analyzing the data to understand the plunge of the high-grade mineralization, which remains open to the north and at depth. The Kavasuki Target Drilling: Rig 1 has moved to Kavasuki, located 1km north of Sinivit. Initial drilling has already intersected mineralization in the first hole of a planned 7-hole program. Kasie Ridge High-Reward Potential: Rig 2 has commenced drilling at the Kasie Ridge target. This high-sulfidation epithermal system is a "game-changer" target located 4.5km north of Sinivit, with the potential for a large underlying porphyry body. Exploration Pipeline and Financial Position: With over $10 million in the treasury, the company is well-funded to maintain the aggressive drilling program across the project. Refer to the map below to understand the locations of the priority targets. If you have any follow up questions for Greg please me at [email protected]. Click here to visit the Great Pacific Gold website - https://gpacgold.com/ ----------------------- For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Feb 25, 202618 min

Ep 3210Headwater Gold - Project Portfolio Exploration Update: Drilling Completed At Lodestar and TJ, Geophysical Survey At Jake Creek

In this episode of the KE Report, we sit down with Caleb Stroup, President and CEO of Headwater Gold (CSE: HWG | OTCQX: HWAUF), for a comprehensive update on the company’s expanding exploration portfolio. With recent news regarding geophysical surveys and the conclusion of several drilling programs, Caleb provides a clear roadmap for what investors can expect in the coming months. Headwater Gold is actively advancing high-grade epithermal gold targets in the Western US through strategic partnerships with industry giants like Newmont and OceanaGold. Key Discussion Points: Jake Creek Project Milestones: The company is finishing final drill targeting at the Jake Creek project in partnership with OceanaGold. This program follows up on historical results of 45 meters at 1g/t gold, with an initial drill test scheduled for early summer 2026. Drilling at Lodestar and TJ: Drilling has recently concluded at both the Lodestar project (funded by Newmont) and the TJ project (funded by OceanaGold). The team is currently awaiting lab assays, with results expected within the next four to six weeks. Exploration Strategy and Model: Caleb explains the "fully preserved epithermal system" model they are targeting, which involves identifying surface alteration and vectoring with drilling to find high-grade zones at depth. Upgraded U.S. Listing: Discussion on the company's recent move to the OTCQX market under the symbol HWAUF, reflecting a significant increase in trading volume and interest from U.S. investors. Please email your questions for Caleb to us at [email protected] and [email protected]. Click here to visit the Headwater Gold website to read over the recent news - https://headwatergold.com/ -------------------- For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Feb 24, 202610 min

Ep 3209FinEx Metals - Finland Gold Exploration: Ruoppa and Kero Project Exploration Updates

In this company update, we sit down with Brennen Zerb, Vice President of Investor Relations at FinEx Metals (TSX-V: FINX). Brennen provides an in-depth recap of the company’s recent activities in Northern Finland, focusing on the maiden drill program at their flagship project and the new exploration licenses in a world-class district. Key Discussion Points Maiden Drill Program at Ruoppa: Brennen recaps the ~2,500-meter program, confirming the presence of a robust gold mineralized system. High-grade highlights included intercepts of 5.79 g/t gold over 0.95 meters and 6 g/t gold over 1 meter, providing clear targets for the upcoming Phase 2 program. Phase 2 Exploration Strategy: A second phase of exploration is planned for Q2 2026, consisting of roughly 1,500 meters of drilling alongside additional geophysical and geochemical work to identify higher-density vein zones. The Caro Project Potential: Discussion on the newly permitted Kero Project, located in the same belt as Agnico Eagle’s Kittilä mine and Rupert Resources’ Ikkari discovery. Historic work at Kero has already shown high-grade potential, including surface samples up to 25.6 g/t gold. If you have any follow up questions for Tero please email us. [email protected] and [email protected]. Click here to visit the FinEx Metals website to learn more about the Company. --------------------- For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Feb 23, 202612 min

Ep 3208Sitka Gold - 60,000 Meter Drill Program At RC Gold Project: Target and Program Overview

In this episode, we sit down with Gilles Dessureau, the Vice President of Exploration at Sitka Gold Corp. (TSX.V: SIG | OTCQB: SITKF | FRA: 1R1). Gilles provides a comprehensive deep dive into the company’s newly launched 60,000-meter diamond drill program at their flagship RC Gold Project in the Yukon. Gilles outlines the strategic allocation of meters across the property and explains how the team plans to expand on the current 2.8-million-ounce gold resource (indicated + inferred). Key Discussion Points: The Rhosgobel Discovery: Approximately 30,000 meters are dedicated to the Rhosgobel zone, focusing on step-out and expansion drilling along a 1.1km strike length and testing the deposit at greater depths. Tungsten Component: Following high-grade crystal observations, the team is analyzing over 5,500 samples to define the volume and grade of the significant tungsten mineralization found within the gold system. Blackjack, Saddle, and Eiger Expansion: Allocation of 15,000 meters to further define and expand the existing resource areas, including testing new northern targets and high-grade zones at depth. The Pukelman-Contact Zone: A 10,000-meter program aimed at defining the structural corridor and potentially adding new resource volume to the project. Strategic Prioritization: How the company balances aggressive exploration of new targets like the Bear Paw Breccia while systematically upgrading inferred ounces to the indicated category. If you have any follow up questions for Mike please email me at [email protected]. Click here visit the Sitka Gold website to learn more about the Company - https://sitkagoldcorp.com/ --------------- For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Feb 23, 202616 min

Ep 3207Rick Rule - Where Is Rick Investing His Money: Comments On Gold, Silver, Copper, Energy

In this special daily editorial, we are joined by Rick Rule, Founder of Rule Investment Media and Battle Bank. Rick provides a candid look at his recent portfolio maneuvers, explaining the logic behind selling physical silver to rotate into high-quality equities. We dive deep into the valuation disconnects currently plaguing the resource sector and why "boring" large-cap energy producers might be the smartest play for the next five years. Discussion Highlights: Silver Portfolio Rotation: Rick discusses selling 80% of his physical silver and 25% of his junior mining positions following recent parabolic moves to eliminate downside risk while maintaining upside through select silver stocks. The Silver/Stock Valuation Gap: Why silver equities are currently priced for $45 silver while the spot price sits significantly higher, creating a massive opportunity for a re-rating in high-quality miners. Energy Sector Outlook: An analysis of the under-investment in sustaining capital within the oil and gas industry and why Rick is favoring Canadian mid-tiers and majors like Exxon Mobil (XOM) and Schlumberger (SLB). The Pitfalls of Mining Metrics: A breakdown of why the "ounces in the ground" metric is often misleading and the importance of focusing on All-In Sustaining Costs (AISC) and Return on Capital Employed (ROIC). Investment Education: Details on the upcoming Rule Natural Resources Investment Symposium in Boca Raton and the free educational resources available through the Rule Classroom. Click here to learn more and sign up for the Rule Symposium on July 6-10 in Boca Raton - https://cvent.me/XOqdLa?via=KER ------------------ For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Feb 23, 202641 min

Ep 3205Weekend Show - Brien Lundin & Josef Schachter - Bottom-Fishing Metals Juniors & Waiting for the Next Energy “Buy Signal”

Two veteran newsletter editors map out where the next big moves, and best entry points, could emerge across metals and energy in 2026. Gold and silver may be digesting a sharp correction, but both guests argue the bigger bull-market backdrop is intact, setting up a very “stock-picker” tape in mining. Meanwhile, energy remains out of favor, yet Josef Schachter lays out a tightening supply/demand case (and a clear playbook for scaling in before the next macro-driven run). Segment 1 & 2 - Brien Lundin, editor of the Gold Newsletter and host of the New Orleans Investment Conference, shares his insights on the current state of the precious metals market. He discusses the potential for continued sideways trading in gold and silver before the next rally, while highlighting opportunities in exploration and development-stage companies like K2 Gold, Aris Minerals, and Banyan Gold. Brien also emphasizes the importance of individual company stories and the excitement of potential new discoveries across various global jurisdictions. Click here to learn more about the Gold Newsletter. - https://goldnewsletter.com/ Segment 3 & 4 - Josef Schachter, founder and editor of the Schachter Energy Report and author of the Eye on Energy report, discusses the macroeconomic drivers and company-specific trends within the oil and natural gas sectors. He reviews the 2026 World Outlook Conference, providing insights into OPEC+ production constraints, the impacts of global depletion rates, and the emerging energy demands driven by the "AI revolution". Schachter also highlights specific investment opportunities in companies such as InPlay Oil and Birchcliff Energy while outlining his expectations for a multi-decade commodity supercycle. Click here to learn more about The Schachter Energy Report - https://schachterenergyreport.ca/ If you enjoy the show, be sure to subscribe to our podcast feed (KER Podcast), YouTube channel, and follow us on X for more market commentary and company interviews. Don’t forget to subscribe and leave us a review! For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Feb 21, 202658 min

Ep 3206Nick Hodge –  Embrace The Volatility Within The Structural Bull Market In Silver, Gold, Copper, and Uranium Stocks

Nick Hodge, Co-Owner of Digest Publishing and editor of Foundational Profits and Underground Alpha, joins me for our monthly longer-format discussion on different macroeconomic factors, continuing to fuel the commodities supercycle in silver, gold, copper, uranium, and opportunities in their related resource stocks. We start off discussing the extreme volatility seen in the price charts for silver, gold, platinum, copper and other metals since our last conversation in early January. We reviewed that prices climaxed into the uber-bullish sentiment witnessed at the Vancouver Resource Investment Conference in late January; right before correcting down hard in the days and week that followed. After several more weeks of choppy price action, things are settling out; but Nick reiterates that investors should be embracing this volatility. He points out that we are still in a structural bull market in the precious metals for a number of macroeconomic factors from interest rates, currencies, sovereign debt, ongoing central bank buying, the rise of BRICS nations, and even crypto stablecoin companies like Tether buying huge amounts of gold to back their Tether Gold (XAUt) product. Tether is also directly investing into royalty companies like Elemental Royalty Corporation (TSXV: ELE) (NASDAQ: ELE), Gold Royalty Corp (NYSE American: GROY), and Versamet Royalties Corporation (TSX: VMET). Nick flagged that Streamex Corp. (NASDAQ: STEX), a leader in institutional-grade tokenization and real-world asset infrastructure, recently announced that it has acquired a 9.9% equity interest in Empress Royalty Corp. (TSXV:EMPR) (OTCQX:EMPYF). We also discussed some of the larger transactions lately executed by the larger senior royalty companies like Wheaton Precious Metals (TSX: WPM) (NYSE: WPM), Franco-Nevada Corporation (TSX: FNV)(NYSE: FNV), and Triple Flag Precious Metals (TSX: TFPM, NYSE: TFPM). While there have been quite a few new entrants into the royalty space over the last couple years, Nick believes that the demand is there for more royalty vehicles, and that it isn’t overcrowded yet, and we’ll likely keep seeing more new companies launched as this sector continues to expand. He pointed out the some of the quality prospect generator companies, like Headwater Gold Inc. (CSE: HWG) (OTCQX: HWAUF) and Almadex Minerals Ltd. (TSX-V: DEX), have also accumulated royalties within their asset portfolios that provide future optionality to sell or spin out into new companies. Next, we shifted over to the merger and acquisition transactions in the precious metals and critical minerals space, noting some of the unique M&A news of late, and outlining why the overall volume of deal flow is less than many expected considering the need to replace minded reserves, and the compelling value propositions of the development projects. Nick outlines that this lack of takeovers of quality projects, while developers remain undervalued at current metals prices gives investors a unique opportunity to capitalize on these market inefficiencies. He revisits prior comments made about Kutcho Copper Corp. (TSXV: KC) (OTCQX: KCCFF) , and how since then the stock has gone up over a 100% after restating their economics in light of the underlying metals environment. Wrapping up we shift over to the strong fundamental factors for nuclear power and compelling supply/demand imbalances for more uranium. He discusses the permitting milestone achieved with Denison Mines Corp. (TSX: DML) (NYSE American: DNN), the imminent spin-out of Verdera Energy from enCore Energy Corp. (NASDAQ: EU) (TSXV: EU), and that North Shore Uranium Ltd. (TSX-V:NSU) and Skyharbour Resources Ltd. (TSX.V: SYH) (OTCQX: SYHBF) are 2 earlier-stage uranium explorers he’s been adding to in his portfolio. Click here to follow Nick’s analysis and publications over at Digest Publishing For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Feb 21, 202644 min

Ep 3204Argenta Silver - El Quevar Project Update: Upsized Drill Program To 25,000, New High-Grade Discovery

In this company update, we sit down with Joaquín Marías, President and CEO of Argenta Silver Corp. (TSX.V:AGAG | OTCQB:AGAGF | FRA:T1K), to discuss the significant acceleration of exploration activities at the El Quevar Project in Salta Province, Argentina. Joaquín provides a deep dive into the company’s upsized 25,000-meter drill program, the technical milestones ahead for 2026, and the recent discovery of a new gold-copper system. Key Discussion Points: Expanded 25,000m Drill Program: Originally planned at 15,000 meters, the program has been significantly upsized to 25,000 meters through April 2026, with a total goal of 45,000 meters by the end of 2026. New Exploration Frontiers: The company has more than doubled its exploration area from 25 square kilometers to 60 square kilometers, incorporating extensive geophysics, surface work, and environmental baseline studies. Gold-Copper Discovery at Carmen: Results from the January 21st release highlighted a significant new discovery 400–500 meters from the main resource, featuring 44 meters of gold and copper mineralization, suggesting a distinct and rich mineral system. Path to Economics: Argenta is initiating advanced metallurgical test work and technical studies to build upon the existing 50-million-ounce pure silver resource, moving the project closer to a formal Mineral Resource Update and Preliminary Economic Assessment (PEA). Strong Financial Position: Following a successful $23 million bought deal financing in January, Argenta is fully funded with over $40 million CAD to execute its aggressive 2026 exploration and development mandates. Please send me any follow up questions you have for Joaquin. My email address is [email protected]. Click here to visit the Argenta website to learn more about the company ----------------------- For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, and all financial assets involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Feb 20, 202614 min

Ep 3203Marc Chandler - Supreme Court Ruling On Tariffs, Economic Data (GDP), Fed Policy Update

In this daily editorial, we are joined by Marc Chandler, Managing Partner at Bannockburn Global Forex and Editor of the Marc to Market website. Marc provides a comprehensive analysis of a whirlwind week in the financial markets, headlined by a landmark legal shift in U.S. trade policy and a surprising cooling of the American economy. Key Discussion Points: Supreme Court Ruling on Tariffs: Analysis of the 6-3 vote overturning President Trump’s use of emergency powers for reciprocal and fentanyl-related tariffs. Fiscal and Inflationary Impact: How the potential $170 billion in tariff refunds creates credit-negative pressure on U.S. interest rates and downward pressure on consumer prices. Q4 GDP Miss: Examining the 1.4% growth rate, well below the 3% forecast, and how the government shutdown distorted final sales and inventory data. Federal Reserve Outlook: Navigating the "fragmented" FOMC minutes and the market's pricing of 55 basis points in cuts by late 2026. Currency and Dollar Strength: Why the U.S. Dollar remains resilient in a "prolonged correction" despite weak economic data and geopolitical noise. Click here to visit Marc’s site - Marc To Market - https://www.marctomarket.com/ -------------------------- For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Feb 20, 202613 min

Ep 3202Goldgroup Mining - Merger With Gold Resource Corporation: Project Overview, Multiple Producing Mines & Development Assets

In this episode, we are joined by Ralph Shearing, CEO of Goldgroup Mining (TSX.V: GGA | OTC:GGAZF), for an in-depth discussion on the transformative business combination with Gold Resource Corp (NYSE-A: GORO). This merger is set to reposition the company as a diversified, multi-asset gold and silver producer with a significant footprint across Mexico and a high-potential development project in the United States. Key Discussion Points: Strategic Merger Overview: Ralph explains how joining forces with Gold Resource Corp transforms both entities from single-asset risk profiles into a diversified, multi-mine producer with sights set on mid-tier status. Production and Asset Roadmap: A deep dive into the 2026 production targets, including the restart of the San Francisco Mine and the expansion of the Don David Mine in Oaxaca. The Back Forty Project: An update on the advanced-stage VMS deposit in Michigan, detailing the 4-5 year timeline to production following upcoming feasibility studies and permitting. Leadership and Strategy: Insight into the new executive team and the group’s aggressive strategy for further M&A in Mexico. Please email any questions you have for the team at Goldgroup - [email protected] & [email protected]. Click here to visit the Goldgroup Mining website - https://goldgroupmining.com/ --------------- For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Feb 20, 202616 min

Ep 3201Magna Mining – TSX Uplisting Process, 2026 Production Guidance and Mineral Reserves At McCreedy West, High-Grade Results At Levack’s R2 Zone

Jason Jessup, CEO and Director of Magna Mining (TSX.V: NICU) (OTCQX: MGMNF), joins me for an update on the TSX uplisting process, to review the updated mineral reserves and 2026 production guidance at their producing McCreedy West copper mine, located in Sudbury, Ontario, Canada. We also review the continued high-grade drill results across copper, nickel, platinum, palladium, gold, and silver in more recent assays returned from the ongoing exploration and development work at the Levack Mine. McCreedy West Mineral Reserve Highlights Probable Mineral Reserves of 987,000 tonnes at 1.59% Cu, 0.32% Ni, 0.01% Co, 1.15 g/t Pt, 1.23 g/t Pd, 0.32 g/t Au, 6.65 g/t Ag. Indicated Mineral Resources* of 5,632,000 tonnes at 1.10% Cu, 0.98% Ni, 0.03% Co, 0.82 g/t Pt, 0.92 g/t Pd, 0.23 g/t Au, 5.15 g/t Ag. Inferred Mineral Resources* of 874,000 tonnes at 1.37% Cu, 1.00% Ni, 0.02% Co, 1.26 g/t Pt, 1.24 g/t Pd, 0.26 g/t Au, 4.12 g/t Ag. McCreedy West Production Guidance Highlights Copper Equivalent (“CuEq”) payable production guidance of 16.0 million – 18.0 million pounds (“lbs”) CuEq from the 700 Copper Zone at McCreedy West Mine in 2026. All-In Sustaining Costs (AISC), excluding stream payments2 for 2026 are guided at US$4.20/lb CuEq – US$4.70/lb CuEq. Levack R2 Zone new assay results include: FNX6083-W5 – Intercepted 20.3% Cu, 0.1% Ni, 10.3 g/t Pt+Pd+Au, 151.0 g/t Ag over 0.7 metres, from 1,129.4 metres down hole; And 18.8% Cu, 0.2% Ni, 11.0 g/t Pt+Pd+Au, 115.0 g/t Ag over 1.4 metres, from 1,151.6 metres down hole; And 4% Cu, 0.9% Ni, 5.4 g/t Pt+Pd+Au, 173.0 g/t Ag over 1.0 metre, from 1,157.0 metres down hole FNX6070-W1 – Intercepted 5.7% Cu, 0.1% Ni, 28.3 g/t Pt+Pd+Au, 33.3 g/t Ag over 1.1 metres, from 1,098.6 metres down hole Preliminary Economic Assessment (“PEA”) underway at Levack Mine in parallel with work to re-establish ore and waste hoisting capabilities during 2026, and underground development to support ongoing exploration of the R2 Footwall Zone. Pre-Feasibility Study (“PFS”) underway at Crean Hill Mine while engineering work continues in order to facilitate dewatering of the underground workings which could commence in the second quarter of 2026. If you have questions for Jason regarding Magna Mining, then please email me at [email protected]. In full disclosure, Shad is a shareholder of Magna Mining at the time of this recording, and may choose to buy or sell shares at any time. Click here to follow along with the news at Magna Mining For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Feb 20, 202626 min

Ep 3200Sierra Madre Gold and Silver – Equipment Purchases at La Guitarra Accelerate Production Expansion, Exploration Strategy Across All Projects

Alex Langer, President and CEO of Sierra Madre Gold And Silver (TSXV: SM) (OTCQX: SMDRF), joins me to provide an equipment purchase and installation update on the progress of the planned two-stage expansion at its La Guitarra silver-gold mine complex. We also get a brief operations update on the 3 producing mines: La Guitarra, Coloso, and Nazareno mines in Mexico. Beyond the production growth, we also focus on the substantial exploration programs planned for the 2nd half of this year, both at the La Guitarra complex and at the property coming into the company from the ongoing acquisition of the Del Toro Silver Mine in the Chalchihuites District in Mexico from First Majestic Silver Corp. The first stage of the expansion at the La Guitarra plant will increase production rates from the current 500 tonnes per day ("tpd") to 750 tpd to 800 tpd of processing capacity; with a goal to get that completed by June or July of this summer. Processing plant and tailings handling upgrades and equipment purchases for the planned production expansion are underway. Once the first stage of the expansion is completed, the planned second phase would increase processing capacity to a range of 1,200 tpd to 1,500 tpd by Q3 2027. The current crushing circuit consists of a primary jaw crusher, a two-tier vibrating screen plant and a 3-foot short head cone crusher. The installation of a new 3-foot standard head crusher is expected to expand crushing capacity to 750 tpd to 800 tpd. Options are now being evaluated for the construction of a second crushed ore storage bin for additional backup storage capacity. Earthworks for the foundations of the 750 tpd to 800 tpd thickener are nearly complete. This thickener will allow a portion of the tailings to be deposited as paste fill in old stopes, thus extending the life of the existing tailings impoundment. It will also allow for the construction of a filter circuit to produce dry stackable tailings. A used 11x12.5 ball mill has been purchased and is in the process of being refurbished. The mill's capacity is a nominal 600 tpd at a -3/8 inch feed size and, when used in combination with one of the two existing +200 tpd mills, is expected to expand processing capacity to the 750 tpd to 800 tpd objective. The Company has acquired two new scoop trams, one used scoop and is in the process of rebuilding two existing scoops. These purchases and rebuilds will allow the Company to dedicate one 3-cubic metre scoop to the newly reopened Nazareno mine and allow for production improvements in both the Guitarra and Coloso mines. The Company has purchased four haulage trucks and a second front end loader. The balance of the discussion is on the exploration campaign for the second half of this year across both the La Guitarra property and Del Toro property. Alex points out that having their own assay lab should allow the company to quickly react to incoming assays at La Guitarra, going from 20 holes, to 40 holes, and then eventually 80 holes. At Del Toro, the envisioned plan is to drill about 30,000 meters, which is an even larger program than at La Guitarra. When pressed about what metals price environment the company would need to see to turn on the mines at Del Toro quicker, in tandem with the exploration, Alex mentioned that as was the case with La Guitarra, First Majestic has done an exceptional job in keeping permits current and maintaining the mine and plant in an operations-ready state. As a result, if a decision was made, after the acquisition is completed in late April, then it is possible that a mine restart could begin in around a year’s time. If you have any questions for Alex regarding Sierra Madre Gold and Silver, then please email them to me at either [email protected]. In full disclosure, Shad is a shareholder of Sierra Madre Gold and Silver and may choose to buy or sell shares at any time. Click here to follow along with the latest news from Sierra Madre Gold & Silver For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Feb 20, 202620 min

Ep 3199Kingsmen Resources – 15,000 Meter Drill Program This Year At Las Coloradas and Almoloya Projects

Scott Emerson, President and CEO of Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF) joins me for a visual overview of the company exploration initiatives at their 2 silver and gold projects, Las Coloradas and Almoloya, located in the Parral District, in Chihuahua, Mexico. >> To view the VIDEO version of this interview click below: https://youtu.be/GFGX6VW7thI We start off with Scott sharing some of the background on how this company came together over the last few years, where he consolidated 15 mining concessions around the prior-producing Las Coloradas Mine to form their flagship Las Coloradas Project, and ensure that their land package has district-scale size potential. After a few years of work consolidating the land, sampling and mapping, and reviewing historical data from Asarco, the Company drilled its maiden 3,000-meter reconnaissance drill program in 2025; with 12 holes that encountered broad intercepts and contained pockets of high-grade silver and gold mineralization for follow-up drilling. There are also a few compelling regional targets that will be drilled this year. The company has raised capital to go after a 15,000 meter follow-up program at both their Las Coloradas Project and initial drilling at the Almoloya Gold/Silver Project. Las Coloradas High Grade Silver Project Step-out and deeper drilling planned on the high-grade Soledad and Soledad II vein systems Approximately 700 metres of the Soledad structure remains to be tested Significant discovery potential in the largely undrilled (1 hole) 1.7 km Soledad II structure New priority drill targets emerging at Saddle and Silvia/La Plata zones Multiple large-scale, largely untested targets highlight district-scale discovery potential at Las Coloradas Almoloya Gold/Silver Project Initial diamond drilling planned on the gold-rich Juliettas structures District-scale CRD and oxide potential identified at Cigarrero Mine área Both projects located in prolific mining districts with geological similarities to major silver-gold deposits in Mexico Wrapping up Scott highlights the financial health of the company, the closing of the upsized bought deal financing in January, continued support from key stakeholders, the pattern of raising money at higher and higher valuations, the ability of in-the-money warrants to potentially bring in more funds. We also discuss the value in the 1% royalty on GoGold’s Los Ricos North, which if purchased back would bring in more non-dilutive capital. Scott reiterated that the future value creation will be determined with the drill bit, and the Company is cashed up well to execute on this exploration program, and will remain drilling for the balance of this year. If you have any questions for Scott regarding Kingsmen Resources, then please email those to me at [email protected]. Click here to follow the latest news from Kingsmen Resources For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Feb 20, 202631 min