The KE Report

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.

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 Fleck@kereport.com.  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.

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 Fleck@kereport.com and Shad@kereport.com.  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.

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. Fleck@kereport.com and Shad@kereport.com.    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.

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 Fleck@kereport.com.    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.

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.

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.

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.

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  Fleck@kereport.com. 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.

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.  

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 - Fleck@kereport.com & Shad@kereport.com.  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.

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 Shad@kereport.com.   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.

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 Shad@kereport.com.   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.

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 Shad@kereport.com.   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.

In this company update, I welcome back Paul Schubach, Chief Operating Officer of EMP Metals (CSE: EMPS - OTCQB: EMPPF), for an in-depth update on the company's advancements in the lithium space. Operating primarily out of the high-grade Viewfield property in Saskatchewan, EMP Metals is transitioning from pilot testing to a continuous demonstration plant.  Key Discussion Points: The Viewfield Advantage: Paul discusses the high-concentration nature of the Viewfield resource, highlighting well tests that have reached upwards of 259 mg/L of lithium, making it a premier focus for first commercial production. Continuous Demo Plant Logistics: A breakdown of the $10 million USD investment into the demo facility, which is designed to run for 12 months to gather live operating data and refine engineering documents. Strategic Partnership with Saltworks: Insight into how EMP Metals is leveraging Saltworks' industrial-scale technology to prove the remaining pieces of the lithium carbonate production flowsheet. Scalability and Economics: The transition from a 7-tonne annual demo output to a projected commercial facility producing between 1,500 and 3,000 tonnes per year, alongside the timing for updated economic reports (PFS/DFS) later in 2026. Portfolio Expansion: A look at the Mansur project as a secondary "hub and spoke" opportunity and the potential for future resource delineation and acquisitions.   If you have any follow up questions for Paul and the team at EMP Metals please email me at Fleck@kereport.com    Click here to visit the EMP Metals website to learn more about the Company and assets.    -------------------- 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.

In this daily editorial, we are joined by Joel Elconin, co-host of the PreMarket Prep Show and founder of the Stock Trader Network. As the market navigates a complex period of tech underperformance and shifting investor sentiment, Joel breaks down why the "Magnificent Seven" are losing steam and where the smart money is rotating to start 2026. Key Discussion Points: The Great Rotation Beneath the Surface: While major indices remain near their highs, a significant internal shift is occurring as investors move away from mega-cap tech and into value-oriented sectors that prioritize cash flow and tangible goods. The AI Spending Pivot: Massive capital expenditures by tech giants are no longer being rewarded by the market; instead, investors are looking for "picks and shovels" plays in hardware and infrastructure. Energy and Utility Resurgence: The power requirements for AI data centers are driving a new wave of interest in energy producers and traditional utilities, providing a strong floor for these sectors. A New Trend in Crude Oil: After years of pressure, crude oil and energy ETFs are showing technical signs of a major turn, supported by both value-seeking investors and rising industrial demand. Earnings Season Challenges: The "high bar" set for tech companies is leading to sell-offs even on earnings beats, as guidance fails to justify lofty valuations compared to more stable retail and staple stocks.   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/   Summary of Stocks & Symbols Mentioned: S&P 500 (SPX), Microsoft (MSFT), Google (GOOGL), Amazon (AMZN), Meta (META), Walmart (WMT), Micron (MU), SanDisk, Service Now (NOW), Salesforce (CRM), Constellation Energy (CEG), John Deere (DE), Caterpillar (CAT), Exxon Mobil (XOM), Chevron (CVX), Energy Select Sector SPDR Fund (XLE), United States Oil Fund (USO), Lemonade (LMND).   --------------------- 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.

In this special video company update, I am joined by Roger Moss, President and CEO of Labrador Gold (TSX.V:LAB - OTCQX:NKOSF - FSE:2N6), and Ryan Weston, Vice President of Exploration. The team provides a deep dive into their recent strategic joint venture with Nemo Resources, focusing on the newly formed private entity, Elementary Minerals, and its flagship Watson Project in Northwestern Ontario. Key Discussion Points: The Strategic Joint Venture: Roger Moss explains the formation of Elementary Minerals and the partnership with Nemo Resources. Labrador Gold holds an 80% interest in this new venture, combining technical expertise to explore the highly prospective Fort Hope Greenstone Belt. The Watson Project Opportunity: Ryan Weston outlines the geological significance of the project, located in the Uchi Domain—the same belt that hosts the legendary Red Lake and Pickle Lake camps. The project covers 127,000 hectares with no underlying royalties. Overcoming Geographical Hurdles: The team discusses why this area has remained under-explored. Despite the success of neighboring belts, the Watson Project has been hidden by cover, but new geophysical tools and techniques developed in the Ring of Fire are now being applied to unlock its potential. Exploration Roadmap for 2026/2027: The company is fast-tracking work with a significant airborne EM survey planned for this winter, followed by soil sampling in the summer. The goal is to define high-priority drill targets for a maiden drilling program by early 2027. Infrastructure and the Ring of Fire Road: A major catalyst for the project is the proposed Ring of Fire supply road, which is slated to pass directly through the property. This development is expected to significantly lower future exploration and operational costs.   Please email me with any questions for Roger or Ian. My email address is Fleck@kereport.com.   Click here to visit the Labrador Gold website to learn more about the Company - https://labradorgold.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.

In this episode of the KE Report, we sit down with Brett Heath, President and CEO of Metalla Royalty & Streaming (NYSE American: MTA | TSX-V: MTA), to discuss the company's financial performance and its growth roadmap for the coming years. Following the announcement of record annual revenues in 2026, a nearly 100% increase over the previous year, Brett provides a deep dive into the assets driving this growth and what investors can expect as the portfolio continues to mature. Key Discussion Points: Record Financial Results: Brett breaks down the nearly $12 million in revenue generated in 2025, explaining how a combination of higher metal prices and increased production from core assets like Tocantinzinho and Endeavor doubled the company's top line. The 2026 Production Outlook: A look ahead at the guidance scheduled for release on March 26, including the anticipated impact of two new mines, Amalgamated Kirkland and La Parrilla, slated to reach production later this year. The Royalty Margin Advantage: An exploration of why royalty companies are uniquely positioned to outperform mining equities in 2026. Brett explains how Metalla captures the full benefit of expanded reserves and increased production without exposure to the rising inflationary costs facing traditional operators. Portfolio Catalysts and Asset Expansion: Updates on major organic growth milestones, including the 65% reserve increase at the Wharf mine and significant development progress at large-scale copper projects like Copper World and Taca Taca. Strategic Growth and M&A: Insights into the current acquisition landscape, the use of Metalla's $75 million credit facility, and the potential for corporate-level transactions to further scale the business.   Please email me with any other questions you have for Brett - Fleck@kereport.com.    Click here to visit the Metalla Royalty & Streaming website to learn more about the Company and portfolio of royalty and stream assets.    --------------- 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.

James Anderson, Chairman & CEO of Guanajuato Silver (TSX.V:GSVR – OTCQX:GSVRF), joins me to celebrate the recognition of their team receiving awards for both the Top 50 TSX Venture and OTCQX stock exchanges for their Company performance last year.  We then spend the balance of the discussion outlining the key initiatives for their ongoing 75,000 meter drill program at each mine area, for a comprehensive exploration update across their portfolio of projects.    Guanajuato Silver produces silver and gold concentrates from the El Cubo Mine Complex, Valenciana Mines Complex, the San Ignacio mine, and their recently closed transformational acquisition of the Bolanitos Gold-Silver Mine from Endeavour Silver. In addition, the Company produces silver, gold, lead, and zinc concentrates from the Topia mine in northwestern Durango.  In addition to these 5 producing mines, the Company also has 3 past-producing exploration and development projects in their portfolio at the El Horcon Mine, Pinguico Mine, and Cebada Mine.   This 75,000 meter drill program will see the exploration work on most of these projects, and we circled around to the key initiatives at each mine.  Currently the drills have been turning at Topia, El Cubo, and El Horcon; with many assays at the lab to be released in the months to come.   On February 5th, the Company announced a new Mineral Resource Estimate for the Company's 100% owned Valenciana Mines Complex, where the updated inferred mineral resources increased by 630% to 20.3M AgEq Ounces ~(2.27 Mt @ 142.2 g/t Ag and 1.55 g/t Au, containing10.4 Moz Ag and 113 Koz Au). James outlined that this resource update reflects the strength and continuity of the underlying Veta Madre mineral system at Valenciana, and reinforces their confidence in the long-term viability and expanded potential of the project. If you have any follow up questions for James on Guanajuato Silver, then please email them into me at Shad@kereport.com.   In full disclosure, Shad is a shareholder of Guanajuato Silver 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 Guanajuato 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.

Shaun Heinrichs, President and CEO of 1911 Gold Corp (TSXV: AUMB) (OTCQX: AUMBF), joins me to for a comprehensive visual exploration and development update for advancing their True North Project, which includes a permitted mine and mill complex located on the Company's 100%-owned Rice Lake Gold property, spanning  61,647 hectares within and adjacent to the Archean Rice Lake greenstone belt in Manitoba, Canada.   Shaun outlines how 1911 Gold believes its land package is a prime exploration opportunity, on a brownfield site, with the potential to develop a mining district centered on expanding resources and eventually moving back into the development of the past-producing True North complex.  In addition to the permitted mine, there is a 1300 tpd permitted mill in place, which is expandable to 2250 tpd, which would have access to cheap hydroelectric power, and there is a permitted tailings area.   We unpack the key metrics from the Preliminary Economic Assessment (PEA), released to market on February 10th.  Shaun also highlights that this PEA doesn't include any of their drilling for the last 2 years, or the drilling they are doing this year, and is modeled off only a portion of the prior 2018 resource estimate.  Towards the end of this year the Company will be releasing an updated Resource Estimate incorporating the last few years of drilling, and then an updated PEA incorporating that larger resource model.   The initial PEA released this month outlines a robust gold mining operation utilizing the fully built and permitted infrastructure, including shafts, underground workings, and the processing and tailings management facility. 1911 Gold has estimated the infrastructure replacement value as being in excess of $400 million. The plan targets steady-state production of 58,114 ounces per annum with a mine life of 11 years.   PEA Highlights:   Robust Economics (After-tax):  At a long-term gold price of US$3,000 per ounce (“oz”) there is a Net present value (“NPV”) (5%) of $391 million, internal rate of return (“IRR”) of 105%, and a payback period of 2.2 years At a constant gold price of US$4,800/oz, the NPV(5%) grows to $998 million, with no calculated IRR due to no years with a negative cash flow, and an almost immediate payback period of under 1.0 year. Fully Permitted, Low Capital Project: Initial capital expenditures (“Capex”) of $59.2 million, utilizing the currently built and permitted payable infrastructure. Additional Capex of $46.7 million during the first 2 years of ramp-up. Processing: Average diluted mill head grade of 4.32 grams per tonne gold (“g/t”, “Au”) with gold recoveries of 93.5% over the LOM. Cash Costs and AISC: Producing gold at a cash cost of US$1,390/oz and all in sustaining cost (“AISC”) of US$1,897/oz. Near-Term Production: Production due to start in the first half of 2027 with test mining and a bulk sample planned for the second half of 2026. Production Growth: 1911 Gold has identified excellent potential to increase production by developing recently discovered zones such as San Antonio Southeast, San Antonio West, and Shore which are adjacent to existing infrastructure and not included in the study, in addition to regional targets.   This led us into the ongoing aggressive exploration program underway at surface for shallow high-grade targets as well as at depth, at their 2 new discoveries: the San Antonio West and San Antonio Southeast. The ongoing drilling is expanding the known resources of around 1.1 million ounces of gold in all categories.   With regards to regional targets, there was a 2,200-metre (“m”) diamond drill program completed in December at the Ogama-Rockland gold deposit, located approximately 27 kilometres (“km”) southeast of the True North Gold Project. One surface drill rig was mobilized and commenced drilling on December 12, 2025, and focused on resource expansion and confirmation drilling, with a separate resource update due out from this area later this year.   If you have any questions for Shaun regarding 1911 Gold Corp, then please email them into me at Shad@kereport.com. In full disclosure, Shad is a shareholder of 1911 Gold 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 1911 Gold 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.

In this company introduction, we are joined by Dan Rodriguez, Co-Founder and CEO of Mercado Minerals. Mercado Minerals (CSE: MERC) is a silver-focused exploration company with two projects in the mining region of Sinaloa, Mexico. Dan provides an in-depth look at the company's dual-asset strategy, the technical team's proven track record, and the upcoming milestones. Key Discussion Points: The Copalito Flagship Project: Dan details the history and potential of this advanced-stage asset, which boasts 81 historical diamond drill holes and 8 kilometers of strike length across six known silver and gold veins. 2026 Drill Program: Insights into the planned 3,000-meter drill campaign at Copalito, funded by a recent $6.6 million raise, aimed at confirming high-grade mineralization and testing new targets. The Zamora Grassroots Opportunity: An overview of the Zamora project, a high-grade prospect that has returned significant channel and grab samples but has never been drill-tested. World-Class Technical Team: A look at the expertise behind Mercado, including team members with deep ties to the success of Vizsla Silver and the discovery of the Napoleon vein. Financial Runway and Strategy: A breakdown of the company's current $6 million cash position and how capital is being deployed to maximize shareholder value through the 2026 field season.   Click here to visit the Mercado Minerals 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.

Jordan Rusche, Founder of Mining Stock Monkey, joins me for an in-depth and nuanced discussion on the recent gold and silver price volatility, 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 where we are in this precious metals cycle, with Jordan pointing out that most prior bull markets lasted 7-10 years.  He highlights that the gold price has been heading higher ever since its major bottom at $1045 back in December of 2015: “We are 10 years into this gold bull market already. That might suggest that we're getting towards the end of things…. However, if the US dollar keeps heading lower, towards 0, then upside in how high the silver and gold prices can go is infinite.” When asked if the move to triple digit silver was the blow off top, or if we'll see silver back over $100 in this cycle – Jordan reiterated that he still believes we'll see higher metals prices before this bull market runs its course.     Next we shifted over to some of the valuations in the gold producers in his portfolio. He still will look at each company though the lens of spot gold and silver pricing, but also will present his subscribers with a more conservative case using $50 silver and $4,000 gold. Jordan breaks down why he likes larger producers with growth on tap, highlighting the fundamental growth factors for Equinox Gold. We discuss why he recently sold half his shares in B2Gold, due to the increasing risk profile and potential for disappointing market guidance in the near-term.   Wrapping up we dive into some of the valuations he is looking at with regards to both the smaller and larger royalty companies, and why he is generally favoring the larger royalty and streaming companies.   Initially we unpack the many advantages that the royalty and streaming companies have over traditional mining companies, and why can participate in long-term value creation, and pull back less during corrective moves. He mentions that over a year ago he was more constructive on valuations of the smaller to mid-sized royalty companies, until they have since moved up to levels that seem more fairly valued, or even overvalued. He wants to focus on royalty and streaming companies that can aggressively reinvest revenues in growth, and many of the junior companies use up large percentages of revenues and free cash flows paying general and administrative expenses, giving them less capital to invest in new acquisitions. He discusses why he issued a sell alert recently to his subscribers with regards to the price-adjusted risk in Orogen Royalties, with regards to its valuation before it corrected down.  In contrast larger companies like Franco Nevada, Wheaton PMs, and Royal Gold pay their G&A out of just 2%-3% of their incoming revenues, with a big portion funded by just the interest made on cash on their balance sheets. Jordan highlights some large recent very large transactions executed by Royal Gold, Wheaton PMs, and Triple Flag as the kinds of value accretive growth that he is attracted to in the senior companies in this sector.   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 10% Discount! (Limited to the first 10 users) https://miningstockmonkey.com/products/vip?promo=KE10 . . https://miningstockmonkey.substack.com/kereport10   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.

Shane Williams, President and CEO of West Red Lake Gold Mines (TSX.V:WRLG – OTCQB:WRLGF), joins me to highlight the major company milestone last month of declaring commercial gold production at their 100% owned Madsen Mine; located in the Red Lake Gold District of Northwestern Ontario, Canada.  Additionally, we discuss both the exploration and development upside to access new high-grade areas of Madsen, and also to incorporate the satellite Rowan deposit into the expanded growth in their production profile over the next couple of years.   The Company announced on January 12th that the Madsen Mine achieved commercial production as of January 1, 2026. The mill averaged 689 tonnes per day (“tpd”) in December 2025. This represents 86% of permitted throughput of 800 tpd and meets the Company's internal commercial production requirement of 30 consecutive days of mill throughput at 65% or greater of permitted capacity. Operational stability, the other internal requirement, is also in place at Madsen. Consistent strong mill recoveries, which averaged 94.6% in December, enabled production of 3,215 ounces of gold.   Shane outlines how diligently the operations team has worked to achieve commercial production only seven months after completion of the bulk sample.  While they are not at full production capacity here in early 2026, the plan it to continue to ramp up from this strong base, and then reach sustained permitted capacity by mid-2026.  For this first quarter (Q1) of 2026, the mill feed will come predominantly from the 4447 area, the high-grade zone in South Austin that the Company defined in 2025. Mill feed is expected to average in excess of 6 grams per tonne gold (“g/t Au) in Q1.   Next we review all the development work in their underground operations that led up to gaining the confidence mining at Madsen since the middle of last year, opening of stopes in multiple areas like Austin and South Austin in addition to McVeigh.  Then we look ahead to other areas of growth like the new 904 high-grade zone in Lower Austin, the potential to drift over to Fork for 2027, as well as the potential to supplement mill throughput with ore from the satellite Rowan deposit in the next couple years. There has been ongoing drilling at these areas over the last few months which will continue moving forward, further defining the areas for expanded resources and future production growth.     If you have any follow up questions for Shane regarding West Red Lake Gold, then please email me at Shad@kereport.com.   In full disclosure, Shad is shareholder of West Red Lake Gold Mines 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 West Red Lake Gold Mines   Click here to watch the Corporate Video showcasing the move into commercial production at the Madsen Mine.   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.  

Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to review the value proposition that has his attention in the corporate news and strategies from 4 earlier-stage copper exploration companies that are near other significant projects, or that have the types of large targets that would attract the interest of senior producers.     >> The companies we discussed in the interview are:   Mogotes Metals Inc. (TSX.V: MOG) (OTCQB: MOGMF) (FSE: OY4) Andina Copper Corporation (TSX.V: ANDC) (OTCQB: PMMCF) (FSE: FIR) Tribeca Resources Corporation (TSX.V: TRBC) BCM Resources Corporation (TSX.V: B)      * 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.  

In this company update, I chat with with Alain Lambert, CEO of Prismo Metals (CSE: PRIZ | OTCQB: PMOMF | FSE: 7KU), to discuss their first-ever drill program at the Silver King project in Arizona. Key Discussion Points: The Silver King Drill Program: Alain details the upcoming 1,000-meter phase one drill program, which marks the first time this high-grade past producer has been tested with modern drilling techniques. Targeting Near-Surface Mineralization: The initial phase focuses on shallow holes (25 to 175 meters) to define high-grade mineralization left behind by historical mining operations in the late 1800s. Copper Porphyry Potential: Beyond silver, the project is situated near the massive Resolution Copper deposit, and the team is investigating potential porphyry-style mineralization that may lie beneath the silver-rich veins. Operational Budget and Timeline: With an all-in drilling cost of approximately $315 per meter, the company is fully funded for its current objectives and expects to release comprehensive assay results in the coming months. Update at Hot Breccia: Alain provides an update on the Hot Breccia copper project, where Prismo recently increased its interest to 95% to streamline potential partnerships with major industry players.   Click here to visit the Prismo Metals 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.

The start of 2026 has been defined by a dramatic shift in market leadership. While the AI-driven tech giants face increasing pressure over massive capital expenditures and industry disruption, a "Great Rotation" is underway. This weekend, we explore the cooling of the tech sector and the heating up of the "Real Economy", specifically the precious metals and energy sectors, where structural supply issues and fiscal stimulus are creating a powerful floor for prices.   Segment 1 & 2 - Kicking off the Weekend Show is Mike Larson, Editor-in-Chief at MoneyShow. Mike discusses recent market trends including the rotation from big tech and AI stocks into real-economy sectors like energy and materials, as well as the ongoing volatility and long-term bullish outlook for precious metals. Click here to learn more about the upcoming MoneyShow in Las Vegas - February 23-25 - https://www.lasvegasmoneyshow.com/?scode=066529   Segment 3 & 4 - Richard Postma (aka "Doc"), wraps up the show to provide a technical analysis of current precious metal charts, forecasting a healthy corrective phase for gold and silver before a continued long-term move higher. Doc highlights specific opportunities in major producers and mid-tier developers like Equinox Gold, Coeur Mining, and Integra Resources, while also discussing his shift toward energy and infrastructure stocks.   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.  

In this episode of the KE Report, we are joined by Louis Archambeault, the newly appointed Independent Director at Sitka Gold (TSX.V: SIG | OTCQB: SITKF | FRE:1RF). Louis shares his perspective on the company's high-grade intercepts in the Yukon and what it takes to transform a junior explorer into a target for major producers. Key Discussion Points: Louis Archambeault's Background: A look into his career transitions from engineering at Amec to M&A at CIBC and Goldcorp, and his success in taking the Bomboré project into production with Orezone. The Sitka Opportunity: Why the current lifecycle of the RC Gold Project and its massive 60,000-meter drill program present a unique value proposition in the junior mining sector. M&A Dynamics in the Gold Sector: An analysis of why major producers have been slow to acquire juniors and the "portfolio enhancement" strategies that often precede new acquisitions. The Path to Production: Exploring the parallels between Sitka's current stage and previous successful builds, focusing on metallurgy, scale, and upcoming economic studies (PEA).   If you have any follow up questions for the team at Sitka please email me at Fleck@kereport.com.  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.

In this Friday, February 13 editorial, we are joined by Marc Chandler, Managing Partner at Bannockburn Global Forex and Editor of the Marc to Market website. Marc provides a deep dive into a week of market reversals, beginning with the political landscape in Japan and extending to the shifting yield curves across North America and Europe and precious metals volatility. Key Discussion Points The Japanese Election & Yen Squeeze: Marc breaks down the "landslide" victory for the Liberal Democratic Party under Sanae Takaichi and the subsequent massive short-covering rally in the Yen and JGBs that caught the "smart money" off guard. Global Bond Market Rally: Despite strong U.S. jobs data and rumors of China reducing Treasury exposure, yields fell significantly across the US, Canada, and Europe. Marc explains the "buy the rumor, sell the fact" mentality currently driving these markets. Central Bank Divergence: We explore why Australia was the first G10 country to raise rates this year and why the market is now pricing in more aggressive Fed rate cuts than the central bank's own "dot plot" suggests. The Longevity of U.S. Tariffs: Marc discusses the potential for a "softer" global policy heading into the U.S. midterms, the pending Supreme Court ruling on emergency power tariffs, and the declining popularity of trade barriers. The Outlook for Precious Metals: With Gold holding above $5,000 and Silver near $78, Marc analyzes why central bank diversification and industrial demand in electronics continue to provide a solid floor for metals despite recent volatility. 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

In this episode of the KE Report, we are joined by Derek Iwanaka, CEO of Prince Silver (CSE:PRNC - OTCQB:PRNCF - FRA:T130), to discuss the company's aggressive exploration strategy in Nevada's historic Pioche mining district at the Prince Silver Project. Prince Silver is focused on revitalizing the past-producing mine that operated for nearly four decades. Key highlights: The Historic Prince Mine: Derek outlines the history of the project, which produced over 1 million tons of ore and approximately 3.6 million ounces of silver between 1912 and 1949. Expanding the Drill Program: Originally a 6,500-meter program, the company has expanded its current RC drilling to 9,000 meters due to early success. Derek reveals plans for a second phase, bringing the total expected drilling to 18,000 meters. High-Grade Results and Resource Targets: The conversation dives into recent assay results, including intercepts as high as 1,300 g/t silver. Derek discusses the internal exploration target of 75 to 150 million silver-equivalent ounces and the path toward a maiden 43-101 resource estimate in the second half of this year. Deep Mineralization Potential: Unlike historic operations that focused on surface oxides, Prince Silver is drilling deeper. Early results suggest significant mineralization, including high-grade gold, remains at depth. The Stampede Gap Project: A look at the company's second asset, a large-scale copper-gold-molybdenum porphyry target. While the current focus remains on the Prince Silver Project, the team is evaluating the long-term potential of this massive system. Please email me with any follow up questions for Derek - Fleck@kereport.com    Click here to visit the Prince Silver website to learn more about the projects and team.    ------------------------ 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.

In this company update, we are joined by Mike Spreadborough, Executive Co-Chairman, and Kas De Luca, General Manager of Exploration at Novo Resources (TSX: NVO | ASX: NVO | OTCQX: NSRPF). Following a flurry of activity across their portfolio, the team discusses the significant expansion of exploration targets at the Belltopper Project in Victoria, Australia. Key Discussion Points: Exploration Target Upgrade: The company recently announced a 40% increase in estimated ounces and a 48% increase in tonnage at the Belltopper Project, with the high-case exploration target now exceeding 880,000 ounces of gold. Geological Confidence: Kas De Luca explains how a year of mapping, 3D modeling of historical mine data, and modern drilling has expanded the target to eight distinct high-grade reefs, including the discovery of additional structures like the O'Connor's Reef. Proximity to World-Class Mines: The team highlights Belltopper's strategic location within the Bendigo Tectonic Zone, situated just 60km south of the high-grade Fosterville mine, in a province that has produced over 60 million ounces of gold. Upcoming Work Programs: Mike Spreadborough outlines the roadmap for the second half of 2026, which includes a major diamond and RC drilling campaign aimed at converting these exploration targets into a formal inferred resource. Portfolio-Wide Momentum: Beyond Victoria, the conversation touches on near-term drilling plans for projects in the Pilbara, supported by a solid cash position of approximately $8 million as of the start of the year.   Please email me with any follow up questions for Mike and the team at Novo Resources. My email address is Fleck@kereport.com.     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.

In this daily editorial for Thursday, February 12, 2026, we are joined by Dana Lyons, Fund Manager and Editor of The Lyons Share Pro. With market volatility on the rise and significant red across major indices, Dana provides a deep dive into what his proprietary risk models are signaling for the broad market versus the heavy-capped indices. Key Discussion Points: Broad Market Resilience: Why the risk models remain positive despite the struggles of the major cap-weighted indices, highlighting a breakout in mid-cap and equal-weight averages. Sector Rotations: Analysis of the emerging relative strength in Consumer Staples (XLP), Utilities (XLU), and Industrials (XLI). Energy Sector Breakout: A look at the Energy Select Sector SPDR Fund (XLE) and why its four-year basing pattern suggests a sustainable long-term move. Precious Metals Outlook: Differentiating the "parabolic" and "frothy" action in Silver (SLV) from the more measured, constructive moves in Gold (GLD) and the Gold Miners (GDX). Fixed Income and Crypto: Technical levels to watch for the 10-Year Yield, Emerging Market Bonds (EMB), and a short-term trading perspective on Bitcoin (BTC).   Click here to visit the Lyons Share Pro website take advantage of the 33% discount! - 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.

In this KE Report Daily Editorial, we chat with Joel Elconin, co-host of the Pre-Market Prep Show and founder of the Stock Trader Network, to dissect a volatile day of trading that saw a mid-morning "waterfall decline" across the broad averages. Joel provides a deep dive into the shifting market internals, moving beyond the headlines of the recent jobs report to explain the structural changes currently driving price action. From the disruption of the software sector to the sudden resurgence of traditional value plays, we cover the critical trends every investor needs to watch. Discussion Highlights: The Catalyst for the Sell-Off: Joel identifies the existing home sales data, which came in significantly lower than expected, as the primary trigger for the mid-morning market reversal. The AI Software vs. Hardware Divide: A look at why software giants like Oracle (ORCL) and Shopify (SHOP) are facing intense pressure, while hardware and chip makers like Micron (MU) and Seagate (STX) continue to find support. The Great Rotation into Value: Analysis of the flight to safety as investors move capital into "tried and true" consumer staples such as Coca-Cola (KO), Walmart (WMT), and Costco (COST). Real Estate and Paper Wealth: A sobering look at the housing market, specifically the decline in Toronto's median sales prices to pre-pandemic levels and the resulting evaporation of "paper wealth." Technical Outlook for the Bottom: Joel shares his strategy for identifying a market floor, emphasizing the need for consolidation and a clear catalyst before "taking a poke" at new positions.   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 (Symbols): ORCL, SHOP, MU, STX, KO, MCD, WMT, CP, COST, BRK.B, T, VZ, SCHW, LPLA, F, GM, BTC.   ----------------------- 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.

In this company update, we are joined by Brian Miller, CEO of Astra Exploration (TSX.V: ASTR | OTCQB: ATEPF), to discuss the ongoing progress at the La Manchuria gold-silver project in Argentina. Following a strategic shift in focus last year, the company is currently executing a 10,000-meter Phase 2 drilling campaign designed to test the scale and depth of the system. Key Discussion Points: Exploration Strategy and Program Allocation: Brian explains the allocation of the 10,000-meter program, highlighting the shift from near-surface "bulk tonnage" targets to the search for high-grade "feeder zones" at depth. High-Grade Assay Results: We review the February 10th results, which included intercepts such as 1,300 g/t silver and 9 g/t gold over 3.1 meters, confirming high-grade at the West Feeder zone. Comparisons to Cerro Negro: Brian draws parallels between the current evolution of La Manchuria and the famous Cerro Negro discovery, where the high-grade "Eureka" zone was discovered only after drilling beneath the initial near-surface resource. Financial Position and Next Steps: The company remains well-funded for its upcoming 5,000-meter program starting in March, with an all-in drilling cost of approximately $350 USD per meter.   Please email me any follow up questions for Brian - fleck@kereport.com. Click here to visit the Astra Exploration 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.

Sean Brodrick, Editor of Wealth Megatrends, Supercycle Investor, Resource Trader, and contributing analyst to Weiss Ratings Daily, joins us to provide his outlook on the valuations of gold, silver, antimony, and tungsten stocks when contrasted against the volatility we've seen in the metals over the last couple weeks and months.   Sean remains bullish for medium-term and longer-term in the precious metals, because all the fundamental macroeconomic and geopolitical factors are still in place and haven't changed.    However, after the wild price volatility in both directions for gold and silver in January and early February, he believes that we are likely now going to trend sideways in a price range for the near-term; basing for a while before the next move to the upside. He's recently taken some solid profits in silver stocks, since he expects further sector consolidation. Sean noted how the Chinese policy and trends in physical precious metals markets have had an outsized effect, sending prices in the precious metals first higher, and then were a big catalyst for the corrective moves lower in the metal, leading the pricing moves that the western exchanges then followed.  Despite harvesting gains in other silver stocks, he is considering getting back into First Majestic Silver Corp. (NYSE: AG) (TSX: AG) for their production profile and strong anticipated revenues and free cash flows from Q4 heading into Q1.   With regards to critical minerals, Sean remains quite interested in the metals of strategic importance to the US and the world at large, like rare earths, uranium, antimony, and tungsten.   We reviewed the big news out this week that Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) announced it has entered into a joint venture with United States Antimony (NYSE American: UAMY) to build a new antimony processing facility at the Galena Silver Mine in Idaho. He likes this partnership since these companies are actually producing and processing antimony and have the US government as potential partner to sell to. Sean is not really interested in the many other exploration stocks that now claim they have exposure to antimony too, because their projects are simply not close to producing this defense metal anywhere in the near-term. The one exception would be the quality and advanced stage of the project that Perpetua Resources Corp. (Nasdaq: PPTA / TSX: PPTA) has recently gotten permitted, and that a fellow contributor at Weiss Ratings has provided a research report on. With regards to tungsten, Sean has had his subscribers positioned in Almonty Industries Inc. (NASDAQ: ALM) (TSX: AII) (ASX: AII) for exposure to this defense metal, in a Canadian company, operating in Asia, but listed on the big board on the US Nasdaq exchange.     Click here to follow along with Sean's work at Weiss Ratings Daily and Wealth Megatrends   Click here to learn more about Resource Trader   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.  

José M. García, CEO and Director of Silver X Mining (TSX.V:AGX – OTCQB:AGXPF), joins me for a comprehensive video overview their aggressive growth plan to increase throughput levels from the Tangana Mine silver production and via increases to the plant capacity of the Recuperada Plant.  In tandem to those workstreams, their team has ongoing development and exploration work programs at both the Plata Mine and Red Silver Mine areas for new production to begin about a year out which will augment the consolidated production at their Nueva Recuperada Project, located in central Peru.   We start off by having José outline some of the step changes in the current focus on growing the production throughput at Tangana from the current 500-600 tonnes per day (tpd) up to nameplate capacity of the plant at 720 tpd.  Then they are seeking permits in the middle of this year to expand the plant throughput to 1,000 tpd by the end of 2026.   Then looking ahead 2-3 years, as outlined in their expanded Preliminary Economic Assessment (PEA) released to the market on September 4th, 2025, they will increase the Recuperada Plant capacity up to 1,500 tpd, and also build a new Tangana Plant also with 1,500 tpd capacity, taking throughput up to 3,000 tpd by 2029.   The vision is to increase mining, development, and grade from the Tangana unit to eventually feed the new plant, with higher grade material from both the Plata Mining Unit and Red Silver Mining Unit eventually feeding the Recuperada Plant.   When both plants are running at full capacity with 3,000 tpd the projected output would be over 6 million silver equivalent ounces of production per annum.   We spend the balance of the interview unpacking the ongoing 40,000 meter drill program, and aggressive exploration initiatives across their district-scale land package.   There are multiple goals for this largest drill program to date focused on further delineating the higher-grade areas of each area, updating the confidence in the continuity of known resources with infill drilling, while still looking to make new discoveries along strike and at depth.   Wrapping up with discuss the fiscal health of the company, reviewing the news out January 27th regarding the private placement offering by the Company of up to C$60 million aggregate principal amount of secured convertible debentures, potential exercise of in the money warrants, and organic revenue generation from mining.  These elements coming together will fund the company's initiatives to be able to keep growing the operations organically for the years ahead.   If you have any questions for José regarding Silver X Mining, then please email those into me at Shad@kereport.com.   In full disclosure, Shad is a shareholder of Silver X Mining 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 X 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.

In this company update, we are joined by Steve Barley, Chairman and CEO of Magma Silver (TSX.V:MGMA - OTCQB:MAGMF - FSE:BC21), to discuss the upcoming drill program at the Niñobamba silver and gold Project in Peru. Following our initial introduction to the story in November, the company is now moving into a two-phase, 4,000-meter drilling campaign aimed at confirming historical results and testing new geological theories. Key Discussion Points: Phase 1 Drill Strategy: Steve outlines the initial 2,000-meter program at the Jorimina Zone, which focuses on confirming historical results from Newmont. Targeting District Scale: The conversation covers the distinct mineralization across the 8km x 2km system, including the silver-dominant Niñobamba Main zone and the 2-kilometer silver anomaly identified at the Randypata Zone. A Pure Precious Metals Play: Magma Silver remains focused on primary silver and gold. Strong Financial Position: With approximately $5 million in the bank and recent warrant exercises, the company is fully funded for its 2026 exploration goals. Please email me with any follow up questions for Steve - Fleck@kereport.com. Click here to visit the Magma Silver website to learn more about the company - https://magmasilver.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.

Paul Huet, CEO and Chairman of Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS), joins me for an exclusive video interview to unpack the big news out today announcing the formation of the new joint venture with United States Antimony (NYSE American: UAMY) to build a new antimony processing facility at the Galena Silver Mine.   We also weave in a comprehensive review of the several key optimization initiatives ongoing at their silver-copper-gold-antimony-lead producing Galena Complex, located in Idaho, USA; as well as at the EC120 mine at their Cosalá Operations, located in Sinaloa, Mexico.  Additionally, we reviewed the development plan into first production this year after closing the acquisition of the Crescent Silver Mine, located just 9 miles away from their Galena Complex in Idaho.   Highlights of The Joint Venture Between Americas Gold & Silver and US Antimony   The JV, which will be 51% owned by Americas and 49% by US Antimony, will provide a mine-to-finished antimony #production solution to secure the supply chain for this critical mineral within the United States. U.S.-Based Vertical Integration: The JV will construct a new antimony processing plant in Idaho's Silver Valley. This construction and processing business will be overseen by representatives of each company. Americas-Controlled Feedstock and Site: Americas will contribute the site under existing operating permits for the JV Facility at its Galena Complex in Idaho and will sell antimony feed material mined from the Galena Complex to the JV on market terms. While Americas material will have priority, the JV Facility will also have the potential to process material from other mines. Operational and Market Expertise: US Antimony will contribute its knowledge and technical expertise in constructing and operating these types of facilities and will provide the JV with access to its extensive antimony marketing network including the U.S. Government.   We start off with Paul outlining the multifaceted approach to optimizing their Galena mining complex this year, comprised of 3 shafts and 2 mills currently being underutilized, but setting up for a marked incremental increase in production growth over the next few years. The company invested big in 2025 in a new fleet of mobile equipment to improve efficiencies and uptime, and in a 2-phase upgrade initiative for the hoist at the No. 3 Shaft, where the motor was upgraded to a larger more powerful one, increasing the amount of tonnes that can be raised each day.   Paul reviewed the increased silver production growth on tap from the Company after a key shift at Galena from the ‘Cut and Fill' mining method using handheld jacklegs, to a mechanized Long Hole Stoping mining method, which is far more efficient and still quite precise and able to mine at narrow widths down to 1 meter wide. There is capacity at their 2 mills to accept larger amounts of throughput as mining capacity expands   Next we talked about the initiatives to grow resources through exploration and grade-driven growth, building upon future mine sequencing following up on the successful exploration at the 034 vein at the 5200 level and the 149 vein at the 4300 level.   There will also be aggressive drilling ongoing at the recently acquired nearby Crescent Mine as well as in the Cosala operations in Mexico; with the goal to go from 7 mines turning at present across the portfolio of projects with a target of getting up to 20 drill rigs turning by early next year.   Paul laid out the development and exploration work slated at the Crescent, located just 9 miles from the Galena Complex, after the acquisition of this fully permitted past-producing mine which will be advanced for a restart here in 2026.  The Crescent Mine will provide a supplementary high-grade source of feed to their 2 mills at Galena, further utilizing processing capacity.   The mineralized material at Crescent is very similar to the tetrahedrite material at Galena which contains high grade Silver and significant by-product potential from antimony and copper, which meshes perfectly with their strategy to maximize the production value across all metals.   Wrapping up, we shifted down to the Cosalá Operations in Mexico, where the Company has been investing in exploration to extend the San Rafael mine, and most importantly it has been tunneling over into a new area of the El Cajon mine called the EC120 mine, which will now see increased silver production in the years to come. This brought up the point that this company is one of the few North American silver-focused producers with the objective of having 87% of its revenue generated from silver in the year to come.     If you have any questions for Paul regarding Americas Gold and Silver, then please email those to me at Shad@kereport.com.   In full disclosure, Shad is a shareholder of Americas Gold and Silver 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 Americas Gold and 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.    

Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins me to reflect on the continued disconnect we are seeing in valuation that many of the gold and silver stocks are receiving in their market caps, compared to what the value of their ‘banked success' of defined resources in the ground are worth; or in light of the expanding net present values of their economic studies when analyzed at today's spot prices.   We review the many investors are getting worried that they've already missed the moves in most companies, simply because they've run up multiple-fold.  However, those investors are not really considering that the big moves higher on the charts are coming off incredibly oversold valuations that were not reflective of the value created even at much lower metals prices.   Now that gold and silver have run up so much higher, many of the stocks are actually just as undervalued now as they were before they put in big 3x or 5x moves to the upside.   “Some of the highest margin of safety I've ever seen in this sector is still present despite some of these juniors having gone up X multiples.”   At anywhere near today's spot prices most projects should actually be fetching far higher valuations, even using conservative multipliers for resources or using the advanced economic studies in place.  We contrast this current undervaluation seen across most of the sector PM stocks against other more richly valued periods, like back at the peak of the sector surge back in 2016.   Back at that point in time, even though metals had started moving up sharply, there were many stocks that were still subeconomic and yet were pricing in future higher metals price values that far exceeded their economic studies or value of their resources.  This is why things topped and took years to consolidate afterwards, which is a very different converse situation than what we are seeing play out in today's market. Erik points out that there seems to be a general disbelief of current metals prices and reluctance to even value companies somewhere between base case assumptions and current prices.   This disbelief is keeping the sector ripe with opportunities and climbing the proverbial “wall of worry;” which is not one one typically sees at or near market tops.      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.

In this daily editorial for Tuesday, February 10, 2026, we are joined by Dave Erfle, the founder and editor of the Junior Miner Junky. As precious metals navigate a volatile range, with gold holding near $5,000 and silver around $80, Dave shares his tactical approach to portfolio management, risk mitigation, and the shifting dynamics between majors and juniors. Key Discussion Points Strategic Profit Taking: Dave explains his recent decision to alert subscribers to sell portions of their holdings during the parabolic spikes in gold and silver, emphasizing the importance of turning paper gains into risk-free positions. Market Rotation: A look at how retail interest is shifting from the AI sector into the gold sector as investors seek value in miners that remain relatively cheap compared to record-high metal prices. The Vizsla Silver Crisis: A sobering discussion on the tragic events surrounding Vizsla Silver (VZLA) in Mexico, the implications for jurisdictional risk, and how such events impact the likelihood of major buyouts in the region. Due Diligence & Risk Management: Insights into Dave's criteria for selecting high-risk junior plays, focusing on share structure, management longevity, and the necessity of diversification to protect against unforeseen sector shocks.   Click here to visit the Junior Miner Junky website to learn more about Dave's investment letter - https://www.juniorminerjunky.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.

In this company update, we sit down with Mike Spreadborough, Executive Co-Chairman, and Kas De Luca, General Manager of Exploration at Novo Resources (TSX: NVO | ASX: NVO | OTCQX: NSRPF). We dive into the latest project update from the Wyloo Project, situated in the Southern Pilbara region of Western Australia, where the company has identified significant new high-grade targets. The discussion focuses on the emergence of the Wyloo SE and Wyloo SW targets, a 5-kilometer trend that has shifted Wyloo to a high-priority status within Novo's portfolio.  Key Discussion Points: The Evolution of Wyloo: Mike Spreadborough explains how the Wyloo Project moved up the priority list following successful land access and the rising global demand for critical metals like antimony. Discovery of High-Grade Trends: Kas De Luca details the results from systematic sampling, highlighting a 5-kilometer trend with rock chip samples peaking at 482 g/t silver and significant gold-antimony mineralization. Maiden Drill Program: The team outlines plans for a 1,500-meter maiden drill program set for April 2026, designed to test the depth, width, and metal zonation of the vein system. Strategic 2026 Outlook: A look at the broader exploration strategy across the company's portfolio of projects in Australia.    Please email me with any follow up questions for Mike and the team at Novo Resources. My email address is Fleck@kereport.com.     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.

Tim Shearcroft,  CEO and Co-Founder of BP Silver Corp. (TSXV: BPAG), joins me for a review of the results from the first two drill holes of its initial eleven-hole Phase I drill program at the Cosuño Silver Project, located in the prolific Bolivian silver belt. 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.   The Phase I drill program tested four initial targets in the southern portion of Cosuño, selected as initial targets because they were outcropping, in an area that is covered by surficial overburden.  Drill Holes CO-0001 and CO-0002 were drilled in the Jalsuri target, a northwest-southeast trending ridge formed by a prominent mineralized structure.  These results validated that the lithocap at Cosuño is mineralized with precious metals and base metals.   CO-0001 intercepted 62 meters of 56.96 silver equivalent (AgEq), including 29 meters of 80 AgEq, and 4 meters of 150 AgEq CO-0002 intercepted 33 meters of 62.86 silver equivalent (AgEq), including 3 meters of 124.95 AgEq   The remaining 9 holes from Phase I will have more holes returned from the Jalsuri, Benhur, Pocalleta, and Pocañita Chica target areas.   We also discussed the potential for future drilling at the other portion of Jalsuri, and the Pocañita Grande targets.   We discuss the prospectivity of Bolivia for mineral exploration and exploitation, the handful of companies that have made solid advancements on their projects in country, and how the political administration has recently changed to become more amenable to foreign business investment and mineral extraction.   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 Shad@kereport.com.   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.

In this KE Report daily editorial, we are joined by Peter Boockvar, Chief Investment Officer at OnePoint BFG Wealth Partners and editor of The Boock Report on Substack. Peter shares his perspective on recent volatility across commodities, the outlook for precious metals, energy markets, and what earnings season is revealing about the broader economy. Key themes discussed include: Gold & Silver Volatility - A look at the parabolic move and sharp correction in precious metals, why consolidation may take time, and what could ultimately re-establish a more stable base. Macro Risks to the Precious Metals Bull Market - Central bank policy, currency strength, geopolitical dynamics, and factors that could weaken long-term demand for gold. Base Metals, Critical & Strategic Resources - How deglobalization, supply chain security, and resource hoarding are reshaping demand for industrial and strategic metals. Energy Markets & Oil Outlook - Why oil remains supported despite bearish sentiment, the impact of underinvestment, and what higher prices could mean for energy equities. Earnings Season & Equity Valuations - Insights into elevated expectations, revenue trends, margin pressures, and what current earnings reveal about economic momentum. Sector Positioning for 2026 - Peter highlights where he sees opportunity, including energy, commodities, and select defensive sectors amid shifting market leadership.   Click here to follow Peter at The Boock Report - https://peterboockvar.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.

Maura Kolb, President, of Dryden Gold Corp (TSX.V: DRY) (OTCQB: DRYGF), joins me for an exclusive video update recapping the recent exploration results from early 2026, key takeaways from the prior 2025 exploration program, and the larger fully-funded 2026 work program at the 3 regional areas:  Gold Rock Camp, Sherridon, and Hyndman across their Dryden Gold District, in Northwestern Ontario, Canada.   We also review the constructive signal seen when a few key stakeholders topped their company investments in recent capital raises and through the exercising of warrants.   Maura provides a brief overview of the larger district-scale land page and the exploration potential at each of the 3 key regional areas of focus.    We start off reviewing some the key targets drilled in last season's 15,000 meter program along both the Big Master and Elora Gold trends at the Gold Rock Camp,  incorporating the data sets from the D1, D2, and new understanding of the D3 structural faulting trends.  Maura then highlights the prior drill results from around the Elora-Jubilee Target, Pearl Target, and Laurentian Mine Target; mostly on the hanging wall side of the main trends in multiple parallel trends.   On February 4, 2026 Dryden announced new drill results which tested the Pearl zone in the Gold Rock Target Area. Results show continued expansion of the mineralization at Gold Rock with the discovery of two new footwall zones parallel to the main Elora shear structure at Pearl.  This is the first significant mineralization discovered in the footwall of the Elora Shear at Pearl establishing another high-grade exploration target at Gold Rock. Further interpretation of existing data and this new drilling has revealed a second high-grade pod on the main Elora shear zone. The highlighted intercepts are near surface from 15 to 70 meters vertical depth.   Highlights of the recent 2026 drilling at the Pearl target:    Hole DGR-032 returned 6.4 g/t gold over 3.30 meters including 15.10 g/t gold over 1.00 meters in new high-grade footwall zone at Pearl Hole DGR-031 returned 77.90 g/t gold over 0.50 meters in a second footwall zone at Pearl Hole DGR-032 returned 1.61 g/t gold over 16.40 meters including 6.81 g/t gold over 2.50 meters in the Elora shear at Pearl     We discuss the significance of the broader bulk tonnage mineralization that is then being upgraded by the multiple high-grade intercepts along the hanging wall and foot wall trends, and why it is encouraging to keep seeing both types of mineralization for the overall continuity of the deposit.   Next we reviewed the results released on January 20th from the next 3 holes drilled at Sherridon regional area; which compliment the data collected from the first 3 drill holes put in later last year. This included a broad interval of near surface gold mineralization in hole DSH-004 which returned 1.10 g/t gold over 15.50 metres, including 0.50 metres grading 25.20 g/t gold. Testing to date has focused on only a small portion of the 5km trend, leaving the Sherridon area open in all directions. Additional drill targets for this year will be designed based on analyzing results from the first 6 drill holes in tandem with geological interpretations from soil sample geochemistry, mapping, surveys, and re-logging of historic core.   Then we shifted over the Hyndman area, as a 3rd area of focus for this year's program. Maura outlines that the first 6 holes were just drilled, following up on the detailed mapping from 2024, overlaid with the data from the 2025 channel sampling program along existing outcrop exposures.  Maura outlines where these first 6 drill holes were just completed at Hyndman on the map, and that assays are anticipated to be returned back from the lab in about a month.   We wrap things up with outlining the strength of the management team and board of directors, as well as the very strong list of high profile shareholders like Eric Sprott, Rob McEwen, Bob Quartermain, a number of key funds and institutions, and their 2 key strategic shareholders in Centerra Gold and Alamos Gold.  The company is fully funded for the 32,000 meter drill program and regional exploration initiatives for the balance of 2026. *     If you have any questions for Maura regarding Dryden Gold, then please email them into us at Fleck@kereport.com or Shad@kereport.com.     In full disclosure, Shad is a shareholder of Dryden Gold 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 Dryden Gold   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.  

In this daily editorial, we are joined by Craig Hemke, Founder and Editor of the TF Metals Report, to dissect one of the most volatile periods in recent precious metals history. Following a series of dramatic price swings, Craig shares his perspective on the structural "washout" in the paper markets and why the current setup may be a strong signal that a sustainable bottom is in place. Key discussion points: COT Report Insights: Craig analyzes the massive liquidations shown in the Commitment of Traders (COT) survey, noting that open interest across Comex Gold has fallen to its lowest levels since late 2018. Physical vs. Derivative Markets: A look at the growing tug-of-war between strong physical buying in Shanghai and London versus the aggressive derivative trading and "bot" activity on the New York Comex. Mining Stock Leverage: Why producers like Barrick Gold (GOLD) continue to see a valuation gap despite record-breaking revenue growth and significantly higher average selling prices compared to previous quarters. Macro Drivers: Evaluation of the "Trump-Warsh" trade, currency debasement, and how sideways movement in metals can actually be a bullish catalyst for retail interest in the mining sector.   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.

In this company update, we welcome back Greg McKenzie, President and CEO of Silver Storm Mining Ltd. (TSXV: SVRS | OTCQX: SVRSF | FSE: SVR). Following our initial introduction in December, Greg returns to discuss the significant operational milestones achieved as the Company nears the anticipated Q2 2026 restart of the La Parrilla Silver Mine Complex in Durango, Mexico. We also dive into the Company's parallel exploration strategy, highlighted by a 6,000-meter underground drilling program aimed at expanding the resource base at key mine areas. Key Discussion Points: Mine Restart Progress and Timeline: The rehabilitation of the La Parrilla plant remains on schedule and on budget for a potential restart in the second quarter of 2026. Capacity Expansion and Technical Upgrades: Silver Storm has commenced the expansion of the sulphide flotation circuit to 1,250 tonnes per day (tpd), with all eight new flotation cells now delivered to the site. Active Drilling and Resource Growth: A 6,000-meter underground drilling campaign is underway at the Quebradillas, San Marcos, and Rosarios mines to increase indicated and inferred resources ahead of production. Production Targets and Financial Outlook: The Company is targeting an eventual run rate of 3 million silver equivalent ounces per year, backed by a cash position of approximately $31 million CAD.   Click here to listen to the introduction interview with Greg.  Click here to visit the Silver Storm Mining 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.

This Weekend Show pairs Brien Lundin (Gold Newsletter) with Cory & Shad's MarketQuick Take to unpack the same question from two angles: was the silver/gold surge a true breakout… or a blow-off top? From conference-floor euphoria and record volume to a historic, gut-wrenching reversal, this Weekend Show digs into what this volatility really means, and how investors can survive (and potentially benefit) from the chop ahead. Segment 1 & 2 - Brien Lundin, editor of the Gold Newsletter and host of the New Orleans Investment Conference, kicks off the show to discuss the sharp correction and extreme volatility in gold and silver, why a period of consolidation is likely, and how investors should think about sentiment, valuations, and opportunity in precious metals stocks going forward. He also shares a number of junior stocks with drill programs and near term news he is watching closely.  Click here to learn more about the Gold Newsletter. - https://goldnewsletter.com/   Segment 3 & 4 - Cory Fleck and Shad Marquitz recap their takeaways from Vancouver's Metals Investor Forum and VRIC - highlighting the packed, euphoric “high-fives and hugs” sentiment as gold and silver hit record highs - then dig into the sudden, historic post-conference selloff, what it signals about fading momentum and profit-taking, and why they're watching for a rotation of capital from precious metals into copper, energy metals, and oil & gas.   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.

In this company update, we sit down with Garrett Ainsworth, President, CEO, and Director of District Metals Corp. (TSX-V: DMX | OTCQX: DMXCF | Nasdaq First North: DMXSE). Following a period of market volatility, Garrett joins us to clarify the recent Swedish media reports regarding local government pushback on alum shale mining and what it truly means for the company's flagship asset, the Viken Deposit. Key Discussion Highlights: Business as Usual Amid Policy Shifts: Garrett emphasizes that the lifting of the Swedish uranium ban remains effective as of January 1, 2026, allowing the company to legally advance its Alum Shale and hard rock uranium deposits. Decoding the Municipal Veto: An analysis of the current political environment in Sweden, where the national government is exploring the removal of the municipal veto for uranium processing - a move that has sparked recent debate ahead of the September elections. The "National Interest" Catalyst: Why the potential designation of the Viken Deposit as a "Deposit of National Interest" by the Geological Survey of Sweden could provide a critical regulatory pathway that may override local vetoes. Financial and Operational Strength: A look at District's $9 million (CAD) cash position and the upcoming milestones for 2026, including the Preliminary Economic Assessment (PEA) and Economic Impact Study (EIS) for the Viken Deposit.   If you have any follow up questions for Garrett please email me at Fleck@kereport.com. Click here to visit the District Metals website to learn more about the Company - https://www.districtmetals.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.

In this editorial, we are joined by Marc Chandler, Managing Partner at Bannockburn Global Forex and Editor of the Marc to Market website. Marc provides a deep dive into the shifting dynamics of the global currency markets, analyzing whether the recent US Dollar bounce has reached its limit and what the technical "outside day" patterns are signaling for the week ahead. We explore the "Sell America" narrative, the mechanics of dollar-hedged equity trades, and why Marc remains skeptical of the "uncurrency" argument regarding gold's rise against fiat. With a data-heavy week on the horizon, we break down what to expect from the upcoming US employment report and CPI figures. 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.

In this company update, we sit down with Colin Padget, President and CEO of Founders Metals (TSX.V:FDR - OTC:FDMIF - FSE:9DL0), to review the latest drill results and the monumental land expansion at the Antino Gold Project in Suriname. Following the recent news release, Colin breaks down the high-grade hits at Lower Antino and explains the strategic significance of growing the project footprint to a staggering 100,000 hectares. Discussion Highlights: High-Grade Consistency at Lower Antino: Colin discusses the recent drill results, including a headline intercept of 90 meters at 1.02 g/t Au, and the importance of high-grade "kicks" within broad mineralized zones. Massive District Land Expansion: An exploration of why the company expanded its land package to 100,000 hectares and how this consolidates an entire greenstone belt region. Prioritizing the 2026 Drill Program: Insights into how the company is balancing exploration across Upper Antino, Lower Antino, and new regional targets like the 5km auger anomaly in the north. Fully Funded for Aggressive Growth: A look at the company's robust treasury of $55 million and a planned $35–$37 million spend for 2026 to unlock first-order discoveries.   If you have any follow up questions or topic you would like Colin to address please email me at Fleck@kereport.com.    Click here to visit the Founders Metals website - https://www.fdrmetals.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.

John Rubino, [Substack https://rubino.substack.com/ ], joins us for another wide-ranging and nuanced discussion around fundamental drivers, macro catalysts, and technical momentum factors that are leading to volatility in precious metals like silver, gold, and platinum, and the related PM stocks.  We also review initiatives from industry and governments to secure supplies of domestic critical minerals like copper, nickel, zinc, uranium, and rare earths.   We start off reviewing the run in silver, gold, and platinum to new all-time highs just in January, followed by a sharp reversal lower the last day of the month and over the handful of trading sessions to kick off February.    John touches upon the series of potential catalysts that led to the swift correction in metals process from investors “with large profits that needed to be protected,” the Trump appointment of Kevin Warsh to the Fed, both US and Chinese commodities exchanges raising margin requirements to trade the metals, and corrective trends pressuring a number of equity market sectors and the crypto space lower in sympathy. He contrasts those headwinds with the longer-term positive tailwind catalysts for the precious metals; arising from central bank buying of gold, geopolitical uncertainties, 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.   John reviews the investing strategies he is utilizing in his own portfolio of resource stocks; where he is dollar cost averaging into quality producers and developers across a range of key metals stocks using low-ball bids to accumulate positions on pricing pullbacks.   When discussing the growing demand for critical minerals globally for defense and industry, John highlights the recent US initiative to build a strategic minerals stockpile dubbed “Project Vault.”  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.    We discuss merger & acquisitions from precious metals companies into copper and critical minerals deposits may be the right kind of diversification taking advantage of the larger macro themes in the commodities sector.   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, to better understand the individual companies they are investing in.   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.  

Steve Penny, Founder and Publisher of The SilverChartist Report is back! Steve joins me to rapid-fire through a number of charts and key technical analysis takeaways on the Silver monthly and daily charts, the Amplify Junior Silver Miners ETF (SILJ), the SILJ:Silver ratio chart, the Gold monthly & daily charts, the VanEck Gold Miners ETF (GDX), the Gold:Silver Ratio chart, the Sprott Physical Uranium Trust (SRUUF), the Sprott Uranium Miners ETF (URNM), and the Uranium:Gold ratio chart.     Click below to learn more about Steve's Silver Chartist analysis & community: https://silverchartist.com/plans     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.