The KE Report

In this Daily Editorial, I sit down with Joel Elconin, co-host of the Pre-Market Prep Show and founder of the Stock Trader Network, to examine the current macroeconomic landscape, key corporate earnings, and sector-specific momentum. The Semiconductor and AI Phenomenon: A look into whether current semiconductor valuations mirror the dot-com bubble or if strong corporate cash flows justify the historic market run. Nvidia Earnings and Guidance Realities: Evaluating the market's high bar for Nvidia following its recent report and what the post-earnings price action signals for tech momentum. Consumer Health and Retail Barometers: Analyzing recent earnings from retail giants Walmart and Target to gauge consumer spending strength amid fluctuating energy costs. Inflation, the Fed, and Interest Rates: Discussing recent sticky inflation metrics, the potential impact of crude oil prices, and what a shifting political landscape could mean for future Federal Reserve policy. The Looming IPO Wave and Market Liquidity: Weighing whether highly anticipated public debuts could signal a cyclical market top and if enough capital liquidity exists to absorb them. Government Action in Quantum Computing: Examining the Trump administration's active involvement in the quantum sector and how investors should play government-backed tech trends. Precious Metals Technical Analysis: Breaking down the near-term technical correction in gold and silver charts against their long-term bullish structures. Stocks Mentioned: Micron Technology (NASDAQ: MU), Samsung (OTC: SSNLF), Nvidia (NASDAQ: NVDA), Walmart (NYSE: WMT), Target (NYSE: TGT), Intel (NASDAQ: INTC), IBM (NYSE: IBM).   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/   ----------------------- 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, Cory Fleck is joined by Brien Lundin, Editor of the Gold Newsletter and host of the New Orleans Investment Conference, to analyze the current corrective phase in the precious metals market and explore emerging opportunities across the broader commodities sector. Key Discussion Points: Short-term technical corrections vs. long-term strength: A look at the recent sideways trading patterns for gold and silver, what the charts reveal about moving averages, and why the macro fundamentals remain incredibly supportive for long-term investors. The evolving gold-to-silver relationship: An analysis of silver's recent volatility, how the gold-silver ratio is behaving, and why the participation of Western investors is shifting this market back toward a classic bull cycle structure. Macro drivers and the shift in risk assets: How rising Treasury yields and the geopolitical landscape are impacting the Federal Reserve's policy outlook, and what needs to happen to relieve downward pressure on metals and miners. Sector rotation and critical minerals: Why capital is beginning to rotate from gold into base and critical metals like copper and tungsten, and how strategic government funding is shifting the economics of domestic resource plays. Portfolio management in a target-rich environment: Brien explains his stringent criteria for cutting loose slower-moving companies to make immediate room for high-conviction junior exploration stories. Recent newsmakers in the junior sector: Insights into recent corporate updates from standout resource players and what to look for as the summer drilling season gets underway.   Click here to learn more about the Gold Newsletter. - https://goldnewsletter.com/   Click here to learn more about the New Orleans Investment Conference on October 28-31.    -------------- 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, I sit down with Craig Nicol, Founder and CEO of Graphene Manufacturing Group (TSXV: GMG / OTCQX: GMGMF), to review a series of major corporate and commercial milestones achieved over the last four weeks. Craig shares updates regarding global distribution partnerships, advancements in their production facilities, and strategic executive appointments aimed at scaling operations. The discussion covers several key corporate developments: THERMAL-XR® Expansion in Australia: Craig discusses a new commercial commitment to apply THERMAL-XR® to hundreds of air conditioning units in a major Australian luxury tower development. Global Oil & Gas Distribution Partnership: An overview of the exclusive international agreement with Curran International to deliver THERMAL-XR® to major oil, gas, and LNG players globally. Next-Gen Production Facility Updates: A status update on the construction and commissioning of the automated Gen2 facility, alongside long-term scaling plans for Gen2.1. New Chief Production Growth Officer: Introducing the strategic hire of an industry veteran from Rio Tinto to oversee the meticulous front-end framing of global production growth. Graphene Aluminum-Ion Battery & G® Lubricant Milestones: A technical review of electron-usage verification in their battery program, upcoming client sampling plans, and the path forward for fleet data collection.   Please keep the questions coming! Email me at Fleck@kereport.com.   Click here to visit the GMG website to learn more about the Company - https://graphenemg.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 Introduction, I chat with Meredith Eades, President and CEO of EraNova Metals (TSXV: NOVA | OTCQB: STXPF). Meredith joins me to discuss her new leadership role, the strategic rebrand from Stuhini Exploration, and the company's dual-track approach to unlocking value from the large Ruby Creek property in Atlin, British Columbia. Key discussion points include: Fast-Tracking the Adanac Molybdenum Project: An overview of how over $100 million in historical spending and extensive infrastructure are enabling the company to bypass the pre-feasibility stage and head straight from an upcoming Preliminary Economic Assessment (PEA) toward a full Feasibility Study. The Strategic Value of Molybdenum: A look at the global supply landscape for molybdenum, the 433-million-pound resource at Adanac, and why current market dynamics position this development-ready asset as a rare commodity in North America. High-Grade Discovery Potential at Atlin: Exploring the separate, highly prospective exploration arm of the property, which boasts surface samples of gold, silver, tungsten, and copper. Corporate Vision and Capital Allocation: Insights into the company's lean share structure, prominent backers like Eric Sprott, and how a recent $600,000 financing will fund immediate milestones and upcoming news flow.   Click here to visit the EraNova website to learn more about the Company - https://www.eranovametals.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 connect with Tara Christie, President and CEO of Banyan Gold (TSXV: BYN / OTCQB: BYAGF). Tara takes us through the updated Mineral Resource Estimate (MRE) for the AurMac Gold Project located in the Yukon, which was announced on May 19, 2026. We discuss the significant expansion of the project's total footprint, the successful definition of a substantial high-grade core, and what these new numbers mean for the company's upcoming PEA milestones. Key discussion points include: Exceeding the High-Grade Target: How the company successfully delineated a high-grade portion of the deposit right around 1.0 g/t gold, surpassing their original 5-million-ounce target. Impressive Resource Conversion Rates: A look at the 90% conversion success rate to the indicated category, showcasing the continuity and robustness of the deposit without sacrificing grade. Pit-Constrained Sensitivity Analysis: An explanation of how the pit-constrained model reacts to different gold prices, revealing the significant long-term growth potential still locked within the system. 2026 Exploration Strategy & Upcoming PEA: Details on the current 70,000-meter drill program, how the budget is allocated between conversion and regional exploration, and how this MRE optimizes the economics for the Preliminary Economic Assessment (PEA) coming in the second half of the year. Strong Financial Position: A summary of the company's balance sheet, which features $70 million in cash.   If you have any follow up questions for Tara please email me at Fleck@kereport.com.    Click here to visit the Banyan Gold website - https://banyangold.com/   ----------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Terry Harbort, President and CEO of Talisker Resources (TSX: TSK) (OTCQX:TSKFF), joins me to review the key metrics and takeaways from the 2026 Mineral Resource Estimate, along with a production and exploration update at the Mustang Mine at their 100% owned Bralorne Gold Project in British Columbia.  We also discuss the ongoing upsized 105,000 meter drill program, focused on the development towards Bralorne West and over into the Olympus Mine.   Highlights of the Bralorne Gold Project MRE:   Combined Measured and Indicated Mineral Resources are estimated at 0.72 Mt at an average grade of 8.91 g/t gold. The MRE includes Measured Mineral Resources of 21,900 oz of gold at an average grade of 10.04 g/t gold and Indicated Mineral Resources of 184,400 oz of gold at an average grade of 8.80 g/t gold. Inferred Mineral Resources are estimated at 11.23 Mt for 3,151,000 oz at an average grade of 8.73 g/t gold. A total of 141 orogenic veins that comprise the Project's vein systems were included in the MRE. The MRE is exclusive of mined out material.   The Company successfully transitioned over to shipping ore to Ocean Partners in Q1, with over 5,000 tonnes currently being crushed for shipping.  To date in 2026 (through May 12, 2026), the Company has sold 2,675 ounces of gold, consisting of 770 ounces of concentrate and 1,905 ounces of Direct Shipping Ore (DSO), derived from 6,990 tonnes of mined material with an average grade of 8.48 g/t. Based on current estimates under the Ore Purchase Agreement, the Company expects estimated net proceeds of approximately $12.7 million, net of applicable deductions and adjustments, including transportation, treatment/refining under the Ore Purchase Agreement, and subject to final settlement.   Terry outlined the areas of ramp-up in production at the Mustang Mine, currently accessing about 6 ore faces at the 1040 and 1030 levels, with the plan to eventually get down to the 1015 and 980 levels later this year. The mining has been coming from the Alhambra Vein, BK Vein, and BK-9870 Vein, with plans to also begin accessing the Brumby Vein in the next couple of months.    Development work is continuing from the main area of the Mustang Mine over towards Bralorne West, with about 150 meters to go to be able to start accessing ore faces over in that part of the deposit.    As operations continue ramping up, expanding up to 500 tpd later this year, that the plan is then to keep developing over to increase mining from more areas including from Bralorne West to increase operations to 750-1,000 tpd about 2 years out.   Then further out the initiative is to put in a second portal into the historic Pioneer mining area to access the Olympus Mine to the southeast of the Mustang Mine, moving throughput up to the eventual target of 1,500 tpd.   Additionally, we explore how the mining process will be further upgraded utilizing ore-sorting technology by Q3 of this year. This ore-sorting will allow for shipping higher-grade material, with less associated waste, making it even more economical to be shipped to Ocean Partners.    On April 21, 2026, Talisker Resources announced that the Company has increased its diamond drill program from 30,000 metres to 105,000 metres. The program will consist of 83,000 metres of resource conversion drilling at the Mustang, Bralorne West and Olympus areas and 22,000 metres of exploration drilling targeting veins at Congress and Pioneer Deeps.  Terry further unpacks the goals of this largest drill program to date at each of these areas and how this will set the company up for its growth initiatives for years to come.     If you have any follow up questions for Terry regarding Talisker Resources, then please email me at Shad@kereport.com.   In full disclosure, Shad is a shareholder of Talisker Resources at the time of this recording, and may choose to buy or sell shares at any time.   Click here to follow the latest news from Talisker 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, and companies profiled may be sponsors of the KE Report.

In this Company Update, I am joined by Roger Moss, President and CEO of Labrador Gold (TSX.V:LAB - OTCQX:NKOSF - FSE:2N6). The discussion centers on the company's recent option to acquire 100% interest in the Mariposa and Eureka Dome Projects in the Yukon's White Gold District. Roger explains the rationale behind this expansion and how it fits into the company's broader hybrid model of exploration and investment. Key Discussion Points: Yukon Asset Acquisition: Roger provides a deep dive into the Mariposa and Eureka Dome projects, detailing why these "unloved" assets in a prolific district were the perfect fit for the company's portfolio. Strategic Hybrid Model: An exploration of Labrador Gold's unique status as a hybrid explorer and investor, including the requirement to deploy $3 million in new investments by September. 2026 Exploration Plans: A look ahead at the upcoming work in the Yukon, including airborne geophysics, LiDAR surveys, and soil sampling designed to refine future drill targets. Portfolio and Cash Position: An update on the Hopedale and Watson projects, alongside a review of the company's balance sheet, which boasts over $15 million in cash.   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 Company Update, I am joined by Simon Dyakowski, President and CEO of Aztec Minerals (TSX.V: AZT / OTCQB: AZZTF), to discuss the latest drill results from the Tombstone Project in Arizona. Simon provides a comprehensive look at how recent step-out holes are expanding known mineralization and balance between RC vs core drilling means for the company's summer exploration program. Key discussion points include: Expanding the Oxide Footprint: An overview of the five recent step-out holes at the northern portion of the Contention Pit that successfully extended the gold-silver oxide zone to the west and at depth. Deep Target Exploration: Insights into the core drilling program targeting deep CRD-style mineralization and large AMT conductive anomalies. Maiden Resource Estimate: How the latest drill data is being integrated into the upcoming resource estimates for both the Tombstone and Cervantes projects. Summer RC Drilling Program: Details on the transition to reverse circulation drilling to efficiently delineate the open-pit potential and further de-risk the project.   Please email me any questions you have for Simon. My email address is Fleck@kereport.com.    Click here to visit the Aztec Minerals website - https://aztecminerals.com/   Figure 1. Plan map showing drill hole collars from the 2025-2026 drill campaign at the Tombstone Property, southeastern Arizona. ----------------------- 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.

Roger Rosmus, Founder, CEO, & Director of Goliath Resources Ltd (TSX-V: GOT) (OTCQX: GOTRF) (FSE: B4IF), joins us for a comprehensive exploration update reviewing the key takeaways from the 2025 exploration season and building towards the upcoming 2026 drill program at the the Surebet Discovery at the Golddigger Property; located in the Golden Triangle, B.C.   We started off reviewing the 64,000 meters (m) and 110 holes drilled in 2025, and the key geological lessons their team has learned at Surebet over the few drill seasons.  The Company is in a strong financial position with a fully funded large 50,000m expansion drill program lined up in 2026, that will be testing the limits of the mineralization, pushing the geological thesis and deposits and their understanding of the multiple types of gold mineralization. This year's program will be mainly focused on expanding their 5 Main Mineralized Zones at the Surebet Discovery. Data compilation and interpretation is underway which will be used to vector in on the indicated Motherlode causative intrusive source to this extensive high grade gold system with widespread VG-NE.   Golddigger Property announced a transaction on March 10th, where it now holds a 100% interest in the property. In addition, Goliath has bought down 1% of the 3% Net Smelter Returns (“NSR”) reducing it to a 2% NSR held by the Optionors.  We also discussed the participation and investment in the B- ALL Syndicate and how this gives Goliath the option to receive 4% of the upside on the success of the syndicate and upside to companies held by it like Juggernaut Exploration (TSXV: JUGR) and Gold Runner Exploration Inc. (CSE: GRUN).   The exploration team will be mobilizing to the Golddigger Project later in the month of May, to begin drilling in June, and the results should start coming back in by July, so there will be a lot of work in the field and news from the company on tap for the balance of 2026.     If you have any questions for Roger about Goliath Resources, then please email them to me at Shad@kereport.com .   In full disclosure, Shad is a shareholder of Goliath Resources at the time of this recording and may choose to buy or sell shares at any time.   Click here to follow the latest news from Goliath Resources   For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned, and companies profiled may be sponsors of the KE Report.

[Recorded on May 14th, 2026]  Dave Cole, CEO of Elemental Royalty Corporation (TSX: ELE) (Nasdaq: ELE), joins me to unpack their news out on May 14th announcing that they have entered into a definitive agreement to acquire all of the issued and outstanding common shares of Vizsla Royalties Corp. (TSX-V: VROY; OTCQX: VROY) by way of a court-approved plan of arrangement.  We also review the Company's Q1 2026 financials and their multiple strategies for continued royalty portfolio grow.   Vizsla Royalties Acquisition Transaction Highlights:   Combination of Vizsla Royalties' silver-gold Panuco royalty with Elemental's high-quality, diversified portfolio creates a platform of cash-flowing and near-term development royalties with long-term growth potential Opportunity to gain exposure to a high-quality royalty over an advanced development project Vizsla Royalties is projected to add approximately 7,500 GEOs[1] per year once in production, providing future revenue uplift as a new cornerstone asset in the Elemental portfolio, and material exposure to silver Life of mine 2.0%-3.5% net smelter returns (“NSR”) royalty, uncapped with no buy-backs or step-downs Substantial exploration upside across a large, under-explored and highly prospective land package Improved trading liquidity and enhanced capital markets profile, further strengthening Elemental as a leading intermediate royalty peer     Q1 2026 Financial Highlights   Record quarterly revenue of US$24.3 million, up 83% over revenue plus attributable share of Caserones in Q1 2025; Gold Equivalent Ounces (“GEOs”) of 4,983 for Q1 2026 (4,606 in Q1 2025), driven by significant contributions from Karlawinda, Bonikro, Timok, and Caserones; Record adjusted EBITDA of US$17.7 million, up 55% over adjusted EBITDA in Q1 2025, reflecting increased operating leverage and portfolio performance; Operating cash flow of US$14.5 million, up 340% over adjusted operating cash flow1 in the comparative period demonstrating strong cash flow conversion; and Cash and cash equivalents as of March 31, 2026of US$69.1 million and working capital of US$92.5 million, demonstrating financial flexibility for growth.   Next, we touched upon some of the key gold and silver cornerstone assets within their royalty portfolio of 18 producing royalties, 30 advanced development assets, and ~200 total mineral royalties globally; diversified across multiple jurisdictions and across precious metals, critical minerals, and battery metals.    Dave points to 4 different approaches to continue to grow future value in Elemental Royalty Corp.  Beyond the organic development growth still on tap within their portfolio of royalties, there is the future upside of their continued royalty generation strategy, the potential for larger future royalty acquisitions and/or royalty financings to create new royalties, and they are always reviewing the potential for accretive M&A opportunities.  The company has plenty of firepower to pursue accretive transactions; with near ~$200Million in combined cash and working capital plus a revolving credit facility, with an accordion feature.   We also discuss the new dividend optionality of being paid in either cash or Tether Gold tokens, (which are backed by physical gold); and the corresponding value of having Tether Investments S.A. de C.V as their key stakeholder.   Dave believes their Company is on the cutting edge of marrying the value of hard assets anchored in commodities and royalty instruments, with the interest from investors in the utility of digital assets.       If you have any follow up questions for Dave or the team at Elemental Royalty Corp, then please email those to me at  Shad@kereport.com.   In full disclosure, Shad is a shareholder of Elemental Royalty Corp at the time of this recording, and may choose to buy or sell shares at any time.   Click to follow the latest news from Elemental Royalty 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, and companies profiled may be sponsors of the KE Report.  

This week's Weekend Show features Josef Schachter and a KER Market QuickTake analyzing the significant price action across energy and metals. The conversation focuses on the "NACHO" trade in oil, the historic prices for copper, why certain mid-tier producers are outperforming the majors and a couple major M&A deals in the gold and silver space.     Segment 1 & 2 - Josef Schachter, founder and editor of the Schachter Energy Report, joins us to analyze the volatility of the oil and natural gas markets amid geopolitical tensions. Josef discusses the potential for parabolic price spikes if the Iranian conflict persists, the shifting dynamics of global energy supply and demand, and specific growth opportunities within the Canadian energy service sector.  Click here to learn more about The Schachter Energy Report - https://schachterenergyreport.ca/ Click here to follow Josef on Substack at his Eye One Energy Report. - https://josefschachter.substack.com/    Segment 3 & 4 - We wrap up the show with a KER Market QuickTake. We share insights on the resource sector, noting a muted sentiment at the recent Metals Investor Forum in Vancouver compared to earlier in the year. We discuss key technical levels for gold, silver and GDX, the breakout in copper prices and outperforming copper stocks, while also analyzing the significance of major M&A activity (Equinox Gold bid for Orla Mining and Elemental Royalty buying Vizsla Royalty). 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.

Tim Shearcroft, CEO and Co-Founder of BP Silver Corp. (TSXV: BPAG), joins me for a review of the fully-funded work programs and pathway to upcoming road construction, channel sampling, MAG Survey, Phase 2 Drilling, IP Survey, and Phase 3 Drilling at the Cosuño Silver Project in Bolivia. We discuss all the levels of exploration data that will collected at each step of all these processes, building upon the successful proof of concept from the initial Phase 1 drill program. The 2026 work program consists of the following key components:   1. Construction of access roads to all principal Cosuño targets.   2. Systematic channel sampling of the principal vein and breccia structures exposed across the property.   3. Completion of a property-wide airborne magnetic ("MAG") survey.   4. A Phase 2 drilling program designed to follow up on the success of the Phase 1 campaign (see news releases dated February 2 and February 27, 2026). The Phase 2 program is budgeted for approximately 2,000 metres of drilling and will focus on: • Testing extensions of high-grade silver intercepts encountered in DH CO-0008 and CO-0009 at Pocañita Chica • Hole # CO-0008 returned 38 m @ 116.39 g/t Ag; including 5 m @ 660.40 g/t Ag; and including 1 m @ 1,655.00 g/t Ag • Hole 3 eCO-0009 returned 58m @ 46.23 g/t Ag; including 6 m @ 147.10 g/t Ag; and including 1 m @ 526.00 g/t Ag. • Initial testing of newly discovered targets by drilling shallow holes ranging from 50 to 100 metres in length. The 1,000-metre-long vein recently discovered at Jalsuri North East is anticipated to be one of these targets. 5. An induced polarization ("IP") geophysical survey over the principal Cosuño targets.   6. Completion of a Phase 3 drilling program. The Phase 3 program will benefit from the integration of geological mapping, channel sampling, MAG and IP geophysical surveys, and prior drilling results.   7. Together, these datasets are expected to improve significantly the Company's understanding of the geometry, continuity, scale, and tenor of the vein and breccia systems across Cosuño. 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, and companies profiled may be sponsors of the KE Report.    

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 breakdown of a volatile week characterized by a sea of red on Friday across equities and metals, contrasted by a significant rally in the US dollar. Key discussion points include: The G2 Summit and Geopolitical Friction: A look at the conflicting reports following the summit regarding Iran and how these tensions are impacting energy markets and market sentiment. Global Bond Market Sell-Off: An analysis of the sharp rise in the US 10-year yield and why international debt instruments, particularly UK Gilts and German Bunds, are seeing similar pressure. US Economic Reacceleration: Why recent data points to a strengthening US economy, causing a dramatic shift in Federal Reserve rate cut expectations for the remainder of the year. The Surge of the US Dollar: Marc explains the technical drivers behind the dollar's recovery and why "US Exceptionalism" is creating a divergence between the greenback and other G10 currencies. Commodity Volatility and Hard Assets: A discussion on the recent record highs in copper and the subsequent reversal, alongside the outlook for gold and silver in an inflationary environment.   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, I am joined by Mike Burke, Director and Vice President of Corporate Development at Sitka Gold (TSX.V: SIG | OTCQB: SITKF | FSE: 1RF). Mike provides a comprehensive breakdown of the May 14th news release regarding the updated Mineral Resource Estimate at the Rhosgobel Gold Deposit within the RC Gold Project. The conversation covers the following key developments: Expanded Mineral Resource Estimate: Mike discusses the official addition of tungsten and silver to the resource at the Rhosgobel deposit, enhancing the overall value of the asset. The Strategic Value of Tungsten: A look at how Sitka Gold's tungsten grade compares to existing mines and the potential for this critical metal to provide non-dilutive funding and government interest. Silver as a Value Add: An overview of the newly defined silver resource and how it contributes to the bulk-tonnage potential of the project. 2026 Exploration Drilling: Details on the massive 60,000-meter drill program currently underway, including progress at the Rhosgobel and Blackjack deposits. Permitting and Infrastructure Advantages: How the inclusion of critical metals might streamline permitting processes and attract federal infrastructure grants.   If you have any follow up questions for the team at Sitka Gold 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 Company Update, we are joined by Dan Rodriguez, Co-Founder and CEO of Mercado Minerals (CSE: MERC). Following the commencement of the 3,000-meter drill program in late March, Mercado Minerals has released the first set of results from their flagship Copalito Project in Sinaloa, Mexico. Dan provides a detailed look at the initial high-grade intercepts and how these results align with the company's broader exploration strategy. Key discussion points include: Initial Drill Results at Copalito: Dan breaks down the first three holes from the 5 Señores vein, highlighting the significant silver and gold grades encountered. Validation of Historic Data: How the recent re-assaying of historical drill holes confirms the reliability of previous work and strengthens the current geological model. Expansion and New Target Generation: Insights into the discovery of new targets as well as the 250-meter extension of the Cinco Señores vein. Strategic Outlook and Financial Position: A look at the company's current cash position and the planned approach for interpreting data before launching future exploration phases.   If you have any follow up questions for Dan please email me at Fleck@kereport.com.    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.

In this Daily Editorial, we are joined by Craig Hemke, Founder and Editor of the TF Metals Report, to dissect the recent volatile price action across the precious metals sector. As silver maintains its footing in a significantly higher price bracket compared to recent years, Craig provides a technical and fundamental outlook on where the floors and ceilings currently sit for the complex. Key discussion points include: Silver's technical range-bound consolidation: Why the current $65–$95 range is providing critical lines of demarcation for investors and what a breakout above $95 would signify for the next leg higher. The gold-silver ratio and gold's sensitivity: An analysis of why gold has remained relatively stagnant compared to silver and how Federal Reserve rate hike expectations are weighing on the yellow metal. Paradigm shifts in historical pricing: A look at why silver's ability to hold above $85 - despite a rallying US Dollar and rising yields - suggests a fundamental change in market dynamics compared to previous cycles. Copper's influence on the silver trade: Exploring the "Dr. Copper" breakout to all-time highs and how industrial demand and supply hoarding in the red metal are providing a tailwind for silver. Macro drivers and negative real rates: Why the long-term thesis remains tied to the inevitability of yield curve control and the return of deeply negative real interest rates.   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.

James Anderson, Chairman & CEO of Guanajuato Silver (TSX.V:GSVR – OTCQX:GSVRF), joins me for a comprehensive update on Q4 2025 financials, year-to-date operations trends, the early partial repayment of their loan to Ocean Partners, the 16,000 meters of underground development work underway, and the key initiatives for their ongoing 75,000 meter drill program at each mine.   Guanajuato Silver produces silver and gold concentrates from the El Cubo Mine Complex, Valenciana Mines Complex, the San Ignacio mine, and their recently acquired Bolanitos Gold-Silver Mine. 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.   Q4 2025 Highlights Mine Operating Income of $4.0M represented a 375% increase over Q3; Working Capital of $14.2M vs $5.4M, represented a 163% increase over the previous quarter. Revenue increased by 40% to $22.7M in Q4 from $16.3M in Q3, 2025. Production during Q4 was 295,836 ounces of silver (an increase of 21% over the previous quarter Grades of Silver and Gold were 37% and 15% higher respectively, showing a continued trajectory toward higher quality ounces. Silver represented 64% of total revenue; with 94% of revenue in Q4 derived from silver and gold sales, Guanajuato Silver remains a genuine precious metals producer with outsized leverage to the silver price. Realized prices were $55.54 for silver and $4,161.94 for gold in Q4. Cash and cash equivalents totaled $41.5M at the end of the quarter   James outlines their ongoing 16,000 meters of underground development work paired with the 75,000-meter drill program, currently utilizing 7 drill rigs and with plans to contract 2 more to augment exploration initiatives. This is largest exploration program the company has ever deployed, with some areas getting the first meaningful resource expansion in many years.     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, and companies profiled may be sponsors of the KE Report.

In this Daily Editorial, we are joined by Joel Elconin, Co-Host of the PreMarket Prep Show and Founder of the Stock Trader Network. Joel shares insights on the market technicals, challenging the "bull market" narrative by highlighting the stark divergence between high-flying tech giants and a struggling retail sector. We dive into the following key topics: The Selective Bull Market: Joel explains why the current rally is far more concentrated than it appears, noting the significant number of S&P 500 stocks hitting new 52-week lows despite record highs in major indices. The Power of Momentum and Algos: A look at how algorithmic trading and "story stocks" are driving valuations like Nvidia and Poet Technologies, often ignoring traditional metrics like P/E ratios. Tech Dominance vs. Retail Weakness: We discuss the breakdown in consumer-facing stocks like Nike and Home Depot, and what this trend signals for the broader health of the American consumer. Contrarian Caution and Inflation: Joel shares his personal outlook on why he remains cautious despite the rally, citing looming concerns over sticky inflation, interest rates, and employment data.   Stocks Mentioned: NVDA, MSFT, AAPL, AMZN, GOOGL, META, TSLA, BRK.A, MU, JPM, NKE, HD, POET, CSCO, INTC, ASML, AVGO.   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/   -------------------- 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 Darch, Chairman and Director, and Ken MacLeod, President and CEO of Sonoro Gold Corp. (TSXV: SGO | OTCQB: SMOFF | FRA: 23SP), both join me to review multiple milestones achieved and catalysts on tap transforming the value proposition for their flagship Cerro Caliche Gold Project, located in Sonoro State of Mexico.     John and Ken both outline the transformation that Sonoro Gold has gone through over the last year, with the updated Mineral Resource Estimate, and resources and Preliminary Economic Assessment (PEA), the very large increase in their overall land package from 1,800 hectares to almost 9,000 hectares in 2 recent acquisition transactions. Thes increased land concessions build Cerro Caliche into a larger-scale gold mining project with multiple major mineralized zones stretching from the Agnico Eagle Santa Gertrudis deposit to the north down all the way to the Highlander Silver Mercedes Mine to the southeast.   Next we got more details and initiatives around the commencement of the 50,000 meter drill program, which just got underway earlier this week.  The focus will be on growing the resources, extending the mine-life, and exploring many of the areas across their new land concessions.   The company is now taking a hybrid approach, growing through exploration across their expanded project footprint, while remaining very constructive on the future development and production set to begin upon receipt of their final MIA environmental permit in Mexico.   Updated PEA Highlights: Base Case Prices of $3,500/oz gold and $48/oz silver Pre-Tax net present value discounted at 8% (“NPV8”)of $360 million Pre-Tax Internal Rate of Return (“IRR”) of 65% After-Tax NPV8”of $224 million After-Tax IRR of 50% Spot Prices of $5,186/oz gold and $88/oz silver Pre-Tax NPV8of $846 million Pre-Tax IRR of 121% After-Tax NPV8”of $525 million After-Tax IRR of 91% Gold recovery of 72% and silver recovery of 27% 10-year LOM with 459 k ounces (“oz”) of gold equivalent (“AuEq”) LOM annual average production of 46 k oz AuEq at 0.38 g/t AuEq Initial CAPEX costs of $83 million, including $11 million in contingency Sustaining capital costs of $26 million AISC of $1,902/oz AuEq Payback period of 1.7 years   If you have questions for either John or  Ken regarding Sonoro Gold, then please email those into to me at Shad@kereport.com.   Click here to follow the latest news on Sonoro 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, and companies profiled may be sponsors of the KE Report.

In this Daily Editorial, we are joined by Jeff Christian, Managing Partner at the CPM Group, for a deep dive into the shifting dynamics of the precious metals markets. As gold and silver navigate wide trading ranges, Jeff provides a strategic outlook on price action, investment demand, and the fundamental drivers shaping the rest of the year. Key topics discussed in this episode include: Summer Consolidation and Plateaus: A look at why gold and silver are likely to trade sideways in a volatile fashion through August before a potential breakout in late Q3. Silver's Outperformance: Analysis of silver's recent move above key technical resistance levels and why it is currently leading the pack. The Shift from Futures to ETFs: Why institutional and retail investors are moving away from the futures market in favor of ETFs due to regulatory hurdles and ease of access. Platinum's Multi-Year Bull Case: An overview of why the shift toward hybrid vehicles and supply constraints in South Africa could drive platinum prices higher through 2030. Gold as the Counter-Cyclical Hedge: Understanding gold's role as the premier "risk-off" asset and how a potential cooling in equity markets could trigger the next leg up.   Click here to visit the CPM Group website to learn more about the firm - https://cpmgroup.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 Steve Grey, President and CEO of Fox Tungsten (TSX.V: FOXT | OTC: HPYCF). Steve discusses the company's flagship Fox Tungsten Project, in British Columbia, which currently hosts a high-grade tungsten resource. Following a rebranding and fresh capital injection, the company is moving into a summer drilling season aimed at significantly expanding its resource base. Key Discussion Points: World-Class Resource Grade: Steve explains the significance of their 1% tungsten grade. Infrastructure and Accessibility: An overview of the project's location near 100 Mile House, featuring year-round road access and proximity to existing power lines. Summer Drill Program: Details on the upcoming 20,000-meter drill campaign designed to double the historical drilling and fill the gaps between known mineralized zones. Resource and Economics: A look at the company's timeline for a resource update and Preliminary Economic Assessment (PEA) targeted for early 2027. Management and Financial Position: Steve shares his background with Rio Tinto and Kinross Gold, alongside the company's $15 million cash position.   Click here to visit the Fox Tungsten website to learn more about the company and project - https://foxtungsten.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 Caleb Stroup, President and CEO of Headwater Gold (CSE: HWG | OTCQX: HWAUF). Following a busy period of exploration, Caleb provides a comprehensive update on the company's recent activities across its Nevada-focused gold portfolio, highlighting the start of new drill programs and the progress of strategic partnerships.   Key Discussion Points: Jake Creek Drill Program: Caleb discusses the commencement of an 8 to 10 hole drill program at the Jake Creek project, a partnership with OceanaGold aimed at following up on historic high-grade intercepts. Lodestar Project Update: An overview of the recent scout drilling results at the Lodestar project in partnership with Newmont, specifically focusing on the newly discovered Meridian alteration zone. Upcoming IP Geophysics at Lodestar: Details on the planned Induced Polarization (IP) survey designed to further define the high-sulfide alteration zones at depth before the next phase of drilling. Strategic Land Expansion: Caleb explains the rationale behind the recent staking of additional claims to the north of Jake Creek to capture the full extent of the prospective mineralized trends.   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, I sit down with Charles Funk, President and CEO of Heliostar Metals (TSX.V: HSTR | OTCQX: HSTXF), to focus on the Q1 2026 earnings released yesterday. Charles provides a deep dive into the company's operations, record gold production, and the roadmap for its flagship Ana Paula project. Key Discussion Points: Record-Breaking Q1 Financials: An overview of the record gold production and mine operating earnings reported on May 12. Growth at San Agustin and La Colorada: A breakdown of how restarting production and implementing innovative leaching techniques have driven down costs while increasing output. The High-Grade Opportunity at Ana Paula: Discussion on the latest drill results and the management reorganization designed to fast-track this project toward becoming a major Mexican gold mine. Strategic Acquisition of Goldstrike: Insight into how the recent Goldstrike acquisition fits into the broader portfolio and the company's dual pathway for monetizing or developing this asset. Financial Position and Growth Outlook: A look at Heliostar's robust working capital and how the company is balancing aggressive exploration with cash preservation.   Please email me at Fleck@kereport.com with any follow up questions for the team at Heliostar Metals.    Click here to visit the Heliostar Metals website to learn more about the Company - https://www.heliostarmetals.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.

[We had some technical challenges with Dave's audio, and cleaned it up as good as possible, but felt the content was so relevant that it was important to get it out to KER listeners]    In this Daily Editorial, we are joined by Dave Erfle, Founder and Editor of Junior Miner Junky, to discuss some fundamental and technical investing insights around the recent pop higher in the precious metals sector.   Gold, silver, and the PM stocks have been moving up the last 2 weeks, and copper has been trading up at all-time highs the last few trading sessions.   Dave reviews the macroeconomic factors moving the larger markets but balances out the longer-range trends with some more near-term technical levels he is watching.  He also provides some fundamental insights into some of the stocks held in the JMJ portfolio, and how he is managing this current environment.    Key discussion points include:   Macro Market Movers and Geopolitics: He discusses the soaring oil and gas prices and global food scarcity due to the war in the Middle East and continued closure of the Strait of Hormuz as factors creating uncertainty in the markets. However, Dave points out that none of the fundamental drivers behind gold's ascent have changed, from sovereign debt to central bank buying, and lack of open interest in the COT. Technical Outlook on Gold and Silver:  The precious metals have been stuck in rangebound trading and a consolidation for the last 7 weeks, and he feels it would be healthy to see things consolidate a bit longer, to build the energy to really move higher.  Dave would like to see gold break out above $4,900 and for silver to break decisively above $90 to get more confident that this consolidation phase has run its course. The Gold Miners Bullish Percentage Index: Dave has pointed out the last few weeks that when the (BPGDM) got down to an 11 reading in late April that this demonstrated how oversold the gold miners were getting, and so a rally higher seemed quite probable.  Now that this has played out, he is looking for more traction and technical confirmation signals in the mining stocks. Key Moving Averages for GDX and GDXJ: The key technical level Dave is watching on the precious metals ETF charts is the 18-week moving average; which has recently acted as overhead resistance.  Pricing in GDX, GDXJ, SIL, SILJ have just recently moved above this level, but his preference would be to see pricing come down to test it the 18-week SMA as support that holds to signal that the next leg higher is on stronger footing. Precious Metals Stocks Breaking Out Of March Consolidation Patterns: Dave points to precious metals stocks that have had strong fundamental newsflow as seeing corresponding outperformance, based on their company catalysts. He flagged the strong performance over the last couple months coming out of the March consolidations in JMJ portfolio stocks like AbraSilver Resource Corp. (TSX: ABRA) (OTCQX: ABBRF), Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF), Maple Gold Mines Ltd. (TSXV: MGM) (OTCQX: MGMLF), Thesis Gold & Silver Inc. (TSXV: TAU) (OTCQX: THSGF). Bull Market Playbook and Portfolio Strategies: Dave outlines his systematic rules-based approach to trimming partial positions in portfolio positions that have moved up multiplefold to redeploy those gains into new positions; flagging the rebalancing approach in Montage Gold Corp. (TSX: MAU, OTCQX: MAUTF) as an example. Direct and Indirect Copper Exposure:  Dave has indirect exposure to copper exploration in some of the aforementioned precious metals companies like AbraSilver Resource and Thesis Gold & Silver, but also pointed out the big win he and his subscribers just realized in direct copper exploration success through Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF); which is currently being acquired by Hudbay Minerals Inc. (TSX: HBM, NYSE: HBM).   He is monitoring a few copper developer names on his watchlist for accretive entry points which he will communicate with his subscribers.   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. 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, and companies profiled may be sponsors of the KE Report.

Jordan Rusche, Founder of Mining Stock Monkey, joins us for an in-depth and nuanced discussion around key metrics and trends in Q1 earnings reports from the gold and silver producers and PM royalty companies; along with which companies he is actively trading in his portfolio.    We start out getting Jordan's perspectives from this Q1 earnings season in the PM producers, touching upon initiatives around paying down debt, share buybacks, and dividends.  We counterbalance those trends with how companies are also investing in growth through mergers and acquisitions. We discuss some general takeaways in the earnings reports from how the majors are managing increasing costs from higher fuel costs to labor to sustaining capital in Newmont Corporation (NYSE: NEM, ASX: NEM, PNGX: NEM), Barrick Mining Corporation (NYSE:B)(TSX:ABX), and Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) . We check in on the positive market reaction in the Q1 report from B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G), but Jordan also couches the enthusiasm with the fundamental factors pointing to the potential for rising AISC figures for the balance of this year. Jordan breaks down why Agnico Eagle paid a premium for Rupert Resources Ltd (TSX: RUP) (OTCQX: RUPRF) (FSE:R05), in the recent acquisition of their project in Finland. Next we shifted over to the record revenues witnessed in Q1 earnings reports from the royalty and streaming companies.  While revenues are up in a big way, that is not typically been from growing gold equivalent ounces (GEOs).  Jordan highlights the longer-term investing thesis required to realize the growth potential in production metrics in a company like Royal Gold, Inc. (NASDAQ: RGLD). Sticking with royalty companies, Jordan highlights the strong copper exposure and future growth on tap across multiple commodities in Elemental Royalty Corporation (TSXV: ELE) (NASDAQ: ELE).      Get 25% off Mining Stock Monkey VIP. {Limited to 10 sign ups}: https://miningstockmonkey.com/products/vip?promo=KE25MAY     Sign up for Jordan's free “Silverback Letter” here: https://miningstockmonkey.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. 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, and companies profiled may be sponsors of the KE Report.

Terry Lynch, CEO of Power Metallic Mines (TSX.V: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV), joins me for another exploration update catching us up on multiple news releases from the Lion Zone as part of their fully funded 100,000-meter drill program at the polymetallic NISK Project in Quebec.  We also discuss all the pending results still at the assay lab, other key regional exploration targets of interest for 2026 drilling, and the various technology being deployed behind their drill targeting.   Additional drill holes continued to add and refine the high-grade Lion Zone ahead of the 2026 Mineral Resource Estimate (MRE). The infill drill holes in this release cover approximately 560 m down plunge extent from the core of the Lion Zone (PML-26-095) to central southwestern Lion area (PML-26-069) (Figure 1). These holes highlight both the robust near surface mineralization as well as returning the deepest high-grade intercept at Lion. These holes will be incorporated into future mineral resource estimates and highlight the potential for open pit development.   Drill hole PML-26-095 which intersected the interpreted core of the Lion Zone with wide intersections of high-grade copper near surface with 22.00 m @ 11.46% CuEqRec including 6.50 m @ 18.59% CuEqRec and including 4.00 m @18.62% CuEqRec   Drill hole PML-26-094 which intersected the interpreted core of the Lion Zone and adds further support to wide intersections of high-grade copper near surface with 17.45 m @ 9.47% CuEqRec1 including 6.30 m @ 17.91% CuEqRec.   Drill hole PML-26-101 tested the zone approximately 100 m east of PML-26-094 at a slightly deeper vertical depth and contained high grade over a very wide intersection with 39.00 m @ 5.66% CuEqRec1 including 9.20 m @ 15.18% CuEqRec1.   The exploration team will be back to drilling again in June with six-rig drill program focused on expanding the mineralized around the Lion Zone both stepping out looking for other broad mineralized zones, and also testing the depth testing the potential “Elephant Zone,” at the Tiger Deep Zone and  at Lion West. Additionally, new polymetallic targets are being tested in fan holes at the Hydro Fold-Hinge Zone, which will utilize borehole EM technology.  There will also be the utilization of Muon tomography interpreting cosmic rays through rock density to focus on broad mineralized potential in the 5km corridor and “Gap Area” between Lion and NISK Main.    There are still about 7,000 meters of core being processed at the lab, from 30 holes drilled, with a steady string of drill results coming back in over the next few months. All the drilling data through April will be added to prior results into a new Mineral Resource Estimate update due out in July. Then 30,000+ additional meters that will be drilled throughout 2026, starting up again in June There will be initial economics around the project released in a PEA targeted by year-end in December.      If you have any questions for Terry regarding Power Metallic Mines, then please email them into me at Shad@kereport.com.   * In full disclosure, Shad is a shareholder of Power Metallic Mines at the time of this recording, and may choose to buy or sell shares at any time.     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, and companies profiled may be sponsors of the KE Report.

In this Company Update, we are joined by Bob Archer, President and CEO of Pinnacle Silver & Gold (TSX.V: PINN | OTCQB: PSGCF | FSE: P9J). Bob provides an in-depth look at the drill program at the El Potrero Project, and the company's roadmap toward small-scale production. Discussion Highlights: Underground Drilling Launch: Exploration has officially begun at the Pinos Cuates mine, the first of three historic mines to be tested.  Expansion Across Three Historic Mines: While drilling starts at Pinos Cuates, work is already underway to prepare the Dos de Mayo and La Dura mines. Surface Drilling Strategy: Following the underground program, the team will transition to surface drilling. This phase is designed to test the gaps between historic workings and explore along strike, potentially expanding the project's overall footprint. Low-CAPEX Path to Production: With an estimated restart cost of less than $5 million USD, Pinnacle is eyeing a move into production by the end of 2027. Bob details the non-dilutive financing strategy. The "Great Panther Playbook": Drawing on his successful history in the region, Bob discusses how his team is replicating a proven business model - starting small, generating cash flow, and growing organically through discovery and acquisition.   Please email me with any follow up questions you have for Bob - Fleck@kereport.com.   Click here to visit the Pinnacle Silver and Gold website to learn more about the company and read over the recent news    ------------------------ For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

This week's episode explores a significant rebound across precious metals and copper following a volatile spring. We sit down with Brien Lundin to discuss why geopolitical resolutions in the Middle East might be the spark the mining sector needs, followed by a deep dive into technical market trends with Dana Lyons to determine if US equities and Bitcoin are ready for their next leg higher.  Segment 1 & 2 - Brien Lundin, editor of the Gold Newsletter and host of the New Orleans Investment Conference, discusses the recent rebound in precious metals and mining equities driven by potential resolutions in Middle East conflicts. He highlights the significant upside in undervalued junior miners and explains how current high metal prices are allowing smaller-scale projects to become highly profitable, cash-flowing assets.  Click here to learn more about the Gold Newsletter. - https://goldnewsletter.com/   Segment 3 & 4 - Dana Lyons, a fund manager and editor of the Lyons Share Pro website, shares insights on the strength of several different market sectors through the lens of his internal data models. He shares his outlook for gold and silver as they continue to experience a period of digestion and range-bound trading, but notes that copper and oil services have performed well recently and show potential for continued growth. Dana also mentions a bullish outlook for US equities and small caps but warns this might be a late stage of the market cycle. Additionally, he touches on a short-term trend for cryptocurrencies and strong performance in certain emerging and international markets. Click here to visit the Lyons Share Pro website and learn more about Dana's investment services - https://lyonssharepro.com/   If you enjoy the show, be sure to subscribe to our podcast feed (KER Podcast), YouTube channel, and follow us on X for more market commentary and company interviews. Don't forget to subscribe and leave us a review!   For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/   Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Daily Editorial, I am joined by Marc Chandler, Managing Partner at Bannockburn Global Forex and Editor of the Marc to Market blog. Marc provides a comprehensive breakdown of recent global economics data, central bank policies, and market trends. Key discussion points include: US Economic Bifurcation: A look at why the US economy is showing robust jobs data and high growth tracking while consumer sentiment plunges to record lows. The Geopolitical Risk Premium: Assessing the impact of the US-Iran war on oil prices and whether markets are prematurely pricing in an end to the conflict. International Divergence: Marc analyzes the "insult to injury" data coming out of Germany and the suspicious timing of the Bank of Japan's recent currency interventions. The Global AI Buildout: Why the semiconductor and data center surge is fueling unprecedented weekly gains in Asian equity markets like the KOSPI and TAIEX. Emerging Market Spotlight: An exploration of why Vietnam is positioned to be a major winner as global supply chains shift away from China.   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.

John Miniotis, President and CEO of AbraSilver Resource Corp (TSX: ABRA) (OTCQX: ABBRF), joins me to review the news out May 6th, announcing the updated Mineral Resource estimate (“MRE”) on the Company's wholly owned Diablillos property in Argentina. We also discuss the news out April 27, 2026 which announced that AbraSilver has received approval of the Environmental Impact Assessment (EIA)  {“Declaración de Impacto Ambiental” or “DIA”} from the Government of Salta Province in Argentina.   The updated MRE demonstrates significant growth across the Project, with Measured & Indicated (“M&I”) resources now totaling 232 million tonnes (“Mt”), containing approximately 248 million ounces (“Moz”) of silver and 2.54 Moz of gold (454 Moz silver-equivalent “AgEq”). The contained metal in M&I has increased by a substantial 25% for silver, 48% for gold and 30% for silver-equivalent since the prior mineral resource estimate (the “Prior MRE”) from July 2025.   The updated MRE incorporates approximately 13,270 metres (“m”) of additional drilling completed since the Prior MRE, bringing the total drilling database at Diablillos to over 170,000 m. The estimate includes mineralization amenable to tank or heap leach processing routes and reflects continued growth across all five deposits at Diablillos - Oculto, JAC, Fantasma, Laderas and Sombra.   We also discussed the upcoming catalysts of the updated, Definitive Feasibility Study (“DFS”), due out here in Q2, followed by a construction decision, and then a string of results to come from the ongoing Phase 6 Exploration Program for the balance of 2026.   At Oculto East, the first drill holes of the Phase VI campaign have further demonstrated the scale and continuity of the overall mineralized system. Follow-up drilling is underway as part of an extensive program to expand and define gold-silver mineralization several hundred metres east of the open pit margin. There will also be the ongoing Phase 6 exploration program expanding the deposit size and resources for the balance of the year, mostly at Oculto East and Oculto NorthEast, but with some holes at JAC, Cerro Viejo, and now other follow-up targets at Condoryacu.      If you have any follow up questions for John regarding at AbraSilver, then please email them into me at Shad@kereport.com.   In full disclosure, Shad is a shareholder of AbraSilver Resource Corp at the time of this recording and may choose to buy or sell more shares at any time.   Click here to visit the AbraSilver website and read over the most recent news releases.     For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned, and companies profiled may be sponsors of the KE Report.

Sean Brodrick, Editor of Wealth Megatrends, Supercycle Investor, Resource Trader, and contributing analyst to Weiss Ratings Daily, joins us to review how he is trading these volatile markets on the back of Middle East geopolitics, and where a few trends have reversed this first full week of May. We've witnessed oil and critical minerals turn down the middle to end of this week after running hard the last couple months. Conversely, we've seen a positive upswing in gold, silver, copper prices, and their related mining stocks; after having been under pressure the last couple months.   With regards to the critical minerals stocks, he narrows down this wide range of minerals to a focus on finding exposure to the rare earths used in high-strength permanent magnets like Neodymium and Praseodymium, and the heavy rare earths used in defense and thermal resistance like dysprosium and advanced technology and energy efficiency like terbium. We also discussed the big runs over the last year in defense metals like antimony and tungsten, and the uptick we've seen in lithium prices.   In particular, Sean is curious what will happen to the Chinese export controls on rare earther that were eased last November for a year, that are set to expire this November. We review how that is leverage that China may use once again, that could factor into future global trade policies.  He noted that most nations do recognize they need to break their dependence with China on a number of these critical minerals, as it relates to both mining and their processing and refining. Some select resource and processing companies will still benefit from future government funds and policy initiatives like pricing floors in some critical minerals to support these their development industry, infrastructure, and defense. He views moments like these, where the critical minerals are finally pulling back a bit, as opportunities where investors that missed a stock on the way up, now get another opportunity to accumulate into these pullbacks.   Sean is encouraged by the move back higher in the precious metals sector this week and remains bullish on gold and silver for the medium-term to longer-term, because all the broader fundamental macroeconomic challenges and geopolitical factors are still in place and haven't really been solved. He outlines that some of the selling pressure in gold the last couple months has been from central banks in the Middle East that have had their oil exports hampered, and thus have been selling gold to counter losses in energy revenues. That selling pressure in gold will subside when and if a resolution is reached with regards to the Strait of Hormuz. We also discuss some of the recent pops in gold and silver producers as they have reported solid Q1 earnings, and yet the irony of them trading below where they were previously at lower margins and earnings. We debate whether strong economic numbers in the gold and silver stocks will bring in more generalists, and how many investors outside of resource focused investors are actually tuned into the financial strength of the PM producers, much less actually hold some of these stocks in their portfolios.   We wrap up discussing the ever-shifting narratives on the Middle East war, and the longer-term implications for oil prices. Sean believes oil prices will remain more elevated than they were averaging prior to this Middle East conflict, and doesn't see them going back down to where they were previously. He points to the sheer amount of infrastructure and business damage inflicted to the energy sector in the Middle East, and highlights that it will take some time and be a much longer process than the more optimistic outlook that the market is factoring in at present.   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, and companies profiled may be sponsors of the KE Report.

Dustin Perry, Founder and CEO of Kingfisher Metals Corp. (TSXV:KFR) (OTCQB:KGFMF) (FSE:970), joins us to outline the upcoming 15,000 Metres drill program in a three-pronged approach to various copper-gold targets in the Hank-Mary district of the Hwy 37 Project, in the Golden Triangle, British Columbia.   Diamond Drilling – 15,000 Metres (Three-Pronged Approach) The 2026 drilling program is fully-funded and will be supported by three diamond drills, targeting three spatially distinct regions at the Hank-Mary District:   Hank Porphyry Cu-Au Discovery – Expansion and Delineation The Hank porphyry Cu-Au discovery represents a well-defined, large-scale copper-gold target supported by multiple converging lines of geological and geophysical evidence:   Discovery hole HW-25-011: 425 m at 0.15% Cu, 0.21 g/t Au and 2.2 g/t Ag (0.40% CuEq)¹,² is a broad and high-quality intercept affirming system scale despite intersecting flanking alteration. Kilometre-scale geophysical anomalies: IP geophysics, magnetics, and magnetotellurics (MMT) anomalies all converging on the same broad target³. Compelling emplacement timing: Porphyry mineralization at Hank, Williams & Mary (~190–186 Ma) overlaps in time with the nearby Mitchell deposit (~196–189 Ma)⁴  the largest undeveloped Cu-Au deposit in Canada.   Hank Au Targets – Bulk Tonnage Gold Targets   At-surface bulk-tonnage gold targets proximal to the Hank Porphyry Target offer significant opportunities for expansion with untested wide-spaced gaps (up to 500 m) between historical drill holes despite evidence of strong gold endowment in historical drilling.  Historical results include: 55.8 m of 1.38 g/t Au (DDH84-4) 42.0 m of 2.52 g/t Au (DDH85-32) 63.0 m of 1.86 g/t Au (DDH85-45) Several historical holes terminate in mineralization including DDH88-16 with 74 m of 0.43 g/t Au including 0.92 g/t in the last assay.   Structural High-Grade Au Targets Updated LiDAR, geological interpretation, and 3D modelling are being used to identify higher-grade structural gold zones. Previous workers explored with a single NW-SE azimuth to drill holes, this created a strong bias on ore geometry. New interpretations indicate multiple and complex structural patterns would have been poorly tested by previous holes. Revised interpretations will test projections of identified structures and ore shoot concepts as well. Historical intercepts demonstrate the high-grade and structural-hosted potential of the system: 0.8 m of 133.3 g/t Au and 263.0 g/t Ag (HNK-17-008) 24.8 m of 5.6 g/t Au and 45.9 g/t Ag (HNK-17-009) 20.0 m of 11.63 g/t Au and 13.8 g/t Ag (HNK-18-010)    New Discovery Drilling – Turquoise, Rainbow, & Regional Porphyry Targets   Beyond the Hank Porphyry Target, the Company will conduct first-pass discovery drilling at the Turquoise and Rainbow targets, along with additional regional prospects. This initiative is focused on identifying large-tonnage porphyry systems across the full breadth of the Company's multi-district-scale land package — providing multiple opportunities for new discovery.   If you have questions for Dustin regarding Kingfisher Metals, then please email us at either Fleck@kereport.com or Shad@kereport.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. 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, and companies profiled may be sponsors of the KE Report.

In this Company Update, I chat with Patrick Highsmith, Chairman and Co-Founder of Firefox Gold (TSXV: FFOX | OTCQB: FFOXF | FSE: FIY), to discuss the latest assay results from the Mustajärvi Project in Finland. This interview breaks down the recently reported drill holes from the 2025 and 2026 programs, highlighting the expansion of known gold zones and the testing of new exploration targets. Key discussion points include: Expanding the Northeast Zone: Patrick details the significance of hole 26MJ005, which returned a high-grade intercept (11.0 metres at 4.9 g/t gold) and suggests the zone is growing into a more substantial mineralized body at depth. Exploring the "Gap Zone": The team is now targeting the undrilled area between the East and Northeast zones. Regional Exploration Progress: An overview of the 2025 drill holes from the West and Gabbro targets. 2026 Resource Estimate Strategy: Insights into the upcoming work program, including the potential addition of a second drill rig to accelerate the path toward a maiden mineral resource estimate later this year.   Any further questions for Patrick? Email me at Fleck@kereport.com.   Click here to visit the FireFox Gold website to learn more about the Company.  https://www.firefoxgold.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 Garrett Ainsworth, President and CEO of District Metals (TSXV: DMX | OTCQB: DMXCF | Nasdaq First North: DMX). Garrett the company's recent $10million financing and the recent announcement regarding the Geological Survey of Sweden (SGU) designating the Häggån Alum Shale Deposit as a Deposit of National Interest. Key Discussion Points: Strategic $10M Financing: Garrett explains the decision to raise capital now, despite a strong treasury, and how this "no-warrant" financing protects the company against market volatility. National Interest Designations: A look at the Geological Survey of Sweden's (SGU) proposal to designate the neighboring Häggån deposit as a "Deposit of National Interest" and what this potentially means for District's Viken property. Upcoming Milestones at Viken: An overview of the upcoming Preliminary Economic Assessment (PEA) and Economic Impact Study, alongside plans for summer drill programs and airborne surveys across their Alum Shale and polymetallic properties.   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 Company Update, we are joined by Greg McCunn, President and CEO of Great Pacific Gold (TSX.V: GPAC | OTCQX: GPGCF), to discuss the latest exploration developments at the Wild Dog property in Papua New Guinea. Following the release of results from Hole 5, Greg provides essential context on the geological structures being uncovered and what the upcoming drill program signals for the Kavasuki area and beyond. Key Discussion Points: Analysis of Hole 5 Results: An exploration of the recent drill data and how the identified lower-grade halo relates to the high-grade hits seen in previous holes. Identifying the Fault Offset: Understanding the geological fault that has shifted the mineralized structure and how the company is using Hole 6 and Hole 7 to track the high-grade core. The Kavasuki Expansion Plan: Details on the further 900 meters of drilling designed to test the strike length and depth of the Kavasuki system. High-Priority Regional Targets: A look ahead at upcoming work on the Morgan, Mangmut, and Magiabie veins as part of the broader Wild Dog corridor strategy. Projected Exploration Timeline: Greg outlines the drilling schedule for the remainder of 2026, including the status of the blue-sky potential at Kasie Ridge.   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 Company Update, we sit down with Caleb Stroup, President and CEO of Headwater Gold (CSE: HWG | OTCQX: HWAUF), to discuss the latest exploration milestones from their Nevada portfolio. The conversation focuses on the high-grade results coming out of the TJ Project and the company's strategy for scaling its district-scale assets. Interview Highlights High-Grade Gold at TJ: Caleb breaks down the significance of hitting the highest gold grades encountered to date at the TJ Project and what the increasing vein widths at depth suggest about the system. Strategic Land Expansion: Following the success of the first drill program, the company has increased its land position by 88% to capture the full potential of the epithermal system. New Acquisition at Jupiter: An overview of the newly staked Jupiter Project in the Walker Lane belt, featuring a massive five-by-eight kilometer alteration footprint. The Hybrid Exploration Model: Insight into how Headwater manages a dozen high-quality projects, balancing 100%-owned assets with major earn-in agreements funded by industry giants like OceanaGold and Newmont. Future Catalyst Pipeline: A look ahead at the upcoming geophysical surveys and drilling plans designed to refine targets across their newly expanded Nevada footprint.   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, I sit down with Vincent Metcalf, CEO of Pecoy Copper (TSX.V: PCU | OTCQB: PCUUF), to discuss the company's aggressive 2026 exploration strategy in Southern Peru. With a massive 40,000 meter drill program underway, Vincent outlines how Pecoy is consolidating historical data to transform two separate assets into a world-class copper district. Key discussion points: District Consolidation and Strategic Vision: How Pecoy successfully unified a fractured land package for the first time in 15 years to unlock the full potential of the Pecoy and Tororume projects. 35,000-Meter Drill Campaign At Pecoy: An overview of the current exploration at the Pecoy deposit, aimed at testing deep sulfide potential and converting historical "waste" zones into high-grade resources. The Tororume Discovery Potential: This earlier stage asset, located just 8km from Pecoy, shows a geological footprint three times larger than its neighbor. Infrastructure and Logistics Advantages: A look at the project's location, featuring low elevation, proximity to major ports, and year-round access that significantly lowers operational costs. Strong Capital Position and Market Support: Vincent details the company's healthy cash balance and the growing list of major institutional analysts now covering the stock.   Please email me with any follow up questions for Vincent. My email address is Fleck@kereport.com   Click here to visit the Pecoy Copper website - https://www.pecoycopper.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.

Alex Langer, President and CEO of Sierra Madre Gold And Silver (TSXV: SM) (OTCQX: SMDRF), joins me to provide an operations and financial update La Guitarra silver-gold mine complex in Mexico, which includes 3 producing mines:  La Guitarra, Coloso, and Nazareno.   We also discuss the increase to 30,000 meters of drilling across the La Guitarra property, and an increase to 50,000 meters of drilling at the Del Toro property starting once the transaction closes in the near future; for a total of 80,000 meters of drilling on tap across all properties.   Full Year 2025 Highlights   Revenues: Gross silver revenues for 2025 totaled $10.68 million ($39.37 per ounce) and gross gold revenues totaled $13.77 million ($3,407 per ounce). Sales: During 2025, the Company sold 271,204 ounces of silver ("Ag") and 4,041 ounces of gold ("Au") or 628,196 silver equivalent ("AgEq") ounces, based on the ratio of Au and Ag prices realized for each shipment in the year. Cash Costs: For 2025, cash costs were $27.90 per AgEq ounce sold Net Income: Net income was $8.13 million or $0.05 per share for 2025. Included in net income for 2025 is a $6.1 million income tax recovery. Cash from Operations: The Company generated $4.09 million of cash from operating activities in 2025. Adjusted EBITDA increased to $6.03 million for 2025 Cash and cash equivalents and short-term investments at December 31, 2025 totalled $17.3 million. Del Toro Acquisition and Financing: In December 2025, the Company announced its intention to acquire the Del Toro silver mine from First Majestic Silver Corp. and complete a concurrent financing, which subsequently closed in escrow for gross proceeds of CAD$57.5 million. La Guitarra Expansion: As announced on September 8, 2025, the Company has initiated a plan to expand production capacity at Guitarra in a two-phase program, with the first phase anticipated for completion by the end of Q2 2026, with the aim to increase name plate capacity from 500 tonnes per day ("tpd") to a range of 750 tpd - 800 tpd and the second phase anticipated for completion by Q3 2027, with the aim of increasing the capacity to a range of 1,200 tpd - 1,500 tpd at La Guitarra. Closed C$19.5M Private Placement: In July 2025, the Company closed a C$19.5 million brokered private placement. The key participants in the financing were Franklin Templeton, Eric Sprott and Commodity Capital, with strong participation by the management of the Company. First Majestic Loan Payment: On February 5, 2026, the Company made a principal payment of $2.5 million on the $5 million senior secured project financing loan with First Majestic. Sierra Madre Named as a 2026 Top 50 Company by the TSX Venture Exchange: As announced on February 18, 2026, Sierra Madre was named a 2026 TSX Venture Top 50 Company, recognized for its 264% share price appreciation and 342% market cap growth in 2025.   The first stage of the expansion currently underway 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 have been underway and are mostly installed.  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; essentially doubling production capacity once again.   Beyond the production growth, we also focus on the substantial exploration programs planned for the 2nd half of this year both district-scale land packages.   There are 30,000 meters of drilling planned at the La Guitarra complex; and 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. After the acquisition transaction closes on the Del Toro Silver Mine complex in the Chalchihuites District in Mexico from First Majestic Silver Corp., then there is a 50,000 meter drill program on tap. The goal of this program will be testing a number of high-priority targets and growing existing resources to extend the mine life for when a restart decision is made on these 3 mines and the 3,000 tpd plant.       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, and companies profiled may be sponsors of the KE Report.  

In this KE Report Company Update, I am joined by Mike Spreadborough, the Executive Co-Chairman of Novo Resources (TSX: NVO; ASX: NVO; OTCQX: NSRF), for an in-depth exploration update. Mike provides a detailed overview of the company's diverse portfolio, highlighting the strategic shifts and new leadership driving their upcoming exploration programs. Key Discussion Points: New Leadership in Exploration: Introducing Rohan Williams, the recently appointed General Manager of Exploration, and his extensive background in the gold and copper sectors. The Pilbara Exploration Strategy: A focus on the high-priority programs scheduled for the second quarter, totalling 10,500 meters of drilling. Wyloo Project Highlights: An overview of the initial 2,500 meter RC drilling program, targeting significant surface anomalies of silver, copper, and gold. Expansion Across Projects: Insights into the planned drilling activities at the Cronus, and Balla Balla, including the long-term outlook for these sites. Victorian and New South Wales Ventures: Updates on the Belltopper project in Victoria and the Tibooburra project in New South Wales.   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 from the KE Report, we welcome Howard Klein and Matt Fernley, partners at RK Equity, for an in-depth conversation about the rapidly shifting landscape of critical minerals. The discussion focuses on the strategic importance of various minerals, the influence of international policy, specifically from the U.S. and China, and the importance of technical processing in the valuation of equity. Key Discussion Points: The Evolution of RK Equity: An overview of the firm's 24-year history, starting with traditional commodities like gold and copper before becoming early leaders in the lithium and battery material sectors. Emerging Critical Minerals: Insights into why the market is expanding beyond lithium to include essential high-tech and defense metals such as antimony, rare earths, and high-purity phosphate. The High-Tech Supercycle: Exploration of how underinvestment in minor metals, combined with the rising demands of AI, data centers, and grid infrastructure, is fueling a potential long-term secular trend. Geopolitics and Policy Shifts: Analysis of how U.S. legislative actions like the Inflation Reduction Act (IRA) and shifting relations with China are fundamentally altering global mineral supply chains. Investment Strategy and Risk: Expert advice on evaluating mining stocks at various stages of development, with a focus on management quality, resource grade, and the complexities of mineral processing.   Click the following links to keep up to speed with Howard and Matt:  RK Equity website - https://rkequity.com/  Rock Stock YouTube channel - https://www.youtube.com/watch?v=UchoS9EZvak  Howard Klein on X @LithiumIonBull - https://x.com/LithiumIonBull Matt Fernley on X  @matt_fernley - https://x.com/matt_fernley    -------------------- 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 I sit down with Martin Turenne, President and CEO of FPX Nickel  (TSX-V: FPX - OTCQB: FPOCF), to discuss the BC government's designation of the Baptiste Nickel Project as a Major Priority Project. Located in central British Columbia, Baptiste is one of the world's largest undeveloped nickel deposits.  Interview Highlights Strategic Priority Designation: Discover the significance of the BC government identifying the Baptiste Project as a Major Priority Project and what this means for the environmental assessment (EA) process. Streamlined Permitting Timelines: Learn how the Critical Minerals Office is working to shorten the typical 5-year permitting window, aiming for a more efficient four-year path to the Final Investment Decision (FID). Confidence from Strategic Investors: Insights into why major mining players, including the likes of Sumitomo Metal Mining, Stelco, and Outokumpu, are doubling down on BC's mining jurisdiction. Global Exploration Alliance: An update on the generative alliance with JOGMEC, including promising new high-grade discoveries at the Advocate Project in Newfoundland. The Looming Nickel Deficit: Why supply curtailments in Indonesia and rising structural costs are creating a perfect storm for a significant nickel price breakout.   If you have any follow up questions for Martin please email me at Fleck@kereport.com.   Click here to visit the FPX Nickel website and learn more about the Company and Project.   ----------------------------- 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 Burke, Director and VP of Corporate Development at Sitka Gold (TSX.V: SIG | OTCQB: SITKF). Mike provides an in-depth look at the company's 60,000-meter drill program currently underway at the RC Gold Project in the Yukon. Mike discusses the initial visual results from the Blackjack and Rhosgobel deposits, highlighting the presence of visible gold and metallurgical recoveries for both Gold and Tungsten.   Key Discussion Points: 2024 Drill Program Overview: Mike shares details on the progression of the 60,000-meter program and what the current four-drill setup means for the season's timeline. Visual Gold and Mineralization: Get insights into the visual indicators found in the early drill cores, including the presence of visible gold and scheelite. Expanding the Resource Potential: Mike explains how the current drilling aims to test the expansion of open-pit resources and explore the potential for high-grade underground operations.  Outstanding Metallurgical Recoveries: Insights into the recent lab results showing 94.3% gold recovery and 84.7% tungsten recovery from the Rhosgobel deposit. Upcoming Milestones: What investors can expect in the coming months, including the first batch of assay results anticipated in May.   If you have any follow up questions for the team at Sitka Gold 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.

Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to review the value proposition that has his attention from recent corporate news and strategies from 3 silver, copper, and gold explorers that have recently press-released significant company milestones.   The companies we discussed in the interview are:   * Silver Bow Mining Corp. (NYSE American: SBMT) – On May 4, 2026 the Company announced that surface drilling has commenced at the Company's Rainbow Block Project in the Butte Mining District of Montana, marking the launch of its 2026 exploration program.   The 2026 program is designed to advance the Company's understanding of mineralization across the Rainbow Block and to support ongoing evaluation of priority silver, gold, zinc, and lead targets. The surface drill program is expected to include approximately 25,000 feet of drilling on Company private lands and test areas adjacent to the Company's previously announced Inferred Mineral Resource Estimate of approximately 170 million silver equivalent ounces at 14.8 oz/ton (or 4.28 oz/ton Ag, 0.05 oz/ton Au, 1.25% Pb, and 4.59% Zn).   * Barksdale Resources Corp. (TSXV: BRO) (OTCQB: BRKCF) (FSE: 2NZ) – On May 4, 2026 the Company announced assay results from the first four holes of the 2026 reverse circulation drill program on its flagship Sunnyside Project located in Arizona, USA. Assay results show several broad areas of shallow, high-grade copper-zinc-silver mineralization hosted within the Sunnyside Monzonite Porphyry.   Highlights include:   0.45% Cu over 392.19m from 3.05m to 396.24m in hole SUN26-002R including: 0.90% Cu over 60.96m from 173.74m to 234.70m 0.93% Cu over 60.96m from 265.18m to 326.14m Hole ended in mineralization 0.29% Cu over 454.15m from 3.05m to 457.20m in hole SUN26-001R including: 0.95% Cu over 39.63m from 248.41m to 288.04m Hole ended in mineralization   * Headwater Gold Inc. (CSE: HWG) (OTCQX: HWAUF) - On April 28, 2026, the Company announced results from the recent core drilling program at its TJ Project in Elko County, Nevada. The program was fully funded by OceanaGold Corporation (TSX: OGC, NYSE: OGC) pursuant to the earn-in agreement announced October 15, 2025.   Highlights: Highest gold grades to date: Core drilling returned grades up to 5.61 grams per tonne gold (“g/t Au”), confirming the presence of a high-grade epithermal vein system below the surface sinter.  Large, dynamic hydrothermal system confirmed: Drilling intersected 100 m thick hydrothermal breccia intervals, syn-mineral intrusions and multiple phases of epithermal veining across more than 500 metres of strike length. System open and expanding: Drilling has tested only a small portion of the system, but mineralization remains open at depth and along strike. The Company recently expanded the TJ land position by 88% (to 1,990 hectares) to cover the prospective northern continuation of the TJ graben.       * 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, and companies profiled may be sponsors of the KE Report.

In this episode of the KE Report, we sit down with TG Watkins, Director of Stocks at Simpler Trading and Editor of The Profit Pilot. As the "Magnificent Seven" and semiconductor giants show signs of being overbought, TG identifies a significant rotation of capital into previously overlooked sectors. From the resilience of small caps to the surprising strength in software and critical minerals, this discussion outlines where the smart money is moving as the primary indices test all-time highs. Key Discussion Points: The Post-Earnings Rotation: Why the S&P 500 and Nasdaq leaders might be due for "backing and filling" while the rest of the market catches fire. Software's AI Redemption: A look at how Wall Street's fear of AI disrupting software companies may have been overblown, creating a massive "double bottom" buying opportunity. Crypto and Bitcoin Support: Analyzing the major historical levels that suggest Bitcoin and Ethereum have found a definitive floor. The Energy-AI Nexus: Exploring the shift from Bitcoin mining to AI data center power generation and its impact on energy stocks. Critical Minerals and Uranium Momentum: Why technical flags in Uranium and Lithium suggest the commodity super-cycle is far from over. Precious Metals Outlook: Determining if the current pullback in Gold and Silver is a healthy consolidation or the start of a deeper trend change.   Stocks & Symbols Mentioned: S&P 500 (SPX), Nasdaq (IXIC), S&P 500 Equal Weight (RSP), Russell 2000 (IWM), Semiconductors (SMH), Bloom Energy (BE), Coinbase (COIN), Tesla (TSLA), Uvance (UAMY), USA Rare Earth (USAR), Critical Metals (CRML), Software ETF (IGV), ServiceNow (NOW), B. Riley Financial (RILY), Microsoft (MSFT), MicroStrategy (MSTR), Bitfarms (BITF), Cipher Mining (CIFR), Hut 8 (HUT), TeraWulf (WULF), Uranium ETF (URA), Albemarle (ALB), Sigma Lithium (SGML), Gold ETF (GLD), Silver ETF (SLV), Gold Miners (GDX), Junior Gold Miners (GDXJ).   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 Weekend Show, we dive deep into the current forces shaping the precious metals sector and the global macro economy. From the "hawkish hold" of central banks to the surprising resilience of the US economy and earnings growth, our guests break down what investors need to know to navigate the current volatility.  Segment 1 & 2 - Dave Erfle, the founder and editor of the Junior Miner Junky, evaluates the current downturn in precious metals markets as a technically sound correction and encourages strategic accumulation in high-quality junior mining stocks. Dave specifically discusses the strength of central bank gold buying, the impact of high energy costs on major miners, and recent M&A activity involving companies like Agnico Eagle and G2 Goldfields.  Click here to visit the Junior Miner Junky website to learn more about Dave's investment letter - https://www.juniorminerjunky.com/   Segment 3 & 4 - Marc Chandler, Managing Partner at Bannockburn Global Forex and Editor of the Marc to Market website, analyzes the shift among global central banks toward a "hawkish hold" policy. He highlights how this stance, driven by persistent inflation and supply shocks from Middle Eastern instability, contributes to a "K-shaped" economic recovery where strong corporate earnings contrast sharply with record-low consumer sentiment.  Click here to visit Marc's site - Marc To Market - https://www.marctomarket.com/   If you enjoy the show, be sure to subscribe to our podcast feed (KER Podcast), YouTube channel, and follow us on X for more market commentary and company interviews. Don't forget to subscribe and leave us a review!   ------------------------- For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/   Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Chris Temple, Editor and Publisher of the National Investor, joins us to review the macroeconomic trends moving the markets, and his outlook on US general equities, precious metals, and various segments of the critical minerals space. Chris also recaps some of the companies he just saw in person at a number of site visit tours throughout Nevada, California, and Arizona.   We start off discussing the Fed meeting earlier this week, and a brief summary of Jerome Powell's 8-year tenure as the head of the US central bank.  Next, we pivot over to the macro backdrop for incoming Fed head, Kevin Warsh; and the results that have accrued as the result of prior monetary and fiscal policy in the US and abroad.  Chris note the persistent issues of record sovereign debt loads, higher-for-longer inflation levels, greatly spurred along by excessive money printing over Jerome Powell's term, pressures from the war in the Middle East, and the potential for slowing economic growth and more meaningful pullback in the broad US equities in the medium-term.   Switching over to gold, silver, and the precious metals equities, Chris had warned subscribers earlier in the year that things had become overbought and gotten ahead of themselves and to fade that rally, anticipating a medium-term sector pullback. He pointed to the coming corrective move in the PM sector, that was then exasperated by the war in Iran, when many felt that would be a bullish driver for gold and silver. Central banks and generalist momentum investors had come into the precious metals over the last couple years, but then some of these same groups had shifted over to selling PMs over the last couple months, putting further pressure on the sector. Generalist investors are still very much fully deployed into US equity markets and in particular the tech stocks and AI trade, and have pushed those valuations to record levels. As a result they are less inclined to be following the future potential of the commodities stocks. Chris is prepared for a future corrective move in US stock markets, that would initially drag everything else down with it, including most commodity and resource stocks. However, he pointed to the 2009 period coming out of the Great Financial Crisis, where gold and silver rebounded quicker and went up more on a performance basis than the broad markets. He expects to see a similar trend after a market liquidity event, where the PMs rebound first and to a greater degree, and the rest of the metals complex will follow.   Next we shifted over to trends within the broad basket of Critical Minerals, where Chris makes the point that one can't paint them all with a broad brush, as some have unique fundamental or macro drivers and have popped up periodically like a game of “whack-a-mole.”   He pointed out that critical minerals like lithium, cobalt, and nickel had popped and then dropped over the last few years, but that he was more animated by uranium, fertilizers, magnesium, tungsten, titanium, copper, and zinc at present.   Wrapping up, Chris highlighted the companies he just met with on his multi-state site visit tour through Nevada, California, and Arizona including:   Gunnison Copper Corp. (TSX: GCU) (OTCQB: GCUMF), Nevada Organic Phosphate Inc. (CSE: NOP) (OTCQB: NOPFF), Integra Resources Corp. (TSXV: ITR) (NYSE American: ITRG), North Peak Resources Ltd. (TSXV: NPR) (OTCQB: NPRLF), Borealis Mining Company Limited (TSXV: BOGO) (OTCQB: BORMF), Apollo Silver Corp. (TSX.V: APGO) (OTCQB: APGOF), and Arizona Gold & Silver Inc.  (TSXV: AZS) (OTCQB: AZASF).    Click here to follow along with Chris at the National Investor 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, and companies profiled may be sponsors of the KE Report.    

Jack Henris, President and COO, and Shawn Campbell, CFO of Dakota Gold (NYSE American: DC), both join us for an exploration and development update on their Richmond Hill Oxide Heap Leach Gold Project; located in the historic Homestake District of South Dakota, near existing mining infrastructure. We review all the drill results from 2025 and 2026 that will be incorporated into the upcoming resource estimate and the timeline of key development studies that will feed into updated project economics. We also highlight the upcoming drill program at their Maitland Gold Project, which will lead into an eventual resource estimate.   We start off reviewing more broad zones of gold mineralization that were announced from in recent drill results at Richmond Hill. Jack highlighted that the results being intercepted in the Northeast Project area contain much higher grades than the average overall resource grade. These results are encouraging their team to consider trade-off studies for the upcoming Pre-Feasibility Study (PFS), to potentially access these higher-grade areas in the first several years of mining.   On April 21, the company announced the 2026 Drill Campaign at the Richmond Hill Oxide Heap Leach Gold Project, which consisted of 109 holes with a combination of infill, expansion and geotechnical drilling.  The campaign is expected to be completed in the third quarter of this year, with a steady string of assay results anticipated over the balance of the year.   Richmond Hill is one of the largest undeveloped oxide gold resources in the United States being advanced by a junior mining company, with over 6 million ounces of gold and over 60 million ounces of silver moving along the pathway of development into heap leach production as soon as 2029. Principle Projects are on Private Land which equates to a positive attribute for efficient permitting with State and County organizations.   The Company will complete a Pre-Feasibility Study for Richmond Hill in the later part of 2026.   With the resource expansion drilling in the north intersecting significantly higher grades than resource cutoff. This resource drilling will be complimented with an extensive metallurgical test program, so that the Company will undertake a PFS with a focus on the first ten years of mining. This work will allow the Company to report reserves in 2026 and will inform the Feasibility Study to be completed in the first half of 2027.   The Company will launch a 2026 Maitland drill campaign of 5,578 meters (18,300 feet) in 44 holes.   The goal of this infill drilling, when combined with historic drill results, will be to define a maiden resource for the Tertiary-aged Unionville gold Zone.     Jack and Shawn highlight how these robust gold and silver resources, advantageous site infrastructure, ease of permitting on private land, and robust project economics, point to a future low-cost, long-life mining operation that can deliver high margins and generate meaningful revenues. We also review the potential for a rerating in valuation metrics when looked at through the lens of peer gold developer comparisons.     If you have any questions for Jack or Shawn regarding Dakota Gold, then please email those to us at Fleck@kereport.com or  Shad@kereport.com.   In full disclosure, Shad is a shareholder of Dakota 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 Dakota 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, and companies profiled may be sponsors of the KE Report.  

On this Daily Editorial, we're joined by Joel Elconin, co-host of the PreMarket Prep show and founder of the Stock Trader Network. With major tech players like Microsoft, Google, Amazon, and Meta reporting this week, the conversation centers around the unprecedented earnings growth and massive investments in AI infrastructure. Is the market overreacting to capital expenditures, or is there a longer-term play here? We dive into the shift between software and hardware stocks and the broader implications for the economy as companies continue to bet big on the AI revolution. Key Discussion Points Big Tech Earnings Explosion: Analyzing the double-digit percentage revenue and earnings growth from the week's major reports. AI Infrastructure vs. Software: Exploring the market's reaction to high capital expenditures and the emerging divide between hardware and software performance. Diversity and Resilience: A look at how diversified tech giants like Google and Amazon are faring compared to more focused players like Meta. The Long-Term AI Bet: Discussing the risks of overcapacity and the potential for AI to create a lasting competitive moat for early adopters. Market Outlook Beyond Tech: Examining current trends in heavy equipment, crude oil's impact on transport stocks, and the latest from the Fed.   Stocks Mentioned: MSFT, GOOGL, AMZN, META, NVDA, MU, WDC, CAT, DE, RCL   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/   --------------- 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 Brock Colterjohn, President and CEO of Onyx Gold (TSX.V: ONYX | OTCQX: ONXGF). With a massive 110,000-meter drill program currently underway, Onyx Gold is rapidly advancing its flagship Munro-Croesus project in Ontario, following a string of high-grade discoveries over the past 4 years.  Key Discussion Points: Munro-Croesus Project Overview: An introduction to the flagship property located in the heart of the Timmins gold camp, featuring the high-grade past-producing Croesus Mine. The Power of Consolidation: How Onyx Gold successfully assembled a district-scale land position by executing over 35 transactions since 2019. Argus North Discovery: Insight into the significant 2024 and 2025 drill results, including intercepts of 208 meters at 2.3 g/t gold. Strategic Financial Positioning: A breakdown of the company's strong cash position of approximately $22 million and its clean capital structure. Multi-Project Pipeline: The Company holds a portfolio of projects, 3 in the Timmins Gold Camp in Ontario (Munro-Croesus Property) and 4 projects in the Yukon.   Click here to visit the Onyx Gold website - https://onyxgold.com/    Please email me with any follow up questions for Brock. My email address is Fleck@kereport.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, I sit down with Kiran Patankar, President and CEO of Maple Gold Mines (TSX.V: MGM | OTCQB: MGMLF). Following a resource update released on April 27, 2026, Kiran discusses the company's evolution over the last four years and the goal to continue to grow the almost 5.2mil oz gold resource (indicated + inferred) at the Douay/Joutel Project in Quebec's prolific Abitibi region. Key Interview Highlights: Significant Resource Growth at Douay: Learn how the team increased contained metal by over 50% in the indicated category and established a 4-million-ounce foundation at the Douay project. The Rebirth of the Joutel Mine Complex: Discover the strategic importance of the Joutel underground resource, a past-producing high-grade complex. Optimized Open-Pit Strategy: Understand the more conservative gold price and lower cutoff grades to improve strip ratios and enhance the project's eventual development trajectory. Aggressive 2026 Drill Program: Kiran outlines the current 23,000 meter program and plans for an additional fully funded 70,000-meter drill campaign. Technical De-risking and Economics: An overview of when the company will work on a Preliminary Economic Assessment (PEA).   Please email me your follow up questions for Kiran. My email address is Fleck@kereport.com.    Click here to visit the Maple Gold Mines 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 Company Update, we are joined by Tim Clark, President and CEO, and Bryan Atkinson, Senior Vice President of Exploration, of Fury Gold Mines (TSX: FURY | NYSE American: FURY). The team provides a deep dive into the latest high-grade drill results from the Eau Claire Project and outlines the company's strategy to move down the development path for the remainder of 2026. Key discussion points include: Recent High-Grade Drill Results: An analysis of the latest 12.5 g/t gold intercept over 7 meters and what these "infill" holes outside the current block model mean for the overall resource scale. Resource Expansion and Grade Improvement: How the company aims to convert inferred resources to indicated while adding ounces to the upcoming Pre-Feasibility Study (PFS). The Impact of Record Gold Prices: Insights into how current market conditions are being factored into economic assessments and the potential for a significantly higher internal rate of return. Strategic Team Additions: The significance of bringing on Mario Courchesne as VP of Project Development to lead the transition from exploration into a production-focused mindset. 2026 Exploration Outlook: A look at the ongoing 40,000-meter drilling program and the timeline for the resource update expected later this year.   If you have any follow up questions for Tim or Bryan please email me at Fleck@kereport.com.    Click here to visit the Fury Gold Mines website to learn more about the Company and read over the recent news - https://furygoldmines.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.