The KE Report

[Recorded on Monday March 23rd, 2026] Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins me for a candid discussion on metals sector volatility, and the increasing disconnect we are seeing in the valuation that many of the gold, silver, and copper stocks are receiving after a violent sector correction in March.    Many of the advanced explorers and developers have market caps that have cratered when compared to the value of their defined resources in the ground are worth, even after the large correction in the underlying metals prices.   Erik is utilizing this correction to value-shuffle into positions that have built further value but are selling off due to the general negative market sentiment. “Volatility is the poor man's dry powder.” He points to all the opportunities to take advantage of panic-selling, through micro-trading amongst positions that have held up better and those seeing disproportionate selling or that have lagged despite positive news catalysts.   He points out that: “What you do in a serious market correction is going to set your portfolio up for years into the future.” “I can't afford to sell the lows of a correction, especially if I know where the long-term trend is going over the next 10 years”   We review the valuation disconnects between the market caps of companies that have corrected by 30%-60% just in the month of March, versus where the NPV of the projects still are at anywhere near spot metals prices. “With the gold juniors, you don't really care if gold is at $5,500 or $4,500 because that is already so much overkill.” “The lower this sector goes with this panic-selling, the odds increase that there are new multi-baggers being born everyday from these valuation levels.”   Erik is seeing compelling valuations in the silver and copper developers, in the 2nd leg of the Lassonde Curve, as well as the legitimate gold juniors, with 3rd-party validation and large strategic investors adding value to projects of merit.    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.

Glenn Jessome, President & CEO of Silver Tiger Metals (TSX.V:SLVR) (OTCQX:SLVTF), joins us for a very key development update and Company milestone.  The press release March 18th stated that the Board of Directors of Silver Tiger Metals has approved the construction decision of the surface mine; with commissioning and first pour targeted for December, 2027; at the El Tigre Silver-Gold Project in Sonora, Mexico.   We started off with a brief reminder on why the Company elected to take the recent financing, which closed on February 18th, in lieu of a much larger debt package with restrictive covenants. That appears to have been the right decision to bolster its strong financial position, especially in light of the market volatility that we've seen across the whole precious metals complex since then.   Silver Tiger has over US$86 million (or ~C$120 million) cash to execute on the immediate development initiatives. The Company is also nearing completion of a debt financing package, with term sheets advanced and negotiations narrowed to select providers to provide flexible, non-dilutive capital options to support combined surface and underground development at El Tigre.   Silver Tiger just announced that it has entered into an Engineering Procurement and Construction Management Contract ("EPCM") with Kappes, Cassidy & Associates ("KCA") and Kappes, Cassiday del Norte S de RL de CV ("KCN") to assist in the construction of the mine and process plant at El Tigre. The Company has also now hired its own experienced mine construction executive team to work with KCA and KCN.   Significant development progress has already been made to date including:   Basic engineering for the Mine has been prepared by KCA and is 90% complete Engineering for the heap leach and waste dump for the Mine has been completed by WSP Land clearing for the Mine construction area has commenced, including flora and fauna rescue The personnel camp for the Mine and the construction offices have been designed and are currently in a bid process Engineering for improvements to the 46 km road from Colonia Morelos to El Tigre, which was built by the Corporation in 2023 and 2024, is complete and the contract to carry out the road improvements is currently in a bid process     The Company is nearing completion of its ongoing metallurgical and geotechnical drilling program in the Stockwork Zone, with this program expected to wrap up within the next 30 days.  Upon completion, the Company will immediately transition to exploration drilling targeting the high-potential vein systems north of the main El Tigre area, near the historic North Tigre Mine. This priority zone aligns directly with the El Tigre North Mine Design outlined in Section 24 of the Company's recently filed Preliminary Economic Assessment (PEA dated January 20, 2026).    If you have any follow up questions for Glenn regarding Silver Tiger Metals, then please email them into me at Shad@kereport.com.   In full disclosure, Shad is a shareholder of Silver Tiger Metals at the time of this recording, and may choose to buy or sell shares at any time.   Click here to follow the latest news from Silver Tiger Metals     For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Daily Editorial, we welcome back Dave Erfle, the founder and editor of Junior Miner Junky, to make sense of one of the worst weeks for precious metals in over 40 years. Following a significant drop in gold prices and a sharp sell-off in mining equities, Dave breaks down the technical damage, the impact of global margin calls, and whether the sector has finally reached a capitulation point. Key Discussion Points: Market Capitulation and Deleveraging: Dave explains how the recent price action was driven by forced liquidations and margin calls rather than a shift in long-term fundamentals. Technical Breakdown of Mining ETFs: An analysis of the GDX and GDXJ, focusing on the formation of bear flags below key support levels and the importance of the 200-day moving average. The Disconnect Between Fundamentals and Price: Why the structural case for gold remains robust due to rising national debt, central bank buying, and stagflationary pressures, even as paper markets face extreme volatility. Strategies for the Current Environment: The importance of maintaining cash positions during deleveraging events and why the "energy" created by this sell-off could fuel the next major move higher. Junior Miner Performance: Insight into the high-volume spikes seen in quality junior explorers and what the Bullish Percentage Index (BPGDM) tells us about a potential bottom.   Click here to visit the Junior Miner Junky website to learn more about Dave's investment letter - https://www.juniorminerjunky.com/   ------------------ For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Daily Editorial, we welcome back Trader Ferg, an independent speculator and author of the popular Trader Ferg Substack. As geopolitical conflicts continue to reshape global trade, Ferg joins us to discuss the structural "off-ramps" disappearing in the energy sector and where he is finding the most asymmetric value in a volatile market. Discussion Highlights: The Global LNG Shortfall: The discussion begins with the severe damage to Qatari LNG infrastructure, which Ferg notes could take years to fully recover. This has led to a massive energy deficit in Europe and Asia. The Strategic Pivot to Coal: With LNG supplies constrained, Ferg highlights the "knife fight" for coal in the Asian cooling season. He identifies high-quality thermal coal as a primary beneficiary of the current energy gap. Agriculture and the Fertilizer Link: Ferg explains why he is bullish on Corn, citing the massive disruption in fertilizer shipments through the Strait of Hormuz during peak planting season. The Structural Bull Case for Uranium: The conversation shifts to the nuclear sector, where Ferg emphasizes that energy security concerns are forcing countries like Japan, China, and South Korea to pivot back to uranium as a reliable baseload power source. Constraints on the AI Energy Buildout: Ferg expresses skepticism regarding the rapid expansion of AI data centers, noting that the physical constraints of the U.S. electrical grid.   Click here to visit Trader Ferg's Substack. - https://traderferg.substack.com/   Companies & Stocks Mentioned: Whitehaven Coal (ASX: WHC), Arch Resources (NYSE: ARCH), CONSOL Energy (NYSE: CEIX), Newhope (ASX: NHC), Yancoal (ASX: YAL), Thungela Resources (LSE: TGA), Bannerman Energy (ASX: BMN), Cameco (NYSE: CCJ), Kazatomprom (LSE: KAP), Sprott Physical Uranium Trust (TSX: U.UN), Yellow Cake PLC (LSE: YCA)   ----------------- 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 KER Company Update, I am joined by Greg Smith, Vice President of Exploration at Newcore Gold (TSX.V: NCAU | OTCQX: NCAUF). Following the March 18th release of the updated Mineral Resource Estimate (MRE) for the Enchi Gold Project in Ghana, Greg provides a deep dive into the technical milestones and the strategic vision moving the project toward a Pre-Feasibility Study (PFS). Key Discussion Points: Updated Resource Milestone: Greg explains the work behind growing the resource to 1.5 million ounces in the Indicated category and 626,000 ounces Inferred, focusing specifically on open-pit constrained ounces to feed into the upcoming PFS. Different Types Of Mineralization: An analysis of the oxide, transition, and fresh rock mineralization. Strategic Infrastructure Placement: Why the proximity of the Boin and Sewum deposits is critical, allowing for centralized infrastructure to service multiple high-grade pits. Aggressive Exploration Outlook: Details on the 60,000-meter drill program, including step-out holes at Kojina Hill and testing high-grade lenses at depth to further expand the project's footprint.   If you have any follow up questions for Luke please email me at Fleck@kereport.com.   Click here to visit the Newcore Gold website. - https://newcoregold.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 KER Company Update, I am joined by Scott Berdahl, CEO and Director of Snowline Gold (TSX:SGD - OTCQB:SNWGF), to discuss the company's strategic trajectory for 2026. Despite broader sector volatility, Snowline Gold remains focused on the high-quality fundamentals of its flagship Valley deposit and its extensive exploration pipeline in the Yukon. Key Discussion Points: Resource Quality and Economic Resilience: Scott discusses the robustness of the Valley deposit, emphasizing its high-grade nature and low strip ratio, which allow the project to remain highly attractive even at lower gold price scenarios. Balancing Development and Exploration: A general overview of the 2026 strategy, focusing on de-risking the Valley resource through the Pre-Feasibility Study (PFS) while simultaneously pursuing aggressive regional exploration to identify the next major discovery. Infrastructure and Permitting Milestones: Insights into the company's reinforced development team and the conceptual development timeline. Expansion Potential at Valley: A look at the upside within and around the Valley intrusion. Financial Position and Market Recognition: With a treasury of approximately $100 million and recent inclusion in the GDXJ, the company is well-capitalized to execute its multi-pronged 2026 work program.   If you have any follow up questions for Scott please email me at Fleck@kereport.com. Click here to visit the Snowline Gold website to read over the recent news and learn more about the Company - https://snowlinegold.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.

Elaine Ellingham, President and CEO of Omai Gold Mines Corp. (TSXV: OMG) (OTCQB: OMGGF), joins me for an exploration update, with mineralization expanding upon the updated Resource Estimate of 6.5 million ounces of gold in all categories, from the combined Wenot and Gilt Creek Projects at the Company's 100%-owned Omai Gold Project in Guyana, South America.  We also discuss the dual path of the company now, split between exploration, and all the project derisking being factored into development and the upcoming updated economic study.   The Omai Property hosts two orogenic gold deposits: the shear-hosted Wenot Deposit and the adjacent intrusive-hosted Gilt Creek Deposit, with a combined updated MRE of:   2,121,000 ounces of gold (Indicated MRE), averaging 2.07 g/t Au in 31.9Mt & 4,382,000 ounces of gold (Inferred MRE), averaging 1.95 g/t Au in 69.6Mt   Multiple drills have been turning from the second half of 2025 through present where an additional ~18,000 meters of new drilling was completed at the Omai Gold property, which will then factor into the imminent updated project Resource Estimate.  That updated model will then be incorporated into the upcoming Preliminary Economic Assessment (PEA), slated for Q2 of 2026.    Multiple zones of gold mineralization were intersected in each of these recent assays from drills holes released February 25th, which will be included in the upcoming Mineral Resource Estimate ("MRE"). Highlights from the recent drill holes include:   Hole 25ODD-119W 4.18 g/t Au over 14.6m; including 9.12 g/t Au over 4.1m 2.38 g/t Au over 23.3m; including 3.95 g/t Au over 11.8m 07 g/t Au over 27.4m; including 11.64 g/t Au over 1.1m 73 g/t Au over 17.3m; including 8.61 g/t Au over 5.1m Hole 25ODD-150W3 1.94 g/t Au over 30.3m; including 3.03 g/t Au over 15.9m, and also including 14.35 g/t Au over 2.5m Hole 25ODD-159 1.75 g/t Au over 19.3m, and 14.45 g/t Au over 2.5m     The Company is also pleased to announce that next phase of exploration, with a 50,000-metre diamond drill program has commenced. It is designed to further pursue opportunities to expand the overall Omai gold resources, explore certain nearby geophysical anomalies, while continuing the priority work of upgrading the categories from inferred to indicated in the large Wenot resource; which is an important next step.  We discussed some of the regional targets of focus at Wenot East, the Camp Zone, BBH, and the Wenot "Handle Target", highlighted through geophysics studies.    This updated Preliminary Economic Assessment will be building upon the prior PEA that was released in 2024, which was only on 45% of the mineral inventory focused on the open-pit at Wenot.  That prior PEA did not yet include rest of the resources there at Wenot, nor did it include the underground project economics from the Gilt Creek deposit.  The updated PEA slated for next quarter will be much more advanced and will factor in the combined economics of the open-pit at Wenot, and the underground at Gilt Creek, representing the value proposition of the total project more accurately.   Next we reviewed the results from the very long hole, over 2,000 meters in length, that was drilled through the underground deposit at Gilt Creek over into the area deep under the Wenot deposit.  The geological thesis of drill hole # 25ODD–122W held up proving that there are additional deep sheer resources well below the known mineralization at Wenot.  This points to the much longer mine life that is inferred, even though there has not yet been extensive drilling at depth, below known Wenot mineralization, prior to that hole proving the geological thesis.      Wrapping up we discussed the company valuation compared to peers on a P/NAV basis, recent metallurgical testing, the ongoing permitting process work towards the EIA, and other derisking work on the Project, gathering all the data to be utilized in the upcoming PEA.     If you have any questions for Elaine regarding Omai Gold Mines, then please email those to me at Shad@kereport.com.   Click here to see the latest news from Omai Gold Mines.     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.  

Drew Clark, President and CEO of Summit Royalties Ltd. (TSX.V: SUM) (OTCQB: SUMMF), joins me to outline the transformational acquisition of Star Royalties and recent acquisition of a 1% NSR on the Saddle North Project, taking their portfolio up to 50 royalty partner projects, across 3 core jurisdictions being Canada, USA, and Australia; mostly focused on gold and silver.  Summit is a relatively new company having just gone public in the 2nd half of last year, but is now the fastest growing company in the precious metals royalty sector.    On March 16, 2026, Summit Royalties announced that they have entered into an arrangement agreement pursuant to which, Summit has agreed to acquire all of the issued and outstanding common shares and Star Royalties Ltd. (TSXV: STRR, OTCQX: STRFF).   Transaction Highlights and Strategic Rationale Immediate Scale & Quality 50 royalties and streams ~63% of net asset value ("NAV") from assets in production or with committed timelines to production; and Diversified revenue base with 4 assets currently in production, expected to increase to 6 by 2027. Value accretive transaction on both a NAV per share and 2027E CFPS basis; Significantly improved near-term cash flow profile with the addition of Copperstone and immediate revenue from Keysbrook; Addition of a high-quality gold stream on Copperstone that is expected to have significant expansion and exploration upside, with multiple near-term catalysts expected throughout 2026 including a PFS (April 2026), a maiden open-pit resource (H2 2026), and the anticipated commencement of construction later in the year; and Enhanced Tier-1 jurisdictional exposure.   Industry-Leading GEOs Growth ~47% GEOs CAGR expected over the next 3 years, which would be the highest among junior royalty and streaming companies based on analyst consensus estimates; Visibility driven by existing development assets and growth from material assets with committed timelines to production; and Additional upside from identified pipeline and from disciplined future acquisitions.   Accretive & Cash Flow Enhancing ~US$2M of identified annual cost synergies through the elimination of duplicate public company costs, personnel changes, and operational changes; Copperstone and Pitangui expected to be in production by 2027, increasing estimated 2027 revenue to over US$15M at consensus metal prices; and Small, agile team with minimal G&A funnels cash flow back into the business. Meaningful Re-Rate Potential ~C$184M expected pro forma fully-diluted in-the-money market capitalization; Improved capital markets presence and trading liquidity, with supportive shareholder base; and Pro forma Summit valued at a significant discount to peers on Price/NAV and Price/2027E cash flow per share ("CFPS") basis.   The Corporation intends to become the next mid-tier streaming and royalty company through future actionable and accretive acquisitions to increase production and cash flow growth. The Corporation currently has no debt and sufficient cash on-hand for use in future acquisitions.   Drew takes us through the growth on tap for 2026 and beyond at their now 4 producing royalties and streams.   Madsen – 1% NSR Royalty focused on gold and operated by West Red Lake Gold Mines in Ontario, Canada Bomboré – 50% Silver Stream; operated by Orezone in Burkina Faso Zancudo – 0.5% NSR Royalty; operated by Denarius Metals in Colombia Keysbrook – 2% minerals royalty on a producing mineral sands mine in Western Australia   Additionally, they will retain exposure to the Green Star Royalties Ltd. joint venture between Star Royalties Ltd. (TSXV: STRR, OTCQX: STRFF), Agnico Eagle Mines Limited (TSX, NYSE: AEM) and Cenovus Energy Inc. (TSX, NYSE: CVE) that invests into North American carbon offset projects in nature-based solutions, renewable energies, as well as other green technologies.   Next we reviewed their key development royalties:   Pitangu – $80/oz until 250 Koz produced – 1.5% NSR thereafter; operated by Jaguar Mining in Brazil and slated to go into production in 2027. AurMac – 0.5% – 2.0% NSR Royalty Coverage; operated by Banyan Gold in the Yukon, Canada On March 12, 2026, Summit Royalties Ltd. announced that it has entered into an agreement to acquire a 1.0% net smelter return ("NSR") royalty on the Saddle North Deposit, owned by Newmont Corporation, for consideration of C$5 million paid in shares of Summit.     If you have any follow up questions for Drew about Summit Royalties, then please email them into me at Shad@kereport.com.   Click here to follow the latest news from Summit Royalties     For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.  

In this episode of the KE Report, we are joined by Charles Funk, President and CEO of Heliostar Metals (TSX-V: HSTR | OTCQX: HSTXF). We focus on the 2025 financial results and the acquisition of the Goldstrike deposit in Utah. Key Discussion Points: 2025 Financial Results: A review of a "transformational" nine-month fiscal year where the company produced nearly 35,000 ounces of gold, generating over $47 million in operating earnings while outperforming cash cost guidance. The Goldstrike Acquisition: Detailed insights into the strategic purchase of the 1-million-ounce Goldstrike deposit in Utah from Liberty Gold, including the attractive acquisition terms and diversification into the US. Operational Creativity: How the team generated $66 million in earnings from non-reserve ounces through innovative stockpiling and leaching strategies since acquiring their Mexican assets. Antimony Potential: Exploring the high-grade antimony opportunities at the Goldstrike project, situated near other major critical mineral developments. Future Production Outlook: A look toward the company's ambitious "500,000 ounces per year by 2030" goal and how current cash flow is accelerating exploration and development without the need for immediate debt.   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.

This week's show centers on the intersection of geopolitical conflict and market fundamentals. With the Strait of Hormuz facing unprecedented disruptions, the energy sector is bracing for a supply shock that could redefine the global economy. Simultaneously, the precious metals market is grappling with a "war premium" already baked into prices, leaving investors wondering if the next leg up is driven by fear or the looming threat of stagflation. Segment 1 & 2 - Kicking off the Weekend Show, Josef Schachter, founder and editor of the Schachter Energy Report and the Eye On Energy Report on Substack, discusses the wide-reaching effects of the war in Iran on global energy markets. Josef provides analysis on the Strait of Hormuz, rising oil and natural gas prices, and shifting supply and demand dynamics in North America and abroad as well as his investing strategies in oil and nat gas equities.  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 - Jeff Christian, Managing Partner of the CPM Group, wraps up the Weekend Show explaining why gold and silver prices remain consolidated despite escalating Middle East tensions and rising oil costs. He dives into the complex relationship between precious metals and energy, offering a reality check on market correlations and a long-term outlook on where investment demand and mining margins are headed next. Click here to visit the CPM Group website to learn more about the firm - https://cpmgroup.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, we chat with Marc Chandler, Managing Partner at Bannockburn Global Forex and Editor of the Marc to Market website. Marc joins us to provide a high-level technical and fundamental analysis of the shifting landscape in currency, equity, and commodity markets. Throughout the discussion, Marc breaks down the recent "yo-yo" effect seen in the US Dollar Index and explains the hawkish pivot across global central banks. We also dive into the "fog of war" surrounding the S&P 500 and the unexpected pressures weighing on gold and silver. Key Discussion Points: Central Bank Divergence: Analyzing the recent Federal Reserve meeting, Powell's hawkish tone, and how the ECB and Bank of England are reacting to inflationary pressures. The US Dollar and Geopolitics: Understanding why the Dollar Index remains volatile as investors balance interest rate expectations against the ongoing "war effect." Equity Market Bottoms: A look at the S&P 500's recent dip below its 200-day moving average and the technical signals Marc is watching for a potential reversal. Precious Metals Pressure: Why gold and silver failed to act as an inflation hedge this week and the impact of rising opportunity costs on non-yielding assets. Pipeline Inflation: Beyond oil and gas - how disruptions in fertilizer, pesticides, and helium are creating a "long neck" of price increases that central banks must now navigate.   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.

[Recorded March 18th, 2026]  Nick Hodge, Co-Owner of Digest Publishing and editor of Foundational Profits and Underground Alpha, joins me for our monthly longer-format discussion on different macroeconomic factors and market reactions to the war in the Middle East, and how he continuing to accumulate select stocks into the volatility in gold, royalty, uranium, and critical minerals resource stocks.   We start off discussing the macro factors moving the markets, from slowing growth and lower GDP readings quarter over quarter, to rising inflation numbers, surging oil prices, and a higher US dollar in response to the geopolitical tensions.    Whereas oil has a near 90% correlation with the UD dollar, gold has been negatively correlated, dropping while the greenback has moved higher.   Shifting over to the corrective moves in gold, silver, and the precious metals stocks, Nick points out that investors must know what they own, understand the thesis on why they own it, and have confidence in the coming catalysts and teams ability to execute. If investors have this understanding and conviction in their stock selections, then they'll be able to hold through any corrective moves, like what we've been seeing across the board in March. He points out that we are still in a structural bull market in the precious metals due to a number of macroeconomic factors, and believes buying into extreme weakness will be rewarded in the future.   We then pivoted over to the advantages of the royalty stock business model, and he highlighted the value proposition that he sees in Royal Gold (NASDAQ: RGLD) and how he utilized the strategy of setting targeted limit orders to take advantage of market volatility and acquire a larger position recently.   Shifting over to the junior mining stocks, Nick highlighted the corrective moves and lack of buying volume in some of names he's been acquiring like North Shore Uranium Ltd. (TSX-V:NSU) and Daura Gold Corp. (TSXV: DGC) (OTC Pink: DGCOF).    This transitioned the conversation over into some of the macro drivers of nuclear power and the need for new uranium discoveries.   Wrapping up we briefly covered the renewed investor interest and participation in critical minerals companies focused on rare earths, antimony, tungsten, tantalum, niobium, scandium, and germanium. With regards to rare earths, he mentioned Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR), due to their ability to mine mineral sands projects globally, to then separate, and process rare earths domestically. Nick also flagged PMET Resources Inc. (TSX: PMET) (ASX: PMT) (OTCQX: PMETF) as a company that not only has a world-class lithium project, but also compelling caesium and tantalum resources.     Click here to follow Nick's analysis and publications over at Digest Publishing     For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Luis Santana, CEO and Director of GoldQuest Mining Corp. (TSXV: GQC) (OTCQX: GDQMF), joins me for a comprehensive introduction to this Canadian exploration and development company, with strong participation from Dominican investors, focused on advancing its gold, copper, silver, and zinc assets in the Dominican Republic. The Company has a Board of Directors and management team with prior experience developing and operating a mine in the country, and they are drilling to move towards an updated Resource Estimate and Bankable Feasibility Study later in 2026.    We start off reviewing the history of the company where the initial resource and project economics were outlined on the Romero and Romero South deposits back in 2016, bringing in Agnico Eagle as a key stakeholder.  Then in 2017 a new discovery was made at the Cachimbo area, but there were organized community protests and the company went dormant for a few years, with out the surrounding community buy-in.  Then in 2022 Luis was chosen as CEO to work on the social license and advancing the Romero Project once again.  After a few years of community outreach, engagement, and education, there is finally a majority support for advancing the project.   The Company today has 57 employees and ~150 contractors working on the ground, and the exploration team is finishing up a 5,000 meter drill program at Cachimbo.   There is additional exploration going on around Romero and Romero south that will factor into the updated Resource Estimate and BFS later this year.   These are polymetallic VMS deposits that contain gold, copper, silver, and zinc mineralization, giving them an internally hedged advantage, and the ability to highlight the critical minerals for permitting and strategic importance of the Project.   If you have questions for Luis regarding the Romero Project or GoldQuest Mining, then please email those into me at Shad@kereport.com.   Click here to follow the latest news from GoldQuest Mining   For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.  

In this episode of The KE Report, host Shad Marquitz sits down with Joel Elconin, co-host of the Pre-Market Prep Show and founder of the Stock Trader Network, to dissect a market that appears to have rolled over into a corrective period. With oil prices surging, a disruptive geopolitical backdrop, the major averages testing near-term support, and the Quadruple Witching Expiration tomorrow, Joel provides a candid, sobering assessment of the macroeconomic and geopolitical forces currently rattling investors.   Key Discussion Points:   Geopolitical Catalysts and Inflation: The direct link between global conflict, surging oil prices, an increase inflation, and lower expectations for near-term rate cuts from the Fed. High Oil Price Contagion Effect: Everything from airline prices to shipping containers is seeing rising prices, and with higher prices at the gas pump, and businesses passing along higher freight and input costs, this could slow down the economy. The “R” Word:   Is a Recession looming in the future if economic growth contracts, and when paired with higher inflation, loss of jobs, and rising energy costs, are we actually drifting towards Stagflation? Loss of Market Momentum: Why the choppy technical action in the S&P 500 and Dow suggests a waning appetite for risk among investors in early 2026. Picks and Shovels:  Joel is favoring hardware over software, in a market that is selling off AI stocks, in favor of hardware companies like Micron, Scandisk, Modine Manufacturing, and MasTec The Nvidia is still the biggest hardware stock in the market: Joel dives into the forward guidance and analyst expectations for NVDA and what that means for the weighted indexes. Agriculture Hardware:   As farmers scramble to lock down fertilizer supplies for planting season, Joel remains more animated by farming equipment manufacturers like John Deer and Caterpillar. Quad-Witch Expiration on Friday:  These can be important days where institutional positions come off the board, and we see a change in direction or an acceleration of a trend.   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. 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.  

Will Robinson, VP of Exploration at West Red Lake Gold Mines (TSX.V:WRLG) (OTCQB:WRLGF), joins me for an expanded visual presentation on a number of underground and surface exploration targets of focus at and near the Madsen Mine and Rowan Deposit, in the Red Lake district of Ontario, Canada.   We start off with the big picture lay of the land across the Madsen Mine area, and then vector in on the new high-grade gold results from the 4447 Zone and 904 Complex areas at South Austin.   Will also highlights the speed at which their team can turn a geologic thesis, into drill results, and then get that data into the mine plan, with their improving understanding of the geological model and underground infrastructure advantages.   We also review the planned work to develop the 13-level exploration drift to get over into parts of Austin, East Drive, and Derlak areas that haven't had good underground access for drilling.  The ultra high-grade 8-Zone is reviewed again, with Will pointing out that the narrow zone of mineralization is open in both directions and more exploration along trend is required.   Moving up closer to surface, we spend some time outlining how their exploration and engineering teams completed a re-evaluation of the Fork deposit pointing to its shallow, high-grade, low-plunging zone of gold mineralization that is located approximately 250 meters southwest from existing underground development at Madsen.  The exploration team did another 3,000 meters of definition drilling from surface last year, which demonstrated in the value in eventually tunneling over from McVeigh into some of the high-grade areas of mineralization while also looking for mineralized extensions.  Then even further over from Fork is the historic producing Starratt-Olsen mine, which has shown promising high-grade gold mineralization at depth and will be getting some exploration focus in the year to come.   Rounding it out at surface, Will flagged a number of other priority greenfields exploration targets like North Shore, Upper 8, Faulkenham, and Killoran.  These areas have returned compelling mapping, soil sampling, and limited drilling in the past, and warrant more follow up in the exploration seasons to come.   If you have any follow up questions for Will or the team over at West Red Lake Gold please email them into me at  Shad@kereport.com.   In full disclosure, Shad is shareholder of West Red Lake Gold Mines at the time of this recording, and may choose to buy or sell shares at any time.   Click here to follow the latest news at West Red Lake Gold   Click here to view the VIDEO version of this podcast on YouTube   For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Company Update, I am joined by Bob Archer, President and CEO of Pinnacle Silver & Gold (TSX.V: PINN | OTCQX: PSGCF). Following an exploration update at the El Potrero Project, Bob explains the discovery of high-grade polymetallic mineralization. Key Discussion Points: LiDAR-Driven Discovery: Bob explains how high-resolution LiDAR surveys identified historical artisanal workings, leading the team to the silver-lead-zinc discovery. The Topia Connection: The interview explores the geological similarities between this new find and the nearby Topia Mine, suggesting the potential for an extensive mineralized system. Production Fast-Track: While exploration expands, the company remains focused on fast-tracking toward gold-silver production, with underground preparations and metallurgical testing currently underway. Operational Milestones: Bob provides insights into the fully funded underground drilling program and the upcoming feasibility studies for power line extensions and plant optimization.   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.

In this Daily Editorial, we are joined by Dave Erfle, the founder and editor of Junior Miner Junkie, to break down the current state of the precious metals sector. Despite a recent pullback, Dave provides a technical and fundamental perspective on why the current market action is a "positive correction" rather than a breakdown. The discussion covers the macro environment influencing gold and silver, the looming pressure on the Federal Reserve, and why certain junior mining stocks remain incredible value plays even as energy costs rise. Key Discussion Points: Gold and Silver Technicals: Dave analyzes the consolidation patterns for gold at the $5,000 level and silver at $80, noting that the current symmetrical triangle formation suggests a strong base is being built for the next leg up. The Federal Reserve's Dilemma: An exploration of the "stagflation trap" where the Fed must choose between cutting rates to support slowing GDP or holding rates to fight geopolitical-driven inflation that they cannot control. Mining Equity Divergence: Insight into why the GDX and GDXJ have pulled back despite high metal prices and why this disconnect offers a "gentleman's entry" for investors who missed the initial bull run. Junior vs. Producer Risks: A look at how rising energy prices act as a headwind for large open-pit producers like Newmont (NEM), shifting the tactical advantage toward early-stage developers with high-margin projects.   Click here to visit the Junior Miner Junky website to learn more about Dave's investment letter - https://www.juniorminerjunky.com/   ----------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

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.  He is adding to energy, fertilizer, and chemical stocks on the back of rising oil prices, trimming back some gold and silver stock gains, and holding steady with select critical minerals stocks that may benefit from future government funds and policy initiatives.   We start off in a general discussion on what the higher oil prices may mean for inflation trends, fiscal and monetary policy, and trade amongst nations.  Dialing into the energy stocks, Sean is avoiding some international oil service companies that may be impacted negatively by the Strait of Hormuz being closed.  Conversely, Sean is adding to quality North and South American energy companies like Petrobas (PBR) and Cenovus Energy (CVE), and through the State Street SPDR S&P Oil & Gas Exploration & Production ETF (XOP), that are benefiting from increased revenues and growth due to the higher oil prices.   With regards to the fertilizer and chemical companies, Sean likes names like CF Industries Holdings (CF), Nutrien Ltd (NTR), and The Mosaic Company (MOS), due to their competitive ability to utilize cheap North American natural gas and processing to export fertilizer and chemicals overseas to areas that have higher nat gas prices and are affected by constrained supply of key ingredients with the Strait of Hormuz chokepoint still in effect.   Sean remains bullish for medium-term and longer-term in the precious metals, because all the broader fundamental macroeconomic and geopolitical factors are still in place and haven't changed.    Despite that outlook, in the short-term, he has been trimming back gains in a few silver and gold stocks, like Avino Silver and Gold (ASM), to raise funds for deploying into other sectors. He reiterated the point that this is not ‘panic-selling,' or giving up on the precious metals thesis; but rather, strategically taking gains for swing trades in other areas of the market. However, after the wild price volatility in both directions for gold and silver in January and early February, he believes that we are likely now going to trend sideways in a price range for the near-term; basing for a while before the next move to the upside.     With regards to critical minerals, Sean remains quite interested in the metals of strategic importance to defense for the US and the world at large, like rare earths, antimony, and tungsten. He highlighted United States Antimony (NYSE American: UAMY) which has the US government as a partner as the kind of company that he's been holding in his portfolio. Sean highlights the US Pentagon and Defense Department is allocating $200 Billion to invest in mineral development and processing for national defense, and highlights that domestic critical minerals stocks in rare earths, antimony, and tungsten have a higher likelihood of benefitting from these initiatives.   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.

Terry Lynch, CEO of Power Metallic Mines (TSX.V: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV), joins me for a comprehensive exploration update catching up on multiple news releases from their fully funded 100,000-meter drill program at the polymetallic NISK Project in Quebec.  We discuss recent drill results at the Lion Zone, pending results still at the assay lab, but also review 4 key regional exploration targets of interest for 2026 drilling.  Additionally we touch upon the successful metallurgical testing recovery results, and other value drivers in Chilean Metals spin-out, and upcoming work at the Jabal Baudan Exploration License in Saudi Arabia.   Infill and expansion drilling has continued to define the high-grade Lion Zone in preparation for a 2026 Mineral Resource Estimate (MRE). The infill drilling on the Lion zone has shown that the interpreted zone geometry has high repeatability raising the confidence level for future mineral resource estimates to an Indicated Resource classification. Internally the Lion Zone drilling continues to surprise with very high-grade holes.   Hole PML-26-049, the first hole of the 2026 winter drill campaign, was drilled to support the modelled interpretation of the Lion zone near surface. It resulted in the best copper intersection to date on the Lion Zone, intersecting massive to brecciated Cu sulphides over 16.55m @ 10.08% Cu (15.11% CuEqRec1). This hole greatly expands the zone near surface that may be amenable to early open pit extraction in a possible future mining operation.   The exploration team has an ongoing six-rig drill program focused on expanding the mineralized around the Lion Zone and at depth testing the potential “Elephant Zone,” and also at Lion West, at the Tiger Deep Zone.  Additionally, new polymetallic targets are being refined from surveys at the Hydro Fold-Hinge Zone, there will be more step-out drilling focused on to connecting more of the 5.5km corridor and “Gap Area” between Lion and NISK Main.    There are still about 20,000+ meters of core being processed at the lab, and continued drilling that will keep going through April that should see a steady string of drill results coming back in over the next few months. All the drilling data from the end of last year and this year will be added to prior results into a new resource update and then PEA later in the year. Then 30,000+ additional meters that will be drilled throughout 2026, starting up again in the summer.   On January 19, 2026, Power Metallic Mines provided preliminary metallurgical results performed by SGS Canada Ltd at its laboratories based in Quebec City, QC, and Lakefield, ON, from representative samples of Lion zone mineralization sent over back in October 2025. An initial Lock Cycle Test within coarse grained chalcopyrite and cubanite returned a sulphide concentrate grading 25.8% Copper containing very high metal recoveries of Copper (98.9%), Palladium (93.9%), Platinum (96.8%), Gold (85.0%) and Silver (88.9%), exceeding Power Metallics most optimistic estimates for recovery prior to this test work.    On Feb. 19, 2026, Chilean Metals Inc (TSX.V: CMCG) commenced trading. Chilean Metals was created through a spin-out from Power Metallic Mines Inc. (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV1) in February 2025, At time of spin-out ownership was 50% Power Metallic and 50% the Power Metallic shareholders of record January 31 2025. The new Company was created with a focused exploration mandate and a project portfolio spanning two of the most geologically fertile mining belts in the Americas.   We also touched upon upcoming exploration at their 100% controlled Jabal Baudan Exploration License in Saudi Arabia: Power Metallic announced on June 16th that it was awarded the exploration license for the Jabal Baudan project in Saudi Arabia's Jabal Sayid Mineralized Belt. This historic milestone positions Power Metallic as one of the few foreign companies with mining concessions in the Kingdom of Saudi Arabia, having secured a successful bid in this prestigious licensing process.   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.   Click here to follow the latest news from Power Metallic Mines   For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.  

In this Company Introduction on the KE Report, we sit down with Joe van den Elsen, President and CEO of Andina Copper (TSX.V:ANDC - OTCQX:ANDC), to discuss the company's exploration efforts across South America. Andina Copper has copper exploration projects in Argentina, Colombia and Chile - with drilling on two this year.   Key Discussion Points: Strategic Portfolio Management: Joe explains the rationale behind building a portfolio of porphyry discoveries in Argentina, Colombia, and Chile to mitigate jurisdictional risk and ensure a consistent flow of news throughout the year. The Piuquenes Project (Argentina): We dive into the high-grade copper-gold potential of this flagship asset located near world-class deposits like El Pachón and Altar, highlighting recent drilling success and the project's shallow nature. Advancing Cabrasco (Colombia): Joe details the acquisition of this district-scale copper-molybdenum porphyry system, the logistics of operating in the Chocó belt, and the company's commitment to year-round drilling. The Mantau Project (Chile): A look at the pipeline opportunity in the Antofagasta region, situated adjacent to significant recent discoveries, and how it fits into the company's seasonal exploration rotation. Capital Position and Team Expertise: An overview of the company's recent $27.5 million financing and the technical team driving these projects forward.   If you have any questions for Joe and his team you can email us at  Click here to visit the Andina Copper website - https://www.andinacopper.com/    ---------------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this episode, we sit down with Nick Appleyard, President and CEO of TriStar Gold (TSX.V: TSG | OTCQB: TSGZF). Following a recent news release regarding the ongoing court case in Brazil, Nick provides essential clarity on the status of the LP environmental permit for the Castelo de Sonhos project. We dive deep into the legal proceedings, the nature of the contested facts, and the potential timelines for a resolution that could significantly re-rate the company's valuation. Key Discussion Points: Current Court Status: Nick explains the "evidentiary phase" of the court case, where parties are submitting contested facts and the judge is determining if independent experts are required to reach a final truth. The Indigenous Consultation Issue: A look into the central dispute regarding the proximity of indigenous groups; Nick clarifies that the nearest groups are 30km away, upstream, and separated by a mountain range, making any environmental impact scientifically impossible. Potential Outcomes: Discussion on the four possible paths forward - a direct judicial ruling, further expert examination, a judge-mandated negotiation, or an out-of-court settlement with the federal prosecutors. Project Value vs. Market Cap: A comparison of TriStar's current $110 million CAD market cap against the project's post-tax NPV of over $2 billion USD, highlighting the massive value gap created by these "artificial" legal delays.   Click here to visit the TriStar Gold website to learn more about the Company and Project.    Email me any follow up questions for Nick - 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 episode, we are joined by Rob Bruggeman, an experienced industry insider and equity analyst who recently launched The Wealthy Miner, a subscription-based research platform. Drawing on over 20 years of experience as an analyst and proprietary trader for major banks, Rob shares his unique analytical framework for identifying value in the resource sector. Rob explains his current preference for producers over early-stage explorers, citing the immediate benefits of rising metal prices and the risk of cost inflation for future developments. Key Discussion Points The Wealthy Miner Philosophy: Transitioning from a banking background to a disciplined research platform designed to provide an information advantage through rigorous analysis. Precious Metals Outlook: Why the current bull market in gold and silver remains intact, with the potential for gold to reach $10,000 as geopolitical and currency forces continue to align. Producers vs. Explorers: A deep dive into why near-term producers offer better risk-reward profiles today, as they have already "sunk" their costs and can capture immediate margins from high spot prices. Strategic Minerals and Copper: Assessing the long-term demand for copper driven by AI and electrification, and the specific criteria for identifying world-class copper porphyry discoveries. Stock Selection Criteria: How to differentiate between "lottery ticket" explorers and projects with legitimate potential for a "ten-bagger" return based on drill results and management execution.   Click here to visit The Wealthy Miner website - https://www.thewealthyminer.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 exploration update, we are joined by Greg McCunn, President and CEO of Great Pacific Gold (TSX.V: GPAC | OTCQX: GPGCF). Greg provides a comprehensive look at the company's recent drill results and the rapid expansion of their exploration targets within the Wild Dog structural corridor in Papua New Guinea. The discussion covers the transition of drilling efforts from the Sinivit target to the Kavasuki target, early visuals from the maiden program at Kasie Ridge, and the high-priority channel sampling results from the Morgan and Magiabe West areas. Key Discussion Points: High-Grade Success at Kavasuki: Analysis of the first drill hole which returned 58.9 meters at 2.5 g/t AuEq. The Wild Dog Corridor Strategy: Insight into the 1-kilometer undrilled gap between Sinivit and Kavasuki and the company's plan to test if these areas form one continuous high-grade system. Maiden Drilling at Kasie Ridge: An update on the second drill rig testing a never-before-drilled lithocap and porphyry target, where early holes have already visualized chalcopyrite. New Discoveries at Morgan and Magiabe West: Review of channel samples, including 19.3 meters at 4.1 g/t AuEq at the Morgan Vein and 8.0 meters at 18.12g/t AuEq at Magiabe West, significantly extending the known strike length of these systems. 2026 Exploration Outlook: A look at the company's $10 million working capital position and the systematic plan to utilize two rigs to build resources and test new pipeline targets through the remainder of the year.   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.

Brad Rourke, Executive Chairman of Scottie Resources Corp. (TSXV: SCOT) (OTCQB: SCTSF) (FSE: SR80), joins us to review the final drill results from the 2025 drill program at the Blueberry Contact Zone, and we look ahead to the fully-funded 50,000 metre 2026 Drill Program at the Scottie Gold Mine Project; located in the Golden Triangle of British Columbia.  Once all the data from both the 2025 and 2026 drill programs are analyzed, then an updated Resource Estimate and Feasibility Study will be released next year.   Brad has moved into the role of Executive Chairman, focused on strategic oversight, capital markets engagement, and corporate development initiatives. He has passed the leadership baton to Thomas Mumford, promoting him to CEO, as well as President. Mr. Rourke has been instrumental in assembling the Company's current management team and Board of Directors, attracting high quality investors and strategic partners such as Ocean Partners and Franco Nevada, which facilitated the discovery of the Blueberry Contact Zone, and securing funding for the Company's largest drill programs to date.   Dr. Thomas Mumford brings extensive experience in corporate strategy, capital markets, and resource project advancement, overseeing the Company's recent PEA and drilling execution strategies that have continued to advance and grow the Project while identifying future drill targets that may result in new discoveries. As CEO, he will lead the Company's operational execution, strategic planning, and stakeholder engagement.   Next we focused on the final assay results from the 2025 drill program that were announced over a few press releases in February, and which demonstrated continuity at Blueberry and district-scale upside across the property.  In 2025, Scottie completed its biggest drill season ever, drilling more than 27,300 metres across 126 holes. This included 17 specialized holes (2,300 metres) focused on ground stability and water studies important steps as the project advances toward potential future mine development.   The program delivered the best gold intercept ever recorded on the property, including 30.1 grams per tonne gold over 23.65 metres in drillhole # SR24-364.  Other recent headline holes returned 14.4 g/t Gold over 40.75 Metres in drillhole # SR25-483; 42.5 g/t Gold over 4.40 Metres in drillhole# SR25-381; 141 g/t Gold over 4.55 Metres in drillhole# SR25-470; and 54.6 g/t Gold over 7.05 Metres in drillhole # SR25-473.   Results from the season showed consistent high-grade gold throughout the project.   44% of holes hit more than 2 metres of 5+ g/t gold 30% of holes hit more than 2 metres of 10+ g/t gold 25% of holes hit more than 2 metres of 15+ g/t gold 20% of holes hit more than 2 metres of 20+ g/t gold 11% of holes hit more than 2 metres of 30+ g/t gold   Brad outlined the team at Scottie is now finalizing their interpretation of the 2025 assay results and will outline the 2026 exploration plans in the coming weeks for the 50,000 meter drill program focused on upgrading known ounces from inferred to indicated, as well as testing expansion targets like Wolf, P-Zone, C&D veins, and Domino.   After all the 2026 data comes in the Company will then update the Resource Estimate and complete the workstreams to announce the Feasibility Study.     If you have any questions for Thomas regarding Scottie Resources, then please email us at Fleck@kereport.com or  Shad@kereport.com.   In full disclosure, Shad is a shareholder of Scottie 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 Scottie 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.

Paul Jones, President of Versamet Royalties (TSX: VMET) (NASDAQ: VMET), joins me to review the key metrics from the record Q4 and FY2025 financials, and to provide an update on key assets ramping up into production, as well as development-stage assets with workstreams working towards eventual production.  We also look ahead to future mid-sized royalty and streaming transactions to continue growing, and discuss the benefits of the coming big board US exchange listing.   Q4 2025 Financial Highlights   Record revenue of $18.4 million, an increase of 465% over Q4 2024. Record attributable gold equivalent ounces1(“GEOs”) of 4,430, an increase of 260% over Q4 2024. Record operating cash flow before working capital changes2of $13.9 million, an increase of 1,126% over Q4 2024. Record net income of $15.1 million, an increase of 307% over Q4 2024. Record adjusted EBITDA3of $13.6 million, an increase of 862% over Q4 2024.   Full Year 2025 Financial Highlights   Record revenue of $34.8 million, an increase of 189% over 2024. Record GEOs1of 9,815, an increase of 94% over 2024. Record operating cash flow before working capital changes2of $24.7 million, an increase of 277% over 2024. Record net income of $20.3 million, an increase of 931% over 2024. Record adjusted EBITDA3of $23.0 million, an increase of 336% over 2024.   2025 Corporate Highlights Acquired a copper stream on Endeavour Silver's operating Kolpa mine in Peru. Listed on the TSX Venture Exchange and subsequently uplisted to the Toronto Stock Exchange. Acquired a significant silver stream on the operating Rosh Pinah Zinc mine in Namibia and a polymetallic royalty on the operating Santa Rita mine in Brazil, both operated by Appian Capital Advisory Limited (“Appian”). Welcomed Nemesia S.à.r.l., a private company controlled by the trusts of the Lundin Family, and Tether Investments S.A. de C.V. (“Tether”), as new shareholders of the Company. Received inaugural royalty and stream revenues from the Blackwater, Kolpa, Kiaka, Rosh Pinah, and Santa Rita mines.   Post Quarter Highlights Completed a C$142 million equity financing, adding several new institutional and retail shareholders. Completed a C$22 million private placement with Tether, and separately welcomed Gold Mountains Asset Management Limited, a subsidiary of Zijin Mining Group Co., Ltd., as a new shareholder of the Company. Listed on the TSX Venture Exchange and subsequently uplisted to the Toronto Stock Exchange. Fully repaid $80 million on the term loan and repaid $46 million on the revolving credit facility, reducing the amount drawn to $45 million as of March 12, 2026. Increased revolving credit facility capacity to $225 million, including a $25 million accordion option. Common shares commenced trading on the NASDAQ.     If you have any questions for Paul regarding Versamet Royalties, then please email those in to me at  Shad@kereport.com.     Click here to follow the latest news from Versamet Royalties     For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this daily editorial, we are joined by TG Watkins, Director of Stocks at Simpler Trading and Editor of The Profit Pilot. TG provides a deep dive into the technical setups defining the current market landscape, characterized by aggressive volatility and shifting geopolitical narratives. Key Discussion Points: Monetizing the Hedges: TG explains the recent "choppy" price action in the S&P 500, where large participants are cashing in puts on market drops, preventing a total crash while maintaining a downward bias. The Iran Conflict Impact: A look at how geopolitical tensions have driven market fear and how a potential de-escalation could trigger a massive "risk-on" rotation. Bottoming Signals in Specific Sectors: Why the Homebuilders (XHB) and Cryptocurrency markets may be signaling a short-term bottom despite broader market weakness. The Outlook for Commodities: An analysis of why Oil (USO) may be double-topping and why Gold (GDX) and Silver (SLV) might be due for a consolidation period as money rotates back into equities and tech. Key Stocks to Watch: Tactical commentary on leading names like NVIDIA (NVDA) and Tesla (TSLA) as barometers for overall market health.   Stocks and Symbols Mentioned: S&P 500 ($SPY), Homebuilders ($XHB, $NAIL), Oil ($USO), Gold ($GDX, $GDXJ), Silver ($SLV), Bitcoin ($BTC), Wolfspeed ($WOLF), Iren ($IREN), Cipher Mining ($CIFR), Hut 8 ($HUT), NVIDIA ($NVDA), Tesla ($TSLA).   Click here to visit the Simpler Trading website - https://www.simplertrading.com/ Click here to visit TG's site - Profit Pilot - https://www.profit-pilot.com/   -------------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this company update, we sit down with Charles Funk, President and CEO of Heliostar Metals (TSX-V: HSTR | OTCQX: HSTXF), to discuss the company's current gold current gold operations and exploration in Mexico. Following a 60% increase in production guidance, Charles details how the team is optimizing operations in Mexico and leveraging innovative techniques to maximize production at high gold prices. Key Discussion Points: Production Growth and Guidance: Charles explains how the company has lifted production to 50-55,000 ounces this year from its Sonora and Durango mines, with a clear organic path to reach 300,000 ounces and an ultimate goal of 500,000 ounces by the end of the decade. Innovation at La Colorada: A deep dive into the injection leaching process at the La Colorada leach pads, a low-cost method. Aggressive Exploration Strategy: With nine drill rigs currently turning, the company is focusing on feasibility drilling at Ana Paula while simultaneously seeking to extend the mine life at San Agustin. Strategic Asset Management: The reasoning behind the recent option agreement with Zacatecas Silver for non-core properties. Jurisdictional Outlook in Mexico: An honest conversation regarding the current operating environment in Mexico and why Heliostar remains committed to the region despite broader market concerns.   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.

[Recorded March 13th, 2026 – There is a technical glitch in Danie's display for the first 45 seconds and then it comes into the video]  —  Michael Rowley, President & CEO, Dr. Danie Grobler, Vice President of Exploration, and Justin Modroo, Project Geophysicist, of Stillwater Critical Minerals (TSX.V: PGE – OTCQB: PGEZF) provide different layers of input to this exclusive video roundtable with these 3 officers of the Company. We get a visual review the evolving geological understanding from the 2025 drill program, with key exploration initiatives on tap for 2026, and the value proposition at the Stillwater West Ni-PGE-Cu-Co + Au project in Montana.   Mike outlines that their Stillwater West Project is a very large polymetallic resource with a substantial copper inventory and the largest nickel project in an active U.S. mining district, in addition to palladium, platinum, rhodium, copper, cobalt, chromium, and gold; plus as yet unquantified amounts of ruthenium and iridium. Overall, Stillwater West is uniquely positioned to become a primary source of 10 commodities now listed as critical, given their location immediately adjacent to Sibanye-Stillwater's operating mine complex in Montana.   Danie shares an overview of the structural controls of the geological environment that hosts the mineralization, using the South African Bushveld Igneous Complex as analog, and how their five “Platreef-style” (or contact-type) Ni-Cu-Co-PGE+Au deposits may tie together in a larger sense.   He goes on to outline why their 2025 exploration initiatives were successful and shows the semi-massive to massive sulfides in the drill core, and in the assays that have been reported thus far.  He also shares how there are several mineralized events in the sulfides bringing in pockets of higher-grade polymetallic zones within the overall bulk tonnage type of deposit   Justin goes on to highlight what they are learning from the geophysical surveys over their district-scale land package, and why their team has high-confidence in the upcoming 2026 drill program, to keep stepping out along the parameters and character of this mineralized trend.   Highlights and upcoming catalysts:   The 2025 drill campaign is now complete, totaling 3,471m in eight holes, with all assays pending near-term release (the first 2 holes results were leased in news out today a few days after the recording of this interview) The updated MRE will incorporate 14 drill holes totaling 5,781 meters (“m”) from the 2023 and 2025 programs, plus select historic holes not included in the current estimate. The updated Mineral Resource Estimate is expected in the latter part of H1 2026, and it will mark the next step in advancing Stillwater West as a potential large-scale source of ten minerals listed as critical in the U.S. The update will build upon the January 25, 2023, Inferred Mineral Resource and results will support further technical studies and economic assessments. The work is being led by Mr. Timothy Kuhl (MTS) and Dr. Danie Grobler (Stillwater) who together previously worked with the late Dr. Harry Parker on the resource estimation and technical reports for Ivanhoe Mines' Platreef Mine.   To view the YouTube video of this discussion: https://youtu.be/LT1OhLVUPlQ   If you have any questions for the team at Stillwater Critical Minerals, then please email them into me at  Shad@kereport.com.   Click here to follow the latest news from Stillwater Critical Minerals   For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

As geopolitical tensions in the Middle East muddy the economic waters, market veterans Rick Bensignor and Dana Lyons dive deep into the technical "cracks" forming beneath the surface of the major indices. This week's discussion centers on a critical transition: moving away from overextended growth and the "Magnificent 7" toward defensive positioning, tactical cash reserves, and the long-term structural bull case for energy and select mining stocks. Segment 1 & 2 - In this podcast segment, Rick Bensignor, President of Bensignor Investment Strategies, discusses his tactical approach to the current "choppy" markets and why he has been raising cash in anticipation of a potential correction. He analyzes technical signals for the S&P 500, the implications of rising 10-year Treasury yields, and provides his outlook on the energy, precious metals, and cryptocurrency sectors. Click here to visit the In The Know Trader website - https://intheknowtrader.com/   Segment 3 & 4 - In this interview, Dana Lyons, a fund manager and editor of Lyons Share Pro, discusses current market volatility and his use of inverse ETFs to hedge against near-term risks in broad indexes. He also provides technical outlooks on various sectors, including a bullish long-term view on energy stocks and a cautious perspective on the precious metals complex. 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.  

Robert Sinn, (aka Goldfinger on CEO.ca and CeoTechnican on X) and publisher of Goldfinger Capital on YouTube and Substack, joins us for another wide-ranging discussion on the shifting sector sentiment, the technical outlook on gold, silver, copper, the fundamental valuations in producers and developers, thoughts on recent merger and acquisition deals, and the value propositions in 3 exploration stocks.   We start off unpacking the seasonality of the metals and mining stock prices from tax loss selling season, into the year-end Santa Claus rally, the blistering Q1 run higher in January, the post-VRIC correction and peak in investor sentiment late in that month, the February chop, and the PDAC curse and further corrective moves down in March.   Robert fields a few of our questions on how he is viewing the changes in valuations to the gold and silver stocks from last year into this year, and even from January peaks to recent corrective moves.  We opine what aspects are important with regards to contrast in PM producers margin expansion versus their more recent share price corrections Robert highlights a few P/NAV considerations for producers and developers, that have changed over the last year The discussion then shifts to why we aren't witnessing a bigger string of M&A transactions and why the valuations aren't higher? The conversation on gold stocks ranges from valuations in large producers like Newmont and Agnico Eagle down to quality developers like Banyan Gold (TSXV:BYN)(OTCQB:BYAGF) and best-in-class advanced explorers like Snowline Gold Corp. (TSX:SGD)(OTCQB:SNWGF). We also dissect the nuance around ounce-in-the-ground valuations, and the other criteria that can affect market perceptions, using the Fresnillo takeover of Probe Gold Inc. (TSX: PRB) (OTCQB: PROBF) as a case study.   Next we dive into the copper market, and how this is where we are actually seeing more merger and acquisition deals. Robert highlights the recent takeover of Arizona Sonoran Copper Company Inc. (TSX: ASCU; OTCQX: ASCUF) Cactus Project at all-time highs by Hudbay Minerals Inc. (TSX, NYSE: HBM) as the more ideal type of acquisition that we'd like to see more of in this space. We also note the Eldorado Gold acquisition of Foran Mining, and the Faraday Copper acquisition of BHP's San Manuel Project as 2 other recent copper M&A deals. He also highlights the lack of quality tier-1 gold and silver development projects, and that this may be why more of the senior gold producers are focused on getting strategic positions into copper assets.   With regards to the explorers, Robert is focused on exciting mineral belts that may host a string of new discoveries in US states like Idaho, Nevada, and Arizona or Canadian provinces like British Columbia or the Yukon. Robert highlights 3 explorers with compelling news catalysts on tap that have his attention this year in Kingfisher Metals Corp. (TSXV:KFR) OTCQB:KGFMF), StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF), and Hercules Metals Corp. (TSXV: BIG) (OTCQB: BADEF)   Wrapping up, Robert provides some best practices regarding navigating the trading volatility, when raise cash in one's portfolio, when to considering trimming or selling, and how to rotate funds based on fundamental or technical factors.   Follow Robert's analysis on Substack . https://ceo.ca/@goldfinger . Click here to follow Robert on X/Twitter . https://www.youtube.com/@GoldfingerCapital/videos   For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this episode, we welcome back Marc Chandler, Managing Partner at Bannockburn Global Forex and Editor of the Marc to Market website. Marc joins us to unpack the heavy impact of current geopolitical tensions on global markets, specifically focusing on the escalating conflict in Iran. We dive deep into how war is currently the primary fundamental driving market behavior, overshadowing even major domestic data like US GDP revisions.  Key Discussion Points: The Energy Inflation Formula: For every 10% increase in the price of oil, the PCE deflator typically sees a 0.2% boost. We discuss the massive 54% spike in WTI contracts over the last month and what that means for your wallet at the pump. Central Bank Pivot or Pause: Before the conflict, markets were pricing in multiple Fed rate cuts; now, the odds of a cut before the midterms have vanished, with some even anticipating potential hikes. The Dollar as a Safety Net: Why the US Dollar remains a "safe haven" during global unrest, fueled by market positioning adjustments and the liquidation of higher-risk assets like Mexican bonds. The Myth of Stagflation: Marc challenges the current stagflation narrative by comparing today's energy dependency to the 1970s, suggesting that while growth is slowing, we aren't seeing a repeat of the double-digit misery of the past. Global Interest Rate Swings: A look at how the Eurozone and UK have shifted from expecting rate cuts to bracing for hikes as inflation expectations become unanchored.   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.

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

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

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

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

In this update, I am joined by Tara Christie, President and CEO of Banyan Gold (TSX.V: BYN | OTCQB: BYAGF), to discuss a series of major milestones at the AurMac Gold Project in the Yukon. The conversation centers on Franco-Nevada's recent $52.2 million purchase of a pre-existing royalty on the project, as well as the progress of Banyan's fully funded 40,000-meter drill program. Key Discussion Points: Franco-Nevada Royalty Acquisition: Tara explains the implications of Franco-Nevada acquiring a 6% NSR (which Banyan can reduce to 1%) for $52.2 million, viewing it as a massive institutional validation of AurMac's long-term mine potential. The 2026 Drill Program: An overview of the 40,000+ meter campaign currently underway, focused on both resource infill and aggressive step-out drilling, as well as new target drilling across the project. High-Grade Consistency: Analysis of recent drill results from the Airstrip deposit, confirming predictable, high-grade mineralization exceeding 1 g/t gold in the project's early-year mining zones. Regional Exploration Upside: Insight into ten new regional targets across Banyan's 720 square kilometer land package. Upcoming Catalysts: A look ahead at the news flow for the remainder of 2026, including pending assay results, a Mineral Resource Estimate update in Q2, and the Preliminary Economic Assessment (PEA) slated for the second half of the year.   If you have any follow up questions for Tara please email me at 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

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

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

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

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

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

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

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

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

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

Tim Shearcroft,  CEO and Co-Founder of BP Silver Corp. (TSXV: BPAG), joins me for a review of some bonanza-grade final assay results from the remaining eight drill holes of its eleven-hole Phase I drill program at the Cosuño Silver Project in Bolivia. We discuss the follow up geophysics survey and goals of the Phase II exploration program. Additionally, the Company is working on finalizing the title at their Titiri Project, located in a major under-explored silver belt with Tier 1 discovery potential.   Phase I Highlights:   Drilling intersected multiple zones of high-grade silver mineralization at the Pocañita Chica target: Diamond Drill Hole # CO-0008 returned 5m @ 600.4 g/t silver, including 1m @ 1655 g/t silver; Diamond Drill Hole # CO-0009 returned 1m @ 526 g/t silver and 6m @ 147 g/t silver. The Program achieved its primary objective of confirming silver mineralization within the lithocap beneath surface geochemical anomalies, materially de-risking Cosuño. Silver mineralization was intersected in all four targets tested across an approximately 2.7 km NE-SW corridor, confirming the presence of a robust silver and polymetallic system which remains open for expansion along strike and at depth.   The Program successfully tested key zones along a 2.7 km structural trend, returning significant silver intercepts at the 4 targets tested to date (Figures 1 to 3):   Pocañita Chica – Broad mineralized envelopes with high-grade silver intervals hosted in hydrothermal breccias. Pocalleta – Structurally controlled vein mineralization confirming depth potential. Jalsuri – High-grade silver intercepts with gold 2.7 km northeast of Pocañita Chica, indicating district-scale continuity. Benhur – Additional silver mineralization along the same structural corridor.   Additionally, their team is working with the government to finalize obtaining the title to begin exploration on their Titiri Project.  Titiri was staked over a large land concession containing outcropping mineralization historically explored by ASARCO.  This Project contains a 2.5km-long silver-lead-zinc zone, with excellent historical trench results, that was never drilled. Titiri is a very High Priority structural setting at the intersection of several major crustal-scale faults, along which multiple deposits occur.  There is a MOU in place with local communities, and they'd like to get on the ground for exploration in mid-2026.     If you have any questions for Tim regarding BP Silver, then please email those into me at 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.

John Miniotis, President and CEO of AbraSilver Resource Corp (TSX: ABRA) (OTCQX: ABBRF), joins me to review the March 2nd news that announced its flagship Diablillos silver-gold project has been formally approved for inclusion under Argentina's Large Investment Incentive Regime ("RIGI").   We also discussed the upcoming catalysts of the updated Mineral Resource estimate (“MRE”), Definitive Feasibility Study (“DFS”), Environmental Impact Assessment (EIA) permit, and ongoing Phase 6 Exploration Program for the balance of 2026.   The RIGI approval was confirmed by Argentina's Minister of Economy, Luis Caputo, through his official X account on Friday February 27th. The official government resolution announcing RIGI approval for the Diablillos project is expected later in March.   RIGI is a federal investment framework designed to accelerate large-scale development projects in Argentina by providing long-term fiscal stability along with competitive tax, customs, and foreign-exchange benefits. Both Salta and Catamarca Provinces, where Diablillos is located, have opted into the regime. This RIGI approval substantially increases the project's economics, with around $1Billion in savings at current spot prices, and this provides increased certainty as Diablillos moves into its next phase of development and eventual construction.   John takes us through the busy year of catalysts the company has on tap, starting with all the drilling data from Phase V being compiled into an updated Resource Estimate that will come out in parallel with their Definitive Feasibility Study, which is due out in the 2nd quarter of 2026.  Additionally, the Company is awaiting their EIA permit, which will be the trigger for a construction decision later in the year.   John highlighted that ongoing detailed engineering work, procurement planning, and upgrades to existing infrastructure are also advancing in parallel to ensure construction readiness. Following receipt of the EIA, the Company intends to initiate early works in a phased and disciplined manner, while continuing to advance project financing to fund the mine build.   If you have any follow up questions for John regarding at AbraSilver, then please email them into me at 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.

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

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

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

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