The KE Report

John Darch, Chairman and Director, and Ken MacLeod, President and CEO of Sonoro Gold Corp. (TSXV: SGO | OTCQB: SMOFF | FRA: 23SP), both join me to review multiple milestones achieved and catalysts on tap transforming the value proposition for their flagship Cerro Caliche Gold Project, located in Sonoro State of Mexico.     John and Ken both outline the transformation that Sonoro Gold has gone through over the last year, with the updated Mineral Resource Estimate, and resources and Preliminary Economic Assessment (PEA), the very large increase in their overall land package from 1,800 hectares to almost 9,000 hectares in 2 recent acquisition transactions. Thes increased land concessions build Cerro Caliche into a larger-scale gold mining project with multiple major mineralized zones stretching from the Agnico Eagle Santa Gertrudis deposit to the north down all the way to the Highlander Silver Mercedes Mine to the southeast.   Next we got more details and initiatives around the commencement of the 50,000 meter drill program, which just got underway earlier this week.  The focus will be on growing the resources, extending the mine-life, and exploring many of the areas across their new land concessions.   The company is now taking a hybrid approach, growing through exploration across their expanded project footprint, while remaining very constructive on the future development and production set to begin upon receipt of their final MIA environmental permit in Mexico.   Updated PEA Highlights: Base Case Prices of $3,500/oz gold and $48/oz silver Pre-Tax net present value discounted at 8% (“NPV8”)of $360 million Pre-Tax Internal Rate of Return (“IRR”) of 65% After-Tax NPV8”of $224 million After-Tax IRR of 50% Spot Prices of $5,186/oz gold and $88/oz silver Pre-Tax NPV8of $846 million Pre-Tax IRR of 121% After-Tax NPV8”of $525 million After-Tax IRR of 91% Gold recovery of 72% and silver recovery of 27% 10-year LOM with 459 k ounces (“oz”) of gold equivalent (“AuEq”) LOM annual average production of 46 k oz AuEq at 0.38 g/t AuEq Initial CAPEX costs of $83 million, including $11 million in contingency Sustaining capital costs of $26 million AISC of $1,902/oz AuEq Payback period of 1.7 years   If you have questions for either John or  Ken regarding Sonoro Gold, then please email those into to me at [email protected].   Click here to follow the latest news on Sonoro Gold   For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned, and companies profiled may be sponsors of the KE Report.

In this Daily Editorial, we are joined by Jeff Christian, Managing Partner at the CPM Group, for a deep dive into the shifting dynamics of the precious metals markets. As gold and silver navigate wide trading ranges, Jeff provides a strategic outlook on price action, investment demand, and the fundamental drivers shaping the rest of the year. Key topics discussed in this episode include: Summer Consolidation and Plateaus: A look at why gold and silver are likely to trade sideways in a volatile fashion through August before a potential breakout in late Q3. Silver’s Outperformance: Analysis of silver’s recent move above key technical resistance levels and why it is currently leading the pack. The Shift from Futures to ETFs: Why institutional and retail investors are moving away from the futures market in favor of ETFs due to regulatory hurdles and ease of access. Platinum’s Multi-Year Bull Case: An overview of why the shift toward hybrid vehicles and supply constraints in South Africa could drive platinum prices higher through 2030. Gold as the Counter-Cyclical Hedge: Understanding gold's role as the premier "risk-off" asset and how a potential cooling in equity markets could trigger the next leg up.   Click here to visit the CPM Group website to learn more about the firm - https://cpmgroup.com/    ----------------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Company Update, we are joined by Steve Grey, President and CEO of Fox Tungsten (TSX.V: FOXT | OTC: HPYCF). Steve discusses the company’s flagship Fox Tungsten Project, in British Columbia, which currently hosts a high-grade tungsten resource. Following a rebranding and fresh capital injection, the company is moving into a summer drilling season aimed at significantly expanding its resource base. Key Discussion Points: World-Class Resource Grade: Steve explains the significance of their 1% tungsten grade. Infrastructure and Accessibility: An overview of the project’s location near 100 Mile House, featuring year-round road access and proximity to existing power lines. Summer Drill Program: Details on the upcoming 20,000-meter drill campaign designed to double the historical drilling and fill the gaps between known mineralized zones. Resource and Economics: A look at the company’s timeline for a resource update and Preliminary Economic Assessment (PEA) targeted for early 2027. Management and Financial Position: Steve shares his background with Rio Tinto and Kinross Gold, alongside the company’s $15 million cash position.   Click here to visit the Fox Tungsten website to learn more about the company and project - https://foxtungsten.com/    -------------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Company Update, we are joined by Caleb Stroup, President and CEO of Headwater Gold (CSE: HWG | OTCQX: HWAUF). Following a busy period of exploration, Caleb provides a comprehensive update on the company’s recent activities across its Nevada-focused gold portfolio, highlighting the start of new drill programs and the progress of strategic partnerships.   Key Discussion Points: Jake Creek Drill Program: Caleb discusses the commencement of an 8 to 10 hole drill program at the Jake Creek project, a partnership with OceanaGold aimed at following up on historic high-grade intercepts. Lodestar Project Update: An overview of the recent scout drilling results at the Lodestar project in partnership with Newmont, specifically focusing on the newly discovered Meridian alteration zone. Upcoming IP Geophysics at Lodestar: Details on the planned Induced Polarization (IP) survey designed to further define the high-sulfide alteration zones at depth before the next phase of drilling. Strategic Land Expansion: Caleb explains the rationale behind the recent staking of additional claims to the north of Jake Creek to capture the full extent of the prospective mineralized trends.   Please email your questions for Caleb to us at [email protected] and [email protected].    Click here to visit the Headwater Gold website to read over the recent news - https://headwatergold.com/    ----------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Company Update, I sit down with Charles Funk, President and CEO of Heliostar Metals (TSX.V: HSTR | OTCQX: HSTXF), to focus on the Q1 2026 earnings released yesterday. Charles provides a deep dive into the company's operations, record gold production, and the roadmap for its flagship Ana Paula project. Key Discussion Points: Record-Breaking Q1 Financials: An overview of the record gold production and mine operating earnings reported on May 12. Growth at San Agustin and La Colorada: A breakdown of how restarting production and implementing innovative leaching techniques have driven down costs while increasing output. The High-Grade Opportunity at Ana Paula: Discussion on the latest drill results and the management reorganization designed to fast-track this project toward becoming a major Mexican gold mine. Strategic Acquisition of Goldstrike: Insight into how the recent Goldstrike acquisition fits into the broader portfolio and the company's dual pathway for monetizing or developing this asset. Financial Position and Growth Outlook: A look at Heliostar's robust working capital and how the company is balancing aggressive exploration with cash preservation.   Please email me at [email protected] with any follow up questions for the team at Heliostar Metals.    Click here to visit the Heliostar Metals website to learn more about the Company - https://www.heliostarmetals.com/   ----------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

[We had some technical challenges with Dave's audio, and cleaned it up as good as possible, but felt the content was so relevant that it was important to get it out to KER listeners]    In this Daily Editorial, we are joined by Dave Erfle, Founder and Editor of Junior Miner Junky, to discuss some fundamental and technical investing insights around the recent pop higher in the precious metals sector.   Gold, silver, and the PM stocks have been moving up the last 2 weeks, and copper has been trading up at all-time highs the last few trading sessions.   Dave reviews the macroeconomic factors moving the larger markets but balances out the longer-range trends with some more near-term technical levels he is watching.  He also provides some fundamental insights into some of the stocks held in the JMJ portfolio, and how he is managing this current environment.    Key discussion points include:   Macro Market Movers and Geopolitics: He discusses the soaring oil and gas prices and global food scarcity due to the war in the Middle East and continued closure of the Strait of Hormuz as factors creating uncertainty in the markets. However, Dave points out that none of the fundamental drivers behind gold’s ascent have changed, from sovereign debt to central bank buying, and lack of open interest in the COT. Technical Outlook on Gold and Silver:  The precious metals have been stuck in rangebound trading and a consolidation for the last 7 weeks, and he feels it would be healthy to see things consolidate a bit longer, to build the energy to really move higher.  Dave would like to see gold break out above $4,900 and for silver to break decisively above $90 to get more confident that this consolidation phase has run its course. The Gold Miners Bullish Percentage Index: Dave has pointed out the last few weeks that when the (BPGDM) got down to an 11 reading in late April that this demonstrated how oversold the gold miners were getting, and so a rally higher seemed quite probable.  Now that this has played out, he is looking for more traction and technical confirmation signals in the mining stocks. Key Moving Averages for GDX and GDXJ: The key technical level Dave is watching on the precious metals ETF charts is the 18-week moving average; which has recently acted as overhead resistance.  Pricing in GDX, GDXJ, SIL, SILJ have just recently moved above this level, but his preference would be to see pricing come down to test it the 18-week SMA as support that holds to signal that the next leg higher is on stronger footing. Precious Metals Stocks Breaking Out Of March Consolidation Patterns: Dave points to precious metals stocks that have had strong fundamental newsflow as seeing corresponding outperformance, based on their company catalysts. He flagged the strong performance over the last couple months coming out of the March consolidations in JMJ portfolio stocks like AbraSilver Resource Corp. (TSX: ABRA) (OTCQX: ABBRF), Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF), Maple Gold Mines Ltd. (TSXV: MGM) (OTCQX: MGMLF), Thesis Gold & Silver Inc. (TSXV: TAU) (OTCQX: THSGF). Bull Market Playbook and Portfolio Strategies: Dave outlines his systematic rules-based approach to trimming partial positions in portfolio positions that have moved up multiplefold to redeploy those gains into new positions; flagging the rebalancing approach in Montage Gold Corp. (TSX: MAU, OTCQX: MAUTF) as an example. Direct and Indirect Copper Exposure:  Dave has indirect exposure to copper exploration in some of the aforementioned precious metals companies like AbraSilver Resource and Thesis Gold & Silver, but also pointed out the big win he and his subscribers just realized in direct copper exploration success through Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF); which is currently being acquired by Hudbay Minerals Inc. (TSX: HBM, NYSE: HBM).   He is monitoring a few copper developer names on his watchlist for accretive entry points which he will communicate with his subscribers.   Click here to visit the Junior Miner Junky website to learn more about Dave’s investment letter – https://www.juniorminerjunky.com/     For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned, and companies profiled may be sponsors of the KE Report.

Jordan Rusche, Founder of Mining Stock Monkey, joins us for an in-depth and nuanced discussion around key metrics and trends in Q1 earnings reports from the gold and silver producers and PM royalty companies; along with which companies he is actively trading in his portfolio.    We start out getting Jordan’s perspectives from this Q1 earnings season in the PM producers, touching upon initiatives around paying down debt, share buybacks, and dividends.  We counterbalance those trends with how companies are also investing in growth through mergers and acquisitions. We discuss some general takeaways in the earnings reports from how the majors are managing increasing costs from higher fuel costs to labor to sustaining capital in Newmont Corporation (NYSE: NEM, ASX: NEM, PNGX: NEM), Barrick Mining Corporation (NYSE:B)(TSX:ABX), and Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) . We check in on the positive market reaction in the Q1 report from B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G), but Jordan also couches the enthusiasm with the fundamental factors pointing to the potential for rising AISC figures for the balance of this year. Jordan breaks down why Agnico Eagle paid a premium for Rupert Resources Ltd (TSX: RUP) (OTCQX: RUPRF) (FSE:R05), in the recent acquisition of their project in Finland. Next we shifted over to the record revenues witnessed in Q1 earnings reports from the royalty and streaming companies.  While revenues are up in a big way, that is not typically been from growing gold equivalent ounces (GEOs).  Jordan highlights the longer-term investing thesis required to realize the growth potential in production metrics in a company like Royal Gold, Inc. (NASDAQ: RGLD). Sticking with royalty companies, Jordan highlights the strong copper exposure and future growth on tap across multiple commodities in Elemental Royalty Corporation (TSXV: ELE) (NASDAQ: ELE).      Get 25% off Mining Stock Monkey VIP. {Limited to 10 sign ups}: https://miningstockmonkey.com/products/vip?promo=KE25MAY     Sign up for Jordan’s free “Silverback Letter” here: https://miningstockmonkey.substack.com     For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned, and companies profiled may be sponsors of the KE Report.

Terry Lynch, CEO of Power Metallic Mines (TSX.V: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV), joins me for another exploration update catching us up on multiple news releases from the Lion Zone as part of their fully funded 100,000-meter drill program at the polymetallic NISK Project in Quebec.  We also discuss all the pending results still at the assay lab, other key regional exploration targets of interest for 2026 drilling, and the various technology being deployed behind their drill targeting.   Additional drill holes continued to add and refine the high-grade Lion Zone ahead of the 2026 Mineral Resource Estimate (MRE). The infill drill holes in this release cover approximately 560 m down plunge extent from the core of the Lion Zone (PML-26-095) to central southwestern Lion area (PML-26-069) (Figure 1). These holes highlight both the robust near surface mineralization as well as returning the deepest high-grade intercept at Lion. These holes will be incorporated into future mineral resource estimates and highlight the potential for open pit development.   Drill hole PML-26-095 which intersected the interpreted core of the Lion Zone with wide intersections of high-grade copper near surface with 22.00 m @ 11.46% CuEqRec including 6.50 m @ 18.59% CuEqRec and including 4.00 m @18.62% CuEqRec   Drill hole PML-26-094 which intersected the interpreted core of the Lion Zone and adds further support to wide intersections of high-grade copper near surface with 17.45 m @ 9.47% CuEqRec1 including 6.30 m @ 17.91% CuEqRec.   Drill hole PML-26-101 tested the zone approximately 100 m east of PML-26-094 at a slightly deeper vertical depth and contained high grade over a very wide intersection with 39.00 m @ 5.66% CuEqRec1 including 9.20 m @ 15.18% CuEqRec1.   The exploration team will be back to drilling again in June with six-rig drill program focused on expanding the mineralized around the Lion Zone both stepping out looking for other broad mineralized zones, and also testing the depth testing the potential “Elephant Zone,” at the Tiger Deep Zone and  at Lion West. Additionally, new polymetallic targets are being tested in fan holes at the Hydro Fold-Hinge Zone, which will utilize borehole EM technology.  There will also be the utilization of Muon tomography interpreting cosmic rays through rock density to focus on broad mineralized potential in the 5km corridor and “Gap Area” between Lion and NISK Main.    There are still about 7,000 meters of core being processed at the lab, from 30 holes drilled, with a steady string of drill results coming back in over the next few months. All the drilling data through April will be added to prior results into a new Mineral Resource Estimate update due out in July. Then 30,000+ additional meters that will be drilled throughout 2026, starting up again in June There will be initial economics around the project released in a PEA targeted by year-end in December.      If you have any questions for Terry regarding Power Metallic Mines, then please email them into me at [email protected].   * In full disclosure, Shad is a shareholder of Power Metallic Mines at the time of this recording, and may choose to buy or sell shares at any time.     For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned, and companies profiled may be sponsors of the KE Report.

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

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

In this Daily Editorial, I am joined by Marc Chandler, Managing Partner at Bannockburn Global Forex and Editor of the Marc to Market blog. Marc provides a comprehensive breakdown of recent global economics data, central bank policies, and market trends. Key discussion points include: US Economic Bifurcation: A look at why the US economy is showing robust jobs data and high growth tracking while consumer sentiment plunges to record lows. The Geopolitical Risk Premium: Assessing the impact of the US-Iran war on oil prices and whether markets are prematurely pricing in an end to the conflict. International Divergence: Marc analyzes the "insult to injury" data coming out of Germany and the suspicious timing of the Bank of Japan’s recent currency interventions. The Global AI Buildout: Why the semiconductor and data center surge is fueling unprecedented weekly gains in Asian equity markets like the KOSPI and TAIEX. Emerging Market Spotlight: An exploration of why Vietnam is positioned to be a major winner as global supply chains shift away from China.   Click here to visit Marc’s site - Marc To Market - https://www.marctomarket.com/   ----------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

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

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

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

In this Company Update, I chat with Patrick Highsmith, Chairman and Co-Founder of Firefox Gold (TSXV: FFOX | OTCQB: FFOXF | FSE: FIY), to discuss the latest assay results from the Mustajärvi Project in Finland. This interview breaks down the recently reported drill holes from the 2025 and 2026 programs, highlighting the expansion of known gold zones and the testing of new exploration targets. Key discussion points include: Expanding the Northeast Zone: Patrick details the significance of hole 26MJ005, which returned a high-grade intercept (11.0 metres at 4.9 g/t gold) and suggests the zone is growing into a more substantial mineralized body at depth. Exploring the "Gap Zone": The team is now targeting the undrilled area between the East and Northeast zones. Regional Exploration Progress: An overview of the 2025 drill holes from the West and Gabbro targets. 2026 Resource Estimate Strategy: Insights into the upcoming work program, including the potential addition of a second drill rig to accelerate the path toward a maiden mineral resource estimate later this year.   Any further questions for Patrick? Email me at [email protected].   Click here to visit the FireFox Gold website to learn more about the Company.  https://www.firefoxgold.com/   ------------------ For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Company Update, we are joined by Garrett Ainsworth, President and CEO of District Metals (TSXV: DMX | OTCQB: DMXCF | Nasdaq First North: DMX). Garrett the company’s recent $10million financing and the recent announcement regarding the Geological Survey of Sweden (SGU) designating the Häggån Alum Shale Deposit as a Deposit of National Interest. Key Discussion Points: Strategic $10M Financing: Garrett explains the decision to raise capital now, despite a strong treasury, and how this "no-warrant" financing protects the company against market volatility. National Interest Designations: A look at the Geological Survey of Sweden’s (SGU) proposal to designate the neighboring Häggån deposit as a "Deposit of National Interest" and what this potentially means for District’s Viken property. Upcoming Milestones at Viken: An overview of the upcoming Preliminary Economic Assessment (PEA) and Economic Impact Study, alongside plans for summer drill programs and airborne surveys across their Alum Shale and polymetallic properties.   If you have any follow up questions for Garrett please email me at [email protected].   Click here to visit the District Metals website to learn more about the Company - https://www.districtmetals.com/   ---------------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Company Update, we are joined by Greg McCunn, President and CEO of Great Pacific Gold (TSX.V: GPAC | OTCQX: GPGCF), to discuss the latest exploration developments at the Wild Dog property in Papua New Guinea. Following the release of results from Hole 5, Greg provides essential context on the geological structures being uncovered and what the upcoming drill program signals for the Kavasuki area and beyond. Key Discussion Points: Analysis of Hole 5 Results: An exploration of the recent drill data and how the identified lower-grade halo relates to the high-grade hits seen in previous holes. Identifying the Fault Offset: Understanding the geological fault that has shifted the mineralized structure and how the company is using Hole 6 and Hole 7 to track the high-grade core. The Kavasuki Expansion Plan: Details on the further 900 meters of drilling designed to test the strike length and depth of the Kavasuki system. High-Priority Regional Targets: A look ahead at upcoming work on the Morgan, Mangmut, and Magiabie veins as part of the broader Wild Dog corridor strategy. Projected Exploration Timeline: Greg outlines the drilling schedule for the remainder of 2026, including the status of the blue-sky potential at Kasie Ridge.   If you have any follow up questions for Greg please me at [email protected].    Click here to visit the Great Pacific Gold website - https://gpacgold.com/   -------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Company Update, we sit down with Caleb Stroup, President and CEO of Headwater Gold (CSE: HWG | OTCQX: HWAUF), to discuss the latest exploration milestones from their Nevada portfolio. The conversation focuses on the high-grade results coming out of the TJ Project and the company’s strategy for scaling its district-scale assets. Interview Highlights High-Grade Gold at TJ: Caleb breaks down the significance of hitting the highest gold grades encountered to date at the TJ Project and what the increasing vein widths at depth suggest about the system. Strategic Land Expansion: Following the success of the first drill program, the company has increased its land position by 88% to capture the full potential of the epithermal system. New Acquisition at Jupiter: An overview of the newly staked Jupiter Project in the Walker Lane belt, featuring a massive five-by-eight kilometer alteration footprint. The Hybrid Exploration Model: Insight into how Headwater manages a dozen high-quality projects, balancing 100%-owned assets with major earn-in agreements funded by industry giants like OceanaGold and Newmont. Future Catalyst Pipeline: A look ahead at the upcoming geophysical surveys and drilling plans designed to refine targets across their newly expanded Nevada footprint.   Please email your questions for Caleb to us at [email protected] and [email protected].    Click here to visit the Headwater Gold website to read over the recent news - https://headwatergold.com/    ---------------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Company Update, I sit down with Vincent Metcalf, CEO of Pecoy Copper (TSX.V: PCU | OTCQB: PCUUF), to discuss the company’s aggressive 2026 exploration strategy in Southern Peru. With a massive 40,000 meter drill program underway, Vincent outlines how Pecoy is consolidating historical data to transform two separate assets into a world-class copper district. Key discussion points: District Consolidation and Strategic Vision: How Pecoy successfully unified a fractured land package for the first time in 15 years to unlock the full potential of the Pecoy and Tororume projects. 35,000-Meter Drill Campaign At Pecoy: An overview of the current exploration at the Pecoy deposit, aimed at testing deep sulfide potential and converting historical "waste" zones into high-grade resources. The Tororume Discovery Potential: This earlier stage asset, located just 8km from Pecoy, shows a geological footprint three times larger than its neighbor. Infrastructure and Logistics Advantages: A look at the project's location, featuring low elevation, proximity to major ports, and year-round access that significantly lowers operational costs. Strong Capital Position and Market Support: Vincent details the company’s healthy cash balance and the growing list of major institutional analysts now covering the stock.   Please email me with any follow up questions for Vincent. My email address is [email protected]   Click here to visit the Pecoy Copper website - https://www.pecoycopper.com/   ----------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Alex Langer, President and CEO of Sierra Madre Gold And Silver (TSXV: SM) (OTCQX: SMDRF), joins me to provide an operations and financial update La Guitarra silver-gold mine complex in Mexico, which includes 3 producing mines:  La Guitarra, Coloso, and Nazareno.   We also discuss the increase to 30,000 meters of drilling across the La Guitarra property, and an increase to 50,000 meters of drilling at the Del Toro property starting once the transaction closes in the near future; for a total of 80,000 meters of drilling on tap across all properties.   Full Year 2025 Highlights   Revenues: Gross silver revenues for 2025 totaled $10.68 million ($39.37 per ounce) and gross gold revenues totaled $13.77 million ($3,407 per ounce). Sales: During 2025, the Company sold 271,204 ounces of silver ("Ag") and 4,041 ounces of gold ("Au") or 628,196 silver equivalent ("AgEq") ounces, based on the ratio of Au and Ag prices realized for each shipment in the year. Cash Costs: For 2025, cash costs were $27.90 per AgEq ounce sold Net Income: Net income was $8.13 million or $0.05 per share for 2025. Included in net income for 2025 is a $6.1 million income tax recovery. Cash from Operations: The Company generated $4.09 million of cash from operating activities in 2025. Adjusted EBITDA increased to $6.03 million for 2025 Cash and cash equivalents and short-term investments at December 31, 2025 totalled $17.3 million. Del Toro Acquisition and Financing: In December 2025, the Company announced its intention to acquire the Del Toro silver mine from First Majestic Silver Corp. and complete a concurrent financing, which subsequently closed in escrow for gross proceeds of CAD$57.5 million. La Guitarra Expansion: As announced on September 8, 2025, the Company has initiated a plan to expand production capacity at Guitarra in a two-phase program, with the first phase anticipated for completion by the end of Q2 2026, with the aim to increase name plate capacity from 500 tonnes per day ("tpd") to a range of 750 tpd - 800 tpd and the second phase anticipated for completion by Q3 2027, with the aim of increasing the capacity to a range of 1,200 tpd - 1,500 tpd at La Guitarra. Closed C$19.5M Private Placement: In July 2025, the Company closed a C$19.5 million brokered private placement. The key participants in the financing were Franklin Templeton, Eric Sprott and Commodity Capital, with strong participation by the management of the Company. First Majestic Loan Payment: On February 5, 2026, the Company made a principal payment of $2.5 million on the $5 million senior secured project financing loan with First Majestic. Sierra Madre Named as a 2026 Top 50 Company by the TSX Venture Exchange: As announced on February 18, 2026, Sierra Madre was named a 2026 TSX Venture Top 50 Company, recognized for its 264% share price appreciation and 342% market cap growth in 2025.   The first stage of the expansion currently underway at the La Guitarra plant will increase production rates from the current 500 tonnes per day (“tpd”) to 750 tpd to 800 tpd of processing capacity; with a goal to get that completed by June or July of this summer. Processing plant and tailings handling upgrades and equipment purchases for the planned production expansion have been underway and are mostly installed.  Once the first stage of the expansion is completed, the planned second phase would increase processing capacity to a range of 1,200 tpd to 1,500 tpd by Q3 2027; essentially doubling production capacity once again.   Beyond the production growth, we also focus on the substantial exploration programs planned for the 2nd half of this year both district-scale land packages.   There are 30,000 meters of drilling planned at the La Guitarra complex; and Alex points out that having their own assay lab should allow the company to quickly react to incoming assays at La Guitarra, going from 20 holes, to 40 holes, and then eventually 80 holes. After the acquisition transaction closes on the Del Toro Silver Mine complex in the Chalchihuites District in Mexico from First Majestic Silver Corp., then there is a 50,000 meter drill program on tap. The goal of this program will be testing a number of high-priority targets and growing existing resources to extend the mine life for when a restart decision is made on these 3 mines and the 3,000 tpd plant.       If you have any questions for Alex regarding Sierra Madre Gold and Silver, then please email them to me at either [email protected].   In full disclosure, Shad is a shareholder of Sierra Madre Gold and Silver and may choose to buy or sell shares at any time.   Click here to follow along with the latest news from Sierra Madre Gold & Silver   For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned, and companies profiled may be sponsors of the KE Report.  

In this KE Report Company Update, I am joined by Mike Spreadborough, the Executive Co-Chairman of Novo Resources (TSX: NVO; ASX: NVO; OTCQX: NSRF), for an in-depth exploration update. Mike provides a detailed overview of the company's diverse portfolio, highlighting the strategic shifts and new leadership driving their upcoming exploration programs. Key Discussion Points: New Leadership in Exploration: Introducing Rohan Williams, the recently appointed General Manager of Exploration, and his extensive background in the gold and copper sectors. The Pilbara Exploration Strategy: A focus on the high-priority programs scheduled for the second quarter, totalling 10,500 meters of drilling. Wyloo Project Highlights: An overview of the initial 2,500 meter RC drilling program, targeting significant surface anomalies of silver, copper, and gold. Expansion Across Projects: Insights into the planned drilling activities at the Cronus, and Balla Balla, including the long-term outlook for these sites. Victorian and New South Wales Ventures: Updates on the Belltopper project in Victoria and the Tibooburra project in New South Wales.   Please email me with any follow up questions for Mike and the team at Novo Resources. My email address is [email protected].     Click here to visit the Novo Resources website to learn more about all the projects and exploration programs.    ----------------------------- For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/   Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Daily Editorial from the KE Report, we welcome Howard Klein and Matt Fernley, partners at RK Equity, for an in-depth conversation about the rapidly shifting landscape of critical minerals. The discussion focuses on the strategic importance of various minerals, the influence of international policy, specifically from the U.S. and China, and the importance of technical processing in the valuation of equity. Key Discussion Points: The Evolution of RK Equity: An overview of the firm’s 24-year history, starting with traditional commodities like gold and copper before becoming early leaders in the lithium and battery material sectors. Emerging Critical Minerals: Insights into why the market is expanding beyond lithium to include essential high-tech and defense metals such as antimony, rare earths, and high-purity phosphate. The High-Tech Supercycle: Exploration of how underinvestment in minor metals, combined with the rising demands of AI, data centers, and grid infrastructure, is fueling a potential long-term secular trend. Geopolitics and Policy Shifts: Analysis of how U.S. legislative actions like the Inflation Reduction Act (IRA) and shifting relations with China are fundamentally altering global mineral supply chains. Investment Strategy and Risk: Expert advice on evaluating mining stocks at various stages of development, with a focus on management quality, resource grade, and the complexities of mineral processing.   Click the following links to keep up to speed with Howard and Matt:  RK Equity website - https://rkequity.com/  Rock Stock YouTube channel - https://www.youtube.com/watch?v=UchoS9EZvak  Howard Klein on X @LithiumIonBull - https://x.com/LithiumIonBull Matt Fernley on X  @matt_fernley - https://x.com/matt_fernley    -------------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad’s resource market commentary: https://excelsiorprosperity.substack.com/   Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Company Update I sit down with Martin Turenne, President and CEO of FPX Nickel  (TSX-V: FPX - OTCQB: FPOCF), to discuss the BC government’s designation of the Baptiste Nickel Project as a Major Priority Project. Located in central British Columbia, Baptiste is one of the world's largest undeveloped nickel deposits.  Interview Highlights Strategic Priority Designation: Discover the significance of the BC government identifying the Baptiste Project as a Major Priority Project and what this means for the environmental assessment (EA) process. Streamlined Permitting Timelines: Learn how the Critical Minerals Office is working to shorten the typical 5-year permitting window, aiming for a more efficient four-year path to the Final Investment Decision (FID). Confidence from Strategic Investors: Insights into why major mining players, including the likes of Sumitomo Metal Mining, Stelco, and Outokumpu, are doubling down on BC’s mining jurisdiction. Global Exploration Alliance: An update on the generative alliance with JOGMEC, including promising new high-grade discoveries at the Advocate Project in Newfoundland. The Looming Nickel Deficit: Why supply curtailments in Indonesia and rising structural costs are creating a perfect storm for a significant nickel price breakout.   If you have any follow up questions for Martin please email me at [email protected].   Click here to visit the FPX Nickel website and learn more about the Company and Project.   ----------------------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Company Update, we are joined by Mike Burke, Director and VP of Corporate Development at Sitka Gold (TSX.V: SIG | OTCQB: SITKF). Mike provides an in-depth look at the company’s 60,000-meter drill program currently underway at the RC Gold Project in the Yukon. Mike discusses the initial visual results from the Blackjack and Rhosgobel deposits, highlighting the presence of visible gold and metallurgical recoveries for both Gold and Tungsten.   Key Discussion Points: 2024 Drill Program Overview: Mike shares details on the progression of the 60,000-meter program and what the current four-drill setup means for the season's timeline. Visual Gold and Mineralization: Get insights into the visual indicators found in the early drill cores, including the presence of visible gold and scheelite. Expanding the Resource Potential: Mike explains how the current drilling aims to test the expansion of open-pit resources and explore the potential for high-grade underground operations.  Outstanding Metallurgical Recoveries: Insights into the recent lab results showing 94.3% gold recovery and 84.7% tungsten recovery from the Rhosgobel deposit. Upcoming Milestones: What investors can expect in the coming months, including the first batch of assay results anticipated in May.   If you have any follow up questions for the team at Sitka Gold please email me at [email protected].    Click here visit the Sitka Gold website to learn more about the Company - https://sitkagoldcorp.com/   ------------------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to review the value proposition that has his attention from recent corporate news and strategies from 3 silver, copper, and gold explorers that have recently press-released significant company milestones.   The companies we discussed in the interview are:   * Silver Bow Mining Corp. (NYSE American: SBMT) – On May 4, 2026 the Company announced that surface drilling has commenced at the Company's Rainbow Block Project in the Butte Mining District of Montana, marking the launch of its 2026 exploration program.   The 2026 program is designed to advance the Company's understanding of mineralization across the Rainbow Block and to support ongoing evaluation of priority silver, gold, zinc, and lead targets. The surface drill program is expected to include approximately 25,000 feet of drilling on Company private lands and test areas adjacent to the Company's previously announced Inferred Mineral Resource Estimate of approximately 170 million silver equivalent ounces at 14.8 oz/ton (or 4.28 oz/ton Ag, 0.05 oz/ton Au, 1.25% Pb, and 4.59% Zn).   * Barksdale Resources Corp. (TSXV: BRO) (OTCQB: BRKCF) (FSE: 2NZ) – On May 4, 2026 the Company announced assay results from the first four holes of the 2026 reverse circulation drill program on its flagship Sunnyside Project located in Arizona, USA. Assay results show several broad areas of shallow, high-grade copper-zinc-silver mineralization hosted within the Sunnyside Monzonite Porphyry.   Highlights include:   0.45% Cu over 392.19m from 3.05m to 396.24m in hole SUN26-002R including: 0.90% Cu over 60.96m from 173.74m to 234.70m 0.93% Cu over 60.96m from 265.18m to 326.14m Hole ended in mineralization 0.29% Cu over 454.15m from 3.05m to 457.20m in hole SUN26-001R including: 0.95% Cu over 39.63m from 248.41m to 288.04m Hole ended in mineralization   * Headwater Gold Inc. (CSE: HWG) (OTCQX: HWAUF) - On April 28, 2026, the Company announced results from the recent core drilling program at its TJ Project in Elko County, Nevada. The program was fully funded by OceanaGold Corporation (TSX: OGC, NYSE: OGC) pursuant to the earn-in agreement announced October 15, 2025.   Highlights: Highest gold grades to date: Core drilling returned grades up to 5.61 grams per tonne gold (“g/t Au”), confirming the presence of a high-grade epithermal vein system below the surface sinter.  Large, dynamic hydrothermal system confirmed: Drilling intersected 100 m thick hydrothermal breccia intervals, syn-mineral intrusions and multiple phases of epithermal veining across more than 500 metres of strike length. System open and expanding: Drilling has tested only a small portion of the system, but mineralization remains open at depth and along strike. The Company recently expanded the TJ land position by 88% (to 1,990 hectares) to cover the prospective northern continuation of the TJ graben.       * In full disclosure, some companies mentioned by Erik in this interview, are positions held in his personal portfolio, and also may be site sponsors of The Hedgeless Horseman website at the time of this recording.   Click here to follow Erik’s analysis over at The Hedgeless Horseman website   For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned, and companies profiled may be sponsors of the KE Report.

In this episode of the KE Report, we sit down with TG Watkins, Director of Stocks at Simpler Trading and Editor of The Profit Pilot. As the "Magnificent Seven" and semiconductor giants show signs of being overbought, TG identifies a significant rotation of capital into previously overlooked sectors. From the resilience of small caps to the surprising strength in software and critical minerals, this discussion outlines where the smart money is moving as the primary indices test all-time highs. Key Discussion Points: The Post-Earnings Rotation: Why the S&P 500 and Nasdaq leaders might be due for "backing and filling" while the rest of the market catches fire. Software’s AI Redemption: A look at how Wall Street’s fear of AI disrupting software companies may have been overblown, creating a massive "double bottom" buying opportunity. Crypto and Bitcoin Support: Analyzing the major historical levels that suggest Bitcoin and Ethereum have found a definitive floor. The Energy-AI Nexus: Exploring the shift from Bitcoin mining to AI data center power generation and its impact on energy stocks. Critical Minerals and Uranium Momentum: Why technical flags in Uranium and Lithium suggest the commodity super-cycle is far from over. Precious Metals Outlook: Determining if the current pullback in Gold and Silver is a healthy consolidation or the start of a deeper trend change.   Stocks & Symbols Mentioned: S&P 500 (SPX), Nasdaq (IXIC), S&P 500 Equal Weight (RSP), Russell 2000 (IWM), Semiconductors (SMH), Bloom Energy (BE), Coinbase (COIN), Tesla (TSLA), Uvance (UAMY), USA Rare Earth (USAR), Critical Metals (CRML), Software ETF (IGV), ServiceNow (NOW), B. Riley Financial (RILY), Microsoft (MSFT), MicroStrategy (MSTR), Bitfarms (BITF), Cipher Mining (CIFR), Hut 8 (HUT), TeraWulf (WULF), Uranium ETF (URA), Albemarle (ALB), Sigma Lithium (SGML), Gold ETF (GLD), Silver ETF (SLV), Gold Miners (GDX), Junior Gold Miners (GDXJ).   Click here to visit the Simpler Trading website - https://www.simplertrading.com/   Click here to visit TG’s site - Profit Pilot - https://www.profit-pilot.com/   For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Weekend Show, we dive deep into the current forces shaping the precious metals sector and the global macro economy. From the "hawkish hold" of central banks to the surprising resilience of the US economy and earnings growth, our guests break down what investors need to know to navigate the current volatility.  Segment 1 & 2 - Dave Erfle, the founder and editor of the Junior Miner Junky, evaluates the current downturn in precious metals markets as a technically sound correction and encourages strategic accumulation in high-quality junior mining stocks. Dave specifically discusses the strength of central bank gold buying, the impact of high energy costs on major miners, and recent M&A activity involving companies like Agnico Eagle and G2 Goldfields.  Click here to visit the Junior Miner Junky website to learn more about Dave’s investment letter - https://www.juniorminerjunky.com/   Segment 3 & 4 - Marc Chandler, Managing Partner at Bannockburn Global Forex and Editor of the Marc to Market website, analyzes the shift among global central banks toward a "hawkish hold" policy. He highlights how this stance, driven by persistent inflation and supply shocks from Middle Eastern instability, contributes to a "K-shaped" economic recovery where strong corporate earnings contrast sharply with record-low consumer sentiment.  Click here to visit Marc’s site - Marc To Market - https://www.marctomarket.com/   If you enjoy the show, be sure to subscribe to our podcast feed (KER Podcast), YouTube channel, and follow us on X for more market commentary and company interviews. Don’t forget to subscribe and leave us a review!   ------------------------- For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/   Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

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

Jack Henris, President and COO, and Shawn Campbell, CFO of Dakota Gold (NYSE American: DC), both join us for an exploration and development update on their Richmond Hill Oxide Heap Leach Gold Project; located in the historic Homestake District of South Dakota, near existing mining infrastructure. We review all the drill results from 2025 and 2026 that will be incorporated into the upcoming resource estimate and the timeline of key development studies that will feed into updated project economics. We also highlight the upcoming drill program at their Maitland Gold Project, which will lead into an eventual resource estimate.   We start off reviewing more broad zones of gold mineralization that were announced from in recent drill results at Richmond Hill. Jack highlighted that the results being intercepted in the Northeast Project area contain much higher grades than the average overall resource grade. These results are encouraging their team to consider trade-off studies for the upcoming Pre-Feasibility Study (PFS), to potentially access these higher-grade areas in the first several years of mining.   On April 21, the company announced the 2026 Drill Campaign at the Richmond Hill Oxide Heap Leach Gold Project, which consisted of 109 holes with a combination of infill, expansion and geotechnical drilling.  The campaign is expected to be completed in the third quarter of this year, with a steady string of assay results anticipated over the balance of the year.   Richmond Hill is one of the largest undeveloped oxide gold resources in the United States being advanced by a junior mining company, with over 6 million ounces of gold and over 60 million ounces of silver moving along the pathway of development into heap leach production as soon as 2029. Principle Projects are on Private Land which equates to a positive attribute for efficient permitting with State and County organizations.   The Company will complete a Pre-Feasibility Study for Richmond Hill in the later part of 2026.   With the resource expansion drilling in the north intersecting significantly higher grades than resource cutoff. This resource drilling will be complimented with an extensive metallurgical test program, so that the Company will undertake a PFS with a focus on the first ten years of mining. This work will allow the Company to report reserves in 2026 and will inform the Feasibility Study to be completed in the first half of 2027.   The Company will launch a 2026 Maitland drill campaign of 5,578 meters (18,300 feet) in 44 holes.   The goal of this infill drilling, when combined with historic drill results, will be to define a maiden resource for the Tertiary-aged Unionville gold Zone.     Jack and Shawn highlight how these robust gold and silver resources, advantageous site infrastructure, ease of permitting on private land, and robust project economics, point to a future low-cost, long-life mining operation that can deliver high margins and generate meaningful revenues. We also review the potential for a rerating in valuation metrics when looked at through the lens of peer gold developer comparisons.     If you have any questions for Jack or Shawn regarding Dakota Gold, then please email those to us at [email protected] or  [email protected].   In full disclosure, Shad is a shareholder of Dakota Gold at the time of this recording, and may choose to buy or sell shares at any time.   Click here to follow the latest news from Dakota Gold   For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned, and companies profiled may be sponsors of the KE Report.  

On this Daily Editorial, we’re joined by Joel Elconin, co-host of the PreMarket Prep show and founder of the Stock Trader Network. With major tech players like Microsoft, Google, Amazon, and Meta reporting this week, the conversation centers around the unprecedented earnings growth and massive investments in AI infrastructure. Is the market overreacting to capital expenditures, or is there a longer-term play here? We dive into the shift between software and hardware stocks and the broader implications for the economy as companies continue to bet big on the AI revolution. Key Discussion Points Big Tech Earnings Explosion: Analyzing the double-digit percentage revenue and earnings growth from the week’s major reports. AI Infrastructure vs. Software: Exploring the market’s reaction to high capital expenditures and the emerging divide between hardware and software performance. Diversity and Resilience: A look at how diversified tech giants like Google and Amazon are faring compared to more focused players like Meta. The Long-Term AI Bet: Discussing the risks of overcapacity and the potential for AI to create a lasting competitive moat for early adopters. Market Outlook Beyond Tech: Examining current trends in heavy equipment, crude oil’s impact on transport stocks, and the latest from the Fed.   Stocks Mentioned: MSFT, GOOGL, AMZN, META, NVDA, MU, WDC, CAT, DE, RCL   Click here to visit Joel’s PreMarket Prep website - https://www.premarketprep.com/   Click here to visit the Stock Trader Network - https://www.stocktradernetwork.com/   --------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Company Update, we are joined by Brock Colterjohn, President and CEO of Onyx Gold (TSX.V: ONYX | OTCQX: ONXGF). With a massive 110,000-meter drill program currently underway, Onyx Gold is rapidly advancing its flagship Munro-Croesus project in Ontario, following a string of high-grade discoveries over the past 4 years.  Key Discussion Points: Munro-Croesus Project Overview: An introduction to the flagship property located in the heart of the Timmins gold camp, featuring the high-grade past-producing Croesus Mine. The Power of Consolidation: How Onyx Gold successfully assembled a district-scale land position by executing over 35 transactions since 2019. Argus North Discovery: Insight into the significant 2024 and 2025 drill results, including intercepts of 208 meters at 2.3 g/t gold. Strategic Financial Positioning: A breakdown of the company's strong cash position of approximately $22 million and its clean capital structure. Multi-Project Pipeline: The Company holds a portfolio of projects, 3 in the Timmins Gold Camp in Ontario (Munro-Croesus Property) and 4 projects in the Yukon.   Click here to visit the Onyx Gold website - https://onyxgold.com/    Please email me with any follow up questions for Brock. My email address is [email protected].    ------------------ For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Company Update, I sit down with Kiran Patankar, President and CEO of Maple Gold Mines (TSX.V: MGM | OTCQB: MGMLF). Following a resource update released on April 27, 2026, Kiran discusses the company’s evolution over the last four years and the goal to continue to grow the almost 5.2mil oz gold resource (indicated + inferred) at the Douay/Joutel Project in Quebec’s prolific Abitibi region. Key Interview Highlights: Significant Resource Growth at Douay: Learn how the team increased contained metal by over 50% in the indicated category and established a 4-million-ounce foundation at the Douay project. The Rebirth of the Joutel Mine Complex: Discover the strategic importance of the Joutel underground resource, a past-producing high-grade complex. Optimized Open-Pit Strategy: Understand the more conservative gold price and lower cutoff grades to improve strip ratios and enhance the project’s eventual development trajectory. Aggressive 2026 Drill Program: Kiran outlines the current 23,000 meter program and plans for an additional fully funded 70,000-meter drill campaign. Technical De-risking and Economics: An overview of when the company will work on a Preliminary Economic Assessment (PEA).   Please email me your follow up questions for Kiran. My email address is [email protected].    Click here to visit the Maple Gold Mines website to learn more about the Company.    -------------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Company Update, we are joined by Tim Clark, President and CEO, and Bryan Atkinson, Senior Vice President of Exploration, of Fury Gold Mines (TSX: FURY | NYSE American: FURY). The team provides a deep dive into the latest high-grade drill results from the Eau Claire Project and outlines the company's strategy to move down the development path for the remainder of 2026. Key discussion points include: Recent High-Grade Drill Results: An analysis of the latest 12.5 g/t gold intercept over 7 meters and what these "infill" holes outside the current block model mean for the overall resource scale. Resource Expansion and Grade Improvement: How the company aims to convert inferred resources to indicated while adding ounces to the upcoming Pre-Feasibility Study (PFS). The Impact of Record Gold Prices: Insights into how current market conditions are being factored into economic assessments and the potential for a significantly higher internal rate of return. Strategic Team Additions: The significance of bringing on Mario Courchesne as VP of Project Development to lead the transition from exploration into a production-focused mindset. 2026 Exploration Outlook: A look at the ongoing 40,000-meter drilling program and the timeline for the resource update expected later this year.   If you have any follow up questions for Tim or Bryan please email me at [email protected].    Click here to visit the Fury Gold Mines website to learn more about the Company and read over the recent news - https://furygoldmines.com/   ---------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad’s resource market commentary: https://excelsiorprosperity.substack.com/   Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.  

In this Daily Editorial, I sit down with Craig Hemke, Founder and Editor of the TF Metals Report, to break down the current state of the precious metals sector. Despite gold and silver holding at historically high price levels, the market is grappling with a significant loss of momentum and a puzzling lack of investor interest. Key discussion points: The Disconnect in Sentiment: Why the market feels "boring" and range-bound despite gold and silver maintaining strong historical price floors. Collapsing Open Interest: An analysis of the dramatic drop in COMEX open interest - reaching 20-year lows - and what this thin liquidity means for future volatility. Rising Costs for Miners: A look at the upcoming earnings season and the potential of higher costs being forecasted.    Click here to visit Craig’s website - TF Metals Report - https://www.tfmetalsreport.com/   ------------------ For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to review the value proposition that has his attention from recent corporate news and strategies from 3 gold explorers that have recently press-released significant company milestones.   >> The companies we discussed in the interview are:   BCM Resources Corporation (TSXV: B) – On April 27, 2026 the Company announced completion of its first diamond core drill hole of the 2026 Thompson Knolls Phase 4 exploration campaign. Hole TK15, a vertical hole collared approximately 250 m southwest of Hole TK8, reached a depth of 3,995.5 feet (1,219 m), a record depth for the project. This hole was designed to test the extension of skarn Cu-Au-Ag-Mo mineralization previously encountered in Hole TK8 (please refer to the Company's news release dated May 24, 2023).  Extensive intervals of pyroxene-diopside skarn were encountered within strongly marbleized dolomites beginning at the top of bedrock at approximately 1,950 feet (594.5 m) and continuing to a depth of approximately 3,900 feet (1,188.7 m) at which point quartzite became the dominant lithology.   Dryden Gold Corp. (TSXV: DRY) (OTCQX: DRYGF) (FSE: X7W) – On April 27, 2026 the company announced that as a result of excess demand it is increasing the previously announced (April 14, 2026) non-brokered equity financing to include up to an aggregate of 23,000,000 common shares for aggregate proceeds of up to $9,716,280.   The Company is pleased to announce that in connection with the Upsized Financing, Centerra Gold Inc. will the exercise their 'top-up right' to retain their 9.9% interest in the Company as granted within the investor rights agreements, dated December 17, 2024. Centerra will purchase 2,305,000 common shares issued under the charity flow-through portion of the financing. The Company is also pleased to announce that Alamos Gold Inc., will purchase 2,410,000 common shares issued under the charity flow-through portion of the financing. Alamos currently holds an aggregate of 23,003,326 common shares of the Company, representing a security holding percentage of 10.46%. At Closing Alamos will hold an aggregate of 25,413,326 common shares of the Company maintaining its 10.46% ownership of the outstanding shares of the Company.   ** To view the KE Report Webinar with Dryden Gold on April 21st click below: https://youtu.be/7uYen-20Hx4   Sonoro Gold Corp. (TSXV: SGO | OTCQB: SMOFF | FRA: 23SP) – On April 27, 2026 the Company announced that it has closed its previously announced oversubscribed, non-brokered private placement of 50,833,334 units at $0.24 per unit, for gross proceeds of CAD $12,200,000.  As previously announced, net proceeds of the Offering will be used to complete a two phase 50,000-meter drilling program at the Company’s flagship Cerro Caliche gold project in Sonora, Mexico. The program will focus on infill drilling to further explore larger intervals of higher-grade gold mineralization identified in prior drilling campaigns. Expansion drilling is also scheduled at the recently acquired northern extensions to confirm potential structural continuity of the project’s northwest trending mineralized corridors.     * In full disclosure, some companies mentioned by Erik in this interview, are positions held in his personal portfolio, and also may be site sponsors of The Hedgeless Horseman website at the time of this recording.]   Click here to follow Erik’s analysis over at The Hedgeless Horseman website   For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned, and companies profiled may be sponsors of the KE Report.

ng mines in Mexico. Production reflected stable operations at Campo Morado and the continued ramp-up of underground mining and processing activities at Tahuehueto. The company is also engaged in ongoing metallurgical testing to improve recovery rates and future payability for their 5 metals, and 3 concentrates; with an emphasis on gold and silver recoveries.   2025 Highlights   Transformational Operational Growth: Tonnes mined and milled increased 53% and 51%, respectively, to 1.01 million tonnes, reflecting higher throughput and improved operational stability across both Campo Morado and Tahuehueto. Strong Multi-Metal Production Growth: Increase throughput resulted in significant growth across key metals, with silver production up 69%, zinc up 72%, lead up 53%, andcopper up 37% compared to 2024.  As a result, Luca achieved revised guidance for all metals produced, including payable silver production above the top end of revised guidance. Strategic Investment in Mine Development: Sustaining capital expenditures increased to $27.3 million as the Company accelerated underground development and exploration programs designed to improve mine sequencing, access higher-grade zones, and support long-term production reliability. Strong Financial Performance: Revenue increased 103% to $176.8 million from $87.2 million in 2024, whileAdjusted EBITDA increased 226% to $46.0 million, compared to $14.1 millionin 2024, driven by higher production levels and stronger realized precious metal prices. Significant Balance Sheet Improvement: The Company reduced loans payable from $17.0 million at December 31, 2024 to $3.3 million at December 31, 2025, representing a reduction of more than 80% during the year. As of the date of this MD&A, outstanding loans payable have been further reduced to $1.4 million.  Exploration Programs Reinitiated to Support Resource Growth: During 2025, the Company reinitiated exploration activities across its projects for the first time in more than a decade.  To date, approximately 30,140 metres of exploration drilling have been completed, improving geological understanding of the deposits, identifying additional mineralized zones, and supporting potential resource expansion. These exploration programs represent an important step towards unlocking additional value within the Company’s asset portfolio and establishing a pipeline of future growth opportunities   Q1 2026 Operational and Financial Results Update: During the first quarter of 2026, the Company completed approximately 10,058 metres of drilling. Exploration activities were primarily focused on near-mine and resource expansion targets, achieving the objectives of extending mine life and improving production flexibility at the Company’s operating assets. Operationally the company was on strong footing, with solid operating performance and strong silver production in a favorable price environment. The Company remained focused on operational improvements at both mines, with particular emphasis on Campo Morado which is moving into an expansion study towards a technical report in the second half of 2026. That company announced on March 9th the appointment of Nick Shakesby as Chief Operating Officer (“COO”), effective April 1, 2026. Luca has also strengthened its technical team to advance and execute on optimization and growth initiatives, including the Campo Morado Expansion. As of March 31, 2026, Luca’s cash position increased to approximately $36.4 million, compared to $25.5 million at year-end 2025. The increase was primarily driven by strong operating cash flow, supplemented by approximately $2.1 million in proceeds from warrant and option exercises and net realized gains of approximately $3.6 million from silver call options. These options were implemented to re-establish exposure to silver prices in light of the silver stream at Tahuehueto. As previously disclosed in the Company’s Q4/25 financial results, debt has been reduced to approximately $1.4 million, with the remaining balance expected to be fully repaid by mid-2026.   Click here to follow the latest news from Luca Mining     If you have any question for Dan regarding Luca Mining, then please email those into me at  [email protected].   In full disclosure Shad is a shareholder of Luca Mining at the time of this recording and may choose to buy or sell shares at any time.   For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned, and companies profiled may be sponsors of the KE Report.  

In this Company Update, I sit down with Tara Christie, President and CEO of Banyan Gold (TSX.V: BYN | OTCQB: BYAGF), to discuss recent drill results from the AurMac Gold Project in the Yukon and a financing just announced. Following significant drill results from the Powerline deposit and a C$46.5 million financing round, the company is positioned to accelerate work at the project. Key Discussion Points: Strategic Drill Results at Powerline: Tara explains the significance of hitting high-grade gold mineralization in areas previously classified as waste, a move that could drastically improve project economics and strip ratios. A Strengthened Balance Sheet: A deep dive into the recent C$46.5 million financing, which brings Banyan’s treasury to approximately C$75 million, providing the financial security to weather geopolitical volatility and remove near-term financing risk. Accelerating the Development Timeline: How the increase in capital allows Banyan to expand its 2026 drill program from 40,000 to 70,000 meters, potentially shaving a full year off the project’s feasibility study (FS) timeline. Upcoming Catalysts and Resource Updates: An overview of what investors can expect in the coming months, including an updated Mineral Resource Estimate in Q2 and a Preliminary Economic Assessment (PEA) in the second half of the year.   If you have any follow up questions for Tara please email me at [email protected].    Click here to visit the Banyan Gold website - https://banyangold.com/   ---------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Daily Editorial, I am joined by Darrell Fletcher, Managing Director of Commodities at Bannockburn Capital Markets. Darrell provides a comprehensive update on the shifting dynamics across the energy and metals sectors as geopolitical tensions and supply constraints continue to reshape global markets. Key Discussion Points Crude Oil Dynamics: An analysis of the ongoing Iran conflict and its impact on physical versus futures pricing, including why the forward curve may be lagging. Natural Gas Volatility: A look at the current bearish price environment, seasonal inventory builds, and the long-term potential of the LNG export market. The Base Metals Complex: Why copper remains a pillar of strength and how disruptions in the Strait of Hormuz are unexpectedly fueling a rally in aluminum and nickel. Strategic Discipline in U.S. Production: Insights into why U.S. rig counts remain flat despite high oil prices and what this means for future supply. Precious Metals Consolidation: A review of the current range-bound trading in gold and silver following last year's massive moves.   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 Company Update, we are joined by Alicia Milne, President and CEO of Q2 Metals (TSXV: QTWO | OTCQB: QUEXF | FSE: 458). Following the recent release of a maiden resource estimate at the Cisco Lithium Project in James Bay, Alicia provides an in-depth look at the scale, grade, and logistical advantages that position this asset as a premier hard rock lithium deposit in the Americas. Key discussion points include: Maiden Resource Breakdown: An overview of the landmark 295 million tonne resource at 1.36% Li2O and how the company’s aggressive drilling strategy accelerated this milestone. Grade and Scale Comparisons: How the Cisco Project’s mineralization and size stack up against other major global producers and neighboring projects in Quebec. Infrastructure and Logistical Edge: The strategic importance of the project’s location within the Nemaska Cree territory and its proximity to essential transport infrastructure. Expansion and Future Targets: The deposit is open in all directions, and there is an upcoming summer drill program aimed at converting inferred resources to indicated. Financial Runway and Next Steps: Discussion on the company's current cash position and the timeline for progressing toward a Preliminary Economic Assessment (PEA).   If you have any follow up questions for Alicia or would like more information on any aspect of the Company please email me at [email protected].    Click here to visit the Q2 Metals website - https://www.q2metals.com/ ------------------- For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/   Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this company update, we are joined by Patrick Highsmith, Chairman and Co-Founder of Firefox Gold (TSX.V: FFOX | OTCQB: FFOXF), to discuss a transformative week for gold exploration in Finland’s Lapland Greenstone Belt. Following the news of Agnico Eagle’s massive +$3 billion consolidation of the region, including the acquisition of Rupert Resources and Aurion Resources, Patrick provides insight into how Firefox Gold is positioned in this rapidly evolving district. Key discussion points:  Agnico Eagle Joint Venture Update: An overview of the progress at the Kolho Project, where Agnico Eagle has already invested nearly $3 million as part of an earn-in agreement. Sarvi Drill Results: Insights into the recent drill results from the Sarvi Project and the upcoming plans for systematic exploration as the snow melts. Regional Consolidation and Valuation: A breakdown of how the recent M&A activity in the belt validates Firefox’s strategy and what the exit of major peers means for the remaining juniors in the district. Exploration Outlook for 2026: A look ahead at the continuous drilling programs at the flagship Mustajärvi Project.   Any further questions for Patrick? Email me at [email protected].   Click here to visit the FireFox Gold website to learn more about the Company - https://www.firefoxgold.com/   ------------------ For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this weekend edition, we dive deep into the forces driving the next leg of the commodity cycle. Brien Lundin joins us to discuss the "sideways consolidation" in precious metals and why copper and tungsten are suddenly stealing the spotlight. Then, Dan Steffens breaks down the structural damage to global oil supply chains, explaining why a $90+ floor is the new reality regardless of geopolitical headlines.  Segment 1 & 2 - In this interview, Brien Lundin, editor of the Gold Newsletter and host of the New Orleans Investment Conference, discusses the current sideways consolidation in precious metals and the bullish performance of copper. He explores broader market trends, highlighting opportunities in exploration-stage junior mining stocks and the strategic revaluation of resource companies through acquisitions and spin-outs. Click here to learn more about this year’s New Orleans Investment Conference - https://neworleansconference.com/online-registration/    Segment 3 & 4 - Dan Steffens, President of the Energy Prospectus Group, analyzes the current volatility in the energy sector driven by the ongoing conflict in Iran and the closure of the Strait of Hormuz. He provides detailed insights into the structural damage to the global oil supply, the disconnect between stock values and oil prices, and specific growth opportunities within his top small-cap and merger-focused energy stock recommendations.  Click here to visit the Energy Prospectus Group website for more energy market and stock analysis - http://www.energyprospectus.com/   If you enjoy the show, be sure to subscribe to our podcast feed (KER Podcast), YouTube channel, and follow us on X for more market commentary and company interviews. Don’t forget to subscribe and leave us a review!   For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/   Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.  

In today’s Daily Editorial, I am joined by Marc Chandler, Managing Partner at Bannockburn Global Forex and Editor of the Marc to Market website. With significant news breaking regarding the Department of Justice and Federal Reserve leadership, Marc provides a deep dive into the shifting tectonic plates of US monetary policy and the potential for a historic revaluation of US sovereign assets. Key Discussion Points: The Transition to a Warsh-led Federal Reserve: Marc discusses the implications of the DOJ dropping its investigation into Jerome Powell, clearing the path for Kevin Warsh and a potential departure from the policy continuity seen over the last two decades. Rethinking Inflation Targets and Measurements: A look at how a new Fed administration might move away from the traditional 2% target or change the primary instruments used to measure inflation, such as shifting toward trimmed-mean CPI. The Potential Revaluation of US Gold Holdings: An intriguing analysis of the proposal to revalue the US government’s 8,400 tons of gold from its current book value of $42.22 to a market-adjacent price, potentially adding $500 billion to the US balance sheet. A New Treasury-Federal Reserve Accord: Marc explores the possibility of a renewed formal agreement between the Treasury and the Fed to streamline fiscal and monetary coordination, potentially limiting "mission creep" like Quantitative Easing. Global Central Bank Preview: A concise outlook on the upcoming meetings for the Fed, Bank of Canada, ECB, Bank of England, and the Bank of Japan, and why "wait and see" remains the dominant theme.   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.

Akiba Leisman, President and CEO of Mako Mining (TSX.V:MKO – OTCQX:MAKOF), joins me for a comprehensive review of all 4 company Projects, on an operational, developmental and exploration perspective. The Company operates the high-grade San Albino gold mine in Nueva Segovia, Nicaragua. Mako owns the Moss Mine, an open pit gold mine in northwestern Arizona, which is ramping up into commercial production. Mako now controls the permitted development-stage Mt. Hamilton Gold-Silver Project located in White Pine County, Nevada, USA. Mako also holds a 100% interest in the development-stage Eagle Mountain Project in Guyana, South America.   Q1 2026 San Albino Operational Highlights:   50,233 tonnes mined, containing 12,538 ounces ("oz") of gold ("Au") at an average grade of 7.76 grams per tonne ("g/t") Au and 12,460 oz of silver ("Ag") at 7.71 g/t Ag 53,638 tonnes milled containing 13,277 oz Au and 13,274 oz Ag grading 7.70 g/t Au and 7.70 g/t Ag At quarter end, the stockpile was estimated at 124,350 tonnes at an average grade of 2.65 g/t Au for contained Au of 10,558 oz   Q1 2026 Mako Financial Highlights Mako total gold sales of 13,721 oz Au for total revenue of $68.6 million in Q1 2026 San Albino Mine sales of 10,398 oz Au at $4,901(2) per ounce Moss Mine sales of 3,323 oz Au at $4,912 per ounce Delivered 274 oz Au in connection with gold stream related to the purchase of the Mt. Hamilton Project Cash balance and trade receivables of $96.1 million as of March 31st, 2026, after a previously accrued 2025 $13.2 million annual tax payable was paid    We went on to review all the ongoing exploration work at San Albino, the development progress on tap for 2026 at the Moss Mine and at Mt Hamilton, and the permitting progress at Eagle Mountain.   If you have any further questions for Akiba regarding Mako Mining, then please email them into me at  [email protected].   In full disclosure, Shad is a shareholder of Mako Mining at the time of this recording and may choose to buy or sell more shares at any time.   Click here for a summary of the recent news out of Mako 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, and companies profiled may be sponsors of the KE Report.

In this Company Update, we are joined by Thomas Credland, President and CEO of Valkea Resources (TSX.V: OZ | OTCQB: OZBKF). Thomas provides an insider’s perspective on the massive shifts occurring in Finland’s mining landscape following the recent ~$3 billion consolidation of the Lapland Greenstone Belt by Agnico Eagle. Having been part of the team during the world-class Ikkari discovery at Rupert Resources, Thomas discusses what Valkea has planned to systematically explore its own expansive land package. Key Discussion Points: The Agnico Eagle Effect: An analysis of how the recent consolidation of Rupert Resources and Aurion Resources by Agnico Eagle validates the prospectivity of the district and creates a "slipstream" for junior explorers. Strategic Land Positioning: Why being the second-largest landholder in the Lapland Greenstone Belt puts Valkea in a prime position as the region undergoes rapid development. Systematic Exploration Methods: Insights into the "base of till" geochemical drilling strategy that led to the Ikkari discovery and how it is being deployed across Valkea’s high-priority targets. Priority Targets and Catalysts: A look at the Paana and Rover properties, including the upcoming 10,000-meter diamond drilling program aimed at uncovering the next standalone deposit. Funding and Strategic Partnerships: Thomas addresses the company’s current treasury, budget flexibility, and the philosophy behind maintaining independence versus bringing in a strategic partner.   Any follow up questions for Thomas can be emailed to me directly at [email protected].    Click here to visit the Valkea Resources website to learn more about the Company. - https://valkea.ca/   -------------- 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 Dana Lyons, Fund Manager and Editor of The Lyons Share Pro. Following a dramatic market reversal throughout April, Dana breaks down the technical signals driving the current "V-shaped" recovery and whether the internal data supports a sustained move higher. Key topics discussed in this episode: The Mechanics of the V-Bottom: An analysis of how extreme bearish positioning and institutional short covering served as the primary fuel for the recent price thrust. Software’s Contrarian Setup: Why the IGV (Software ETF) is currently presenting a unique technical entry point despite diverging from traditional relative strength models. Evaluating Market Breadth: Insights into the "under the hood" data and why increased participation from mid-caps and the Russell 2000 is critical for the next leg of the rally. Sector Leadership and Relative Strength: Identifying the top-performing sectors, including semiconductors and international markets, that are currently leading the charge to new highs. Outlook on Bonds and Metals: A look at the challenging short-term environment for precious metals and the current trend in Treasury yields. Stocks and ETFs mentioned: IGV, SLV, BTC, ETH.   Click here to visit the Lyons Share Pro website and learn more about Dana’s investment services - https://lyonssharepro.com/   ------------------ For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Daily Editorial, we sit down with Brien Leni, Founder and Editor of the Junior Stock Review and creator of Field Notes on YouTube. As the precious metals equity market shifts from a "rising tide lifts all boats" environment to a highly selective landscape, Brien provides a grounded perspective on where the true value lies in 2026. We delve into the evolving criteria for successful junior mining investments, exploring why spectacular news is now required for market rewards and how the ongoing conflict in the Middle East is reshaping the outlook for energy and gold. Brien shares his disciplined approach to portfolio management and provides a deep dive into the technical and strategic milestones that signal a company is ready for a major re-rating.   Click here to visit the Junior Stock Review website to keep up to date on what Brian is investing in - https://www.juniorstockreview.com/ Click here to watch the latest Field Notes video - https://www.youtube.com/@FIELD_NOTES   ---------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Terry Harbort, President and CEO of Talisker Resources (TSX: TSK) (OTCQX:TSKFF), joins us for an production and exploration update at the Mustang Mine, to outline the development towards Bralorne West and over at Olympus, the recently announced 105,000 meter drill program, and to review the work going into the upcoming Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA) at their 100% owned Bralorne Gold Project in British Columbia.   Terry outlined the areas of ramp-up in production at the Mustang Mine, currently accessing about 6 ore faces at the 1040 and 1030 levels, with the plan to eventually get down to the 1015 and 980 levels later this year. The mining has been coming from the Alhambra Vein, BK Vein, and BK-9870 Vein, with plans to also begin accessing the Brumbie Vein in the next couple of months.   The Company has successfully transitioned over to shipping ore to Ocean Partners in Q1, with over 5,000 tonnes currently being crushed, and market updates on gold payables slated for the next couple of weeks.   Development work is continuing from the main area of the Mustang Mine over towards Bralorne West, with about 150 meters to go to be able to start accessing ore faces over in that part of the deposit.    As operations continue ramping up, expanding up to 500 tpd later this year, that the plan is then to keep developing over to increase mining from more areas including from Bralorne West to increase operations to 750-1,000 tpd about 2 years out.   Then further out the initiative is to put in a second portal into the historic Pioneer mining area to access the Olympus Mine to the southeast of the Mustang Mine, moving throughput up to the eventual target of 1,500 tpd.   Additionally, we explore how the mining process will be further upgraded utilizing ore-sorting technology by Q3 of this year. This ore-sorting will allow for shipping higher-grade material, with less associated waste, making it even more economical to be shipped to Ocean Partners.   All 2025 diamond drilling assays have now been received and are being incorporated into the vein model wireframes, which will feed into the upcoming resource estimate and Preliminary Economic Assessment (PEA). Talisker has engaged SGS Canada Inc. to complete a National Instrument 43-101 compliant Technical Report incorporating a Mineral Resource Estimate and the PEA for the Bralorne Gold Project. The MRE is targeted for Q2, and will update the estimate in the Company’s current Technical Report (completed in 2023) and incorporate an additional 138 drill holes (representing 31,093m of drill core), as well as the depletion of areas already mined by Talisker at the Mustang Mine in 2025. In addition, Talisker has engaged third-party consultants to complete studies regarding mining, infrastructure, process, capital and operation costs, as well as economic studies. The information from these studies will be provided to SGS for review and incorporation in the PEA, expected to be completed during Q3 2026.   On April 21, 2026, Talisker Resources announced that the Company has increased its diamond drill program from 30,000 metres to 105,000 metres. The program will consist of 83,000 metres of resource conversion drilling at the Mustang, Bralorne West and Olympus areas and 22,000 metres of exploration drilling targeting veins at Congress and Pioneer Deeps.  Terry further unpacks the goals of this largest drill program to date at each of these areas and how this will set the company up for its growth initiatives for years to come.   If you have any follow up questions for Terry regarding Talisker Resources, then please email me at [email protected].   In full disclosure, Shad is a shareholder of Talisker Resources at the time of this recording, and may choose to buy or sell shares at any time.    Click here to follow the latest news from Talisker Resources     For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned, and companies profiled may be sponsors of the KE Report.

In today’s Daily Editorial, I am joined by Joel Elconin, co-host of the Pre-Market Prep show and founder of the Stock Trader Network. Joel provides an breakdown of a market that seems increasingly detached from geopolitical conflict, choosing instead to focus on robust earnings and technical momentum. We dive into why the "risk-on" sentiment remains dominant and what the recent "V-shaped" recovery tells us about investor psychology in 2026. Key discussion points include: Geopolitical Resilience and Oil Dynamics: How the market is successfully discounting higher oil prices and the closure of the Strait of Hormuz, fueled by a domestic supply shift. The AI Trade Evolution: A look at the divergence and subsequent recovery between AI hardware leaders and software providers as the market re-evaluates the "SaaS-pocalypse." Retail Mania and Meme Stock Momentum: Assessing the return of "buy-the-dip" euphoria across speculative names, crypto, and large-cap tech. Earnings Season Expectations: Why forward guidance and capital expenditure (CapEx) on AI infrastructure will be the ultimate judge of this rally's sustainability. Defensive Rotations: Analyzing the current weakness in the US Dollar and gold, and whether a rotation back into consumer staples and value is on the horizon. Companies & Symbols Mentioned: NVIDIA (NVDA), Microsoft (MSFT), Apple (AAPL), Alphabet (GOOGL), Amazon (AMZN), Meta (META), Tesla (TSLA), Marvell (MRVL), Micron (MU) Salesforce (CRM), ServiceNow (NOW), Broadcom (AVGO), Bitcoin (BTC), United States Oil Fund (USO), SPDR Gold Shares (GLD), iShares Silver Trust (SLV).   Click here to visit Joel’s PreMarket Prep website - https://www.premarketprep.com/   Click here to visit the Stock Trader Network - https://www.stocktradernetwork.com/   --------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad’s resource market commentary: https://excelsiorprosperity.substack.com/   Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Daily Editorial, I am joined by Mike Larson, Editor-in-Chief at MoneyShow, to dissect a puzzling day in the markets where equities and oil are rising in tandem despite ongoing tensions in the Middle East. Mike provides a deep dive into the "muscle memory" of modern investors and whether the current resilience is sustainable. Key discussion points include: Geopolitical Decoupling: Why Wall Street appears to be looking past the conflict in Iran and the closure of the Strait of Hormuz, opting to price in a "diplomatic resolution" rather than a wider war. The Power of the "Taco Trade": A look at the persistent success of the "buy the dip" strategy that has rewarded investors throughout the current administration, even in the face of inflationary pressures. Earnings over Everything: How double-digit gains across the banking and transport sectors are providing the fundamental floor needed to keep the S&P 500 at all-time highs. Precious Metals Digestion: An analysis of the short-term correction in gold and silver following their historic run-up, and why the long-term bull case remains intact. The Rotation to Industrial Metals: Why savvy traders are pivoting toward copper and other "strategic" metals as supply chain risks and AI infrastructure demand hit a fever pitch.   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 today's Company Update, we are joined by Joe van den Elsen, President and CEO of Andina Copper (TSX.V:ANDC - OTCQX:PMMCF). Following a series of drill results, Joe provides a comprehensive look at the growing scale of the Cabrasco and Piuquenes projects (Colombia and Argentina respectively) and the strategic vision for the remainder of 2026. Key Discussion Points: Cabrasco Drill Success: A breakdown of the recent results from Colombia, including consistent long widths of mineralization and the significance of defining a massive conceptual footprint. Piuquenes Project Advancements: Insights into the second gold-rich porphyry system identified in Argentina and how the latest step-out holes are validating the project's volume potential. Path to a Maiden Resource: Joe explains the company’s philosophy on when to move toward a formal resource estimate and why hitting specific tonnage thresholds is critical for market valuation. Permitting and Social License: An overview of the operating environment in Colombia and how local partnerships are facilitating an aggressive 40-pad drilling program. Financial Position and Market Momentum: A look at the company’s cash balance following a $27.5 million raise and the factors driving recent share price appreciation.   If you have any questions for Joe and his team you can email me at [email protected].    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.