The KE Report

Victor Cantore, President and CEO of Amex Exploration Inc. (TSX.V: AMX) (OTCQX: AMXEF) (FSE: MX0), joins me for a big picture update on their transition to development and near-term production at it flagship Perron Gold Project, located in Quebec, Canada.  The Company will be changing its name to Amex Gold Mining Inc. in early July to reflect this transition into a developer/producer over the next 2 years; but will also be maintaining a 100,000 meter drill program, so there is still the dual-focus on exploration as well.   On June 18th, the Company announced the completion of the final tranche of the oversubscribed "best efforts" private placement for C$80Million, where Eldorado Gold maintained their 27% stake, and they have received receipt of the key permits for the upcoming bulk sampling program.  We discussed how the bulk sample will achieve multiple goals of learning about the actual grade and metal recovery reconciliation measured against the metrics outlined in the positive Feasibility Study for the 5 years of commercial Phase 1 production at the project. The bulk sample will have an initial capital outlay of around C$50Million, but after processing ~40,000 tonnes via toll-milling at a nearby plant; and producing around 23,000-28,000 ounces of gold, this will generate revenues more than double that capex.   We discussed how the market does seem to fully appreciate or value that the Company will be mining and producing metals and revenues by the end of 2027.  Additionally, Victor points out that the portal and decline/ramp development utilized in this upcoming bulk sample is the exact same plan envisioned in their economic study, and will shave all that capital, development work, and time off the front-end of Phase 1 development, providing a faster organic natural transition in Phase 1 commercial mining in 2028 simply by extending that ramp further into the mine.   We then discussed the even larger strategy where the revenues generated from the bulk sample in 2027, followed by the 4-5 years of DSO toll-mining in Phase 1, will then fund the exploration and development work that feeds into the Phase 2 studies.  Phase 2 will envision the move into a larger production scenario building a processing plant on site, from the robust revenues projected during Phase 1.   In addition to all the development slated for this year, the company is pressing forward with an aggressive 100,000 meter drill campaign, continuing to delineate and expand resources at the main Perron Project; while also beginning to explore on their expanded land package across the provincial border into Ontario.  The company has substantially increased their land holdings through a combination of staking claims and the 2 recent acquisitions of the Perron West and the Abbotsford/Hepburn properties.   Click here to follow the latest news from Amex Exploration   If you have any questions for Victor regarding Amex Exploration, then please email them into me at [email protected].     In full disclosure, Shad is a shareholder of Amex Exploration 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.

In this Daily Editorial, I sit down with Darrell Fletcher, Managing Director of Commodities at Bannockburn Capital Markets, to provide a comprehensive, trading-desk perspective on the recent broad-based correction across the commodity complex. As the markets reach the half-year mark, Darrell breaks down the technical and fundamental forces driving recent sell-offs and what investors should watch heading into the second half of the year. Key Discussion Points: Broad-Based Market Correction: An overview of the recent sell-off across energy and metals, examining whether this indicates the end of the long-term commodity bull market or a healthy, constructive pause. The Energy Complex & WTI Crude: A look at the bearish and bullish factors impacting oil as it tests key moving averages, alongside the market's reaction to regional conflicts and global supply disruptions. Natural Gas Trends & Seasonality: Analysis of the current range-bound natural gas market, record temperatures in Europe, shifting US weather patterns, and the latest storage data. Precious Metals & Gold's Psychological Floor: A deep dive into gold and silver's sharp corrections, the influence of a hawkish Federal Reserve, and how the $4,000 level is acting as a major technical support zone. Base Metals Resilience & Copper Tariffs: An exploration of why copper remains the strongest major commodity despite broader base metal sell-offs, and what the upcoming tariff decisions mean for the market.   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 Daily Editorial, Craig Hemke, Founder and Publisher of the TF Metals Report, joins me to analyze the peak hawkishness in the precious metals market since last week.  We dive into the macroeconomic backdrop as it relates to interest rates and Fed policy and the fallout after Kevin Warsh chaired his first FED meeting 2 weeks ago and addressed the markets focused on price stability.   Craig wrote an article last week titled: “Peak Hawk” outlining some of the topics we dove into during this discussion, and there is a link to that here:   https://www.tfmetalsreport.com/blog/13750/peak-hawk     Technical Levels to Watch:   Craig comments on the break-down in gold, silver, and PM ETF breaking below the 200-day moving average, and 50-week moving averages as just a ‘piling on’ effect from this peak hawkishness in the markets.  He believes most of the corrective move has happened at this point, and is anticipating 2026 to end somewhere around flat on the year; which he notes wouldn’t be too bad after the outsized gains in gold and silver in 2024 and 2025 on a percentage basis.  He points out we may need that last capitulation move this summer to wash out any remaining weak hands, and to then base and bring in the new buyers that cause shorts to cover and begin a new upleg. Craig also points to the flattening yield curve, and where the 2-year and 10-year treasury yields have been trending as a factor worth paying attention to.   Kevin Warsh Will Be Speaking In Europe this Wednesday:   Kevin Warsh is participating in a policy panel at the European Central Bank Forum on Central Banking. Craig will be watching to see if he emphasizes the hawkish hold or dials it back a little at this meeting. The Fed funds futures are now anticipating 1-2 rate hikes this year versus the initially market anticipated rate cuts, coming into this year.  We discuss the likelihood of the market has now swung so hawkish, that it may be excessive and misplaced. Even if we see an initial hawkish rate hike, Craigs sees that as posturing, and doesn’t anticipate that we’d have long to wait after that before the economic data on inflation softens with lower energy prices now, and that monetary policy will adjusts course in the opposite direction, in a more dovish playbook… like it has over and over again historically.   We’ll Get The Jobs Data on Thursday This Week:   The June BLS jobs report will be released on July 2, 2026, which is expected to show the creation of 172,000 new jobs.  We are getting this data on Thursday, due to the observance of Independence Day on Friday. Additionally, the Conference Board's Consumer Confidence Index and the Job Openings and Labor Turnover Survey (JOLTS) will also be reported this week.   The Macroeconomic Fundamentals Haven’t Changed:   Sovereign debt remains at record levels and most nations can not endure interest rates that go up to drastically.  Craig highlights that “The Math is the math.” Throughout history, central banks have opted for printing more money and driving interest rates meaningfully lower, to inflate their way out of economic challenges, and to pay off higher interest debt with lower-rate debt.  Overall, central banks continue to add gold to their balance sheets versus adding more US or foreign treasuries.   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. 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.    

Graham Richardson, CFO of Faraday Copper (TSX:FDY – OTCQX:CPPKF), joins me to provide a big picture overview of the key exploration and development objectives and shifting workstreams now that Faraday has entered into a non-binding letter of intent for the proposed acquisition of BHP's San Manuel Property, adjacent to their Copper Creek Project in Arizona.   This is truly a transformational transaction, which once closed, consolidates two adjacent and complementary assets in the heart of the Arizona copper corridor, at a time when sourcing of critical minerals within the USA is essential. We discuss how combining the historic open pit San Manuel Mine and robust Kalamazoo underground assets with Copper Creek Project’s at-surface open pit breccias and underground porphyry assets at American Eagle and Keel creates a multi-asset copper district in the USA; and one of the largest undeveloped copper projects in North America.   Strategic Rationale Significant resource potential: The combined project would have the potential to become a multi-generational copper district delivering made-in-America copper. Accelerates pathway to production: Opportunity to leverage the private land position of San Manuel to facilitate the potential for expedited copper cathode production from the combined projects. Flexibility through private land and infrastructure: Additional ~27,000 acres of private land for site facilities and access to existing regional infrastructure, including road, rail, gas and power. Centralizes infrastructure and reduces environmental footprint: The proximity of Copper Creek and San Manuel allows for the potential to leverage existing infrastructure and for future facilities to be shared between the projects, reducing the overall environmental footprint while enhancing capital efficiency. The combined assets offer potential for project staging: Prioritization of copper cathode production, followed by open pit sulphides before development of underground operations. BHP to become a strategic shareholder: BHP to join the Lundin Group as a strategic shareholder of Faraday to deliver USA copper supply through a consolidated district.   Phase 4 drilling at Copper Creek will be factored into an updated copper Resource Estimate, which will be paired with upcoming confirmation drilling of the San Manuel historic resource.   This will set up a wrapping economics around the Phase 1 open pit development at both projects into a combined approach, and will be combined with other data-collection and metallurgical studies.  The Phase 1 open pits will then fund the eventual development into the underground resources at Kalamazoo, and eventually American Eagle and Keel.   The Company is well-funded to deliver on its key milestones and benefits from a growing management team and board of directors with senior mining company experience and expertise to deliver on the pathway from development into production.   If you have any questions for Graham regarding Faraday Copper, then please email them to me at [email protected].   In full disclosure, Shad is a shareholder of Faraday Copper at the time of this recording, and may choose to buy or sell shares at any time.   Click here to view the latest news from Faraday Copper   For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.    

In this Company Update, Tara Christie, President and CEO of Banyan Gold (TSXV: BYN / OTCQB: BYAGF), joins the show to discuss the latest exploration and development milestones across the company's Yukon gold properties. Tara breaks down recent high-grade drill results at AurMac, the commencement of the regional drilling program at Nitra, and how the newly filed technical report sets a strong foundation for the upcoming Preliminary Economic Assessment (PEA). Key discussion points include: AurMac Project Drill Results: Insights into the recent high-grade intercepts from the Powerline deposit, including standout numbers over 5.5 g/t gold, and what these results mean for expanding the known high-grade core. Nitro Project Exploration: An update on the newly initiated 7,500-meter diamond drilling program targeting regional targets to unlock district-scale potential. Predictive Geological Modeling: How Banyan’s refined lithological model is successfully predicting higher-grade zones and bringing increased credibility to the resource. Upcoming PEA and Valuation: A look ahead at the upcoming PEA catalysts in the second half of the year and the company's current valuation relative to its peers.   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 Company Update, I sit down with Mike Burke, Director and Vice President of Corporate Development at Sitka Gold Corp. (TSX.V: SIG | OTCQB: SITKF | FSE: 1RF), to break down the latest high-grade drill results from the Blackjack deposit at their flagship RC Gold Project in the Yukon. Mike discusses the strategic balance between infill and expansion drilling, explains how structural controls are guiding their deep exploration, and compares their current asset scale to Tier-1 gold systems in the region. Key Discussion Points: Recent High-Grade Drill Results: A look into the high-grade intercepts from the June 23rd release and what these mean for the asset. Infill vs. Expansion Drilling: How the company is prioritizing shallow, near-surface ounces while simultaneously testing the boundaries of the deposit. Deep Mining Trade-Off Studies: The ultimate goals for their deep drilling program and how it will shape future open-pit versus underground development decisions. Understanding Visible Gold: The real-time exploration value of frequent visible gold observations in the core and its correlation with higher-grade pockets. Corporate Scale and Target Size: Comparing Sitka's growing resource base to multi-million-ounce intrusion-related gold systems like Fort Knox and Eagle.   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.

In this Sunday special edition of The KE Report, I sat down with Marc Chandler, Chief Market Strategist at Bannockburn Capital Markets and Editor of the Marc to Market website, to unpack a whirlwind week for global macroeconomics, geopolitics effects on the oil sector, central bank policy and how that factors into interest rates and currencies, and international markets.   Key Discussion Points: Strait of Hormuz Geopolitics and The Oil Price Response: We discuss the significant drop in crude oil prices over the last couple of weeks as a market response to the MOU signed between the US and Iran, but counterbalance the conversation with the renewed tensions to end the week and heading into the weekend. Inflation Expectations and Fed Policy: Two weeks after Fed Chair Warsh’s debut meeting, the market is pricing in a hawkish trajectory for the end of the year, which is affecting the short-end of the yield curve, while the longer-dated treasury yields are flattening. Mark weighs in on the key takeaways in the trends. The Surging US Dollar Index: Why the dollar is breaking out of its year-long range, achieving new highs against the Japanese Yen and Canadian Dollar, and defying widespread expectations of a decline. MAG-7 Leadership Rolls Over: We’ve seen many of the megacap tech stocks rolling over the last couple of weeks, and dissect whether this is healthy rotation into other sectors, or a more worrisome sign. SpaceX IPO Fallout For The Space Stocks:  We review the potential frothy market sentiment read of high profile IPOs like SpaceX and Anthropic, and what this means for the space sector valuations dropping most of this year. Mark points out that the increased issuance of shares overall in the market data means that the same money is chasing even more paper, and causing selling in some sectors to rotate into the new trending stories. International Market Movers:  We discuss interest rates, currencies, and stock markets abroad from Europe to Asia, and the trends and moves by specific countries that have Marc’s attention.   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. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.  

As mega-cap tech giants experience sharp rotations and growing pains over artificial intelligence expenditures, savvy investors are looking toward the broader macro picture for stability and alpha. In this KE Report Weekend Edition Rick Bensignor and Josef Schachter break down the underlying forces shifting today's markets, tracing the path from volatile tech stocks and cooling precious metals to the quiet accumulation phase developing within the global energy sector.    Segment 1 & 2 - Rick Bensignor, the President of Bensignor Investment Strategies and founder of the In The Know Trader website. Rick discusses the current broad-based market pullback, emphasizing that while the tech sector has driven recent momentum, massive rotation and specific stock movements are creating complex dynamics. He also shares thoughts on the precious metals pullback and copper market.  Click here to visit the In The Know Trader website - https://intheknowtrader.com/   Segment 3 & 4 - Josef Schachter, founder and editor of the Schachter Energy Report and the Eye on Energy newsletter (on Substack), discusses the current sharp decline in oil prices and previews key indicators like the bullish percentage index to identify potential buying windows for energy stocks. Josef also lays out his long-term bullish thesis for commodities and outlines top natural gas and oil stock picks that are approaching bargain levels.  Click here to learn more about The Schachter Energy Report - https://schachterenergyreport.ca/ Click here to follow Josef on Substack at his Eye One Energy Report. - https://josefschachter.substack.com/    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.

Dana Lyons, fund manager and editor of the Lyons Share Pro website, joins me for an in-depth discussion around a number of market sectors and provides his technical insights and trading strategies around general US equity markets, some specific sector ETFS, and then commodities and resources stocks as it relates to oil, gold, silver, copper, rare earths, lithium, bitcoin, international markets, and emerging markets.   He makes the point that many sectors are working, even as mega-cap tech leadership has been rolling over. We discuss portfolio trading strategies, monitoring relative strength, where to sell the rips, and where to buy the dips.   Sectors and ETFs specifically addressed in this conversation:   (RSP) Invesco S&P 500 Equal Weight ETF (RZG) Invesco S&P SmallCap 600 Pure Growth ETF (RFG) Invesco S&P MidCap 400 Pure Growth ETF (FBT) First Trust NYSE Arca Biotech ETF  (FXH) First Trust Health Care AlphaDEX ETF (JETS) US Global Jets ETF (XLE) State Street Energy Select SPDR ETF (OIH) VanEck Oil Services ETF (GLD) SPDR Gold Shares (GDX) VanEck Gold Miners ETF (SLV) iShares Silver Trust (CPER) United States Copper Index (COPJ) Sprott Junior Copper Miners ETF (COPX) Global X Copper Miners ETF (REMX) VanEck Rare Earth/Strategic Metals ETF (LIT) Global X Lithium & Battery Tech ETF (BTC/USD) Bitcoin (EWY) iShares MSCI South Korea ETF (EWT) iShares MSCI Taiwan ETF (EEM) iShares MSCI Emerging Markets ETF (IEMG) iShares Core MSCI Emerging Markets ETF     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. 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.    

Dustin Perry, Founder and CEO of Kingfisher Metals Corp. (TSXV:KFR) (OTCQB:KGFMF) (FSE:970), joins me to highlight the commencement of their fully-funded 15,000 metre 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.   2026 Drill Program Update   The first diamond drill has re-entered the 2025 Hank Porphyry discovery hole (HW-25-011) with the goal of extending mineralization beyond the previously reported intercept of 425 m of 0.15% Cu, 0.21 g/t Au, and 2.2 g/t Ag (0.40% CuEq).1,2,3 The original intercept bottoms in increasing Cu grades at 959 m depth where potassic alteration is identified and becoming more prevalent. The second drill will collar in the Hank Porphyry Target area, stepping out over 300 metres, and complementing the first drill.  The 3rd drill is set to arrive to site in early July and drill pads are being planned and set up.   2026 Field Program Underway   Reconnaissance prospecting and regional stream sediment sampling are also scheduled to begin shortly across the HWY 37 Project, with geological mapping and soil sampling scheduled to begin during the second week of July. Ground IP geophysics and the airborne Mobile Magnetotelluric (MMT) and magnetic surveys remain on track to commence around mid-July.   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:   Kilometre-scale geophysical anomalies: IP geophysics, magnetics, and magnetotellurics (MMT) anomalies all converging on the same broad target. 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.   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].   Click here to follow the latest news from Kingfisher Metals   For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.        

Jason Jessup, CEO and Director of Magna Mining (TSX: NICU) (OTCQX: MGMNF), joins me for a review of Q1 operations and financials at the McCreedy West Mine located in Sudbury, Ontario, Canada. Then we dive into an overall exploration and development update at the prior-producing Levack Mine, and a development update at Crean Hill to map out what the pathway to restarting production would entail at both mines.     We start off noting the graduation from the TSX Venture Exchange (“TSXV”) to the Toronto Stock Exchange (“TSX”). The Common Shares just began trading on the TSX at market earlier this week on Tuesday, June 23, 2026, and will continue to trade under the current stock symbol, (“NICU”).  Jason highlights the extra liquidity and potential for passive fund inclusion that this will present in the fullness of time.   Q1 Operations and Financial Highlights:   Positive cash margin of $6.0 million at the McCreedy West copper-precious metals-nickel Mine. In Q1 2026, 82,296 tons of ore was processed from the 700 Footwall Copper Zone at McCreedy West at a grade of 3.38% copper equivalent (“CuEq”) based on realized metal prices in the quarter. The Company produced 4.1 million CuEq payable pounds (“lbs”) in Q1 2026. With both tonnage and grades forecast to increase from Q1, the Company continues to expect to achieve full year production guidance of 16-18 million CuEq payable lbs. Quarterly cash costs of US$3.48 per CuEq lb, and All-in sustaining costs (“AISC”) of US$4.21 per CuEq lb, respectively. Production costs per ton processed in Q1 2026 declined by 5.3% quarter over quarter to $214 per ton.  Ended Q1 2026 with cash and cash equivalents of $35.8 million and a working capital balance of $53.7 million. Exploration and evaluation expenses in Q1 2026 of $2.8 million, including $2.3 million at Levack Mine as focus transitioned to infrastructure readiness to support early ore sources and new underground exploration platforms to test the R2 Footwall Zone, with completion of a Preliminary Economic Assessment (“PEA”) expected in Q3. During Q1 2026, the Company announced initial Mining Reserves for the 700/PM copper-precious metals Zones at McCreedy West which demonstrate an initial three-year production profile, assuming forecasted mining rates which are in line with the current operation and 2026 guidance.   We reviewed the continued high-grade drill results across copper, nickel, platinum, palladium, gold, and silver in more recent assays returned from the ongoing exploration and development work at the Levack Mine.   Highlights from the new assay results include:    MLV-26-14A W2 – intercepted 9.4% Cu, 2.3% Ni, 28.7 g/t Pt+Pd+Au, 52.9 g/t Ag (29.7% CuEq) over 3.4 metres, Including 18.7% Cu, 0.7% Ni, 60.2 g/t Pt+Pd+Au, 103.8 g/t Ag (57.0% CuEq) over 1.5 metres, And 21.4% Cu, 0.4% Ni, 40.8 g/t Pt+Pd+Au, 152.0 g/t Ag (34.0% CuEq) over 0.4 metres, MLV-26-14A W3 - intercepted 22.5% Cu, 1.4% Ni, 49.9 g/t Pt+Pd+Au, 135.0 g/t Ag (43.9% CuEq) over 1.1 metres;    And  14.0% Cu, 1.9% Ni, 47.2 g/t Pt+Pd+Au, 96.0 g/t Ag (36.2% CuEq) over 1.5 metres,   The Company is planning to release a Preliminary Economic Assessment (“PEA”) for the Levack Mine in parallel with work to re-establish ore and waste hoisting capabilities during 2026.  At present those economics will not include the high-grade drilling completed to date at the R2 Footwall Zone. Jason highlights that a development drift is being implemented to support ongoing underground exploration of this area, for the potential of future implementation into development plans.   Next we review the ongoing workstreams for Crean Hill that will be feeding into the upcoming PFS later this year.  He notes that the significantly higher precious metals today compared to back in 2022 will be a factor that plays into the updated economics, and maps out that the ramp-up into production could commence as early as H2 2027.   We wrap up discussing that the prior-producing Poldosky Mine and the development-stage Shakespeare Project are still both permitted assets of merit and will feed the development cue as mines number 4 and 5 further down the road.    Click here to follow along with the news at Magna Mining   If you have questions for Jason regarding Magna Mining, then please email me at [email protected].   In full disclosure, Shad is a shareholder of Magna Mining at the time of this recording, and may choose to buy or sell shares at any time.      For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.        

In this Company Update, I am joined by Charles Funk, President and CEO of Heliostar Metals (TSXV: HSTR | OTCQX: HSTXF), for an in-depth corporate update reviewing spectacular new drill assays at Ana Paula and La Colorada, upcoming feasibility milestones, and newly secured permits at La Colorada. Key Discussion Points: The Ana Paula High-Grade Panel: Charles breaks down the continuity and width of the recent infill drilling results, highlighting why Ana Paula is tracking to become one of the most profitable, lowest-cost gold mines in the industry. Unlocking the Deep Expansion Zone: We explore the geological upside sitting underneath the core high-grade resource, where step-out drilling that could significantly extend the mine's longevity. The "North Zone Linkage" Discovery: Charles introduces a brand-new structural trend connecting separate mineralized zones, adding a fresh layer of exploration potential. La Colorada's "Veta Madre Plus" Pit Expansion: We discuss the newly granted environmental permits and the strategic shift toward a larger pit design slated to add significant near-term production ounces by mid-2027. Insulated Growth and Insider Alignment: Learn how the company's conservative budgets and low all-in sustaining costs protect shareholders from equity dilution, plus nearly $1 million in recent insider buying.   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.

In this Daily Editorial on The KE Report, I chat with Joel Elconin, co-founder of the Pre-Market Prep Show and founder of the Stock Trader Network, to discuss a mixed week in US equities, where he highlights an “unsatisfied bid underneath the market.”   On the positive side of the market:   Micron Technology (MU) had an amazing day up over 15% after a solid earnings report and estimate beat, and this caused sympathetic buying in SanDisk (SNDK) up almost 22% on the day. It was a big day for hardware stocks. The financial stocks, consumer staples, mixed retail, utilities, biotech (XBI), Caterpillar (CAT) and Deere (DE) all have had constructive moves higher lately. Airline stocks and cruise stocks have been benefitting from the pullback in oil prices.   On the negative side of the market:   The MAG-7 megacap tech stock leadership has been rolling over lately, with Apple (AAPL), Nvidia (NVDA) , Meta (META), and Microsoft (MSFT) leading the charge down this week. The SpaceX (SPCX) IPO highlights excessive market speculation and after a very big launch, it has now crashed back down to Earth, with pricing very near now to where it initially came to market; creating a lot of new bagholders. Oil prices have collapsed since the MOU was signed between the US and Iran, but there was a slight lift today in oil and energy stocks on the news that projectiles were shot at a tanker by Iran in the Strait or Hormuz.     We debate how the wider market breadth rotating out of the megacap tech stocks into more areas of the market could show a healthier market, but Joel points out with the MAG-7 having a disproportionately high weighting in the S&P and Nasdaq, and with many institutions so heavily weighted to concentrated positions, that it has him leaning more neutral to bearish coming into the summer.   Click here to visit Joel’s PreMarket Prep website – https://www.premarketprep.com/   Click here to visit the Stock Trader Network – https://www.stocktradernetwork.com/       For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.    

Elaine Ellingham, President and CEO of Omai Gold Mines Corp. (TSX.V: OMG) (OTCQB: OMGGF), joins me for a special video presentation and visual exploration update, with mineralization expanding in the updated Resource Estimate to ~8 million ounces of gold in all categories, from the combined Wenot and Gilt Creek Projects at the Company’s 100%-owned Omai Gold Project in Guyana, South America.  We also discuss the dual path of the company now, split between exploration, and all the project derisking being factored into development and the upcoming updated economic study.   The Omai Gold Property hosts two orogenic gold deposits: the shear-hosted Wenot Deposit and the adjacent, intrusion-hosted Gilt Deposit (Figure 1), with a combined updated MRE (over the August 2025 MRE) of: 2,495,000 ounces of gold (Indicated MRE), a 17.6% increase, averaging 2.04 g/t Au in 38.1 Mt and 5,465,000 ounces of gold (Inferred MRE), a 24.7% increase, averaging 1.59 g/t Au in 106.6 Mt    That updated model will then be incorporated into the upcoming Preliminary Economic Assessment (PEA), slated for Q3 of 2026; building upon the prior PEA that was released in 2024, which was only on 45% of the mineral inventory focused on the open-pit at Wenot.  That prior PEA did not yet include rest of the resources at Wenot or the expanded profile in the updated MRE, nor did it include the underground project economics from the Gilt Creek deposit.  The updated PEA slated for next quarter will be more advanced and will factor in the combined economics of the open-pit at Wenot, and the underground at Gilt Creek, representing the value proposition of the total project more accurately.     Multiple zones of gold mineralization were intersected in each of the recent assays from the ongoing 50,000-metre diamond drill program.   *Highlights from the recent drilling include:   Hole 26ODD-169 – 2.90 g/t Au over 22.9m o Including 9.13 g/t Au over 4.1m o 2.64 g/t Au over 19.2m o Including 4.90 g/t Au over 8.9m Hole 26ODD-173 – 3.49 g/t Au over 16.9m o Including 13.21 g/t Au over 1.5m o Including 46.68 g/t Au over 0.6m o 3.86 g/t Au over 23.8m o Including 66.21 g/t Au over 0.8m o Including 28.33 g/t Au over 0.9m Hole 26ODD-173W – 2.63 g/t Au over 11.5m o 3.68 g/t Au over 8.1m o 2.62 g/t Au over 13.1m o 5.79 g/t Au over 7.7m Hole 26ODD-180 – 8.54 g/t Au over 20.6m o Including 25.89 g/t Au over 2.5m o Including 13.42 g/t Au over 5.8m o 3.43 g/t Au over 12.3m o Including 5.57 g/t Au over 5.4m Hole 26ODD-183 – 2.96 g/t Au over 14.3m o 1.57 g/t Au over 22.5m o Including 3.94 g/t Au over 5.5m Hole 26ODD-185 – 7.26 g/t Au over 34.8m o Including 19.94 g/t Au over 2.5m o Including 54.05 g/t Au over 1.5m o Including 9.83 g/t Au over 3.0m o 15.89 g/t Au over 1.9m o 1.71 g/t Au over 14.0m o 2.10 g/t Au over 10.9m o 7.22 g/t Au over 2.4m o 2.28 g/t Au over 6.9m   Next we discussed the favorable results from this first phase of metallurgical testing, and that both Wenot and Gilt are orogenic gold deposits that are responsive to reliable, industrially proven processing technologies and consistent with the historical production results. High gold extraction was achieved from testwork with 93% gold (“Au”) extraction at 1.0 g/t Au to 95% Au extraction at 3.2 g/t Au, from a material grind size of 80% passing 75 microns    Wrapping up we discussed the company valuation compared to peers on a P/NAV basis and price per ounce basis, some of the recent high-profile M&A deals in the sector includingG2 Goldfields in Guyana, the ongoing permitting process work towards the EIA, and other derisking work on the Project, gathering all this data to be utilized in the upcoming PEA.     If you have any questions for Elaine regarding Omai Gold Mines, then please email those to me at [email protected].   Click here to see the latest news from Omai Gold Mines.     For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Alex Langer, President and CEO of Sierra Madre Gold And Silver (TSXV: SM) (OTCQX: SMDRF), joins me to recap the Q1 operations and financial update at their La Guitarra silver-gold mine complex in Mexico, which includes 3 producing mines:  La Guitarra, Coloso, and Nazareno.   We look ahead to the 2-phase mill expansion and upcoming increased 30,000 meters of drilling planned across the La Guitarra property.  Additionally, we discussed the closing of the transaction for the Del Toro mining complex this week,  and the increased drill program to 30,000 - 50,000 meters of drilling at the property starting in the second half of this year.   Highlights Revenues: Gross silver revenues for the quarter totalled $5.9 million ($85.14 per ounce) and gold revenues totalled $5.1 million ($4,906 per ounce). Silver revenues for the quarter ended March 31, 2025 ("Q1 2025") totalled $2.3 million ($31.13 per ounce) and gold revenues totalled $2.9 million ($2,828 per ounce). Sales: In Q1 2026, the Company sold 69,006 ounces of silver ("Ag") and 1,038 ounces of gold ("Au") or 128,827 silver equivalent ("AgEq") ounces, based on the ratio of silver and gold prices realized for each shipment in the quarter. This compares to 75,137 ounces of Ag and 1,022 ounces of Au or 165,093 AgEq ounces sold in Q1 2025. Cash Costs for the quarter were $42.55 per AgEq ounce produced, as compared to $33.63 per AgEq ounce produced in Q4 2025 and $22.51 in Q1 2025 due to a number of factors including the ramp up of operations at Coloso and Nazareno and inflationary pressures on our input costs, as detailed below. Adjusted EBITDA of $2.8 million for Q1 2026 compares to $1.1 million for Q1 2025. Cash from Operations: the Company generated $3.5 million of cash from operating activities in Q1 2026 as compared to $729 thousand in Q1 2025. Gross Profit was $3.61 million for Q1 2026, as compared to $1.36 million for Q1 2025. Cash and cash equivalents and short-term investments at March 31, 2026 totalled $13.2 million and working capital totalled $14.4 million. Cost Drivers: Ramp-up and development activities at Coloso and Nazareno drove a significant share of the current production from off-book, out-of-resource, lower-grade material, which weighed on unit mining costs. Gold and silver recovery declines stemmed from feed blend optimization across the three mines, further pressuring costs.  Coloso and Nazareno: Mining restarted at the higher-grade Coloso underground mine at the end of Q1 2025 (estimated resource grades at Coloso are significantly higher in both silver and gold compared to the Guitarra mine veins). In September 2025, Sierra Madre also announced the restart of mining at the Nazareno mine. The Company is focused on ramping up operations at Coloso and Nazareno ahead of the increased plant throughput levels anticipated upon completion of Phase I of the Guitarra expansion. Phase I and II production targets: In late April, Sierra Madre selected a special services contractor to provide equipment and manpower to accelerate mine development at Coloso and Nazareno. The contractor began mobilization to site in early May. Once the contractor is in place, the Company will be able to transfer its miners and equipment to the Guitarra mine to accelerate production. Expansion Progress: For the two-phase expansion of the La Guitarra plant, Sierra Madre has acquired key equipment— including a second crusher (tested and installed) and a 600-700 tpd ball mill, now refurbished and under contract for installation, with commissioning expected in late Q2 2026. Construction crews for the ball mill foundation work have been mobilized to site and the purchase of critical equipment has begun. 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. Now that the acquisition of the Del Toro Silver Mine complex in the Chalchihuites District in Mexico from First Majestic Silver Corp. has closed, 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.

Nick Hodge, Co-Owner of Digest Publishing and editor of Foundational Profits and Underground Alpha, joins us for our monthly longer-format discussion on assortment of messy macroeconomic factors, how he is navigating the bearish metals price trends, and portfolio management strategies in select gold, copper, lithium, rare earths, and uranium stocks.   We start off reviewing the mix of messy macroeconomic movers like: Market effects from the rising US Dollar – over 100 and climbing Rising short-term interest rates at the short-end of the yield curve due to Fed policy and Warsh’s meeting and press conference last week; contrasted against flattening rates at the long-end of the curve Rising inflation readings, but wild fluctuations between monthly and quarterly trends Knock-on effects from geopolitics and continued uncertainty around the US/Iran MOU and supposed reopening of the Strait of Hormuz. Fluid situation causing increased volatility and impulsive reactions in both directions Sovereign debt loads and how rising rates will pressure global governments Capex investments in AI data-center build-outs are ongoing.      The majority of the macro news has been a headwind to the commodities sector, but it is a messy situation because there are positive tailwinds present at the same time.  We discussed the pullback in oil prices, in precious metals prices, and copper prices and how Nick is navigating these markets. After touching the hot stove in a few instances, (after taking a nibble at the GDXJ only to see it fall a bit further), he is not interested in trying to pick a bottom or “catch the falling knife” in most commodities. Nick would prefer to see a sustainable real low put in for each respective commodity, like the PMs or Oil or Copper, and for a new uptrend to assert itself before deploying any more new capital. He is more than happy to have a certain portfolio weighting to cash to wait out any more near-term market corrections, and is willing to deploy more cash once the turn higher is more clear.   With regards to portfolio management, Nick is concentrating his portfolio into less positions and fortifying his highest conviction investment stories with compelling catalysts.  He is more likely to trim or sell positions that were picked up based on bullish metals price direction, or as a result of spinouts, or where he is not as confident on the assets or management teams.  He recommends investors take inventory of what they own, and the investment case for why they own it and only be in the higher conviction stories.   Nick highlighted Gladiator Metals Corp. (TSXV: GLAD) (OTCQB: GDTRF) for copper, and Revival Gold Inc. (TSXV: RVG) (OTCQX: RVLGF) for gold as 2 positions he has held for some time in his portfolio that he is happy to hold through any more volatility and even add to in their weighting.  He points out that both companies have solid management teams and projects, and both still have a lot of drilling on tap for this season as a catalyst. There are also gold stocks on his watchlist that are becoming more attractive during this ongoing sector correction, like Mayfair Gold Corp. (TSXV: MFG) (NYSE American: MINE), Tiernan Gold Corp. (TSXV : TNGD), or copper stocks like Amerigo Resources Ltd. (TSX: ARG) (OTCQX: ARREF) or Ero Copper Corp. (TSX: ERO, NYSE: ERO) that he is keeping a close eye on for a potential future position.   When reviewing where he is seeing the most strength in the commodities sector, Nick highlights the Critical Minerals as having been the most resilient. He points out that the Global X Lithium and Battery ETF (NYSE: LIT) and lithium developers like Q2 Metals Corp. (TSX.V: QTWO) (OTCQB: QUEXF) and PMET Resources Inc. (TSX: PMET) (ASX: PMT) (OTCQX: PMETF) have held up better than most other metals or resource stocks. Nick highlights the ongoing direct investment and policy initiatives into the rare earths processors, separators, recyclers, noting prior investments into USA Rare Earth, Inc. (Nasdaq: USAR), MP Materials (NYSE: MP), or the news this week where Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) was approved for a $725 million financing commitment from the Department of War, U.S. Office of Strategic Capital, to support infrastructure and capacity to process rare earth elements and other critical materials. Uranium and nuclear stocks have also been soft ever since the big move up in January, but Nick outlined the continued support from many sovereign nations to invest in both their nuclear infrastructure as well as uranium miners with projects of significance. Cameco Corporation (TSX: CCO; NYSE: CCJ) announced yesterday a conditional commitment for a loan package of up to US$17.5 billion by the US Department of Energy’s (DOE) Office of Energy Dominance Financing (EDF) to reenergize the large-scale nuclear reactor supply chain, drive down costs, and accelerate the deployment of AP1000 reactors in the US and globally.   Click here to follow Nick’s analysis and publications over at Digest Publishing     For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.    

Justin Huhn, Founder and Publisher of the Uranium Insider, joins me for yet another very comprehensive macro update on the supply and demand fundamentals for uranium and the nuclear fuel sector.  Justin provides some boots-on-the-ground feedback, after just recently attending the  WNFM 52nd Annual Meeting and International Conference on Nuclear Fuel in Scottsdale, Arizona. We discuss primary versus secondary demand, how the longer-term contracting cycle is setting up with utility companies, different bottlenecks in the nuclear fuel cycle, and how he is positioning in the uranium equities that feed the front-end of that supply chain.   This is a longer-format discussion building upon our prior conversations throughout 2024 and 2025, because even more key macro news and company developments continue to be announced in the nuclear and uranium sector.   We start off reviewing the Primary Demand drivers for uranium from the existing global fleet of nuclear reactors, which is augmented by the many reactor life extensions and restarts, as well as all the new reactors coming online over the next decade that are under construction or planned.  The investing case for uranium bulls is compelling even with conservative modeling on this primary demand out for the next 5-10 years.   Next we layer on the various aspects of Secondary Demand that are harder to model,  but will definitely have an additive effect on overall global uranium demand:   Financial demand from entities like the Sprott Physical Uranium Trust, Yellowcake, hedge funds, institutional buyers, etc… Sovereign stockpiles and strategic reserves Utility companies inventory stockpiles Small Modular Reactors (SMRs) demand Military demand   Next we transition over the supply side of the equation focusing on the uranium mining companies. We’ve seen a flurry of news the last couple years out of the U308 producers, many of which have been struggling to ramp up production. Justin unpacks his outlook on mined supply from Kazatomprom, the largest uranium swing producer in Kazakhstan, the slow ramp up of Uzbekistan production, missed guidance last year from Canadian senior uranium producer Cameco (CCO.V) (CCJ), and the slow but steady ramp up of US producers. Each country and the producing entities have had a series of setbacks and challenges to hit their annual guidance, which has kept supply and inventories tight.     Next we point out that large development projects in the Athabasca Basin of Canada, like the Phoenix Project held by Denison Mines (TSX: DML) (NYSE: DNN), and in specific the importance of the Arrow Project from NexGen Energy (TSX: NXE) (NYSE: NXE), seeing their production timelines get pushed back to 2030 or later. There is very little new supply coming online globally, with the exception of some smaller production out of the US, Namibia, and Australian producers. All of this points to a much more constrained output from global uranium producers, even in face of growing uranium demand.   Justin weighs in on the importance of seeing more developers and explorers move their projects forward, and that the exploration stocks in particular have been left for dead by investors and represent compelling value propositions in this current environment.   Wrapping up we discuss the utility and diversification with some of the sector ETFs like (URA), (URNM), (URNJ), and (NUKZ), and the interesting potential buy-the-dip moment in the nuclear stocks, while the markets are quiet with less speculative participation.   Click here to visit the Uranium Insider 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.  

John Miniotis, President and CEO of AbraSilver Resource Corp (TSX: ABRA) (OTCQX: ABBRF), joins me to review the news out June 22nd, announcing the updated project economics in the Definitive Feasibility Study (“DFS) on the Company’s wholly owned Diablillos property in Argentina.  We look at the multiple value levers the company has to pull on for a rerating to higher once the upcoming Phase 2 economics study incorporates the heap leach or higher throughput rates, in addition to all exploration and resource expansion potential and even just the upside present if rerated higher to peer comparable metrics.   In May the company released an updated Mineral Resource Estimate (“MRE”), which demonstrated 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”). For the first time ever, the DFS released this week includes the Project reserves as proven and probable ounces. Increased Proven and Probable Mineral Reserves of 77.9 Mt grading 146 g/t Ag Eq, containing 183 Moz Ag and 1.8 Moz Au (366 Moz AgEq), estimated from an open pit optimized using metal prices of $29.50/oz Ag and $2,800/oz Au.   The DFS positions Diablillos as one of the world's premier undeveloped silver-gold projects, based on a stand-alone 9,000 tonnes per day (“tpd”) processing operation that delivers robust economics, high early production levels and low operating costs.   DFS Study Highlights: After-tax NPV5% of $3.0 billion (CAD$ 4.2 billion), 41.9% IRR and 1.7-year payback at base-case metal prices. At spot prices1, after-tax NPV5% increases to $4.8 billion (CAD$6.7 billion) with an IRR of 56.5% and payback of 1.4 years. Average annual production of 20 Moz silver equivalent (“AgEq”) during the first five years of full mine production, comprised of 14 Moz Ag and 89 koz Au; Average life-of-mine (“LOM”) annual production of 10 Moz AgEq, comprised of 5.9 Moz Ag and 62 koz Au over a 25-year life of mine (“LOM”). Low All-in Sustaining Cash Costs (“AISC”)2 of $20/oz AgEq over the LOM – positioning Diablillos among the lowest-cost primary silver projects globally.  Initial capital expenditures of $722 million (including $98 million contingency) with subsequent sustaining capital of $520 million funded through operating cash flow.  Compelling after-tax NPV-to-Capex ratio of 4.2x, highlighting the Project’s robust project economics and strong value generation potential. Increased Proven and Probable Mineral Reserves of 77.9 Mt grading 146 g/t Ag Eq, containing 183 Moz Ag and 1.8 Moz Au (366 Moz AgEq), estimated from an open pit optimized using metal prices of $29.50/oz Ag and $2,800/oz Au. First production targeted before year-end 2029, subject to a final investment decision (“FID”) expected in Q2 2027. Multiple opportunities exist to further enhance Project value beyond the DFS, including: A Phase 2 heap leach expansion to process lower grade mineralized material that would provide incremental gold and silver production, with results from a Preliminary Economic Assessment (the “Heap Leach PEA”) expected before the end of June 2026; Potential future plant throughput expansion to increase annual silver and gold production; and Continued exploration success across the broader Diablillos district Enhanced TSF incorporates a downstream waste rock buttress design, to eliminate credible failure risk while reducing haulage costs and dust generation. Grid power connection planned in Year 3, reducing both operating costs and carbon emissions.    The Compnay has already received approval of the Environmental Impact Assessment (EIA)  {“Declaración de Impacto Ambiental” or “DIA”} from the Government of Salta Province in Argentina, and should have the final permit approved from the Catamarca Province imminently.   Click here to visit the AbraSilver website and read over the most recent news releases.      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.     For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.    

In this Daily Editorial, Craig Hemke, Founder and Publisher of the TF Metals Report, joins me to analyze the unusual intra-day swings in the precious metals market ever since the signing of the US/Iran MOU ending the war, and since Kevin Warsh chaired his first FED meeting and addressed the markets last week.   In this episode, we cover:   Technical Levels to Watch:   Craig comments on the break-down in gold and silver below the 200-day moving average, resulting in weakening pricing momentum. This is creating the potential for gold to dip below it’s double bottom around $4,100 and silver to retest or dip below its double bottom around $61.   Even if gold breaks below $4,000 into the mid $3,000s or if Silver breaks $61 and heads down to the $54 support level from last falls “double-top,” Craig points out that still would not invalidate the larger bull market trend of the last few years. He points out we may need that last capitulation move this summer to wash out any remaining weak hands, and to then base and bring in the new buyers that cause shorts to cover and begin a new upleg. We review again the very low “open interest” levels on the COT report, and how this lower level of market participation can cause unusual intra-day price swings in both directions.   Kevin Warsh’s First Fed Meeting and Press Conference:   We contrasted the outlook and approach Kevin Warsh outlined last week versus the approach to data collection and forecasting that his predecessor Jerome Powell had taken. The markets took Warsh’s comments "this committee will deliver price stability,"  to be a hawkish hold, since he indicated focusing on the higher inflation readings. The Fed funds futures are now anticipating 1-2 rate hikes this year versus the initially market anticipated rate cuts, coming into this year.   The Macroeconomic Fundamentals Haven’t Changed:   Sovereign debt remains at record levels and most nations can not endure interest rates that go up to drastically. Throughout history, central banks have opted for printing more money and driving interest rates meaningfully lower, to inflate their way out of economic challenges, and to pay off higher interest debt with lower-rate debt.  Even if we see some initial hawkish rate hikes, Craigs doesn’t anticipate that we’d have long to wait after that before monetary policy adjusts course in the opposite direction, in a more dovish playbook. Overall, central banks continue to add gold to their balance sheets versus adding more US or foreign treasuries. We also noted that many individuals and financial institutions have been rotating some of their bond holdings into the precious metals complex. All that really changed over the last few months was the black swan of a war in the Middle East; and now that it appears to be winding down, we'll see if the prior pre-war trends reassert themselves over the fullness of time.   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. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this weekend’s show, we take a step back from the daily price grinds to examine the massive, structural shifts occurring across the metals and energy markets. From re-valued investor psychology to geopolitical choke points, the big picture is anything but quiet.    Segment 1 & 2 - Jeff Christian, managing partner at the CPM Group, kicks off the show to discuss structural changes and evolving investor psychology within the precious metals market. He highlights how robust investment demand is driving a long-term upward revaluation of assets like gold and silver, which he expects will lead to higher average prices despite short-term corrections.  Click here to visit the CPM Group website to learn more about the firm - https://cpmgroup.com/   Segment 3 & 4 - Dan Steffens, President of the Energy Prospectus Group, discusses the current volatility in the energy sector, highlighting the critical decline in domestic and global oil inventories despite recent diplomatic developments. He also provides an outlook on the financial resilience of upstream companies, emphasizing the strong dividend yields and growth potential within the oil services and natural gas markets.  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.  

Terry Lynch, CEO of Power Metallic Mines Inc. (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV1), 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.  Additionally, we touch upon their new JV in Saudi Arabia.   We start off with a financial update where the Company announced on June 10, 2026 the closing of its previously announced "best efforts" private placement for aggregate gross proceeds of C$28,228,750, which includes a lead order from Eric Sprott.    This capital provides the company with the ability to execute on a fully-funded exploration program on multiple targets on the ongoing 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 at depth for the potential “Elephant Zone,” as well as at Lion West and the Tiger Deep Zone.  Terry highlighted some of the surprising gold intercept values when testing Lion Deep that will get some follow-up work. Additionally, new polymetallic targets are being tested in fan holes at the Hydro Fold-Hinge Zone, which will utilize borehole EM technology.    Additional assays from its winter 2026 drill program continue to come in with all assay results expected by mid-June for adding to the MRE. New drill results include 10.30m @ 4.04% CuEq and 4.07m @ 8.73% CuEq, with metallurgical testing confirming strong recovery potential from disseminated low-grade zones. Building on the recent Muon Tomography program launched on May 13, the Company is deploying three advanced geophysical surveys to accelerate the hunt for deeper high-grade Ni-Cu-PGE mineralization. Power Metallic is planning an Ambient Noise Tomography (ANT) survey on the Nisk Far West target, completing a gravity survey over the Lion area, and completing a superconducting quantum magnetometer SQUIDs survey over the Lion area. These state-of-the-art techniques will sharpen targeting for the Lion Zone extensions and new discoveries across the expanding property, leveraging Power Metallic's significant 2025 land acquisitions.   One of the larger upcoming Company milestones will be completing the work building towards an initial NI-43-101 Mineral Resource Estimate (MRE) on the Lion Zone and an update of the Nisk Ni-Cu-Pd deposit MRE with completion and reporting of estimates by the end of July. This MRE will form the basis for a Preliminary Economic Assessment (PEA) to begin immediately following the completion of the MRE.   On May 19, 2026, Power Metallic announced that it entered into a strategic alliance and joint venture framework agreement with Amaar United Mining Company ("Amaar Mining"), a Saudi Arabian company affiliated with Amaar Holding, to jointly pursue mining license opportunities in the Kingdom of Saudi Arabia. The agreement marks the next step in Power Metallic's expansion strategy in Saudi Arabia following the Company's award of the Jabal Baudan exploration license in the Jabal Sayid Mineralized Belt. Under the agreement, Power Metallic and Amaar Mining intend to cooperate in future Saudi mining license auction rounds and other mutually agreed opportunities, combining Power Metallic's technical, geological, and exploration capabilities with Amaar Mining's local strategic presence, coordination capacity, and regulatory interface experience in the Kingdom.   Click here to follow the latest news from Power Metallic Mines     For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this special Friday editorial edition of The KE Report, we sit down with Marc Chandler, Managing Partner at Bannockburn Global Forex and Editor of the Marc to Market website, to unpack a whirlwind week for global macroeconomics and central bank policy. Key Discussion Points: The New Era at the Federal Reserve: A deep dive into Fed Chair Warsh's debut meeting, his lean toward "strategic ambiguity," and why the market is now pricing in a hawkish trajectory for the end of the year. The Surging US Dollar Index: Why the dollar is breaking out of its year-long range, achieving new highs against the Japanese Yen and Canadian Dollar, and defying widespread expectations of a decline. Yield Curve and Global Rate Differentials: An analysis of the flattening 2-to-10-year yield curve and how widening interest rate differentials between the US, Europe, and Japan are acting as a powerful tailwind for the greenback. Commodities and Looming Macro Risks: Why a significant pullback in crude oil prices is reshaping inflation expectations, contrasted against potential supply shocks in agriculture and shifting geopolitical risks in the Middle East. Market Psychology: Optimism or Complacency?: A candid look at whether current equity markets are priced to perfection, the signals to watch next, and how investors can use disciplined trailing stops to protect their portfolios in a late-stage bull market.   Click here to visit Marc’s site - Marc To Market - https://www.marctomarket.com/   ------------------------------ For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad’s resource market commentary: https://excelsiorprosperity.substack.com/   Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this KER QuickTake, Cory and Shad provide an inside look at the recent dramatic shifts across the commodity landscape. We analyze everything from the short-term summer doldrums to the broader resource cycle, offering perspective on where investors can still find massive opportunities. Key Discussion Points: Precious Metals Technical Damage: A breakdown of how gold, silver, GDX, and SILJ have broken down on short and now medium term charts.  The BPGDM Sentiment Gauge: How the Gold Miners Bullish Percent Index recently flagged an ultra-rare extreme reading, and what it means for short-term traders. A Flood of Free-Trading Paper: Analyzing a massive, multi-billion-dollar wave of newly tradeable stock hitting the junior sector and its downward pressure on current momentum. Copper as the Outperformer: Why copper remains in a textbook bull market and where the opportunities in the equities are. Crude Oil and Energy Volatility: Assessing the structural damage to the oil markets, the reality of depleted strategic reserves, and why energy stocks still hold long-term value. Please let us know your thoughts! Our email addresses are [email protected] and [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 chat with Craig Nicol, Founder and CEO of Graphene Manufacturing Group (TSXV: GMG / OTCQX: GMGMF), to discuss the company’s latest operational milestones and future growth strategy. Craig breaks down recent news regarding their additional EPA application in the United States and answers a variety of investor questions spanning multiple product divisions. Key discussion points include: US EPA Application: An overview of the integration of G® Lubricant and THERMAL-XR®, and what the ability to manufacture graphene directly in the US means for the company's North American expansion plans. Commercial Sales Trajectory: A look into GMG's rapidly growing sales team, the current state of global product trials with major corporations, and the timeline for reporting substantial revenues. Battery Division Innovations: A deep dive into the energy density of their graphene aluminum-ion batteries, including how they achieve a zero-to-100% charge in just six minutes without the need for cooling systems. Next-Generation Products: A sneak peek into how GMG plans to leverage its existing distribution channels to bring new thermal management solutions to market.   Please keep the questions coming! Email me at [email protected].   Click here to visit the GMG website to learn more about the Company - https://graphenemg.com/   ---------------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad’s resource market commentary: https://excelsiorprosperity.substack.com/   Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.  

Sean Brodrick, Editor of Wealth Megatrends, Supercycle Investor, Resource Trader, and contributing analyst to Weiss Ratings Daily, joins me to discuss his investing outlook across multiple resource and energy sectors, now that there is a de-escalation in the Iran war and the potential reopening of the Strait of Hormuz.  He shares how he is viewing oil, natgas, nuclear and uranium, copper, gold, silver, and other critical minerals and defense metals like rare earths, antimony, and tungsten.   We start off discussing why he remains medium-term bullish on the traditional energy sector, and why he is not abandoning his oil and natgas stocks just because oil prices have pulled back on the potential Iran peace deal.  Sean points to the substantial damage to energy infrastructure in a few countries in the Middle East, and outlines that the recovery will take time and be a process.   He also brought up how the higher energy prices may have accelerated some consumers and even countries to transition over sooner to electric vehicles. This led into a discussion on the sources of power generation that stood to benefit in that scenario, which Sean highlighted would be a boon for natural gas and nuclear power plants, and that he still has exposure to power and utility stocks for exposure to that megatrend.    The discussion on power generation naturally pivoted into the supply/demand picture developing for copper and copper stocks.  Copper stocks have held up much better than the precious metals over the last few months, and copper prices are still up near all-time high levels.  Sean flagged some of his copper positions as having been some of of the more profitable areas of his portfolio over this year, and is holding onto what he has, and recommending a new copper/gold producer to his subscribers this week.   The conversation then turned to the recent bounce in the precious metals sector.  We noted how gold, silver, and the precious metals equities had violated their 200-day moving average support over the last 2 weeks, with a very hard selloff last week, that eventually gave way to a rebound starting the end of last week and carrying, thus far, into the first couple days of this week.  Sean has been nibbling a little bit lately on PM stocks into this bounce, but wants to see more follow-through strength to get more aggressive in adding to positions.   Rounding out the commodities sector, we shifted over to his constructive view of defense metals like the heavy rare earths, antimony, and tungsten, and how he expects to see more direct investments and policy and fiscal support for critical minerals projects.   Wrapping up we mused on if the SpaceX IPO and Anthropic IPO were causing rotation out of the resource stocks, and could be responsible for some of the recent weakness across the sector.   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.  

Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to discuss stock selection into deep value developers and alpha catalyst explorers to build an ‘all-weather’ portfolio in gold, silver, copper, and uranium equities, that are more resilient to bear market corrections.  He also outlines how he is approaching rebalancing his portfolio from a high-conviction standpoint, and by weighting his positioning heaviest to the junior resource stocks with compelling alpha catalysts on tap in their coming newsflow.    With regards to the junior resource stocks, his perspective is that bear-market corrections hurt sector beta stocks worse, since they are far more dependent on the metals price direction, versus juniors with alpha catalysts that will perform well in any metals price environment if they execute on their work initiatives.   He further outlines that focusing on alpha catalysts in junior resource stocks, can end up meaning less outperformance during the really bullish periods, but conversely less downsize pressure during sector corrections.   Erik highlights some positive catalysts in a few more advanced developers like Montage Gold Corp. (TSX: MAU, OTCQX: MAUTF), Cerro de Pasco Resources Inc. (TSXV: CDPR) (OTCQX: CDPMF), and District Metals Corp. (TSXV: DMX) (Nasdaq First North: DMXSE SDB) (OTCQX: DMXCF)   Additionally, Erik points to the positive risk/reward value proposition in the earlier-stage exploration companies that are going after tier-one discoveries with strategic partner funding in the NewQuest Capital group:  Inflection Resources Ltd. (CSE: AUCU) (OTCQB: AUCUF),  Headwater Gold Inc. (CSE: HWG) (OTCQX: HWAUF), and Red Canyon Resources Ltd. (CSE: REDC | OTCQB: REDRF).   Click here to follow Erik’s analysis over at The Hedgeless Horseman website    * 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.     For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Daily Editorial, we are joined by Dave Erfle, the founder and editor of the Junior Miner Junky. Following a challenging week for precious metals, Dave provides a breakdown of the recent technical reversals, macro shifts, and what lies ahead for major producers and junior miners alike. Key discussion points include: The Precious Metals Rebound: Why recent technical breakdowns on the daily and weekly charts didn't prevent a powerful short-term turnaround, and what these potential island reversals mean for the sector's immediate direction. Fed Speculation and Macro Pressures: How upcoming central bank decisions, persistent inflation realities, and geopolitical resolutions are reshaping investor expectations for the back half of the year. The Valuation Disconnect in Mining Equities: The gap between current producer stock prices and their record-breaking profit margins, highlighting a historical anomaly in how the market values cash-flowing miners. Mexico's Shifting Permitting Landscape: The major underground permitting breakthrough for a junior miner in Mexico.   Click here to visit the Junior Miner Junky website to learn more about Dave’s investment letter - https://www.juniorminerjunky.com/   ----------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad’s resource market commentary: https://excelsiorprosperity.substack.com/   Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Company Update, I chat with Garrett Ainsworth, President and CEO of District Metals (TSX.V:DMX - OTCQX:DMXCF - Nasdaq First North: DMXSE SDB), to discuss recent legislative changes impacting the mining sector in Sweden. Garrett sheds light on what this regulatory shift means for the future of resource development, how it streamlines the pathway for advanced projects, and the broader political landscape ahead of Sweden's general election.    Key Discussion Points Swedish Legislative Shift: An overview of the parliament's decisive vote to eliminate the municipal veto on uranium processing, streamlining the pathway for energy metals. Implications for District Metals: A look into how these regulatory updates align with the company’s long-term portfolio strategy in Sweden. Political Outlook & Alum Shale Inquiry: An overview of upcoming political milestones, including the September general election and the scope of the ongoing government inquiry. Upcoming Exploration & Work Programs: An entry into the company's immediate plans, featuring upcoming drill programs, airborne surveys, and detailed economic impact studies.   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.

Mark Ayranto, President and CEO of Silverco Mining Ltd. (TSXV: SICO) (OTCQB: SICOF), joins us for a comprehensive overview of the development work and ramp up into production on tap at their La Negra Mine and then their past-producing Cusi Mine, both located in Mexico.  We also discuss the 45,000 meters of drilling that will be split between the 2 projects, and their 3-year growth plan.   The La Negra Mine is a currently producing underground silver-lead-zinc-copper mine that was restarted in 2024 and is currently operating at 55% of its 2,500 tonne per day capacity. Mining is completed using room and pillar and long hole methods and the processing plant employs a standard crushing, grinding, flotation, and filtration circuit producing lead-silver, copper-silver, and zinc concentrates. The project is located along the Sierra Gorda Belt within a land package that has seen limited exploration over the last two decades.  The Company plans to conduct 15,000-20,000 meters of drilling across the project to grow resources and expand the production profile.   The Cusi Property includes a past-producing underground silver-lead-zinc-gold project approximately 135 kilometres west of Chihuahua City and a 1,200 tonne per day mill with tailings capacity approximately 40 kilometres from the mine. The project boasts excellent infrastructure, including paved highway access and connection to the national power grid. Cusi lies within the prolific Sierra Madre Occidental gold-silver belt and hosts multiple historical silver-gold-lead-zinc producing mines and several significant exploration targets. A recent Preliminary Economic Assessment outlined compelling economics for a restart that is targeted to begin in H2 2026. The Company plans to conduct 30,000 meters of drilling across the project and new land concessions to grow resources and expand the production profile.     If you have any follow up questions for Mark regarding Silverco Mining, then please email those in to us at [email protected] or  [email protected].   In full disclosure, Shad is a shareholder of Silverco Mining at the time of this recording and may choose to buy or sell shares in the market at any time.   Click here to follow the latest news from Silverco Mining   For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.  

In this Daily Editorial, Craig Hemke, founder and editor of the TF Metals Report, joins us to analyze the recent surge in the precious metals market. With gold and silver breaking key technical levels, we discuss whether this is a sustainable trend or just a "dead cat bounce." In this episode, we cover: Technical Levels to Watch: Craig breaks down the "double bottom" in gold and silver and explains why staying above the 200-day moving average is critical for a bullish outlook. The Dollar Correlation: Why the US Dollar Index (DXY) staying in a tight range is actually providing a tailwind for metals, and what happens if it breaks below 98. Technical vs. Fundamental Analysis: A deep dive into the never-ending debate—does the technical chart predict the future, or are the fundamental drivers of debt and inflation the only things that truly matter?   Click here to visit Craig’s website - TF Metals Report - https://www.tfmetalsreport.com/   ------------------------ For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad’s resource market commentary: https://excelsiorprosperity.substack.com/   Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Daily Editorial, we chat with TG Watkins, Director of Stocks at Simpler Trading and Editor of the Profit Pilot website. Following major headlines of a U.S.-Iran peace deal, the market is experiencing a massive broad-based rally. TG joins us to break down whether this upward trajectory is sustainable and where savvy investors should look next. Key Discussion Points Broad Market Expansion: Discover why the current rally is broadening out significantly beyond just mega-cap tech giants, and how the Russell 2000 (IWM) and equal-weight S&P (RSP) are showcasing underlying market strength. Interest Rates & Inflation Outlook: TG shares his contrarian perspective on why treasury yields (TNX) and inflation may have topped out, creating a favorable backdrop for real estate, biotechs, and consumer stocks. Emerging Tech & Space Sectors: Get a fresh take on the highly anticipated SpaceX IPO and learn how to navigate the high-volatility space and quantum computing sectors without getting caught at the top. The Evolving Crypto Verse: From the shifting dynamic of crypto miners into AI power generation to a technical breakdown of Bitcoin, Ethereum, and MicroStrategy (MSTR), find out if a digital asset turnaround is on the horizon. Precious Metals & Copper Analysis: An in-depth look at whether Gold (GLD) and Silver (SLV) have officially found their major support floors after testing key moving averages, contrasted against a consistently powerful Copper market. Stocks & Symbols Mentioned Indices & Funds: S&P 500, Nasdaq, Dow Jones, Russell 2000 ($IWM), S&P Equal Weight ETF ($RSP), Financial Select Sector ($XLF), Regional Banking ETF ($KRE), Biotech ETF ($XBI), Genomics ETF ($ARKG) Equities & Crypto Assets: MicroStrategy ($MSTR), Bitcoin ($BTC), Ethereum ($ETH), Coinbase ($COIN), TeraWulf ($WULF), Hut 8 ($HUT), Iris Energy ($IREN), Clsk ($CLSK), Marathon Digital ($MARA), Oklo Inc. ($OKLO), Warby Parker ($WRBY), Instacart ($CART) Commodities & Treasuries: Gold ($GLD), Silver ($SLV), iShares Silver Trust ($SLV), 10-Year Treasury Yield ($TNX), iShares 20+ Year Treasury Bond ETF ($TLT)   Click here to visit TG’s site - Profit Pilot - https://www.profit-pilot.com/   Click here to visit the Profit Pilot YouTube page - https://www.youtube.com/@Profit-Pilo   ---------------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad’s resource market commentary: https://excelsiorprosperity.substack.com/   Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

The long-term bullish narratives surrounding precious metals are hitting a massive wall of technical resistance, while the broader equity markets are staging a quiet show of internal strength. In this Weekend Show, we strip away the mainstream noise to give investors an actionable reality check. Technician Richard Postma ("Doc") breaks down the structural chart damage done to gold and silver, revealing why a secular bull market won't save you from a multi-year cyclical beatdown. Next, fund manager Dana Lyons shifts the lens to equities and energy, mapping out the stark divergence between fading tech momentum and a resilient broader market, alongside a technical blueprint for copper and oil.  Segment 1 & 2 - Richard Postma, AKA Doc, kicks off the show with a deep dive into the charts for precious metals. Doc explains that gold and silver have entered a prolonged cyclical bear market. Despite this bearish short-term outlook, he emphasizes that the overarching secular bull market remains intact and advises listeners to look at this correction as a prime accumulation opportunity, specifically recommending the purchase of high-cash-flow producers with low price-to-earnings ratios once the market bottoms out.    Segment 3 & 4 - Dana Lyons, fund manager and editor of the Lyons Share Pro website, provides his technical insights on gold, copper, uranium, oil, tech and AI stocks, international markets, and cryptocurrencies.   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.

Brett Marsh, President and CEO of Spartan Metals (TSX-V: W) (OTCQB: SPRMF) (FSE: J03) joins us for a comprehensive overview of the exploration and development work on tap for this year in this tungsten-focused Company.  Their team has secured two key critical minerals projects in two well-established and stable mining jurisdictions in the Western United States; with an emphasis on building a portfolio of diverse strategic defense minerals such as Tungsten, Molybdenum, Rubidium, Antimony, Beryllium and Fluorspar.   Spartan’s high quality project portfolio includes an option to earn 100% of the Victorio Tungsten-Molybdenum Project in New Mexico and the 100% owned Eagle Tungsten-Silver-Rubidium Project in Nevada. Victorio hosts the largest tungsten resource in the United States and contains significant concentrations of beryllium and fluorspar, while the Eagle Project consists of the highest-grade historic tungsten resource in the USA which includes significant under-defined resources consisting of: high-grade silver; rubidium; antimony; bismuth; indium; as well as precious and base metals.   The Company is working towards an update to the Mineral Resource Estimate (MRE) and also to the Preliminary Economic Assessment (PEA) at the Victorio Project in New Mexico.   This will involve reinterpretation of over 100 drill holes, including the relogging of some holes that were not included in the prior resource, and adjust parameters in consideration of current metals prices.  There will also be a 3,000 meter drill program at the Eagle Project in Nevada, following up on extensive rock chip and soil samples at the Tungstonia target.   Brett shares his geological experience after 25 years in the industry as well as prior work applying for government grants that will be germane for sourcing potential funds earmarked for critical minerals.   The company is cashed up and fully funded for their work programs this year, and has continued to strengthen their team.   If you have any follow up questions for Brett regarding Spartan Metals, then please email those in to us at [email protected] or  [email protected].   In full disclosure, Shad is a shareholder of Spartan Metals at the time of this recording and may choose to buy or sell shares in the market at any time.   Click here to follow the latest news from Spartan Metals   For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Company Update, we check in with Mike Spreadborough, Executive Co-Chairman, and Rohan Williams, the newly appointed General Manager of Exploration at Novo Resources (TSX: NVO | ASX: NVO | OTCQX: NSRPF). The discussion centers around a comprehensive exploration and operational update across the company's high-grade asset portfolio in Australia. Key themes discussed in this episode include: Initial Resource Estimate at Belltopper: An inside look at the newly defined shallow, high-grade inferred mineral resource and how this fits into the project's broader geologic potential. Multi-Asset Western Australia Campaign: Updates on the recently completed drilling at the Wyloo South East polymetallic target and current active programs at the Cronus target. Egina Gold Project Strategy: How the conclusion of the Northern Star Resources earn-in returns 100% control of this highly prospective asset back to Novo, backed by millions in historical partner spending. Balance Sheet and Upcoming Assays: A review of the company's strong financial runway, liquid asset portfolio, and anticipated news flow through the remainder of the year.   Please email me with any follow up questions for Mike, Quinton, and the team at Novo Resources. My email address is [email protected].     Click here to visit the Novo Resources website to learn more about all the projects and exploration programs.    ----------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

David D'Onofrio, CEO and Director of  White Gold Corp. (TSX.V: WGO) (OTCQX: WHGOF) (FRA: 29W) joins me for comprehensive overview of its 3 million ounces of gold across 4 near-surface deposits, and the commencement of its fully-funded 2026 exploration program.  This will be their largest ever drill program, consisting of 20,000 meters across its district-scale land package in the emerging White Gold District in Yukon, Canada. We also discuss the upcoming value drivers of a Preliminary Economic Assessment in a few months, as well as the spin-out of their critical minerals properties into W2 Critical Minerals Corp.   We start off with the backstory and journey of how their 21 properties were assembled under Shawn Ryan’s geological prowess, searching for the source of all the placer gold in the Yukon. The company has drilled around 90,000 meters to date, delineating over 3 million ounces of gold in 4 main resource areas comprised of the Golden Saddle, Arc, Ryan’s Surprise, and VG deposits.   The primary objectives of this year’s drill program with will be resource growth and expansion testing areas adjacent and in close proximity to the Company’s known four gold deposits, both along strike and down-dip. In addition to resource growth, a portion of the exploration program will be focused on further advancing discovery-stage targets, as well as towards evaluating high priority early-stage prospects for discovery potential. The program is fully funded and supported by their strategic partners including Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Power One.   The Company is also continuing to advance its maiden Preliminary Economic Assessment (PEA),  on the White Gold Project, which is expected to be released in the next few months. Additionally, things are moving forward with the spin-out of its critical mineral properties into a dedicated standalone vehicle, We also discuss the upcoming value drivers of a Preliminary Economic Assessment in a few months, as well as the spin-out of their critical minerals properties into W2 Critical Minerals Corp., which current White Gold shareholders will get shares in.   David shares the background of a few team members and technical advisors, as well as his background as an executive with the PowerOne Group; where he developed a depth of knowledge in representing, advising, and assisting emerging companies in accessing capital, advising on mergers and acquisitions and managing their businesses.     If you have any follow up questions for David regarding White Gold, then please email those to me at  [email protected].     Click here to follow the latest news from White Gold Corp   For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.  

In this Daily Editorial of The KE Report, we chat with Joel Elconin, co-founder of the Pre-Market Prep Show and founder of the Stock Trader Network, to dissect an incredibly volatile week in the markets. Following a notable sell-off in the broad averages, Joel pulls back the curtain on how headline-driven news cycles are impacting modern trading strategies and why navigating these intraday swings has become uniquely challenging for short-term traders. Key Discussion Points: The Reality of Short-Term Trading: Why headline-driven algorithms are dictating intraday price action and the reason many experienced traders are stepping away from the noise. Technical Levels to Watch: An analysis of the 50-day and 200-day moving averages on the S&P cash and futures markets, and what the recent bounce signals for near-term support. Long-Term Valuations vs. The Dot-Com Bubble: Why current big tech valuations are fundamentally different from past market peaks, powered by massive earnings and AI-driven efficiencies. The High-Stakes IPO Pipeline: A deep dive into the massive anticipation surrounding mega-IPOs like SpaceX and Anthropic, the risks of low-float price action, and the "lifecycle theory" of newly public companies. The Fed and Interest Rate Realities: What to expect from Kevin Warsh’s upcoming press conference and why the market might be miscalculating the timeline for future rate adjustments.   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, I sit down with Wendell Zerb, Chairman and CEO of Red Canyon Resources (CSE: REDC / OTCQB: REDRF), to discuss the company’s extensive portfolio of copper and copper-gold projects across British Columbia and the Western US. With eight projects in the portfolio, Wendell provides a comprehensive look at their upcoming exploration milestones and strategic positioning. Key Discussion Points The Osiris Drill Program Launched: Get the inside scoop on the newly initiated 4,000-meter drilling campaign at the Osiris copper-gold target, part of the broader Inzana Project. Historical Data & Geophysics: Learn how Red Canyon is leveraging historical drill data alongside modern IP and airborne geophysics to pinpoint high-grade zones within a massive 1.2-kilometer magnetic trend. New Targets Under Cover: Discover the potential of the newly identified Twin Peaks, Rhino, Nautilus, and EV targets, which sit beneath glacial cover and are being prepped for future testing. Advancing Scraper Springs & Kendall: Hear updates on the recently completed ZTEM survey at Scraper Springs and why the highly advanced Kendall project offers premier infrastructure advantages for a major discovery. Market Dynamics & Major Partnerships: Wendell discusses the company's financial health, their relationship within the NewQuest Capital Group, and the growing interest from major mining companies.   If you have any follow up questions for Wendell please me at [email protected].    Click here to visit the Red Canyon website - https://www.redcanyonresources.com    --------------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Brad Langille, President & CEO, of GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF), joins us to highlight their key news released on June 8th, which announced a transformative milestone: that the Mexican Federal Environmental Department ("SEMARNAT") has granted all permits and approvals required from SEMARNAT to construct the Los Ricos South bulk tonnage underground mine located in Jalisco State, Mexico.   The Company's board of directors has approved a construction decision to begin construction of Los Ricos South, which is anticipated to take 24 months from commencement until first pour. The Project has been designed with rigorous environmental protections and sustainability practices at its core. The Company remains committed to transparent engagement with shareholders, non-governmental organizations, local communities, and all interested parties as development proceeds.   We delve into the resources, DFS-stage economics, and anticipated production profile from their flagship Los Ricos South Project.  Then we have Brad outline the pathway forward and further augmentation of their production profile a few more years out from the Los Ricos North development and exploration project in the state of Jalisco.  Rounding out the discussion we get an operations and financial update from their producing Parral Tailings mine, in the state of Chihuahua, the positive ESG impact in their community for the last dozen years, and their options for extending mine life for those operations beyond the remaining 5-years of mine life.     If you have any follow up questions for Brad on GoGold Resources, then please email us at [email protected] or  [email protected].   In full disclosure, Shad is a shareholder of GoGold Resources at the time of this recording and may choose to buy or sell shares in the market at any time.   Click here to follow the latest news from GoGold 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.  

[Recorded on Friday June 5th, 2026 before some of their recent news releases] Robert Vallis, President, CEO, and Director of Tiger Gold Corp. (TSXV: TIGR) (OTCQB: TGRGF) (FSE: D150), joins me for a comprehensive introduction to the 2 million ounces of gold resources, rapidly being expanded with a fully-funded exploration program at their Quinchía Gold Project and the Andes Gold Project, located in Colombia's prolific Mid-Cauca belt.   Robert outlines both the roughly 2 million gold ounces of resources delineated in all categories, with nearly another 500,000 ounces in historic resources at Dos Quebradas.   Multiple Deposits with Significant Upside Potential: 510k oz Au Measured & Indicated Resource (Miraflores) 1,570k oz Au Inferred Resource (Tesorito) 495k ozAu Historical Resource (Dos Quebradas)   Robert then highlights how the resources are aggressively being expanded through drilling, and points out a number of the high-priority exploration targets across the Quinchía Gold Project. The Company has completed more than 11,350 metres of drilling in over 35 holes across the project as part of its broader 20,000-metre drill program. The program is ongoing with three diamond drill rigs, including one rig at Tesorito and two at Ceibal; supporting the continued definition and expansion of the project's Mineral Resources.   Additionally, the project economics were demonstrated in the 2025 Preliminary Economic Assessment (PEA).  The PEA will get another update after all the new drilling from this program gets incorporated. There are parallel workstreams around social licensing, permitting, metallurgy, condemnation drilling, engineering, and other derisking building towards an updated PEA with Ausenco.   Tiger Gold is led by a multidisciplinary team of exploration geologists, mine builders, engineers, metallurgists, ESG specialists, and corporate finance professionals with a track record of exploration success, project advancement, and bringing mines into production at globally recognized mining companies including AngloGold Ashanti, Barrick Mining, Yamana Gold, Detour Gold, NewGold, Pretium Resources, and others.   The Company now has more than 160 employees and contractors working on the ground at Quinchía, reflecting the rapid mobilization of its in-country workforce as exploration and development activities accelerate. Tiger Gold is deeply committed to the people and communities of the Quinchía region, and to building enduring, mutually beneficial relationships with local stakeholders.      If you have any follow up questions for Robert regarding Tiger Gold then please email those to me at  [email protected].   Click here to follow the latest news from Tiger Gold Corp   For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Daily Editorial, we welcome Dave Erfle, Founder and Editor of the Junior Miner Junky, to discuss the recent sharp breakdown across the precious metals sector. While short- and medium-term charts look technically weak, Dave explains why this correction might actually be a massive buying opportunity rather than the start of a prolonged bear market. Key Discussion Points: The Psychology of False Breakdowns: Why recent technical drops below key moving averages historically signal a powerful move in the opposite direction. Rock-Bottom Sentiment vs. Record Profits: An analysis of the Bullish Miners Percentage Index hitting zero despite producers coming off their most profitable quarter in history. Historical Analogs from 2008 to 2024: How past market corrections parallel today’s action and what they tell us about the ultimate bottom. Decreasing Margins vs. Balance Sheet Strength: A direct look at how major producers and explorers are equipped to withstand lower gold prices without dilution risk. The Impending Rotation from General Equities: Why deeply undervalued mining stocks are perfectly positioned to capture capital as overextended tech sectors cool down.   Click here to visit the Junior Miner Junky website to learn more about Dave’s investment letter - https://www.juniorminerjunky.com/   -------------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Will Robinson, VP of Exploration at West Red Lake Gold Mines (TSX.V:WRLG – OTCQB:WRLGF), joins me to review the key metrics returned from the updated Mineral Resource Estimate (MRE) at the Rowan Deposit and the first numbers from the Mt Jamie deposit.  Both Rowan and Mt Jamie are satellite deposits nearby the flagship Madsen Gold Project, in the Red Lake district of Ontario, Canada.  We also discuss some of the exploration news on tap in 2026 around the Madsen Mine.   HIGHLIGHTS:   Rowan Indicated gold ounces (“oz”) increased by 70% to 334,825 oz grading 13.03 grams per tonne gold (“g/t Au”), compared to 478,707 tonnes containing 196,747 oz grading 12.78 g/t Au in the 2025 MRE. Rowan Inferred gold oz increased by 52% to 179,013 oz grading 15.31 g/t Au, compared to 421,181 tonnes containing 118,155 oz grading 8.73 g/t Au in the 2025 MRE. Gold resource grade increased by 2% in the Indicated category and 75% in the Inferred category. Significant resource growth achieved with minimal exploration expenditures of C$3.5 million and relatively low drilling meters of 6,300m, representing a modest discovery cost of approximately C$17.60/oz gold. New drilling successfully expanded and upgraded several high-grade vein structures, including Veins 003, 006 and 013. Rowan continues to rank among the highest-grade undeveloped gold deposits in Canada based on an Indicated resource grade of 13.03 g/t Au. An initial resource estimate for the Mt. Jamie deposit was also prepared which includes an Indicated resource of 49,407 oz grading 14.13 g/t Au, with an additional Inferred resource of 35,791 oz grading 11.97 g/t Au. The Mt. Jamie deposit is located approximately 2km west of Rowan and shows strong potential for becoming an additional high-grade satellite in WRLG’s Red Lake portfolio which presents obvious synergies to any future extraction scenario at Rowan. Expansion potential remains strong at Rowan and Mt. Jamie with mineralization open at depth and along strike and multiple vein zones demonstrating strong continuity beyond the currently modeled mineral domains.   ROWAN 2026 MINERAL RESOURCE ESTIMATE:   The 2026 MRE update for Rowan incorporates an additional thirty-seven (37) holes for 6,300m of oriented HQ diamond drill core since the June 2025 MRE. A total of twenty-two (22) mineral domains were created to constrain the Rowan mineralization. This is a reduction from the twenty-six (26) domains used in the June 2025 MRE. The M&I resources from Rowan will factor into the upcoming combined PFS with Madsen A total of five (5) mineral domains were created to constrain the Mt. Jamie mineralization using drilling data in the existing database.   Will mentions that more assays are still pending from the ongoing surface drilling into the prior-producing Starratt-Olsen area; which is near-surface and adjacent to the Fork deposit.   There will be upcoming underground drilling planned along Austin 904 Zone, South Austin 4447 Zone, and the 13 East Drive drifting over into Lower Austin and eventually Derlak.     If you have any follow up questions for the team over at West Red Lake Gold please email me at  [email protected].   Click here to visit the West Red Lake Gold website and read over the recent news we discussed.   For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins me to reflect on the status of the gold and silver bull market, after the corrective moves of the last few months.  He also outlines how he is approaching rebalancing his portfolio from a high-conviction standpoint, and by weighting his positioning heaviest to the junior resource stocks with compelling alpha catalysts on tap in their coming newsflow.    He starts off noting that the correction thus far in gold and silver, from the high peaks earlier this year to the recent lows is almost getting as extreme, on a percentage basis, as the moves seen in the metals during the Great Financial Crisis.  For this reason he believes most of the downside price moves have already occurred across the sector, and he is not expecting a prolonged multi-year bear market from here.   With regards to the junior resource stocks, his perspective is that these deeper corrections bring clarity to one’s conviction in any given portfolio position.  When analyzing the downside trends that we’ve seen in precious metals stocks over the last few months, and especially during the sharp moves lower, like what we saw the end of last week; he encourages investors to reevaluate what they hold and why they got positioned in those stocks in the first place. One may feel compelled to accumulate a larger position as the price and valuation of a stock drops lower, because of the conviction they have in that company value catalysts on the horizon. The lower it goes, the more mispriced it will appear by the market, and the more compelling it will be on a risk/reward basis. In contrast, he points out being willing to sell out of a sector momentum beta position, especially if one gets lower conviction the more it corrects lower in price. This distinction will underscore that this position was more of a beta momentum trade, where the company was still dependent on higher metals prices strong sector sentiment to keep moving higher. He outlines that focusing on alpha catalysts in junior resource stocks, can end up meaning less outperformance during the really bullish periods, but conversely less downsize pressure during sector corrections.     Erik highlights why Goliath Resources Limited (TSX-V: GOT) (OTCQX: GOTRF) is a good example of a stock that has corrected hard with the rest of the PM sector, but is fully-funded for a 50,000 meter drill program, with a high hit rate on the prior few seasons of drilling, and a propensity to rerate based on positive newsflow. He notes that this stock is demonstrating a pricing pattern he has seen over and over again in junior mining stocks. Often a correcting stock will briefly break downside support, which is where the weak-conviction retail investors capitulate, and then the equity will consolidate and then suddenly surge higher based on their unique alpha catalysts, leaving investors chasing it higher once again.     Click here to follow Erik’s analysis over at The Hedgeless Horseman website   * 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.   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.  

Maura Kolb, President of Dryden Gold Corp (TSX.V: DRY) (OTCQX: DRYGF), joins me for an exploration update on some of the recent news releases with the most up-to-date drill results at the Elora-Jubilee and Big Master and trends at the Gold Rock Camp, and touching up on the Hyndman and Sherridon regional targets, across their Dryden Gold District, in Northwestern Ontario, Canada.   We start off discussing how this year’s exploration program is continuing to build up the high-grade drill results from last year’s drill program, confirming the thesis around the 3 geological deformation faults and folds at the Elora-Jubilee and Big Master trends at the Gold Rock Camp.   Drilling at Jubilee tested between 150 to 200 meters with the goal of collecting structural data to improve in predicting high-grade gold mineralization at depth. Deeper down-plunge testing will begin this summer, and a second drill rig will be deployed to continue to fully define the high-grade footprint at Gold Rock. The 2026 drill program has now expanded to 45,000 meters.      *Jubilee Drill Highlights:   Hole DGR-054 returned 2.92 g/t gold over 14.50 meters including 6.79 g/t gold over 5.00 meters also including two high-grade intercepts of 28.80 g/t gold over 0.40 meters and 15.30 g/t gold over 0.60 meters (Figure 1, Table 1). Hole DGR-056 returned 2.48 g/t gold over 12.65 meters including 33.50 g/t gold over 0.50 meters. Confirmation of the multiple hanging wall and footwall mineralized stacked structures across Gold Rock, including Hole DGR-053 intercepting 0.73 g/t gold over 9.58 meters.   Two drill holes, on the Big Master Gold System at Gold Rock, tested the near-surface mineralization above (up-dip) from the recent Sparrow discovery. The third hole intersected Barrelman on BM1 and Treasure on BM2 expanding these zones at depth. The latest results validate the Company’s exploration model and support an expanded 2026 drill program at Gold Rock. A second drill rig has been contracted and is scheduled for deployment on July 1.   *Big Master Drill Highlights:   Hole DGR-051 returned 3.24 g/t gold over 14.77 meters including 29.55 g/t gold over 1.35 meters at Sparrow 88.00 meters from surface. Hole DGR-052 returned 1.02 g/t gold over 13.50 meters including 8.88 g/t gold over 1.00 meter also at Sparrow 125.00 meters from surface. Hole DGR-057 expanded mineralization at both Treasure and Barrelman.     *Maura encouraged investors to further inspect these drill results within the context of 3D modeling tools over at Mining Hub: https://mininghub.com/3d/v/6dcjgqzm     We expanded the conversation to review the potential for similar look-alike types of deposits to exist along the multi-kilometer Gold Rock mineralized trend, in a “string-of-pearls” thesis, where the Mud Lake area will be the next target tested with drilling in 2026.   We touch upon the initial groundwork and drilling at the Hyndman regional area, with a lot of follow up work underway based on the exploration results released back on April 21st.   Maura reiterated the importance of the large soil sampling and channel sampling programs across their district-scale land package, and how it will inform follow up targeting, when used in concert with geophysical surveys.   Click here to follow the latest news from Dryden Gold   Click here to visit the “Link Tree” to different Dryden Gold media outlets     If you have any questions for Maura, Trey, or the team at Dryden Gold, then please email them into me at  [email protected].   In full disclosure, Shad is a shareholder of Dryden Gold at the time of this recording, and may choose to buy or sell shares at any time.     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.

Craig Hemke, founder and editor of the TF Metals Report, joins me to reflect on the technical outlook and fundamental factors fueling the longer-term precious metals bull market, after the market bloodbath and strong corrective move to end last week in gold, silver, and the precious metals equities. He breaks down what aspects have be pressuring the precious metals complex over the last few months, culminating the extreme selling we saw at the end of last week; and what this all means for shorter-duration traders versus longer-term buy-and-hold macro-investors as we look ahead.   Key Discussion Points:   The Aftermath Of Fridays Chart Damage: Gold, (GDX), (GDXJ), (SIL), and (SILJ) all saw pricing on their charts pierce down through the 200-day moving average support to end last week on June 5th. Silver went down and tagged the 200-day, but then dropped below it today in Monday’s trading session on June 8th; before closing back above it again. (GDX) Testing The 200-day SMA In Mid-May Was The Early Warning Signal:  Craig mentioned that Gold and the other precious metals ETFs losing their 200-day moving average support levels over the last few trading sessions shouldn’t have been a surprise; because the GDX already dipped below this level a couple of weeks back.  He told his subscribers that this was likely coming for gold and silver next, and that is what we’ve seen play out. Jobs, Inflation, and Manufacturing Data Could Be Setting Up Rate Hikes: While the markets spent the last year convinced we’d see a series of further rate cuts from the Fed and other central banks, the economic data has turned that narrative on its head and now the Fed funds futures markets are not anticipating any cuts, but rather rate hikes by year end. Central Bank Buying Remains The Prime Mover For Gold: After consistent buying from central banks for the last few years, shifted to a few central banks like Turkey and the UAE central banks to start selling gold to address liquidity challenges and stabilize their currencies, the pricing trends followed.  Craig remains encouraged that China has been picking up the slack buying record amounts of gold over the last few months. Additionally, Turkey may be starting to shift back to buying gold again, and other nations with low or no gold reserves may get onto the bid to purchase more gold. The Great Rotation Out Of Bonds And Into Gold Cuts Both Ways: We discussed that as more individuals and nations sell US treasuries to rotate into gold as a reserve asset, that it helps underpin buying in gold but simultaneously raises interest rates which pressures gold. Craig helps parse out those to forces at work in the markets, and how Fed policy may respond to keep the system afloat.  Gold and Silver Producers Sold Off Hard, Ignoring Strong Fundamentals: Even though its been only a few weeks since most precious metals producers reported record Q1 earnings, and Q2 appears to still be one of their strongest quarters in historic terms, the miners were sold without mercy into the end of last week, and that is after having already corrected hard over the last few months. Navigating Algo Trading and Machine-driven Market Volatility: Craig doesn’t believe the extreme selling in gold, silver, or the PM equities, last week or even over the last few months has been resource investors parsing out the fundamentals and throwing in the towel.  Instead he believes that high-frequency trading algos keep triggering the selling patterns based off interest rates and currencies moves, war headlines, and expectations that central banks will tighten monetary policies.   Once the algos start selling, then that selling triggers other machine trading selling, and the waterfall declines show up on the charts. Gold Is A Long-Term Store Of Value Preserving Purchasing Power:   Craig wraps us up sharing why he believes the longer-term fundamentals for gold have not changed and are just as strong today as they were at the end of last year or the early spike this year.  He makes the point that gold is the true measuring stick of how much purchasing power that national fiat currencies are losing over time, and that is unlikely to change over the fullness of time. He still anticipates that gold and silver prices will keep rising over time, as fiat units deteriorate, and thus this will translate into higher valuations in the PM equities for patient investors.   Cl   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.  

On this Weekend Show we unpack the stark divergence between all-time high stock indices, the reality of a fragile, bifurcated US economy, and portfolio management for a range of metals.    Segment 1 & 2 - Peter Boockvar, Chief Investment Officer at OnePoint BFG Wealth Partners and editor of The Boock Report on Substack, analyzes the stark bifurcations within both the U.S. economy and the stock market, which he notes are primarily driven by massive capital expenditure into Ai data centers while lower-income consumers and the housing sector continue to face structural stress. He highlights how these factors, along with persistent supply disruptions, contribute to an ongoing stagflationary environment.  Click here to follow Peter at The Boock Report - https://peterboockvar.substack.com/   Segment 3 & 4 - A special KER Market QuickTake, we share our outlook on the precious metals and commodities sectors. We start with the short term technicals for gold and assess the overall health of the mining stocks. Next, we highlight notable growth and significant investor interest within the copper and critical minerals sectors.  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 KE Report Company Update, I sit down with Tara Christie, President and CEO of Banyan Gold (TSXV: BYN | OTCQB: BYAGF), to discuss yesterday’s announcement regarding the acquisition of a portfolio of projects in the Yukon from Generic Gold. Tara shares her intimate knowledge of the newly acquired properties, explains the strategic value of adding optionality to Banyan’s asset mix, and provides a comprehensive update on the massive, ongoing 70,000 meter exploration program. Key Discussion Points: Strategic Yukon Asset Acquisition: Discover why this multi-project deal adds immediate value and land flexibility adjacent to existing Banyan properties without requiring near-term spending commitments. Aggressive 2026 Exploration Underway: Get the latest details on Banyan’s massive 70,000-meter drilling program, with over 26,000 meters already completed and multiple drills actively turning. The Path to the Preliminary Economic Assessment (PEA): Understand how the team is currently utilizing the 2025 resource model for the upcoming PEA, and how the current 2026 drill results will factor into future optimization. Addressing the Silver Component: Learn about the high-grade silver veins identified on the property and how silver will be incorporated into the company's broader economic outlook.   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.

Matt Lennox-King, Chairman and CEO of Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF), joins us for comprehensive introduction to this exploration company focused on copper, gold, silver, and zinc, in established mining jurisdictions in southeastern Arizona, USA.   The Company's portfolio is anchored by the Corral Copper Property, an advanced exploration-stage, district-scale system with extensive drilling and significant shallow results showing CRD-style mineralization, but also now testing for porphyry-style mineralization at depth, and epithermal gold mineralization near surface.  The Company also has the Tombstone South Project with prospective CRD-style  silver, lead, and zinc mineralization.   Matt outlines that at the Corral Project there has been roughly 50,000 meters of historic drilling by other operations, that has then been complimented by ~10,500 meters of drilling by Intrepid the last few years at the Holliday, Earp, and Ringo targets, mostly focused on the near-surface CRD mineralization.  They are going to be completing an IP survey over the property in August, with the goal to get the data back and analyzed by September, and then start testing the porphyry targets at depth later in the year.  We discussed that Rio Tinto and Ivanhoe Electric have land adjacent to either side of Corral for the CRD and porphyry potential.   With regards to the gold epithermal target at Mattie, the company just announced completion of the initial geological mapping and geochemical components of its ongoing 2026 Phase 1 Exploration Program. Based on encouraging early-stage field observations and the identification of additional prospective target areas, the Company has expanded the scope of the Program to include additional rock sampling and a new soil sampling grid over parts of the Property.    Then on Tombstone South the company anticipates doing more ground exploration to come up with 2-4 targets for deeper drilling later in the year to further test the prospectivity of the CRD thesis.   Wrapping up Matt shares his experience in the sector, a few key board members, their strategic stakeholders, which includes Teck Resources, and the strong balance sheet with $20 million in the treasury to execute on this current program and to expand the programs into next year.     If you have any questions for Matt regarding Intrepid Metals, then please email them into us at [email protected] or [email protected].     Click here to follow the latest news from Intrepid Metals     For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.  

In this Daily Editorial episode of The KE Report, we chat with Joel Elconin, co-host of the Pre-Market Prep show and founder of the Stock Trader Network. Joel breaks down the broader market averages as they continue their steady drip higher, explaining why recent weakness is being bought up so quickly. He provides an inside look at what is driving current market breadth and how money is rotating across sectors to shield the indices from major downward days. Key Discussion Points: The Power of ETF and Sector Rotation: Why strong sector rotation keeps preventing catastrophic 1,000-point down days and how ETFs internally rebalance the broader market. The IPO Life Cycle and SpaceX Mania: A look under the hood of the heating IPO market, why you shouldn’t buy on day one, and how to spot institutional accumulation phases. Small-Caps Playing Catch-Up: Evaluating the surprise resilience of small-cap stocks moving higher in the face of rising interest rates. The Tech Shift and AI Revolution: Why hardware is becoming overdone, the explosive comeback of software (IGV), and why hyperscalers will keep spending as long as profits follow. Stocks & ETFs Mentioned: S&P 500 Futures / Cash, Broadcom (AVGO), CrowdStrike (CRWD), Ciena (CIEN), Apple (AAPL), Microsoft (MSFT), Oracle (ORCL), Destiny Tech Tech (TYXZ), Destiny XYZ Inc (TXYZ), Vanguard Commonwealth Fund (VCX), RobinTech Venture Fund (RVI), and the iShares Expanded Tech-Software Sector ETF (IGV).   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 from The KE Report, we sit down with Brien Lundin, Editor of the Gold Newsletter and host of the upcoming New Orleans Investment Conference, to dissect the current state of the precious metals market and broader commodity sectors. While the short-term charts for gold have felt sluggish, Brien highlights several under-the-radar shifts that suggest a market transition is underway. The conversation covers everything from breaking technical correlations to the exciting surge of high-grade discoveries in copper, tungsten, and silver. Key discussion points include: Gold's 200-Day Moving Average: Why the recent bounce off this critical technical line might signify a true bottoming process rather than a temporary pause. Shifting Market Correlations: An analysis of why gold’s relationship with the S&P 500 and oil is breaking down. The Surge in Exploration News: Insights into the drill programs delivering results right now, including a look at standout companies making waves in the field. The Rise of Critical Metals: Why copper and tungsten are carving out powerful bullish trends of their own, and how silver fits into the traditional bull market structure.   Click here to learn more about the Gold Newsletter. - https://goldnewsletter.com/   Click here to learn more about the New Orleans Investment Conference on October 28-31.    Stocks Mentioned: Delta Resources (TSXV: DLTA), Gladiator Metals (TSXV: GLAD), Onyx Gold (TSXV: ONYX), San Lorenzo Gold (TSXV: SLG), Targa Exploration (CSE: TEX), Banyan Gold (TSXV: BYN), Spartan Metals (CSE: SPAT), GDX, GDXJ   ------------------- 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.

Ron Kopas, President and CEO, and Dan Boudreau, Vice President of Exploration, of Delta Resources Limited (TSXV: DLTA) (OTC Pink: DTARF) (FSE: 6GO1), both join me for a comprehensive introduction to this gold exploration company commencing its largest exploration program to date at their Delta-1 Gold Project, along the prolific Thunder Bay District, Ontario.   The 2026 exploration program is strategically designed to unlock the significant discovery potential across the Company's extensive 340 km² land package while continuing to expand and advance the Eureka Gold Deposit, where additional drilling is planned later this summer. Delta will advance multiple high-priority targets, with initial field activities focused on the highly prospective I-Zone / Crayfish Creek Fault sector, located approximately 18 kilometres southwest of Eureka.   The area is supported by several encouraging historical and recent gold results, including drill intercepts of 3.28 g/t Au over 14.6 m reported by Inco Gold (1988-1989) and 4.32 g/t Au over 41 m, 4.53 g/t Au over 14.4 m, and 4.36 g/t Au over 20.4 m reported by Ovalbay (1995). Additionally, a 1,000 kg mini-bulk sample grading 9.9 g/t Au was completed by Mengold in 2008. Recent channel sampling by Delta Resources (2024) returned 1.23 g/t Au over 40.6 m, including 2.12 g/t Au over 12 m and 3.39 g/t Au over 5 m, and 2.40 g/t Au over 16.2 m, including 5.54 g/t Au over 5 m.   Recent prospecting and till sampling, combined with the integration of historical geological, geophysical, and geochemical datasets, have identified multiple new high-priority targets, further reinforcing the area's potential to host additional gold discoveries   If you have any questions for Ron or Dan regarding Delta Resources, then please email them into me at [email protected].   Click here to follow the latest news from Delta 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.