The KE Report

In this Company Update, I sit down with Garrett Ainsworth, President and CEO of District Metals (TSX.V:DMX - OTCQX:DMXCF - Nasdaq First North: DMXSE SDB), to discuss the company's Preliminary Economic Assessment (PEA) results for the flagship Viken Deposit in Sweden. Garrett breaks down the economics of the report, and explains why this asset represents a globally important, highly secure multi-commodity resource for the European Union. Key Discussion Points: PEA Economic Highlights: Learn how the Viken Deposit achieved a post-tax NPV of $2.88 billion at an 8% discount rate, paired with a 2.1-year payback period. The Power of Negative Production Costs: Discover the unique mechanics behind Viken's negative net cash cost for uranium production when factoring in valuable byproduct credits. A Diverse Multi-Commodity Asset: Explore the robust blend of essential materials driving the project's economics, led by vanadium, uranium, sulfate of potash, and molybdenum. Unlocking Future Exploration Optionality: Find out why this Phase 1 PEA, which utilizes only 3% of the total resource base, is just scratching the surface of Viken's multi-deposit potential. Proactive Social License Next Steps: Garrett shares the company's upcoming timeline for drilling, environmental baseline studies, and community consultation.   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.

Matt Filgate, President and CEO of GreenLight Metals Inc. (TSXV: GRL) (OTCQB: GRLMF), joins us for a comprehensive introduction to this Wisconsin-focused exploration company advancing copper-gold and gold projects across the Penokean Volcanic Belt-one of North America's most prospective VMS districts-and the Kalium Canyon epithermal gold project in Nevada's Walker Lane, which is subject to a binding term sheet for a proposed staged earn-in and joint venture with Barrick.   In Wisconsin, GreenLight's portfolio includes the flagship Bend copper-gold VMS Project in Taylor County, Wisconsin; along with the Lobo and Lobo East massive sulfide targets, and Reef high-grade gold project. Matt shares that their management team and board has deep roots in the state, and GreenLight is building a modern minerals company for Wisconsin, committed to responsible exploration, transparent engagement, and creating durable local opportunities as it helps supply the critical metals that power the energy transition.     The focus at the flagship Bend project is following up on last year’s 2,000 meters of drilling, and utilizing data from the 18,000 meters of historic drilling by other operators, to guide a larger 17,000 meter follow up program. The ongoing Phase 2 Drill Program at Bend is for the initial 7,000 meters of that larger program, further delineating the VMS-style mineralization down-dip and along strike to the east of the main deposit area. The Company will also drill 2,000 meters into the Lobo and Lobo East target area later this drill season.   Next we shifted over to the Nevada asset, where on May 7, 2026, GreenLight Metals announced that it has signed a binding term sheet with a wholly owned subsidiary of Barrick Mining Corporation, for a proposed staged earn-in and joint venture at the Kalium Canyon gold project in Esmeralda County, Nevada.  Matt outlined the terms and different thresholds of this proposed earn-in process for Barrick, which if executed on, would give GreenLight a 20% fully-carried interest all the way through a Pre-Feasibility Study.  Additionally, this transaction brings in periodic stage-gate payments into the company treasury, while allowing Barrick’s exploration team to focus on delineating the mineralization.   Matt highlights the strong company treasury at present, the background and experience of the management team, and the potential rerating of the company valuation should their exploration program at Bend have success in growing the mineralized footprint to a level where a resource estimate can be released next year, putting it on par with other important US-based VMS copper-gold systems.   If you have any questions for Matt regarding GreenLight Metals, then please email those in to us at [email protected] or [email protected].   <a h

Scott Emerson, President and CEO of Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF) joins us for a visual look and “boots-on-the-ground” site visit to the core shack for the ongoing and fully-funded 15,000 meter drill program starting at Las Coloradas, and then later in the year transitioning over to Almoloya.  Both silver and gold projects are located in the Parral District, in Chihuahua, Mexico.   To view the video on-site with Scott over at YouTube click the link below: https://youtu.be/vWfgi5dN4CQ     We start off with Scott walking us visually through the core shack and he shows us some of the new drill core coming in for logging, splitting, and then prepping to send out to the assay labs. We go on to discuss some of the key exploration targets at Las Coloradas, based on the various data sets from mapping, sampling, historic data, and surveys flown that their team has compiled in the prioritized targets for this season.  The initial follow-up drilling has been testing deeper and stepping out around the historic Mine Target and DBD Target.  As the program evolves, then other regional targets like Saddle, Silvia, Leona, and La Plata areas will be tested.      Las Coloradas High-Grade Silver Project   Step-out and deeper drilling planned on the high-grade Soledad and Soledad II vein systems, following up around the Mine and DBD zones Approximately 700 metres of the Soledad structure remains to be tested New priority regional drill targets emerging at Saddle, Silvia, Leona, and La Plata zones Multiple large-scale, largely untested targets highlight district-scale discovery potential at Las Coloradas   Almoloya Gold/Silver Project   Initial diamond drilling planned on the gold-rich Juliettas structures District-scale CRD and oxide potential identified at Cigarrero Mine área   Wrapping up Scott highlights the financial health of the company, after their closing of the upsized bought deal financing in January, and the continued support from their key stakeholders. Scott reiterated that the future value creation will be determined with the drill bit, and that they will have plenty of exploration news on tap for the balance of 2026.     If you have any questions for Scott regarding Kingsmen Resources, then please email those in to us at [email protected] or [email protected].   Click here to follow the latest news from Kingsmen Resources   For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/

In this Daily Editorial, we sit down with Dave Erfle, founder and editor of the Junior Miner Junky, to unpack the current divergence in the commodities sector. While copper continues its powerful breakout, the precious metals sector has lulled many investors to sleep despite remarkable corporate health and macro tailwinds. Key Discussion Points: Precious Metals Range-Bound Trading: An overview of gold ($4,500/oz) and silver price action relative to their 50-day and 200-day moving averages, and why a technical decision point is rapidly approaching. Stagflationary Economic Drivers: How the latest downwardly revised US GDP data (1.6%) and rising PCE inflation (3.3%) are providing a fundamentally supportive backdrop for hard assets. Unprecedented Corporate Health: A look at the record-breaking Q1 earnings and strong balance sheets of producers like Newmont, contrasting their historically low valuations against an overextended broader stock market. The Speculative Frenzy Absence: Why the lack of a sector-wide bubble in junior equities and multi-year low open interest indicate that the precious metals sector remains completely overlooked. Copper vs. Gold Rotations: Analysis of the strong volume and capital flowing into critical minerals and copper compared to the summer doldrums gripping gold and silver.   Click here to visit the Junior Miner Junky website to learn more about Dave’s investment letter - https://www.juniorminerjunky.com/   --------------------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Daily Editorial, we welcome Craig Hemke, founder and editor of the TF Metals Report, to dissect a highly volatile session across the commodities landscape. Amid shifting headlines out of the Middle East and a see-saw reaction in traditional stock indices, Craig breaks down why hard assets are reacting inversely to standard war-narrative headlines and what it means for macro-investors moving forward. Key Discussion Points Geopolitical Headlines vs. Market Reality: Why the reopening of tensions in Iran initially triggered a pullback in precious metals, and why theater often drives early-morning price action over baseline fundamentals. The Copper and Silver Correlation: An analysis of Copper’s push toward new all-time highs and how this powerful industrial demand component is acting as a safety net to keep Silver well above its key technical baselines. Fiat Currency Dilution & Global M2 Money Supply: How a 17% explosion in global M2 money supply over the last two years forces a structural re-pricing of hard assets across the board. Historic Lows in Commitment of Traders (COT) Open Interest: A look into why futures market open interest is sitting at 20-year lows during a commodities boom, and what happens when institutional money inevitably rushes back in. Navigating Liquid Air Pockets and Volatility: Why thin market liquidity is causing staggering single-day moves in Silver and Gold, and how investors can brace for near-term technical decisions around the 50-day and 200-day moving averages.   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.

Shawn Howarth, President and CEO of Excellon Resources (TSXV:EXN) (OTC:EXNRF)(FRA:E4X2), joins us to outline all the development work building towards mill pre-commissioning and trial mining ramp up into production over the next few quarters at their flagship Mallay silver-lead-zinc mine, located in the Cerro de Pasco area of Peru. We then review the value proposition and optionality across their other 3 projects: Tres Cerros, Kilgore, and Silver City.    Mallay Development Highlights:   Mill ready for pre-commissioning. All critical refurbishment and wet commissioning milestones completed; bulk-sample campaign targeted for June 2026. ~15,000 tonnes stockpiled from Isguiz vein and Footwall Zone. Surface stockpile provides representative feed for the pre-commissioning bulk-sample campaign. Infill drilling informing updated restart planning. Results from the ~2,500-metre program are being integrated into the geological model; the Company expects to have an updated restart plan and schedule in early Q3/26. Drilling underway to test mineralized extensions: Two rigs active at site targeting extensions of the Isguiz system at depth, the Pierina gold target and Mallay Deeps — a downhole electromagnetics ("DHEM") exploration target; a third rig is expected at Shafra in June. Operational team strengthened. New Operations Manager appointed at Mallay; technical capacity expanded in the resource modelling, mine planning, and contract management areas. Dewatering of the 400-ramp advanced. Rehabilitation of the 400-ramp is now underway, providing access to Isguiz below the 4090 level.   The work completed over the last several months, includes finishing the mill refurbishment, assay lab upgrades, completion of the initial infill drill program and the expansion to three drill rigs.   This positions the Company to begin testing the process plant in a measured way. Shawn outlines that their operations team is treating June as a bulk-sample exercise, which is designed to validate metallurgy, grades, recoveries, and concentrate quality.   There will then be a steady commissioning of the mill via underground mining and surface stockpiles for the second half of the year, ramping up towards nameplate capacity at 600 tpd by year end.   There is also an systematic exploration program underway with the goal of further resource definition and expansion testing extensions of the Isguiz system at depth, the Pierina gold target, and the exploring along the broader Shafra Zone.  With current silver prices materially above the US$30/oz assumptions used in their February 2026 Mineral Resource Estimate, they believe there are footwall areas and expansion areas that can convert into economic ore and then come into the future mine plan.   In 2025, Excellon secured an off-take agreements with Glencore for their lead and zinc concentrates, Shawn outlined

John Rubino, {Substack https://rubino.substack.com/}, joins me for another wide-ranging discussion around the strong financial health of the gold and silver producers and royalty companies parsing the Q1 financial data.  We review all of the revenue and cashflow being generated on their balance sheets, and where all that cash is going as a return of capital to shareholders.  We also touch upon the ongoing geopolitical uncertainties and macroeconomic catalysts that are leading to volatility in gold, silver, oil, critical minerals, and the related resource stocks.   We start off reviewing the various return of capital approaches to entice investors of PM stocks through share buybacks, by paying dividends, and through looking for accretive merger or acquisition targets.   Next we focus on if we are still in a bull market for the precious metals complex, after the parabolic move higher earlier in the year.   John points out that the reasons for the prior PM bull markets topping out were for different macroeconomic reasons, from Fed policy and central bank policies, to interest rates, currency pairs, and global trade frictions. He goes on to unpack the reasons this bull market is still on very sound footing, where global financial uncertainty is ever-present, and the desire for nations to print more money, force lower interest rates, and inflate their way out of the current challenges. These  will underpin higher gold and silver prices.     Turning to the extreme volatility in both directions in the precious metals equities thus far in 2026 – John sees opportunities for placing low-ball bids in quality gold and silver stocks that have corrected by 30%-50% off their January and February highs, or using dollar-cost averaging to position in to a good cost-basis over the fullness of time.   He also points to using option strategies to make profits on the way down to eventually buying a stock one already wants to accumulate at a lower pre-determined strike price. We note again that PM stocks have responded positively to Q1 earnings, but that are still not fully factoring in these higher metals prices, which is giving investors an edge to accumulate existing positions or initiate new positions in stocks that had previously run away to the upside into the current weakness.   Beyond the precious metals, we then broadened out the discussion beyond all the monetary policy trends and fiat money units sloshing around the markets, to discuss all the government fiscal policy initiatives to encourage mineral development, extraction, and processing around the world.   This has had noticeable impacts on critical minerals pricing and awareness in commodities like lithium, nickel, silver, and the more niche specialty metals. Additionally, we review how large manuf

In this episode, I sit down with Simon Dyakowski, President and CEO of GSP Resource Corp (TSXV: GSPR), for an in-depth company introduction focused on the Alwin-Mer Project located in the heart of British Columbia's prolific Highland Valley. Simon shares insights into the company’s tight share structure, recent financing, and the upcoming summer drill program. Key discussion points include: The Alwin Mine Project History: Discover the background of this past-producing high-grade copper mine and how it fits into the shadow of giants like Teck Resources’ Highland Valley mine. The Mur Project’s Porphyry Potential: An overview of the historical work that points toward an expansive, shallow copper system ripe for modern, deeper drilling. The Summer Phase 1 Drill Strategy: Insight into the specific targets the company will drill, including the western gold zone at Alwin. Untapped Precious Metal Credits: Why historic data overlooked potentially significant gold and silver values, and how GSP plans to capture this hidden value. Distressed Valuation & Market Tailwinds: A breakdown of GSP’s tight share structure and the regional momentum driving a major camp renewal.   Click here to visit the GSP Resource website to learn more about the company and project - https://gspresource.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, Alicia Milne, President and CEO of Q2 Metals (TSXV: QTWO | OTCQB: QUEXF | FSE: 458) joins me to share insights into the commencement of the 20,000-meter drilling program at the Cisco Lithium Project in Quebec, the strong institutional interest backing the recent C$70million financing, and the highly anticipated winter drill results on the horizon. Key Discussion Points The $70M Summer Drilling Blitz: An overview of the 20,000-meter summer drill program and how the team plans to split the budget between critical infill drilling and high-upside expansionary targets. Geological Consistency at Cisco: Insights into why the wide, high-grade spodumene pegmatite intervals discovered so far are lowering risk and changing the infill drill spacing requirements. Testing New Horizons: A look into unexplored regional targets, including mysterious outcrops to the east and under-drilled zones to the south that could signal a district-scale play. The Road to Feasibility: A breakdown of how ongoing metallurgical testing, baseline environmental studies, and the upcoming Preliminary Economic Assessment (PEA) might feed into a definitive feasibility study by late 2026 or early 2027.   Click here to listen to our last interview with Alicia, recapping the maiden Resource Estimate for the Cisco Lithium Project.    If you have any follow up questions for Alicia or would like more information on any aspect of the Company please email me at [email protected].    Click here to visit the Q2 Metals website - https://www.q2metals.com/   ------------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in compan

In this The KE Report Weekend Show, we sit down with top market analysts to dissect the charts across multiple asset classes and dive deep into the rapidly evolving critical minerals sector. First, fund manager Dana Lyons shares crucial technical indicators for precious metals, copper, energy equities, and the broader S&P 500. Then, Howard Klein and Matt Fernley of RK Equity join the show to expose the under-discussed bottlenecks in the critical minerals supply chain and how US-China dynamics are shifting the math for western investors.    Segment 1 & 2 - Dana Lyons, a fund manager and editor of the Lyons Share Pro website, joins us to share his technical analysis and market outlook. Dana highlights critical support and resistance levels for commodities like gold and copper, shares his specific trading strategies for shifting momentum within technology, energy, and software sectors, and provides a broader analysis of the overall market health, bond trends, and cryptocurrency price action.  Click here to visit the Lyons Share Pro website and learn more about Dana’s investment services - https://lyonssharepro.com/   Segment 3 & 4 - Howard Klein and Matt Fernley, partners at RK Equity, discuss the recent structural changes in the critical minerals sector, highlighting how the ongoing conflict in the Middle East has restricted the global sulfur supply and directly disrupted downstream nickel and cobalt processing. They also analyze the emerging trends in heavy rare earth element demand, evaluated new visual clay processing techniques, and debated the long-term feasibility of domestic lithium production and government-backed price floors.  RK Equity website - https://rkequity.com/  Rock Stock YouTube channel - https://www.youtube.com/watch?v=UchoS9EZvak  Howard Klein on X @LithiumIonBull - https://x.com/LithiumIonBull Matt Fernley on X  @matt_fernley - https://x.com/matt_fernley    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 interv

[Recorded on 05-28-2026]  Sean Brodrick, Editor of Wealth Megatrends, Supercycle Investor, Resource Trader, and contributing analyst to Weiss Ratings Daily, joins us to review how he is trading opportunities in drone and counter-drone stocks on the back of news that broke on Thursday May 28th that the US government may be investing directly into drone technology for defense.  Additionally, we discussed how the government is also investing directly into or shaping favorable policy initiatives around the critical minerals sector.   We start off discussing next generation defense and how integral drones have become on as a key aspect of battlefield protection. Sean points out that many nations have invested big into this technology, and that hot conflicts in Ukraine and Iran have changed modern warfare. Some of the companies we discussed include: Unusual Machines, Inc.(NYSE American: UMAC), Red Cat Holdings, Inc. (NASDAQ: RCAT),  Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), and Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO). Sean reiterates that investors need to do proper due diligence as not all companies are run well or have the right technology. He points out AeroVironment, Inc. (NASDAQ: AVAV) as a cautionary note of a company that has struggled even in a bullish sector. He also points out that counter-drone and counter-measure tech companies, like V2X, Inc. (NYSE: VVX), have done incredibly well in this environment.   The discussion then pivots to the US government also putting funding and proactive policy initiatives into the critical minerals stocks. He narrows down this wide range of minerals to a focus on getting exposure to the defense metals like antimony, heavy rare earths, tungsten, and niobium, or conductive metals like copper and silver. Some critical minerals stocks that he and his subscribers have traded well are: MP Materials Corp. (NYSE: MP), Critical Metals Corp. (NASDAQ: CRML), and USA Rare Earth, Inc. (NASDAQ: USAR), Trilogy Metals Inc. (NYSE American: TMQ) (TSX: TMQ), Taseko Mines Limited (TSX: TKO) (NYSE American: TGB), Almonty Industries Inc. (NASDAQ: ALM) (TSX: AII), and American Rare Earths (ASX: ARR) (OTCQX: ARRNF).   He views periods of time where these critical minerals stocks correct as opportunities where investors that missed a stock on the way up, get another opportunity to accumulate into these pullbacks for the longer-term trends in motion. He stresses the need to understand the extreme volatility in this sector, to focus on companies with a legitimate pathway to production, and that may have received government funds in the past.   Wrapping up Sean highlights just how important this administration proposing implementing price floors to certain niche critical minerals sectors will be for encouraging development of projects that can then depend on the government being a steady buyer

Mark Brennan, Founder, CEO, and Director of Cerrado Gold Inc (TSX.V: CERT) (OTCQX: CRDOF), joins me to review their Q1 2026 financial and operational metrics at the producing Minera Don Nicolas (MDN) gold mine in Argentina.  We discuss the aggressive 70,000 meter exploration program on tap for MDN into 2026, review the permitting process at the Lagoa Salgada VMS Project in Portugal and the key development catalysts on tap at the Mont Sorcier Iron-Vanadium project in Quebec.   Q1/26 MDN Operating Highlights: Q1 Gold equivalent production of 12,842 Gold Equivalent Ounces (“GEO”) vs 11,163 GEO in Q1 2025 Heap leach production of 8,787 GEO continues to increase as water availability improves Underground development work continued at an accelerated pace, with record development meters during the period Access to new underground ore zones expected in Q2 2026, delivering higher-grade ore to the CIL plant, improving head feed grade, and increasing production CIL plant continues to process a blend of stockpile material and additional ore from underground development, resulting in total production of 4,055 GEO in Q1 through the CIL plant Acquisition of Falcon Properties has the potential to extend Heap Leach operations based on historical drill results. Combined with the existing exploration program, the acquisition is expected to position the mine to add new mineable material quickly Full year production guidance of 50,000-60,000 GEO maintained AISC of $1,348/oz Au during Q1 2026 Record Adjusted EBITDA of $28.7 million for Q1 2026, benefiting from unhedged gold position Strong Cash Position of $31.4 million at quarter end   Mark and I review their Minera Don Nicolas producing gold project in Argentina, and the combination of heap leach and underground gold equivalent ounce production for the first quarter. He also highlighted the advantages of the Falcon Properties acquisition, and how it adds years to the existing heap leach mine life, as well as substantial exploration upside.  We discuss the key objectives from the ongoing 70,000 meter drill program will be looking to extend mine life in a substantial way and find new high-grade areas, at surface and underground, for future mine sequencing.   Next we got an update on the ongoing work from the previously announced unfavourable opinion of the environmental impact assessment (EIA) for the Lago Salgada VMS Project in Portugal. This ‘unfavourable opinion’ was issued after expiry of statutory deadline under Portuguese EIA legislation. The Company maintains its position that the project has been tacitly approved. Mark reiterated that the purported unfavorable opinion was issued despite the project being the first mining project in Portuguese history to receive unanimous favourable opinion for the Project by all 17 people that make up the Technica

Nick Hodge, Co-Owner of Digest Publishing and editor of Foundational Profits and Underground Alpha, joins us for our monthly longer-format discussion on different macroeconomic factors and market reactions to the war in the Middle East, his key takeaways from 2 different site visits to South Dakota and Wisconsin, and investing strategies in select copper, gold, and critical minerals stocks.   We start off reviewing the mix of macroeconomic movers and knock-on effects from geopolitics as it relates to the closure of Strait of Hormuz, the US/China meetings last week, projections around central bank monetary policy options, rising bond yields and interest rates, a strengthening US dollar, GDP growth, rising inflation, sovereign debt loads, and AI datacenter buildouts.      The US stock markets have shrugged off most of these economic datapoints and geopolitical news, continuing to blast up to new all-time highs over the last week. He points out that the CRB commodities index has also been strong lately, lead by base metals, soft commodities, and the energy space.     When reviewing the commodities,  it has been hard to ignore the strength in the copper pricing, which has been up at all-time highs over the last few weeks of May, and Nick shares his approach is to investing in the copper equities.   For exposure to the base metals producers he has been positioned in the iShares MSCI Global Metals and Mining Producers ETF (PICK), which has performed quite well over the last year and especially in 2026. Nick reiterated points from our prior conversation about 2 of the copper developers with good investor engagement, solid pounds in the ground resources, and good fundamental catalysts being: Gunnison Copper Corp. (TSX: GCU) (OTCQB: GCUMF) and Aldebaran Resources Inc.  (TSX-V: ALDE) (OTCQX: ADBRF).   Nick highlighted the recent acquisition of Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) by Hudbay Minerals Inc (TSX, NYSE: HBM) and how that may be used as a good case study and lens for consideration of other advanced copper development assets and what kind of projects and jurisdictions may interest the senior producers. Gladiator Metals Corp. (TSXV: GLAD) (OTCQB: GDTRF) is a copper and gold exploration story in Nick’s portfolio that just released some high-grade intercepts in the Yukon, and still has a lot of drilling on tap for this season as a catalyst. When reviewing why he prefers safer jurisdictions in the Americas for copper investing, he did point out a company like Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) is an exception, due to the quality of the management team to navigate the risks when operating in Africa.   Next we got a boots-on-the-ground recap of Nick’s 2 recent company site visits: Lion Rock Resources Inc. (TSXV: ROAR) (FSE: KGB) (OTCQB: LRRIF) – The company recently announc

Arturo Préstamo Elizondo, Executive Chairman and CEO of Santacruz Silver Mining Ltd. (TSX.V: SCZ) (NASDAQ: SCZM) (FSE: 1SZ), joins me for an exclusive visual review of the Q1 2026 financial and operational results across their portfolio of 4 producing silver-zinc mines and ore feed sourcing business in Bolivia and Mexico. We also review a few of the key growth initiatives that the company has slated for 2026 across multiple projects.    Q1 2026 Highlights   Revenues of $127.5 million, an 81% increase year-over-year. Gross profit of $42.9 million, a 54% increase year-over-year. Net income of $28.5 million, a 201% increase year-over-year. Adjusted EBITDA of $42.6 million, a 55% increase year-over-year. Cash and highly-liquid marketable securities of $64.9 million, a 100% increase year-over-year. Working capital of $75.9 million, a 47% increase year-over-year. Average realized price per silver ounce sold of $63.30, a 128% increase year-over-year. AISC per silver ounce sold of $31.60, a 76% increase year-over-year. Realized mining margin per silver ounce sold of $31.70, a 221% increase year-over-year. Average realized price per zinc tonne sold of $3,116, a 12% increase year-over year. AISC per zinc tonne sold of $2,729, a 32% increase year-over-year.   When discussing the financial strength of the company, Arturo also highlighted that after paying $31.5 million in taxes during this first quarter, that the company ended Q1 2026 with a healthy cash and highly liquid marketable securities position of $64.9 million, providing Santacruz with the financial flexibility to continue funding operational improvements while maintaining a strong treasury position.   At the Bolivar Mine, the recovery of the areas affected by the May 2025 localized water inflow event continues to advance; with work focused on restoring production while maintaining operating discipline. The Company continues to expect Bolivar’s full recovery by Q4 2026, with the dewatering program progressing ahead of plan, and now accessing again the high-grade silver veins –  Pomabamba and Nané.   The Porco Mine remains a smaller but solid contributor, and it is strategically located in the important Potosi district.   Arturo mentions that their 1,200 tonne per day plant also assists with processing ore from the San Lucas business unit.   Next we moved over to the Caballo Blanco Group of mines, which is the lowest cost and thus highest efficiency of their operations.  Colquechaquita and Tres Amigos are the 2 producing mines, but Arturo mentioned that the Company has now brought Esperanza Mine back into production during Q1, and that it should be a profitable smaller zinc-forward mine in this Caballo Blanco complex moving forward.   Their Zimapán Mine in Mexico is their highest-v

In this Daily Editorial, we sit down with Brian Leni, the founder and editor of the Junior Stock Review and host of the Field Notes YouTube channel. Brian breaks down the current shifting dynamics within the resource sector. Here are the key themes discussed in this episode: Shifting Capital in the Metals Sector: How capital is rotating away from precious metals and where those funds are actively migrating within the broader commodities space. The Macro Outlook for Copper: Learn about the defining economic indicators - including negative treatment and refining charges - that suggest the current copper price may represent a long-term floor rather than a peak. Evaluating Development Projects: Understand the criteria investors should use to differentiate between early-stage resources and advanced, construction-ready assets. Geopolitical Factors & Supply Chains: An overview of how deglobalization and regional supply disruptions are fundamentally reshaping global commodity markets. Strategic Portfolio Rebalancing: Insights into the benefits of holding a tactical cash position and how to position a portfolio for high-upside exploration opportunities during periods of market uncertainty.   Click here to visit the Junior Stock Review website to keep up to date on what Brian is investing in - https://www.juniorstockreview.com/   Click here to watch the latest Field Notes video - https://www.youtube.com/@FIELD_NOTES   --------------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Company Update, I chat with Mike Burke, Director and Vice President of Corporate Development at Sitka Gold (TSX.V: SIG | OTCQB: SITKF | FSE: 1RF), to unpack the first drill result of the year from the massive 60,000-meter program at the RC Gold Project. Mike breaks down the significance of hole 121, the deepest hole ever drilled on the project, which returned high-grade mineralization at depth.  Key Discussion Points: Deep Drilling: An introduction to hole 121, the deepest hole ever completed on the project, and a look at the high-grade intercepts returned from the assay lab. Geological Implications: Why the company initiated this year's program at the Blackjack deposit and how the mineralization extends far below the currently defined open-pit boundaries. Underground Mining Horizons: A look into the future economic trade-offs, target cut-off grades, and the structural data needed to support a future underground resource estimate. Drill Program Scaling: An update on the progression of the 60,000-meter program, current drill counts across the Rhosgobel and Blackjack zones, and expectations for upcoming assay flow.   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.

James Anderson, Chairman  this outsized leverage to the silver market makes Guanajuato Silver an outlier within the mining industry. Cash, cash equivalents and short-term investments totaled $30.5M at the end of the quarter; notably, the Company achieved this cash figure after paying net $30.0M in cash to close the acquisition of Minera Bolanitos S.A de C.V. on January 15, 2026.   James outlines their ongoing 16,000 meters of underground development work paired with the 75,000-meter drill program, currently utilizing 8 drill rigs to augment exploration initiatives. This is largest exploration program the company has ever deployed, with some areas getting the first meaningful resource expansion in many years.     If you have any follow up questions for James on G

Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins me to review the key takeaways from both the Commodities Global Expo Conferences we just attended in Washington D.C. and Fort Lauderdale. He also highlights the value proposition that has his attention from 4 of the gold and silver developers which he met with at the conferences, that have put out compelling news in the recent past and that have key growth catalysts on tap in the medium-term.   The companies we discussed in the interview are:   Rua Gold Inc. (TSX: RUA) (NZX: RGI) (OTCQX: NZAUF) - On May 5, 2026, the Company announced the results of a positive Preliminary Economic Assessment (PEA) for its 100%-owned Auld Creek Gold-Antimony Project in the Reefton Goldfield, New Zealand. The PEA — prepared in accordance with NI 43-101 disclosure standards and effective April 25, 2026 — highlights the potential for robust economics from a high-grade, shallow underground starter mine, supported by access to established Reefton infrastructure for efficient transporting to port.   Excellon Resources Inc. (TSXV: EXN) (OTC Pink: EXNRF) (FSE: E4X2) – On May 27, 2026, the Company provided a market update on operational activities at its 100%-owned Mallay silver-lead-zinc mine in central Peru. Mill ready for pre-commissioning. All critical refurbishment and wet commissioning milestones completed; bulk-sample campaign targeted for June 2026. ~15,000 tonnes stockpiled from Isguiz vein and Footwall Zone. Surface stockpile provides representative feed for the pre-commissioning bulk-sample campaign. Infill drilling informing updated restart planning. Results from the ~2,500-metre program are being integrated into the geological model; the Company expects to have an updated restart plan and schedule in early Q3/26.   Highlander Silver Corp. (TSX, NYSE American: HSLV) – On April 07, 2026, the Company provides a portfolio update following the successful completion of its acquisition and combination with Bear Creek Mining. Daniel Earle, President and CEO of Highlander Silver, commented: “Highlander Silver is well positioned to fast-track project advancement across its portfolio of high-quality silver assets. This includes a focus on high-impact exploration, project optimization, and site preparation for development of Corani, the largest fully permitted primary silver project in the world, as well as permitting at San Luis, one of the highest M&I resource grade projects in both the gold and silver sectors. As of March 31, the Company had an unaudited cash balance of approximately US$100 million and no debt. The Mercedes gold-silver mine also made a positive cash contribution in its first month of operations following restructuring under our stewardship. We provide a summary of our baseline plans below a

Fred Davidson, President and CEO of Impact Silver (TSX.V:IPT) (OTCQB: ISVLF), joins us to outline the key takeaways from the Q1 2026 financial and operations, and provides an update on the current production and exploration upside at the Zacualpan Silver-Gold District, as well as the move-forward plan on the Plomosas Zinc-Lead-Silver Mine in Chihuahua, Mexico.   The Company has 4 underground mines and 1 open-pit mine all feeding into the Guadalupe processing plant in the Zacualpan Silver-Gold District; with a number of other past-producing silver and gold mines across their district-scale land package being explored for future development.   Q1 2026 Highlights:   The Company reported Revenue increased to $31.2 million, nearly three times $10.7 million in Q1 2025, driven by higher silver prices, higher grades, and increased mill throughput at the Zacualpan Silver Operation. Gross profit grew almost ten-fold to $20.3 million, from $2.2 million in Q1 2025. Net income for the quarter was $11.3 million, or $0.03 per share, marking a return to profitability following a net loss of $0.1 million in Q1 2025. At quarter-end, IMPACT held $45.3 million in cash, $4.0 million in guaranteed investment certificates ("GICs"), working capital of $48.0 million, and carried no long-term debt.   Fred outlined that the company delivered their strongest quarterly net income in the history of the Company — all while continuing to invest in development and exploration. While the higher silver price environment is clearly part of the story, he pointed to the bigger story being what is happening on the ground at Zacualpan: higher grades, higher throughput, and the meaningful contribution from the newly developed Kena Vein at the Guadalupe Mine.   Next, we shifted over to all the ongoing exploration work across Zacualpan district, where their 2 rigs have been continually turning at various targets.  Fred reviewed the high-grade exploration targets intercepted at their newer Kena Discovery at the Guadalupe Mine, and how this higher grade was going to increase their overall grade profile, as seen in Q1 numbers.  Additionally, there has been drilling over the last year at the San Ramon Deeps and San Ramon South area at the San Ramon Mine, both a gold-rich and a silver-rich vein respectively at the Alacran Mine, some silver targets like San Antonio at the Mina Grande Mine, and most recently some solid higher-grade precious metals results from the Carlos Pacheco exploration area.   Shifting over to the Plomosas Mine: They reduced expenditures in Q1 by making the decision to temporarily suspend underground mining, while they conduct more exploration and modeling of the mineralization.  After sufficient drilling and interpretation is completed, then the plan is to work towards a more efficient and sustainable mine plan of operations for the longer-term.  H

In this Daily Editorial, we sit down with Darrell Fletcher, Managing Director of Commodities at Bannockburn Capital Markets, for a deep dive into the shifting dynamics across the broader commodities complex. Darrell provides an insider’s look at what is currently driving activity on the trading desk, breaking down the major macroeconomic and geopolitical themes influencing critical resource markets. Key discussion points include: CRB Index Resilience: An overview of the index's ongoing strength, current consolidation patterns, and how today's macro environment compares to multi-year highs. Geopolitical Pressures on Crude Oil: A look into the supply-demand fundamentals, the quickening drawdowns of the U.S. Strategic Petroleum Reserve (SPR), and why the future curves tell a deeper story than current spot prices. Natural Gas Stability: Why the natural gas market remains highly neutral despite localized shifts, alongside an outlook on how expanding LNG export capacity will impact long-term pricing differentials. Base Metals Outperformance: The structural demand drivers behind copper’s massive run, code-driven regional arbitrage, and why the global push for artificial intelligence and power infrastructure is transforming the sector. Securitization of Supply Chains: A broader analysis of why nations are aggressively moving to secure domestic resource pipelines and what this new era of resource nationalism means for the future of metal prices. Precious Metals Consolidation: An assessment of the current corrective phase in gold and silver, and what key economic factors are needed to spark the next leg higher.   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, I sit down with TG Watkins, Director of Stocks at Simpler Trading and Editor of the Profit Pilot website and YouTube channel, to parse through the noise of the current macro headlines and focus strictly on what the charts are telling us. As geopolitical tensions, interest rate speculation, and inflation data continue to flood the news cycle, this conversation digs deep into price action to uncover where the real momentum is hiding and where the next big shifts are likely to occur. Here is a summary of the key topics discussed in this episode: Precious Metals Consolidation vs. Copper Strength: An overview of the current sideways movement in gold and silver as they test critical moving averages, contrasted with the undeniable structural strength and underlying demand driving copper and copper equities. Interest Rates, Bond Support, and Oil Dynamics: A technical look at the critical support levels for TLT and bonds, combined with an analysis of why cooling oil prices could soon alleviate the pressure on interest rates. The S&P 500 Equal-Weight Breakout: Why the recent all-time highs in the equal-weight S&P (RSP) reveal a much healthier, broader market breadth than the bearish headlines suggest. AI-Driven Power Generation and Tech Rotations: A discussion on the shifting opportunities within tech, specifically focusing on energy infrastructure, small modular nuclear reactors, and under-the-radar financial stocks. The Airlines and Oil Pairs Trade: How a distinct technical divergence between airline stocks and crude oil reveals a compelling pair-trade opportunity for savvy investors.   Stocks and Symbols Mentioned: S&P 500 Equal-Weight ETF (RSP), Gold Miners ETF (GDX), SPDR Gold Shares (GLD), iShares 20+ Year Treasury Bond ETF (TLT), United States Oil Fund (USO), U.S. Global Jets ETF (JETS), Navitas Semiconductor (NVTS), SoFi Technologies (SOFI), Robinhood Markets (HOOD), B. Riley Financial (RILY), Generac Holdings (GNRC), Iris Energy (IREN), Wolfspeed (WOLF), Hut 8 (HUT), Riot Platforms (RIOT), Oklo Inc. (OKLO), NuScale Power (SMR), Delta Air Lines (DAL), Southwest Airlines (LUV).    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-Pilot    ------------------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.sub

In this Daily Editorial for the KE Report, I sit down with Dave Erfle, founder and editor of the Junior Miner Junky, to break down the latest technical trends and sentiment shifts in the precious metals sector. Key topics discussed in this episode: Gold and GLD Technical Levels: An overview of the critical $4,500 level on gold and the 414 benchmark on GLD, exploring what the recent tight trading range tells us about a potential bottom. Understanding Sector Sentiment: A look at the commercial open interest and the bullish miners’ percentage index, revealing why high retail boredom often signals an ideal accumulation phase. The Dynamics of Market Corrections: Dave explains how healthy bull markets shake out latecomers and "weak hands," offering a masterclass on why investors should buy the boredom and trim on strength. M&A Activity and Corporate Shifts: A breakdown of the massive new consolidation headlines, including Equinox Gold’s latest moves and what rising corporate acquisition tells us about the broader market cycle. Copper and Critical Minerals Performance: A comparison of the physical copper market against the COPX ETF, identifying divergence patterns that could hint at short-term corrections.   Click here to visit the Junior Miner Junky website to learn more about Dave’s investment letter - https://www.juniorminerjunky.com/   ---------------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Daily Editorial, we are joined by Craig Hemke, founder and editor of the TF Metals Report, to parse through the conflicting signals currently driving the precious metals sector. Despite broader market optimism and a rally in mining stocks today, gold and silver prices have remained relatively flat. Craig shares his insights on what is causing this divergence and what investors should expect next. Key Discussion Points: Navigating Market Optimism and Option Expiration: Craig discusses the broader market indicators, including a rally in the bond market, falling crude oil prices, and the impact of the June gold option expiration day, and how these factors are influencing underlying asset prices. Technical Frustrations vs. Strong Fundamentals: A look at why the short-term technical charts look weak, contrasted against the strong fundamentals, massive free cash flow generation, and aggressive share buybacks currently seen across the mining sector. Evaluating Second-Quarter Expectations: While PM prices are flat/down this quarter after a blowout Q1 margins may not break the consecutive records seen over the last year, Craig explains why Q2 earnings will still be incredibly robust compared to historical averages. Leverage Strategies for Investors: Craig details his personal investment thesis, focusing on why he targets the lowest-cost producers to maximize safety and leverage as the long-term macroeconomic picture unfolds. The Risks of Central Bank Liquidations: A deeper look at what could potentially disrupt the long-term bullish outlook for precious metals, specifically highlighting the threat of sudden central bank selling and currency defenses, as observed with Turkey earlier this year.   Click here to visit Craig’s website - TF Metals Report - https://www.tfmetalsreport.com/   For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Company Update, I sit down with Nick Appleyard, President and CEO of TriStar Gold (TSX.V:TSG | OTCQB:TSGZF), to discuss the company’s recent financing announcement and update on the asset and lawsuit. They discuss the following key topics: Upsizing the LIFE Offering: An overview of the company's recent upsized financing from an initial $7 million to $9 million Canadian, and why now was the strategic time to secure these funds. Exploration and On-Site Work: A look into upcoming plans for expansionary drilling to extend high-grade zones at Esperança South, alongside other fieldwork. Navigating the Federal Lawsuit: An update on the ongoing evidentiary phase in Brazil, the current status of judge-led summary decisions, and how the company is managing communication with indigenous affairs ministries and public prosecutors. Unlocking Asset Value: A breakdown of the economic upside of the Castelo de Sonhos project, highlighting its 1.4 million ounces of reserves (total of 2.5mil ounces of gold in all categories) and the ultimate path toward a Feasibility Study and strategic partnership.   Click here to visit the TriStar Gold website to learn more about the Company and Project.    Email me any follow up questions for Nick - [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.

This week on The KE Report Weekend Show, we sit down with market legends Rick Bensignor and Dan Steffens to unpack a powerful macro shift in global markets. As inflation pressures mount and fiat currencies erode, Rick Bensignor breaks down the technical charts for gold, silver, and critical minerals - revealing the exact levels investors need to watch for the next major commodity breakout. Then, energy expert Dan Steffens joins the conversation to dissect the structural supply crisis in the oil patch, the staggering draws on the Strategic Petroleum Reserve (SPR), and why top unhedged North American producers are positioned for massive free cash flow. Whether you are navigating precious metals or positioning for the energy squeeze, this episode delivers actionable data and top stock picks to help you stay ahead of the curve.    Segment 1 & 2 - Rick Bensignor, President of Bensignor Investment Strategies, provides a comprehensive chart-based analysis of multiple financial markets. He maintains a structurally bullish long-term outlook on gold due to currency devaluation but warns of a near-term correction down to the $3,700/oz range driven by a potential short-squeeze on the US dollar. Furthermore, Bensignor outlines why global interest rates have officially bottomed, notes that physical oil market metrics skew risks heavily to the upside, and cautions that the US equity market is flashing exhaustion signals after a historic vertical rally.  Click here to visit the In The Know Trader website - https://intheknowtrader.com/   Segment 3 & 4 - Dan Steffens, President of the Energy Prospectus Group, joins the show to analyze the current volatility in the energy sector, focusing on the fundamental supply-demand squeeze in the oil market and the highly seasonal nature of natural gas prices. Throughout the discussion, Dan outlines several key investment opportunities, highlighting unhedged producers like Diamondback and EOG, specific Canadian plays such as Tourmaline and Whitecap, and the strong post-merger potential of special-situation stocks like Crescent Energy, SM Energy, and Devon Energy. 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 c

In this Friday Daily Editorial, I sit down with Marc Chandler, Managing Partner at Bannockburn Global Forex and Editor of the Marc to Market website, to recap this week’s economic data, shifting monetary policy, and global market dynamics. Marc provides a comprehensive look at how the US economy continues to defy expectations and outpace international peers, while exploring what these structural shifts mean for global markets.  Key Discussion Points: The Resilience of the US Economy: A look at the surprising strength of the Flash PMI data for May, the underlying drivers behind the Atlanta Fed's 4.3% GDP nowcast, and how the massive CapEx boom in data centers is fueling these numbers. The K-Shaped Consumer Dilemma: An analysis of the clear disconnect between robust GDP growth and record-low consumer confidence. A New Era for the Federal Reserve: Thoughts on Kevin Warsh being sworn in as the new Federal Reserve Chairman, how his leadership signals a departure from the Bernanke-Yellen-Powell continuum, and why a rate hike is fast becoming the market's base-case scenario. Global Currency & Bond Market Shifts: An examination of the widening gap between the US Dollar and other major G10 currencies like the Euro and Sterling, alongside an explanation of the recent bond liquidations by foreign central banks. Gold's Technical Consolidation: A technical evaluation of gold's current trading range, its failure to hold key support levels, and what it will take to restore bullish confidence in the metal.   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 early morning Daily Editorial, I am joined by Mike Larson, Editor-in-Chief at MoneyShow, to break down a heavily bifurcated market and locate where the true trading opportunities are hiding. With earnings season delivering strong growth but macroeconomic data remaining highly mixed, Mike shares his boots-on-the-ground perspective from recent investment conferences on where smart money is moving. The discussion covers a broad range of critical macroeconomic and sector-specific themes, including: Global Interest Rate Surges: How the conversation has aggressively shifted from rate cuts to potential rate hikes, and what the multi-decade highs in global bond yields mean for equity markets. The AI Hardware vs. Software Reality: Why current tech valuations might actually be supported by robust earnings, alongside a deep dive into the "SASS-pocalypse" and how software companies are altering pricing models to survive. The Looming IPO Supply Shock: A warning on how massive impending public offerings from giant private firms like SpaceX, Anthropic, and OpenAI could drastically alter equity supply-and-demand dynamics. Precious Metals & Energy Outlook: An analysis of the current "dead money" consolidation phase in gold and silver, juxtaposed against a structurally elevated energy market driven by geopolitical friction. Sectors to Watch in Las Vegas: A preview of the upcoming Money Show Symposium at Caesar's Palace, focusing on the strategic rotations into hard assets, financials, industrials, and materials.   Click here to find out about the upcoming MoneyShow conferences - https://www.moneyshow.com/ ------------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Scott Emerson, President and CEO of Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF) joins us to review the completion of high-resolution satellite surveys of the Las Coloradas and Almoloya projects located in the Parral District, in Chihuahua, Mexico. We go on to discuss some of the key drill targets and exploration initiatives at these 2 silver and gold projects based on the various data sets their team has compiled.   Kingsmen is now preparing a comprehensive 3D compilation of topography, surface geochemical samples, magnetic data, induced polarization/resistivity data, geology and drill hole data for the Las Coloradas project. This integration of datasets, combined with the ongoing drill program, is identifying new drill targets and providing a clearer understanding of the vertical and lateral distribution of silver-gold mineralization — its variants, mineralized structures and their relationship to different geological units including sediments, volcanics and intrusives.   We start off with Scott briefly reviewing the 3,300-meter maiden reconnaissance drill program in 2025; with 12 holes that encountered broad intercepts and contained pockets of high-grade silver and gold mineralization for follow-up drilling around the historic Mine Target and DBD Target.     The company has raised capital for a fully-funded 15,000 meter follow-up program at both their Las Coloradas Project and initial drilling at the Almoloya Gold/Silver Project. At this point, about ¾ of the drilling will be stepping out and going deeper across Las Coloradas, while also testing a few compelling regional targets. Then there are 2 historic mine areas at Almoloya, with much different geology that will be drilled.    Las Coloradas High-Grade Silver Project   Step-out and deeper drilling planned on the high-grade Soledad and Soledad II vein systems, following up around the Mine and DBD zones Approximately 700 metres of the Soledad structure remains to be tested New priority regional drill targets emerging at Saddle, Silvia, Leona, and La Plata zones Multiple large-scale, largely untested targets highlight district-scale discovery potential at Las Coloradas   Almoloya Gold/Silver Project   Initial diamond drilling planned on the gold-rich Juliettas structures District-scale CRD and oxide potential identified at Cigarrero Mine área   Wrapping up Scott highlights the financial health of the company, the closing of the upsized bought deal financing in January, and the continued support from their key stakeholders. Scott reiterated that the future value creation will be determined with the drill bit, and will have plenty of exploration news on tap for the balance of this year.     If you have any questions for Scott regarding Kingsmen Resources, then please email those in to us at <a h

In this Daily Editorial, I sit down with Joel Elconin, co-host of the Pre-Market Prep Show and founder of the Stock Trader Network, to examine the current macroeconomic landscape, key corporate earnings, and sector-specific momentum. The Semiconductor and AI Phenomenon: A look into whether current semiconductor valuations mirror the dot-com bubble or if strong corporate cash flows justify the historic market run. Nvidia Earnings and Guidance Realities: Evaluating the market's high bar for Nvidia following its recent report and what the post-earnings price action signals for tech momentum. Consumer Health and Retail Barometers: Analyzing recent earnings from retail giants Walmart and Target to gauge consumer spending strength amid fluctuating energy costs. Inflation, the Fed, and Interest Rates: Discussing recent sticky inflation metrics, the potential impact of crude oil prices, and what a shifting political landscape could mean for future Federal Reserve policy. The Looming IPO Wave and Market Liquidity: Weighing whether highly anticipated public debuts could signal a cyclical market top and if enough capital liquidity exists to absorb them. Government Action in Quantum Computing: Examining the Trump administration's active involvement in the quantum sector and how investors should play government-backed tech trends. Precious Metals Technical Analysis: Breaking down the near-term technical correction in gold and silver charts against their long-term bullish structures. Stocks Mentioned: Micron Technology (NASDAQ: MU), Samsung (OTC: SSNLF), Nvidia (NASDAQ: NVDA), Walmart (NYSE: WMT), Target (NYSE: TGT), Intel (NASDAQ: INTC), IBM (NYSE: IBM).   Click here to visit Joel’s PreMarket Prep website - https://www.premarketprep.com/   Click here to visit the Stock Trader Network - https://www.stocktradernetwork.com/   ----------------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, incl

In this Daily Editorial, Cory Fleck is joined by Brien Lundin, Editor of the Gold Newsletter and host of the New Orleans Investment Conference, to analyze the current corrective phase in the precious metals market and explore emerging opportunities across the broader commodities sector. Key Discussion Points: Short-term technical corrections vs. long-term strength: A look at the recent sideways trading patterns for gold and silver, what the charts reveal about moving averages, and why the macro fundamentals remain incredibly supportive for long-term investors. The evolving gold-to-silver relationship: An analysis of silver's recent volatility, how the gold-silver ratio is behaving, and why the participation of Western investors is shifting this market back toward a classic bull cycle structure. Macro drivers and the shift in risk assets: How rising Treasury yields and the geopolitical landscape are impacting the Federal Reserve's policy outlook, and what needs to happen to relieve downward pressure on metals and miners. Sector rotation and critical minerals: Why capital is beginning to rotate from gold into base and critical metals like copper and tungsten, and how strategic government funding is shifting the economics of domestic resource plays. Portfolio management in a target-rich environment: Brien explains his stringent criteria for cutting loose slower-moving companies to make immediate room for high-conviction junior exploration stories. Recent newsmakers in the junior sector: Insights into recent corporate updates from standout resource players and what to look for as the summer drilling season gets underway.   Click here to learn more about the Gold Newsletter. - https://goldnewsletter.com/   Click here to learn more about the New Orleans Investment Conference on October 28-31.    -------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss o

In this Company Update, I sit down with Craig Nicol, Founder and CEO of Graphene Manufacturing Group (TSXV: GMG / OTCQX: GMGMF), to review a series of major corporate and commercial milestones achieved over the last four weeks. Craig shares updates regarding global distribution partnerships, advancements in their production facilities, and strategic executive appointments aimed at scaling operations. The discussion covers several key corporate developments: THERMAL-XR® Expansion in Australia: Craig discusses a new commercial commitment to apply THERMAL-XR® to hundreds of air conditioning units in a major Australian luxury tower development. Global Oil & Gas Distribution Partnership: An overview of the exclusive international agreement with Curran International to deliver THERMAL-XR® to major oil, gas, and LNG players globally. Next-Gen Production Facility Updates: A status update on the construction and commissioning of the automated Gen2 facility, alongside long-term scaling plans for Gen2.1. New Chief Production Growth Officer: Introducing the strategic hire of an industry veteran from Rio Tinto to oversee the meticulous front-end framing of global production growth. Graphene Aluminum-Ion Battery & G® Lubricant Milestones: A technical review of electron-usage verification in their battery program, upcoming client sampling plans, and the path forward for fleet data collection.   Please keep the questions coming! Email me at [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.

In this Company Introduction, I chat with Meredith Eades, President and CEO of EraNova Metals (TSXV: NOVA | OTCQB: STXPF). Meredith joins me to discuss her new leadership role, the strategic rebrand from Stuhini Exploration, and the company's dual-track approach to unlocking value from the large Ruby Creek property in Atlin, British Columbia. Key discussion points include: Fast-Tracking the Adanac Molybdenum Project: An overview of how over $100 million in historical spending and extensive infrastructure are enabling the company to bypass the pre-feasibility stage and head straight from an upcoming Preliminary Economic Assessment (PEA) toward a full Feasibility Study. The Strategic Value of Molybdenum: A look at the global supply landscape for molybdenum, the 433-million-pound resource at Adanac, and why current market dynamics position this development-ready asset as a rare commodity in North America. High-Grade Discovery Potential at Atlin: Exploring the separate, highly prospective exploration arm of the property, which boasts surface samples of gold, silver, tungsten, and copper. Corporate Vision and Capital Allocation: Insights into the company's lean share structure, prominent backers like Eric Sprott, and how a recent $600,000 financing will fund immediate milestones and upcoming news flow.   Click here to visit the EraNova website to learn more about the Company - https://www.eranovametals.com/ -------------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Company Update, we connect with Tara Christie, President and CEO of Banyan Gold (TSXV: BYN / OTCQB: BYAGF). Tara takes us through the updated Mineral Resource Estimate (MRE) for the AurMac Gold Project located in the Yukon, which was announced on May 19, 2026. We discuss the significant expansion of the project's total footprint, the successful definition of a substantial high-grade core, and what these new numbers mean for the company’s upcoming PEA milestones. Key discussion points include: Exceeding the High-Grade Target: How the company successfully delineated a high-grade portion of the deposit right around 1.0 g/t gold, surpassing their original 5-million-ounce target. Impressive Resource Conversion Rates: A look at the 90% conversion success rate to the indicated category, showcasing the continuity and robustness of the deposit without sacrificing grade. Pit-Constrained Sensitivity Analysis: An explanation of how the pit-constrained model reacts to different gold prices, revealing the significant long-term growth potential still locked within the system. 2026 Exploration Strategy & Upcoming PEA: Details on the current 70,000-meter drill program, how the budget is allocated between conversion and regional exploration, and how this MRE optimizes the economics for the Preliminary Economic Assessment (PEA) coming in the second half of the year. Strong Financial Position: A summary of the company's balance sheet, which features $70 million in cash.   If you have any follow up questions for Tara please email me at [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.

Terry Harbort, President and CEO of Talisker Resources (TSX: TSK) (OTCQX:TSKFF), joins me to review the key metrics and takeaways from the 2026 Mineral Resource Estimate, along with a production and exploration update at the Mustang Mine at their 100% owned Bralorne Gold Project in British Columbia.  We also discuss the ongoing upsized 105,000 meter drill program, focused on the development towards Bralorne West and over into the Olympus Mine.   Highlights of the Bralorne Gold Project MRE:   Combined Measured and Indicated Mineral Resources are estimated at 0.72 Mt at an average grade of 8.91 g/t gold. The MRE includes Measured Mineral Resources of 21,900 oz of gold at an average grade of 10.04 g/t gold and Indicated Mineral Resources of 184,400 oz of gold at an average grade of 8.80 g/t gold. Inferred Mineral Resources are estimated at 11.23 Mt for 3,151,000 oz at an average grade of 8.73 g/t gold. A total of 141 orogenic veins that comprise the Project’s vein systems were included in the MRE. The MRE is exclusive of mined out material.   The Company successfully transitioned over to shipping ore to Ocean Partners in Q1, with over 5,000 tonnes currently being crushed for shipping.  To date in 2026 (through May 12, 2026), the Company has sold 2,675 ounces of gold, consisting of 770 ounces of concentrate and 1,905 ounces of Direct Shipping Ore (DSO), derived from 6,990 tonnes of mined material with an average grade of 8.48 g/t. Based on current estimates under the Ore Purchase Agreement, the Company expects estimated net proceeds of approximately $12.7 million, net of applicable deductions and adjustments, including transportation, treatment/refining under the Ore Purchase Agreement, and subject to final settlement.   Terry outlined the areas of ramp-up in production at the Mustang Mine, currently accessing about 6 ore faces at the 1040 and 1030 levels, with the plan to eventually get down to the 1015 and 980 levels later this year. The mining has been coming from the Alhambra Vein, BK Vein, and BK-9870 Vein, with plans to also begin accessing the Brumby Vein in the next couple of months.    Development work is continuing from the main area of the Mustang Mine over towards Bralorne West, with about 150 meters to go to be able to start accessing ore faces over in that part of the deposit.    As operations continue ramping up, expanding up to 500 tpd later this year, that the plan is then to keep developing over to increase mining from more areas including from Bralorne West to increase operations to 750-1,000 tpd about 2 years out.   Then further out the initiative is to put in a second portal into the historic Pioneer mining area to access the Olympus Mine to the southeast of the Mustang Mine, moving throughput up to the eventual target of 1,500 tpd.   Additionally, we explore how the mining process will

In this Company Update, I am joined by Roger Moss, President and CEO of Labrador Gold (TSX.V:LAB - OTCQX:NKOSF - FSE:2N6). The discussion centers on the company’s recent option to acquire 100% interest in the Mariposa and Eureka Dome Projects in the Yukon’s White Gold District. Roger explains the rationale behind this expansion and how it fits into the company’s broader hybrid model of exploration and investment. Key Discussion Points: Yukon Asset Acquisition: Roger provides a deep dive into the Mariposa and Eureka Dome projects, detailing why these "unloved" assets in a prolific district were the perfect fit for the company’s portfolio. Strategic Hybrid Model: An exploration of Labrador Gold’s unique status as a hybrid explorer and investor, including the requirement to deploy $3 million in new investments by September. 2026 Exploration Plans: A look ahead at the upcoming work in the Yukon, including airborne geophysics, LiDAR surveys, and soil sampling designed to refine future drill targets. Portfolio and Cash Position: An update on the Hopedale and Watson projects, alongside a review of the company's balance sheet, which boasts over $15 million in cash.   Please email me with any questions for Roger or Ian. My email address is [email protected].   Click here to visit the Labrador Gold website to learn more about the Company - https://labradorgold.com/   -------------------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Company Update, I am joined by Simon Dyakowski, President and CEO of Aztec Minerals (TSX.V: AZT / OTCQB: AZZTF), to discuss the latest drill results from the Tombstone Project in Arizona. Simon provides a comprehensive look at how recent step-out holes are expanding known mineralization and balance between RC vs core drilling means for the company's summer exploration program. Key discussion points include: Expanding the Oxide Footprint: An overview of the five recent step-out holes at the northern portion of the Contention Pit that successfully extended the gold-silver oxide zone to the west and at depth. Deep Target Exploration: Insights into the core drilling program targeting deep CRD-style mineralization and large AMT conductive anomalies. Maiden Resource Estimate: How the latest drill data is being integrated into the upcoming resource estimates for both the Tombstone and Cervantes projects. Summer RC Drilling Program: Details on the transition to reverse circulation drilling to efficiently delineate the open-pit potential and further de-risk the project.   Please email me any questions you have for Simon. My email address is [email protected].    Click here to visit the Aztec Minerals website - https://aztecminerals.com/   Figure 1. Plan map showing drill hole collars from the 2025-2026 drill campaign at the Tombstone Property, southeastern Arizona. ----------------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Roger Rosmus, Founder, CEO, located in the Golden Triangle, B.C.   We started off reviewing the 64,000 meters (m) and 110 holes drilled in 2025, and the key geological lessons their team has learned at Surebet over the few drill seasons.  The Company is in a strong financial position with a fully funded large 50,000m expansion drill program lined up in 2026, that will be testing the limits of the mineralization, pushing the geological thesis and deposits and their understanding of the multiple types of gold mineralization. This year’s program will be mainly focused on expanding their 5 Main Mineralized Zones at the Surebet Discovery. Data compilation and interpretation is underway which will be used to vector in on the indicated Motherlode causative intrusive source to this extensive high grade gold system with widespread VG-NE.   Golddigger Property announced a transaction on March 10th, where it now holds a 100% interest in the property. In addition, Goliath has bought down 1% of the 3% Net Smelter Returns (“NSR”) reducing it to a 2% NSR held by the Optionors.  We also discussed the participation and investment in the B- ALL Syndicate and how this gives Goliath the option to receive 4% of the upside on the success of the syndicate and upside to companies held by it like Juggernaut Exploration (TSXV: JUGR) and Gold Runner Exploration Inc. (CSE: GRUN).   The exploration team will be mobilizing to the Golddigger Project later in the month of May, to begin drilling in June, and the results should start coming back in by July, so there will be a lot of work in the field and news from the company on tap for the balance of 2026.     If you have any questions for Roger about Goliath Resources, then please email them to me at [email protected] .   In full disclosure, Shad is a shareholder of Goliath Resources at the time of this recording and may choose to buy or sell shares at any time.   Click here to follow the latest news from Goliath Resources   For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosp

[Recorded on May 14th, 2026]  Dave Cole, CEO of Elemental Royalty Corporation (TSX: ELE) (Nasdaq: ELE), joins me to unpack their news out on May 14th announcing that they have entered into a definitive agreement to acquire all of the issued and outstanding common shares of Vizsla Royalties Corp. (TSX-V: VROY; OTCQX: VROY) by way of a court-approved plan of arrangement.  We also review the Company’s Q1 2026 financials and their multiple strategies for continued royalty portfolio grow.   Vizsla Royalties Acquisition Transaction Highlights:   Combination of Vizsla Royalties’ silver-gold Panuco royalty with Elemental’s high-quality, diversified portfolio creates a platform of cash-flowing and near-term development royalties with long-term growth potential Opportunity to gain exposure to a high-quality royalty over an advanced development project Vizsla Royalties is projected to add approximately 7,500 GEOs[1] per year once in production, providing future revenue uplift as a new cornerstone asset in the Elemental portfolio, and material exposure to silver Life of mine 2.0%-3.5% net smelter returns (“NSR”) royalty, uncapped with no buy-backs or step-downs Substantial exploration upside across a large, under-explored and highly prospective land package Improved trading liquidity and enhanced capital markets profile, further strengthening Elemental as a leading intermediate royalty peer     Q1 2026 Financial Highlights   Record quarterly revenue of US$24.3 million, up 83% over revenue plus attributable share of Caserones in Q1 2025; Gold Equivalent Ounces (“GEOs”) of 4,983 for Q1 2026 (4,606 in Q1 2025), driven by significant contributions from Karlawinda, Bonikro, Timok, and Caserones; Record adjusted EBITDA of US$17.7 million, up 55% over adjusted EBITDA in Q1 2025, reflecting increased operating leverage and portfolio performance; Operating cash flow of US$14.5 million, up 340% over adjusted operating cash flow1 in the comparative period demonstrating strong cash flow conversion; and Cash and cash equivalents as of March 31, 2026of US$69.1 million and working capital of US$92.5 million, demonstrating financial flexibility for growth.   Next, we touched upon some of the key gold and silver cornerstone assets within their royalty portfolio of 18 producing royalties, 30 advanced development assets, and ~200 total mineral royalties globally; diversified across multiple jurisdictions and across precious metals, critical minerals, and battery metals.    Dave points to 4 different approaches to continue to grow future value in Elemental Royalty Corp.  Beyond the organic development growth stil

This week’s Weekend Show features Josef Schachter and a KER Market QuickTake analyzing the significant price action across energy and metals. The conversation focuses on the "NACHO" trade in oil, the historic prices for copper, why certain mid-tier producers are outperforming the majors and a couple major M&A deals in the gold and silver space.     Segment 1 & 2 - Josef Schachter, founder and editor of the Schachter Energy Report, joins us to analyze the volatility of the oil and natural gas markets amid geopolitical tensions. Josef discusses the potential for parabolic price spikes if the Iranian conflict persists, the shifting dynamics of global energy supply and demand, and specific growth opportunities within the Canadian energy service sector.  Click here to learn more about The Schachter Energy Report - https://schachterenergyreport.ca/ Click here to follow Josef on Substack at his Eye One Energy Report. - https://josefschachter.substack.com/    Segment 3 & 4 - We wrap up the show with a KER Market QuickTake. We share insights on the resource sector, noting a muted sentiment at the recent Metals Investor Forum in Vancouver compared to earlier in the year. We discuss key technical levels for gold, silver and GDX, the breakout in copper prices and outperforming copper stocks, while also analyzing the significance of major M&A activity (Equinox Gold bid for Orla Mining and Elemental Royalty buying Vizsla Royalty). If you enjoy the show, be sure to subscribe to our podcast feed (KER Podcast), YouTube channel, and follow us on X for more market commentary and company interviews. Don’t forget to subscribe and leave us a review!   For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/   Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own resea

Tim Shearcroft, CEO and Co-Founder of BP Silver Corp. (TSXV: BPAG), joins me for a review of the fully-funded work programs and pathway to upcoming road construction, channel sampling, MAG Survey, Phase 2 Drilling, IP Survey, and Phase 3 Drilling at the Cosuño Silver Project in Bolivia. We discuss all the levels of exploration data that will collected at each step of all these processes, building upon the successful proof of concept from the initial Phase 1 drill program. The 2026 work program consists of the following key components:   1. Construction of access roads to all principal Cosuño targets.   2. Systematic channel sampling of the principal vein and breccia structures exposed across the property.   3. Completion of a property-wide airborne magnetic ("MAG") survey.   4. A Phase 2 drilling program designed to follow up on the success of the Phase 1 campaign (see news releases dated February 2 and February 27, 2026). The Phase 2 program is budgeted for approximately 2,000 metres of drilling and will focus on: • Testing extensions of high-grade silver intercepts encountered in DH CO-0008 and CO-0009 at Pocañita Chica • Hole # CO-0008 returned 38 m @ 116.39 g/t Ag; including 5 m @ 660.40 g/t Ag; and including 1 m @ 1,655.00 g/t Ag • Hole 3 eCO-0009 returned 58m @ 46.23 g/t Ag; including 6 m @ 147.10 g/t Ag; and including 1 m @ 526.00 g/t Ag. • Initial testing of newly discovered targets by drilling shallow holes ranging from 50 to 100 metres in length. The 1,000-metre-long vein recently discovered at Jalsuri North East is anticipated to be one of these targets. 5. An induced polarization ("IP") geophysical survey over the principal Cosuño targets.   6. Completion of a Phase 3 drilling program. The Phase 3 program will benefit from the integration of geological mapping, channel sampling, MAG and IP geophysical surveys, and prior drilling results.   7. Together, these datasets are expected to improve significantly the Company's understanding of the geometry, continuity, scale, and tenor of the vein and breccia systems across Cosuño. If you have any questions for Tim regarding BP Silver, then please email those into me at [email protected].   Click here to follow the latest news from BP Silver Corp For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute inv

In this Daily Editorial, we are joined by Marc Chandler, Managing Partner at Bannockburn Global Forex and Editor of the Marc to Market website. Marc provides a comprehensive breakdown of a volatile week characterized by a sea of red on Friday across equities and metals, contrasted by a significant rally in the US dollar. Key discussion points include: The G2 Summit and Geopolitical Friction: A look at the conflicting reports following the summit regarding Iran and how these tensions are impacting energy markets and market sentiment. Global Bond Market Sell-Off: An analysis of the sharp rise in the US 10-year yield and why international debt instruments, particularly UK Gilts and German Bunds, are seeing similar pressure. US Economic Reacceleration: Why recent data points to a strengthening US economy, causing a dramatic shift in Federal Reserve rate cut expectations for the remainder of the year. The Surge of the US Dollar: Marc explains the technical drivers behind the dollar’s recovery and why "US Exceptionalism" is creating a divergence between the greenback and other G10 currencies. Commodity Volatility and Hard Assets: A discussion on the recent record highs in copper and the subsequent reversal, alongside the outlook for gold and silver in an inflationary environment.   Click here to visit Marc’s site - Marc To Market - https://www.marctomarket.com/   ------------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Company Update, I am joined by Mike Burke, Director and Vice President of Corporate Development at Sitka Gold (TSX.V: SIG | OTCQB: SITKF | FSE: 1RF). Mike provides a comprehensive breakdown of the May 14th news release regarding the updated Mineral Resource Estimate at the Rhosgobel Gold Deposit within the RC Gold Project. The conversation covers the following key developments: Expanded Mineral Resource Estimate: Mike discusses the official addition of tungsten and silver to the resource at the Rhosgobel deposit, enhancing the overall value of the asset. The Strategic Value of Tungsten: A look at how Sitka Gold’s tungsten grade compares to existing mines and the potential for this critical metal to provide non-dilutive funding and government interest. Silver as a Value Add: An overview of the newly defined silver resource and how it contributes to the bulk-tonnage potential of the project. 2026 Exploration Drilling: Details on the massive 60,000-meter drill program currently underway, including progress at the Rhosgobel and Blackjack deposits. Permitting and Infrastructure Advantages: How the inclusion of critical metals might streamline permitting processes and attract federal infrastructure grants.   If you have any follow up questions for the team at Sitka Gold please email me at [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 Company Update, we are joined by Dan Rodriguez, Co-Founder and CEO of Mercado Minerals (CSE: MERC). Following the commencement of the 3,000-meter drill program in late March, Mercado Minerals has released the first set of results from their flagship Copalito Project in Sinaloa, Mexico. Dan provides a detailed look at the initial high-grade intercepts and how these results align with the company’s broader exploration strategy. Key discussion points include: Initial Drill Results at Copalito: Dan breaks down the first three holes from the 5 Señores vein, highlighting the significant silver and gold grades encountered. Validation of Historic Data: How the recent re-assaying of historical drill holes confirms the reliability of previous work and strengthens the current geological model. Expansion and New Target Generation: Insights into the discovery of new targets as well as the 250-meter extension of the Cinco Señores vein. Strategic Outlook and Financial Position: A look at the company’s current cash position and the planned approach for interpreting data before launching future exploration phases.   If you have any follow up questions for Dan please email me at [email protected].    Click here to visit the Mercado Minerals website to learn more about the company.    ------------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Daily Editorial, we are joined by Craig Hemke, Founder and Editor of the TF Metals Report, to dissect the recent volatile price action across the precious metals sector. As silver maintains its footing in a significantly higher price bracket compared to recent years, Craig provides a technical and fundamental outlook on where the floors and ceilings currently sit for the complex. Key discussion points include: Silver’s technical range-bound consolidation: Why the current $65–$95 range is providing critical lines of demarcation for investors and what a breakout above $95 would signify for the next leg higher. The gold-silver ratio and gold’s sensitivity: An analysis of why gold has remained relatively stagnant compared to silver and how Federal Reserve rate hike expectations are weighing on the yellow metal. Paradigm shifts in historical pricing: A look at why silver’s ability to hold above $85 - despite a rallying US Dollar and rising yields - suggests a fundamental change in market dynamics compared to previous cycles. Copper’s influence on the silver trade: Exploring the "Dr. Copper" breakout to all-time highs and how industrial demand and supply hoarding in the red metal are providing a tailwind for silver. Macro drivers and negative real rates: Why the long-term thesis remains tied to the inevitability of yield curve control and the return of deeply negative real interest rates.   Click here to visit Craig’s website - TF Metals Report - https://www.tfmetalsreport.com/   --------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

James Anderson, Chairman  Working Capital of $14.2M vs $5.4M, represented a 163% increase over the previous quarter. Revenue increased by 40% to $22.7M in Q4 from $16.3M in Q3, 2025. Production during Q4 was 295,836 ounces of silver (an increase of 21% over the previous quarter Grades of Silver and Gold were 37% and 15% higher respectively, showing a continued trajectory toward higher quality ounces. Silver represented 64% of total revenue; with 94% of revenue in Q4 derived from silver and gold sales, Guanajuato Silver remains a genuine precious metals producer with outsized leverage to the silver price. Realized prices were $55.54 for silver and $4,161.94 for gold in Q4. Cash and cash equivalents totaled $41.5M at the end of the quarter   James outlines their ongoing 16,000 meters of underground development work paired with the 75,000-meter drill program, currently utilizing 7 drill rigs and with plans to contract 2 more to augment exploration initiatives. This is largest exploration program the company has ever deployed, with some areas getting the first meaningful resource expansion in many years.     If you have any follow up questions for James on Guanajuato Silver, then please email them into me at [email protected].   In full disclosure, Shad is a shareholder of Guanajuato Silver at the time of this recording, and may choose to buy or sell shares at any time.   Click here to follow the latest news from Guanajuato Silver   For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/

In this Daily Editorial, we are joined by Joel Elconin, Co-Host of the PreMarket Prep Show and Founder of the Stock Trader Network. Joel shares insights on the market technicals, challenging the "bull market" narrative by highlighting the stark divergence between high-flying tech giants and a struggling retail sector. We dive into the following key topics: The Selective Bull Market: Joel explains why the current rally is far more concentrated than it appears, noting the significant number of S&P 500 stocks hitting new 52-week lows despite record highs in major indices. The Power of Momentum and Algos: A look at how algorithmic trading and "story stocks" are driving valuations like Nvidia and Poet Technologies, often ignoring traditional metrics like P/E ratios. Tech Dominance vs. Retail Weakness: We discuss the breakdown in consumer-facing stocks like Nike and Home Depot, and what this trend signals for the broader health of the American consumer. Contrarian Caution and Inflation: Joel shares his personal outlook on why he remains cautious despite the rally, citing looming concerns over sticky inflation, interest rates, and employment data.   Stocks Mentioned: NVDA, MSFT, AAPL, AMZN, GOOGL, META, TSLA, BRK.A, MU, JPM, NKE, HD, POET, CSCO, INTC, ASML, AVGO.   Click here to visit Joel’s PreMarket Prep website - https://www.premarketprep.com/   Click here to visit the Stock Trader Network - https://www.stocktradernetwork.com/   -------------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

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

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

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

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