In this Company Update, I welcome back Mike Burke, Director and Vice President of Corporate Development at Sitka Gold Corp. (TSX-V: SIG | OTCQB: SITKF | FSE: 1RF), to discuss the recent drill results from the RC Gold Project in the Yukon.

Key Discussion Points:

• The Blackjack Drill Results: A deep dive into the geological significance of Hole 128, which delivered a 348 meter intercept of 1.12g/t gold.
• The Depth Component: Why escalating grades at depth are reshaping the exploration model, shifting focus toward economic transitions from open-pit to underground operations.
• Rhosgobel Expansion: An analysis of the first seven holes of the season and how they are expanding the known footprint of this key target area.
• The Tungsten Advantage: The metallurgical potential of tungsten as a high-value byproduct to smooth out grades and boost overall project economics.
• What Lies Ahead: A comprehensive look at the progress of the aggressive 60,000-meter program and upcoming catalysts from high-priority targets like the Saddle zone and Pukelman contact.

If you have any follow up questions for the team at Sitka Gold please email me at Fleck@kereport.com. 

Click here visit the Sitka Gold website to learn more about the Company – https://sitkagoldcorp.com/

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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.

Shane Williams, President and CEO Of West Red Lake Gold Mines (TSX.V:WRLG – OTCQB:WRLGF), joins me to review the key metrics from Q2 operations which demonstrated substantially higher mined ounces and gold produced at their flagship Madsen Gold Project, in the Red Lake district of Ontario, Canada. 

Q2 Operating Highlights

• Mined tonnage increased 46% to 75,524 tonnes in Q2 from 51,616 tonnes in Q1, while mined ounces increased 73% to 10,459 ounces from 6,033 ounces in the first quarter, reflecting both higher mining rates and an increase in average mined grade.
• Gold production totaled 8,576 ounces during Q2 2026, representing a 51% increase from the 5,667 ounces produced in Q1 2026.
• Due to increased mine productivity a surface stockpile of approximately 10,768 tonnes had been generated by the end of Q2 representing approximately 1,500 contained ounces of gold based on estimated grades.
• The mill achieved average processing rates of approximately 842 tonnes per day (“tpd”). Over the second half of 2026, processing rates are expected to increase to approximately 1,000 tpd.

Shane reviewed that the development-focused strategy implemented during the first half of 2026 is now translating into measurable operating improvements as mine sequencing advanced to unlock multiple stoping fronts and operational flexibility continued to improve.  Additionally, all the exploration success had at the 4447 Zone is now factoring into mining and production here in H2, and he points to all the recent success at the 904 Zone having a similar trajectory with first mining anticipated in H2 of 2027.

Next we discussed the higher All-In Sustaining Costs (AISC) in Q4 and Q1 and how the ongoing ramp-up in production will steadily lower the costs over the next few quarters.  Shane highlighted that in the second half of this year that the shaft will be rehabilitated and begin hoisting ore, and this will further drive down costs over the next few quarters. The steady nameplate run-of-mine production and costs will likely be achieved in 2027 and beyond.  We also discussed that the higher oil and diesel prices were not a major cost input and have very muted effect on their underground mining operations where the site mostly runs on cheap hydroelectric power.

We then discussed the next phase of growth which will see satellite deposits like Fork, Starratt-Olsen, and eventually Rowan augment the production at Lower Austin and Austin South at Madsen.   The Company will be putting out a Pre-Feasibility Study in September wrapping updated economics around Madsen and factoring in how future production from Rowan would increase production growth and take the company to the next level of producer.

Wrapping up we discussed the many areas of focus for exploration and resource expansion, including greenfield surface targets, past producing brownfield areas like Starratt-Olsen and Mt Jamie, and underground targets as the company continues to dewater areas of Madsen that haven’t been touched by modern exploration or mining; with last mining occurring back in the 1960s and 1970s.

If you have any follow up questions for the team over at West Red Lake Gold please email me at  Shad@kereport.com.

• In full disclosure, Shad is a shareholder of Goliath Resources at the time of this recording and may choose to buy or sell shares at any time.

Click here to visit the West Red Lake Gold website and read over the recent news we discussed.

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Investment disclaimer:

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Roger Rosmus, Founder, CEO, & Director of Goliath Resources Ltd (TSX-V: GOT) (OTCQX: GOTRF) (FSE: B4IF), joins me for an exploration update reviewing the visual takeaways and geological interpretation from the first 10 holes from the 2026 drill program at the Surebet Discovery on the Golddigger Property; located in the Golden Triangle, B.C. Multiple step-out intercepts of gold-bearing mineralization have expanded the Bonanza Zone by 750 meters to the southwest, the Golden Gate Zone by 400 meters to the south and 200 meters to the north.

The Company is in a strong financial position with a fully funded large 50,000 meter expansion drill program lined up in 2026, that will be testing the limits of the mineralization, as well as pushing the geological thesis and their understanding of the multiple types of gold mineralization.

• All drill holes completed thus far during the 2026 drill campaign have intersected quartz-sulphide mineralization which generally corresponds to high-grade gold mineralization.
• 10 out of 107 planned drill holes have been completed with a total of 4,983 m drilled in 2026.
• Visible gold to the naked eye (VG-NE) has been intersected in multiple veins and shear zones from 6 out of 10 holes drilled in 2026, continuing to confirm the consistency of the mineralization within the Surebet system that remains wide open in multiple directions
• Assays are pending on all 2026 drill holes completed to date.
• 5 drill rigs are turning at present, and 2 more rigs are on-site and will start up in a week.

This year’s program will be mainly focused on expanding their 5 Main Mineralized Zones at the Surebet Discovery. Much of the focus on these initial holes was stepping out and expanding the Bonanza Zone and Golden Gate Zone.  Data compilation and interpretation is underway which will be used to potentially vector in on the indicated Motherlode causative intrusive source to this extensive high grade gold system with widespread VG-NE.

If you have any questions for Roger about Goliath Resources, then please email them to me at Shad@kereport.com .

• In full disclosure, Shad is a shareholder of Goliath Resources at the time of this recording and may choose to buy or sell shares at any time.

Click here to follow the latest news from Goliath Resources

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Jack Henris, President and COO, and Shawn Campbell, CFO of Dakota Gold (NYSE American: DC), both join me for a visual exploration and development update on their Richmond Hill Oxide Heap Leach Gold Project; located in the historic Homestake District of South Dakota, near existing mining infrastructure. We review all the drill results from 2025 and 2026 that will be incorporated into the upcoming resource estimate and Pre-Feasibility Study (PFS) in Q4, and the timeline of key development studies that will feed into updated Feasibility Study economics in 2027. We also highlight the upcoming drill program at their Maitland Gold Project, which will lead into a maiden resource estimate.

We start off with Shawn reviewing the existing site and regional infrastructure advantages along with the resources at Richmond Hill that were defined in prior years drilling, while Jack outlined the key economic metrics as outlined in the existing SK-1300 Internal Assessment of Cash Flow (IACF).  Richmond Hill is one of the largest undeveloped oxide gold resources in the United States being advanced by a junior mining company, with over 6 million ounces of gold and over 60 million ounces of silver moving along the pathway of development into heap leach production as soon as 2029.

The 2026 Drill Campaign is now complete, and it totaled 17,273 meters of infill, expansion, and geotechnical drilling across 112 holes. Results from the 2025 and 2026 drill campaigns at Richmond Hill are being incorporated into a Pre-Feasibility Study (“PFS”) in the fourth quarter of 2026.

• The exploration team has been encouraged by the series of solid results from the northeast expansion drilling, which continues to identify higher-grade zones that complement the large heap-leachable resource at Richmond Hill.
• This data will support an updated mineral resource estimate, refine the geo-metallurgical model, and deliver a single optimized mine plan with sequencing.
• Jack highlighted that the results being intercepted in the Northeast Project area contain much higher grades than the average overall resource grade. These results have encouraged their team to consider trade-off studies for the upcoming Pre-Feasibility Study (PFS), to potentially access these higher-grade areas in the first several years of mining.
• These trade-off studies that will factor into the upcoming PFS will be analyzing the fine-tuning of the project economics around the grade optimization, mine optimization, amount of material processed, and run-of-mine streamlining.

Supported by their $107 million cash position as of March 31, 2026, Shawn pointed out that this strong capital position has allowed the Company to announce that they’ve secured the electrical substation build slot and are advancing engineering, site layout, and operational readiness along the project’s critical path. These workstreams will go above and beyond reporting reserves in 2026 PFS, and metallurgical test results and engineering studies will then inform the Feasibility Study to be completed in the first half of 2027.

Shawn reviews the maps of where the key site build-out will go on the private land, but also highlighted the potential to expand the Richmond Hill Project out beyond into the forest service lands in the fullness of time.  There was information shared that there is also opportunities in the future for the sulphide material underneath the oxide material at Richmond Hill.

Wrapping up, Jack shares that the drill program for this year just got underway at the Maitland Gold Project, with 5,578 meters (18,300 feet) planned over 44 holes.

• The goal of this infill drilling, when combined with historic drill results, will be to define a maiden resource for the Tertiary-aged Unionville gold Zone.
• There may be some additional work into the JB Gold Zone which has iron formation mineralization similar to the Homestake Mine style of gold mineralization.  

If you have any questions for Jack or Shawn regarding Dakota Gold, then please email those to me at Shad@kereport.com.

• In full disclosure, Shad is a shareholder of Dakota Gold at the time of this recording, and may choose to buy or sell shares at any time.

Click here to follow the latest news from Dakota Gold

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In this Company Update, I am joined by Eric Roth, President and CEO of Capella Minerals (TSXV: CMIL / OTCQB: CMILF), to discuss the company’s latest exploration advancements across northern Finland under their earn-in joint venture with Tümad. Eric shares critical insights from the recently completed winter drill program at the Killero East project, detailing what the high-grade copper mineralization and newly defined structural corridors mean for the system’s overall scale. He also introduces the newly launched diamond drilling program at Killero West, where the team is actively targeting promising new gold-copper anomalies.

Key Topics Discussed:

• Killero East Drill Results: What the high-grade copper, silver, and zinc intervals reveal about a potentially larger massive sulfide system.
• Killero West Diamond Drilling Launch: Insights into the targets and goals behind the newly initiated scout drill program in northern Finland.
• Tümad Earn-In Joint Venture Update: Where Capella stands with its Year 1 funding and drilling commitments under the joint venture.
• Regional Pipeline Progress: An overview of upcoming results and permitting progress across the Company’s project portfolio. .

If you have any follow up questions for Eric please email me at Fleck@kereport.com. 

Click here to visit the Capella Minerals website to learn more about the Company. 

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Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to for a conversation around how he is navigating this low pricing, low sentiment, low news, and low volume Summer Doldrums period in his portfolio.   This includes how he is approaching advanced developers versus earlier stage developers, and the spectrum of different gold and silver exploration companies.

We start off discussing the overall sector sentiment is mirroring the bearish metals and miners pricing backdrop.  This is also evidenced in the very low volume levels in trading the last couple months from the large producers and sector ETFs all the way down to the junior PM stocks.  There has not been nearly as much newsflow as anticipated across the space, where some companies have either sat on some news or scaled down their anticipated work programs.

Erik discusses how he is still animated by companies that have work catalysts that can impact their valuations and create alpha in the sector, and prefers those over more mature companies that have work programs that may only move the needle incrementally, and get stuck moving with sector beta and metals price direction.

* In full disclosure, some companies mentioned by Erik in this interview, are positions held in his personal portfolio, and also may be site sponsors of The Hedgeless Horseman website at the time of this recording.

Click here to follow Erik’s analysis over at The Hedgeless Horseman website

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Investment disclaimer:

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In this Monday Daily Editorial, we sit down with Craig Hemke, Founder and Editor of the TF Metals Report, to discuss the ongoing search for a bottom in precious metal, amidst low overall sentiment. Craig outlines the heavy slate of US economic data and high-profile central bank commentary on the horizon that could break the current trend.

The conversation highlights several critical factors shaping the markets this week:

• Upcoming Inflation Indicators: How the latest CPI and PPI prints could alter current expectations for rate hikes and impact real interest rates.
• Humphrey-Hawkins Testimony: A look at what the upcoming Federal Reserve testimony before Congress means for market direction and future monetary policy.
• Monthly Treasury Statement: A breakdown of the latest fiscal data, deficit spending numbers, and the long-term implications for bond yields and debt servicing.
• The Copper vs. Precious Metals Divergence: A compelling comparison explaining why copper remains resilient near all-time highs while gold and silver struggle to find near-term momentum.

Click here to visit Craig’s website – TF Metals Report – https://www.tfmetalsreport.com/

——————————-

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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.

Pinnacle Silver & Gold Appoints Auramet Capital Partners as Financier for El Potrero

• Securing Institutional Backing: What the alignment with a prestigious financier like Auramet means for the commercial roadmap of the El Potrero project.

• Capital Strategy De-Risking: How this strategic appointment changes the funding dynamic and mitigates typical dilution hurdles for retail investors.

• The Next Catalysts: Executive commentary on immediate operational milestones fueled by this institutional partnership.

Listen to the full interview with Pinnacle Silver & Gold

Surge Copper: Breaking Down the Key Metrics and Takeaways from the Berg Project PFS

• A Massive Tier-1 Profile: Exploring the newly declared Maiden Proven & Probable Reserves of 1.2 billion tonnes and what this scale implies for long-term production.

• The Economic Leverage: An inside look at the base-case after-tax NPV8% of C$4.6 billion vs. the stunning spot-price sensitivity scenario of C$9.4 billion.

• Infrastructure Advantages: How access to existing roads and low-carbon hydroelectric power positions Berg uniquely against other undeveloped North American copper giants.

Listen to the full interview with Surge Copper

Summit Royalties Completes Transformational Acquisition of Star Royalties

• The Copperstone Gold Stream: Key details on the highly anticipated 4% gold stream acquired on the development-stage Copperstone Project in Arizona.

• Valuation Disconnect vs. Peers: Why management believes the pro-forma entity is currently trading at a significant discount on a Price/NAV and future cash flow basis.

• Balance Sheet Strength: How a zero-debt position and ample cash-on-hand position the company for immediate subsequent royalty acquisitions.

Listen to the full interview with Summit Royalties

Apptly Health Technologies: Name Change, Network Growth, and Major Partnerships

• Scaling via Strategic Alliance: The mechanics behind the brand-new 3-year agreement with Emphera Health, targeting a self-funded employer market of over 40 million people.

• Network Multiplication: How the platform is instantly scaling from 5,000 to over 7,000 active specialists to capture direct-pay consumer healthcare demand.

• Elite Leadership Additions: The strategic reasoning behind the recent rebranding from UberDoc and the appointment of key healthcare titans to the advisory board.

Listen to the full interview with Apptly Health Technologies

BP Silver: Phase 2 Drilling Underway at Cosuño with Aggressive Exploration Strategy

• Following the High-Grade Clues: The geological targets of the newly commenced 2,000-meter diamond drilling program in Potosí, Bolivia.

• Pending Data Flood: What to look for as soil sampling assays return and property-wide airborne MAG surveys kick off this month.

• Expansion Blueprints: Management’s perspective on integrating geophysical datasets to prove up the true geometry and scale of these key vein and breccia systems.

Listen to the full interview with BP Silver

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This weekend’s The KE Report Weekend Show provides a deep dive into the technical layout of the commodities sector and the shifting dynamics of the global currency markets. In two insightful segments, fund manager Dana Lyons shares his rigorous technical perspective on precious and red metals, while currency expert Marc Chandler breaks down recent dollar strength and the structural changes in global central bank reserves. 

• Segment 1 & 2 – Dana Lyons, a fund manager and editor of the Lyons Share Pro, kicks off the show to discuss how seasonality, political cycles, and chart trends impact various financial markets. Dana provides a comprehensive technical analysis, sharing a bearish short-term outlook for precious metals and copper while explaining why his models remain structurally bullish on general equities despite a recent leadership rotation into health care, financials, and small-cap stocks. 
• Click here to visit the Lyons Share Pro website and learn more about Dana’s investment services – https://lyonssharepro.com/

• Segment 3 & 4 – Marc Chandler, Managing Partner at Bannockburn Global Forex and editor of the Marc to Market website, joins the show to analyze global currency trends, specifically examining the fundamental drivers behind recent U.S. dollar strength. He also highlights the gradual shift in central bank reserves away from the dollar toward gold and alternative currencies like the Australian dollar, while discussing how recent political developments in Europe are impacting the market. 
• Click here to visit Marc’s site – Marc To Market – https://www.marctomarket.com/

If you enjoy the show, be sure to subscribe to our podcast feed (KER Podcast), YouTube channel, and follow us on X for more market commentary and company interviews. Don’t forget to subscribe and leave us a review!

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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.

Here is the politics posting for this week. 

I hope you all have a great weekend! 

Jason Jessup, CEO and Director of Magna Mining (TSX: NICU) (OTCQX: MGMNF), joins me for a review of Q2 operations at the McCreedy West Mine and the expedited development pathway for the Levack and Crean Hill mines located in Sudbury, Ontario. We also unpack the C$140 Million Strategic Investment by Alpayana, coming in as a new 19.9% stakeholder.

Q2 Operational Highlights:

• As of June 26, 2026, McCreedy West had shipped 91,724 tons of ore from the 700 Copper Zone to Vale Base Metals’ Clarabelle mill in Sudbury, with four days remaining in the second quarter. This surpasses the 84,953 tons of ore produced in the fourth quarter of 2025 and represents a new quarterly record for McCreedy West under Magna ownership.
• The average grade of the 66,445 tons of ore shipped during April and May is 3.55% copper equivalent (“CuEq”), based on the commodity prices assumed in the Company’s 2026 production and cost guidance. Final assays are pending for ore shipped in June but average grades for Q2 are anticipated to be near the upper end of the full year guidance range.
• Underground development at McCreedy West during the quarter is anticipated to exceed 2,350 feet, also a record under Magna ownership.
• McCreedy West has achieved a Total Reportable Injury Frequency Rate (“TRIFR”) of 0.0.  
• Numerous pieces of well-maintained underground equipment have been acquired from a nearby Sudbury operation that is moving into a state of closure for a total price of less than $1 million, well below market rates for equivalent used or new equipment. This equipment will be repurposed for use at the Company’s Levack Mine and to support other Magna projects in the Sudbury Basin with potential savings expected to be in the range of $9-12 million.

On July 6, 2026, the Company announced a non-brokered private placement financing with Alpayana S.A.C. to purchase 62,222,222 common shares of the Company at a price of C$2.25 per Share for aggregate gross proceeds of approximately C$140,000,000. At closing of the Offering, Alpayana is expected to hold approximately 19.9% of the issued and outstanding shares of Magna.  Jason unpacked how the transaction came together, the shared values and business approaches between the 2 companies, and how this capital accelerates a dual-track development of both Levack and Crean Hill into commercial production by 2028.

The Company is planning to release a Preliminary Economic Assessment (“PEA”) for the Levack Mine in parallel with work to re-establish ore and waste hoisting capabilities during Q3.  At present those economics will not include the high-grade drilling completed to date at the R2 Footwall Zone. We reviewed the continued high-grade drill results across copper, nickel, platinum, palladium, gold, and silver in more recent assays returned from the ongoing exploration and development work at the Levack Mine. Jason highlights that a development drift is being implemented to support ongoing underground exploration of this area, for the potential of future implementation into development plans.

Next we review the ongoing workstreams for Crean Hill that will be feeding into the upcoming PFS later this year.  He notes that the significantly higher precious metals today compared to back in 2022 will be a factor that plays into the updated economics, and maps out that the ramp up into production could commence as early as H2 2027.

We wrap up discussing that the prior-producing Poldosky Mine and the development-stage Shakespeare Project are still both permitted assets of merit and will feed the development cue as mines number 4 and 5 further down the road.

Click here to follow along with the news at Magna Mining

If you have questions for Jason regarding Magna Mining, then please email me at Shad@kereport.com.

• In full disclosure, Shad is a shareholder of Magna Mining at the time of this recording, and may choose to buy or sell shares at any time. 

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This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Daily Editorial, we chat with Joel Elconin, co-host of the Pre-Market Prep Show and founder of the Stock Trader Network, to dissect a shifting market landscape where classic tech leaders are taking a backseat to broader sector growth and what actually drives markets between valuations, momentum, seasonality, and economic data. 

Key Discussion Points:

• The Reality of Market Breadth: Discover why a widening market rarely signals a major top and what the rotation out of mega-cap tech means for the broader indices.
• The AI CapEx Dilemma: Explore whether the massive infrastructure spend by hyper-scalers is finally hitting a wall of “too much compute” or if efficiency gains are just beginning.
• Earnings and Valuation Disconnects: Examine the tension between strong fundamental earnings and growing street skepticism over future sustainability.
• The Power of Momentum Over Macro: Learn why technical price action and underinvested market participants continue to override traditional economic warning signs.

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/

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Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

[Recorded July 7, 2026]  Sean Brodrick, Editor of Wealth Megatrends, Supercycle Investor, Resource Trader, and contributing analyst to Weiss Ratings Daily, joins us to discuss his investing outlook across multiple resource and energy sectors in the current macroeconomic environment. He shares how he is managing his portfolio as it relates to gold, gold stocks, oil, oil stocks, A.I. Stocks, and those infrastructure stocks adjacent to the massive A.I. datacenter buildouts still currently underway. 

The conversation kicks off around the precious metals sector, noting that the extreme selling pressure and downside momentum has stalled and that we did see a recent small bounce in gold and gold stocks off their lows since the middle of last week.

• Sean acknowledged the bear market price action in gold and gold stocks since the tops in late January and February to present, and would like to see the PMs just quit going down and stop making lower lows.
• We discussed the growing number of calls for entering a more a bullish period of seasonality, where the PM sector often bottoms in late July into early August.
• Sean has been nibbling a little bit on quality PM producers into the overall sector correction, such as Aura Minerals (NASDAQ: AUGO), but ultimately wants to see more follow-through strength and a definitive break up out of the bearish downtrend, before getting more aggressive in adding to new positions.
• He is constructive on the upcoming Q2 earnings, where producer margins were still very robust, even despite the higher energy inputs for the quarter. Now with oil prices down very close to levels before the war started, he’ll also be reviewing carefully the forward guidance from companies as it relates to projected costs for Q3.

Next we dove further into the WTI oil price movements into the $70s, and how that may play into current opportunities in the energy stocks, along with expectations around Fed policy.

• Sean his hanging on to his energy stocks for now, especially if they have solid fundamentals at these current prices, and pay a good dividend.
• He sees the markets as having become very tilted to overly hawkish expectations from Kevin Warsh’s comments on price stability in lieu of rising inflation concerns.
• It’s possible that we may see 1 token rate hike from the Fed later in the year, but then it’s more likely to see neutral to dovish policies take back over, especially if energy prices stay in the $70s or low $80s and inflation moderates.

Sean weighs in on the narratives circulating about the potential overspend and over-commitment from big tech companies into the AI datacenter buildout.

• Sean already exited profitable positions in the semiconductor chips, and recently pulled a 2^nd wave of profits in most of the companies he held in his portfolio exposed to the infrastructure buildout of AI data centers, like Sterling Infrastructure, Inc. (NasdaqGS: STRL).
• He notes several large mega-cap tech companies like Meta and Google now renting out some of their A.I. capacity as sign of an overbuild in compute; and draws parallels to the overbuild of fiberoptic cable during the dotcom bubble of the late 1990s into the internet stock crash in 2000-2001.
• The rise of China’s less costly and equally efficient A.I. platforms pose a threat to domestic tech companies and may temper any further advances.
• He points to the dangerous trends of previously cashflowing tech companies pivoting from profitability to now taking on massive amounts of corporate debt to keep building more compute capacity.
• Sean outlined that there needs to be a market rationalization for how much further compute capacity and infrastructure buildout is actually needed, and that this industry may be out over its skis at this point.

Click here to follow along with Sean’s work at Weiss Ratings Daily and Wealth Megatrends

.

Click here to learn more about Resource Trader

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Shad’s resource market commentary: https://excelsiorprosperity.substack.com/

Investment disclaimer:

This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Tim Shearcroft, CEO and Co-Founder of BP Silver Corp. (TSX.V: BPAG) (OTCQB: BPSCF), joins me for an exploration update now that the 2,000-meter Phase 2 drill program has begun at the Cosuño Silver Project in Bolivia. This Phase 2 drilling forms part of a broader ~8,000 m diamond drilling campaign anticipated for 2026.

The Phase 2 drill program is designed to test the broader scale potential of the Cosuño lithocap-hosted hydrothermal system and build on the positive results of the Company’s Phase 1 drill program; and will comprise approximately 20 to 24 diamond drill holes. The first drill hole is currently following up on high-grade silver mineralization intersected at the Pocañita Chica target, where discovery drilling returned 5 m grading 600.40 g/t silver, including 1 m grading 1,655 g/t silver.

We then discuss the series of other exploration workstreams that will be commencing over the next couple months, such as: the MAG Survey, IP Survey, more mapping and sampling. 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.

Once this new data gets incorporated into the geological model, then it will lead into prioritizing the targets for the 6,000 meter Phase 3 drill program later this year. Tim also highlighted that Pocañita Grande will be getting its maiden drilling during the Phase 3 program, now that they have been developing roads and site access to this important target.

Click here to follow the latest news from BP Silver Corp

If you have any questions for Tim regarding BP Silver, then please email those into me at Shad@kereport.com.

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Investment disclaimer:

This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In today’s Daily Editorial, we chat with Dave Erfle, the founder of the Junior Miner Junky, to break down the latest price action in the precious metals sector. With gold and silver emerging from a multi-month pullback, Dave shares his technical outlook, major support thresholds, and the historical cycles keeping long-term investors grounded. This episode features an overview of key market indicators and sector ETFs, including GDX and GDXJ.

Here is a glimpse of the key discussion points covered in this episode:

• Precious Metals Rebound: An analysis of the short-term trading rebound in gold and silver, highlighting the crucial psychological support levels currently holding the line.
• Historical Market Analogues: Why the recent multi-month correction structurally resembles key cyclical moments from 2008, and what this pattern implies for the broader secular bull market.
• Central Bank Accumulation: A look at the macro drivers keeping fundamentals strong, spearheaded by historic bullion purchasing from global central banks.
• Junior Sector Catalysts: How a shifting corporate landscape and an upcoming deluge of junior mining news flow, including drill results, and economic studies could shake the sector out of its summer doldrums.

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/ 
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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 Bob Archer, President and CEO of Pinnacle Silver & Gold (TSXV: PINN | OTCQB: PSGCF | FSE: P9J), to discuss the company’s recent announcement regarding a strategic financing partnership for the El Potrero Project.

Bob breaks down the newly announced appointment of Auramet Capital Partners as a financier, detailing how this non-dilutive arrangement is designed to advance the asset toward small-scale production while protecting shareholder value. Bob also provides crucial updates on the company’s ongoing operational timelines, permitting processes, and exploration milestones.

Key discussion points include:

• The Auramet Financing Structure: An overview of the US$5 million non-equity financing arrangement, the exclusivity terms, and how the relationship with Auramet dates back to successful historical ventures.
• The Path to Production: A look at the anticipated 2027 timeline for restarting production at El Potrero, detailing upcoming capital expenditures from equipment procurement to infrastructure rehabilitation.
• Underground Drilling Progress: Insights into the ongoing closely spaced underground drilling program, the strategy behind evaluating the vein’s thickness and grade, and when investors can expect the next round of assay results.

Please email me with any follow up questions you have for Bob – Fleck@kereport.com.

Click here to visit the Pinnacle Silver and Gold website to learn more about the company and read over the recent news 

For more market commentary & interview summaries, subscribe to our Substacks: 

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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 Dr. Paula Muto, founder and interim CEO of Apptly Health Technologies (CSE: APPT) (formerly known as UberDoc). Following the company’s recent public listing, Dr. Muto explains the strategic restructuring designed to position the platform for rapid operational growth, enhanced physician integration, and recent major growth news.

Key discussion points include:

• Strategic Corporate Restructuring: Why a pivot to a more physician-oriented leadership structure is accelerating the company’s forward-facing marketplace goals.
• Exponential Network Growth: An inside look at the consumer-side strategies that have already doubled patient/user growth, alongside a major new merger.
• The Marketplace Growth: How the platform is integrating cutting-edge nutritional therapies and a subscription SaaS model featuring next-gen search engine indexing for doctors.
• Game-Changing Healthcare Partnerships: The mechanics behind a massive new agreement that expands the platform’s reach to tens of millions of employee lives through direct contracting.

Click here to visit the UberDoc website to learn more about the technology 

Please note this interview was recorded early in the day on June 30th, 2026. 

For more market commentary & interview summaries, subscribe to our Substacks: 

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Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Daily Editorial, Craig Hemke, Founder and Publisher of the TF Metals Report, joins me to discuss the moderating of the peak hawkishness in the markets around inflation and Fed policy expectations over the last couple weeks.  Softening expectations have provided the conditions for the precious metals to begin to bottom and build a base, while lifting sector sentiment.  We dive into the technical outlook for gold, silver, and PM equity prices, counterbalanced against the macroeconomic backdrop.

Key Discussion points:

• Craig comments on pricing in gold, silver, and PM ETFs holding steady over the last week and not going down any further; and making a slight move higher.
• There was legitimate chart damage done as pricing broke below the 200-day moving average, and 50-week moving averages as a ‘piling on’ effect from the peak hawkishness in the markets. 
  • However, if things calm down in these summer months and pricing consolidates through time, then those moving averages will coalesce and smooth out.
  • This could rhyme with last summer’s sideways consolidation period, where the moving averages narrowed and built the energy for the short-duration price averages to break above the longer-duration price average to kick off the next leg higher in the bull market.
• He believes most of the corrective move has now happened at this point; noting that every time gold moved below $4,000 that we witnessed strong buying come in to snap it back up over that level.
• Craig reiterated that even if 2026 was to end the year flat and somewhere around the $4,340 level where it opened this year, that this would be solid performance after the outsized gains in gold on a percentage basis from 2024 and 2025.
• Gold producers were chopped in half, on extreme negative sentiment from the falling metals prices paired with rising energy prices ever since the war broke out in March.  
  • Later in July and into August we’ll start getting the actual Q2 earnings reports from the PM producers, and Craig feels that they may surprise many investors to the upside. 
  • The average price of the metals and margins actually were higher than many quarters from last year, and definitely a stark difference compared to Q2 of 2025, for the year-over-year comparisons.
  • Additionally, the actual effect of the higher oil prices on producers input costs versus the perceptions will be another key data point to follow. The fear around higher energy prices was the rationale many used to drop the valuation in producers by 40%-60%, even though the energy inputs only come in around 10%-15% of costs, and  so the concerns were way overblown by skittish investors throughout Q2.
  • As we receive Q3 guidance, it will come at time where oil prices are essentially right back down to where they were at before the war even began, which should bake those concerns back out of the cost estimates.
• The Fed funds futures have swung to both extremes, coming into the year expecting 2 rate cuts, and flip-flopping by going to peak hawkishness and pricing in 2 rate hikes just a few weeks back, after Kevin Warsh’s first press conference post FOMC meeting.
• Craig expects that as we get more data and those inflation expectations start to equilibrate, that the market will shift to more neutral Fed policy guidance moving into the Fall, which will be a boon for the precious metals sector.  
• All eyes will be on the CPI and PPI  numbers 2 weeks from now for more clarity on the trend in inflation.

Click here to visit Craig’s website – TF Metals Report – https://www.tfmetalsreport.com/

For more market commentary & interview summaries, subscribe to our Substacks:

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Investment disclaimer:

This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Daily Editorial, I chat with TG Watkins, Director of Stocks at Simpler Trading and Editor of the Profit Pilot website. The rotation trend continues from mega-cap tech leadership out into a variety of market sectors, and then some sectors that have been under selling pressure, may have found short-term support for tradable rallies. TG provides the technical signals he is watching in tech, biotech, housing, cryptos, gold, copper, critical minerals, and oil.

Key Discussion Points

• Broad Market Expansion: Discover why the current rally is broadening out significantly beyond just mega-cap tech giants, and how the Russell 2000 (IWM) and equal-weight S&P (RSP) are showcasing underlying market strength.
• Interest Rates & Inflation Outlook: TG shares his contrarian perspective on bonds, and why he is looking to buy dips in the (TLT), in anticipation of neutral rates for now and eventual dovish monetary policy. 
  • If rates have topped out for now, then this creates a favorable backdrop for small cap stocks, like Rice Acquisition Corp (KRSP), and consumer stocks with a traditionally higher cost of capital.

• Strength in Housing Stocks: This environment of peak interest rates that may roll over lower, is also constructive for real estate & housing, where he has noted recent strength in State Street SPDR S&P Homebuilder ETF (XHB), Opendoor Technologies (OPEN), and AirBnB Inc (ABNB).
• Surging Biotech Stocks: Biotech stocks have been very strong recently, but may be reaching buying exhaustion soon. TG has had his subscribers long the sector since May in ETFs like ARK Genomic Revolution ETF (ARKG),  Direxion Shares Daily S&P Biotech Bull 3X ETF (LABU), Tempus AI (TEM), and Intellia Therapeutics (NTLA).
• The Cryptos Are Seeking Support: From the shifting dynamic of crypto miners into AI power generation to a technical breakdown of Bitcoin, Ethereum, and crypto repositories – find out if a digital asset turnaround is on the horizon. We look at the cryptos themselves like Bitcoin (BTC), Ethereum (ETH), and crypto-adjacent equities like MicroStrategy (MSTR), TeraWulf (WULF), IREN Ltd (IREN), Galaxy Digital (GLXY).
• Precious Metals Have Only Provided Bounces In Downtrends: An in-depth look at where Gold (GLD), Silver (SLV), and the VanEck Gold Miners ETF (GDX) might find technical support, after breaking down through key moving averages the last few months.  Thus far all we’ve seen is relief rallies in broader PM downtrends.
• Copper Has Been Rangebound:  When contrasted against many metals, Copper and copper stocks have been more resilient, but have been in a whipsaw trendless market over the last few weeks.  TG has sold out of copper stocks like Trekor Metals Ltd {formerly Taseko}, (TGB) and Southern Copper Corp (SCCO) until he sees more solid technical evidence of a break and trend in one direction or another.
• Critical Minerals Overbought and Taking A Breather:  After outsized moves this year, the narrative adjustment in AI datacenters and media focus, has seen the critical minerals stocks roll over after getting overbought on the charts.  The VanEck Rare Earth/Strategic Metals ETF (REMX) and lithium and energy storage leaders like Albemarle Corp ALB have been rolling over after solid runs in 2026.
• Oil Was A Short A Few Weeks Back, But May See A Bounce:   TG noted the geopolitical effects on the oil price, after the MOU was signed between the US and Iran ending the hot war, but sees oil as technically oversold at this point. The technically oversold setup is similar in the State Street Energy Select Sector Index SPDR ETF (XLE), where a short-term relief rally would not be a surprise.

Click here to visit TG’s site – Profit Pilot – https://www.profit-pilot.com/

Click here to visit the Profit Pilot YouTube page – https://www.youtube.com/@Profit-Pilo

For more market commentary & interview summaries, subscribe to our Substacks:

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Investment disclaimer:

This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned

Drew Clark, President and CEO of Summit Royalties Ltd. (TSX.V: SUM) (OTCQX: SUMMF), joins me to outline the transformational acquisition of Star Royalties Ltd. (TSXV: STRR, OTCQX: STRFF), which closed on July 3^rd, 2026. The Arrangement materially expands Summit’s portfolio with the addition of Star’s royalty and streaming interests, including a 4% gold stream on Mining Americas Inc.’s (formerly Minera Alamos Inc.) Copperstone Gold Project in Arizona.

The Copperstone gold stream provides Summit Royalties with exposure to a fully permitted Arizona gold development project where Mining Americas recently announced a positive Pre-Feasibility Study (“PFS”) and a formal construction decision. Based on the PFS results and current estimates, project construction is expected to take approximately one year, with initial production of 46,000 oz of gold per year anticipated by mid-2027.

Drew highlighted the upside potential to continue to grow the underground resources of the Copperstone Mine, considering Mining Americas having just announced a planned increase in the mill throughput from 600tpd to 1000tpd. Additionally, Mining Americas just announced there is a portion of resources outside of the PFS that exist in near-surface areas in proximity to the historic open pit excavations, and the Company believes there is potential for gold mineralization to be extracted via open pit mining methods.  This open pit was not even factored in the initial valuation process, and Drew mentioned it was now like getting a gold stream on 2 mines for the price of 1.  

Together with their existing portfolio, including a royalty on Jaguar Mining’s near-term producing Pitangui Project, where development is expected to commence in 2026 with first gold production targeted in 2027, this acquisition transaction of the gold stream on Copperstone strengthens the Company’s future revenue and cash flow growth.

With the closing of the Arrangement, Summit’s portfolio now includes 48 royalties and streams, anchored with four producing assets, two assets expected to enter construction in 2026 which are targeted to begin production in 2027, and 42 additional royalties expected to add additional cash flow growth and optionality for years to come.  The portfolio is focused mostly on gold and silver, and spans across 3 core jurisdictions – Canada, USA, and Australia.  Summit is now the fastest growing company in the precious metals royalty sector; having completed their first royalty and stream transaction in May 2025, and just went public in the 2^nd half of last year.  

Summit Royalties has continued to demonstrate its ability to identify and execute accretive transactions, and intends to build on that momentum with discipline, to become the next mid-tier streaming and royalty company.  Drew outlines that they are reviewing a few key term-sheets to keep making future actionable and accretive acquisitions to increase production and cash flow growth.

• • Improved capital markets presence and trading liquidity, with supportive shareholder base.
  • Pro forma Summit valued at a significant discount to peers on Price/NAV and Price/2027E cash flow per share (“CFPS”) basis.
  • The Corporation currently has no debt and sufficient cash on-hand for use in future acquisitions, as well as being in dialogue with financial institutions for adding a potential revolving credit facility.

Click here to follow the latest news from Summit Royalties

If you have any follow up questions for Drew about Summit Royalties, then please email them into me at Shad@kereport.com.

• In full disclosure, Shad is a shareholder of Summit Royalties at the time of this recording, and may choose to buy or sell shares at any time.

For more market commentary & interview summaries, subscribe to our Substacks:

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Shad’s resource market commentary: https://excelsiorprosperity.substack.com/

Investment disclaimer:

This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.