Welcome to The KE Report Weekend Show -Holiday Special. Since it’s the end of the year it’s a great time to reflect on the current state of the markets and look ahead to 2025. 

This Weekend Show provides some invaluable insights into metals equities as I feature an executive from one of the largest royalty companies in the space and a fund manager focused on metals equities. I hope you all enjoy this weekend’s show and take away some valuable information to use for investing in 2025. 

Click here to visit the Wheaton Precious Metals website. 

Click here to visit the MJG Capital website to learn more about Matt’s fund. 

Joel Elconin, Co-Host of the PreMarket Prep Show joins us to discuss the volatile week for markets and look ahead to the last few days of the year. 

We start with the Fed’s 25 basis point rate cut and future rate projections, as well as the market's volatility in response. Joel also shares insights on contributing factors to market jitters, including the quad witching expirations, political uncertainties in Washington, and external events like the bird flu in California. The discussion includes analysis of key market responses, including the role of major investors like Warren Buffett, the rebound in tech stocks, and the impact on commodities. We wrap up with Joel’s outlook for the remainder of the year and the challenges and opportunities investors may face in 2025.

Click here to visit Joel’s PreMarket Prep website.

Josef Schachter, Founder and Editor of the Schachter Energy Report, joins me to provide an update on the oil and natural gas sectors including a number of stocks he sees as attractive buys. Josef also is offering a holiday discount for his yearly and quarterly subscriptions. 

To take advantage of the holiday special click here to visit the Schachter Energy Report website and enter the code "HOLA24" for $100 the yearly subscription or "HOLQ24" for $50 of a quarterly subscription. 

The discussion kicks off with a review of natural gas prices, currently at a two-year high, exploring seasonal trends, EIA data, and LNG exports. Josef predicts potential price movements and evaluates the future of LNG exports, highlighting key challenges in the Canadian market. Transitioning to energy equities, Josef discusses the impact of tax loss selling on energy stocks and shares his predictions for 2025. He provides detailed analysis on various natural gas and oil stocks, including Obsidian, Tourmaline, and Paramount, assessing their valuation, growth potential, and dividend stability. We also touch upon opportunities in smaller energy stocks like Bonterra and emphasizes the importance of insider ownership, cash flow, and asset value in evaluating investments. We conclude with a look at the broader implications of regulatory changes, global supply and demand, and investment strategies for the energy sector.

Dave Erfle, Editor of the Junior Miner Junky joins me to discuss the ongoing correction in gold, silver, GDX, GDXJ and SIL. 

The Fed's decision to cut rates by 25 basis points and its revised projections for only two more rate cuts in 2025 have led to significant market reactions. We delve into the price movements of gold, which is currently around $2,600, and silver, which has dipped below $30. 

Dave provides insights into the eight-week consolidation triangle for gold and discusses the potential for further corrections. We explore the impact of geopolitical events, including Trump’s policies and international government collapses, on gold prices. The discussion also covers investor sentiment, trends in gold and silver equities, and portfolio strategies heading into the new year. Despite the volatility, Dave stresses that corrections are a normal part of a healthy market. We conclude with reflections on the year, projections for the coming months.

Click here to visit the Junior Miner Junky website to learn more about Dave’s investment letter.

Dana Lyons, Fund Manager and Editor of The Lyons Share Pro joins me to share his market outlook for early 2025. We delve into the effects of the recent Fed meeting on markets and volatility, Dana's internal models and their predictions, and insights from market breadth and internals. We also explore the potential risks for a longer-term bear market, the sectors that might provide refuge, and the impact of international markets. Dana shares how historical patterns and seasonality might influence the markets moving forward.

Dana is also offering a holiday special at the Lyons Share Pro. Click here to get 20% off right now. Now is a great time to subscribe if you want to effectively trade over this volatile period. 

Rick Mazur, President and CEO of Forum Energy Metals (TSX.V:FMC – OTCQB:FDCFF), joins me to review the news out to the market today which clarified and expanded upon recent Company news. We discuss the capital raise announced on December 16th, 2024, and the news which summarized the 2024 drill program, which has had 11 holes assays released thus far, and with 19 more drill holes from multiple targets that are still pending assays, on the Aberdeen Uranium Project in the Thelon Basin, Nunavut.

The Company is raising $1,250,000 which consists of a combination of shares and flow-through units. Common shares are being purchased by its strategic investor and insiders for general working capital purposes and for the procurement of longer lead, supplies and services for next year’s drill program.  The flow-through units are being purchased by its long-term investor and supporter the Pavillion Resource Fund.

With regards to previous news assays from its 2024 summer exploration program at its Aberdeen Project, which consisted of thirty diamond drill holes covering a total of 6,962 meters; to date, Forum has received 608 geochemical results from the 11 holes at the Tatiggaq Main and West zones.  The Tatiggaq Project is located 5 kilometers from Orano's Kiggavik deposit, and 7 of these 11 holes contained mineralization with grades on par with the style of basement-hosted uranium deposits in the Thelon Basin. There are 8 more holes to still release next at the Tatiggaq area, stepping out from the known mineralization.

In addition to those 8 holes still to release from Tatiggaq, there are 11 additional drill holes to report on that tested other highly prospective regional areas, like the Qavvik, Ned, Ayra, and Loki targets.  Rick outlines that Qavvik, like Tatiggaq already has a discovery on it, with many historic holes drilled by Cameco, so the holes put in there are expanding on the mineralization.  In contrast, the targets like Ned, Ayra, and Loki are new grassroots targets, with multiple data sets defining them as prospective to go after higher-grade unconformity-style mineralization.

We wrap up discussing the partner-funded winter drill campaign on the Northwest Athabasca Joint Venture in the Athabasca Basin, where Forum Energy Metals will be the operator and this will provide even more exploration newsflow during the winter months and into the spring.  Then after that the 2025 summer drill program will commence back at the Aberdeen Project, so there will be a steady amount of newsflow next year.

If you have any follow up questions for Rick or the team at Forum Energy Metals, then please email them into me at [email protected].

Click here to follow along with the most recent news from Forum Energy Metals

Roger Rosmus, Founder, CEO, & Director of Goliath Resources (TSX.V: GOT) (OTCQB: GOTRF), joins me to review the latest high-grade gold assay from the drill hole GD-24-249, which intercepted the Bonanza Zone returning 226.12 g/t or 7.3 oz/t AuEq near surface between 76.60 – 77.60 meters.  This section was within a larger interval consisting of 45.60 g/t AuEq or 1.5 oz/t AuEq over 5.95 meters near surface between 71.65 – 77.60 meters, as part of a high-grade area within the expanded high-grade gold Bonanza Zone at Surebet Discovery that remains wide open.

This was the next assay result returned from the lab from their 38,125 meter drill program that has now been completed at the Surebet Discovery, Jackpot Target, And Treasure Island target at the Golddigger Property, located in the Golden Triangle, British Columbia.  There are still 101 holes to report that also include: 60 holes (out of 64) drilled this year, 17 previous holes relogged with RIRG style mineralization in dykes testing reduced intrusion mineralization and 14 other separate holes relogged that were drilled between 2021 – 2023 at Surebet. Assays are pending for 12 holes drilled at Treasure Island this year as well. 59 drill holes from this year’s exploration program contained visible gold representing 92% of the holes in 2024, of which 19 (or 32%) had abundant visible gold (more than 4 recorded occurrences).

The new Bonanza High-Grade Gold Triangle, within the Surebet Discovery, delineates a zone of substantial gold and sulphide mineralization Bonanza Zone has been nearly doubled from 720 x 612 x 410 meters to 835 x 685 x 612 x 410 meters and remains wide open.   We also discuss how there are many other exploration areas and step outs that are of interest, making it far too early to start thinking of putting out a resource, and the mineralization is still growing in many different directions.

If you have any questions for Roger about Goliath Resources, then please email me at [email protected] and then we’ll get those answered or covered in a future interviews.

*In full disclosure, Shad is a shareholder of Goliath Resources at the time of this recording.

Click here to follow the latest news from Goliath Resources

Cale Moodie, President and CEO of Neptune Digital Assets (TSX.V:NDA - OTCQB:NPPTF - FWB:1NW) joins me to introduce this diversified crypto stock. 

Starting as a Bitcoin trust, the Company has expanded its portfolio to include various altcoins and has also embraced revenue generation methods such as staking and proof of work. Cale explains how the company manages its balance sheet by diversifying its investments beyond Bitcoin, capturing significant gains with other coins like Solana and consistently rebalancing the portfolio to stay ahead in the market. He also highlights Neptune's approach to selecting altcoins, focusing primarily on larger market cap and high-volume tokens, while cautiously engaging with newer cryptocurrencies. 

In addition to Neptune’s altcoin strategies, Cale sheds light on their operational aspects, such as their Bitcoin mining operations and ability to generate yield from staking. With a business model that maintains a low burn rate, Neptune utilizes its operating income to continually grow its Bitcoin treasury. 

Cale also gives his outlook on the current cycle of the cryptocurrency market, explaining how strategic timing and a combination of market factors could lead to a fruitful period ahead for crypto investors. Finally, he touches on Neptune’s unique position in the publicly traded crypto realm, offering investors a one-stop shop for diversified, expertly managed crypto exposure.

If you have any follow up questions for Cale please email me at [email protected]. 

Click here to visit the Neptune Digital Assets website.

Will Robinson, VP of Exploration at West Red Lake Gold Mines (TSX.V:WRLG – OTCQB:WRLGF), joins me to focus on the potential of further exploring the Fork Deposit for a potential mining scenario, as a high-grade underground satellite deposit adjacent to the Madsen Mine, in the Red Lake district of Ontario, Canada.

We start getting into the historic work completed at the Fork deposit, which currently contains over 70,000 ounces of gold in all categories: An Indicated mineral resource of 20,900 ounces (“oz”) grading 5.3 grams per tonne (“g/t”) gold (“Au”), with an additional Inferred resource of 49,500 oz grading 5.2 g/t Au.

Their exploration and engineering teams have recently completed a re-evaluation of the Fork deposit pointing to its shallow, high-grade, low-plunging zone of gold mineralization that is located approximately 250 meters southwest from existing underground development at Madsen.  Will outlines that they would like to do about another 2,000-3,000 meters of definition drilling from surface, since those would be shallow holes, to better define some of the high-grade areas of mineralization and look for extensions. 

FORK DRILLING HIGHLIGHTS (HISTORIC):

Will outlines that if that further drilling were to demonstrate that it was economically viable to drift over to the Fork Deposit from the existing underground infrastructure near McVeigh, then it could be brought into a mining scenario with about 2 months of underground development.  This makes Fork a compelling area of focus as could be brought into the mine plan earlier than some of the other exploration targets of focus.

 If you have any follow up questions for Will or the team over at West Red Lake Gold please email me at  [email protected].

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

Peter Van Alphen, President and CEO of Nuvau Minerals (TSX.V:NMC) joins me to introduce this Company that just started trading today on the TSX Venture. 

Nouveau Minerals is earning-in to be the 100% owner of the critical minerals project, the Metagami Project, located in the Abitibi region of central Quebec. This project has a history of 60 years of production and significant existing infrastructure, having been an old Glencore asset acquired through the Xtrada acquisition. 

We discuss the detailed plan for Nuvau Minerals to attain 100% ownership of the Metagami asset through staged payments and work programs, aiming for completion by March 2025. Peter highlights the strategic importance of the Metagami Lake mill, which is crucial for the company's operations and the lack of other processing facilities in the region. We also cover the exploration activities undertaken over the past two years and the defined resources, including new discoveries. Additionally, I have Peter provide an overview of the experienced team behind Nuvau Minerals, featuring industry veterans from FNX, Lakeshore Gold, and Premier Gold. We wrap up with a general outline of upcoming catalysts and news-flow, including exploration updates, operational restart plans, and finalizing agreements with Glencore.

Please email me with any follow up questions for Peter. My email address is [email protected].

Click here to visit the Nuvau Minerals website.