The KE Report

John Miniotis, President and CEO of AbraSilver Resource Corp (TSX: ABRA) (OTCQX: ABBRF), joins us to review the latest batch of drill assays announced December 10th, returning the broadest gold mineralization intercepted to date, from the ongoing Phase V exploration program.  These holes were testing for the potential of porphyry mineralization at dept at the Oculto East area of their wholly-owned Diablillos property in Salta Province, Argentina.  

John reviews the three latest drill holes from the ongoing Phase V exploration program and that hole # DDH 25-085 at Oculto East intersected a broad 274.0 metre ("m") interval grading 0.60 g/t gold, including a higher-grade 23.0m grading 2.83 g/t gold, together with copper and molybdenum mineralization at depth.

Drilling continues to extend oxide-hosted gold mineralization well beyond the current conceptual open pit, and this deeper drilling provides further support for a significant porphyry system underlying Oculto. The Phase V drill program remains on track for completion before year-end. To date, 60 holes have been drilled as part of the program and the final six holes will be completed before year-end. John reminds listeners that a deep drill hole was recently completed at the Cerro Viejo porphyry target, located approximately 4 kilometres northeast of Oculto, and assay results are expected shortly.

The Company plans to commence a Phase VI drill program totaling approximately 15,000 metres in January 2026, focusing on Mineral Resource expansion, select deeper porphyry-related targets, and continued step-outs across the Oculto-JAC mineralized cluster. Further details will be provided early in the New Year.

An updated Mineral Resource estimate, incorporating all Phase V drilling, remains scheduled for H1/2026. This estimate will be used for an updated Mineral Reserve and mine plan that will underpin the ongoing Definitive Feasibility Study (DFS) that will be completed in the same time frame. These workstreams are all happening in tandem with work towards permits which are expected to be received around that same time next year.  Execution on these key catalysts will be the trigger for a construction decision next year.

Wrapping up John reiterates why the limited RIGI laws are so economically advantageous to the Company, relaxing currency controls, reducing export duties to 0% over a couple years, and reducing taxation over a 30 year period.    We also review the positive business and permitting tailwinds in place in Argentina as a jurisdiction for mining.

If you have any follow up questions for John regarding at AbraSilver, then please email them into us at [email protected]  at  [email protected] .

Click here to visit the AbraSilver website and read over the most recent news releases.

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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 company update, we chat with Alicia Milne, President and CEO of Q2 Metals (TSXV: QTWO | OTCQB: QUEXF | FSE: 458), to discuss the exceptional 457m of 1.65% Li₂O drill result from Hole 44 at the Cisco Lithium Project in James Bay - highlighted by many analysts as one of the strongest lithium pegmatite holes ever drilled.

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. 

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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.

Sean Brodrick, Editor of Wealth Megatrends, Supercycle Investor, Resource Trader, and contributing analyst to Weiss Ratings Daily, joins us to outline strategies for portfolio management in lieu of the underlying trends in gold, silver, copper, oil, nat gas, rare earths, antimony, tech stocks, AI stocks, and robotics stocks. He also highlights some of the trades in individual resource stocks in his portfolio.

We start off noting the strong V-shaped recovery in gold and silver and the precious metals equities since our last conversation in late October.  After the sector corrected down sharply from mid-October into early November, it then rallied strongly back up through present in mid-December.  

Sean makes the case for both gold and silver running much higher in the year to come.

From there we broaden out the discussion to the whole commodity complex, which Sean believes will stay in momentum overall.

Shifting over into some of the niche’ elements of the critical minerals sector, we discuss the outsized move higher in rare earths, antimony, and tungsten stocks in the summer into the early fall, but then the harsh correction back lower again, with many equities down 50-70% off their recent highs.

Wrapping up we looked back at 2025 more big picture, and summarized a great year overall for investors, but marked with extreme moves of volatility in both directions.

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

Click here to learn more about Resource Trader

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

The KE Report: https://kereport.substack.com/

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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.

David Gower, CEO and Chairman of Emerita Resources (TSX.V: EMO) (OTCQB: EMOTF), joins us to review the news out to the market on December 5th with regards to what the criminal court decision in Spain with regards to Aznalcóllar, how the actual decision on tender being awarded on the Project still comes down to the administrative court. We then dive into the value proposition on their flagship IBW project, the recent acquisition of the expanded San Antonio Project, and the earlier-stage but large and prospective Nuevo Tintillo exploration project.

David summarizes the decision from the Third Section of the Provincial Court of Seville, which has completed the hearings for the criminal trial on the alleged crimes committed during the process of awarding the tender. The hearings commenced on March 3, 2025 and were completed on July 15, 2025.  He goes on to point out that while it would have expedited the process to have a criminal conviction, it is not necessary to still be awarded the Aznalcóllar tender, and that many people have prematurely assumed a definitive outcome.

Then we shifted over to the value proposition of their flagship Iberian Belt West (IBW) Project, which hosts three Volcanogenic Massive Sulphide (VMS) deposits, that comprise a NI 43-101 compliant mineral resource estimate from the La Romanera, La Infanta and El Cura deposits.  David points to the update to the resource estimate that will be coming out in Q1 of 2026, which will then be used to release updated project economics at IBW. Rising metals prices as well as increased metals recovery rates from a series of metallurgical tests will result in expanded metrics in both studies.

Next we reviewed the 2 new properties acquired a few months ago, cumulatively referred to as the San Antonio Project, which substantially increased Emerita’s wholly owned Iberian Pyrite Belt holdings; taking the Company’s total mineral property holdings in the IBW area to 8,144 hectares.

Wrapping up David highlights the prospectivity of the large earlier-stage Neuvo Tintillo Project, strategically located in between prior producing and development-stage projects in the mineralized belt.   There will be a drill program commencing here in H2 of 2026.  

If you have any follow up questions for David regarding Emerita Resources, then email those in to us at either [email protected] or [email protected].

Click here to follow the latest news from Emerita Resources

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

The KE Report: https://kereport.substack.com/

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

Investment disclaimer:

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

I speak with Mike Konnert, President & CEO of Vizsla Silver (NYSE/TSX: VZLA) about the company’s upsized US$300M convertible note financing and how it strengthens Vizsla’s ability to accelerate development of the high-grade Panuco Project, in Mexico. Mike also highlights the newly filed feasibility study, underground progress, and Vizsla’s long-term goal of becoming a 50 Moz AgEq/year producer.

Key Discussion Points

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

Click here to visit the Vizsla website to learn more about the Company.

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Ewan Webster, President and CEO of Thesis Gold Inc. (TSXV: TAU) (WKN: A3EP87) (OTCQX: THSGF), joins us for a comprehensive overview of the Pre-Feasibility Study (PFS) announced on December 1st, at the combined Lawyers-Ranch Project, in the Toodoggone Mining District of British Columbia.

This Lawyers-Ranch project hosts a resource of 4.7 million gold equivalent ounces, with a substantial silver contribution, but the PFS economics are based solely on the Proven & Probable Reserves of 3.2 Moz AuEq.

PFS highlights are summarized below:

If you have any questions for Ewan regarding Thesis Gold, then please email them into us at [email protected] or [email protected].

Click here to follow the latest news from Thesis Gold

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

The KE Report: https://kereport.substack.com/

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

Investment disclaimer:

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

In this KE Report update, we speak with Rick Van Nieuwenhuyse, President & CEO of Contango ORE (NYSE American: CTGO), and Shawn Khunkhun, President & CEO of Dolly Varden Silver (NYSE American: DVS, TSX-V: DV), to outline the strategic merger creating a new high-grade gold–silver producer.

Also please share your thoughts on the merger in the comments or email Shad and I at [email protected] and [email protected]. 

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Today we welcome Dave Erfle, founder and editor of Junior Miner Junky, to break down a big week in the resource sector. Two major M&A deals hit the tape while silver powered above $60/oz, adding fuel to an already strong precious-metals bull market.

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

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Investment disclaimer:

In this KE Report update, I speak with Simon Dyakowski, President & CEO of Aztec Minerals (TSX.V:AZT | OTCQB:AZZTF) about the company’s decision to expand the Tombstone drill program to 8,500 meters, progress to date, and what investors can expect next.

Key Discussion Points:

Please email me any questions you have for Simon. My email address is [email protected]. 

Click here to visit the Aztec Minerals website.

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Justin Reid, President and CEO of Troilus Mining Corp. (TSX: TLG) (OTCQX: CHXMF) (FSE: CM5R), joins me for a comprehensive update on their recent name change from Troilus Gold due to them having a project of scale with a substantial copper component, at the Gold-Copper Troilus Project located in northcentral Quebec, Canada. 

The potential for large future copper production, in concert with the gold and silver, has been integral in building out the capital stack with ECAs and MCAs, getting offtake agreements in place, and in bringing in key investors into the most recent capital raise.  In addition, we discuss the advancement of basic and detailed engineering studies, get an update on the permitting progress, review peer comparisons on valuations, and discuss the exploration success at the Southwest Zone and the upcoming regional drill program,

We start off noting that at present there are already 13 million gold equivalent ounces in all categories in place at the deposit; but that the 22 year projected mine life and robust economics are only factored on roughly half of these resources at present.

On November 19, 2025,Troilus Mining announced that it has increased its previously announced debt financing mandate from US$700 million to up to US$1 billion. The upsizing of the mandate reflects the strength of current commodity markets and the material uplift in project economics relative to the conservative assumptions used in the Feasibility Study. It also underscores the continued confidence of the Company’s lending partners and Troilus’ growing strategic importance as one of North America’s next major copper-gold mines.

On November 14, 2025, Troilus Mining announced that it has closed its previously announced bought deal public offering, including exercise of the over allotment option issuing 133,722,000 common shares of the Company at a price of $1.29 per Common Share for aggregate gross proceeds of $172,501,380. The net proceeds from the sale of the Offered Shares will be used by the Company to fund ongoing pre-development activities, debt repayment, and for working capital and general corporate purposes.

Basic engineering of the Project led by engineering partner BBA Inc has now mostly been completed, and is moving on to detailed engineering.  Following the completion of trade-off studies and process flowsheet definition earlier this year, the focus shifted to cost estimation, procurement, and execution planning. Major deliverables - including capital cost estimates, vendor evaluations, and project execution plans - are now well advanced, supporting a targeted construction decision in 2026. Key trade-off studies were conducted, resulting in design improvements to support scalability, operational robustness, and energy efficiency, with minimal impact to capex.

Construction Readiness and Commissioning Preparation

Switching over to the permitting progress, on June 25th the Company announced that it had officially filed the Environmental and Social Impact Assessment (“ESIA”) with both the Government of Québec and the Government of Canada. The submission of the ESIA marks a major milestone in the development of the Troilus Project, representing the culmination of over five years of comprehensive baseline studies, robust technical evaluations, and meaningful engagement with Indigenous and local communities. Permitting should time out with remaining economic studies and engineering for a construction decision in 2026.

Wrapping up we discussed all the infill and expansion drilling at the Southwest Zone this year that will continue into next year, which has continued to hit increased grades over broad intercepts.  Raising the grade profile of this key area positively impacts the first 5 years of mining in the development scenario.  Justin also highlights regional drilling opportunities that the exploration team will pursue in 2026.

If you have any questions for Justin regarding Troilus Gold, then please email them over to me at [email protected].

Click here to follow along with the latest news from Troilus Gold

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

The KE Report: https://kereport.substack.com/

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

Investment disclaimer:

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