Chris Donaldson, President and CEO of Valkea Resources joins me to recap the October 22nd news release, reporting Rupert Resources advanced to Stage 2 of its earn-in JV agreement in Finland and provide an update on the exploration on the Company’s flagship Paana Project. 

Topics include the JV with Rupert Resources, where Rupert has progressed to stage two, to now spend 2.2 million Euros on exploration at the Sikavaara Project, in Finland. I ask about the work completed to date and when drilling will start. 

Chris also shares insights about the Company’s flagship Paana Project, in Finland, detailing a recent site visit, and upcoming drill program.

Any follow up questions for Chris can be emailed to me directly at [email protected]. 

Click here to visit the Valkea Resources website to learn more about the Company.

David Stein, President and CEO of Kuya Silver (CSE:KUYA - OTCQB: KUYAF - FRA:6MR1) joins me to discuss the October 22nd, yesterday’s, news reporting the sale of the first concentrate sale from the Bethania Project in Peru. 

We discuss the Company’s initial production phases, plans to ramp up to 350 tons per day by mid-2025, and the gradual increase in production and profitability. David explains the details of their toll milling agreement and emphasizes that initial revenues will be minimal as they reinvest into the mine. We also cover future reinvestment strategies, exploration timelines, and the possibility of building their own mill. 

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

Click here to visit the Kuya Silver website.

Dave Erfle, Editor of the Junior Miner Junky joins me to examine the momentum and future prospects of the silver sector, the impact on precious metals stocks, and possible investments. Key topics include the strong performance of silver stocks and gold and silver mining ETFs, strategic acquisitions in the industry, and the potential in lagging stocks. Dave highlights a couple of his favorite silver companies like Dolly Varden Silver and AbraSilver, and outlines the key catalysts, including drilling results and updated economic studies, driving market momentum.

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

Mike Burke, Director and VP of Corporate Development at Sitka Gold (TSX.V:SIG - OTCQB:SITKF - FRE:1RF) joins me to recap the October 22nd news release reporting the best hole ever drilled on the RC Gold Project in the Yukon. 

DDRCCC-24-068 (“Hole 68”) intersected 678.1 meters of 1.04 g/t gold from surface, including 409.5 meters of 1.36 g/t gold, 93.0 meters of 2.57 g/t gold and 5.5 meters of 17.59 g/t gold; significantly expands Blackjack gold mineralization approximately 200 meters below previous drilling with grades increasing with depth. 

I have Mike explain the location of the drill hole, the significance of the higher grade gold in the bottom of the hole, its potential impact on the current resource, and the follow up drilling that will happen next year.  

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

Click here visit the Sitka Gold website to learn more about the Company.

Charles Funk, President and CEO of Heliostar Metals (TSX.V:HSTR - OTCQX:HSTXF - FRA: RGG1) joins me to take a step back and recap the Company’s transition to become a gold producer this year in Mexico. I have Charles explain how he tapped into the equity and debt markets to take advantage of an opportunity to acquire gold assets (some currently producing) from Argonaut Gold, as well as continue to advance the Ana Paula Project.

We then discuss all the catalysts and news coming from the Company into Q1 of next year. Take a look at the table below, provided by Tim Sorensen from TSCG Capital. It’s a great overview of what’s on tap and the potential impacts for shareholders. 

Please email me at [email protected] with any follow up questions for Charles. 

Click here to visit the Heliostar Metals website to learn more about the Company.

#

Catalyst

Potential

Impact

Timing

1

Ana Paula Drilling Results

grow HG resource by 50%+

could increase production by 20%+ pa  and/or LOM

Oct start (every 3-4 weeks)

2

Closing Acquisition

dramatically increases HSTR asset base

transition HSTR from explorer/developer to cash flowing growing producer

Oct/Nov

3

2024 Production Guidance

15-20k oz net to HSTR

demonstrates cash flow generation

Nov

4

La Colorado Drilling

prove junkyard grade and tonnage and show waste to ore conversion at Creston

Junkyard should produce ~20k in 2025, Creston capex could reduce $10-20M and LOM expand from 6 to up to 10 years

Nov start (every 3-4 weeks)

5

San Agustin heap rehandling

add recovery of ounces on SA heap pads

could add 20-25k oz of production pa for 4 years = ~US$100M CFO 

Jan

6

Updated Creston Cutback study

demonstrate economics of original cutback plan (prior to new drilling)

should show La Colorado will produce 50k oz pa for 6 years starting in 2026 and support HSTRs base case prod'n 

Jan

7

Expansion Permits

add near term production at San Agustin and La Colorado's Veta Madre pit

would add 80k oz of production over 2025-26 time frame = US$80-100M CFO

Q1

8

2025 Guidance

to add to 40k oz base case

60-100K oz = US$60-100M CFO vs. $40M

Jan

9

San Antonio Updated Techinical Report

demonstrate a much higher NPV for San Antonio than US$175M in original study

NPV for San Antonio could double or more as last study used $1300 Au. At 10% NPV could be worth US$35M+

Jan

10

Cerro Del Gallo Updated Technical Report

add 2.8M oz Au and 80M oz Ag to HSTRs M&I and show a significant increase in historic US$175M NPV

At C$20/oz AuEq CDG would add $70M to HSTR valuaton, not a stretch for an asset that is at the permiting stage and could have an NPV > US$300M 

Craig Hemke, Editor of TF Metals Report joins me to discuss the current rally in the precious metals markets, focusing on silver's breakout above $34 and the bullish momentum in gold. We analyze technical patterns, discuss the performance and investment opportunities in mining stocks, including significant gains and key consolidation phases. We also discuss the rotation of money into some of the smaller metals stocks, many of which have been moving higher without any significant news. 

Click here to visit Craig’s website - TF Metals Report

TG Watkins, Director of Stocks at Simpler Trading and Editor of the Profit Pilot website joins me to share his trading strategies and chart outlook for a wide range of commodity and resource stock ETFs. 

The following sectors and charts are discussed;

• Gold - GDX, GDXU, and GDXJ

Click here to visit TG’s site - Profit Pilot

I recently teamed up with Mines and Money to host a roundtable discussion on the investment landscape for critical mineral and the underlying equities. This was tied into the upcoming Resourcing Tomorrow conference in London on December 3-5th. I was joined by the following guests.

• Amanda van Dyke, Managing Director, Sustainable Resources Strategy, ARCH Emerging Markets Partners Limited

Click here to learn more about the Resourcing Tomorrow conference on December 3-5th in London. Use code 9HZHZY for a 10% discount!

Welcome to another KE Report Weekend Show! On the show this week we are taking a step back from the day to day and weekly movements in markets to get two somewhat differing opinions on the overall health of the US markets and US economy.

We hope you all enjoy this weekend's show! Please be sure to subscribe to the podcast in your podcast player by searching The KE Report. If you listen on Spotify click this link: https://rebrand.ly/Spotify_subscribe

• Segment 1 & 2 - Jesse Felder, Editor of The Felder Report - Key topics include central bank policies, inflation, interest rates, and potential stagflation.

Click here to learn more about The Felder Report.

Click here to follow Peter at The Boock Report. 

Fred Bell, CEO of Elemental Altus Royalties (TSX.V:ELE) (OTCQX:ELEMF), joins me to review the recent acquisition of an additional 50% ownership of 24 existing royalties from AlphaStream Limited for a consideration of US$28 million in equity.

The Portfolio includes Elemental Altus' existing producing gold royalties on the Bonikro Gold Project, the Ballarat Mine, South Kalgoorlie Operations ("SKO") and 21 additional royalties located in Australia. Upon completion of the Acquisition, Elemental Altus, through a 100% interest in the Portfolio, will hold an effective 4.5% NSR royalty on Bonikro, a 2.5% NSR royalty on Ballarat, and a A$10/oz royalty and A$1 million Discovery Bonus on SKO.

Fred outlines what this will do for growing revenues and immediate cash flow, with approximately US$6 million additional revenue forecast in 2025 by consolidating the Portfolio.  This acquisition should yield an expected pro forma 2025 revenue increase of ~25% to US$31 million, driving a material step up in free cash flow with no increase in management costs. This Portfolio also provides immediate exposure and leverage to gold prices that are significantly above consensus forecasts.

With regards to the other 21 non-producing royalties, we discussed he exploration optionality in partnering with solid operators in Australia including Northern Star Resources Limited, Evolution Mining Limited, Hancock Prospecting Pty Ltd, Mineral Resources Limited and Zijin Mining Group Company Limited.  In particular, the Elemental Altus team is animated by the growth potential at the Hampton-Boulder-Jubilee and Hercules deposits at Northern Star's SKO in Western Australia, which they will be working to further expand and develop.

As part of the transaction, AlphaStream joins the share register as another cornerstone shareholder moving forward with the right to nominate a director to the Board, provided that AlphaStream's shareholding remains over 15% of Elemental Altus' outstanding common shares. AlphaStream will maintain pre-emptive and top-up rights in favor of its ability to maintain a shareholding of over 15% of Elemental Altus' outstanding common shares.

Wrapping up we discuss that while this acquisition transaction was done with equity, that the company has a solid cash position, incoming revenues, and a credit facility to go after future accretive transactions.

If you have any follow up questions for Fred regarding Elemental Altus Royalties, then please email me at [email protected].

• In full disclosure, Shad is a shareholder of Elemental Altus Royalties at the time of this recording.

Click here to view recent news on the Elemental Altus Royalties website