The KE Report

I’m joined by Anthony Margarit, President & CEO of K2 Gold (TSX.V:KTO - OTCQB: KTGDF - FSE:23K), for a detailed update on the company’s flagship Mojave Project in California. With the permitting process nearing its final stage, Anthony outlines the next steps and what shareholders can expect.

Key Discussion Points:

The Mojave Project has been years in the making, and with permitting near completion, K2 is positioned to launch its largest drill program yet.

If you have any follow up questions for Anthony please comment below or email me at [email protected]. 

Click here to visit the K2 Gold website.

HelioStar Metals (TSX.V:HSTR - OTCQX:HSTXF - FRA: RGG1) is accelerating exploration at the Ana Paula Project with the launch of a 15,000-meter drill program focused on converting high-grade inferred ounces into the measured & indicated category. This work is a key step toward a feasibility study and potential mine development.

In this interview, Charles Funk, President and CEO outlines:

With multiple projects advancing in parallel and consistent news flow expected, HelioStar is positioning itself for significant growth in both resources and production.

Send follow-up questions to [email protected]. 

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

FireFox Gold (TSX.V: FFOX - OTCQB: FFOXF) has just launched its largest drill campaign ever at the Mustajärvi Project in Finland’s Lapland Greenstone Belt, supported by a recent $7M financing and share consolidation.

Patrick Highsmith, President and CEO of FireFox joins me to discuss:

With the strongest treasury in its history, FireFox Gold is advancing its Finnish gold portfolio through 2025 into 2026.

Figure 1. Mustajärvi Gold Project mineralized zones and untested target areas.

Any further questions for Patrick? Email me at [email protected].

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

https://www.firefoxgold.com/

In today’s KE Report Daily Editorial (Friday, August 29), we welcome back Joel Elconin, co-host of the PreMarket Prep Show and founder of the Stock Trader Network.

Joel breaks down the current market environment, where:

Joel also shares his candid take on risk management in this environment - why cash is “trash,” how to think about hedging, and why sometimes investors simply need to “trade for the moment.”

Click here to visit Joel’s PreMarket Prep website.

Click here to visit the Stock Trader Network.

Keith Bodnarchuk, President and CEO, and Andy Carmichael, VP of Exploration of Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) (FSE: SSKU), both join me to review the news released today on August 25th  highlighting that the summer exploration drilling has successfully identified two kilometres of highly prospective strike length characterized by strong sandstone alteration and graphitic faulting at the Cyclone Trend on the Murphy Lake North Project (“MLN”).   MLN is a joint venture between Cosa and Denison Mines Corp. $DML $DNN.US and is located in the eastern Athabasca Basin, Saskatchewan. Cosa is the project operator and holds a 70% interest with Denison holding a 30% interest.

Summer Drilling Highlights:

Keith outlines why these results of the Murphy Lake North summer drill program, specifically those at the Cyclone trend, are the most significant to date for Cosa, and further support their thesis and the follow up drill program slated to begin in early 2026.

Andy visually walks us through where the 3,323 metres in eight holes were completed, with one hole being put into the Hurricane trend to follow up winter 2025 drilling results, and then the balance of 7 holes being drilled as the initial reconnaissance of the Cyclone trend.  These results identified over two kilometres of highly prospective strike length and potentially identified an additional unexplored parallel trend to the south. The intensity and continuity of sandstone alteration and structure, both vertically and along strike, is an encouraging indicator of the trend’s prospectivity. Basement structures intersected two kilometres apart are textbook examples of major graphitic faults critical to the formation of eastern Athabasca uranium deposits. With an average depth to the unconformity of roughly 250 metres, the Cyclone trend is incredibly well situated for the discovery of relatively shallow mineralization.   Andy showcased photos of the drill core, and that they’ll be awaiting the geochemical results, to then vector into to the future follow up drill targets.

Wrapping up we looked ahead to the follow up program for early 2026, where Cosa and Denison elected to leave much of the drill equipment on site to minimize the time and cost to resume early next year.  Additionally, Keith mentioned that Darby project, another key property in the Cosa/Denison JV agreement will be getting its first drilling at high-priority targets in 2026.

If you have any questions for Keith or Andy regarding Cosa Resources, then please email them in to me at [email protected].

Click here to follow the most recent news from Cosa Resources

Elaine Ellingham, President and CEO of Omai Gold Mines (TSX.V: OMG) (OTCQB: OMGGF), joins me to unpack the key metrics and takeaways from the updated Resource Estimate of 6.5 million ounce of gold in all categories at the combined Wenot and Gilt Creek Projects at the Company’s 100%-owned Omai Gold Project in Guyana, South America.

HIGHLIGHTS:

The Omai Property hosts two orogenic gold deposits: the shear-hosted Wenot Deposit and the adjacent intrusive-hosted Gilt Creek Deposit (Figure 1), with a combined updated MRE (over the February 2024 MRE) of:

Wenot Deposit (a constrained pit and underground approach is applied)

Gilt Creek Deposit (an underground mining approach is applied)

These updated resources will be incorporated into the upcoming Preliminary Economic Assessment (PEA), building upon the prior PEA that was released in 2024, but that was only on 45% of the mineral inventory.  That prior study was only on the open pit Wenot Project, and did not yet incorporate the Gilt Creek underground project economics.  The new PEA slated for year-end or possibly early 2026 will factor in the combined economics of the open-pit at Wenot, and the underground at Gilt Creek.

Elaine highlights that the company is still going to be active in exploration with multiple drill rigs turning for the balance of this year and into next year. They will continue to explore the area at East Wenot, and a number of other nearby targets looking for shallow higher-grade mineralization that could potentially feed into the front-end of the mine development plan. Also, as part of their ongoing 15,000 meter drill program, we reviewed the progress on the very long hole that is currently being drilled through the underground deposit at Gilt Creek over to the area where the geological thesis is that there could also be deep resources well below the known mineralization at Wenot.  We discuss how this is the fun discovery part of exploration, with good scientific models behind it, and that if they do hit that far down at Wenot, it could be a real game changer adding on large potential underground opportunities below Wenot and even further mine life extension.

If you have any questions for Elaine regarding Omai Gold Mines, then please email me at [email protected].

Click here to see the latest news from Omai Gold Mines.

In this KE Report company update, we welcome back Craig Nicol, Founder & CEO of Graphene Manufacturing Group, to answer a wide range of investor questions. Over the past month, GMG has seen strong shareholder interest around its multiple business divisions and the broader graphene market.

Discussion highlights include:

Keep sending in your questions for Craig Nicol - I’ll continue bringing your topics directly to management in upcoming interviews. Email me at [email protected].

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

In this KE Report Daily Editorial, we welcome back Brien Lundin, Editor of the Gold Newsletter and host of the upcoming New Orleans Investment Conference (Nov 2–5).

We dive into the current precious metals environment, where gold and silver are holding near the upper end of their ranges and investor interest is rising as the Fed edges toward its next rate-cutting cycle.

Discussion highlights:

Click here to learn more about the New Orleans Investment Conference on November 2-5.

Valkea Resources (TSX-V: OZ | OTCQB: OZBKF | FSE: S600) has launched its fall drill program at the Paana Project in Finland. President & CEO Chris Donaldson joins the KE Report to outline the strategy, starting with step-outs at the Koivu Zone, new target generation, and the company’s broader exploration plans in this Tier-1 district.

Key points: 

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.

Nick Hodge, Co-Owner of Digest Publishing and editor of Foundational Profits and Hodge Family Office, joins me for a longer-format discussion on and the macroeconomic themes and fundamental drivers that that are continuing to push the purchasing power of the US dollar down and most other asset classes higher.  Nick shares how he has been successfully “buying the dip” in gold, silver, copper, rare earths, uranium, and lithium stocks.

We start off reviewing how the US fiscal policy and the Fed’s upcoming monetary policy is leading to a weaker US dollar, which has been a key tailwind to US equities, cryptos, and the commodities sectors. Nick points out that the “Fed is not your friend,” and that the coming rate cuts will be further debasing the dollar’s purchasing power, which is going to send real assets higher in response.

We review the impacts of the back-to-back Biden and Trump administration large fiscal policy bills, that increased the national debt burden, which has been a boon to the precious metals sector, as a hedge against fiscal malfeasance and as a way to protect purchasing power. 

Many of the government fiscal bills passed the last few years have had provisions in them for accelerating the development of nuclear power infrastructure and uranium mining, and they have provisions included to fund boosting domestic supplies and refinement of critical minerals like rare earths, antimony, tungsten, copper,  lithium, and many other strategic critical minerals. We discuss how all this attention at the federal level in the US and in many nations abroad is bringing in new investors to resource investing.

With regards to the precious metals, Nick has continued building up positions in quality explorers through private placements, as well as buying larger companies with exposure to rising gold and silver prices on pullbacks.  He noted the example of picking up a position in Royal Gold, Inc. (NASDAQ: RGLD), during the corrective move that played out after their announcement of the acquisition of Sandstorm Gold.

Next we got into the longer-term structural supply demand fundamentals underlying the copper market, and that it has been in an upward trajectory for the last handful of years.  When the recent volatility from the initial reaction to the copper tariffs to the reversal back down once there was more clarity around what precisely would get tariffs, Nick took the opportunity to exit his domestic copper producer position in Freeport-McMoRan Inc. (NYSE: FCX). He chose instead to then position back outside of the US via buying the dip in Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF), after it pulled down on some short-duration challenges.  He also flagged his recent private placement into the earlier-stage prospect generator, Kincora Copper Limited (TSXV: KCC) (ASX: KCC), with exploration properties looking for copper and gold porphyries in Australia. 

The conversation then turns to growing generalist interest in the rare earths sector in particular, especially after the recent Department of Defense investment into MP Materials Corp. (NYSE: MP) as a key stakeholder, but also providing them a floor on their Neodymium products, and agreeing to be a buyer future magnet production.   Then, shortly thereafter, Apple Inc. (NASDAQ: AAPL) made a $500M investment into MP Materials to accelerate and help fund the future development of a permanent magnet recycling plant in Texas.   Nick points to CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF), as another company poised to start recycling permanent magnets, also in Texas. Additionally, he highlights the heavy rare earth production capacity increasing from Energy Fuels Inc. (TSX: EFR) (NYSE American: UUUU). We reviewed the news out this week of the MOU between Energy Fuels and Vulcan Elements, focused on ex-China high-purity "light" and "heavy" rare earth oxides for production of rare earth permanent magnets in the United States, using high-purity NdPr and Dy oxides refined in Utah.

This transitioned the discussion to the volatile year, to the upside and downside, in the nuclear and uranium stocks, and Nick pointed out the good opportunities to buy the dip in the sector throughout this year on pullbacks. In addition to the positive response from the multiple executive orders and fiscal bills passed surrounding nuclear power and the nuclear fuel cycle, Nick highlights that companies like Uranium Energy Corp (NYSE American: UEC) and Anfield Energy Inc. (TSX.V: AEC) (OTCQB: ANLDF) were both approved for federal fast-track permitting.   Nick also highlights his recent participation in the private placement financing for North Shore Uranium Ltd. (TSXV:NSU), and how he’s done well with this management team in the past on other companies, why he finds the current project fundamentals compelling.

Wrapping up we got into how even the lithium space has presented a “buy the dip” moment recently, and that both the underlying metals price and the related equities have bounced and started a trajectory higher. Nick revisits the case for a company he’s done quite well in during the prior cycle, Patriot Battery Metals Inc. (TSX: PMET) (ASX: PMT) (OTCQX: PMETF), as well as the value proposition for a new private placement he just participated in with Lion Rock Resources Inc. (TSXV: ROAR) (OTCQB: LRRIF).

Click here to follow Nick’s analysis and publications over at Digest Publishing