The KE Report

Alicia Milne, President and CEO of Q2 Metals Corp. (TSXV: QTWO | OTCQB: QUEXF | FSE: 458), joins us to discuss the company’s evolution from an early-stage exploration outfit to advancing its flagship Cisco Lithium Project in the Eeyou Istchee James Bay region of Quebec. Strategic Leadership Expansion: Alicia discusses the rationale behind key executive appointments, including a new VP of Technical Services and VP of Environment & Regulatory Affairs, and how this strengthens in-house engineering and de-risking capabilities. Aggressive Drilling Milestones: An update on crossing the 50,000-meter total drilling milestone at Cisco, operating four active rigs, and executing the current 20,000-meter campaign. Resource Upgrades and PEA Timeline: The planned strategy for converting Inferred mineral resources into the Indicated category to pave the way for an updated MRE, a Preliminary Economic Assessment (PEA), and subsequent feasibility work. Treasury Strength and Flow-Through Catalyst: Insight into the company’s robust ~$70M cash balance, upcoming assay flow, and drilling plans extending through the fall and winter seasons. If you have any follow up questions for Alicia or would like more information on any aspect of the Company please email us at Fleck@kereport.com .and Shad@kereport.com . Click here to visit the Q2 Metals website - https://www.q2metals.com/ --------------------------- 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 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, we are joined by Joel Elconin, Co-Host of the PreMarket Prep Show and Founder of the Stock Trader Network, to break down major macro shifts and technical setups shaping the broader markets. Treasury Market Intervention: Why the Treasury's aggressive long-term bond buybacks may be signaling rising stress rather than solving structural fiscal pressures. The Death of 60/40 & Modern Yield Realities: How massive corporate debt issuance and high equity returns are altering traditional asset allocation. Biotech Mania & Algo-Driven Volatility: A breakdown of the explosive price action in Moderna and how algorithmic trading amplifies single-day swings. Healthcare Sector Resilience: What the sustained relative strength in healthcare ETFs signals about underlying defensive sector rotation. Gold & Silver Miners at Resistance: Technical levels to watch on the junior gold mining ETF as it tests critical moving averages and gap-fill zones. Stocks & Tickers Mentioned: Moderna (MRNA), NVIDIA (NVDA), Microsoft (MSFT), Health Care Select Sector SPDR Fund (XLV), VanEck Junior Gold Miners ETF (GDXJ), Tesla (TSLA). 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/ ------------- 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 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, we welcome back Brien Lundin, Editor of Gold Newsletter and host of the New Orleans Investment Conference, to dissect the latest macroeconomic catalysts driving the precious metals complex. Brien breaks down why recent Treasury actions reveal underlying market friction and how a shifting fiscal landscape is reigniting long-term momentum for gold, silver, and mining equities: Treasury Bond Buyback Dynamics: Why the Treasury's move to double its long-dated bond purchases signaled yield control to the market and sparked an immediate rally across precious metals. The Reality Behind Hawkish Rhetoric: How runaway deficits, mounting debt service costs, and basic fiscal math ultimately limit the Federal Reserve's ability to maintain high interest rates. The Debasement Trade Returns: Why mainstream attention is rotating back to currency debasement and what this means for broader generalist capital flows into the resource sector. Mining Equity Leverage & Seasonality: Insights into the strong summer rebound across precious metals equities, the leadership shown by major producers, and the setup for downstream junior outperformance. High-Conviction Exploration Plays: A look at active summer drilling programs and recent updates from emerging exploration companies. Click here to learn more about the Gold Newsletter. - https://goldnewsletter.com/ Click here to learn more about the New Orleans Investment Conference on October 28-31. - https://neworleansconference.com/korelin/ ------------------ 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 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 Meredith Eades, President and CEO of EraNova Metals Inc. (TSXV: NOVA | OTCQB: STXPF), to review the key results and strategic implications of the recently released Preliminary Economic Assessment (PEA) for the Adanac Molybdenum Project in British Columbia. Meredith shares insights on the project economics, the multi-phased roadmap to advance the asset, and the company's plan to close the market valuation gap: Robust Project Economics and Commodity Leverage: A breakdown of the key PEA metrics, including an after-tax NPV of C$714 million and a 23.5% IRR at base case prices, and how the project expands near C$1.3 billion at current spot levels. Addressing the Valuation Gap and Funding Strategy: How management plans to tackle the initial capital expenditure through staged development, non-dilutive critical mineral grants, strategic partnerships, and offtake agreements. De-Risked Foundation via Historic Work: Why having 93% of the resource already classified as Measured and Indicated, combined with past engineering and permitting data, accelerates the timeline directly toward a Feasibility Study. Broader Exploration Upside and Near-Term News: An overview of upcoming catalysts, potential streaming or DSO opportunities at the Atlin Discovery precious metals targets, and early feedback from industry participants. Click here to visit the EraNova website to learn more about the Company - https://www.eranovametals.com/ ------------------------ 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 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, we sit down with Brock Colterjohn, President and CEO of Onyx Gold Corp. (TSX-V: ONYX | OTCQX: ONXGF), to review the latest drill results and ongoing exploration across the company’s flagship Monroe-Croesus Project, located just east of Timmins, Ontario. Brock outlines how ongoing drilling continues to expand mineralization and connect multiple target zones into a cohesive, district-scale discovery. Progress on the 110,000-Meter Drill Program: A look at completed meterage, the volume of pending assays, and the operational cadence driving systematic expansion across the property. Evolution of the Argus Gold System: How recent drilling and drone magnetic surveys are tying together Argus North, Main, and West along the prolific 8-kilometer Pipestone corridor. High-Grade Spots within Bulk Mineralization: The strategic implications of intersecting near-surface high-grade structures within broad mineralized envelopes for future mining optionality. Testing Regional Targets Across Consolidated Ground: The exploration potential surrounding the historic, high-grade Croesus Mine and newly identified structural targets across the 112 km² land package. Resource Timeline and Treasury Strength: Onyx Gold’s strategic road map toward a potential maiden resource estimate, recent 100% claim ownership consolidations, and the current cash runway. Click here to visit the Onyx Gold website - https://onyxgold.com/ Please email me with any follow up questions for Brock. My email address is Fleck@kereport.com . ------------------------- 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 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 am joined by Mike Burke, Director and Vice President of Corporate Development at Sitka Gold Corp. (TSX-V: SIG | OTCQB: SITKF | FSE: 1RF). We discuss the news out today announcing the court approval for the accelerated purchase of the Clear Creek property, fully securing 100% ownership. Mike walks us through the transaction, the financial terms, and how exploration is progressing on the ground with seven active drills. Key Discussion Points: Court Approval for 100% Clear Creek Ownership: Insights into the accelerated cash purchase agreement, consolidating key ground at the RC Gold Project. Royalty Terms & Strategic Optionality: A breakdown of the 5% NSR royalty, the buy-down mechanism to 2%, and Sitka’s right of first refusal. Fully Funded Cash Position: How recent warrant exercises positioned the company to settle the acquisition entirely in cash without equity dilution. 7 Drills Turning Across Core & Target Zones: An exploration update on the ongoing 60,000 meters with a focus on the Rhosgobel expansion, Pukelman, and Eiger/Saddle targets. Assay Turnaround and News Flow Outlook: What investors should expect regarding laboratory timelines and steady assay results leading into year-end. 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/ ---------------------------- 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 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, we welcome back Bob Archer, President and CEO of Pinnacle Silver and Gold (TSX.V: PINN | OTCQB: PSGCF | Frankfurt: P9J), to discuss the maiden round of assay results from the ongoing underground drill program at the past producing El Potrero Project in Durango, Mexico. Bob explains how drilling from historical underground workings provides critical data and outlines how these high-grade intercepts fit into the broader near-term production strategy. Key Discussion Points: The Underground Drilling Advantage: Why closely spaced, multi-angle drilling from existing workings offers cost-effective precision and structural insight that surface drilling cannot replicate. Initial Assays and Visible Gold: A look into the high-grade gold and silver intercepts, including mineralization along strike and the role of visible gold. Phased Results and Assay Logistics: How drilling at the Pinos Cuates workings and portal areas is being systematically completed and released in batches. Expanding Strike and Production Path: How the underground results effectively double the known strike length and set the stage for upcoming surface delineation and mine planning. 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: 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 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 Introduction, we are joined by Jaap Verbaas, CEO and Director of Miata Metals Corp. (TSXV: MMET | OTCQB: MMETF | FRA: 8NQ). Jaap provides a comprehensive introduction to the company's district-scale exploration assets in Suriname, led by the flagship Sela Creek Gold Project and the strategically located Nassau Project. Major drilling underway, new discoveries emerging, and strong backing from new strategic investors. Strategic Location & Belt-Scale Geology: An overview of Sela Creek’s position along the highly underexplored Guiana Shield, mirroring the prolific gold endowments of West Africa's Birimian belt. 25,000m Drill Campaign: How ongoing drilling is expanding discoveries at the Jons Trend and Big Berg zones, pointing toward a significant continuous gold system. Testing High-Priority Exploration Targets: A look into new scout drilling and step-out targets across the property supported by the addition of a third rig. Strong Balance Sheet & Strategic Validation: Insights into the recent $25M+ financing, an 18-month lockup from cornerstone investor La Mancha, and upcoming near-term assay catalysts. Any follow up questions for Yaap? Email Shad or I at Fleck@kereport.com & Shad@kereport.com . Click here to visit the Miata Metals website - https://miatametals.com/ ---------------------------- 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 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 welcome Carl Löfberg, CEO of Firefox Gold (TSX-V: FFOX | OTCQB: FFOXF | FSE: FIY), to discuss ongoing exploration and drilling activities across the company’s gold projects in the Central Lapland Greenstone Belt of Finland. Mustajärvi Drilling Expansion: Overview of the recently completed 14,000-meter drill program, how it exceeded initial planning, and what the initial expansion results indicate for the upcoming maiden inferred resource. Targeting Beyond the Core Zones: Details on scout drilling and newly tested exploration zones across Mustajärvi, including the Central Zone and Triangle Target. Sarvi Follow-Up Exploration: Progress following high-grade intercepts drilled earlier in the year, along with the geophysics and structural modeling guiding the next exploration phase. Upcoming Catalysts and Steady News Flow: Expectations for pending assay results and how the company prioritizes capital across its portfolio while maintaining steady drill activity. Any further questions for Carl or the team at Firefox? Email me at Fleck@kereport.com . Click here to visit the Firefox Gold website to learn more about the Company - https://www.firefoxgold.com/ ---------------- 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 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 Tara Christie, President and CEO of Banyan Gold Corp. (TSX-V: BYN | OTCQB: BYAGF), to discuss recent bonanza grade drill results and provide a progress update on the 70,000 meter drill program at AurMac and regional targets in the Yukon. Bonanza-Grade Drill Intercepts at Powerline North: An overview of recent assay results from hole AX-26-874, delivering exceptional high-grade gold near the surface in an area previously categorized as unmineralized. Geological Modeling and Resource Expansion: How the updated lithological framework is unlocking targeted high-grade zones between existing deposits and reshaping future strip ratios. Exploration Progress Across the 70,000-Meter Campaign: A status update on active drilling across AurMac and regional targets at the Nitra property, including initial findings and assay turnaround expectations. Long-Term De-Risking and Economic Catalysts: The strategic shift toward resource conversion, infill drilling at depth, and preparation for future economic and engineering studies. If you have any follow up questions for Tara please email me at Fleck@kereport.com . Click here to visit the Banyan Gold website - https://banyangold.com/ ---------------------- 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 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.

Paul Jones, President of Versamet Royalties (TSX: VMET) (NASDAQ: VMET), joins me to outline the key record metrics from the Q2 earnings released on August 13. Paul reiterates that the Company is well on track to achieve their 2026 production guidance of 20,000 to 23,000 gold equivalent ounces. The portfolio of assets generated over $47 million in revenue in the first half of the year, which positions Versamet well to pursue accretive acquisitions, while maintaining a disciplined approach to deploying capital. Q2 2026 Financial Highlights Revenue of $23.7 million, an increase of 392% over Q2 2025. Record attributable gold equivalent ounces (“GEOs”) of 5,255, an increase of 256% over Q2 2025. Operating cash flow before working capital changes of $19.5 million, an increase of 506% over Q2 2025. Net income of $4.9 million, an increase of 2,781% over Q2 2025. Record adjusted EBITDA of $18.8 million, an increase of 747% over Q2 2025. Q2 2026 Corporate Highlights Acquired a cornerstone 3.52% existing gold stream, on the Eskay Creek gold-silver project, operated by Skeena Resources, located in British Columbia, Canada. This materially enhances the near-term growth profile, and gold equivalent ounce production for 2027 and beyond. Paul reviewed a few of the key cornerstone royalty and streaming assets, and outlined their solid operating partners in the field. Additionally, he highlighted several organic growth catalysts on tap over the next year, including the completion of the Rosh Pinah expansion, the Eskay Creek production commencing, the first gold production at Toega and Cuiú Cuiú. The company anticipates annual attributable production run rate in 2027 to increase to approximately 35,000 GEOs. Click here to follow the latest news from Versamet Royalties 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.

Jeff Phillips, President of Global Market Development, and an activist investor in the junior resource space, joins us to review the changing price trends and investor sentiment swings thus far in 2026. He goes on to unpack the value proposition in 5 junior resource stocks exploring for gold, silver, and copper that he holds in his portfolio. Throughout the discussion, we get more perspective on how Jeff evaluates opportunities in the junior exploration stocks, and the types of management teams and share structure that he likes to see to participate in their financings. Jeff has been involved in the natural resource space for the last three decades, and is a large strategic shareholder of over a dozen junior companies, and still a significant shareholder in a number of other mining stocks that he helped finance in the past. Jeff also serves as a technical consultant and advisor to several of these companies in the junior resource space, working on improving their messaging to the marketplace, roster of investors, and liquidity. Even though he doesn’t do many public-facing interviews or write in widely followed publications, Jeff is one of the most influential and well-respected people in the business. You’ll often see him hard at work at mining conferences, doing his due diligence and connecting people to one another. The companies we discuss in this interview are: Revival Gold Inc. (TSXV: RVG) (OTCQX: RVLGF) Headwater Gold (CSE: HWG) (OTCQB: HWAUF) Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF) Gladiator Metals Corp. (TSXV: GLAD) (OTCQB: GDTRF) GreenLight Metals Inc. (TSXV: GRL) (OTCQB: GRLMF) 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 Daily Editorial, we are joined by Craig Hemke, Founder and Editor of the TF Metals Report, to break down the sharp August rebound across the precious metals complex. We examine the fundamental drivers behind gold’s resilience, shifting Federal Reserve rate expectations, and why mining equities are beginning to demonstrate significant operating leverage. Key discussion points include: Macro Tailwinds and Monetary Policy Shifts: Why falling Fed rate hike expectations, cooling economic data, and a weakening US Dollar are rekindling upside momentum across the precious metals complex. Global Currency and Debt Market Pressures: The broader implications of international central bank interventions, sovereign bond market volatility, and how ballooning US debt servicing costs make sustained higher interest rates mathematically unsustainable. Decoupling from Broad Equities: Analyzing gold's recent strength alongside rising geopolitical tensions and oil price spikes, suggesting the yellow metal may be pricing in future global liquidity injections. Mining Share Leverage and Earnings Performance: How precious metals producers are capitalizing on robust realized metal prices and manageable cost structures to deliver outsized operational cash flows. Technical Breakouts and Key Chart Levels: A technical overview of the precious metals equities rebound, assessing unfilled price gaps and whether holding above the 200-day moving average confirms a structural trend reversal for the VanEck Gold Miners ETF. Upcoming Catalysts and August Volatility: What investors should monitor heading into the July FOMC minutes release and the upcoming Jackson Hole Economic Symposium amid typical late-summer trading liquidity. Click here to visit Craig’s website - TF Metals Report - https://www.tfmetalsreport.com/ ------------------------- 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 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, we welcome back TG Watkins, Director of Stocks at Simpler Trading and Editor of the Profit Pilot website, to break down the technical setups driving precious metals, commodities, and broad equity markets. Precious Metals & GDX Pullback Levels: A technical look at the sharp rebound in gold and gold equities following a multi-month base, along with the critical moving averages to watch to determine whether this move is a sustainable uptrend or an overextended bounce facing resistance. Copper Equities Playing Catch-Up: Analysis on the consolidation in copper stocks following major long-term runs, the impact of recent tech deleveraging, and why emerging chart patterns signal actionable opportunities on pullbacks. Broad Market Resilience & Market Breadth: Discussion on major indexes reaching new highs, the expanding participation across equal-weight indexes and small caps, and what the US Dollar breakdown means for broader risk assets. Fed Policy & Election Season Dynamics: An evaluation of shifting interest rate expectations, Fed communication strategy, and how upcoming midterms could introduce tactical volatility. Tech Sector Rotation: Where capital is rotating within the AI ecosystem, examining the divergence across software, hardware, and mega-cap leaders. Stocks & Tickers Mentioned: GDX, GDXJ, SIL, SILJ, TGB, HBM, SCCO, COPX, IWM, RSP, SPX, TLT, DXY, MSFT, AMZN, GOOGL, AAPL 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-Pilot ---------------- 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 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 Caleb Stroup, President and CEO of Headwater Gold (CSE: HWG | OTCQX: HWAUF), to discuss the company’s expanding exploration footprint across Nevada and Idaho, highlighted by new and progressing exploration partnerships with Newmont. New Earn-In Agreement with Newmont at Jupiter: Caleb breaks down the rapid progression of the newly acquired Jupiter project in Nevada's Walker Lane district and outlines the terms of Newmont’s earn-in commitment, including initial work plans on this large epithermal alteration footprint. Spring Peak Advances to Phase 2 Joint Venture: An overview of the transition into the next stage of the Newmont agreement, unlocking up to $40M in exploration funding, alongside the timeline for the Burnt Rock Plan of Operations permit approval. Partner-Funded Drilling at Crane Creek and Jade Creek: An update on the active 3,000m drill program with Centerra Gold in Idaho targeting depth extensions, as well as the ongoing 3,500m campaign with OceanaGold in Nevada. Generative Pipeline and Strong Cash Position: A look at Headwater’s healthy treasury of C$6M to C$7M and how the team continues to generate and evaluate new epithermal targets across the Great Basin. Please email your questions for Caleb to us at Fleck@kereport.com . Click here to visit the Headwater Gold website to read over the recent news - https://headwatergold.com/ ------------------------ 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 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 Weekend Show, we dissect the recent sharp rebound across precious metals and evaluate whether the broader market rally has real staying power. Featuring expert technical analysis from veteran resource investor Richard Postma (Doc) and fund manager Dana Lyons (The Lyons Share Pro), this episode breaks down critical moving average tests, unfilled chart gaps in gold and mining ETFs, macro warnings in the bond market, and the accelerating rotation from overextended momentum tech into durable value sectors. Segment 1 & 2 - Richard Postma (also known as "Doc") discusses technical outlooks across precious metals, bonds, and equities. Doc analyzes recent price rebounds in gold and silver as temporary bounces within a broader corrective phase, offering insights on key technical levels, long-term bond market pressures, and his strategies for accumulation in mid-tier producer equities. Segment 3 & 4 - Dana Lyons, a fund manager and editor of The Lyons Share Pro, wraps up the show providing a technical analysis of current market trends across multiple asset classes. He discusses taking a neutral stance on precious metals following recent bounces, maintains a bullish outlook on copper and energy equities, and explains his strategy of rotating out of overextended growth, tech, and semiconductor sectors into broad-market value sectors like healthcare and financials. Click here to visit the Lyons Share Pro website and learn more about Dana’s investment services - https://lyonssharepro.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! 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 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.

Akiba Leisman, President and CEO of Mako Mining (NASDAQ:MAKO) (TSXV:MKO), joins me for a comprehensive review of all 4 company Projects, on an operational, developmental and exploration perspective. The Company operates the high-grade San Albino gold mine in Nueva Segovia, Nicaragua. Mako owns the Moss Mine, an open pit gold mine in northwestern Arizona, which is ramping up into commercial production. Mako now controls the permitted development-stage Mt. Hamilton Gold-Silver Project located in White Pine County, Nevada, USA. Mako also holds a 100% interest in the development-stage Eagle Mountain Project in Guyana, South America. Q2 2026 Highlights Financial $62.6 million in Revenue $31.7 million in Adjusted EBITDA $25.9 million in Mine OCF ( $13.9 million in Net Income $112.9 million in Cash, Trade Receivables and Marketable Securities $1,996 Cash Cost ($/oz sold) $2,286 AISC ($/oz sold): San Albino $1,535 and Moss Mine $3,708 Return on Equity ("ROE") of 36.6% and Return on Assets ("ROA") of 23.8% Growth $2.9 million in exploration and evaluation expenses ($1.4 million in areas surrounding San Albino, $1.4 million at Eagle Mountain, Guyana and $0.1 million in Mt. Hamilton) The Company currently has a cash and gold-linked securities balance of approximately $112 million, which along with operating cash flow from their two mines, is more than sufficient to fully fund the two remaining development projects, without the need for any external capital. Over the ensuing weeks, the Company plans to unveil its plans for lowering its cost of capital, which could include a pathway for substantial shareholder capital returns. We went on to review all the ongoing exploration work at San Albino, and Akiba outlined the development progress and next steps for growth at the Moss Mine, the permitting update and rough timeline for development at Mt Hamilton, and the permitting progress being made at Eagle Mountain. If you have any further questions for Akiba regarding Mako Mining, then please email them into me at Shad@kereport.com. In full disclosure, Shad is a shareholder of Mako Mining at the time of this recording and may choose to buy or sell more shares at any time. Click here for a summary of the recent news out of Mako Mining. 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.

Roger Rosmus, Founder, CEO, & Director of Goliath Resources Ltd (TSX-V: GOT) (OTCQX: GOTRF) (FSE: B4IF), joins me for another exploration update on more high-grade gold drill assays returned stepping out 320 meters in the Golden Gate Zone at the Surebet Discovery on the Golddigger Property; located in the Golden Triangle, British Columbia. We also rapid-fire through some listener questions on the drill density of all the prior years drill programs, how that would set up a future MRE, (even though that is not the focus this year), and why they elected to focus on big step-out drilling to expand the deposit over pursuing a more costly exploration adit. The fully funded 2026 drill program comprises approximately 50,000 meters of systematic drilling, including 7 drill rigs targeting expansion of the known gold mineralization laterally and at depth. 45 out of 98 planned drill holes have been completed with a total of 25,651 meters drilled in 2026. All drill holes completed during the 2026 drill campaign have intersected quartz-sulphide mineralization which generally corresponds to high-grade gold mineralization. Expansion drilling will continue to focus on extending the footprint of the Bonanza and Golden Gate Zones to the Southwest, East and Northeast. Directional drilling consisting of multiple holes stemming from a single ‘mother’ hole is being used on selected drill pads in order to minimize drill time and costs while increasing target accuracy. Drill hole GD-25-420 extended the Golden Gate Zone by 320 meters to the Northeast. The interval assayed 6.51 g/t AuEq (6.16 g/t Au and 7.27 g/t Ag) over 5.73 m, including 13.49 g/t AuEq (12.79 g/t Au and 14.12 g/t Ag) over 2.73 m, including 36.27 g/t AuEq (34.43 g/t Au and 35.17 g/t Ag) over 0.97 m consisting of a series of broad quartz sulphide veins hosted in volcanic rocks where VG-NE occurs in association with semi-massive pyrrhotite, sphalerite, pyrite and galena. Drill hole GD-26-424 intersected the Golden Gate Zone in an interval that assayed 10.32 g/t Au over 6.00 meters, including 15.61 Au over 3.96 meters, including 33.80 g/t Au over 1.82 meters (gold only). It contained a series of quartz-sulphide veins containing multiple occurrences of Visible Gold to The Naked Eye (VG-NE) hosted in volcanic rocks. The veins contain disseminated sulphides consisting of pyrite, pyrrhotite, sphalerite, galena, and trace chalcopyrite Drill hole GD-25-412 intersected multiple mineralized intervals belonging to the Surebet and Golden Gate Zones. The Surebet Zone interval assayed 4.41 g/t AuEq (3.33 g/t Au and 61.14 g/t Ag) over 7.79 meters, including 8.47 g/t AuEq (6.58 g/t Au and 106.53 g/t Ag) over 3.81 meters within a broader interval of mineralization. This intercept contains multiple occurrences of VG-NE within quartz veins and breccias associated with disseminated galena, sphalerite and pyrrhotite. The Golden Gate interval assayed 4.17 g/t AuEq (3.87 g/t Au and 7.96 g/t Ag) over 3.75 meters, including 7.52 g/t AuEq (7.07 g/t Au and 11.37 g/t Ag) over 1.94 meters within a broader interval of mineralization. This intercept is characterized by several occurrences of VG-NE associated with quartz-sulphide veins containing pyrite, pyrrhotite, sphalerite and galena. Drill hole GD-26-414 intersected multiple mineralized intervals belonging to the Surebet and Golden Gate zones. The Surebet Zone interval assayed 2.81 g/t Au over 4.00 m, including 9.79 g/t Au over 1.00 m part of the Surebet Zone. This first interval contains multiple occurrences of VG-NE within quartz-sulphide veins and breccias with substantial calc-silicate alteration. The Golden Gate interval assayed 9.87 g/t Au over 5.00 m, including 65.65 g/t Au over 0.75 m part of the Golden Gate Zone. This second interval is characterized by several occurrences of VGNE associated with quartz-sulphide veins containing lenses of semi-massive pyrrhotite, galena, sphalerite, and minor chalcopyrite We then shift to a rapid-fire Q&A session where Roger fielded a number of questions from listeners about why the company was prioritizing expanding resources with big step-outs in this year program, how the drill density over ~75% of the deposit was already at 25 meter to 50 meter spacings, how recent step-outs would still need more infill drilling next year, and why the company chose to focus its funds on more drilling this season versus pursuing the longer-process and costly exploration adit idea that had been investigated. 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 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 Daily Editorial, we are joined by Marc Chandler, Chief Market Strategist at Bannockburn Capital Markets and Editor of the Marc to Market website. Marc provides a detailed assessment of recent macroeconomic data, shifting central bank policy expectations, and key technical levels to watch across major global currencies. Key Discussion Points: Cooling U.S. Economic Momentum: How a string of softer inflation readings, disappointing retail sales, and weaker employment figures are dragging down the U.S. economic surprise index. Technical Breakdown and Key Dollar Levels: A deep dive into whether the U.S. dollar index is setting up for a bear flag breakdown toward the 200-day moving average and May/June lows. Fed vs. BOJ Divergence: Why interest rate expectations are shifting toward a potential rate hike from the Bank of Japan while pricing in a pause or fewer hikes from the Federal Reserve. Yen Carry Trades and Foreign Inflows: Analysis of the historic volume of foreign assets purchased by Japanese investors following recent currency interventions. Fiscal Pressures and Rising Tariffs: The broader market implications of the record July U.S. budget deficit, ongoing tariff refunds, and upcoming trade policy deadlines. Key Catalysts for Next Week: What to expect from China’s economic releases, Japan’s Q2 GDP, global flash PMIs, and the implementation of new U.S. tariffs. Click here to visit Marc’s site - Marc To Market - https://www.marctomarket.com/ --------------------------- 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 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.

Jason Jessup, CEO and Director of Magna Mining (TSX: NICU) (OTCQX: MGMNF), joins me for a review of Q2 financials and operations at the McCreedy West Mine and the expedited development pathway for the Levack and Crean Hill mines located in Sudbury, Ontario. We also discuss the larger exploration strategy across many projects, and how the company is continuing to recruit and grow a quality base of employees. Q2 Highlights: In Q2 2026, Magna achieved record production with 98,446 tons of ore processed from the 700 Footwall Copper Zone at the McCreedy West copper-precious metals-nickel Mine in Sudbury, Ontario, Canada at a grade of 3.34% copper equivalent (“CuEq”) and 6.6 million CuEq contained pounds (“lbs”) based on realized metal prices in the quarter. The Company produced 4.5 million CuEq payable lbs in Q2 2026 and 8.6 million CuEq payable lbs in the first half of 2026. The Company continues to expect to achieve full year 2026 guidance for all metrics, including production of 16.0-18.0 million CuEq payable lbs. The Company’s Q2 2026 year-to-date Total Recordable Injury Frequency Rate (TRIFR) was 0.63, compared to 3.87 during the same period in 2025, representing an 84% reduction. Additionally, McCreedy West Mine achieved a significant milestone in June 2026 by completing one year without a recordable injury. During Q2 2026, Magna generated record positive cash margin3 of $8.9 million and free cash flow of $5.1 million. Quarterly cash costs and All-in sustaining costs (“AISC”) of US$3.76 per CuEq lb, and US$4.54 per CuEq lb, respectively. Production costs per ton processed in Q2 2026 declined by 6.9% from the prior quarter to $199 per ton. Exploration and evaluation expenses in Q2 2026 of $5.3 million, including $5.0 million at Levack Mine with a focus on infrastructure readiness to support early ore sources and establishing underground exploration platforms to continue drill testing the R2 Footwall Zone as well as other targets. Both the Levack Preliminary Economic Assessment (“PEA”) and the Crean Hill Pre-Feasibility Study (“PFS”) are on track to be completed during Q3 2026. Ended Q2 2026 with cash and cash equivalents of $40.0 million and a working capital balance of $45.3 million. On June 23, 2026, the Company graduated from the TSX Venture Exchange (“TSXV”) to the Toronto Stock Exchange (“TSX”). The TSX uplisting is expected to enhance the Company’s profile within the investment community, improve trading liquidity, and provide greater access to a broader range of investors. Subsequent to the end of Q2 2026, on July 6, 2026, the Company announced a strategic investment by Alpayana S.A.C (“Alpayana”) via a non-brokered private placement financing to purchase 62,222,222 common shares of the Company at a price of $2.25 per common share for aggregate gross proceeds of approximately $140.0 million. Upon closing, Alpayana is expected to hold approximately 19.9% of the issued and outstanding shares of the Company and closing of the Offering is anticipated during Q3 2026, subject to receipt of all required regulatory approvals. Magna’s Chief Financial Officer, Scott Gilbert, has advised the Company of his intention to retire by the end of 2026. Greg Huffman, Senior Vice President, Capital Markets, will formally assume the role of Chief Financial Officer upon Scott’s retirement. Greg will work closely with Scott over the coming months to support a smooth transition. 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. 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.