The KE Report
The KE Report provides exclusive interviews with private money managers and sub $10 billion market cap stocks. Interviews are published daily to help investors navigate the markets.
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6 hours ago
6 hours ago
[Recorded March 31st, 2026] Sean Brodrick, Editor of Wealth Megatrends, Supercycle Investor, Resource Trader, and contributing analyst to Weiss Ratings Daily, joins us to review how he is trading these volatile markets on the back of Middle East geopolitics, and a positive upswing in many sectors, including the precious metals and critical minerals stocks on the last day of March. We look ahead to April, and the trends he’ll be watching most closely.
We discuss the ever-shifting narratives on the Middle East war, and the longer-term implications for oil prices, which he believes will remain more elevated than prior to this conflict, and won’t be going back down to where they were previous to this month. He is holding onto many of the oil and gas names in his portfolio, but understands why some investors may want to pull some profits after very nice moves higher.
With regards to the precious metals, Sean remains bullish for gold and silver for the medium-term to longer, because all the broader fundamental macroeconomic and geopolitical factors are still in place and haven’t changed.
While the central bank of Turkey has been selling gold to support their currency, and some countries in the Middle East have been rumored to be selling gold to counter losses in energy revenues, he believes that selling pressure will subside if a resolution is reached with regards to the Strait of Hormuz.
He doesn’t feel the bull market in precious metals has been negated, despite all the downside price action since the January peak, as long as gold holds above $4,100.
Sean and his subscriber still have good exposure to gold and silver stocks, but are now considering buying back or adding to positions that they had trimmed back in January after the big sector correction during the month of March, but constructive recent bounce.
He highlighted Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) as stock that sold off hard after their recent earnings, due to higher costs from more capital spending that investors were expecting, but it also reversed back up strong to close up the month along with the sector.
He sees moments like this as examples of where investors that missed a stock on the way up the first time, get another opportunity to accumulate into pullbacks.
With regards to the critical minerals stocks; a wide range of the antimony, tungsten, and rare earth stocks had a big surge on the last day of March, along with the rest of the metals complex, and he noted that many will still benefit from future government funds and policy initiatives to support these important inputs into infrastructure and defense.
He highlighted that he and his subscribers had done well in United States Antimony (NYSE American: UAMY)and continue to look for opportune times to add into weakness, since the US government has a been a customer and strategic partner. They are also partnered with Americas Gold and Silver in a JV to build an antimony processing plant in Idaho, to keep their production and processing domestic.
Sean also highlights the positive news from Perpetua Resources Corp. (Nasdaq: PPTA) (TSX: PPTA) on March 31st, where the Board of the Export-Import Bank of the United States ("U.S. EXIM") unanimously agreed to notify Congress of a proposed $2.7 billion senior secured long-term loan for development of Perpetua's Stibnite Gold Project.
With regards to a rare earth stock bouncing at month end, that may be offering a compelling entry point after a larger correction, he flagged Critical Metals Corp. (Nasdaq: CRML) as a stock he is watching more closely.
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:
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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.
15 hours ago
15 hours ago
John Miniotis, President and CEO of AbraSilver Resource Corp (TSX: ABRA) (OTCQX: ABBRF), joins us to review the news out March 30th, reporting on the initial drill results from its ongoing Phase VI exploration program, including results from Condoryacu and Oculto East. We also discussed the upcoming catalysts of the updated Mineral Resource estimate (“MRE”), Definitive Feasibility Study (“DFS”), Environmental Impact Assessment (EIA) permit, and ongoing Phase 6 Exploration Program for the balance of 2026.
The Company announced that it has completed the acquisition of the Condoryacu and Maria Amalia properties, located immediately adjacent to its flagship Diablillos project in Argentina. The acquisitions were completed following final payments of US$2.5 million for the Condoryacu property and US$250,000 for the María Amalia concession, as previously announced on February 17, 2026.
At Condoryacu, initial confirmatory drilling has returned very strong results, including a broad, high-grade intercept of 72 metres grading 18.7 g/t gold, 117 g/t silver and 2.06% copper beginning at surface. These results confirm the presence of a high-grade precious and base metal mineralized system that appears to be related to the broader Oculto-JAC hydrothermal system at Diablillos. The 72-metre intercept grading 18.7 g/t gold represents the strongest gold grade-thickness intersection ever reported within the broader Diablillos district.
At Oculto East, the first drill hole of the Phase VI campaign (DDH 26-001) intersected a broad, continuous zone of oxide gold and silver mineralization extending beyond the limits of the current conceptual open pit, further demonstrating the scale and continuity of the overall mineralized system. Follow-up drilling is underway as part of an extensive program to expand and define gold-silver mineralization several hundred metres east of the open pit margin.
John takes us through the busy year of catalysts the company has on tap, starting with all the drilling data from Phase V being compiled into an updated Resource Estimate that will come out in parallel with their Definitive Feasibility Study, which is due out in the 2nd quarter of 2026. Additionally, the Company is awaiting their EIA permit, which will be the trigger for a construction decision later in the year. There will also be the ongoing Phase 6 exploration program expanding the deposit size and resources for the balance of the year, mostly at Oculto East and Oculto NorthEast, but with some holes at JAC, Cerro Viejo, and now other follow-up targets at Condoryacu.
If you have any follow up questions for John regarding at AbraSilver, then please email them into us at Fleck@kereport.com or Shad@kereport.com.
In full disclosure, Shad is a shareholder of AbraSilver Resource Corp at the time of this recording and may choose to buy or sell more shares at any time.
Click here to visit the AbraSilver website and read over the most recent news releases.
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.
16 hours ago
16 hours ago
In this update from Red Canyon Resources (CSE: REDC - OTCQB: REDRF), Chairman and CEO Wendell Zerb discusses the company’s recent financing and the upcoming drill programs across their copper-focused portfolio.
Key Discussion Points:
Recent $2.5 Million Financing: Wendell details the strategic participation of institutional investors and high-net-worth individuals, specifically highlighting Tech Resources topping up to maintain their 9.9% stake in the company.
The Inzana Project Drill Plan: Insights into the upcoming May drill program at the Inzana Project in Central BC, focusing on the high-priority Camp Target where previous shallow drilling identified significant copper-gold mineralization.
Kendall Project Advancements: A review of the Kendall Project, the company’s most advanced asset, which has shown continuous mineralization across ten drill holes spanning a 1.5km by 500m area.
Scraper Springs Potential: An overview of the 2026 plans for this Northern Nevada project, including a final ZTEM geophysical survey to define deep-seated porphyry targets before drill testing.
If you have any follow up questions for Wendell please me at Fleck@kereport.com.
Click here to visit the Red Canyon website - https://www.redcanyonresources.com
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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.
2 days ago
2 days ago
Andrew Pollard, President and CEO of Blackrock Silver (TSX.V:BRC – OTCQX:BKRRF), joins me to discuss the results of the updated Preliminary Economic Assessment ("PEA") for its 100%-owned Tonopah West Project, located in West-Central Nevada, United States. We also delve into the updated Mineral Resource Estimate (“MRE”) that was prepared by RESPEC in accordance with the CIM Definition Standards and NI 43-101, with an effective date of January 4, 2026. The Tonopah West Project is located in one of the largest historic silver districts in North America, located on private land in Nye and Esmeralda counties, Nevada, United States.
Highlights of the Tonopah West PE (Ounces are troy; all tonnes metric)
Disciplined Base Case Economics: Secured with a conservative long-term silver ("Ag") price of US$31 per ounce and a gold ("Au") price of US$2,700 per ounce, the Project shows robust, after-tax net present value, discounted at 5% ("NPV5%"), of $437-million, and an after-tax internal rate of return ("IRR") of 28% over an 11.2-year life of mine ("LOM") -- ensuring operational resilience through a wide range of metal price cycles;
Exceptional Leverage to upside metal prices: Assessed at the 1-year analyst consensus forecast for gold and silver prices (US$66.90/oz Ag and US$4,554/oz Au), the Project delivers US$1.55B after-tax NPV5%, a 79% IRR, and a 1.4-year payback;
Low Initial Capital: Calculated initial capital cost of US$190-million (including US$25-million contingency) with a base case payback period of 3.5 years;
Increased Payable Metal: Enhanced mine plan delivers 89.6 million silver equivalent ("AgEq") ounces, which equates to 79.6 million payable AgEq ounces -- a 14% increase in payable silver and 17% increase in payable gold as compared to the previous preliminary economic assessment on Tonopah West,dated effective September 4, 2024 with a US$778-million after-tax LOM cash flow.
Excellent Metallurgical Recoveries: Realized average recoveries of 91.6% for silver and 96.3% for gold from a 3-stage crushing circuit and processing plant;
Unique location and infrastructure: Located on patented mineral claims (private land) adjacent to the town of Tonopah, Nevada, the Project benefits from its location, unprecedented infrastructure and profits from a stream-lined permitting process with only State and County agencies as stakeholders.
The MRE encompasses the spatial areas known as Victor, DPB North, DPB South, Northwest Step Out, and the East Extension areas. The Victor area is approximately 700-metres by 350-metres while the DPB area is 700-metres by 1,100-metres. NW Step Out represents a new extension of the vein zones to west-northwest. The East Extension is an area between the DPB South area and the eastern edge of the property. The spatial areas are not considered to be significantly different geologically but have been separated for logistical purposes in future mining scenarios.
Increased Indicated AgEq Ounces: Improved indicated category mineral resource estimate comprising 2.75 million tonnes grading 454 grams per tonne ("g/t") AgEq totaling 40.2 million ounces of AgEq (216.8 g/t Ag and 2.25 g/t Au for 19.2 million ounces of silver and 199,000 ounces of gold respectively) - a 90% increase over the previous mineral resource estimate on Tonopah West dated effective August 25, 2025;
Large Resource with Upside Potential: Increased inferred mineral resource with 5.54 million tonnes grading 466 g/t AgEq for 83 million ounces of silver equivalent (188.5 g/t Ag and 2.62 g/t Au totaling 33.6 million ounces of silver and 467,000 ounces of gold) in an inferred mineral resource category. The vein system is open to the east, northwest and at depth;
Low-cost Geometry: Used a minimum mining width of three metres (3m), and Long Hole Stoping (cheaper costs) accounts for 88% of the tonnes mined while Cut and Fill mining accounts for 12% of the tonnes;
Fully-financed 17,000 metre two-phased expansion drill program commenced in February with up to 800 metre step-outs along strike
NW Expansion (10 drillholes): Targeting expansion opportunities along strike of the DPBS North zone to the east and northwest with step-out holes up to 800m along strike planned
Eastern Expansion (20 drillholes): The Eastern Expansion Program will follow up on the shallow, high-grade, and thick zones of silver and gold in each of the recognized structures identified in 2025.
Click here to follow the latest news from Blackrock Silver
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.
2 days ago
2 days ago
In this Daily Editorial, we chat with Dave Erfle, Founder and Editor of Junior Miner Junky, to break down a historic month of volatility in the precious metals sector. As March 2026 comes to a close, the markets are witnessing a significant rebound following a "nasty" monthly candle that saw major pullbacks across the board.
Key Discussion Points:
Analyzing the March Correction: A look at the significant monthly drops in GDX and GDXJ, contrasted against gold's impressive all-time high quarterly close.
Geopolitical Catalysts: How shifting rhetoric regarding the conflict in Iran and potential threats to infrastructure are tossing the gold price between positive and negative extremes.
Macroeconomic Pressures: Insight into Jerome Powell’s Harvard speech addressing the "unsustainable" path of U.S. debt and its long-term implications for hard assets.
Technical Benchmarks for Recovery: The specific price targets Dave is watching for GDX and GDXJ to confirm the deleveraging phase is over.
Selective Investing in Juniors: Why Dave is prioritizing cash-rich developers with strategic partners over high-retail-float explorers in the current environment.
The Importance of Strategic Partnerships: A discussion on why a "de-risked" project - one with a feasibility study and a major partner - is a "big green flag" for investors.
Click here to visit the Junior Miner Junky website to learn more about Dave’s investment letter - https://www.juniorminerjunky.com/
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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.
2 days ago
2 days ago
In this Daily Editorial, I am joined by Darrell Fletcher, Managing Director of Commodities at Bannockburn Capital Markets. Darrell oversees the commodities trading desk and provides an "inside look" at how market participants are hedging and reacting to the current geopolitical climate.
The discussion focuses on the intense volatility across the energy and metals sectors, specifically exploring the divergence between global benchmarks and the underlying structural constraints facing the market today.
Key Discussion Points:
Oil Market Divergence: An analysis of the widening spreads between WTI, Brent, and Dubai benchmarks, and why the forward curves are currently underestimating structural supply issues.
The Strait of Hormuz & Supply Chains: How Iran’s leverage over global shipping routes is creating "exponential" problems for energy-intensive commodities like aluminum and petrochemicals.
Industrial Metals Performance: Why Aluminum has become a massive outlier in the base metals complex due to high energy costs, while copper and nickel remain relatively range-bound.
Natural Gas Dynamics: A look at why U.S. natural gas remains decoupled from global prices due to maxed-out LNG export capacity.
Precious Metals Sentiment: Insights into the recent "flush out" in Gold and Silver and why central bank activity remains a critical factor for long-term bulls.
Click here to learn more about Bannockburn Capital Markets - https://www.bannockburnglobal.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.
2 days ago
2 days ago
In this episode, we are joined by Garrett Ainsworth, President and CEO of District Metals (TSX.V: DMX | OTCQB: DMXCF | Nasdaq First North: DMXSE). Garrett provides a comprehensive update on the company’s near term work plans in Sweden. The discussion covers the anticipated release of the Preliminary Economic Assessment (PEA) for the Viken Deposit, innovative metallurgical processes that enhance resource recovery, and the upcoming drill programs across the portfolio of energy metal properties.
Key Discussion Points:
Viken Deposit PEA & Economic Impact: Insights into the upcoming Preliminary Economic Assessment (Q2 2026) and the subsequent Economic Impact Study scheduled for Q3, focusing on social licensing and job creation.
Metallurgical Advancements: A look at how new extraction technologies, originally developed for lithium and rare earth elements, are being applied to the Viken deposit to improve recoveries of uranium, vanadium, and potash.
2026 Exploration & Drilling: Details on the Q2 drill plans at the Alum Shale and Viken projects, alongside fieldwork at high-grade uranium targets like Såtjärn, Nianfors, and Ardnasvarre.
Swedish Political Landscape: An update on the potential "Deposit of National Interest" designation for Viken and the June 11th parliamentary vote regarding the removal of the municipal veto on uranium processing.
If you have any follow up questions for Garrett please email me at Fleck@kereport.com.
Click here to visit the District Metals website to learn more about the Company - https://www.districtmetals.com/
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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.
3 days ago
3 days ago
Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to review the value proposition that has his attention from recent corporate news and strategies from 3 advanced gold and silver developers looking to go into the 2nd wave of the Lassonde Curve on the pathway to production in the next 1-2 years.
>> The companies we discussed in the interview are:
Montage Gold Corp. (TSX: MAU, OTCQX: MAUTF) – On March 30, 2026 the Company reported an updated Mineral Resource Estimate (“MRE”) for its Koné and Gbongogo Main deposits, at the Company’s flagship Koné project, located in Côte d’Ivoire, where construction continues to rapidly advance on-budget and ahead of schedule with first gold pour anticipated through the oxide circuit in late Q4-2026.
Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) - On March 30, 2026, the Company announced that it has obtained the main required governmental authorizations for the execution of its 40,000 tonne underground bulk sampling program at the Perron gold project, located within the locality of Valcanton, near Normétal. Field preparatory work is planned to begin during the month of April, with the objective of initiating portal construction in early summer 2026.
Blackrock Silver Corp. (TSXV: BRC) (OTCQX: BKRRF) (FSE: AHZ0) – On March 3, 2026, the Company announced the issuance by the Nevada Department of Environmental Protection (NDEP), through the Bureau of Air Pollution Control, the Class II Air Quality and Surface Disturbance Permit for the Company's Tonopah West mineral project located along the Walker Lane Trend in Nye and Esmeralda Counties, Nevada, USA.
The Permit allows for the disturbance of up to 150 acres (60.7 Hectares) at Tonopah West for five (5) years, which can be extended and modified as Tonopah West moves toward permitting and construction of its proposed exploration decline, test mining and bulk sample extraction programs.
Click here to follow Erik’s analysis over at The Hedgeless Horseman website
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.
3 days ago
3 days ago
In this episode, we are joined by Craig Hemke, Founder and Editor of TF Metals Report, to break down one of the most volatile periods for precious metals in recent history. Craig provides a deep dive into the macroeconomic "perfect storm" currently suppressing prices.
Key Discussion Points:
The Triple Threat to Gold: Craig explains how the 50-55 basis point shift in the 2-to-10-year yield curve, a rallying U.S. Dollar, and the massive 58-metric ton gold liquidation by Turkey have converged to drive prices lower.
Central Bank Liquidity Concerns: An analysis of why sovereigns like Turkey are swapping gold for dollars to prop up local currencies and how this deviates from the decade-long trend of central bank accumulation.
The "Peak Lunacy" in Rates: Why Craig believes the market has it wrong regarding future rate hikes, citing the unsustainable cost of refinancing $12 trillion in U.S. Treasuries at higher interest rates.
The Disconnect in Mining Equities: A look at the severe margin compression facing producers as energy costs rise while metal prices fall, and why Q1 earnings might still surprise the market.
Silver’s Technical Outlook: Evaluating the breakdown of the "one universal chart" and whether Silver is headed back toward its 200-day moving average or poised for a triple-digit recovery.
Click here to visit Craig’s website - TF Metals Report - https://www.tfmetalsreport.com/
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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.
3 days ago
3 days ago
In this episode, we are joined by Derek Iwanaka, CEO of Prince Silver (CSE:PRNC - OTCQB:PRNCF - FRA:T130), for a comprehensive update on the company’s flagship Prince Silver Project in Nevada. Following an upsized 9,000-meter drill program and a successful private placement, Derek discusses the significance of recent high-grade intercepts and the company’s strategic outlook for 2026.
Key highlights:
High-Grade Drill Results: Derek breaks down the standout results from the first 15 holes, highlighted by an intercept of 7.6 meters at 230 g/t silver and nearly 11% manganese.
Exploration Upside and Scale: With 12 out of 15 holes hitting mineralization, the project currently shows a 1.5 to 2-kilometer strike length. Derek details plans for step-out drilling to the north, south, and west to test the ultimate boundaries of the system.
Strategic Manganese Component: As the U.S. looks to secure domestic supplies of critical minerals, Prince Silver’s significant manganese content offers unique strategic value. Derek explains the company's ongoing dialogue with the U.S. government regarding potential funding through critical mineral initiatives.
Metallurgical Synergy: The team is currently conducting metallurgical testing to optimize the recovery of silver from manganese-rich ore, leveraging proven processes used by peer companies in similar carbonate replacement deposits (CRD).
Regional Consolidation: Beyond the current drill program, Prince Silver is evaluating further acquisitions within the historic Pioche District to consolidate high-potential ground that hasn't seen modern exploration since the 1970s.
Please email me with any follow up questions for Derek - Fleck@kereport.com
Click here to visit the Prince Silver website to learn more about the projects and team.
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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.