The KE Report

Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to review the value proposition that has his attention in 3 junior gold and copper exploration stocks, that have put out compelling news in the recent past and that have key alpha growth catalysts on tap in the medium-term.
 
The companies we discussed in the interview are:
 
FireFox Gold Corp. (TSX.V:FFOX)(OTCQB:FFOXF) – On September 14, 2026, the Company reported assay results from seven additional drill holes completed at its 100%-owned Mustajärvi Gold Project in Lapland, Finland. Most of these holes were drilled well to the southwest from the recent focus at the East Zone, including one hole (26MJ030) that is the first of a two-hole fence testing the western strike extension of the Northeast Zone. The drill also returned to the Central Zone, which has seen only sporadic drilling in recent years, with three holes on the western side of that lode. This round of results also includes three holes into the gap between the Central and Northeast Zones.
 
* This interview was recorded on Tuesday morning, and then on Wednesday morning Firefox released another exploration result that further animated the marketplace:
On September 16, 2026, FireFox Gold announced the discovery of the "Lammas Zone" at its 100%-owned Mustajärvi Gold Project in Lapland, Finland. Lammas is a newly recognized high-grade gold-mineralized zone that is nearly a kilometre east of the main Mustajärvi Shear Zone (MSZ). The discovery drill hole, 26MJ032, intersected several gold-mineralized intervals, highlighted by:
21.0m averaging 4.13 g/t gold from 114.0m depth, including 1.0m at 21.6 g/t gold, and; 4.2m averaging 3.41 g/t gold from 138.0 metres depth
 
** Cory will be hosting a webinar with Patrick Highsmith, Chairman of FireFox Gold, this Friday September 18th at 9:00am (Pacific Time).  
Click on the link below to register for this webinar:https://event.webinarjam.com/gykm4/register/rg6k1hvm
 
Red Canyon Resources Ltd. (CSE: REDC | OTCQB: REDRF | Frankfurt: I91) – On September 14, the Company announced the completion of its auger drilling and expanded soil geochemistry programs at its 100% owned Osiris Copper-Gold Project in central British Columbia.  
The Company completed 31 truck-mounted auger drill holes testing areas at the Camp, Twin Peaks, Rhino, and Nautilus targets, all under glacial till cover. In most cases, auger drill holes were able to penetrate up to 15 cm into the bedrock and recover chip samples.  
Importantly, two holes at the northern end of Nautilus drilled into altered hornblende porphyry, one of which intersected quartz veining with pyrite and chalcopyrite.
 
Irving Resources Inc. (CSE:IRV)(OTCQX:IRVRF)(FSE:1IR) - On September 14, the Company announced that its aggressive 2026 4-rig drill program at its Omu gold-silver project is underway. One diamond drill rig, Irving's own Zinex A5, is currently testing shallow silica-rich gold-silver mineralization at the Nanko target, part of the Omui mining license. Two diamond drill rigs are testing mineralization that is part of the JX/Irving collaboration within the Honpi mineralized zone of the Omui mining license. A fourth diamond drill is actively drilling extensions of the Omu Sinter deposit. Highlights of the 2026 drill program are as follows:
Holes recently completed at Nanko have all encountered extensive shallow, intensely silicified volcanic rocks and hydrothermal breccias and veining. Sulfide minerals are readily evident where rocks are unoxidized.
Irving believes a large volume of gold-silver-bearing silica is potentially present at Nanko. This season's drill program is designed to outline the footprint of this system. Drilling at Nanko is immediately south of the area defined at Omui that is subject to an option by JX Advanced Metals Corporation.
Two holes are currently being drilled in the JX/Irving collaboration area at Omui. These holes are follow-up to previous drilling which tested silicification and mineralization at shallow depths. Drilling of these holes has just recently begun but are already showing hydrothermal breccias and veining.
 
 
 
Click here to follow Erik’s analysis over at The Hedgeless Horseman website
 
* In full disclosure, some companies mentioned by Erik in this interview, are positions held in his personal portfolio, and they may also be site sponsors of The Hedgeless Horseman website at the time of this recording.
 
 
 
 
For more market commentary & interview summaries, subscribe to our Substack reports:
 
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.
 

[Recorded:  09-15-2026]  Sean Brodrick, Editor of Wealth Megatrends, Supercycle Investor, Resource Trader, and contributing analyst to Weiss Ratings Daily, joins me for a wide-ranging discussion diving into the market volatility across multiple resource and general equity sectors in the current macroeconomic and geopolitical environment. He shares how he is managing his portfolio as it relates to oil and oil stocks, AI stocks, cybersecurity stocks, and gold stocks.
 
 
We start off discussing the potential macro and market impacts of the first Fed funds rate hike by the US central bank in a few years.
While the market had ascribed over a 90% chance of a 25-basis-point hike, through yesterday (when we talked), Sean looks ahead to what that actually means or may achieve for fighting persistently high inflation into the future.
Higher rates could negatively affect the housing industry, auto loans, business loans, and slow growth to some degree.
Market participants have already been selling bonds, and driving interest rates higher in anticipation of a higher Fed funds rate, along with pushing back on US fiscal policies.
There is a “family feud” going on between Kevin Warsh and the Fed working to hike rates on the short end of the yield curve, and Scott Bessent and the US Treasury actively working lower rates on the long end of the yield curve.
Sean makes the point that even if the Fed hikes interest rates once, or even a few times, it is not really going to change the fundamental oil supply from the Middle East or tame that inflation input as a result of rising energy prices.
 
We then shifted our focus over to the surge higher to triple-digit oil prices, on the back of deepening conflict across the Middle East.
Sean outlined how technical price projections on longer-term charts could allow for a brief spike in WTI up to $150 a barrel.
Sean is very comfortable holding onto his oil stocks for now, as they should have a very profitable Q3 on the back of solid Q2 earnings.
 
Next, we unpacked some of the recent slowdown in AI stocks and the pace of advancement, as a few vocal industry participants expressed concerns of losing control of artificial intelligence.
Sean highlights that while these concerns are valid, that it has ballooned up into a bigger deal than many were expecting over the last couple weeks.
It may be that real motivation to pump the breaks on the pace of A.I. is because the industry would like to see more government regulation that would discourage cheaper open-source foreign platforms from being adopted domestically.
He highlights the potential opportunity that restricting or securing against AI threats may present to cybersecurity companies like Palo Alto Networks (Nasdaq: PANW) or CrowdStrike Holdings (Nasdaq: CRWD)
 
Wrapping up, Sean shared his outlook on what fundamentals are driving gold, silver, and the PM stocks down over the last few weeks.
In addition to more hawkish statements from Kevin Warsh during the Jackson Hole banking symposium a few weeks ago, Sean points out that it was really the higher inflation readings recently that back-stopped the decision for the Fed raise rates.
He remains cautious that short-term economic data around inflation and a stronger US dollar could still trigger some more near-term selling pressure, but he also shares the reasons why he believes this move in the precious metals complex could have legs to begin the next run higher in the medium term. 
Sean is still mostly animated by revenue-generating gold and silver producers, and will be scanning across the field of companies at the upcoming Beaver Creek Precious Metals Summit for new ideas to report on moving forwards.
 
 
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 Substack reports:
 
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 Company Introduction, we welcome Richard Osmond, President and CEO of Element 29 Resources (TSX-V: ECU, OTCQB: EMTRF), for a comprehensive exploration update on the company's portfolio of copper assets in Peru. Richard breaks down the advantages of the flagship Elida project, its unusually low strip ratio, infrastructure access, and the path forward toward an updated resource estimate and preliminary economic assessment.
Flagship Elida asset and infrastructure advantages: An overview of the 100%-owned copper-molybdenum porphyry system, its discovery history, and the logistical edge of operating at low elevation with nearby paved highways, power, and port access.
Maiden resource and low strip ratio: Insights into the 322-million-tonne pit-constrained resource, higher-grade starter zones, and a 0.74:1 strip ratio.
Fully funded drill program and expansion targets: Details on the fully financed 12,000-meter multi-rig campaign designed to test deeper mineralization, delineate near-surface shells, and support an updated resource model.
Regional pipeline upside: A briefing on drill-ready exploration assets, including the Flor de Cobre project in the Southern Peru copper belt and the high-grade skarn potential at Paka.
Strategic capital and leadership depth: Discussion on the strong shareholder register featuring Alpayana, Haywood, and mining industry veterans, alongside board governance from former Capstone and Wheaton Precious Metals leadership.
 
Click here to visit the Element 29 website to learn more about the Company - https://www.e29copper.com/ 
 
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Please email us with any follow up questions you have for Richard. Our email addresses are Fleck@kereport.com and Shad@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.

Roger Rosmus, Founder, CEO, & Director of Goliath Resources Ltd (TSX-V: GOT) (OTCQX: GOTRF) (FSE: B4IF), joins me for another exploration update at their Surebet Discovery on the Golddigger Property; located in the Golden Triangle of British Columbia.  We review a series of news releases from mid-August through early September which highlight more high-grade gold drill assays returned when stepping out from the Bonanza and Golden Gate Zones.   A new zone of bulk-tonnage mineralization has also been identified between those 2 larger zones.
The fully funded 2026 drill program at the Surebet is targeting ~90 planned holes and approximately 50,000 meters of systematic drilling, including 7 drill rigs targeting expansion of the known gold mineralization both laterally and at depth.  This year the team at Goliath elected to really test the geological model; focusing on big step-out drilling to expand the deposit footprint, and all holes reported thus far have encountered mineralization, significantly growing the overall deposit.
 
We started off discussing the drill holes coming back that continue to delineate high-grade gold, silver, and copper mineralization. Drill hole GD-26-436 from the Surebet Zone, intersected an extensive mineralized interval near the surface that assayed 7.38 g/t AuEq over 35.7 meters, including 19.51 g/t AuEq over 8.32 meters. This entire interval is characterized by veining, alteration, and anomalous gold grades throughout its length with multiple high-grade subintervals. It also contains several occurrences of visible gold to the naked eye (VG-NE), native silver associated with galena, sphalerite, pyrrhotite and chalcopyrite in quartz-sulphide stockwork and breccia hosted in sandstones
 
There also has been a new understanding developed, through the relogging of prior year’s drill core and examining the new core from 2026, which is defining a new area of mineralization between Bonanza and Gold Gate.  This new area was originally referred to as the Volcanic Wedge, but has been re-branded by the exploration team as the “Big Bulk zone.”  Roger outlines that in a mining scenario this lower-grade bulk tonnage mineralization would still be extracted because there would be “no gold left behind.”
 
Drill holes GD-26-425 and GD-26-462 marked the presence of the volcanic Wedge Zone (Big Bulk zone) in the western and northeastern fringes of the mineralized system, respectively. These two newly discovered mineralized areas add to these two previously discovered Zone domains (see news August 31, 2026): the first located in the south-central part of the known mineralized system and the second in the recently announced 540 meter step-out to the Southwest of the Surebet system.
 
There are approximately 900 meters of untested volcanics by the drill bit separating the domains discovered in the West and Southwest of the system that have the potential to host further mineralization part of the volcanic Big Bulk Zone.
This new Zone of mineralization is characterized by broad intervals of gold within quartz-sulphide mineralization including (VG-NE) that typically extends for 10 – 50 meters in drill core, inclusive of close to surface grades of up to 1.97 g/t AuEq over 33 meters.
 
Quartz-sulphide mineralization intersected in multiple step-out drill holes expanded the Golden Gate Zone (located within the volcanics) by an additional 160 meters to the northeast, beyond the previously reported 320-meter expansion, bringing the total 2026 expansion to 480 meters on the northeastern side and 540 meters on the southwestern side of the Surebet system for a total expansion of 1,020 meters (see news releases dated August 10 and August 11, 2026). The resulting Golden Gate mineralized footprint is 1.17 km2 , representing a 38% increase compared to 0.85 km2 defined prior to the 2026 drilling program. The Golden Gate Zone remains open for expansion and many holes drilled still have assays pending. 
 
 
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 Substack reports:
 
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.
 

Terry Lynch, CEO of Power Metallic Mines Inc. (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV1), joins us to review the key takeaways from the updated Mineral Resource Estimate and a comprehensive exploration update from their fully funded 100,000-meter drill program at the polymetallic NISK Project, located in the James Bay territory of Québec.  We also discuss all the pending drill results still at the assay lab further expanding the Lion Zone, other key regional exploration targets of interest, and the various modern technological survey approaches being deployed to guide their drill targeting.
 
On Sept. 8, Power Metallic announced an updated Mineral Resource Estimate ("MRE") for its Nisk Project (Power Metallic 80% / Critical Elements Lithium Corp. 20%) including the inaugural mineral resource for the Lion Zone and an updated mineral resource for the Nisk Main deposit.
 
Key Highlights:
 
 
On Sept. 8, Power Metallic announced an updated Mineral Resource Estimate ("MRE") for its Nisk Project (Power Metallic 80% / Critical Elements Lithium Corp. 20%), including the inaugural mineral resource for the Lion Zone and an updated mineral resource for the Nisk Main deposit.
Lion contains 4.145 Mt Indicated at 3.86% CuEq (68% Cu, 2.61 g/t Pd, 0.85 g/t Pt, 0.49 g/t Au, 12.21 g/t Ag, 0.10% Ni), plus 0.601 Mt Inferred at 4.01% CuEq (1.84% Cu, 2.86 g/t Pd, 0.59 g/t Pt, 0.41 g/t Au, 12.47 g/t Ag, 0.13% Ni).
Over 85% of resource already in Indicated status
MRE cut-off was April 19; the post-MRE cut-off deep drilling was not included
Currently 5 drill rigs are still active, as part of the ongoing 100,000 meter exploration program
Additional assays are expected back from the lab by late September
Mineralization starts at surface with ~59% of tonnes within open-pit resource
Metallurgical studies have demonstrated a >98% Cu recovery, with a 25%+ Cu concentrate
The company has ongoing workstreams building towards a Preliminary Economic Study (PEA) in H1 of 2027.
 
From here, the exploration question is how deep Lion goes and where the nickel went? Lion carries the copper and precious metals that come out of a magmatic sulphide system last; the nickel-rich sulphide that comes out first should be somewhere in the system, and the Company has not found it yet. The summer program has been aimed at the down-dip extension of the shoot, with some holes targeting hundreds of metres below the current resource. Assays on Lion Deep are expected by the end of September.
 
Terry outlines that the current drill program focused on expanding the mineralization around the Lion Zone both stepping out looking for other broad mineralized zones, and also testing at depth for the potential “Elephant Zone” feeder system to the mineralization at Lion West, Lion Deep, and the Tiger Deep zones.  Terry mentioned that there were some surprising gold intercept values encountered when testing part of Lion Deep that will get some follow-up work down the road. Additionally, new polymetallic targets are being tested in fan holes at the Hydro Fold-Hinge Zone, which will utilize borehole EM technology. 
  
Next we discussed the utilization of modern scientific approaches to exploration, building on the recent Muon Tomography program to accelerate the hunt for deeper high-grade Ni-Cu-PGE zones, look for a similar specific gravity reading as where they’ve already encountered massive sulphide mineralization. Power Metallic is also conducting an Ambient Noise Tomography (ANT) survey on the Nisk Far West target, completing a gravity survey over the Lion area, and completing a superconducting quantum magnetometer SQUIDs survey over the Lion area. These state-of-the-art techniques that will sharpen future drill targeting for the Lion Zone extensions and new discoveries across the expanded property.
 
Wrapping up Terry outlined the larger value proposition in Power Metallic with updated MRE leading to a PEA in H1 of 2027, all the additional drill results that will keep coming in for the foreseeable future, the extra optionality from the Saudi Arabian exploration initiatives, and the continued exposure to Chilean Metals.
 
 
Click here to follow the latest news from Power Metallic Mines
 
 
For more market commentary & interview summaries, subscribe to our Substack reports:
 
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 welcome back Dave Erfle, founder and editor of The Junior Miner Junky, to break down the latest technical and macroeconomic developments shaping the precious metals complex.
Key Technical Retracement Levels: Critical support zones across gold, silver, GDX, and GDXJ to watch this week on a closing basis to determine whether this pullback remains a standard, healthy consolidation.
Miners Showing Relative Strength: Why gold and silver equities are behaving differently compared to past corrections, outperforming the underlying metals as producers defend massive operating margins and attempt a multi-year base breakout.
Bond Market Volatility and Rate Cycles: How spiking yields on global benchmark bonds and mounting sovereign debt pressures are influencing investor positioning, alongside historical evidence of how gold performs during aggressive rate-hiking regimes.
Sector Rotation and Capital Flight: Evidence of institutional money shifting away from traditional sovereign debt into monetary metals, and how central bank reserve trends are spilling into major equity leadership.
Junior Mining Strategy and M&A Catalysts: The widening performance gap between early-stage explorers and advanced developers, well-funded treasury runways, and why upcoming industry gatherings in Colorado could spark the next wave of corporate transactions.
 
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.

In this Company Update, we sit down with Bob Archer, President and CEO of Pinnacle Silver and Gold (TSX-V: PINN, OTCQB: PSGCF, Frankfurt: P9J), to review recent high-grade underground drill results from the El Potrero Project in Mexico and discuss upcoming exploration milestones.
High-Grade Drill Highlights: An overview of recent assays from the Pinos Cuatas mine, including standout intercepts from Hole 68: 6.19 g/t Au and 90 g/t Ag over a core length of 10.89 metres including 58.2 g/t Au and 631 g/t Ag over 0.41 metres.
Vein Continuity and Stope Planning: How targeted underground drilling confirms continuity along strike and up-dip, helping the technical team outline material for future mine planning.
Expanding Beyond Historical Workings: Insights into how the latest drill holes continue to expand mineralization well past the historical footprints of the underground workings.
Transition to Surface Drilling: Details on the ongoing current underground campaign and the operational setup for an upcoming 5,000-meter surface drill program across multiple vein targets.
 
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 
 
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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.

In this Daily Editorial, I am joined by Craig Hemke, Founder and Editor of TF Metals Report, to analyze the shifting macro landscape, key central bank catalysts, and the latest technical action in the gold and silver markets.
FOMC Expectations and the Yield Curve: A look into shifting market expectations for Wednesday’s Fed decision, how the bond market has moved ahead of policy makers, and what the latest Summary of Economic Projections could mean for market direction.
Geopolitical Escalation and Energy Shocks: How widening conflict and major Middle Eastern pipeline infrastructure damage are supporting crude oil prices and altering the inflation narrative.
Precious Metals Price Consolidation: Why the pullback from the August highs resembles a healthy, multi-month base-building process rather than the start of a deep breakdown.
Plunging COMEX Open Interest: The structural impact of near-record low open interest and changing exchange margin rules, leaving thin order books that create volatile air pockets in both directions.
Gold Versus Silver Performance: Technical divergence across the metals space as gold maintains relative strength near major moving averages while silver works through an extended technical digestive phase.
 
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.

In this Company Update, we welcome Alistair Waddell, President and CEO of Inflection Resources (CSE: AUCU, OTCQB: AUCUF), to provide an exploration update from the Trangie Project and across the company's copper-gold portfolio in Australia. Alistair breaks down the air-core drilling program nearing completion at the Trangie Project in New South Wales under the exploration agreement with AngloGold Ashanti, followed by geophysical progress and drill planning at the 100%-owned Endurance Project in the Northern Territory.
Trangie Project Exploration Strategy: The methodology and objectives behind the ongoing 92-hole, over 16,000-meter air-core program through cover, and when the market can expect the full batch of assay results.
Geochemical Vectoring and District Potential: How multi-element assaying and alteration footprints are being used to map prospective alkalic porphyry clusters analogous to the nearby Northparkes deposit.
Target Definition at the Endurance Project: Recent gravity and induced polarization survey results over the Big Eye and Barrel Eye anomalies, paving the way for maiden scout drilling of large-scale IOCG targets.
Non-Dilutive Capital and Project Generation: How co-funding grants from the Northern Territory government support ground geophysics, alongside the broader prospect generator strategy and ongoing technical work.
 
If you have any follow up questions for Alistair please email us at Fleck@kereport.com and Shad@kereport.com. 
 
Click here to visit the Inflection Resources website to learn more about the Company - https://inflectionresources.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.

Keith Bodnarchuk, President and CEO of Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) (FSE: SSKU), joins me to review the 6,700+ meter 13-hole summer drill program along the Cyclone Trend at the Company’s Murphy Lake North (“MLN”) project.  We also discuss the upcoming drill mobilization for their Darby Project, and for the Aurora Project in the near future.
 
Murphy Lake North and Darby are both joint venture projects between Cosa and Denison Mines Corp. (TSX: DML) (NYSE American: DNN). Cosa is the project operator and holds a 70% interest with Denison holding a 30% interest on both properties. MLN is located three kilometres east of IsoEnergy’s Hurricane deposit, in the eastern Athabasca Basin, Saskatchewan, and was the focus of this summer program’s drill results.
 
Highlights
 
Multiple zones of structurally controlled alteration and elevated radioactivity remain open along strike for several hundred meters and on multiple sections
Drilling evaluated multiple structures over 650 metres of strike length with all 13 drill holes intersecting strong structure and/or alteration
Summer 2026 drilling prioritized unconformity targets with significant room for basement-hosted mineralization remaining
With $16 million in the treasury, Cosa remains fully funded for a significant follow up drilling campaign
 
The 13-hole, 6,752 metre drill program followed up winter results at the Cyclone trend highlighted by 5.0 metres averaging 0.55% U3O8 (308.5-313.5 metres) in MLN26-013 including a 0.5 metre subinterval of 1.70% U3O8 (310.5-311.0 metres). Summer drilling targeted the Cyclone trend over a 650-metre strike length extending 400 metres west and 250 metres east of MLN26-013.  All 13 summer drill holes intersected moderate to strong alteration and/or structure, and several drill holes intersected intervals of elevated radioactivity.
Drilling identified two prominent faults, the N- and S-faults, which are generally located along the northern and southern edges of the Cyclone graphitic basement unit. The N-fault is the most prominent basement structure intersected on the project and hosts the zone of strong basement alteration intersected by winter 2026 drill hole MLN26-017. 
 
Next Steps:
 
With C$16 million the treasury, the Company remains well-funded for a significant follow up winter campaign at Murphy Lake North. Immediate follow up targets include the uranium pathfinder element enriched basement alteration zone intersected by MLN26-017 and MLN26-020C1, the S-fault, and the strike extensions of the N-fault.
Additionally, the Company expects to announce commencement of drilling at the Darby and Aurora projects in the coming days.
 
 
If you have any questions for Keith or Andy regarding Cosa Resources then please email them into me at Shad@kereport.com
 
* In full disclosure, Shad is a shareholder of Cosa 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 Cosa Resources
 
 
For more market commentary & interview summaries, subscribe to our Substack reports:
 
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.