The KE Report

Sitka Gold - Strong Start to Summer Drilling at RC Gold with High-Grade Hit at Blackjack, 211.2 Metres of 1.13 g/t Gold Including 73.2 Metres of 2.05 g/t Gold

Mike Burke, Director and VP of Corporate Development, returns to provide an exploration update from the ongoing 30,000-meter drill program at the RC Gold Project in the Yukon’s Tombstone Gold Belt.
Key Theme: Sitka hits 211m of 1.13 g/t Au, including 73m of 2.04 g/t Au, at the Blackjack Deposit – the first hole of its summer drill program.
 
Discussion Highlights:
Summer Drill Results Begin: Hole 77 delivers strong results from the Blackjack Zone, validating expansion potential with broad and higher-grade intercepts.
3-Zone Strategy: Sitka is advancing drilling across Blackjack, Saddle, and Eiger zones - 15,000m allocated - plus targeting Rhosgobel with 10,000m.
Deep Expansion Potential: Winter Hole 76 extended deeper into mineralization; Sitka is building out an underground model to complement near-surface ounces.
Early Assay Progress: Over 10,000m drilled across 23 holes - completed ahead of schedule and under budget. Company has the flexibility and cash to expand beyond 30,000m.
Rhosgobel Discovery: First three holes in this year’s program show visible gold, following last year’s 119m of 1.05 g/t Au in first-ever diamond drilling at this target.
Lab Turnaround & Yukon Activity: Assay delays are building as multiple companies ramp up big programs, but Sitka uses visible gold to guide ongoing drilling.
 
If you have any follow up questions for Mike please email me at Fleck@kereport.com. 
Click here visit the Sitka Gold website to learn more about the Company.

Joel Elconin - Navigating a “Goldilocks” Market as Geopolitical Risks and Commodity Prices Rise

Markets continue to defy expectations, and even war headlines, as the S&P 500 flirts with all-time highs and commodity prices climb. In this interview, Joel Elconin, Co-Host of the PreMarket Prep Show and Co-Founder of the Stock Trader Network, returns to share his insights into what’s driving this resilient "Goldilocks" market.
 
Key topics discussed include:
Why Joel calls this a “crazy” market: S&P rallies despite US missile strikes, geopolitical tensions, and mixed economic data.
The Fed’s indecision and macro ‘nothing-burger’: Markets appear unbothered by mild inflation, slightly higher unemployment, and a divided Fed.
Commodity breakout: Copper above $5, surging platinum, silver, and industrial metals hint at underlying growth and demand strength.
US Dollar weakness: Down over 10% YTD, fueling both equity and commodity rallies while helping exports.
Upcoming catalysts - or threats?: China, Iran, and Middle East escalation loom as the main wildcard risks.
Joel’s technical take: What the S&P cash index is telling him heading into quarter-end and what levels matter most now.
 
Click here to visit Joel’s PreMarket Prep website.
Click here to visit the Stock Trader Network.

Sean Brodrick – Macroeconomic Outlook, and Why He Is Holding Off Adding To Positions In Gold, Silver, and Copper Stocks, But Has Been Adding More Oil and Rare Earths Stocks

Sean Brodrick, Editor of Wealth Megatrends and contributing analyst to Weiss Ratings Daily, joins us to review the macroeconomic market movers he is watching and he outlines why he is still bullish but holding off on adding to positions in gold, silver, and copper stocks, but that he has been adding to positions in dividend-paying oil stocks and rare earth stocks.
 
We start off looking at the financial macroeconomic factors coming back into focus this week and moving forward, now that some of the recent noise from geopolitics has faded back down.  He is not convinced in that the tariff implications are behind us, but believes the market is largely shrugging off the pause coming off of the reciprocal tariffs, and that it is likely that many of them just get pushed off further into the distance. He believes the large upcoming tax and spending bill in the US is going to mean more debt and deficits, which is a negative longer-term, but that the tax cuts are seen as a market boon because they will allow citizens to hang onto more of their own money, and thus those excess funds will find their way into the stocks markets.  Sean notes the continued weakness we’ve in the US long bond, US dollar, and business guidance through year end.
 
We discussed the fact that the gold price had surged higher in April, well before the geopolitical conflict even began between Iran and Israel, so there wasn’t really any war premium to come out of the PMs, despite those recent narratives being spun. Sean noted that after seeing gold channeling sideways the last couple of months at historically very high levels, that it needed to rest. In a similar sense, after Silver broke up through long-term $35 resistance, and got up to hit $37 briefly, that it made sense for it to pull back down and retest the area of the breakout, and that this is healthy overall.
 
With regards to the precious metals equities, Sean is mostly holding onto the names that he and his subscribers have purchased over the last few months, but did sell his Equinox Gold Corp.(TSX: EQX) (NYSE American: EQX) position a few weeks back to free up some funds to be able to rotate down into more gold developers and silver stocks once he believes this current pullback has bottomed.
 
Next we shifted over to the steadily climbing copper price, noting that we’ve actually seen some life in the copper junior stocks, where (COPJ) has been outperforming (COPX) or (ICOP).   While he agreed this move higher in copper and the copper equities has been positive, and based on strong fundamental drivers, he’s not that animated by investing in the copper juniors, and hasn’t traditionally fared well in them.
 
Wrapping up, Sean did mention that he has been animated accumulating the better run intermediate oil stocks that pay good dividends even at current WTI oil prices, and specifically mentioned Granite Ridge Resources, Inc. (NYSE: GRNT) as an example of the type of oil stock that has his attention.   We also discussed why he is bullish on rare earth stocks that have exposure to downstream processing and separation, and he highlighted why he likes MP Materials Corp. (NYSE: MP).
 
Click here to follow along with Sean’s work at Weiss Ratings Daily and Wealth Megatrends
 
Click here to learn more about Resource Trader

Valkea Resources - $4.1Mil Strategic Financing With Multiple Strategics, Summer Drilling Coming Up

In this KE Report company update, we’re joined by Chris Donaldson, President and CEO of Valkea Resources (TSX.V:OZ - OTCQB:OZBKF - FSE:S600), to discuss the $4.1 million upsized financing closed on June 25th and how it positions the company for its next exploration phase in Finland.
Originally targeting $3 million, Valkea attracted major strategic investors including:
Michael Gentile (9.9%) - Now a strategic advisor, known for supporting high-conviction resource plays
Primevest Capital Corp. (9.9%) - Led by experienced commodities investor Ryaz Shariff
Chris outlines how this capital will support a summer drill program at the Paana Project, targeting gold zones already showing strong mineralization and situated next to major players like Agnico Eagle, Rupert Resources, and B2Gold.
Interview highlights:
Breakdown of the financing structure and investor interest
Drill strategy focused on the Koivu and Honka zones with follow-up on prior hits
Plans for base-of-till drilling and potential resource expansion
Updates on JV progress with Rupert Resources and valuation potential across the Lapland portfolio
Any follow up questions for Chris can be emailed to me directly at Fleck@kereport.com. 
 
Click here to visit the Valkea Resources website to learn more about the Company.

Founders Metals - Mid-Year Exploration Update, Antino Project: High-Grade Discovery at Maria Geralda, Expanding Lower Antino, 60,000 Meter Program Continues

In this interview, we welcome back Colin Padget, President and CEO of Founders Metals (TSX.V: FDR - OTC: FDMIF - Frankfurt: 9DL0), to recap a major two-day news release cycle. On June 23rd, the company released a comprehensive mid-year exploration update, followed by the June 24th announcement of a new high-grade gold discovery at the Maria Geralda target.
 
Key topics discussed:
Maria Geralda Discovery: A new zone with little to no historic work, now delivering 22.5m of 11.94 g/t Au. Colin explains how this fits into the broader structural trend between Lower Antino and Van Gogh.
Follow-Up Plans at Maria Geralda: Initial three-hole drill program shows strong results, with more trenching, surface auger work, and step-back drilling planned.
Lower Antino Update: A potential bulk-tonnage zone showing consistent gold mineralization with room to grow. Colin discusses how this could enhance project economics by providing future mill feed.
Lawa and Eastside Targets: Early-stage targets like Lawa, Van Gogh, Da Vinci, and Parbo show scale potential with widespread gold-bearing structures; surface work and drilling are ongoing or planned.
Strategic Prioritization: The company is building around Upper Antino as the “center of gravity,” balancing high-grade hits with bulk-tonnage zones.
Next Catalysts: Multiple rigs active with at least 60,000 meters planned for the year. Colin outlines where drilling is currently focused and when the next assay results are expected.
If you have any follow up questions or topic you would like Colin to address please email us at Fleck@kereport.com ort Shad@kereport.com. 
Click here to visit the Founders Metals website.

Nick Hodge – Making Sense Of The Macro Market Movers, And Bullish Outlook On Select Oil, Copper, Nuclear, Uranium, and Rare Earth Stocks

Nick Hodge, Co-Owner of Digest Publishing and editor of Foundational Profits and Hodge Family Office, joins us for a longer-format discussion on and the macro and micro themes that are continuing to create volatility in the general equities, bonds, and commodities market, and how he has been using these moves to position in oil, copper, nuclear, uranium, and rare earths stocks.
 
We start off reviewing themes touched upon in our prior discussion where Nick reiterated his stance that general US equity markets would rebound, and that we are not seeing macroeconomic data that is signaling a dive into an immediate recession or depression.  He outlines how there has been improved GDP estimates for Q2 over Q1 and expects that trend to continue.  We’ve seen inflation ticking up modestly on the back of stronger commodities prices and when that has been paired with the outperformance of the industrials sector, these foreshadow more economic expansion and growth on tap for later in this year, albeit, after a potential summer slowdown.  We talk how the markets so overreacted in the tariff tantrums a couple of months ago, and that despite the pause in the reciprocal tariffs coming off in 2 weeks, that the market is not being as reactionary and has had steady progress to the upside.  
 
Nick remains bullish on oil & gas, copper, nuclear, uranium, and rare earth stocks because is anticipated a continued reflationary trade across the commodities complex.  for fundamental reasons as well as recent pricing strength momentum.  He noted again playing domestic copper and base metals production through companies like Freeport-McMoRan Inc. (NYSE: FCX); he was also active last year and early this year putting capital to work in junior copper exploration companies.
 
Shifting over to all the macro tailwinds in the nuclear and uranium sector, we discuss the 4 new Trump administration executive orders on the nuclear industry, the new reactor builds announced in New York, Great Britain, the capital being raised by SMR companies including Bill Gates TerraPower, and the further announcements from large technology companies like Meta that is going to partner with Constellation to source more nuclear power to fuel their digital futures.  Nick outlines that while small modular reactor stocks like NuScale Power Corporation (NYSE: SMR), Nano Nuclear Energy Inc (NYSE: NNE), and Oklo Inc (NYSE: OKLO) have surged, that he believes it will be the companies that can supply the market with the necessary nuclear fuel, uranium, that he is most constructive on for future value appreciation. 
 
He mentioned using the sector pullback a couple of months back to add to his position in the junior uranium mining ETF (URNJ) and that he is maintaining positions in Energy Fuels Inc. (TSX: EFR) (NYSE American: UUUU) and Denison Mines Corp. (TSX: DML) (NYSE American: DNN), while researching companies like IsoEnergy Ltd. (NYSE American: ISOU) (TSX: ISO) and Homeland Uranium Corp. (TSXV: HLU) (OTCQB: HLUCF) as domestic North American companies that can benefit from the coming price response to the clear supply/demand imbalances in the market.
 
The discussion on Energy Fuels, also brings in their exposure to producing rare earths, and how this is still a part of the commodities sector that he remains bullish on moving forward.  Nick reminds listeners of one of the ways he has been playing rare earths recycling through a position in CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF), and how this position has been performing quite well over the last few months.
 
Click here to follow Nick’s analysis and publications over at Digest Publishing

Goliath Resources – Largest Ever Drill Program Expanded To 60,000 Meters, First Assay From The Relogging Of Previously Drilled Core Returned High-Grade Gold

Roger Rosmus, Founder, CEO, & Director of Goliath Resources (TSX.V: GOT) (OTCQB: GOTRF), joins me to review the news out today on June 25th  that announced the Company had increased its largest drill program to date, now totaling 60,000 meters with 9 rigs, that is 100% focused on the extensive Surebet high-grade gold discovery on the Golddigger Property located in the Golden Triangle of British Columbia. 
 
The increase to this year’s exploration focus is in light of the newly discovered widespread abundant visible gold seen with the naked eye in multiple reduced intrusion related gold (RIRG) dykes, as well as in the calc-silicate altered breccia during the re-logging initiative of core drilled between 2021 – 2024 that significantly expands the area of strong gold potential. We discussed that the bigger drill program is also focused on following up on the positive results from the 2024 drill season, that tapped into even more higher-grade sheer zones at depth, and which has greatly improved the understanding of this large mineralized system that remains open for expansion in all directions.
 
Over the last 2 months the exploration team went through the process of relogging prior year’s drill core, based on the conclusions from the Colorado School Of Mines geological study which confirmed a common causative Reduced Intrusion Related Gold (RIRG) source at the Surebet discovery. On June 23rd, the Company announced Drill hole GD-22-64, which assayed 6.31 g/t AuEq Over 14.35 meters, including 11.36 g/t AuEq Over 7.85 meters from a gold-rich intrusive feeder dyke and this was the first result of 75 drill holes relogged, many of which contain gold visible to the naked eye over broad intervals identified in 2025 so far.
 
 Armed with this understanding that dykes found on the Project have the potential to be mineralized with this intrusive style of gold, this changes how to interpret prior drilling, and how to move forward now drilling through those dykes into other mineralized horizons instead of avoiding them. Roger highlights the tremendous untapped discovery potential at the Golddigger Project in the Golden Triangle of British Columbia.
 
Wrapping up we discussed the news released on June 18th, which announced that in addition to the bought deal financing that closed earlier in the month of 7,256,500 common shares of the Company at a price of C$3.17 per Charity Flow-Through Share for gross proceeds of C$23,003,103, that it has also closed a concurrent non-brokered financing of 1,281,545 Charity Flow-Through Shares priced at C$3.17 for gross proceeds of C$4,062,500 for a combined total of C$27,065,605 raised for the Company.
 
 
If you have any questions for Roger about Goliath Resources, then please email me at Shad@kereport.com and then we’ll get those answered or covered in a future interviews.
 
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

Dave Erfle - War Premium Fades What’s Next For Gold, GDX, Silver & Q2 Setups

Dave Erfle, founder and editor of Junior Miner Junky, joins us for a discussion on the precious metals sector amid intense geopolitical volatility and Q2 market positioning.
 
Oil prices spiked and reversed sharply on Middle East tensions, but gold remained impressively resilient near all-time highs. Dave shares his technical outlook on gold, silver, and the miners (GDX & GDXJ), along with insights on broader market sentiment as Q2 comes to a close.
 
Key themes covered:
How markets are pricing in the war premium in oil and gold
Gold holding strong above $3,300 with limited geopolitical spikes
GDX and GDXJ gap fills and why buyers stepped in fast
Silver’s breakout retest and the importance of the $35 level
Why Newmont’s leadership could signal growing generalist interest
Looking ahead to Q2 earnings: are bullish surprises still possible?
Click here to visit the Junior Miner Junky website to learn more about Dave’s investment letter.

Dave Erfle - War Premium Fades What’s Next For Gold, GDX, Silver & Q2 Setups

Dave Erfle, founder and editor of Junior Miner Junky, joins us for a discussion on the precious metals sector amid intense geopolitical volatility and Q2 market positioning.
 
Oil prices spiked and reversed sharply on Middle East tensions, but gold remained impressively resilient near all-time highs. Dave shares his technical outlook on gold, silver, and the miners (GDX & GDXJ), along with insights on broader market sentiment as Q2 comes to a close.
 
Key themes covered:
How markets are pricing in the war premium in oil and gold
Gold holding strong above $3,300 with limited geopolitical spikes
GDX and GDXJ gap fills and why buyers stepped in fast
Silver’s breakout retest and the importance of the $35 level
Why Newmont’s leadership could signal growing generalist interest
Looking ahead to Q2 earnings: are bullish surprises still possible?
Click here to visit the Junior Miner Junky website to learn more about Dave’s investment letter. 

Darrell Fletcher - Commodity Market Insights: Energy, Copper, and Precious Metals Trends

In this KE Report daily editorial, I’m joined by Darrell Fletcher, Managing Director of Commodities at Bannockburn Capital Markets, who provides a trading desk perspective on the latest price action, positioning, and macro signals across the energy, copper, and precious metals markets.
- Energy volatility dominates June - from geopolitical spikes to bearish fundamentals.- Copper holds firm above $4 with physical market dislocations and tariff pricing.- Gold consolidates near record highs as silver plays catch-up.
Key Discussion Highlights:
Energy Markets: Oil spiked on Middle East tensions but quickly reversed on news of a ceasefire. Darrell highlights that despite short-term risk premiums, the WTI forward curve remains anchored around $62, reflecting ongoing bearish fundamentals like rising global inventories and weakening demand. US rig counts are at multi-year lows, but no supply shock is expected yet.
Natural Gas: A short-lived surge on heatwave-driven demand brought prices above $4, but markets have now converged back toward $3.50. Darrell notes a balanced setup, supported by increasing LNG flows and long-term support from Calendar 2026 pricing around $4.40.
Copper: The metal continues to trade strongly just below $5/lb. Physical flows into COMEX are pushing spreads higher, with LME inventories falling and tariff expectations leading to a 10-15% price premium. Large copper miners like Freeport and BHP are rebounding, but still lag copper’s year-to-date performance.
Precious Metals: Gold is flat for the month but remains near record highs, while silver is up 7% in June and closing the performance gap. Darrell maintains a bullish view on gold due to debt concerns, a weakening USD, and potential Fed rate cuts. Silver, while less of a pure monetary asset, shows strong industrial demand and momentum.
US Dollar & Macro Impact: A falling USD (down ~10% YTD) is generally supportive of commodities, but Darrell points out the correlation is looser than in the past. He sees continued pressure on the greenback from fiscal concerns and rate cut expectations.