The KE Report

On this Weekend Show, we explore the market’s stunning rebound with two seasoned traders - Rick Bensignor and Joel Elconin. From U.S. equities and global capital flows to gold, bonds, and natural gas, both guests provide a wide-angle look at why markets may be entering a pause phase, and what could come next.
 
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!
Also check out our Substack where we email you summaries of Daily Editorials and the Weekend Show! Click here to check it out.
 
Segment 1 & 2 - Rick Bensignor, President of Bensignor Investment Strategies and publisher of the Tactical Trader Report and Daily Tips Sheet, kicks off the show sharing his outlook on U.S. markets, interest rates, and key commodities. He explains why current equity levels may be a high-risk entry point, discusses sector momentum shifts, global market divergence, and highlights the importance of countertrend signals in gold, bonds, and energy markets.
Click here to visit the In The Know Trader website.
 
Segment 4 - Joel Elconin, co-host of the PreMarket Prep Show and founder of the Stock Trader Network, wraps up the show discussing the current “silver lining” market sentiment driven by cooling inflation, resilient earnings, and a risk-on retail trading environment. He also shares insights on institutional moves from recent 13F filings, commodity rotation, and Bitcoin's technical levels, emphasizing how under-invested fund managers are fueling the rebound across equities and global markets.
Click here to visit Joel’s PreMarket Prep website.
 

Charles Funk, President and CEO of Heliostar Metals (TSX.V:HSTR - OTCQX:HSTXF - FRA: RGG1), returns to the KE Report to discuss the latest drill results from the La Colorada Mine, Q1 production performance, and what’s next for the company’s growth strategy.
 
The May 15th drill results from the 16,000+ meter program at La Colorada included a highlight intercept of 56m at 2.88 g/t gold, supporting both near-term open-pit expansion and longer-term underground potential. Charles outlines how the company has rapidly transitioned La Colorada from care-and-maintenance to a 6.5-year mine life, with a mid-year technical report coming.
 
The conversation also covers:
Strong Q1 cash generation: Ended Q1 with $27 million in the bank, no debt, with ~$13 million from operations alone
Lower-than-expected Q1 costs
Development timelines and cash flow projections to help self-fund the Ana Paula build in 2028
Updates on the 15,000-meter drill program at Ana Paula, with results expected by mid-year
 
Charles emphasizes that current operations are performing ahead of schedule and under budget, while upcoming catalysts from both La Colorada and Ana Paula.
 
Please email me at Fleck@kereport.com with any follow up questions for Charles. 
 
Click here to visit the Heliostar Metals website to learn more about the Company.

Red Canyon Resources (CSE:REDC - OTCQB:REDRF) is advancing a portfolio of 8 100%-owned copper and copper-gold projects across British Columbia and the Western U.S.
 
Wendell Zerb, Chairman and CEO of Red Canyon Resources, returns for a full company update and strategic overview. With active field programs underway and recent discoveries showing promise, Wendell outlines how the company is targeting tier-one copper systems in proven belts across North America.
 
Interview Highlights:
Corporate Strategy: Red Canyon is focused on making large-scale discoveries with a technically strong team operating under the NewQuest Capital Group umbrella.
Key Projects:
Kendall Project (BC): First-ever drilling hit copper-moly-gold mineralization in all holes. A 2,500m drill program is planned this year to vector into potential high-grade zones.
Inzana Project (BC): Historic drilling from 1991 intersected strong copper-gold values; further groundwork and potential drilling are planned for late 2025 or early 2026.
Scraper Springs (Nevada): A large alteration footprint and geophysical data support a tier-one copper target. The project is drill-ready and being evaluated for a possible partner-funded program.
Market Outlook: Wendell shares his view on the disconnect between strong copper prices and the lack of investor flow into juniors, arguing that M&A activity and major producer strength will eventually trickle down.
For more information, visit Red Canyon Resources Website

District Metals (TSX.V:DMX - OTCQB:DMXCF - Nasdaq First North:DMXSE SDB) has secured its largest financing to date - a fully subscribed $6 million private placement, priced at $0.27 per share under the LIFE (Listed Issuer Financing Exemption) offering.
 
President and CEO Garrett Ainsworth joins me to provide insights into the raise, investor interest, and how this funding strengthens District’s position heading into a critical phase of uranium exploration in Sweden.
 
Key topics discussed include:
The strategic nature of the raise, with ~$3M coming from a well-known but undisclosed investor group and the rest from Swedish family offices and funds.
The financing’s objective to expand the Nasdaq shareholder base and support near-term exploration across five Swedish uranium properties.
Details on upcoming airborne geophysical and radiometric surveys, and the news flow expected this summer.
Commentary on the pending judicial review and September vote to lift Sweden’s uranium moratorium.
Market reaction and strong demand: the financing was oversubscribed with $9M in interest and no warrants attached.
Recap of the recent Viken resource estimate, the second-largest uranium resource globally.
Upcoming catalyst: Judicial review of uranium moratorium legislation expected in May; Swedish Parliament vote in September 2025, airborne geophysics on the uranium projects. 
Click here to visit the District Metals Website

A strategic pivot expands Exploits Discovery’s footprint into Ontario, while exploration and discovery efforts continue in Newfoundland.
 
In this company update, we reconnect with Jeff Swinoga, President and CEO of Exploits Discovery (CSE:NFLD - OCTQB:NFLDF - FSE:634), to discuss a major new development: the company’s option agreement on the Hawkins Gold Project in Ontario, including the McKinnon Zone, which hosts a historic over 328,000 oz gold resource, published by another company in 2020. 
 
Jeff outlines the significance of this deal, including:
The potential to grow the McKinnon Zone to 1Moz+ through targeted drilling at depth and along strike.
How the Hawkins Project’s geological similarities to the Hemlo deposit and its 60 km strike length present long-term growth opportunities.
The strategy behind balancing this new Ontario asset with ongoing work at the Bullseye and Gazeebow South projects in Newfoundland - including follow-up on two gold zones at Bullseye and promising till sample results at Gazeebow.
Jeff also discusses how the company is leveraging its strong cash position and technical review process to evaluate other growth assets and continue to advance the projects in Newfoundland and Ontario.
 
Visit Exploits Discovery's website: https://exploitsdiscovery.com
Questions for Jeff? Email: fleck@kereport.com

Morgan Lekstrom, CEO of Premium Resources (TSX.V:PREM), outlines how the company is unlocking value from two past-producing, high-grade critical metal assets in Botswana.
 
In this KE Report company introduction, we feature Premium Resources as it advances the Selkirk open-pit and Selebi underground Projects, both with a history of production. 
 
Morgan highlights why Botswana is a top-tier jurisdiction for mining, detailing the company’s aggressive strategy to scale up both assets through expansion drilling, re-assays, metallurgy, and parallel economic studies.
 
The Selebi Project hosts 30Mt @ 3.35% CuEq underground, while Selkirk is undergoing a low-cost re-assay campaign aimed at validating a historic 130Mt+ resource. 
 
With over $46M recently raised and debt eliminated via equity conversion with major shareholder EdgePoint, Premium is fully funded to aggressively advance both projects in tandem.
 
Morgan also discusses the company’s upcoming uplisting to the Nasdaq, a key strategic move to broaden institutional access and increase liquidity. He introduces members of the team and board, including recent additions with experience at BlackRock, Gatos Silver, and Freeport-McMoRan.
 
Upcoming news flow includes drilling, resource updates, metallurgical work, and early-stage economics through 2025.
 
Any follow up questions for Morgan? Please comment below or email me directly at Fleck@kereport.com. 
 
Click here to visit the Premium Resources website.

Jon Ward, CEO of Corcel Exploration (CSE:CRCL), joins me to introduce this new exploration company focused on the historic Yuma King Copper-Gold Project in La Paz County, Arizona. The project spans 3,200 hectares with 515 BLM claims and excellent infrastructure access, just 150 km from Phoenix.
 
Key discussion points include:
Project history and past production: Yuma King produced ~8,600 tonnes at 2.3% Cu in the mid-20th century.
Recent exploration work: A first-ever systematic surface program in December 2024 included ~2,300 soil samples and 303 rock chip samples, returning grades up to 11.6% copper and 17.15 g/t gold.
Option terms: Corcel holds a lease-to-own agreement with Merrill Palmer, with annual payments and a final buyout in year six.
Upcoming work: A property-wide drone mag survey is planned for May, with drill targeting and permitting expected by Q3/Q4 2025.
Leadership and technical backing: Backed by Inventa Capital and geologists like Jesus Velador, with access to capital and discovery-focused expertise.
Share structure: ~47.3M shares outstanding, $9M market cap, and supportive cornerstone shareholders from the Inventa Capital group.
 
Any follow up questions for Jon? Comment below or email at Fleck@kereport.com
Click here to visit the Corcel Exploration website to learn more about the Company.

Dave Erfle, founder and editor of The Junior Miner Junky, joins me to break down the latest moves in the precious metals markets and what they could mean for investors.
 
We begin with Monday’s sharp correction in gold and major mining stocks, driven by trade deal optimism between the U.S. and China. Dave explains why silver held up surprisingly well and what the resilience in juniors might signal about sector rotation.
 
Key topics include:
A closer look at Pan American Silver's $2.1B acquisition of MAG Silver - one of the biggest silver M&A deals in years.
The disconnect between strong ETF gold inflows and weak fund flows into GDX and senior miners.
How Newmont's Q1 free cash flow surge and broad-based earnings strength are attracting generalist investors.
Why a potential 15% gold price correction to $2,950-$3,000 could be healthy for the ongoing bull market.
Outlook for continued silver M&A, with majors hunting for growth through acquisition.
We also touch on the macro backdrop, including the latest CPI data and the stagflation risk narrative building in U.S. markets. Dave highlights what he’s watching next, and why juniors with strong bases could be the next big winners in this cycle.
 
Click here to visit the Junior Miner Junky website to learn more about Dave’s investment letter. 

Jim Tassoni, CEO of Armor Wealth Strategies, joins me for his monthly market insights, focusing on short to mid-term momentum trading strategies.
 
We begin by revisiting the gold trade, where Jim explains how he capitalized on the rally up to $3,500 before rotating from the metal into GDX. While the gold trade proved successful, miners have yet to deliver. Jim outlines the technical levels he's watching for GDX and shares how sentiment among clients is rising sharply for gold, potentially signaling a shift in long-term allocations.
 
The conversation then broadens to the U.S. equity markets. Although his short at SPY $550 initially worked, he was stopped out on the reversal. He now takes a more cautious stance, waiting for a breakout above SPY $600 to re-engage.
 
We also cover:
Sector outlooks: Tech surging, healthcare struggling, financials breaking out
Oil breakdown: Why Jim has favored short positions and the key resistance to watch
U.S. dollar bounce: A contrarian long trade off April lows targeting DXY 104–105
Reduced position sizing: With momentum fading, Jim is sitting on more cash and focusing on selective entries
 
For ongoing updates from Jim Tassoni, click here.

Keith Bodnarchuk, President and CEO of Cosa Resources Corp (TSX-V: COSA) (OTCQB: COSAF), joins us to review the news released on April 30th, 2025 announce that airborne geophysical surveying has commenced at the Astro Uranium Project.  We also discuss the upcoming summer drilling planned at the high-priority Murphy Lake North JV Project in the Athabasca Basin of Saskatchewan.
 
The geophysical survey work is being fully funded by Cosa's partner company, Global Uranium Corporation as per the option agreement, which gives Global the right to earn up to an 80% interest in the Astro project over five exploration stages.  Keith discusses this project’s proximity to their Ursa Uranium Project, which the Company did a lot of work on last year, and he reviews the prolific uranium mineralization trend this is part of.
 
Next we shifted over to the upcoming summer drilling at the Murphy Lake North Uranium Project, following up on the 4 holes drilled in the winter program.  Murphy Lake North contains up to 2 kilometres strike length of the extension of geology underpinning the Hurricane deposit. Murphy Lake North is a joint venture between Cosa and Denison Mines Corp. (TSX: DML) (NYSE American: DNN) and is located in the eastern Athabasca Basin, Saskatchewan. The other high priority target in the joint venture is the Darby Project. Cosa is the project operator and holds a 70% interest with Denison holding a 30% interest.
 
If you have any questions for Keith regarding Cosa Resources, then please email them in to me at Shad@kereport.com.
 
 
Click here to follow the most recent news from Cosa Resources