The KE Report

District Metals - Trading On The Nasdaq First Growth Market, Acquire 2% NSR Royalty On Viken Deposit, Swedish Uranium Moratorium Update

Garrett Ainsworth, President and CEO of District Metals (TSX.V:DMX - OTCQB:DMXCF - FRA: DFPP) joins me to discuss the Company’s recent listing on the Nasdaq First North Growth Market in Sweden, which began trading on January 23rd, and the acquisition of a royalty on the Viken Deposit. 
 
Garrett explains the uniqueness of District Metals being one of the few mining companies listed on this Swedish market and discusses strategic steps for marketing and building company presence in Sweden. He also shares details on the trading volume and valuation gap between the TSX.V listing.  
 
The episode also covers the Company's acquisition of a 2 percent NSR royalty on the Viken Energy Metals Deposit, emphasizing the importance of having no royalties to maximize project value. 
 
Additionally, Ainsworth provides an update on the potential lifting of Sweden's uranium moratorium, detailing the consultation process and the proposed timeline for legislative changes. He underlines how this legislative shift could significantly impact District Metals' five uranium polymetallic projects in Sweden.
 
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.

Scottie Resources – Final Batch Of Assays At The Blueberry Contact Zone Return Intercepts Of 7.0 g/t Gold Over 14.40 Meters and 14.66 g/t Gold Over 4.00 Meters

Brad Rourke, President and CEO of Scottie Resources (TSX.V:SCOT – OTCQB:SCTSF), joins me to review the final batch of high-grade gold assay results at the Blueberry Contact Zone from last year’s 10,270 meter drill program at the Scottie Gold Mine Project, located in the Golden Triangle of British Columbia.  We also discuss the larger Company strategy of consolidating much of the prior drilling to date along with this year’s drilling all building towards a Maiden Resource Estimate that is targeted to be out to the market next month.
 
Blueberry Contact drillhole SR24-357 intersected 7.00 grams per tonne (g/t) gold over 14.40 m including 47.40 g/t gold over 2.00 m at the Fifi vein zone.
Blueberry Contact drillhole SR24-359 intersected 14.66 g/t gold over 4.00 m including 52.60 g/t gold over 1.00 m at the Road vein zone, and 4.81 g/t gold over 8.00 m including 10.83 g/t gold over 3.00 m at the at the BB vein zone. The hole also intercepted 35.0 g/t gold over 1.00 m on the Fifi vein zone.
Blueberry Contact drillhole SR24-358 intersected 12.40 g/t gold over 1.00 m at the Lemoffe vein zone.
 
Brad outlines that now with all the drilling data back from last year’s exploration program, that they can work on finalizing the Maiden Resource Estimate.  Their team internally anticipates somewhere around a million ounces of gold for this first resource estimate, but it will depend on what comes back from the 3rd parties creating the study. 
 
Additionally we discussion that there are still results from multiple veins and around the Blueberry Contact Zone and the Scottie Gold Mine area, along with the C and D Veins, the Golden Buckle Zone, and the Domino area that are not going to be included in this initial resource, because they still need more drilling density.  This means there is still definite upside to the mineralized inventory beyond what will show up in the first pass resource report, and those growing areas will be the focus of future drill programs.  The strategy at present is simply to get out a study on the lowest hanging fruit for the resources thus far, and then wrap some earlier stage economics around the project with a Preliminary Economic Assessment (PEA) later in the year.
 
If you have any questions for Brad regarding Scottie Resources, then please email them in to us at Fleck@kereport.com or Shad@kereport.com.
 
In full disclosure, Shad is a shareholder of Scottie Resources at the time of this recording, but may choose to buy or sell any stock at any point in time. 
 
Click here to follow the latest news from Scottie Resources

Matt Badiali - Global Energy Outlook: Did The DeepSeek News Just Put A Top In Energy?

Matt Badiali, Editor of The New Energy Investor published under Mangrove Investor, joins us to discuss how the DeepSeek news impacts the energy outlook, including clean energy initiatives. 
 
The conversation delves into the market's reaction to news from DeepSeek, a Chinese AI app, and assesses the implications for long-term energy demand despite short-term investor reactions. We explore the transition from coal to natural gas and renewable energy sources amidst policy shifts, emphasizing the critical role of nuclear power in meeting future energy needs. 
 
The episode underscores the persistent global demand for electricity and evaluates how policy changes, such as those implemented by Trump's administration on wind and solar, might influence the energy landscape. Concluding with insights into the energy market's trajectory, the discussion also highlights the potential for natural gas and nuclear energy to address rising power demands.
 
Click here to visit the Mangrove Investor website to follow along with what Matt is writing.

Joel Elconin - AI Sector Outlook: DeepSeek News, Energy Considerations, Chips Makers, Technical Outlook

Joel Elconin, Co-Host of the PreMarket Prep Show joins us to share his thoughts on the major news over the weekend for the AI sector from DeepSeek. DeepSeek, a Chinese AI app, stated its AI model functions better than the US market leaders, such as OpenAI, using vastly less expensive chips. Markets, especially tech, took a big hit yesterday. 
 
We delve into the significant market reactions to DeepSeek's announcement. We break down the technical and fundamental impacts on major stocks like NVIDIA, Oracle, and lower-tier chipmakers, as well as the broader implications for the AI, utility, and energy sectors. With the backdrop of NVIDIA's steep losses and concerns about the validity of DeepSeek's claims, Joel offers insights into market leadership in AI and the recent resilience of certain tech stocks like Apple. 
 
We also explore broader market rotation and potential paradigm shifts, especially given upcoming tech earnings and central bank meetings.
 
Click here to visit Joel’s PreMarket Prep website.

Abitibi Metals - Fully Funded 20,000 Meter Drill Program, B26 Deposit, Quebec

Jon Deluce, President and CEO of Abitibi Metals (CSE:AMQ - OTC:AMQFF - FSE:4KG) joins us to recap the 2024 updated Resource Estimate and drill program then look ahead to the fully-funded 20,000 meter drill program, all at the B26 Deposit, in Quebec. 
 
We start by reviewing the completion of 30,000 meters of drilling and the resource update for the B26 deposit. Jon shares the details of their fully funded 20,000-meter Phase 3 drill program set for 2025, aiming to expand the resource and explore new discoveries. The discussion includes financial insights, with Abitibi Metals holding a robust balance sheet of $10.5 million in cash, and their strategy to hit a resource potential of 30 to 50 million tons. Jon also outlines the company's tactical approach to leveraging modern geophysical methods for better structural understanding and expansion. The episode wraps up with an overview of upcoming news, including pending drill results, geophysics updates, and detailed plans for further resource growth at the B26 deposit.
 
If you have any follow up questions for Jon please email us at Fleck@kereport.com or Shad@kereport.com. 
 
Click here to visit the Abitibi Metals website.  

Erik Wetterling – Value Proposition In New PM Producers With Development Upside - Integra Resources and Sierra Madre

Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins me to discuss two new junior gold and silver producers with additional solid development projects and exploration upside in their portfolio of projects.  Both of these companies have released important operation updates as news catalysts in early 2025, and he is attracted to their current value proposition.
 
We start off discussing the news out on January 22nd from Integra Resources Corp. (TSXV: ITR) (NYSE American: ITRG) which announced their record fourth quarter and full year 2024 production results from the Florida Canyon Mine, located in Nevada. There was record gold production of 72,229 ounces from Florida Canyon in 2024, marking the highest total production from the mine in 21 years. This represents a significant milestone for Integra as it marks the inaugural reported production for the Company. Integra ended the year with approximately $52 million in cash, to invest further into the exploration, development, and further derisking of their DeLamar and Nevada North Projects.
 
Next we pivot over to news released on January 9, 2025 from Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF), which announced they had achieved full commercial production on January 1st, 20205 at their 100% owned Guitarra Mine Complex located in Estado de Mexico, Mexico. The processing plant, underground mine, and all aspects of the operation have now been running at the current capacity of 500 wet metric tonnes per day for the past 90 days. Monthly gold and silver concentrate shipments, concentrate inventories, freshly mined material stockpiles and revenues generated from sales; have all increased on a material basis.  This sets the Company up for organic growth and exploration funded through production revenues as this year unfolds.
 
* In full disclosure, the companies mentioned by Erik in this interview, are positions held in his personal portfolio, and also may be site sponsors of The Hedgeless Horseman website at the time of this recording.  Additionally, Shad holds a position in both Integra Resources and Sierra Madre Gold and Silver at the time of this recording.
 
Click here to visit Erik’s site – The Hedgeless Horseman

AbraSilver Resource – 1.9 g/t Gold Over 36 Meters Was Returned Near Surface From The Cerro Viejo Target Drilling

John Miniotis, President and CEO and David O’Connor, Chief Geologist of AbraSilver Resource Corp (TSX.V:ABRA – OTCQX:ABBRF), join me to review the next batch of drill assays returned from the ongoing 20,000 meter Phase 4 diamond drill campaign on their wholly-owned Diablillos property in Salta Province, Argentina. 
 
These assay results we review are from four initial reconnaissance drill holes at the porphyry complex, located approximately 3.5 km northeast of the Oculto deposit. Results indicate that drilling has tested the upper part of a major porphyry system that is estimated to span up to approximately 3 km in length and 2 km in width,  hosting zones of gold, silver and copper, including some high-grade intervals. The porphyry mineralization appears to have a high-grade gold epithermal overprint.
 
Dave takes us through the key takeaways from the initial reconnaissance drilling at the Cerro Viejo target in the Diablillos porphyry complex.  This included three holes confirming widespread gold mineralization; most notably drill hole DDH 24-056, which intersected 36.0 m at 1.91 g/t Au, starting at a downhole depth of only 87 m, with a higher-grade interval of 5.0 m at 7.22 g/t Au. This intercept highlights a shallow, high-grade gold zone easily accessible for future exploration.
Dill holes DDH 24-059 and DDH 24-071, both intersected broad zones of gold, silver, and copper porphyry-style mineralization. The drilling at the Cerro Blanco target was limited to one hole, DDH 24-081, which was not ideally positioned and intercepted only short intervals of gold and copper mineralization. However, historical and recent surface sampling revealed high-grade zones with copper-rich intervals, offering promising targets for future exploration.   
 
Next John outlined the ongoing Phase IV drill program at both JAC and Occulto, which is focused on expanding the existing Diablillos Mineral Resource estimate across the broader Diablillos land package.  The Company has two drill rigs operating and, to date, has completed approximately 19,000 m of drilling in 96 holes, and with drill likely turning for another month into February, it will likely end up being more than the 20,000 meters initially planned. Several assay results are awaited from the lab and will be released on an ongoing basis pending review.  This data from the Phase 4 drilling will feed into an updated Resource Estimate later this year as the next key milestone.
 
Additionally, the upcoming resource estimate in 2025 will feed into the Definitive Feasibility Study (DFS), which will be managed by a team of experienced engineers and consultants, supported by the Company’s technical team. The Company will undergo a competitive tendering process to select qualified Engineering, Procurement, Construction and Management firms, with the award anticipated by no later than April 2025. Regular progress updates will be provided by the Company as the DFS advances forward for release in 2026, with results expected to further showcase the Company’s potential to become a key low-cost silver-gold producer.
 
If you have any follow up questions for John or Dave regarding at AbraSilver, then please email me at Shad@kereport.com.
 
In full disclosure, Shad is a shareholder of AbraSilver at the time of this recording.
 
Click here to visit the AbraSilver website and read over the most recent news releases.

Luca Mining - Exploration, Debt Repayment, Production Updates

Dan Barnholden, CEO of Luca Mining (TSX.V:LUCA - OTCQX:LUCMF - FSE:TSGA) joins us to provide updates on exploration that has just started up at the Campo Morado Project, debt repayments, and production developments. 
 
The conversation begins with details about Luca Mining's 5,000 meter drilling program at the Campo Morado project in Mexico, which aims to extend the mine life and improve production quality with newly mobilized drills. This is the first drilling since 2014 on the Project. The drilling will cover both underground and surface targets, focusing initially on adding near-mine resources and eventually expanding further afield.
 
The discussion then moves to progress reports on Luca Mining's operational goals. Dan shares that their milling capacity at Campo Morado has increased successfully exceeding a targeted production rate of 2,000 tons per day. 
 
On the financial front, Dan provides insights into the Company’s debt buyback that reduced their principal debt by 39% and removed convertible debentures. These efforts, along with incoming funds from warrant exercises, have put the Company on solid financial footing and positioned it to be potentially debt-free by summer. 
 
The update wraps up with an update on Tahuehueto Operations, emphasizing efforts to ramp up production to a thousand tons per day, anticipated to be achieved within weeks.
 
Please email any follow up questions for Dan - Fleck@kereport.com or Shad@kereprot.com
 
Click here to visit the Luca Mining website.

Weekend Show - Joe Mazumdar & Josef Schachter - Opportunities In Metals & Energy Equities: Gold, Silver, Copper, Oil and Nat Gas

Welcome to The KE Report Weekend Show! This week’s show is for all of you investing in resource stocks. We focus first on metals stocks and key investment themes from the majors and mid-tiers. The back half of the show is all about oil and natural gas opportunities. 
 
Please go back through our website (https://www.kereport.com/) and Podcast (https://rebrand.ly/KER-Podcast)  to listen to all our market commentary and company interviews. 
 
We hope you all have a great weekend!
 
Segment 1 & 2 - Joe Mazumdar, Editor of Exploration Insights joins us to discuss investing in various metals, from major companies to development and exploration projects. We focus on major mining companies, M&A, project financing, and development. We also discuss retail investor impacts, critical minerals, and overall market health. Key insights include the role of mid-tiers for M&A.
Click here to visit the Exploration Insights website to follow along with Joe. 
 
Segment 3 and 4 - Josef Schachter, Founder and Editor of the Schachter Energy Report, wraps up the show focusing on the oil and natural gas markets. Key highlights include analysis of oil and natural gas price fluctuations, the effect of government policies on drilling activities, potential future production increases, the role of U.S.-Canada energy trade, and recommendations for investing in energy stocks and dividend-paying companies.
Click here to learn more about The Schachter Energy Report
 

Joel Elconin - Weekly Market Recap: Market Touch All-Time Highs, Next Week Earnings & Central Bank Meetings

Joel Elconin, Co-Host of the PreMarket Prep Show joins us to share his thoughts on the S&P hitting all-time highs and pullback to end the week. Joel talks about the impact of President Trump's bullish comments, the significance of a $500 billion AI spending package, and momentum in big tech stocks. 
 
We also discuss upcoming tech earnings reports from Tesla, Microsoft, Meta, Apple, and Amazon. Other topics include the U.S. dollar's recent drop, its effect on commodities like gold and silver, and notable moves in the oil price. Lastly, we touch on the central bank meetings, defensive plays in the market, and the future of cryptocurrencies like Bitcoin.
 
Click here to visit Joel’s PreMarket Prep website.