The KE Report

Simon Dyakowski, President and CEO of Aztec Minerals (TSX.V:AZT - OTCQB:AZZTF) joins me to discuss the company’s latest news - large carbonate replacement deposit (CRD) targets at the Tombstone Project in Arizona.
 
These high-priority targets were developed using past drilling and geophysical surveys, with strong evidence of mineralization at depth. Two previously drilled holes, TR24-13 and TR24-16, will be extended to test these targets, which shares geological similarities with Arizona Mining’s Taylor Hermosa discovery and the historic Bisbee porphyry system.
 
Simon outlines Aztec’s next steps, including plans for deep drilling, potential expansion into additional targets, and how the company is balancing near-surface and deeper CRD exploration. With a quick permitting process and further funding considerations, Aztec is preparing to test these targets later this year.
 
Please email me any questions you have for Simon. My email address is Fleck@kereport.com. 
 
Click here to visit the Aztec Minerals website.

Luke Alexander, President and CEO of Newcore Gold (TSX.V:NCAU - OTCQX:NCAUF) joins me to break down the company’s recent $15 million financing, expanded 35,000-meter drill program, and the path to delivering a pre-feasibility study (PFS) in 2026.
 
Newcore Gold’s stock has been performing well, particularly in March, on the back of several key announcements. The company initially targeted $12 million in its financing but raised $15 million due to strong institutional demand, including long-only precious metals and resource-focused investors. With $17 million in cash on hand and another $14 million in in-the-money warrants and options, Newcore is well-positioned to fund exploration and development over the next few years.
 
With this financial strength, Newcore has significantly expanded its drill program from 10,000 meters to 35,000 meters. The company is now targeting deeper drilling (down to 200–300 meters) to define high-grade structures, while also testing new pre-resource exploration targets across its 248-square-kilometer district. Several high-grade intercepts have already been reported.
 
Beyond drilling, the company is actively progressing toward an updated resource estimate and PFS, with additional work underway, including hydrology, geotechnical studies, metallurgical testing, and environmental assessments. The PFS is expected to be commissioned in H2 2025 and published in H1 2026.
 
If you have any follow up questions for Luke please email me at Fleck@kereport.com.
 
Click here to visit the Newcore Gold website.  
 

Dana Lyons, Fund Manager and Editor of The Lyons Share Pro joins us to share his outlook on market volatility, shifting sentiment, and the continued strength in commodities.
 
We discuss whether the recent 10% market correction marked a true bottom or if further downside testing is ahead. Dana also breaks down the outperformance of value stocks, the potential for one last growth rally, and the broader implications for investors.
 
With gold surging to new highs, we explore what’s driving the rally, how gold stocks are responding, and where silver and copper fit into the picture. Commodities continue to diverge from the broader markets, raising questions about whether this is a short-term trend or the start of a long-term cycle.
 
Click here to visit the Lyons Share Pro website and learn more about Dana’s investment services.

Glenn Jessome, President and CEO of Silver Tiger Metals (TSX.V:SLVR – OTCQX:SLVTF), joins us to unpack the key takeaways from the Swiss Mining Institute (SMI) conference, the sentiment from retail and institutional investors in Europe, the continued permitting improvements from the new political administration in Mexico, and the ongoing exploration and development work at its 100% owned, silver-gold El Tigre Project.
 
There appears to a be robust European appetite to invest in the precious metals and gold and silver stocks, and Glenn notes that the commodities funds as well as generalist funds are finally seeing capital inflows to invest into PM stocks.  Investors are also opening up to Mexico as a mining jurisdiction, now that more permitting progress is announced, and we recap some of the constructive comments from Fernando Aboitiz, Head of the Extractive Activities Coordination Unit, Ministry of Economy, during the Mexico Mining Forum 2025 PDAC.
 
Wrapping up we focus on the work the Company is continuing to do as they await their open-pit permits, where Glenn is lining up and analyzing financial term sheets for the capex needed to build the open-pit mine at El Tigre, and the company is continuing to drill from underground targeting the high-grade silver veins, and the Sulfide and Shale Zones that will feed into the upcoming PEA on the second phase of underground mining.
 
If you have any follow up questions for Glenn about Silver Tiger, then please email me at Shad@kereport.com.
 
In full disclosure, Shad is a shareholder of Silver Tiger Metals 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 Silver Tiger Metals

 
Craig Nicol, Founder and CEO of Graphene Manufacturing Group (TSX.V:GMG - OTCQX:GMGMF) joins me to answer listener questions and provide insights into the company’s growth strategy, revenue potential, and commercialization efforts of the G® Lubricant and THERMAL-XR.
 
GMG recently announced a $5 million bought deal financing, and Craig explains how these funds will be allocated to expand production, grow sales teams, and pursue an uplisting to a major U.S. exchange. While production capacity can scale significantly, the company is prioritizing sales and market penetration before making major capacity expansions.
 
A key focus is on G Lubricants and Thermal XR, two of the company’s three divisions. Craig shares details on current sales efforts, distributor partnerships, and ongoing trials with major corporations, including a successful energy savings case study with a Singapore bank in collaboration with Cushman & Wakefield. 
 
GMG is also exploring multiple revenue channels, including direct-to-consumer sales, distributor partnerships, and collaborations with OEMs and large industrial players. Craig discusses how G® Lubricant is gaining traction in the trucking industry, where fuel efficiency improvements could drive significant demand. He also provides updates on EPA approvals, new product launches for individual usage, and how GMG is positioning itself as a leader in graphene-enhanced solutions.
 
Looking ahead, GMG is balancing commercial sales growth with R&D advancements, ensuring the company can rapidly scale production and maintain high profit margins. Craig outlines the expected revenue drivers for 2025 and beyond, how the company is working with major corporations in a wide range of industries, and when investors can expect to see meaningful revenue impact.
 
Please keep the questions coming! Email me at Fleck@kereport.com.
 
Click here to visit the GMG website to learn more about the Company.

David Stein, President & CEO, joins me for a big-picture overview of the company’s ongoing production ramp-up at the Bethania Project in Peru and exploration progress at the Silver Kings Project in Ontario.
 
Production at Bethania is steadily increasing, with a target of 350 tons per day this year. David provides insights into the step-by-step strategy, including how toll milling is enabling operations now and how the company plans to transition to its own plant to support future expansion. He also discusses how the company is positioning for long-term growth, with the potential to expand the mine and develop a larger silver district in Peru.
 
With silver prices currently above $34 per ounce, Kuya Silver is very leveraged to the price, with 80% of its revenue tied directly to silver. David explains how higher silver prices could accelerate cash flow, support expansion, and drive a revaluation of the company’s stock price.
 
On the exploration front, Kuya Silver is advancing the Silver Kings Project in Ontario, where recent drill results from January announced more high grade results. David shares what’s next for this project and when investors can expect further results from the latest drilling campaign.
 
We also touch on the company’s $2.5 million financing, how these funds will be used to accelerate the production ramp-up, and what investors should expect in terms of upcoming news flow, including production updates and quarterly reporting.
 
If you have any follow up questions for David please email me at Fleck@kereport.com.  
 
Click here to visit the Kuya Silver website.

 
Mike Larson, Editor in Chief at MoneyShow, joins us to break down the latest market trends, rising volatility, and where investors should be positioning for the months ahead.
 
Since our last conversation in January, the market landscape has shifted dramatically. Stocks have swung from optimism to uncertainty, fueled by policy changes, trade concerns, and valuation resets in high-growth sectors. AI stocks, which soared earlier this year, have taken a hit, cryptos have stumbled, and the broader markets have seen heightened two-way volatility. Mike unpacks what’s driving these moves, from shifting policy narratives to investor sentiment extremes.
 
With all this uncertainty, gold has been the clear standout, now over $3,000 an ounce. Mike explains why gold has outperformed, how international markets are showing strength, and whether this signals a generational shift in global investing trends. While Western investors have been slow to embrace gold equities, there are signs that broader participation is increasing.
 
We also dive into the gold vs. Bitcoin debate, looking at how digital assets have behaved during recent market turmoil. While Bitcoin has moved more in line with tech stocks, gold has maintained its traditional role as a safe-haven asset. Mike weighs in on whether this trend will continue and what it could mean for both asset classes.
 
Click here to find out about the upcoming MoneyShow conferences. 
 

Terry Harbort, President and CEO of Talisker Resources (TSX: TSK) (OTCQX:TSKFF), joins me for a comprehensive update on the confidence in the mineral resources, ongoing exploration and development work, and the near-term pathway towards moving into gold production at the Mustang Mine, located on their Bralorne Gold Project in British Columbia.
 
Terry outlines the mineral inventory that their team has delineated after 150,000 meters of exploration drilling, and then an additional 15,000 meters drill last year to upgrade categories and confidence in the resource estimate and model.   We review that main area of focus for the development declines and work up until this point in time has been in the unmined area, between the historically mined Bralorne  and King mines, now referred to as the Mustang Mine.  In addition to being amenable to toll mining at nearby processing centers with spare capacity, there have been studies underway looking at upgrading the ore on site using ore-sorting technology, so that higher-grade material, with less associated waste would make it more economical to be shipped to additional processing centers.
 
We shift over to the remaining work there to be completed, a rough idea of the sustaining capital that will be needed to put the Mustang Mine into production imminently and start ramping up the throughput from 100 tonnes per day (tpd) in the next couple months, to 175 tpd after that, and then up to 250 tpd by year-end.  Moving into next year it is anticipated that throughput can rise up to 500 tpd and then eventually 750 tpd in the years thereafter.  That will involve pulling in material from the unmined areas between the historic Bralorne and Pioneer mines as a second eventual area of focus.
 
Wrapping up we discuss the health of their treasury, the strength of the management and operational teams, and the key milestones and news on tap for the balance of this year.
 
If you have any follow up questions for Terry then please email me at Shad@kereport.com.
 
Click here to follow the latest news from Talisker Resources

Dave Erfle, Editor of the Junior Miner Junky joins us for an in-depth discussion on the state of precious metals stocks, portfolio management strategies, and key market trends.
 
Dave shares his perspective on why certain stocks continue to break out while others lag behind. While some companies are soaring to new highs, many investors are left wondering what to do with the stocks that just can’t seem to gain traction. We discuss whether it makes sense to rotate capital out of underperformers and into momentum plays or if patience is the better strategy in this market cycle.
 
He explains how portfolio strategy should be approached on a case-by-case basis, factoring in share structures, dilution risks, and technical setups. With GDX and GDXJ breaking out to multi-year highs, Dave highlights key resistance levels and what they signal for the broader rally.
 
The conversation also touches on copper and base metals, where Dave sees selective opportunities despite the sector not moving in sync with gold and silver. He breaks down the importance of market cap analysis, how to compare companies relative to their peers, and whether smaller-cap stocks will eventually catch up in valuations.
 
Mergers and acquisitions have been surprisingly quiet following major industry conferences, raising questions about when deal-making might accelerate. Dave shares his take on what could trigger more consolidation in the mining space.
 
We also dive into potential market pullbacks, what signals to watch for, and how investors can position themselves accordingly. With gold and mining stocks in overbought territory on some timeframes, Dave outlines different scenarios, including whether a correction would play out through price declines or simply a period of sideways consolidation.
 
Click here to visit the Junior Miner Junky website to learn more about Dave’s investment letter. 
 

Colin Padgett, President & CEO of Founders Metals (TSX.V: FDR - OTC: FDMIF), provides a key update on the company’s latest drill results, revealing a significant new gold discovery at the Van Gogh target. With a 60,000-meter drill program underway, he explains what this means for investors and the next steps in the company’s aggressive exploration strategy. See map posted below for an overview of where the past drilling and targets are located on the Project. 
 
The discussion focuses on recent preliminary drill results from the Van Gogh target. In two news releases (February 20 and March 17), the initial data indicates high-grade gold over substantial widths, such as 20 meters yielding over 7 g/t gold and 72 meters yielding 2.29 g/t. Colin elaborates on the significant breakthrough at Van Gogh, detailing the journey from geophysical anomalies and lidar data to the discovery confirmed by channel sampling and subsequent drilling. 
 
The conversation also covers future drilling plans, indicating a strategic focus on fresh rock zones and structural trends. Additionally, Colin discusses another emerging gold trend on the property and plans to explore new targets like Maria Geralda. He provides an overview of ongoing and upcoming drilling activities at various targets within the Antino Property, emphasizing the importance of new discoveries in adding shareholder value.
 
If you have any follow up questions or topic you would like Colin to address please email me at Fleck@kereport.com. 
 
Click here to visit the Founders Metals website. 
 
Click here to listen to the prior interview outlining the full 60,000 meter drill program.