The KE Report

In this KE Report company update, I am joined by Tara Christie, President & CEO of Banyan Gold (TSX.V:BYN - OTCQB:BYAGF), to recap recent drill results from the AurMac Project in the Yukon. The focus is on how drilling this year is successfully defining and expanding higher-grade gold zones within one of Canada’s largest undeveloped gold resources.
Key discussion points include:
High-Grade Gold Definition: Drill results confirming +1.0 g/t gold zones at the Powerline and Airstrip deposits.
Resource & Pit Expansion: Step-out drilling converting waste to mineralization and extending conceptual pit limits.
Deposit Insights: Geological differences between Powerline and Airstrip and what they mean for future mine planning.
Silver Optionality: Early-stage high-grade silver results and potential processing and monetization pathways.
What’s Ahead: Over 140 drill holes still pending and a path toward a PEA in H2 2026.
If you have any follow up questions for Tara please email me at Fleck@kereport.com. 
 
Click here to visit the Banyan Gold website.
-----------------------
For more market commentary & interview summaries, subscribe to our Substacks: https://kereport.substack.com/ 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 update, I’m joined by Stephen Soock, VP Investor Relations & Development at Heliostar Metals (TSX-V:HSTR - OTCQX:HSTXF - FSE:R0G1), to discuss the newly released Pre-Feasibility Study (PFS) on the Cerro del Gallo Project and how it fits into the company’s broader production pipeline.
Key discussion points include:
Cerro del Gallo PFS Economics Profitable base case at $2,300 gold with strong leverage to higher gold prices and a long-life open-pit, heap-leach operation.
Resource & Production Upside Only a portion of the total resource is included in reserves, leaving room for expansion through drilling and metallurgical work.
Silver Contribution Silver accounts for roughly 15–20% of project economics, adding meaningful upside.
Operations Update Near-term cash flow from La Colorada and the San Agustin restart, with Ana Paula and Cerro del Gallo driving longer-term growth toward ~300,000 oz/year.
Please email me at Fleck@kereport.com with any follow up questions for the team at Heliostar Metals. 
 
Click here to visit the Heliostar Metals website to learn more about the Company
 
--------------
For more market commentary & interview summaries, subscribe to our Substacks: https://kereport.substack.com/ 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.

Drew Clark, President and CEO of Summit Royalties Ltd. (TSX.V: SUM), joins me to introduce the value proposition and coming growth catalysts from their portfolio of 47 royalty partner projects, mostly focused on gold and silver.
 
We discuss how this Company started off privately when closing the IAMGOLD Royalty Portfolio Acquisition for $17.5M on May 30th, then the acquisition of a royalty at West Red Lake Gold’s Madsen Mine on September 4th.  Then on November 5th the company released news of their “go public” transaction with the reverse takeover of Eagle Royalties the prior day on November 4th, and then their listing as Summit Royalties on the TSX Venture exchange on November 10th.
 
The Corporation's current portfolio is backstopped by 3 cash-flowing production assets, and an additional 44 royalties on development-stage and exploration-stage properties. The Corporation intends to become the next mid-tier streaming and royalty company through future actionable and accretive acquisitions to increase production and cash flow growth. The Corporation currently has no debt and sufficient cash on-hand for use in future acquisitions.
 
Drew starts off taking us through the growth on tap for 2026 and beyond at their 3 producing royalties and streams.
 
Madsen - 1% NSR Royalty focused on gold and operated by West Red Lake Gold Mines in Ontario, Canada
Bomboré - 50% Silver Stream; operated by Orezone in Burkina Faso
Zancudo - 0.5% NSR Royalty; operated by Denarius Metals in Colombia
 
Next we reviewed 2 of their key development royalties:
 
Pitangu - $80/oz until 250 Koz produced - 1.5% NSR thereafter; operated by Jaguar Mining in Brazil
AurMac – 0.5% - 2.0% NSR Royalty Coverage; operated by Banyan Gold in the Yukon, Canada
 
Drew briefly mentions a few other royalties in their portfolio that he sees as valuable, and also highlights that their Net Asset Value (NAV) is weighted towards Canada after Eagle & Madsen Acquisitions, and is trading at an attractive P/NAV multiple at present.
 
Wrapping up Drew shares his background in the sector, along with other members of the management team and board, along with the capital structure, key stakeholders, and financial health of the company to keep executing on more deals in the year to come.
 
 
If you have any follow up questions for Drew about Summit Royalties, then please email them into me at Shad@kereport.com.
 
Click here to follow the latest news from Summit Royalties
 
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. 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.

George Ogilvie, President and CEO of Arizona Sonoran Copper (TSX:ASCU – OTCQX:ASCUF), joins us to outline the key metrics from the Pre-Feasibility Study (PFS) on the Cactus Project in Arizona and the envisioned mine plan.  We also get an exploration update, more clarity around the permitting process, discuss the recent capital raise, and review the pathway to production.
 
PFS Highlights include:
Simple open pit / SXEW operation producing approximately 103,000 tonnes (226 million lbs) of estimated average annual copper cathodes over the first 10 years of mining, which would make Cactus the third largest cathode producer in the USA 
Industry-leading capital intensity of $10,894 per tonne of copper cathodes produced
$574 million of average annual EBITDA1 
Strong economics to support the continued development of Cactus with a focus on simplicity and executability of the open pit copper cathode project, on private land in Arizona
Cactus Project is well positioned over the 22-year Project Life of Mine (“LoM”) to generate value at a variety of copper prices:
Conventional, Cost-effective Mining and Processing: Open-pit, Heap Leach and SXEW Operation with Oxide and Enriched Materials from Cactus and Parks/Salyer open pits over 22 years of processing
Cash costs (C1) of $1.34/lb, All in Sustaining Costs (“AISC”) of $1.62/lb and All in Costs (“AIC”)1 of $2.01/lb
Initial mineral reserves of 513 million tons at a grade of 0.52% Total Copper in the Proven and Probable category for 5.3 billion pounds of contained copper
65% conversion of leachable M&I mineral resources to mineral reserves, with increased grades reporting to the heap leach pads
Significant benefits to the local community and economy of Arizona, including projected creation of an estimated 600+ direct jobs
Future mine expansion opportunities outside of the current mineable copper reserves, including late mine life primary sulphides, Cactus East and other exploration targets
Final investment decision as early as Q4 2026 with targeted first cathodes in 2029
 
George reviews how the incorporation of the newer MainSpring area into the larger Parks-Salyer deposit, over the last 2 years has allowed for a shift in strategy from underground mining over to an open-pit mining method.  They are reviewing moving the center of the open pit more towards the high-grade portion of the  Park-Salyer deposit, the infill drilling showed it expanding towards that direction, which presented better economics and a faster payback period, as outlined in the PFS.
 
George also provides some updates on permitting for the project, and the importance of it being on private land to help expedite the process, and that they should be submitting their applications later this year for administrative acceptance by early 2026, and then approval 6 months later.  This permitting process will time out well with the release of their Bankable Feasibility Study.
 
 
Next we discussed the news on December 2nd, which announced that the Company closed its previously announced private placement of common shares of the Company pursuant to which the Company issued, on a “bought deal” basis, 25,746,300 Common Shares, including 3,358,200 Common Shares granted to the underwriters, at a price of $3.35 per Common Share, for aggregate gross proceeds of C$86,250,105.  This gives the company the runway to execute on all coming workstreams heading into the Bankable Feasibility Study and the capital stack coming together for a construction decision late next year.
 
 
 
 
If you have any follow up questions for George about Arizona Sonoran, then please email us at Fleck@kereport.com  or Shad@kereport.com.
 
In full disclosure, Shad has a position in Arizona Sonoran Copper at the time of this recording and may chose to buy or sell shares at any time.
 
Click here to visit the Arizona Sonoran website to read over all the recent news.
 
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. 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.
 
 

Dr. Thomas Mumford, President of Scottie Resources (TSX.V:SCOT – OTCQB:SCTSF),  joins me to review the key takeaways from the Bulk Sample report, when compared with expectations from the October 2025 Preliminary Economic Assessment (PEA).   Additionally, we get an update on the ongoing ore-sorting studies, what was learned from this year’s drill program, the preparation for the largest drill program to date in 2026, and the Feasibility Study workstreams underway at the Scottie Gold Mine Project; located in the Golden Triangle of British Columbia.
 
The recent PEA outlined a robust Direct-Ship Ore (“DSO”) development scenario for the Scottie Gold Mine Project, with strong economics and leverage to the current gold price environment, and additional upside potential through local toll milling.  The DSO process was successfully demonstrated during this trial mining and Bulk Sample, which was mined at the Bend Vein pit at the Scottie Gold Mine Project, then mucked, visually sorted, and crushed over the 2025 summer season. The transportation of this material was completed moving around 100 truckloads of material down the Granduc road to the Stewart bulk shipping facility without any concerns or challenges, and it is going to be shipped over to Ocean Partners imminently.
 
Highlights:
An estimated 4,588 wet tonnes have been prepared for export to an Ocean Partners facility in Taiwan with better-than-expected average preliminary assays of 15.89 g/t gold and 42.28 g/t silver
Per the Company's agreement with Ocean Partners, a 90% upfront payment is to be received five days after sailing at a gold price of US$4100/oz and silver price of US$49.50/oz
Vessel has been booked and is expected to be loaded between December 10th and 12th 2025
The final 10% payment will reconcile any difference between estimated and final ounces and will be priced based on metal values at the time grades are finalized and agreed upon.  It is estimated that gold sold will generate a net profit of ~CAD$9Million.
 
Thomas outlines that the company plans to move straight into work streams for a Feasibility Study (FS), with actual cost estimates and more detailed economics, as the next major economic study to be undertaken.  The FS is slated to take about 8-10 months after all the 2025 drill results from the 27,309 meter program are in hand and integrated into their resource model.
 
We got into the resource assumptions used in the PEA and Thomas outlined how these resources are going to expand now that 4 diamond drill rigs were turning this year in the largest exploration program to date, across different parts of the high-priority Blueberry Contact Zone, and around the past-producing Scottie Gold Mine. A key initiative was infilling areas with tighter spacing, focused on upgrading the resources from inferred to indicated categories at the Blueberry Contact Zone. However many of the holes also went deeper, doing some true exploration work with a focus on expanding the potential open pit and upper portions of the underground resources at both Blueberry and Scottie areas.
 
Wrapping up we discussed the preparations for the largest drill program to date for 2026, the various Feasibility Study workstreams, and the financial strength of the company which is fully-funded for all these initiatives.
 
 
If you have any questions for Thomas regarding Scottie Resources, then please email them in to me at Shad@kereport.com.
 
In full disclosure, Shad is a shareholder of Scottie 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 Scottie Resources
 
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. 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.

John Miniotis, President and CEO of AbraSilver Resource Corp (TSX: ABRA) (OTCQX: ABBRF), joins us to review the latest batch of drill assays announced December 10th, returning the broadest gold mineralization intercepted to date, from the ongoing Phase V exploration program.  These holes were testing for the potential of porphyry mineralization at dept at the Oculto East area of their wholly-owned Diablillos property in Salta Province, Argentina.  
 
John reviews the three latest drill holes from the ongoing Phase V exploration program and that hole # DDH 25-085 at Oculto East intersected a broad 274.0 metre ("m") interval grading 0.60 g/t gold, including a higher-grade 23.0m grading 2.83 g/t gold, together with copper and molybdenum mineralization at depth.
This is the deepest drill hole completed to date at Oculto, and it successfully tested a major structural-intrusive corridor extending beneath Oculto East, intersecting pervasive silicification, brecciation, and advanced argillic-silicic alteration interpreted to be related to a larger intrusive at depth.
The deeper copper-molybdenum-gold mineralization is characteristic of fertile porphyry environments, and the alteration encountered is consistent with the upper portions of a significant intrusive center of well-developed porphyry systems.
These features reinforces the scale, strength, and multi-phase nature of the Diablillos mineralizing system, and clear geological evidence of a vertically extensive system.
These results highlight substantial additional exploration potential across the property, which will be followed up on in a Phase 6 drill program.
 
Drilling continues to extend oxide-hosted gold mineralization well beyond the current conceptual open pit, and this deeper drilling provides further support for a significant porphyry system underlying Oculto. The Phase V drill program remains on track for completion before year-end. To date, 60 holes have been drilled as part of the program and the final six holes will be completed before year-end. John reminds listeners that a deep drill hole was recently completed at the Cerro Viejo porphyry target, located approximately 4 kilometres northeast of Oculto, and assay results are expected shortly.
 
The Company plans to commence a Phase VI drill program totaling approximately 15,000 metres in January 2026, focusing on Mineral Resource expansion, select deeper porphyry-related targets, and continued step-outs across the Oculto-JAC mineralized cluster. Further details will be provided early in the New Year.
 
An updated Mineral Resource estimate, incorporating all Phase V drilling, remains scheduled for H1/2026. This estimate will be used for an updated Mineral Reserve and mine plan that will underpin the ongoing Definitive Feasibility Study (DFS) that will be completed in the same time frame. These workstreams are all happening in tandem with work towards permits which are expected to be received around that same time next year.  Execution on these key catalysts will be the trigger for a construction decision next year.
 
Wrapping up John reiterates why the limited RIGI laws are so economically advantageous to the Company, relaxing currency controls, reducing export duties to 0% over a couple years, and reducing taxation over a 30 year period.    We also review the positive business and permitting tailwinds in place in Argentina as a jurisdiction for mining.
 
 
If you have any follow up questions for John regarding at AbraSilver, then please email them into us at Fleck@kereport.com  at  Shad@kereport.com .
 
 
In full disclosure, Shad is a shareholder of AbraSilver Resource Corp at the time of this recording and may choose to buy or sell more shares at any time.
 
Click here to visit the AbraSilver website and read over the most recent news releases.
 
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. 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 update, we chat with Alicia Milne, President and CEO of Q2 Metals (TSXV: QTWO | OTCQB: QUEXF | FSE: 458), to discuss the exceptional 457m of 1.65% Li₂O drill result from Hole 44 at the Cisco Lithium Project in James Bay - highlighted by many analysts as one of the strongest lithium pegmatite holes ever drilled.
Key Discussion Points
Hole 44 Breakthrough: Why the 457m intercept stands out and how it extends mineralization beyond the previous exploration target.
Growth & Expansion: Step-outs such as holes 63 and 65 confirm the system remains open in multiple directions.
Path to Maiden Resource: Over 33,000m drilled to date, with results feeding into a planned Q1 maiden resource and future PEA work.
Strong Financial Position: Over $20M in the treasury following a $26M financing, fully funding 2026 drilling and advancement.
 
If you have any follow up questions for Alicia or would like more information on any aspect of the Company please email me at Fleck@kereport.com. 
 
Click here to visit the Q2 Metals website. 
 
-------------------
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. 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.

Sean Brodrick, Editor of Wealth Megatrends, Supercycle Investor, Resource Trader, and contributing analyst to Weiss Ratings Daily, joins us to outline strategies for portfolio management in lieu of the underlying trends in gold, silver, copper, oil, nat gas, rare earths, antimony, tech stocks, AI stocks, and robotics stocks. He also highlights some of the trades in individual resource stocks in his portfolio.
 
We start off noting the strong V-shaped recovery in gold and silver and the precious metals equities since our last conversation in late October.  After the sector corrected down sharply from mid-October into early November, it then rallied strongly back up through present in mid-December.  
Silver breaking up decisively through the October highs in late November had Sean communicating with his subscribers to get positioned into even more silver stocks over the last couple weeks.
In the larger silver stocks Sean got repositioned in both Pan American Silver and Hecla Mining again in 2 of his respective publications and portfolios.
He is more animated by the recent outperformance of some of his junior mining stocks, flagging the outperformance in Heliostar Metals, Vizsla Silver, and Avino Silver and Gold.
 
Sean makes the case for both gold and silver running much higher in the year to come.
His medium-term target for gold is at $4,500 and then a run over $5,000 is quite doable. Longer-term he still has an upside target for gold around $6,930.
With silver he sees an eventual run to $100 as quite possible next year, and longer-term even a move to $200 would simply bring the metal up to it’s inflation-adjusted highs.
“I don’t think most generalist investors are going to wake up until silver gets to $100, and then they may say ‘Oh, I should add some to my portfolio.’ ”
“It’s not too late really to buy any of the silver miners. Heck, look at our Avino Silver and Gold… it’s up 58% already and we didn’t add it that long ago.”
 
From there we broaden out the discussion to the whole commodity complex, which Sean believes will stay in momentum overall.
He points to the strength in copper and copper stocks, and advises looking for domestic opportunities to participate in that megatrend as it continues to develop.
He feels many of the metals are moving higher in sympathy with the breakout in the precious metals.
Sean believes this commodities super-cycle will even begin to drag the lagging traditional energy sector higher once again next year, pointing to the recent strength in natural gas, and the eventual catch-up trade in oil and oil stocks.
 
Shifting over into some of the niche’ elements of the critical minerals sector, we discuss the outsized move higher in rare earths, antimony, and tungsten stocks in the summer into the early fall, but then the harsh correction back lower again, with many equities down 50-70% off their recent highs.
Sean reiterates the importance of pulling partial profits when people have outsized gains in their portfolios.
He outlined that he advised subscribers to reduce down positions in some of his big winners in rare earths, like MP Materials, and antimony like United States Antimony a couple of months ago. He also trimmed back most of those positions over the last few weeks to still lock in 106% and 85% gains respectively in the remaining portions, highlighting the importance of getting into trends early on at low prices and buying when the trends were in motion but less obvious to the broader markets.
While he acknowledged some of these critical minerals sectors may be one of the few areas experiencing tax-loss selling this season, he still thinks investors can pick their spots and get re-positioned as these trends are not over, and China is still back to increasing their export controls on these important commodities.
 
Wrapping up we looked back at 2025 more big picture, and summarized a great year overall for investors, but marked with extreme moves of volatility in both directions.
Sean pointed back to mixed start to the year, the severe market dislocations in most sectors during the April tariff tantrum lows, the strength and rebound of the precious metals, general US equities, and in particular the tech stocks.
Sean anticipates the tech stocks continuing to garner a bid in 2026, and highlighted companies that can utilize AI to reduce headcount and improve efficiencies as big future winners.
He also flagged the integration of AI into robotics to spur a “robot revolution” in 2026 and moving forward, noting how it takes them from stupid to thinking machines with more utility.
He also notes that if we want to build out future robotic workforces for utilization that it is going to take quite a bit more of many commodities including copper, silver, and select rare earths.
On the geopolitical front, all the global conflict and rearming of nations militaries are going to keep a bid in defense metals like antimony and next generation defense stocks.
 
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 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. 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.

David Gower, CEO and Chairman of Emerita Resources (TSX.V: EMO) (OTCQB: EMOTF), joins us to review the news out to the market on December 5th with regards to what the criminal court decision in Spain with regards to Aznalcóllar, how the actual decision on tender being awarded on the Project still comes down to the administrative court. We then dive into the value proposition on their flagship IBW project, the recent acquisition of the expanded San Antonio Project, and the earlier-stage but large and prospective Nuevo Tintillo exploration project.
 
David summarizes the decision from the Third Section of the Provincial Court of Seville, which has completed the hearings for the criminal trial on the alleged crimes committed during the process of awarding the tender. The hearings commenced on March 3, 2025 and were completed on July 15, 2025.  He goes on to point out that while it would have expedited the process to have a criminal conviction, it is not necessary to still be awarded the Aznalcóllar tender, and that many people have prematurely assumed a definitive outcome.
 
Then we shifted over to the value proposition of their flagship Iberian Belt West (IBW) Project, which hosts three Volcanogenic Massive Sulphide (VMS) deposits, that comprise a NI 43-101 compliant mineral resource estimate from the La Romanera, La Infanta and El Cura deposits.  David points to the update to the resource estimate that will be coming out in Q1 of 2026, which will then be used to release updated project economics at IBW. Rising metals prices as well as increased metals recovery rates from a series of metallurgical tests will result in expanded metrics in both studies.
 
Next we reviewed the 2 new properties acquired a few months ago, cumulatively referred to as the San Antonio Project, which substantially increased Emerita’s wholly owned Iberian Pyrite Belt holdings; taking the Company’s total mineral property holdings in the IBW area to 8,144 hectares.
Wrapping up David highlights the prospectivity of the large earlier-stage Neuvo Tintillo Project, strategically located in between prior producing and development-stage projects in the mineralized belt.   There will be a drill program commencing here in H2 of 2026.  
 
If you have any follow up questions for David regarding Emerita Resources, then email those in to us at either Fleck@kereport.com or Shad@kereport.com.
 
In full disclosure, Shad is a shareholder of Emerita 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 Emerita Resources
 
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. 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.
 

I speak with Mike Konnert, President & CEO of Vizsla Silver (NYSE/TSX: VZLA) about the company’s upsized US$300M convertible note financing and how it strengthens Vizsla’s ability to accelerate development of the high-grade Panuco Project, in Mexico. Mike also highlights the newly filed feasibility study, underground progress, and Vizsla’s long-term goal of becoming a 50 Moz AgEq/year producer.
Key Discussion Points
Why Vizsla Chose the $300M Convertible Note Replacing a costlier, restrictive project finance facility with a flexible, upfront funding structure.
Capped-Call = Minimal Dilution Protection up to US$10.50/share, with the company intending to settle in cash.
Accelerating Build-Out & Exploration Immediate capital access enables faster construction, underground drilling, and district-wide exploration.
Feasibility & Outlook Vizsla is now fully feasible and fully financed with exceptional project economics and multiple growth targets across Panuco.
If you have any follow up questions for Mike please email me at Fleck@kereport.com. 
 
Click here to visit the Vizsla website to learn more about the Company.
 
--------------
For more market commentary & interview summaries, subscribe to our Substacks: https://kereport.substack.com/ 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.