The KE Report

In this company introduction, Alex Black, Executive Chairman of Rio2 (TSX:RIO | OTCQX:RIOFF), discusses the company’s transition from developer to producer. Rio2 is nearing first gold production at its Fenix Gold Project in Chile, while simultaneously acquiring the Condestable Copper Mine in Peru to provide immediate cash flow. Project Highlights Fenix Gold Project (Chile): First Production: Construction is nearly complete; first gold pour is scheduled for January 2026. Initial Scale: Phase 1 targets 100,000 oz/year via run-of-mine heap leaching. Growth: A massive 5-million-ounce resource supports expansion to 300,000 oz/year by 2030. Condestable Copper Mine (Peru): Strategic Acquisition: Rio2 is acquiring this producing mine for $241M USD, returning to the jurisdiction where the team previously built and sold Rio Alto Mining for $1.2B. Financial Strength: Projected to generate $145M USD annual EBITDA at spot prices, funding gold expansions with minimal dilution. Stability: Features over 10 years of reserves and a 45,000-hectare underexplored land package. Key Financials & Team Fully Funded: Closed an upsized C$191 million bought deal in December 2025 to fund the copper acquisition and general growth. Proven Team: Led by Alex Black and President and CEO Andrew Cox, a management group with a history of successful multi-billion dollar exits in Latin America.   If you have any follow up questions for Ian or want more information on any of the projects please email me at Fleck@kereport.com.   Click here to visit the Rio2 website - https://www.rio2.com/   ------------------ 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, Zach Flood, President and CEO of Kenorland Minerals (TSX-V:KLD | OTCQX:KLDCF), discusses the maiden resource at the Regnault gold deposit within the Frotet Project, Quebec.   Zach recaps the path from a 2020 grassroots discovery to a 2.55 million ounce Inferred resource at 5.47 g/t gold. We dive into the valuation of Kenorland’s unique 4% NSR royalty on the project, now 100% owned and operated by Sumitomo Metal Mining. Zach also outlines the expansion potential remaining at Regnault and provides an outlook for Kenorland’s extensive 2026 exploration pipeline. Key Highlights: Regnault & Beyond Maiden Resource Milestone: The inaugural estimate outlines 14.5 million tonnes at 5.47 g/t Au for 2.55 Moz of gold. This was achieved in under five years with a discovery cost of roughly $20 per ounce. High-Value Royalty: Kenorland holds a 4% NSR royalty (with a 3.25% uncapped floor if buy-downs are exercised), considering the company’s sub-$200M CAD market cap. Exploration Blue Sky: The system remains open in multiple directions, with 19 high-grade vein models currently excluded from the resource due to drill spacing. Sumitomo Operatorship: With Sumitomo now at the helm, baseline engineering is underway for a potential underground exploration decline to facilitate future bulk sampling. Aggressive 2026 Pipeline: Beyond Frotet, Kenorland is preparing for major partner-funded programs at South Uchi (with Auranova) and the Western Wabigoon and Flora projects (with Centerra Gold).   If you have any follow up questions for Zach or want more information on any project or partnership that Company has with majors please email me at Fleck@kereport.com.   Click here to visit the Kenorland website - https://www.kenorlandminerals.com/   --------------------- 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 discussion, Jim Tassoni, CEO of Armor Wealth Strategies and a skilled momentum trader, dives into the current market dynamics. He highlights the leadership of small caps and year-end positioning strategies. Tassoni shares insights on silver's impressive breakout and gold's consistent climb. He also addresses the declining U.S. dollar, strategies around bonds, and bearish momentum in Bitcoin. With predictions for 2026 and caution around commodities, Tassoni provides a clear view of market trends for traders to consider.

Greg McCunn, President and CEO of Great Pacific Gold, shares exciting updates from the Wild Dog Project in Papua New Guinea. He details impressive drill results, particularly Hole 14, which intercepted 9.5 meters at 13.8 g/t gold equivalent. The conversation shifts to the potential depth of mineralization as drilling explores below 200 meters. McCunn also discusses a refined geological model focusing on high-grade pods and the company's strong cash position, with plans for a second drill rig in 2026.

In this engaging discussion, Craig Hemke, founder and editor of TF Metals Report, shares his insights on the precious metals market. He delves into the reasons behind silver's recent surge above $60, highlighting strong fundamentals rather than market chaos. Hemke also explains why gold’s ongoing bull market is healthy, despite temporary consolidations. He debunks prevalent myths about COMEX deliveries and JPMorgan's role, emphasizing the importance of real data over sensationalized stories. It's a must-listen for anyone interested in the truth behind precious metals.

In this KE Report company update, Eric Roth, President & CEO of Capella Minerals (TSX-V: CMIL - OTCQB: CMILF), joins me to discuss the start of a maiden drill program at the Killerö Project in northern Finland’s highly prospective Lapland Greenstone Belt. The conversation also touches on Capella’s broader Scandinavian strategy across Finland and Norway. Key discussion points include: Maiden Drill Program at Killerö - 11-hole, 2,200-meter first-ever drill test of a former Anglo American gold-copper target. Target Quality & Geological Upside - Strong historic base-of-till copper and gold anomalies supported by modern geophysics. Strategic Joint Venture & Pipeline - Drilling funded through Capella’s earn-in partnership with Tümad, with additional work planned in Finland and Norway. If you have any follow up questions for Eric please email me at Fleck@kereport.com.    Click here to visit the Capella Minerals 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.

In this KE Report daily editorial (Monday, December 15), TG Watkins, Director of Stocks at Simpler Trading and Editor of the Profit Pilot, returns with a trader-focused look at shifting market leadership and rising risk as we head toward year-end. Key discussion points: Small Caps Leading, Mega Caps Lagging - Why strength in IWM and equal-weight indices may be masking weakness in mega-cap tech. AI Trade Losing Momentum - Signs of fatigue across AI, data centers, and related growth stocks after outsized runs. Tesla & Space Speculation - Tesla’s rebound, SpaceX IPO chatter, and why TSLA acts as a proxy for the “Elon trade.” Silver’s Sharp Breakout - Technical perspective on silver’s surge and why chasing extended moves carries risk. Click here to visit TG’s site - Profit Pilot Click here to visit TG’s YouTube page.  ---------------- 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 KE Report update, we speak with Roger Moss, President & CEO of Labrador Gold (TSX.V:LAB - OTCQX:NKOSF - FSE:2N6) , and Ian Bliss, President & CEO of Northern Shield Resources (TSX.V:NRN), to discuss Labrador Gold’s strategic shift toward a hybrid mining and investment issuer and its first investment under this model. Labrador Gold has deployed $1 million into Northern Shield Resources, gaining exposure to an early-stage but highly prospective gold–silver–copper–tellurium project in Newfoundland, while continuing to advance its own exploration assets. Key discussion points: Hybrid mining–investment model - Labrador Gold outlines how it plans to balance direct exploration with strategic equity investments. Capital position & investment focus - With ~$16M in cash, the company targets high-quality projects in strong jurisdictions, with emphasis on gold, copper, and critical metals. Why Northern Shield - A science-driven exploration approach and an underexplored Newfoundland project hosting gold, silver, copper, and tellurium. Near-term work & drilling plans - Northern Shield outlines upcoming geophysics and a planned 2026 drill program at the Root & Cellar Project. Please email me with any questions for Roger or Ian. My email address is Fleck@kereport.com.   Click here to visit the Labrador Gold 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.

Akiba Leisman, President and CEO of Mako Mining, discusses the company's ambitious projects, including the high-grade San Albino gold mine in Nicaragua. He highlights a strong Q4 outlook, driven by impressive revenues and ongoing exploration. The ramp-up at the Moss Mine in Arizona is also covered, revealing operational challenges and profitability. Akiba elaborates on the permitting process and economic potential of Mount Hamilton, as well as funding pathways for the Eagle Mountain project, showcasing Mako's strategic growth in the mining sector.

Brien Lundin, Editor of the Gold Newsletter, and Jeff Christian, Managing Partner at CPM Group, dive into the dynamics of precious metals. They discuss silver's surge above $60, driven by investor demand rather than fabrication needs, and how mining stocks are leading the charge ahead of gold. Lundin shares insights from his year-end report, emphasizing the 'debasement trade' that’s driving commodity interest. Christian highlights the risks of momentum trading and projects that geopolitical tensions will continue to support precious metals into 2026.