The KE Report

Keith Bodnarchuk, President and CEO of Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) (FSE: SSKU), joins me to review the news released on May 26th regarding the multiple intercepts of uranium mineralization from the winter drill program, followed by the news on May 28th which announced summer plans for the largest drill program to date at the Company's Murphy Lake North ("MLN") project.   

 

Muphy Lake North is a joint venture between Cosa and Denison Mines Corp. (TSX: DML) (NYSE American: DNN) and is located three kilometres east of IsoEnergy's Hurricane deposit, in the eastern Athabasca Basin, Saskatchewan. Cosa is the project operator and holds a 70% interest with Denison holding a 30% interest.

 

 Winter Drill Program Assay Highlights

Uranium mineralization confirmed in three holes featuring a best intercept in drill hole # MLN26-013 of 5.0 metres averaging 0.55% U3O8 including 0.5 metres 1.7% U3O8 along the Cyclone trend

The 5.0 metre uranium intersection in MLN26-013 also contains 4.1% nickel and 1.7% cobalt, consistent with multiple polymetallic eastern Athabasca uranium deposits including Cigar Lake, Key Lake, and Hurricane

Uranium mineralization is shallow at 265 metres depth and remains open along strike for 600 metres to the west and 600 metres to the east

 

Summer Drill Program:

Multiple intersections of unconformity related uranium mineralization remain open along strike for 600 metres in both directions; drilling to focus on step-out tests of the Cyclone mineralization approximately 265 metres below surface

Largest drill program to date at Murphy Lake North will commence in mid-June and comprise approximately 6,000 metres and15 drill holes

Denison participating in funding 2026 exploration at MLN to maintain its 30% interest

 

Next Steps

Crews are preparing to mobilize, and a rapid start-up is expected as the drill and supporting equipment remains on site at MLN. The Company expects to announce the commencement of drilling in mid-June, which will take approximately two months to complete, and will be followed by drilling at the Company's Darby joint venture.

 

 

 

If you have any questions for Keith regarding Cosa Resources, then please email them into me at [email protected]

 

* In full disclosure, Shad is a shareholder of Cosa 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 Cosa Resources

 

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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 sit down with Garrett Ainsworth, President and CEO of District Metals (TSX.V:DMX - OTCQX:DMXCF - Nasdaq First North: DMXSE SDB), to discuss the company's Preliminary Economic Assessment (PEA) results for the flagship Viken Deposit in Sweden. Garrett breaks down the economics of the report, and explains why this asset represents a globally important, highly secure multi-commodity resource for the European Union.

Key Discussion Points:

PEA Economic Highlights: Learn how the Viken Deposit achieved a post-tax NPV of $2.88 billion at an 8% discount rate, paired with a 2.1-year payback period.

The Power of Negative Production Costs: Discover the unique mechanics behind Viken's negative net cash cost for uranium production when factoring in valuable byproduct credits.

A Diverse Multi-Commodity Asset: Explore the robust blend of essential materials driving the project's economics, led by vanadium, uranium, sulfate of potash, and molybdenum.

Unlocking Future Exploration Optionality: Find out why this Phase 1 PEA, which utilizes only 3% of the total resource base, is just scratching the surface of Viken's multi-deposit potential.

Proactive Social License & Next Steps: Garrett shares the company's upcoming timeline for drilling, environmental baseline studies, and community consultation.

 

If you have any follow up questions for Garrett please email me at [email protected].

 

Click here to visit the District Metals website to learn more about the Company - https://www.districtmetals.com/

 

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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 or investment product. Investing in equities, commodities, really everything 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.

Matt Filgate, President and CEO of GreenLight Metals Inc. (TSXV: GRL) (OTCQB: GRLMF), joins us for a comprehensive introduction to this Wisconsin-focused exploration company advancing copper and gold projects across the Penokean Volcanic Belt-one of North America's most prospective VMS districts-and the Kalium Canyon epithermal gold project in Nevada's Walker Lane, which is subject to a binding term sheet for a proposed staged earn-in and joint venture with Barrick.

 

In Wisconsin, GreenLight's portfolio includes the flagship Bend copper-gold VMS Project in Taylor County, Wisconsin; along with the Lobo and Lobo East massive sulfide targets, and Reef high-grade gold project. Matt shares that their management team and board has deep roots in the state, and GreenLight is building a modern minerals company for Wisconsin, committed to responsible exploration, transparent engagement, and creating durable local opportunities as it helps supply the critical metals that power the energy transition.  

 

The focus at the flagship Bend project is following up on last year’s 2,000 meters of drilling, and utilizing data from the 18,000 meters of historic drilling by other operators, to guide a larger 17,000 meter follow up program. The ongoing Phase 2 Drill Program at Bend is for the initial 7,000 meters of that larger program, further delineating the VMS-style mineralization down-dip and along strike to the east of the main deposit area. The Company will also drill 2,000 meters into the Lobo and Lobo East target area later this drill season.

 

Next we shifted over to the Nevada asset, where on May 7, 2026, GreenLight Metals announced that it has signed a binding term sheet with a wholly owned subsidiary of Barrick Mining Corporation, for a proposed staged earn-in and joint venture at the Kalium Canyon gold project in Esmeralda County, Nevada.  Matt outlined the terms and different thresholds of this proposed earn-in process for Barrick, which if executed on, would give GreenLight a 20% fully-carried interest all the way through a Pre-Feasibility Study.  Additionally, this transaction brings in periodic stage-gate payments into the company treasury, while allowing Barrick’s exploration team to focus on delineating the mineralization.

 

Matt highlights the strong company treasury at present, the background and experience of the management team, and the potential rerating of the company valuation should their exploration program at Bend have success in growing the mineralized footprint to a level where a resource estimate can be released next year, putting it on par with other important US-based VMS copper-gold systems.

 

If you have any questions for Matt regarding GreenLight Metals, then please email those in to us at [email protected] or [email protected].

 

Click here to follow the latest news from GreenLight Metals

 

 

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.

Scott Emerson, President and CEO of Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF) joins us for a visual look and “boots-on-the-ground” site visit to the core shack for the ongoing and fully-funded 15,000 meter drill program starting at Las Coloradas, and then later in the year transitioning over to Almoloya.  Both silver and gold projects are located in the Parral District, in Chihuahua, Mexico.

 

To view the video on-site with Scott over at YouTube click the link below:

https://youtu.be/vWfgi5dN4CQ

 

 

We start off with Scott walking us visually through the core shack and he shows us some of the new drill core coming in for logging, splitting, and then prepping to send out to the assay labs. We go on to discuss some of the key exploration targets at Las Coloradas, based on the various data sets from mapping, sampling, historic data, and surveys flown that their team has compiled in the prioritized targets for this season.  The initial follow-up drilling has been testing deeper and stepping out around the historic Mine Target and DBD Target.  As the program evolves, then other regional targets like Saddle, Silvia, Leona, and La Plata areas will be tested.

 

 

 Las Coloradas High-Grade Silver Project

 

Step-out and deeper drilling planned on the high-grade Soledad and Soledad II vein systems, following up around the Mine and DBD zones

Approximately 700 metres of the Soledad structure remains to be tested

New priority regional drill targets emerging at Saddle, Silvia, Leona, and La Plata zones

Multiple large-scale, largely untested targets highlight district-scale discovery potential at Las Coloradas

 

Almoloya Gold/Silver Project

 

Initial diamond drilling planned on the gold-rich Juliettas structures

District-scale CRD and oxide potential identified at Cigarrero Mine área

 

Wrapping up Scott highlights the financial health of the company, after their closing of the upsized bought deal financing in January, and the continued support from their key stakeholders. Scott reiterated that the future value creation will be determined with the drill bit, and that they will have plenty of exploration news on tap for the balance of 2026.

 

 

If you have any questions for Scott regarding Kingsmen Resources, then please email those in to us at [email protected] or [email protected].

 

Click here to follow the latest news from Kingsmen 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.

In this Daily Editorial, we sit down with Dave Erfle, founder and editor of the Junior Miner Junky, to unpack the current divergence in the commodities sector. While copper continues its powerful breakout, the precious metals sector has lulled many investors to sleep despite remarkable corporate health and macro tailwinds.

Key Discussion Points:

Precious Metals Range-Bound Trading: An overview of gold ($4,500/oz) and silver price action relative to their 50-day and 200-day moving averages, and why a technical decision point is rapidly approaching.

Stagflationary Economic Drivers: How the latest downwardly revised US GDP data (1.6%) and rising PCE inflation (3.3%) are providing a fundamentally supportive backdrop for hard assets.

Unprecedented Corporate Health: A look at the record-breaking Q1 earnings and strong balance sheets of producers like Newmont, contrasting their historically low valuations against an overextended broader stock market.

The Speculative Frenzy Absence: Why the lack of a sector-wide bubble in junior equities and multi-year low open interest indicate that the precious metals sector remains completely overlooked.

Copper vs. Gold Rotations: Analysis of the strong volume and capital flowing into critical minerals and copper compared to the summer doldrums gripping gold and silver.

 

Click here to visit the Junior Miner Junky website to learn more about Dave’s investment letter - https://www.juniorminerjunky.com/

 

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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 or investment product. Investing in equities, commodities, really everything 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.