The KE Report

In this Company Update, I sit down with Garrett Ainsworth, President and CEO of District Metals Corp. (TSX-V: DMX | OTCQB: DMXCF | Nasdaq First North: DMXSE SDB). Garrett provides a comprehensive overview of the newly launched drill program at the company’s flagship Viken Property in Sweden, reviews regional exploration results, and unpacks the key regulatory and political catalysts shaping the company’s path forward.

Key discussion topics include:

Drilling Commences at Viken: An overview of the newly mobilized drill program targeting two large, highly conductive anomalies (Target Areas A and B) identified by airborne MobileMT surveys.

Drilling Strategy and Target Geometry: Insight into the planned meterage, hole depths, and why the exploration team is prioritizing shallow, thick zones to optimize future strip ratios.

Regional Alum Shale Validation: A review of recent drilling across the Österkälen and Malgomaj licenses, where all 15 holes intersected graphitic black shale to validate the regional geophysical model.

Work Across Non-Alum Shale Assets: A progress report on ongoing field mapping, geochemical sampling, and prospecting at Svärtjärn, Nianfors, and Ardnasvarre.

Swedish Political Climate and National Interest Status: An update on the post-election landscape in Sweden, broad parliamentary support for domestic energy metals, and the timeline for the Geological Survey of Sweden’s National Interest decision.

 

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 - https://www.districtmetals.com/

 

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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 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.

In this Company Update, I sit down with Luke Alexander, President and Chief Executive Officer of Newcore Gold (TSXV: NCAU / OTCQX: NCAUF). Luke provides an exploration and corporate update on the company’s Enchi Gold Project located in southwest Ghana. With an 80,000-meter drill program ongoing and several rounds of high-grade assays recently delivered, we discuss how recent drilling success feeds into mine plan optimization, project de-risking, and the substantial disconnect between current equity valuations and project fundamentals.

Key discussion topics include:

80,000-Meter Drill Campaign Progress: An update on the pace of drilling, with roughly 30,000 meters of results still pending.

Exceptional 98% Drill Hit Rate: What this continuity metric indicates about the broader mineralized system across the Enchi property.

High-Grade Intercepts at the Boin Deposit: Insights into high-grade shallow results, including 2.59 g/t gold over 69 meters and 1.16 g/t gold over 41 meters, highlighting shallow plunging shoots.

Mine Plan Optimization Strategy: How bringing higher-grade, near-surface oxide mineralization into the early years of the mine schedule could significantly bolster project economics.

District-Scale Strike and Expansion Potential: The geological significance of Boin’s six-kilometer strike length and the open-ended potential across existing pits.

The Valuation Disconnect and Market Dynamics: A look at the gap between the company's C$100M market cap and its post-tax PFS NPV, alongside share turnover since the study's release.

Fully Funded Status and De-Risking Milestones: Treasury visibility into 2027 and the ongoing geotechnical, metallurgical, and environmental programs advancing Enchi toward future development decisions.

 

If you have any follow up questions for Luke please email me at Fleck@kereport.com.

 

Click here to visit the Newcore Gold website. - https://newcoregold.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 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.

Jason Jessup, CEO and Director of Magna Mining Inc. (TSX: NICU) (OTCQX: MGMNF) (FSE: 8YD), joins me to review the key takeaways from the Preliminary Economic Assessment (“PEA”) released after the market close on October 7th, for the restart of the fully-permitted Levack Mine, located in the North Range of the Sudbury Basin, northeastern Ontario, Canada.   We also discuss the potential for the dual-track development of 2 mines, because the Company plans to release the PFS on Crean Hill in the next few weeks.

 

 Levack PEA Highlights: (All amounts are expressed in Canadian dollars)

 

Solid production profile and short time frame to commercial production: The Levack PEA contemplates underground mining of 5.75 million short tons with 7.3 years of commercial production and average annual payable copper equivalent (“CuEq”) production of 36.8 million pounds (“lbs”) at all-in sustaining costs (“AISC”) of US$3.71 per CuEq payable pound and commercial production anticipated in mid-2028. 

Low initial capital and robust pre-commercial production operating cash flows: Initial capital costs from January 1, 2027 to the start of commercial production are estimated to be $70.1 million, after incorporating equipment financing timing effects. This initial capital is estimated to be offset by refundable tax credits of approximately $5.6 million and expected pre-commercial production operating cash flow of approximately $55.9 million using base case price assumptions1, leaving a calculated net initial funding requirement of $8.6 million. 

Rapid payback and robust base case economics: Assuming base case commodity prices, the Levack PEA estimates payback in 0.6 years with a base case after-tax Internal Rate of Return (“IRR”) of 92.4% and an after-tax NPV7% of $227.0 million. Pre-tax cash flows in 2028 and 2029 are estimated to be approximately $96.5 million per year. Using September 2026 average commodity prices, the after-tax NPV7% increases to $313.6 million and the IRR improves to 115.8%, with average pre-tax cash flows of approximately $120.6 million per year in 2028 and 2029. 

Positive potential impact from the recently announced Productivity Mega Deduction:  Incorporation of the Productivity Mega Deduction (“PMD”) could reduce the estimated federal taxes payable over the life of mine. The Levack PEA after-tax NPV7% improves by $5.1 million to $232.1 million and the IRR increases to 99.2%, by reducing total federal taxes paid by $1.6 million and accelerating the utilization of certain tax deductions. 

 

Jason goes on to discuss the exploration upside at Levack to expand resources and future mine life well above what was released in this more conservative economic study. As a reminder, all of the recent high-grade copper, nickel, platinum, palladium, and gold results from the R-2 Zone are not included in the current resources or this PEA.  There are also a number of other areas that will be getting drilling, and initiative to make another discovery at Levack.

 

Next we pivoted over to the potential for the dual-track development of Crean Hill along with Levack, after the C$140 Million strategic investment by Alpayana, that just closed on August 31st.   The Company will be releasing a Pre-Feasibility Study (PFS) in October for Crean Hill, and the board will evaluate the final construction decision at that time.

 

Wrapping up, Jason paints the value proposition for how this Company could grow into a mid-tier polymetallic base metals and precious metals producer over the next handful of years, with other permitted projects like Podolsky and Shakespeare waiting in the project development pipeline.

 

Click here to follow along with the news at Magna Mining

 

If you have questions for Jason regarding Magna Mining, then please email me at Shad@kereport.com.

 

In full disclosure, Shad is a shareholder of Magna Mining at the time of this recording, and may choose to buy or sell shares at any time. 

 

For more market commentary & interview summaries, subscribe to our Substack reports:

 

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, hosts Cory and Shad welcome Joel Elconin, Co-Host of the PreMarket Prep Show and Founder of the Stock Trader Network, to dissect an increasingly bifurcated market environment. While major indexes hover near record territory, underneath the surface, market participation tells a far more complicated story.

The Market Breadth Divergence: Major cap-weighted indexes continue pushing near all-time highs, but broad market participation is thinning rapidly as capital funnels almost exclusively into mega-cap technology leaders.

Real-Economy Warning Signs: Sharp downturns across critical logistics and transportation names point to potential headwinds for the broader economy that index-level gains may be masking.

Cash Alternatives and Concentration Risks: With risk-free Treasury paper offering 5% yields, we examine why investors remain hesitant to step aside and whether widespread institutional crowding in Big Tech creates systemic exposure.

AI Sentiment and Earnings Expectations: Rumored revenue adjustments in enterprise artificial intelligence are putting suppliers, data center plays, and software partners under the microscope ahead of a critical earnings season.

S&P 500 Technical Benchmarks: A review of where the cash index stands relative to its 50-day moving average and what technical signals separate a standard market pullback from a meaningful trend reversal.

 

Stocks and Symbols Mentioned: S&P 500 Index (SPX / SPY), Berkshire Hathaway (BRK.A / BRK.B), iShares 20+ Year Treasury Bond ETF (TLT), iShares Russell 2000 ETF (IWM), J.B. Hunt Transport Services (JBHT), FedEx (FDX), United Parcel Service (UPS), Oracle (ORCL), Micron Technology (MU), Broadcom (AVGO), Delta Air Lines (DAL), and Alphabet (GOOGL). 

 

Click here to visit Joel’s PreMarket Prep website - https://www.premarketprep.com/

 

Click here to visit the Stock Trader Network - https://www.stocktradernetwork.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.

In this Company Update, we sit down with Mike Allen, President and CEO of StrikePoint Gold Inc. (TSX-V: SKP, OTCQB: STKXF), to discuss the transformational acquisition of the Northumberland Project from Newmont Corporation in Nevada's Walker Lane trend. Supported by an upsized $190 million bought deal financing and a newly fortified treasury, Mike details how this transaction reshapes the company, the geologic merits behind the 4+ million ounce gold-equivalent resource, and what the market can anticipate as drilling commences this fall.

Discussion highlights include:

The Flagship Northumberland Acquisition: Background on acquiring this premier Walker Lane asset from Newmont, the historical exploration context, and how the multi-million-ounce resource provides a foundation for rapid corporate scaling.

Upsized Financing and Balance Sheet Strength: The institutional appetite that pushed initial financing targets to an upsized $190 million bought deal, leaving approximately $90 million in cash to establish a clear two-year runway.

Geologic Scale and World-Class Analogs: Insights into the Carlin-style stratigraphic system and why technical comparisons to multi-million-ounce deposits like Goldstrike’s Betze-Post highlight substantial expansion potential.

Target Areas and Fall Drilling Plans: Utilizing five active drill permits to quickly test un-drilled near-pit gaps, open lateral extensions, down-dip continuity, and untested regional soil anomalies.

Portfolio Strategy and Regional Synergy: How the company intends to maximize value from existing Walker Lane assets, Hercules and Cuprite, alongside potential long-term synergies near Kinross Gold’s Round Mountain operation.

 

Please email us with any follow up questions for Mike. Our email addresses are Fleck@kereport.com and Shad@kereport.com. 

 

Click here to visit the Strikepoint Gold website to learn more about the Company. 

 

-------------------------

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.