The KE Report

In this Company Update, I sit down with Tim Clark, President and CEO, and Bryan Atkinson, Senior Vice President of Exploration, of Fury Gold Mines (TSX: FURY | NYSE American: FURY). We recap recent drill results and the pathway to production at the Eau Claire Project and drilling starting soon at Committee Bay.

Key Discussion Points:

Pathway to Production: Tim discusses the strategic shift toward production, emphasizing the goal of moving to a Pre-Feasibility (PFS) or Feasibility Study (FS) within the next 12 to 18 months.

Eau Claire Drill Results: Bryan recaps the recent Phase 1 results, including a highlight of 12 g/t gold over 6.63 meters, and explains the balance between infill drilling and resource expansion.

The Gap Zone & Resource Continuity: The team details the plan to "fill the holes" in the current resource model, specifically targeting the "Gap Zone" to connect resource blocks.

Committee Bay Exploration: An update on the summer program at Committee Bay in Nunavut.

2026 Strategy: A look at the upcoming Phase 2 drill program and the hiring of a dedicated project manager to drive environmental and permitting milestones.

 

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

Click here to visit the Fury Gold Mines website to learn more about the Company and read over the recent news - https://furygoldmines.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.

[Recorded on Monday March 23rd, 2026] Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins me for a candid discussion on metals sector volatility, and the increasing disconnect we are seeing in the valuation that many of the gold, silver, and copper stocks are receiving after a violent sector correction in March. 

 

Many of the advanced explorers and developers have market caps that have cratered when compared to the value of their defined resources in the ground are worth, even after the large correction in the underlying metals prices.

 

Erik is utilizing this correction to value-shuffle into positions that have built further value but are selling off due to the general negative market sentiment.

“Volatility is the poor man’s dry powder.”

He points to all the opportunities to take advantage of panic-selling, through micro-trading amongst positions that have held up better and those seeing disproportionate selling or that have lagged despite positive news catalysts.

 

He points out that: “What you do in a serious market correction is going to set your portfolio up for years into the future.”

“I can’t afford to sell the lows of a correction, especially if I know where the long-term trend is going over the next 10 years”

 

We review the valuation disconnects between the market caps of companies that have corrected by 30%-60% just in the month of March, versus where the NPV of the projects still are at anywhere near spot metals prices.

“With the gold juniors, you don’t really care if gold is at $5,500 or $4,500 because that is already so much overkill.”

“The lower this sector goes with this panic-selling, the odds increase that there are new multi-baggers being born everyday from these valuation levels.”

 

Erik is seeing compelling valuations in the silver and copper developers, in the 2nd leg of the Lassonde Curve, as well as the legitimate gold juniors, with 3rd-party validation and large strategic investors adding value to projects of merit. 

 

Click here to follow Erik’s analysis over at The Hedgeless Horseman 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.

Glenn Jessome, President & CEO of Silver Tiger Metals (TSX.V:SLVR) (OTCQX:SLVTF), joins us for a very key development update and Company milestone.  The press release March 18th stated that the Board of Directors of Silver Tiger Metals has approved the construction decision of the surface mine; with commissioning and first pour targeted for December, 2027; at the El Tigre Silver-Gold Project in Sonora, Mexico.

 

We started off with a brief reminder on why the Company elected to take the recent financing, which closed on February 18th, in lieu of a much larger debt package with restrictive covenants. That appears to have been the right decision to bolster its strong financial position, especially in light of the market volatility that we’ve seen across the whole precious metals complex since then.

 

Silver Tiger has over US$86 million (or ~C$120 million) cash to execute on the immediate development initiatives.

The Company is also nearing completion of a debt financing package, with term sheets advanced and negotiations narrowed to select providers to provide flexible, non-dilutive capital options to support combined surface and underground development at El Tigre.

 

Silver Tiger just announced that it has entered into an Engineering Procurement and Construction Management Contract ("EPCM") with Kappes, Cassidy & Associates ("KCA") and Kappes, Cassiday del Norte S de RL de CV ("KCN") to assist in the construction of the mine and process plant at El Tigre. The Company has also now hired its own experienced mine construction executive team to work with KCA and KCN.

 

Significant development progress has already been made to date including:

 

Basic engineering for the Mine has been prepared by KCA and is 90% complete

Engineering for the heap leach and waste dump for the Mine has been completed by WSP

Land clearing for the Mine construction area has commenced, including flora and fauna rescue

The personnel camp for the Mine and the construction offices have been designed and are currently in a bid process

Engineering for improvements to the 46 km road from Colonia Morelos to El Tigre, which was built by the Corporation in 2023 and 2024, is complete and the contract to carry out the road improvements is currently in a bid process

 

 

The Company is nearing completion of its ongoing metallurgical and geotechnical drilling program in the Stockwork Zone, with this program expected to wrap up within the next 30 days.  Upon completion, the Company will immediately transition to exploration drilling targeting the high-potential vein systems north of the main El Tigre area, near the historic North Tigre Mine. This priority zone aligns directly with the El Tigre North Mine Design outlined in Section 24 of the Company's recently filed Preliminary Economic Assessment (PEA dated January 20, 2026). 

 

If you have any follow up questions for Glenn regarding Silver Tiger Metals, then please email them into me at [email protected].

 

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

 

 

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 welcome back Dave Erfle, the founder and editor of Junior Miner Junky, to make sense of one of the worst weeks for precious metals in over 40 years. Following a significant drop in gold prices and a sharp sell-off in mining equities, Dave breaks down the technical damage, the impact of global margin calls, and whether the sector has finally reached a capitulation point.

Key Discussion Points:

Market Capitulation and Deleveraging: Dave explains how the recent price action was driven by forced liquidations and margin calls rather than a shift in long-term fundamentals.

Technical Breakdown of Mining ETFs: An analysis of the GDX and GDXJ, focusing on the formation of bear flags below key support levels and the importance of the 200-day moving average.

The Disconnect Between Fundamentals and Price: Why the structural case for gold remains robust due to rising national debt, central bank buying, and stagflationary pressures, even as paper markets face extreme volatility.

Strategies for the Current Environment: The importance of maintaining cash positions during deleveraging events and why the "energy" created by this sell-off could fuel the next major move higher.

Junior Miner Performance: Insight into the high-volume spikes seen in quality junior explorers and what the Bullish Percentage Index (BPGDM) tells us about a potential bottom.

 

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.

In this Daily Editorial, we welcome back Trader Ferg, an independent speculator and author of the popular Trader Ferg Substack. As geopolitical conflicts continue to reshape global trade, Ferg joins us to discuss the structural "off-ramps" disappearing in the energy sector and where he is finding the most asymmetric value in a volatile market.

Discussion Highlights:

The Global LNG Shortfall: The discussion begins with the severe damage to Qatari LNG infrastructure, which Ferg notes could take years to fully recover. This has led to a massive energy deficit in Europe and Asia.

The Strategic Pivot to Coal: With LNG supplies constrained, Ferg highlights the "knife fight" for coal in the Asian cooling season. He identifies high-quality thermal coal as a primary beneficiary of the current energy gap.

Agriculture and the Fertilizer Link: Ferg explains why he is bullish on Corn, citing the massive disruption in fertilizer shipments through the Strait of Hormuz during peak planting season.

The Structural Bull Case for Uranium: The conversation shifts to the nuclear sector, where Ferg emphasizes that energy security concerns are forcing countries like Japan, China, and South Korea to pivot back to uranium as a reliable baseload power source.

Constraints on the AI Energy Buildout: Ferg expresses skepticism regarding the rapid expansion of AI data centers, noting that the physical constraints of the U.S. electrical grid.

 

Click here to visit Trader Ferg’s Substack. - https://traderferg.substack.com/

 

Companies & Stocks Mentioned: Whitehaven Coal (ASX: WHC), Arch Resources (NYSE: ARCH), CONSOL Energy (NYSE: CEIX), Newhope (ASX: NHC), Yancoal (ASX: YAL), Thungela Resources (LSE: TGA), Bannerman Energy (ASX: BMN), Cameco (NYSE: CCJ), Kazatomprom (LSE: KAP), Sprott Physical Uranium Trust (TSX: U.UN), Yellow Cake PLC (LSE: YCA)

 

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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.