The KE Report

In this KE Report daily editorial, we’re joined by Dana Lyons, fund manager and editor of the Lyons Share Pro, for a wide-ranging discussion on how to trade extreme momentum while managing risk in today’s broad-based bull market. With silver up over 30% in just the first weeks of the year and nearly doubling in price since late November, Dana breaks down how technical traders assess parabolic moves - and why having a disciplined, objective system is essential when emotions run high. The conversation expands well beyond precious metals, covering leadership shifts across equity markets, sector rotation, international strength, and why some popular trades may be losing momentum.   Click here to visit the Lyons Share Pro website and learn more about Dana’s investment services - https://lyonssharepro.com/ ----------------- 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 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 update, Stephen Soock, VP of Investor Relations and Development at Heliostar Metals (TSX-V: HSTR | OTCQX: HSTXF), details the company's 2026 Production guidance and its path to 500,000 ounces of gold production by 2030. Interview Highlights: 2026 Production Targets: Heliostar has set guidance at 50,000 - 55,000 ounces of gold. The "center of gravity" for production is shifting to the San Agustin mine (30k-33k oz), supported by the La Colorada mine (20k-22k oz). Silver Price Tailwind: The company expects to produce ~300,000 ounces of silver this year. While budgeted at $47.50/oz, current spot prices (recently over $90/oz) could add over an estimated $8M in additional cash flow, significantly lowering gold byproduct AISC. Self-Funded Exploration: Heliostar plans to reinvest $27M of its 2026 operating cash flow into exploration. The 2030 Vision: The company aims to reach 300,000 oz/y organically through the development of Ana Paula and Cerro del Gallo, with a long-term goal of 500,000 oz/y by 2030 via strategic M&A.   Please email me at [email protected] 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 - https://www.heliostarmetals.com/   --------------------- 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 company update, we’re joined by Luke Alexander, President & CEO of Newcore Gold, to discuss recent high-grade drill results and what’s ahead in 2026. The conversation highlights the deepest drilling completed to date at the Enchi Gold Project in Ghana, including standout high-grade gold intercepts that support the company’s geological model and underground expansion potential. With a 1.71 million ounce gold resource (indicated + inferred), Newcore Gold is moving forward with continued drilling (45,000 meters underway), an upcoming Pre-Feasibility Study (PFS), and a resource update - while keeping a clear focus on advancing the project toward production.   If you have any follow up questions for Luke please email me at [email protected]. Click here to visit the Newcore Gold 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 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.

Bob Archer, President and CEO of Pinnacle Silver & Gold (TSX-V:PINN) (OTC: PSGCF), joins me to unpack the upcoming initial Phase 1 drill program, along with the big picture development roadmap towards near-term production in 2 years at the Company’s El Potrero Gold-Silver Project in Durango, Mexico.   The El Potrero Project contains a low-sulphidation epithermal gold-silver system that has been traced for more than 1,600 metres along strike and 500 metres in width in the northern part of the property. Pinnacle’s geological team has been conducting extensive and systematic surface and underground mapping and sampling comprising 1,196 samples in 2025.   Pinnacle recently conducted an airborne LiDAR survey across the entire 11 km2 property, from which 64 adits, 6 shafts and 51 prospecting pits were interpreted by a leading consultant in this field.  While many of these lie along the Dos de Mayo vein structure in the northern 10% of the property, confirming the trend, most of the remainder lie on the other 90% that has yet to be explored.    This Phase 1 program will be a number of shorter 20-25meter holes piercing the walls and ceilings at approximately 6 priority targets initially, with many more targets identified.   There will also be surface drilling incorporated in tandem, once the underground drilling is well underway.   The Phase 1 exploration will focus on 2 of the 3 historic mining areas: the Dos de Mayo and Pinos Cuates initially.  In future phases of exploration the company will also explore the third historic mining area around La Dura.   Bob also outlines the vision to rapidly move from exploration, to development, with a goal to first production in about 2 years.  There are distinct advantages to having a brownfields site with underground development already in place and an existing processing plant on site, that is estimated to be capable of processing about 100 tonnes per day utilising crushing, milling, vat leach and Merrill Crowe circuits.  The plant will need new equipment, but Pinnacle has cleaned up the plant site and surrounding infrastructure and conducted a preliminary assessment of the cost to rebuild the plant and install a dry-stack tailings facility.    The company has undergone initial metallurgical testing with three samples taken from underground at the historic Pinos Cuates mine, the central of the three main mines on the Dos de Mayo structure, and sent to SGS Durango for preliminary test work. Given that these were preliminary tests, there was no optimization, yet the results from leach tests indicated gold recoveries ranging from 92.81% to 96.79% and averaging 95.09%.  Silver recoveries were lower and more variable, due to more complex mineralogy, and ranged from 41.41% to 73.53%, averaging 54.68%.  Mineralogical studies and further optimization will be required to obtain consistently higher silver recoveries.   The Company is currently closing a C$2.52M financing to cover both the underground and surface programs through 2026.  Down the road, Pinnacle also envisions an off-take agreement that will help bring in non-dilutive capital to fund the initial capex for plant refurbishment, underground development work, extending the powerline to grid access, and for working capital.   Click here to follow the latest news from Pinnacle Gold and Silver   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 KER Market QuickTake, the first market discussion of 2026, we dive into the explosive moves across precious metals - particularly silver’s historic surge above $90 - while questioning why mining equities continue to lag far behind the metals themselves. Despite gold reaching new all-time highs and silver delivering one of its strongest breakouts in decades, investor enthusiasm toward precious metal stocks remains surprisingly muted. Cory and Shad break down the disconnect, explore sector rotation into industrial and energy metals, and explain what could finally ignite the next leg higher for miners.   Let us know your thoughts on the KER Market QuickTakes - [email protected] and [email protected]    ---------------- 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.