The KE Report

In this company update, I sat down with Luke Alexander, President and CEO of Newcore Gold (TSX.V:NCAU - OTCQX:NCAUF), to discuss the milestones achieved at the Enchi Gold Project in Ghana. Following the recent injection of $10.3 million from warrant proceeds, Luke provides a deep dive into the company’s ongoing 45,000 meter program (soon to be increased), the discovery of high-grade feeder zones, and what investors can expect as the company advances toward a Pre-Feasibility Study (PFS) in mid-2026.

Key Discussion Points:

Exploration Progress and Expansion: The company has completed approximately two-thirds of its 45,000-meter drill program, with plans to expand further thanks to a strong cash position.

High-Grade Deep Discovery: Recent results highlighted intercepts such as 147.5 g/t gold over 1 meter, signaling significant high-grade underground potential similar to neighboring world-class mines.

Strategic Shift to CIL: Luke explains the move to a CIL processing flow sheet, which is expected to increase gold recoveries by 10–15% compared to previous heap-leach models.

Upcoming Catalysts: The discussion covers the timeline for the updated Mineral Resource Estimate (MRE) and the much-anticipated release of the PFS slated for June 2026.

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

Click here to visit the Newcore Gold website. 

 

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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.

John Rubino, [Substack https://rubino.substack.com/ ], joins me for another wide-ranging and nuanced discussion around the geopolitical and macroeconomic catalysts and technical momentum factors that are leading to volatility in precious metals like silver, gold, and the related PM stocks; in addition to the oil price and energy stocks.  We also review initiatives from industry and governments around the world to secure domestic supplies of critical minerals like copper, uranium, and rare earths.

 

We start off reviewing the volatility and choppy precious metals markets, and how the PM stocks are not fully factoring in the higher metals prices into their current valuations, giving investors accumulating weakness in quality companies an edge. He contrasts the shorter-term weakness from distracted markets processing the overwhelming in the news cycle, against the longer-term positive ongoing tailwind catalysts for the precious metals; arising from central bank buying of gold, concerns about the growing national debt, and the desire to cut interest rates and run the economy hot to try and grow the US out of the economic challenges it faces, which will end up being even more inflationary.

 

We review that many royalty companies,like Triple Flag PMs and OR Royalties, and PM producers, like Newmont, are actually not growing production year over year, but they are still being bailed out by the higher metals prices lifting their margins and cash flows even higher.  While some market observers may get fixated on that, John points out that their growing piles of cash on the balance sheet will eventually be used for merger & acquisitions deals to source more ounces in the ground or production from smaller companies in the year to come.

 

Next we pivot over to the extreme surge higher in oil prices due to the conflict in the Middle East, and what this means for mining company margins, a tax to consumers and businesses at the gas pump, and how it will tie into higher inflation for the governments and central banks to try and address with few good policy tool options. John also brings up how those fiscal and monetary policies will affect global currencies and interest rates; which should remain longer-term bullish factors for the precious metals.  

 

We discuss the unfolding broader commodities supercycle with copper and critical minerals deposits being of high interest to the US government and nations around the world ins sourcing supplies outside of China.  

The discussion is also taking place about the government setting pricing floors in many critical minerals to encourage development of domestic mineral deposits or with trading partners, getting around the artificially low prices set by China.

We also discuss the large capex spends from tech and AI companies and how commodity intensive that physical buildout will be in combination with the energy needs.

John stresses the importance of investors continuing to get educated on the specific uses and demand factors in some of the more niche’ critical minerals and energy metals. This knowledge will allow investors to better understand the individual companies they are investing in, and which ones may be of interest by the governments or larger producers for supporting the new development and processing of critical minerals.

 

Click here to follow John’s analysis and articles over at Substack

 

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.

The 2026 PDAC convention in Toronto served as a wake-up call for the mining industry. While attendance reached record highs, the market's behavior has shifted from the broad "rising tide" of previous years to a much more selective, volatile environment. This week, we sit down with Brian Leni (Junior Stock Review) and Dave Erfle (Junior Miner Junky) to discuss why the "smart money" is moving away from lifestyle juniors and toward high-conviction developers in gold, silver, and copper.

Segment 1 & 2 - I kick off the show with Brian Leni, the founder and editor of the Junior Stock Review and host of Field Notes on YouTube. Leni provides a recap of the PDAC conference in Toronto and analyzes current market volatility while sharing his specific investment strategies for high-quality developers and explorers in the gold, silver, and copper sectors.

Click here to visit the Junior Stock Review website to keep up to date on what Brian is investing in - https://www.juniorstockreview.com/

 

Segment 3 & 4 -  Dave Erfle, founder and editor of the Junior Miner Junky, wraps up the show sharing takeaways from the PDAC conference and the current investment landscape. Erfle highlights the extreme volatility in precious metals, emphasizing the importance of betting on successful management teams and high-quality projects as the market navigates geopolitical uncertainty and the potential for a "PDAC curse" correction.

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

 

If you enjoy the show, be sure to subscribe to our podcast feed (KER Podcast), YouTube channel, and follow us on X for more market commentary and company interviews. Don’t forget to subscribe and leave us a review!

 

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 episode, we are joined by Brien Lundin, Editor of the Gold Newsletter and host of the prestigious New Orleans Investment Conference. Brien provides an insider’s recap of the recent PDAC and MIF conferences in Toronto, sharing why he believes the resource sector is currently on the verge of a historic re-rating.

Key Discussion Points:

Market Sentiment and PDAC Recap: Brien discusses the overwhelming enthusiasm at recent industry conferences, noting that for the first time in years, the vast majority of companies are presenting fundamentally strong investment arguments.

The Power of Cut-Off Grades: As gold prices reach new heights, companies are recalculating their resources. Brian explains how dropping a cut-off grade can instantly increase a project’s defined ounces by 50% to 100%, significantly boosting the bottom line.

Production vs. Exploration Dynamics: While majors are maximizing production to capture high margins, Brien highlights why the exploration end of the market remains the most exciting area for triple-digit returns.

Strategic Stock Picks: Brien shares his current outlook on specific companies, including Prospector Metals (PPP.V) and Cassiar Gold (GLDC.V), as well as emerging opportunities in critical metals like tungsten through Spartan Metals (SPAT.CN).

A Dual Bull Market: We explore the rare occurrence of a simultaneous secular bull market in both monetary metals (gold and silver) and base metals (copper), driven by intense supply constraints and high demand from the tech sector.

 

Click here to learn more about the New Orleans Investment Conference on November 2-5. - https://rebrand.ly/NOIC2025 

 

Companies Mentioned:

Prospector Metals Corp. (TSX-V: PPP)

Cassiar Gold Corp. (TSX-V: GLDC)

Spartan Metals Corp. (CSE: SPAT)

T2 Metals Corp. (TSX-V: TWO)

Vizsla Silver Corp. (TSX-V: VZLA)

 

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

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 episode, we are joined by Craig Nicol, Founder and CEO of Graphene Manufacturing Group (GMG). Craig provides a comprehensive update on the company’s transition from development to commercial scale, highlighting the recent update on the Gen 2.0 Graphene Manufacturing Technology plant. Craig also discusses the expansion of their global sales team, and the real-world performance testing of their flagship products.

Key Discussion Points:

The Gen2 Production Leap: Craig explains how the new facility will increase capacity to 10 tons of graphene per annum using the same natural gas input as current operations.

High-Performance Partnerships: A look into the collaboration with Tickford Racing, where GMG’s G® Lubricant and THERMAL-XR® are being put to the ultimate test in the Australian Supercars series.

Commercial Revenue & Sales Strategy: With over 15 sales professionals now active globally, the company is focused on converting a growing pipeline of test orders into major commercial contracts.

Thermal-XR & Data Center Opportunities: An update on the EPA approval process in the U.S. and the massive potential for graphene coatings to reduce energy consumption in data centers.

Graphene Aluminum-Ion Batteries: Craig explains the competitive edge of GMG’s battery technology vs solid-state batteries.

 

Please keep the questions coming! Email me at [email protected].

Click here to visit the GMG 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.