This Week on the KE Report – Development Momentum, Big Drill Results, and Capital Moves

From permitting progress and PFS updates to high-grade drill hits and major financings, this week’s interviews cover companies moving decisively along the value curve. Below are the key themes from each conversation – with links to listen in full.

 

 

 

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Elemental Royalty Corp – Value Proposition Of This Intermediate Royalty Company

Elemental Royalty Corp (TSX.V: ELE) (Nasdaq: ELE)

• Big-picture rationale for this merger; creating a larger royalty company of scale

• Global tour of their diversified portfolio of royalties across precious metals & critical minerals

• Importance of having Tether Investments as their key strategic shareholder
  🔗 https://www.kereport.com/2025/12/07/elemental-royalty-corp-value-proposition-of-this-pro-forma-intermediate-royalty-company-and-the-significance-of-tether-investments-as-their-key-strategic-stakeholder/

 

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TriStar Gold – Castelo de Sonhos Nearing a Development Decision

TriStar Gold (TSX.V: TSG)

• Environmental permitting continues to advance at Castelo de Sonhos in Brazil

• Clear roadmap toward construction and development decisions

• Management outlines remaining milestones and timelines
  🔗 https://www.kereport.com/2025/12/08/tristar-gold-castelo-de-sonhos-project-permit-progress-the-path-to-development/

 

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Silver Storm Mining – Restart Potential at La Parrilla

Silver Storm Mining (TSX.V: SSRM)

• La Parrilla positioned as a near-term silver restart story

• Exploration upside could materially extend mine life

• Focus on capital discipline and phased production growth
  🔗 https://www.kereport.com/2025/12/08/silver-storm-mining-la-parrilla-project-a-near-term-silver-restart-with-exploration-growth-potential/

 

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Goliath Resources – Multiple High-Grade Gold Batches Reported

Goliath Resources (TSX.V: GOT)

• New high-grade gold assays from Bonanza-Sheer Zone

• Reduced Intrusion mineralized dykes add scale potential

• Exploration model continues to strengthen with each release
  🔗 https://www.kereport.com/2025/12/08/goliath-resources-several-batches-of-high-grade-gold-assays-reported-from-both-the-bonanza-sheer-zone-and-the-reduced-intrusion-mineralized-dykes/

 

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Troilus Mining – Advancing a Large-Scale Gold-Copper Project

Troilus Mining (TSX: TLG)

• Capital stack starting to come together

• Engineering and permitting advancing in parallel

• Exploration upside remains a key value driver
  🔗 https://www.kereport.com/2025/12/08/troilus-mining-a-gold-copper-project-of-scale-capital-stack-coming-together-basic-and-detailed-engineering-studies-permitting-progress-and-exploration-upside/

 

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Aztec Minerals – Expanding the Drill Program at Tombstone

Aztec Minerals (TSX.V: AZT)

• Drill program expansion targets higher-confidence zones

• Focus on unlocking scale at the Tombstone project

• Strong exploration momentum heading into 2026
  🔗 https://www.kereport.com/2025/12/09/aztec-minerals-expanding-the-drill-program-at-tombstone/

 

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Contango Ore & Dolly Varden Silver – Merger Breakdown

Contango Ore (NYSE-A: CTGO) – Dolly Varden (NYSE.A:DVS – TSX.V:DV)

• Strategic rationale behind the Dolly Varden Silver merger

• Long-term growth vision and asset synergies

• What the combined company aims to achieve next
  🔗 https://www.kereport.com/2025/12/09/contango-ore-dolly-varden-silver-merger-breakdown-growth-vision/

 

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Thesis Gold – PFS Highlights Massive Project Economics

Thesis Gold (TSX.V: TAU)

• After-tax NPV(5%) of $4.36B at $4,100 gold and $51 silver

• IRR of 87.8% underscores leverage to metals prices

• Lawyers Ranch shaping up as a standout development story
  🔗 https://www.kereport.com/2025/12/09/thesis-gold-lawyers-ranch-project-pfs-highlights-an-after-tax-npv5-of-4-36-billion-and-an-irr-of-87-8-at-4100-gold-and-51-silver/

 

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Vizsla Silver – $300M Financing Changes the Trajectory

Vizsla Silver (TSX & NYSE.A: VZLA)

• Major financing provides full flexibility

• Fast-track pathway toward production

• Strong balance sheet reshapes the risk profile
  🔗 https://www.kereport.com/2025/12/10/vizsla-silver-300m-financing-full-flexibility-fast-track-to-production/

 

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Emerita Resources – Awaiting Key Court Decision

Emerita Resources (TSX.V: EMO)

• Administrative court decision pending on Aznalcóllar tender

• IBW, San Antonio, and Nuevo Tintillo provide optionality

• Deep value proposition remains intact
  🔗 https://www.kereport.com/2025/12/10/emerita-resources-the-aznalcollar-tender-still-awaits-the-administrative-court-decision-the-value-proposition-of-ibw-san-antonio-and-nuevo-tintillo/

 

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Q2 Metals – Record-Setting Lithium Pegmatite Hole

Q2 Metals (TSX.V: QTWO)

• Best lithium pegmatite hole ever drilled for the company

• Implications for scale and future drilling strategy

• Growing relevance in a tightening lithium market
  🔗 https://www.kereport.com/2025/12/11/q2-metals-the-best-lithium-pegmatite-hole-ever-drilled/

 

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AbraSilver – Testing Porphyry Potential at Oculto East

AbraSilver (TSX.V: ABRA)

• Broad 274-metre intercept grading 0.60 g/t gold

• Porphyry potential opens a new exploration vector

• Adds scale beyond the core silver-gold resource
  🔗 https://www.kereport.com/2025/12/11/abrasilver-resource-drill-hole-testing-porphyry-potential-at-oculto-east-intercepts-broad-mineralization-of-274-metres-grading-0-60-g-t-gold/

 

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Scottie Resources – Trial Mining Generates Cash Flow

Scottie Resources (TSX.V: SCOT)

• Bulk sample expected to generate ~$9M CAD

• Ore sorting and FS workstreams advancing

• Clear pathway toward DSO and near-term production
  🔗 https://www.kereport.com/2025/12/11/scottie-resources-trial-mining-bulk-sample-will-generate-cad9m-update-on-ore-sorting-feasibility-study-workstreams-exploration-program-and-dso-pathway/

 

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Arizona Sonoran Copper – Key PFS Metrics at Cactus

Arizona Sonoran Copper (TSX: ASCU)

• Updated mine plan and development metrics

• Permitting and exploration moving forward

• Capital raise pathway becoming clearer
  🔗 https://www.kereport.com/2025/12/11/arizona-sonoran-copper-key-metrics-from-the-cactus-project-pfs-envisioned-mine-plan-exploration-update-permitting-capital-raise-pathway-to-development/

 

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Summit Royalties – Growth Catalysts for a New Royalty Player

Summit Royalties (TSX.V: SMIT)

• Portfolio of 47 royalties provides diversification

• Near-term growth catalysts identified

• Royalty model offers leverage with limited risk
  🔗 https://www.kereport.com/2025/12/12/summit-royalties-coming-growth-catalysts-for-this-newly-listed-company-holding-a-portfolio-of-47-royalties/

 

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Heliostar Metals – Building Toward 300,000 oz/Year

Heliostar Metals (TSX.V: HSTR)

• Cerro del Gallo PFS outlines scalable production

• Clear growth vision through phased development

• Strong leverage to rising gold prices
  🔗 https://www.kereport.com/2025/12/12/heliostar-metals-cerro-del-gallo-pfs-building-toward-300000-oz-year/

 

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Banyan Gold – Extending High-Grade Mineralization at AurMac

Banyan Gold (TSX.V: BYN)

• Drilling continues to expand high-grade zones

• Mineralization extending inside and outside 7.7 Moz resource

• One of the most active Yukon drill stories
  🔗 https://www.kereport.com/2025/12/12/banyan-gold-aurmac-drilling-update-extending-high-grade-mineralization-within-and-outside-of-the-7-7moz-resource/

 

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Magna Mining – Q3 Financials At McCreedy West, Development At Levack

Magna Mining (TSX.V: NICU)

• Q3 Financials and Operations at McCreedy West  Copper-Nickle-PGMs-Gold Mine
• New R2 Zone drill results & multiple areas moving towards development at Levack Mine
• Further derisking and development work ongoing at Crean Hill Project

🔗 https://www.kereport.com/2025/12/12/magna-mining-q3-financials-and-operations-review-at-mccreedy-west-exploration-results-and-development-pathway-at-levack-and-crean-hill-update/

 

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Americas Gold and Silver – Galena Optimization, Crescent Silver Mine Acquisition 

Americas Gold and Silver (TSX: USA) (NYSE American: USAS)

• Multiple optimization initiatives at Galena will lead to production and revenue growth

• Acquisition of the nearby Crescent Silver Mine in Idaho for increased grade

• Focus on development and future production from EC120 at Cosala operations

🔗 https://www.kereport.com/2025/12/12/americas-gold-and-silver-optimization-of-the-galena-operations-acquisition-of-the-crescent-silver-mine-the-ec120-mine-ramp-up-at-cosala/

 

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