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.
Elemental Royalty Corp – Value Proposition Of This Intermediate Royalty Company
Elemental Royalty Corp (TSX.V: ELE) (Nasdaq: ELE)
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Big-picture rationale for this merger; creating a larger royalty company of scale
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Global tour of their diversified portfolio of royalties across precious metals & critical minerals
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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/
TriStar Gold – Castelo de Sonhos Nearing a Development Decision
TriStar Gold (TSX.V: TSG)
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Environmental permitting continues to advance at Castelo de Sonhos in Brazil
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Clear roadmap toward construction and development decisions
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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/
Silver Storm Mining – Restart Potential at La Parrilla
Silver Storm Mining (TSX.V: SSRM)
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La Parrilla positioned as a near-term silver restart story
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Exploration upside could materially extend mine life
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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/
Goliath Resources – Multiple High-Grade Gold Batches Reported
Goliath Resources (TSX.V: GOT)
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New high-grade gold assays from Bonanza-Sheer Zone
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Reduced Intrusion mineralized dykes add scale potential
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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/
Troilus Mining – Advancing a Large-Scale Gold-Copper Project
Troilus Mining (TSX: TLG)
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Capital stack starting to come together
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Engineering and permitting advancing in parallel
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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/
Aztec Minerals – Expanding the Drill Program at Tombstone
Aztec Minerals (TSX.V: AZT)
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Drill program expansion targets higher-confidence zones
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Focus on unlocking scale at the Tombstone project
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Strong exploration momentum heading into 2026
🔗 https://www.kereport.com/2025/12/09/aztec-minerals-expanding-the-drill-program-at-tombstone/
Contango Ore & Dolly Varden Silver – Merger Breakdown
Contango Ore (NYSE-A: CTGO) – Dolly Varden (NYSE.A:DVS – TSX.V:DV)
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Strategic rationale behind the Dolly Varden Silver merger
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Long-term growth vision and asset synergies
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What the combined company aims to achieve next
🔗 https://www.kereport.com/2025/12/09/contango-ore-dolly-varden-silver-merger-breakdown-growth-vision/
Thesis Gold – PFS Highlights Massive Project Economics
Thesis Gold (TSX.V: TAU)
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After-tax NPV(5%) of $4.36B at $4,100 gold and $51 silver
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IRR of 87.8% underscores leverage to metals prices
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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/
Vizsla Silver – $300M Financing Changes the Trajectory
Vizsla Silver (TSX & NYSE.A: VZLA)
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Major financing provides full flexibility
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Fast-track pathway toward production
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Strong balance sheet reshapes the risk profile
🔗 https://www.kereport.com/2025/12/10/vizsla-silver-300m-financing-full-flexibility-fast-track-to-production/
Emerita Resources – Awaiting Key Court Decision
Emerita Resources (TSX.V: EMO)
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Administrative court decision pending on Aznalcóllar tender
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IBW, San Antonio, and Nuevo Tintillo provide optionality
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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/
Q2 Metals – Record-Setting Lithium Pegmatite Hole
Q2 Metals (TSX.V: QTWO)
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Best lithium pegmatite hole ever drilled for the company
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Implications for scale and future drilling strategy
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Growing relevance in a tightening lithium market
🔗 https://www.kereport.com/2025/12/11/q2-metals-the-best-lithium-pegmatite-hole-ever-drilled/
AbraSilver – Testing Porphyry Potential at Oculto East
AbraSilver (TSX.V: ABRA)
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Broad 274-metre intercept grading 0.60 g/t gold
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Porphyry potential opens a new exploration vector
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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/
Scottie Resources – Trial Mining Generates Cash Flow
Scottie Resources (TSX.V: SCOT)
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Bulk sample expected to generate ~$9M CAD
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Ore sorting and FS workstreams advancing
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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/
Arizona Sonoran Copper – Key PFS Metrics at Cactus
Arizona Sonoran Copper (TSX: ASCU)
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Updated mine plan and development metrics
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Permitting and exploration moving forward
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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/
Summit Royalties – Growth Catalysts for a New Royalty Player
Summit Royalties (TSX.V: SMIT)
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Portfolio of 47 royalties provides diversification
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Near-term growth catalysts identified
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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/
Heliostar Metals – Building Toward 300,000 oz/Year
Heliostar Metals (TSX.V: HSTR)
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Cerro del Gallo PFS outlines scalable production
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Clear growth vision through phased development
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Strong leverage to rising gold prices
🔗 https://www.kereport.com/2025/12/12/heliostar-metals-cerro-del-gallo-pfs-building-toward-300000-oz-year/
Banyan Gold – Extending High-Grade Mineralization at AurMac
Banyan Gold (TSX.V: BYN)
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Drilling continues to expand high-grade zones
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Mineralization extending inside and outside 7.7 Moz resource
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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/
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
Americas Gold and Silver – Galena Optimization, Crescent Silver Mine Acquisition
Americas Gold and Silver (TSX: USA) (NYSE American: USAS)
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Multiple optimization initiatives at Galena will lead to production and revenue growth
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Acquisition of the nearby Crescent Silver Mine in Idaho for increased grade
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Focus on development and future production from EC120 at Cosala operations
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