Scott Petsel, President of Metallic Minerals (TSX.V:MMG – OTCQB:MMNGF), joins us for a comprehensive review of all the 2026 catalysts on tap at the La Plata Copper-Silver-PGM Project in Colorado, along with the Keno Silver Project and their portfolio of gold alluvial royalty claims in the Yukon.

We start off taking a deeper dive into the value proposition of coming updated Resource Estimate due out in Q1 this year at their flagship La Plata Copper-Silver Project, near Durango, Colorado. Scott outlines that around 4,500 additional meters drilled have not yet been added into the existing 1.21-billion-pound copper and 17.6-million-ounce silver inferred mineral resource, and that the upcoming resource update will also add in resource values from gold, platinum, and palladium for the first time; which have not previously been included. 

We also reviewed the growing interest in other critical minerals on the project like tellurium, vanadium, scandium, gallium, lanthanum, and yttrium and if this may entice more interest from the US government in providing support for fast-tracking the development of this project.

The Company is in the planning phase at this point to determine this year’s exploration plan for both expanding known mineralization, and also testing a few more of the 10-15 other ptential porphyry target across their land package.   This district-scale exploration would be of interest to their strategic partners at Newmont Corporation, that has maintained their 9.5% strategic equity investment in Metallic Minerals due to their interest in the prospectivity for both copper and precious metals at the La Plata Project.

Next we shifted over to the Keno Silver project, where more drilling was completed last year, and there are plans to gear up more drilling again in this 2026 exploration season. Scott also highlights how the big rise in silver prices may actually expand mineralized inventory at this Project, which hosts a defined 18.16 million ounces of silver equivalent (inferred), over 4 deposits (Formo, Fox, Caribou and Homestake). The board is currently evaluating the exploration program for Keno Silver in the 2026 season.

Wrapping up, we discussed the gold and silver royalty portfolio across their alluvial mining claims in the Yukon Territory, Canada. Now in its third consecutive year of gold production, Metallic Minerals expects record royalty revenues in 2025 from its Australia Creek and nearby Dominion Creek properties. Both areas lie within the heart of the historic Klondike Goldfields, which have produced more than 20 million ounces of gold since the legendary 1898 gold rush.

The Company also holds substantial alluvial claims in the Keno Hill silver district, overlapping its high-grade Keno Silver Project, where over 16,000 ounces of alluvial gold were produced from 2015 to 2021. Exploration programs launched in September at both Australia Creek and South Keno included drilling and geophysical surveys to define new zones of recoverable native gold and silver and to advance future royalty-based production and add in new operating partners this year from these large-scale alluvial systems.

If you have any follow up questions for Scott on Metallic Minerals, then please email us at Fleck@kereport.com  or Shad@kereport.com.

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