Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to review the value proposition that caught his attention in the news from 1 advanced developer expediting the move into production, along with 2 earlier-stage gold and copper exploration companies; both going after drill targets on large potential Tier-1 deposits that would be of interest to senior producers if discoveries are made.

 >> The companies we discussed in the interview are:

• Montage Gold Corp. (TSX: MAU, OTCQX: MAUTF) – On Jan. 19, 2026, Montage announced that rapid construction progress continues to be made at its Koné project, in Côte d’Ivoire; where the first gold pour through the oxide circuit is now anticipated, ahead of schedule in late Q4-2026.

• Inflection Resources Ltd. (CSE: AUCU) (OTCQB: AUCUF) – On January 19, 2026 Inflection provided an update on drilling completed in New South Wales, Australia under the Exploration Agreement with AngloGold Ashanti Australia Ltd. High-grade gold was intersected in a new standalone target area within the Trangie district. Drill hole TRNDH032 returned 3.0 metres grading 7.72 g/t gold from skarn-style alteration. 83 air-core drill holes are planned to commence on the Trangie project in February to follow-up on the recent intercept in hole TRNDH032 and earlier porphyry gold-copper mineralisation intersected in hole TRNDH023; and

• K2 Gold Corporation (TSXV: KTO) (OTCQB: KTGDF) – On January 19, 2026) K2 Gold announced its plan to commence drilling at the Company’s Si2 Project, located near Tonopah, Nevada, on or about January 21, 2026. The drill program will test a series of high-priority structural and geochemical targets generated through comprehensive geological studies completed in 2025, along with recently acquired geophysical information, including fluid-inclusion analysis, alteration mineralogy, age dating, an integrated structural interpretation, and IP survey. These studies collectively indicate that Si2 represents the upper levels of a large, intact low-sulphidation epithermal system, and the drill program is fully funded and will consist of up to 2000 metres over 4-6 drill holes.

* In full disclosure, some companies mentioned by Erik in this interview, are positions held in his personal portfolio, and also may be site sponsors of The Hedgeless Horseman website at the time of this recording.

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