Cory Fleck

Aztec Minerals - Land Consolidation at Tombstone, Expanding Drill Targets & Path to Maiden Resource

• Top takeaway Frames the Aug 26 land package expansion as a major investor milestone, emphasizing the sixfold growth in land position since 2017
• Notes that drill results from the newly consolidated northern ground are already paying off, which he presents as validation of the consolidation strategy

Aztec Minerals (TSX-V: AZT) added 241 surface acres plus 414 mineral acres at its Tombstone gold-silver project, growing the land package sixfold since 2017. Hole 39 in the newly consolidated north target cut 88.4m at 1.42 g/t gold plus roughly 15 g/t silver; 11 more drill holes are pending assays. The 22,000-meter drill program is at 21,000 meters complete; the company plans to announce a drill program expansion into fall within weeks. An upcoming maiden mineral resource estimate will draw on roughly 30,000 meters of drilling across a 1.4-kilometer strike, with continued drilling targeting western and southern step-outs. Treasury holds over $3 million in cash plus incoming warrant exercises, fully funding the next phase of exploration.

Graphene Manufacturing Group - Launching G FLUID⁠™, Battery Development Update, Scaling G® LUBRICANT

• Top takeaway Hosts the segment, steering discussion through the G-Fluid launch news, battery cycle-life questions, and G-Lubricant; relays audience-submitted questions from the prior webinar and explicitly flags G-Lubricant as the under-discussed opportunity.

GMG launched G FLUID, a graphene water-based coolant additive claiming roughly 20% better heat transfer and antibacterial benefits for data centers and industrial cooling. The patent-pending G FLUID rollout rides GMG existing distributor channels, and the CEO flags bulk sales before year-end as realistic given early demand. The battery division is rebranding as a lightning graphene cell, still on track to ship test cells this year while leaning on Rio Tinto and BIC for scale partnerships. G LUBRICANT shows 15 percent fuel-savings claims with no named competitors, more than 100 product trials underway, and oil majors and OEMs approaching GMG directly. Cycle life testing at zero to 100 percent full charge in six minutes is the last gating step before GMG ships sample cells to potential customers.

Santacruz Silver – Strong Q2 2026 Financials & Operations and Ongoing Growth Initiatives This Year

• Top takeaway Co-host Cory Fleck frames Q2 2026 around the year-over-year jump in the top-line metrics (revenue +55%, gross profit +102%, adjusted EBITDA +74%, cash +82%) and highlights the AISC improvement from ~$29 to ~$22 per silver ounce as the cost-discipline story.
• Fleck argues the trapped Bolivian concentrate 'didn't disappear, just shifted quarters,' reinforcing the Q3 setup, and frames Zimapan's growth path as a 'triple-pronged approach' combining Caraxal drilling, first-time drilling at the Monte Mine, and a maiden resource estimate.

Santacruz Silver posted strong Q2 results — revenue up 55% YoY — but a $36M Bolivian tax hit and $16M non-cash CVR adjustment masked profitability. The CVR pays Glencore only when monthly LME zinc exceeds $3,850/t; at current prices Santacruz nets $7-8M for every $1M paid. Bolivar mine is dewatering toward full production in Q4 2026, while the Soracaya permit should clear in September with first silver by year-end. First NI 43-101 compliant resource estimate at Zimapan is due next month; maiden drilling at the underexplored Monte Mine is underway. Management frames Santacruz as undervalued versus mid-tier silver peers, with cash north of $120M and a TSX uplisting due in September.

Kuya Silver - Q2 Financial Results and Growth Outlook

• Top takeaway As host of the KE Raw Port segment, Cory Fleck frames the investor-relevant questions on this update: quarter-over-quarter revenue trends, the $25.5 million cash position, the back-half spending plan, and the path to cash flow positive at Bethania

Q2 results reflected higher operating expenses as Bethania ramps up, partly offset by initial concentrate revenue. Silver output rose in Q2, but stockpiled concentrate left sales for July, holding reported revenue flat. Kuya Silver ended Q2 with $25.5M cash after funding underground development and H2 drilling plans. Management forecasts burning $5-8M through year-end, split between mine development and exploration drilling. CEO Stein expects cash flow positive by early 2026 at current silver prices, fueling expansion plans.

Sitka Gold - Court Approves 100% Acquisition of Clear Creek Property & 7-Drill Exploration Update

• Top takeaway Cory sets the agenda by framing the Clear Creek court approval as the day's headline and pushes Mike for details on the cash-vs-shares payment choice, the NSR mechanics, and assay turnaround expectations.

Court approval on Aug 18, 2026 cleared Sitka's accelerated $6M cash purchase of Clear Creek, locking in 100% ownership of the RC Gold Project. Sitka holds well over $10M in cash after recent warrant exercises, funding the $6M Clear Creek payment in cash rather than shares. Clear Creek carries a 5% NSR royalty reducible to 2% for $10M; Sitka also holds a right of first refusal on any sale. Sitka is running seven drills across a 60,000m program covering Rhosgobel, Pukelman contact, Bearpaw, Eiger, and Saddle targets. Lab capacity is stretched by record-breaking Yukon drilling volume, slowing assay turnaround despite steady news flow expected into year-end.

Firefox Gold - Mustajärvi & Sarvi Drilling Update: Upcoming Resource Estimates & Discovery Potential

• Top takeaway Frames the segment around an upcoming Mustajärvi inferred resource estimate and a steady cadence of pending drill results
• Notes Firefox Gold trades on TSX Venture (FFOX), OTCQB (FFOXF), and the Frankfurt Exchange (FIY)

Firefox Gold expects a maiden inferred resource at Mustajärvi next Q1 after a 14,000-meter drill program (40% larger than originally planned). Three new Mustajärvi targets — Central Zone, Triangle, and Lammas — are being drill-tested to see whether the deposit keeps growing in every direction. Assays from Sarvi follow-up drilling are expected in September, after earlier holes hit almost 2m at 27 g/t gold. Capital discipline means rotating rigs across targets, awaiting assays, then resuming — a staggered approach across a seven-project pipeline. The maiden Mustajärvi resource will cover the shallow (~250m) northeast and east zones with ~1.2 km of strike, leaving open-pit expansion as the next step.

Banyan Gold - High-Grade/Bonanza Gold Results, Resource Expansion, and 2026 Exploration Progress

• Top takeaway Pressed Christie on whether Banyan already has enough ounces and pushed for an update on the silver-component story that emerged earlier in 2026

Hole AX-26-874 returned 13 g/t gold over 14.2m at Powerline North, including a bonanza 142.7 g/t over 1m near surface. Banyan's updated lithological model is identifying high-grade zones between Airstrip and Powerline, with potential to reshape future strip ratios. Banyan has completed 40,000m of its 70,000m 2026 drill program and reports visible gold in early drill holes at the regional Nitra target. The 2026 program targets resource conversion for a post-PEA study, with deeper drilling expected to add inferred ounces below existing pits. Drilling will continue to support a future PFS rather than trigger an immediate shift to development.

Headwater Gold - Expanding the Newmont Partnership: New Earn-In At Jupiter & Spring Peak Phase 2 JV

• Top takeaway Frames the interview around the catalysts he sees as most market-relevant: the new Jupiter earn-in, Spring Peak phase two formalization, and the two in-progress drill programs.

Newmont's third Headwater earn-in at Jupiter shows majors moving fast: a signed deal three months after acquisition on a 5km x 8km Walker Lane target. Spring Peak's Phase 2 JV unlocks $40M over three years for Newmont to reach 65%, contingent on the Burnt Rock permit landing near year-end 2026. Partner-funded drill programs advance at Crane Creek (Centerra, 3,000m, Idaho) and Jade Creek (OceanaGold, 3,500m, Nevada), with assays expected through fall 2026. Headwater's C$6M-C$7M cash position lets it keep generating new epithermal targets while funding its share of three active partner-led JV programs.

Sitka Gold - Drill Results: High-Grade Results, Underground Potential & Active 7-Rig Program

• Top takeaway Hosts the segment, framing the August 10 Sitka news release and steering the conversation around drill-hole geometry, underground-resource potential, and near-term catalysts
• Highlights Sitka's timely disclosure of drill results as a positive for keeping investors up to speed on the story as it progresses

Hole 132's deeper, higher-grade intercept (44.4 m of 3.86 g/t gold) supports the case for a future underground resource at Blackjack. Linking Blackjack to the Saddle and Eiger zones via step-out drilling could reclassify waste as resource and lower strip ratios. Deeper, higher-grade mineralization sits outside the current open-pit resource, but converting it requires sufficient drill density. Sitka Gold's 7-rig program has already surpassed 32,000 m, with assays starting to flow more quickly through the labs. Connecting separate deposits into a single continuous mineralized zone could expand mineable inventory across the RC Gold project.

Red Canyon Resources - Osiris Project: Drilling Updates, Target & Land Package Expansion

• Top takeaway Frames the interview around investor-relevant metrics, pressing Wendell on actual meterage versus the original 4,000-meter plan and pushing for clarity on next-phase allocation
• Probes on partnership and JV strategy, noting that deeper porphyry drilling is expensive and asking whether Red Canyon would bring in a strategic partner

Camp target drilling at Red Canyon's Osiris returned visible copper and encouraging alteration, but assays remain pending to confirm a broader 2.7-km system. Nautilus Prime showed classic IP geophysics for porphyry mineralization; EV is a high-risk large EM conductor that could be sulfide or graphite. Red Canyon staked 18 new claims around the camp target on August 6, locking in underexplored ground along the Quesnellia arc. The CEO keeps all projects open to JV partners while pursuing a hybrid model of self-funding initial drilling on Kendall and Atcheron. Cash stands at about $2.2M; Tech Resources owns 9.9%; Red Canyon stays open to flow-through financings for future drill programs.

Santacruz Silver – Review Of Improved Q2 2026 Operations and Ongoing Growth Initiatives

• Top takeaway The guest argues Santacruz Silver is structurally undervalued, noting that Silvercrest and Los Gatos transacted at far higher market caps despite lower silver-equivalent output and that several mid-tier peers ran to roughly $2 billion valuations while SCZ remained in the low hundreds of millions.
• He frames the prior six months of sector drawdown — the silver group has been roughly cut in half — as having left SCZ even cheaper versus peers, and presses the CEO on whether current prices fairly reflect the company's production profile.

Santacruz's Q2 2026 silver output jumped 17% QoQ to 1.57M oz, lifted by Bolivar's post-flood recovery and Zimapan's faster throughput. By Q4, Bolivar's high-grade Bamba and Nanae veins and Zimapan's Level 960 zone should lift head grades (the silver content of mined ore) further. The Soracaya silver mine, already partially developed, is set for Q4 initial ramp-up, shifting the production mix further toward silver. Management is scouting Americas acquisitions producing more than 3M oz silver annually, funded by a $75M-$80M treasury and clean balance sheet. Bolivian promissory notes at 10% versus 15% local inflation fund San Lucas working capital at a real negative rate.

Great Pacific Gold - Management Evolution & Wild Dog Drill Program Update

• Top takeaway As host, Cory frames the segment around the management change announcement and the rig move from Casey Ridge to Maggie Abbey
• He flags assay-lab turnaround as an industry-wide bottleneck and asks Alex for color on timing

Great Pacific Gold (TSXV: GPAC) promotes CFO Alex Heath to CEO, preserving strategy while the 13,000-meter Wild Dog drill program advances four targets. After wrapping Cassie Ridge, the rig moved to Magiabe, where historical samples include 137 g/t rock chips and 8 m at 18 g/t gold. Great Pacific holds $22M in cash on budget, but assay labs running 6-8 weeks mean investors wait longer for drill results in a hot market. Wild Dog's 15-km epithermal corridor hosts multiple high-grade shoots rather than a single deposit, giving each successful target multi-million-ounce potential.

Banyan Gold - Two New Gold Discoveries At The Nitra Project

• Top takeaway Frames the July 28 news as two new gold discoveries from first-ever drilling at the Nitra project, citing high-grade gold at Roaring Fork and visible gold at Seattle Creek.
• Presses on whether Roaring Fork and Seattle Creek, about 5 kilometers apart, could be one connected system and on how much of the roughly 70,000-meter overall program remains.

Visible gold in Banyan Gold's first-ever Nitra drill holes gives the junior two new discoveries, which CEO Tara Christie reads as district-scale potential. Roaring Fork's first hole returned 1.62 grams per tonne gold over 5 meters, including nearly 18 grams per tonne over almost half a meter. The new zones sit 25 kilometers from the AurMac deposit, where about 40,000 of 70,000 planned meters are drilled and assays keep flowing. Assay lab backlogs led Banyan to release visuals early; a third drill rig could push the Nitra program from 7,500 toward 10,000 meters. Banyan expects its PEA (Preliminary Economic Assessment — a first look at project economics) in Q4, built on a new 5.2-million-ounce resource.

Weekend Show- Precious Metals & Market Trends: Gold Bottom? Copper Strength? Oil & Market Volatility

• Top takeaway Cory argues gold and silver may finally be basing after four months of decline — a month of flat prices is progress — but he dismisses calls for a major run as coming from the same people who were wrong all the way down.
• His historical dig on silver: after the price was cut in half in a few months this year, the best recovery to the old highs ever recorded took about three years, so talk of silver back at 120 is years off.
• He frames the rising dollar (up since May) and a 10-year yield at levels last seen in early 2025 as the two markets to watch, calling higher interest rates the sector's biggest bugaboo.
• On juniors he says the financing window is largely closed and he would trim drill plays that got rewarded before results, since only 300-plus gram-metre holes get the market's attention now.
• He remains constructive on copper, noting long-term charts show copper stocks hugely outperform the metal, so the current lag in COPX could be setting up another run higher.

Gold and silver look like they are basing after a five-month slide, but a rising US dollar and higher interest rates still pressure the sector. GDX, GDXJ and SIL broke down even as metals went flat; both hosts say stocks and metals take turns leading, so read the signal cautiously. Copper holds near record highs but copper stocks (COPX) are catching up after outperforming; possible US copper tariffs add a wildcard risk. Rick Bensignor calls the gold bottom questionable: $4,036 support is holding, but weekly closes must prove themselves above $4,208 to confirm it. Bensignor says strong S&P 500 breadth reflects sector rotation out of tech into financials and healthcare; keep active trading to 10-15% of investable funds.

KER QuickTake - Gold, Silver, Copper, Oil Market Outlook Amid Fed Policy & Geopolitical Uncertainty

• Top takeaway Frames the macro setup as hostile to precious metals: the US dollar has been rising since May 2026 and the 10-year yield is back at levels not seen since early 2025, weighing on gold and silver beyond the usual summer-doldrums drag and undercutting any imminent breakout.
• Cites Peter Boockvar's note that the bond market has already done the Fed's tightening for it, with the 2-year up 22 basis points and the 10-year up 19 basis points since the day before the June 2026 meeting.
• Still likes the copper chart but warns a potential Trump administration tariff on copper, similar to last year's 'tantrum' that briefly pushed the metal toward $4/lb, is keeping a Comex-over-London premium in place and could spark another sharp drop.
• On oil, surprised prices have not hit triple digits despite Iran-US supply destruction; frames $70-$80 as the new normal and stays constructive on oil stocks, especially dividend payers cashing in at current levels.
• Advises trimming drill-play juniors that have run up ahead of assays, arguing the financing window is largely closed and that drill results now need to be spectacular, 300 gram-meter-plus holes, to be rewarded.

Summer doldrums and a hawkish bond market are weighing on metals; gold and silver have been flat for a month while copper holds near highs. A rising US dollar and the 10-year threatening a breakout are the real headwinds for precious metals, not just seasonal softness. Silver sits above a $54 support zone tied to last falls breakout levels; a break would open $50 and $48 as the next floors. Copper stocks keep lagging physical copper, with tariff uncertainty and a range-bound tape keeping producers and developers in a holding pattern. Oil is range-bound in the mid-$80s amid Middle East tensions; hosts expect $70 to $80 to become the new normal with spillover demand for nuclear.

Summit Royalties – US$50 Million Revolving Credit Facility Sets Up Future Transactions and Growth

• Top takeaway Frames royalty companies as partners rather than the 'villains' of a decade ago, arguing the model works best when capital is provided non-predatorily
• Presses on embedded growth within Summit's existing producing assets — Madsen's ramp-up at West Red Lake and Zancudo's mill installation at Denarius — not just the development pipeline

Summit Royalties (TSXV: SUM) secured a US$50M revolving credit facility from National Bank of Canada to fund future royalty and stream acquisitions without diluting shareholders. Management plans to target cash-flowing or near-production royalties that fall below larger peers' minimum deal sizes, banking on multiple small accretive deals compounding NAV. Two development-stage assets — Copperstone (a 4% gold stream in Arizona) and Patangi in Brazil — are projected to drive revenue and GEO growth into 2027. Trading around 0.6x NAV means the credit line's all-in cost sits well below the company's implied cost of equity, making funded deals inherently accretive. Four producing royalties — Madsen (West Red Lake), Bombore (Orazone), Zancudo (Daenerys Metals) and Keysbrook (Iwatani) — still carry embedded growth as operators ramp up throughput.

Sitka Gold - 100% Acquisition of Clear Creek & 60,000m Exploration Update

Sitka Gold accelerated its Clear Creek property acquisition to 100% ownership, paying $6M cash to consolidate the Rhosgobel-bearing claim group. Clear Creek carries a 5% NSR royalty, reducible to 2% via a $10M payment; Sitka also holds right of first refusal on its sale. Sitka is halfway through its 60,000m drill program, with rigs turning at Rhosgobel, Contact Zone, Saddle, Eiger, and Bear Paw Breccia. Yukon lab delays have slowed assay turnaround, but Sitka expects a steady flow of drill results and an updated mineral resource next year.

Q2 Metals - Cisco Lithium Project: High Grade Drill Results, 20,000M Program Underway, PEA This Fall

• Top takeaway He frames Cisco's April 2026 maiden resource as the largest spodumene lithium deposit in the Western Hemisphere.
• He presses on infill conversion odds, the pivot toward development, and the cash runway and upcoming news flow.

Final winter assays at Cisco hit wide spodumene (the lithium ore mineral) intervals, including about 137 metres in hole 88 with a 40-metre high-grade core. The maiden resource, published in April, is entirely Inferred; drilling at 120-metre centres, tightening toward 75 metres, aims to convert most of it to Indicated. A 20,000-metre summer program runs to mid-September and resumes in late October, feeding a resource update targeted for early 2027. A PEA (Preliminary Economic Assessment — an early-stage mine study) based on the maiden resource is due this fall, with feasibility the next likely step. A May financing raised $70 million, lifting cash to roughly $75 million — enough, management says, to fund drilling and studies through feasibility.

District Metals - Viken Economic Impact Study: Explaining The US$7.66 Billion Economic Contribution

• Top takeaway Hosts the company update and frames the headline that the Phase 1, 13-year Viken mine would deliver US$7.66 billion to Sweden's economy, using data from the early-June PEA.
• Closes by inviting listeners to send follow-up questions for Ainsworth and says he will post a link to the EIS news on the company's website.

District Metals' third-party Economic Impact Study pegs the conceptual 13-year Phase 1 Viken mine's contribution to Sweden at US$7.66 billion. The figure rests on June's PEA (Preliminary Economic Assessment — an early, conceptual mine study), which would mine only about 3% of the Viken resource. The breakdown includes roughly US$1.6 billion in corporate taxes, about 1,065 direct and indirect jobs, and US$22 million for landowners. CEO Garrett Ainsworth highlights Sweden's state mineral fee — effectively a 0.2% gross royalty split 25% to the state, 75% to landowners. Drilling Viken's target areas A and B comes before a pre-feasibility study (PFS), with alum shale exploration running until mid-October.

Aztec Minerals - Record Drill Results and Upcoming Maiden Resource Estimate at Tombstone

• Top takeaway As host, he frames TR26-30 as possibly the best hole drilled at Tombstone in terms of thickness and drives the interview toward MRE timing, lab turnaround, and remaining meterage.
• He notes that the other RC holes in the July 15 release appear to have hit gold mineralization across the board, though at lower widths and grades than the highlight hole.

Aztec Minerals reports its thickest well-mineralized intersection yet at Tombstone, Arizona: 155.4 metres averaging 1.63 gpt gold-equivalent (grams per tonne, gold plus silver). Reverse circulation drilling is pushing mineralization east and north beyond the main Contention pit, with first-pass holes in new areas all hitting gold. First core holes testing deep CRD-style targets returned narrow intersections; downhole geophysics will refine which structures justify costlier follow-up drilling. A maiden Mineral Resource Estimate (a first formal tally of deposit size and grade) is targeted for late September, with drilling through mid-August included. A Tucson lab deal cut assay turnaround to three weeks; about 19,000 of 21,000 program metres are drilled with results pending.