Ice drilling at Regnault target, Frotet project, Quebec

With conflicts around the world not exactly working towards a solution, with Taiwan potentially entering the mix since China wasn’t too happy with the speech of the Taiwanese president, gold remains strong above US$2,300/oz despite rumors swirling around of a first rate cut in September this year.

As the stockmarkets in the US are printing all-time highs again, not really urging the Federal Reserve to lower rates anytime soon it seems as inflation remains well above target, Kenorland Minerals (KLD.V)(3WQO.FSE) announced the final drill results for Regnault, part of their flagship Frotet Project in Quebec.

Ice drilling at Regnault target, Frotet project, Quebec

At a time where markets are weighing Federal Reserve comments about being hawkish towards rate cuts as inflation remains persistent, two major conflicts deepen (Russia-Ukraine) or seem to spread out (Israel-Hamas), the BRICS expand with new members, and recession fears are looming large in the background, gold remains trading above US$2,000/oz.

Ice drilling at Regnault target, Frotet project, Quebec

After experiencing the last rate hike by the Federal Reserve in July, it seems more and more likely that the world economy is heading into a soft landing, with inflation continuing to go down.

Ice drilling at Regnault target, Frotet project, Quebec

With a recession looming large in the US but continuously delayed, the Fed unsure whether to hike one last time or to pause, the debt ceiling bill passed through the Senate, and inflation going down, there are a lot of mixed signals to take into account for the stock markets.

In a time where market sentiment seems to be turning slightly negative, with a Fed pivot still up for debate, Tectonic Metals (TECT:TSX.V; TETOF:OTCQB; T15B:FSE) doesn’t seem to have much trouble raising cash, as it doing a brokered private placement at the moment, aiming at gross proceeds of C$6M.

Ice drilling at Regnault target, Frotet project, Quebec

As we seem to be at a pivotal point in the economy, with the Federal Reserve contemplating a halt in rate hikes, and potentially a more dovish stance for the second half of this year as a recession seems to be coming our way, sending the gold price to all-time highs recently, Kenorland Minerals (KLD.V)(3WQO.FSE)

Drilling at Regnault target, Frotet project, Quebec

It was good to meet up in person again after a long time with Kenorland Minerals (KLD.V)(3WQO.FSE) CEO Zach Flood at a great conference in Frankfurt last week (Deutsche Goldmesse, organized by Kai Hoffman), and discuss the latest drill results of their flagship Regnault in Quebec, and further plans of the company.

After raising C$2.3M @ C$0.06 (including a half 10c 2y warrant) in July of this year, Tectonic Metals (TECT:TSX.V; TETOF:OTCQB; T15B:FSE) recently received so much interest after CEO Tony Reda has been doing the rounds at conferences and roadshows, helped by Quinton Hennigh of Crescat Capital who has quite a bit of clout, that the company announced another financing on October 27, 2022.

Ice drilling at Regnault target, Frotet project, Quebec

Despite the turmoil going on in the world economy, causing many market commentators to forecast a recession, with the Fed desperately trying to control record inflation with more rate hikes coming up soon, and a Russian president using nuclear rhetorics and firing missiles all over Ukraine, scaring investors away from the markets, for Kenorland Minerals (KLD.V)(3WQO.FSE)