Kingsmen Resources Ltd. (TSX.V: KNG) – Discovery-Driven Re-Rating Potential

Ticker: TSX.V: KNG | Sector: Silver & Gold / Exploration | Rating: BUY | Price Target: C$3.80 | Date: 9 Jan 2026

12-Month Share Performance

Kingsmen Resources is entering a pivotal phase in its evolution as a discovery-stage precious metals explorer. Following recent high-grade drill results at its flagship Las Coloradas project in Mexico’s historic Parral mining district, the company has transitioned from a speculative land consolidation story into an active, drill-driven discovery narrative — supported by a constructive macro backdrop for both silver and gold.

Over the past 12 months, Kingsmen shares have re-rated sharply, delivering gains of more than 250% as investor confidence has increased around exploration momentum and funding visibility. Despite this move, we believe the market is still in the early stages of pricing in the district-scale potential emerging at Las Coloradas, where multiple parallel mineralized structures have now been confirmed over a broad footprint.

Our latest research explores:

• Why Las Coloradas is evolving into a credible, multi-vein silver-gold discovery rather than a single-structure anomaly
• How recent high-grade step-out drilling has materially de-risked the geological thesis
• The significance of Kingsmen’s strengthened balance sheet and fully funded 2026 drill program
• The leverage Kingsmen offers to a strengthening silver and gold price environment
• The catalysts we believe could drive further re-rating over the next 12 months

With high-grade discoveries, a disciplined capital strategy, and exposure to a favorable precious metals cycle, Kingsmen Resources represents a high-risk, high-reward exploration story at an inflection point. We believe continued drilling success could support further valuation upside as the company works to demonstrate scale and continuity.

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