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Collin Kettell, CEO of Palisades Gold Corp. | Rule Symposium 2026: Rick Rule interviews

Rule Investment Media May 20, 2026

Summary

Palisades built a warrant bank — warrants are options to buy shares at set prices — of 1.5 billion covering 200-plus juniors at about a penny each.

Guest claims net asset value (NAV — portfolio value per share) of $3.10 tops the $2.70 share price before counting any value for wholly owned projects.

Palisades returned $75 million to shareholders across seven distributions, about five times the less than $15 million it raised since inception.

Company building seeded New Found Gold, Nevada King, and Radio Fuels, giving shareholders early access to ventures individual investors rarely see.

Kettell argues the 2024-2025 window for full warrant coverage on quality financings has closed as competition rose, leaving Palisades shares as the main access.

Key points on Barrick Mining

  • Cited by Kettell as half of the Barrick-Newmont joint venture that, together with Kinross, outranks his 90%-owned Made in America Gold in Nevada land holdings.

Key points on Kinross Gold

  • Named by Kettell as one of only two holders of more Nevada land than Made in America Gold, the Palisades-owned prospect generator he values at zero in his net asset calculation.

Key points on Newmont

  • Mentioned only within the Barrick-Newmont Nevada joint venture, which Kettell says holds more state land than his Made in America Gold prospect generator.

Key points on Silver X Mining

  • Named by Kettell among juniors where Palisades owns over 3% in warrants, which he counts among the higher-quality holdings.

Key points on New Found Gold

  • Kettell shepherded New Found Gold as CEO from its 2020 IPO until early 2025, when he handed it to a team focused on development and production, after the stock reached a couple of billion in market cap.
  • Palisades owned over 50% of New Found Gold on IPO day and at the peak held a position worth roughly $600-700 million.
  • As of the May 2026 interview, Palisades still holds about $80 million of New Found Gold shares — roughly 8% of the company, or about $1.10 per Palisades share.
  • A Bank of Montreal facility lets Palisades keep its long-term New Found Gold position while borrowing against it for short-term liquidity when opportunities arise.

Key points on Silver Storm Mining

  • Kettell names Silver Storm among the companies Palisades owns over 5% of in warrants alone.

Key points on Defiance Silver Corp

  • Kettell lists Defiance Silver among juniors where Palisades holds over 3% in warrants and counts it among the higher-quality names.

Key points on Silver47 Exploration Corp

  • Kettell lists Silver 47 among juniors where Palisades holds over 3% in warrants and calls it a higher-quality junior name.

Key points on Southern Silver Exploration Corp

  • Kettell lists Southern Silver among juniors where Palisades owns over 3% in warrants, which he considers higher-quality holdings.

Rick Rule's takeaways

  • Top takeaway Rule, who identifies himself as a Palisades shareholder, frames the company as ground-floor access: Kettell both assembles public companies and builds a warrant bank on behalf of holders.
  • He argues Palisades' deal franchise should win it first call on financings that individual shareholders cannot access over the next two years, and that the merchant-banking model is unpriced in the net asset value — Kettell confirms both points.
  • He states his view that a rising tide lifting all junior resource ships is likely within the next couple of years, amplifying the financing strategy's payoff.
  • He uses the interview to promote the 2026 Natural Resource Investment Symposium (July 6-10, in Boca Raton or by livestream), citing pre-vetted exhibitors, recorded sessions and a three-decade money-back guarantee.