Core Viewpoint - Tudor Gold Corp. has successfully closed a financing round, raising approximately $14.95 million through a brokered offering and private placement, with participation from notable investor Eric Sprott [1][2]. Financing Details - The financing included the issuance of 10,158,045 non-flow-through units at a price of $0.50 per unit, 8,333,500 flow-through units for charitable purchasers at $0.75 per unit, and 6,034,752 flow-through units at $0.60 per unit [6]. - The net proceeds from the sale of NFT Units will be allocated for working capital and general corporate purposes, while the gross proceeds from FT Units and Charity FT Units will be directed towards exploration expenses on the Treaty Creek property [3][4]. Investor Participation - Eric Sprott, through his corporation, acquired 2,000,000 Common Shares and 1,000,000 Warrants as part of the financing [2]. - Related parties purchased a total of 2,227,000 Common Shares and 1,113,500 Warrants, which are classified as related party transactions [10]. Use of Proceeds - The funds raised will be utilized for exploration activities on the Treaty Creek project, which is located in British Columbia's Golden Triangle [4][11]. - The Company has committed to indemnifying subscribers for any additional taxes resulting from the Canada Revenue Agency's potential reduction of Qualifying Expenditures [4]. Regulatory Compliance - The Offerings are subject to final approval from the TSX Venture Exchange and adhere to Canadian securities laws, including a four-month hold period for the FT Units and underlying securities [8].

Core Viewpoint - Eric Sprott has announced a significant change in his holdings in Benton Resources Inc., specifically the expiration of 5,000,000 common share purchase warrants, which has led to a decrease in his ownership percentage of the company's outstanding shares [1][2]. Group 1 - The expiration of the warrants represents a decrease of approximately 5.0% in Sprott's holdings on a partially diluted basis since the last early warning report [1]. - Prior to the expiration, Sprott owned 28,750,000 shares and 8,125,000 warrants, equating to approximately 14.0% of the outstanding shares on a non-diluted basis and 17.3% on a partially diluted basis [1]. - Following the expiration, Sprott now holds 28,750,000 shares and 3,125,000 warrants, which translates to approximately 14.0% of the outstanding shares on a non-diluted basis and 15.3% on a partially diluted basis [2]. Group 2 - The changes in Sprott's holdings are attributed to the expiration of the warrants and previous new share issuances by Benton Resources Inc., resulting in a partially diluted ownership change of greater than 2% [2]. - The securities held by Sprott are for investment purposes, and he maintains a long-term view, indicating potential future acquisitions or sales depending on market conditions [3].

The change will result from a modification to the Sprott Copper Miners ETF's underlying index, the Nasdaq Sprott Copper Miners Index (NSCOPP). At its scheduled June semi-annual rebalance, effective at the market open on June 23, the index will add a 4.75% allocation to physical copper via the inclusion of the Sprott Physical Copper Trust, the world's first and only physical copper investment fund. The revised NSCOPP Index methodology is available here https://indexes.nasdaqomx.com/Index/Overview/NSCOPP. The ...

Core Viewpoint - Tudor Gold Corp. has announced an upsized financing deal totaling $14.95 million, including the full exercise of the over-allotment option, with participation from Eric Sprott [2][3]. Financing Details - The financing consists of approximately $11.3 million from a Prospectus Offering and about $3.65 million from a Private Placement Offering [2]. - The Offered Securities include 10,158,045 non-flow-through units priced at $0.50 each, 8,333,500 flow-through units for charitable purchasers at $0.75 each, and 6,034,752 flow-through units at $0.60 each [5][6]. Use of Proceeds - Net proceeds from the sale of non-flow-through units will be allocated for working capital and general corporate purposes [6]. - Gross proceeds from flow-through units will be directed towards exploration expenses on the Treaty Creek property in British Columbia [6][7]. Closing and Regulatory Approval - The Offerings are expected to close around May 29, 2025, pending necessary approvals, including from the TSX Venture Exchange [4][10]. Agent Compensation - Agents involved in the Offerings will receive a cash fee of 6.0% of the gross proceeds and non-transferable broker warrants equal to 6.0% of the total number of Offered Securities sold [10]. Company Overview - Tudor Gold Corp. is focused on precious and base metals exploration and development, particularly in British Columbia's Golden Triangle, with significant interests in the Treaty Creek project [12].

Core Viewpoint - Tudor Gold Corp. has announced a financing agreement to raise approximately $10 million through a best efforts offering of securities, with participation from notable investor Eric Sprott [2][3]. Financing Details - The financing will consist of a combination of non-flow-through units (NFT Units) priced at $0.50, flow-through units (FT Units) priced at $0.60, and charity flow-through units (Charity FT Units) priced at $0.75 [7][9]. - Each NFT Unit will include one common share and one-half of a warrant, while each FT Unit and Charity FT Unit will consist of one common share and one-half of a warrant [7][9]. - The offering is expected to close around May 29, 2025, subject to necessary approvals [5]. Use of Proceeds - The net proceeds from the sale of NFT Units will be allocated for working capital and general corporate purposes [6]. - The gross proceeds from FT Units and Charity FT Units will be directed towards exploration expenses on the Treaty Creek flagship property in British Columbia [8][9]. Agent and Fees - Research Capital Corporation is acting as the lead agent for the offering, with an option to sell an additional 15% of the offered securities [4][12]. - The agents will receive a cash fee of 6.0% of the gross proceeds and non-transferable broker warrants equal to 6.0% of the total number of offered securities sold [12]. Company Background - Tudor Gold Corp. is focused on precious and base metals exploration and development, particularly in British Columbia's Golden Triangle, which is known for its significant mineral deposits [14]. - The company holds a 60% interest in the Treaty Creek project, which is strategically located near other major mining properties [14].

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Core Insights - Sprott Inc. reported a significant increase in Assets Under Management (AUM), reaching $35.1 billion as of March 31, 2025, which is an 11% increase from $31.5 billion at the end of 2024, driven by rising gold prices and strong inflows into physical gold and silver strategies [2][4][7] AUM Highlights - AUM growth was attributed to over $3.1 billion in market value appreciation and approximately $407 million in net inflows during the first quarter of 2025 [2][4] - As of May 2, 2025, AUM further increased to $36.5 billion, reflecting an additional $816 million in net inflows and $629 million in market value appreciation [2][7] Revenue Highlights - Management fees for the quarter were $40 million, up 9% from $36.6 million in Q1 2024, primarily due to higher average AUM [8] - Net fees also increased by 9% to $35.6 million compared to $32.7 million in the same quarter last year [8] - Commission revenues decreased significantly by 73% to $0.3 million, attributed to a lack of at-the-market activity in critical materials [8] Expense Highlights - Net compensation expense rose by 8% to $17.5 million, driven by higher incentive compensation linked to increased net fee generation [8] - SG&A expenses slightly decreased by 1% to $4.1 million, mainly due to lower marketing costs [8] Earnings Summary - Net income for the quarter was $12 million ($0.46 per share), a 3% increase from $11.6 million ($0.45 per share) in Q1 2024 [8] - Adjusted EBITDA was reported at $21.9 million ($0.85 per share), up 11% from $19.8 million ($0.78 per share) in the same quarter last year [8] Dividend Announcement - The Board of Directors declared a quarterly dividend of $0.30 per share on May 6, 2025 [9] Company Overview - Sprott is a global asset manager specializing in precious metals and critical materials investments, with a diverse product suite that includes Exchange Listed Products, Managed Equities, and Private Strategies [35]

TORONTO, May 06, 2025 (GLOBE NEWSWIRE) -- Sprott Inc. (“Sprott” or the “Company”) (NYSE/TSX: SII) announced today that its Board of Directors has declared a first quarter 2025 dividend of US$0.30 per common share, payable on June 4, 2025 to shareholders of record at the close of business on May 20, 2025. Registered shareholders who are residents of Canada as reflected in the Company’s shareholders register, as well as beneficial holders (i.e., shareholders who hold their common shares through a broker or ot ...

TORONTO, May 02, 2025 (GLOBE NEWSWIRE) -- Sprott Asset Management LP (“Sprott Asset Management”), a subsidiary of Sprott Inc., on behalf of the Sprott Physical Silver Trust (NYSE: PSLV) (TSX: PSLV / PSLV.U) (the “Trust”), a closed-ended mutual fund trust created to invest and hold substantially all of its assets in physical silver bullion, today announced that it has updated its at-the-market equity program to issue up to U.S.$1 billion of units of the Trust (“Units”) in the United States and Canada. Distri ...

Core Viewpoint - Sprott Asset Management has announced an update to its at-the-market equity program, allowing the issuance of up to U.S.$250 million in units of the Sprott Physical Gold and Silver Trust, aimed at investing in physical gold and silver bullion [1][4]. Group 1: Equity Program Details - The updated at-the-market equity program will be executed under an amended sales agreement, with distributions occurring in the U.S. and Canada [2][3]. - The sales of units will be conducted through various agents, including Cantor Fitzgerald and BMO Capital Markets, with sales prices varying based on market conditions at the time of sale [3][4]. - The Trust will determine the volume and timing of distributions at its discretion, intending to use proceeds to acquire physical gold and silver bullion [4]. Group 2: Offering Documents - The offering is made pursuant to a prospectus supplement dated May 2, 2025, which is part of the Trust's registration statement filed with the SEC [5]. - The U.S. and Canadian prospectus supplements are available on the SEC and SEDAR+ websites, respectively [5][6]. Group 3: Company Background - Sprott Asset Management is a subsidiary of Sprott Inc., specializing in precious metals and critical materials investments, with a focus on various investment strategies [8]. - The Trust's investment objectives, management fees, and expenses are detailed in its annual information form for the year ended December 31, 2024 [9].