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Eric Sprott Announces Changes to His Holdings in Unigold Inc
Newsfile· 2025-06-24 12:43
Group 1 - Eric Sprott announced the expiration of 1,950,000 common share purchase warrants of Unigold Inc., which represents a decrease in holdings of approximately 10% of the outstanding common shares on a partially diluted basis [1][2] - Prior to the expiration, Mr. Sprott beneficially owned and controlled 22,400,000 shares, representing approximately 8.0% of the outstanding shares on a non-diluted basis and approximately 8.6% on a partially diluted basis [1] - Following the expiration of the warrants and new share issuances by Unigold, Mr. Sprott's ownership decreased to under 10% on a non-diluted basis, resulting in him and 2176423 Ontario Ltd. ceasing to be insiders of Unigold [2] Group 2 - The securities held by Mr. Sprott are for investment purposes, with a long-term view, and he may acquire additional securities or sell existing ones depending on market conditions and other relevant factors [3]
Eric Sprott Announces Holdings in Discovery Silver Corp.
Newsfile· 2025-06-20 22:08
Summary of Key Points Core Viewpoint - Eric Sprott's corporation, 2176423 Ontario Ltd., sold 19,200,200 common shares of Discovery Silver Corp., representing approximately 2.4% of the outstanding shares, at an average price of $3.26 per share for a total of $62,656,013 [1]. Company Holdings - Prior to the sale, Mr. Sprott owned 121,843,998 shares, which was about 15.2% of the outstanding shares. After the sale, his holdings decreased to 102,643,798 shares, representing approximately 12.8% of the outstanding shares [2]. - The sale resulted in a decrease in holdings of approximately 2.5% on a partially diluted basis since the last early warning report [2]. Investment Intentions - The securities are held for investment purposes, and Mr. Sprott maintains a long-term view on the investment. He may acquire additional securities or sell existing ones depending on market conditions and other relevant factors [3].
Sprott Physical Uranium Trust Closes Upsized US$200 Million Bought Deal Financing
Globenewswire· 2025-06-20 13:52
Core Viewpoint - Sprott Inc. successfully closed an upsized bought deal public offering for the Sprott Physical Uranium Trust, raising approximately US$200 million through the issuance of 11,600,000 units at a price of US$17.25 per unit, indicating strong investor support and confidence in the uranium market [2][4]. Group 1: Offering Details - The offering involved the issuance of 11,600,000 units at a price of US$17.25 per unit, resulting in total gross proceeds of approximately US$200 million [2]. - The net proceeds from the offering will be utilized to acquire physical uranium in the form of uranium oxide in concentrates, along with related fees and expenses [3]. - The net proceeds per unit received by the Trust were not less than 100% of the most recently calculated net asset value prior to the pricing determination [3]. Group 2: Market Context and Future Outlook - The CEO of Sprott Asset Management highlighted a positive long-term investment thesis for uranium, driven by a global nuclear renaissance, including plant life extensions and new builds supported by government policies [4]. - The Trust's ability to raise capital through various methods, including this offering and a previous private placement, demonstrates its strong market position [4]. - The Trust has temporarily suspended its at-the-market equity program to facilitate the offering and agreed not to issue any units for 30 days post-closing without the underwriter's consent [4].
Goldstorm Metals Announces Upsizing of Previously Announced Private Placement Financing to Approximately $2.1 Million, with Participation by Eric Sprott
Newsfile· 2025-06-19 19:55
Core Viewpoint - Goldstorm Metals Corp. is increasing its previously announced private placement financing to approximately $2.1 million due to strong investor demand [2]. Group 1: Offering Details - The Offering will consist of up to 15,441,483 non-flow-through units (NFT Units) priced at $0.07 each, generating gross proceeds of approximately $1,080,903.81 [2]. - Additionally, the Offering will include up to 10,071,428 flow-through units (Charity FT Units) priced at $0.1008 each, expected to raise about $1,015,199.94 [2]. - Each NFT Unit includes one common share and one-half of a warrant, while each Charity FT Unit consists of one common share and one-half of a warrant [3]. Group 2: Use of Proceeds - Net proceeds from the NFT Units will be allocated for working capital and general corporate purposes [4]. - Gross proceeds from the Charity FT Units will be used for Canadian exploration expenses, qualifying as flow-through mining expenditures [5]. Group 3: Offering Timeline and Conditions - The closing of the Offering is anticipated around June 26, 2025 [6]. - All securities issued will be subject to a statutory four-month hold period and require regulatory approval, including from the TSXV [7]. Group 4: Company Overview - Goldstorm Metals Corp. is focused on precious and base metals exploration, holding a significant land position in British Columbia's Golden Triangle, known for high-grade gold deposits [9]. - The company's flagship projects, Crown and Electrum, cover approximately 16,469 hectares across six concessions, with strategic proximity to major gold deposits [9].
Chesapeake Gold Closes $4.4 Million Private Placement with Eric Sprott
Newsfile· 2025-06-13 22:00
Core Viewpoint - Chesapeake Gold Corp. has successfully completed a non-brokered private placement, raising gross proceeds of $4,440,000 through the issuance of 3,700,000 units at a price of $1.20 per unit, with Eric Sprott as the sole investor [1][2][3]. Group 1: Private Placement Details - The private placement consists of units, each comprising one common share and one-half common share purchase warrant, with each warrant exercisable at $1.65 for three years [1][2]. - The net proceeds will be allocated to advancing the company's proprietary oxidative leach technology, ongoing exploration projects including the Lucy project, and general working capital [2]. Group 2: Investor Information - Eric Sprott, through 2176423 Ontario Ltd., acquired 3,700,000 units for a total consideration of $4,440,000, increasing his ownership from approximately 13.4% to 17.9% of the outstanding common shares on a non-diluted basis [3][4]. - After the private placement, Sprott holds 12,883,499 common shares and 1,850,000 warrants, representing 19.9% of the outstanding common shares on a partially diluted basis [4]. Group 3: Regulatory and Compliance - The participation of Eric Sprott in the private placement is classified as a "related party transaction" under TSX Venture Exchange policies, and the company has relied on exemptions from formal valuation and minority shareholder approval requirements [7]. - The securities issued are subject to a hold period expiring on October 14, 2025, and the private placement is pending final approval from the TSXV [8]. Group 4: Company Overview - Chesapeake Gold Corp.'s flagship asset is the Metates Project in Durango State, Mexico, which hosts one of the largest undeveloped gold-silver deposits in the Americas, with over 16.77 million ounces of gold and 423.2 million ounces of silver in the Measured and Indicated Mineral Resource category [12].
‘We're still early' - Americans have barely begun rotating into gold, silver, and the miners – Van Eck and Sprott CEOs
KITCO· 2025-06-12 20:28
Group 1 - The documents mention various precious metals including gold, platinum, and silver, indicating a focus on investment products related to these commodities [1][2] - The reference to "ETF" suggests that the articles may discuss exchange-traded funds that are linked to the performance of these metals [1][2] - The specifications for the metals include purity levels such as 999.9 for gold and silver, and 999.5 for platinum, which are important for investors assessing quality [1][2] Group 2 - Ernest Hoffman is identified as a Crypto and Market Reporter with extensive experience in market news, indicating a potential focus on the intersection of cryptocurrency and traditional commodities [3] - The articles do not provide specific market data or trends, but the mention of a reporter with a background in economic news suggests that insights into market movements may be available [3]
Dolly Varden Silver Announces Full Exercise of Underwriters' Option in Bought-Deal Financing for Total of $28.76 Million, With Participation by Eric Sprott
Newsfile· 2025-06-11 01:47
Core Viewpoint - Dolly Varden Silver Corporation has successfully completed a bought-deal financing, raising a total of $28,755,500 through the sale of various securities, including common shares and flow-through shares [2][4]. Financing Details - The underwriters exercised their option in full for gross proceeds of $3,750,500, contributing to the total gross proceeds of $28,755,500 [2]. - The financing includes: - 2,445,500 common shares at $4.60 per share, generating $11,249,300 [2]. - 1,128,000 charity flow-through shares at $6.65 per share, raising $7,501,200 [2]. - 1,740,000 flow-through shares at $5.75 per share, yielding $10,005,000 [2]. Use of Proceeds - Net proceeds from the common shares will be allocated for working capital and general corporate purposes [4]. - Proceeds from the charity flow-through shares and flow-through shares will be directed towards exploration, mineral resource expansion, and drilling in the Kitsault Valley project [4]. Closing and Regulatory Approvals - The offerings are expected to close on June 26, 2025, pending necessary regulatory approvals from the TSX Venture Exchange and NYSE American [5]. - The LIFE Offering will be conducted under the 'listed issuer financing exemption' and will not be subject to a hold period under Canadian securities laws [6][7]. Participation and Additional Rights - Eric Sprott, through 2176423 Ontario Ltd., has expressed intent to participate in the financing [3]. - Hecla Canada Ltd. and Fury Gold Mines Ltd. have rights to acquire common shares at $4.60 per share to maintain their equity interest [9]. Company Overview - Dolly Varden Silver Corporation focuses on advancing its 100% held Kitsault Valley Project, which includes high-grade silver and gold resources [11]. - The project is located in the Golden Triangle of British Columbia and is considered prospective for further precious metal deposits [11].
Dolly Varden Silver Announces Full Exercise of Underwriters' Option in Bought-Deal Financing for Total of $28.76 Million, with Participation by Eric Sprott
Newsfile· 2025-06-10 23:17
Core Viewpoint - Dolly Varden Silver Corporation has announced the full exercise of underwriters' option in a bought-deal financing, resulting in total gross proceeds of $28,755,500 for the company [5][6]. Group 1: Financing Details - The financing includes the sale of 2,445,500 common shares at a price of $4.60 per share, generating gross proceeds of $11,249,300 [5]. - Additionally, 1,128,000 common shares will be issued as "flow-through shares" at a price of $6.65 per share, yielding gross proceeds of $7,501,200 [5]. - Furthermore, 1,740,000 common shares will be sold as "flow-through shares" at a price of $5.75 per share, resulting in gross proceeds of $10,005,000 [5]. Group 2: Use of Proceeds - The net proceeds from the sale of common shares will be allocated for working capital and general corporate purposes [4]. - Gross proceeds from the sale of Charity FT Shares and FT Shares will be directed towards further exploration, mineral resource expansion, and drilling in the Kitsault Valley project [4]. Group 3: Closing and Regulatory Approvals - The offerings are expected to close on June 26, 2025, subject to necessary regulatory approvals from the TSX Venture Exchange and NYSE American [5][6]. - The LIFE Offering will be conducted under the 'listed issuer financing exemption' and will not be subject to a hold period under applicable Canadian securities laws [7]. Group 4: Participation and Advisory - Eric Sprott, through 2176423 Ontario Ltd., has indicated his intention to participate in the transaction [3]. - Eventus Capital Corp. is serving as a special advisor to the company in connection with the offerings [8]. Group 5: Company Overview - Dolly Varden Silver Corporation is focused on advancing its 100% held Kitsault Valley Project, which includes the Dolly Varden Project and the Homestake Ridge Project, located in British Columbia, Canada [11]. - The project is known for its high-grade silver and gold resources and is considered prospective for further precious metal deposits [11].
Goldstorm Metals Announces Upsizing of Previously Announced Private Placement Financing to $1.8 Million, with Participation by Eric Sprott
Newsfile· 2025-06-09 12:53
Core Viewpoint - Goldstorm Metals Corp. is increasing its previously announced private placement financing to $1.8 million due to strong investor demand [1] Financing Details - The Offering will consist of non-flow-through units (NFT Units) priced at $0.07 each and flow-through units (Charity FT Units) priced at $0.1008 each [1][2] - Each NFT Unit includes one common share and half a warrant, while each Charity FT Unit includes one common share and half a warrant [2] - Warrants allow holders to purchase one common share at an exercise price of $0.10 for 24 months, with an acceleration clause if the share price exceeds $0.20 for ten consecutive trading days [2] Use of Proceeds - Net proceeds from NFT Units will be allocated for working capital and general corporate purposes [3] - Gross proceeds from Charity FT Units will be used for Canadian exploration expenses, which will qualify as flow-through mining expenditures [4] Regulatory and Compliance - The Offering is subject to regulatory approval, including that of the TSX Venture Exchange [5] - Securities issued will be subject to a statutory four-month hold period [5] Company Overview - Goldstorm Metals Corp. is focused on precious and base metals exploration, with significant land holdings in British Columbia's Golden Triangle, known for high-grade gold deposits [6][8]
Chesapeake Gold Announces $4.4 Million Non-Brokered Private Placement with Eric Sprott
Newsfile· 2025-06-09 10:00
Core Points - Chesapeake Gold Corp. announced a non-brokered private placement of 3,700,000 units at a price of $1.20 per unit, raising gross proceeds of $4,440,000 [1] - Each unit consists of one common share and one-half common share purchase warrant, with each whole warrant exercisable at $1.65 for three years [1] - Eric Sprott, through 2176423 Ontario Ltd., is the sole subscriber for this private placement [1] Company Ownership - After the private placement, Eric Sprott will own 12,883,499 common shares and 1,850,000 warrants, representing approximately 17.9% of the outstanding common shares on a non-diluted basis and 19.9% on a partially diluted basis [2] Management Commentary - The Interim CEO expressed satisfaction with Eric Sprott's increased investment, indicating it reflects confidence in the company's strategic objectives [3] - The financing will support the advancement of proprietary leach technology and ongoing exploration, including the Lucy project [3] Use of Proceeds - Net proceeds from the private placement will be allocated to advancing the company's proprietary oxidative leach technology, ongoing exploration, and general working capital [3] Regulatory Approval - The private placement is subject to necessary approvals, including from the TSX Venture Exchange, and the units will be subject to a hold period under Canadian securities laws [4] Related Party Transaction - The private placement is classified as a related party transaction, and the company intends to rely on exemptions from formal valuation and minority shareholder approval requirements [6] Company Overview - Chesapeake Gold Corp's flagship asset is the Metates Project in Durango State, Mexico, which hosts over 16.77 million ounces of gold and 423.2 million ounces of silver in the Measured and Indicated Mineral Resource category [8]