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Gold and silver prices poised for further gains amid mounting economic risks - Sprott's McIntyre
KITCO· 2025-07-02 21:44
Core Insights - The article discusses the author's extensive experience in journalism and the financial sector, highlighting a focus on economic reporting and analysis [3][4]. Group 1 - The author has over a decade of reporting experience, particularly in covering politics and financial news [3]. - Since 2007, the author has worked exclusively within the financial sector, starting with the Canadian Economic Press [3]. - The author's background includes a diploma in journalism from Lethbridge College [3].
Goldstorm Metals Announces Closing of Upsized Non-Brokered Private Placement Financing for Approximately $2.1 Million, with Participation by Eric Sprott
Newsfile· 2025-06-27 13:07
Core Viewpoint - Goldstorm Metals Corp. has successfully closed a non-brokered private placement financing, raising approximately $2.1 million, with notable participation from strategic investor Eric Sprott [2][5]. Financing Details - The private placement generated gross proceeds of $2,088,973.75, consisting of 15,441,483 non-flow-through units sold at $0.07 each, totaling $1,080,903.81, and 9,999,999 flow-through units sold at $0.1008 each, totaling $1,007,999.90 [2][3]. - Each non-flow-through unit includes one common share and one-half of a warrant, while each flow-through unit includes one common share and one-half of a warrant [3]. Warrant Information - Each warrant allows the holder to purchase one common share at an exercise price of $0.10 for 24 months, with an acceleration clause if the common shares reach a closing price of $0.20 for ten consecutive trading days [4]. Strategic Investor Participation - Eric Sprott, through his corporation, acquired 3,571,428 common shares and 1,785,714 warrants, qualifying as a related-party transaction [5]. 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 used for Canadian exploration expenses, with a commitment to incur qualifying expenditures by December 31, 2026 [7]. Finder's Fees - The company paid cash commissions of $45,746.44 to finders and issued 651,377 non-transferable finder's warrants, each allowing the purchase of one common share at $0.1008 for 24 months [8][9]. 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 [10].
Dolly Varden Silver Closes $28.76 Million Bought-Deal Financing, With Participation by Eric Sprott
Newsfile· 2025-06-26 13:26
Core Viewpoint - Dolly Varden Silver Corporation has successfully completed a bought-deal private placement, raising a total of $28,755,500 through the sale of common shares and flow-through shares for exploration and working capital purposes [1][3]. Group 1: Financial Details - The company sold 2,445,500 common shares at $4.60 each, generating gross proceeds of $11,249,300 [1]. - Additionally, 1,128,000 charity flow-through shares were sold at $6.65 each, raising $7,501,200 [1]. - The company also issued 1,740,000 flow-through shares at $5.75 each, resulting in gross proceeds of $10,005,000 [1]. Group 2: Use of Proceeds - Net proceeds from the common shares will be allocated for working capital and general corporate purposes [3]. - Proceeds from the charity flow-through shares and flow-through shares will be directed towards further exploration, mineral resource expansion, and drilling in the Kitsault Valley project and other mineral properties [3]. Group 3: Underwriting and Fees - The offerings were conducted under an underwriting agreement with a syndicate led by Research Capital Corporation and Raymond James Ltd., among others [2]. - The underwriters received a cash fee of $1,437,775, which is 5.0% of the gross proceeds from the offerings [4]. Group 4: Company Overview - Dolly Varden Silver Corporation is focused on advancing its 100% held Kitsault Valley Project, which includes high-grade silver and gold resources [6][7]. - The project is located in the Golden Triangle of British Columbia and is considered prospective for further precious metal deposits [6][7].
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].