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Gold And Silver Rally: The Sprott Physical Gold And Silver Trust Owns The Metals
Seeking Alpha· 2025-02-14 19:34
Group 1 - The Hecht Commodity Report is a comprehensive service covering market movements of over 29 different commodities, providing bullish, bearish, and neutral calls along with actionable trading recommendations [1] - The report offers a free trial and discounts for new subscribers for a limited time [1] - The author has positions in commodities markets, including futures, options, and commodity equities, which can change on an intraday basis [3] Group 2 - The investing group associated with the report provides directional trading recommendations and actionable ideas for traders [2] - The report emphasizes that past performance is not indicative of future results and does not provide specific investment advice [4]
Eric Sprott Announces Changes to Holdings in Summa Silver Corp.
Newsfile· 2025-02-11 13:34
Group 1 - Eric Sprott announced the expiration of 1,111,100 common share purchase warrants of Summa Silver Corp., representing a decrease of approximately 3.6% in holdings on a partially diluted basis [1] - Following the expiration, Mr. Sprott now beneficially owns 19,972,200 Shares and 1,875,000 Warrants, maintaining approximately 16.4% of the outstanding Shares on a non-diluted basis and approximately 17.7% on a partially diluted basis [2] - The expiration of the Warrants resulted in a change in partially diluted ownership of greater than 2%, necessitating an update to the early warning report [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 [3]
Eric Sprott Announces Changes to His Holdings in AbraSilver Resource Corp.
Newsfile· 2025-02-07 18:57
Core Points - Eric Sprott, through 2176423 Ontario Ltd., acquired 700,000 common shares of AbraSilver Resource Corp. at a price of $2.55 per share, totaling $1,785,000 [1] - Following the acquisition, Sprott's total holdings increased to 13,196,300 shares, representing approximately 9.3% of the outstanding shares, a decrease from 9.6% prior to the acquisition [2] - The acquisition led to a reduction in Sprott's holdings by approximately 3.3% since the last Early Warning Report, resulting in him and 2176423 Ontario Ltd. no longer being classified as insiders of AbraSilver Resource [2] Investment Intent - The securities are held for investment purposes, with a long-term view, and Sprott may acquire or sell additional securities depending on market conditions and other relevant factors [3]
RETRANSMISSION: Manganese X Energy Corp. Announces Closing of $2.1 Million Non-Brokered Private Placement with Participation of Eric Sprott
Newsfile· 2025-01-29 13:00
Core Points - Manganese X Energy Corp. successfully closed a non-brokered private placement, raising gross proceeds of $2.1 million through the issuance of 60 million subscription receipts at a price of $0.035 each [1][2] - The proceeds will be held in escrow until necessary shareholder and regulatory approvals are obtained, including the creation of a new "Control Person" under TSX Venture Exchange policies [2][4] - Upon receiving approvals, each subscription receipt will convert into one unit, consisting of one common share and one-half of a share purchase warrant, with the warrant allowing the purchase of additional shares at $0.06 each within 36 months [3][5] Investment Details - Eric Sprott, through 2176423 Ontario Ltd., invested $2 million by subscribing for 57,142,857 subscription receipts, which will represent 26.63% of the outstanding shares (non-diluted) and 35.25% (partially diluted) upon conversion [5] - A shareholder meeting is scheduled for February 28, 2025, to approve Mr. Sprott as a new Control Person of the Company [6] Use of Proceeds - The net proceeds from the offering are intended to advance the Battery Hill Project in New Brunswick, including completing a pre-feasibility study, with some funds allocated for general working capital [7] - The offering utilized the TSXV's Minimum Price Exception, allowing issuances below $0.05 per subscription receipt [7] Company Overview - Manganese X aims to advance its Battery Hill project into production, becoming the first publicly traded manganese mining company in Canada and the US to commercialize high-purity manganese for the EV market [8]
Manganese X Energy Corp. Announces Closing of $2.1 Million Non-Brokered Private Placement with Participation of Eric Sprott
Newsfile· 2025-01-29 05:15
Core Points - Manganese X Energy Corp. successfully closed a non-brokered private placement, raising gross proceeds of $2.1 million through the issuance of 60 million subscription receipts at a price of $0.035 each [1][2] - The proceeds will be held in escrow until necessary shareholder and regulatory approvals are obtained, including the creation of a new "Control Person" under TSX Venture Exchange policies [2][4] - Each subscription receipt will convert into one unit consisting of one common share and one-half of a share purchase warrant, with the warrant allowing the purchase of an additional share at $0.06 within 36 months [3] Investment Details - Eric Sprott, through 2176423 Ontario Ltd., invested $2 million by subscribing for 57,142,857 subscription receipts, which will represent 26.63% of the outstanding shares (non-diluted) and 35.25% (partially diluted) upon conversion [5] - A shareholder meeting is scheduled for February 28, 2025, to approve Mr. Sprott as a new Control Person of the Company [6] Use of Proceeds - The net proceeds from the offering are intended to advance the Battery Hill Project in New Brunswick, including completing a pre-feasibility study, with some funds allocated for general working capital [7] - The offering utilized the TSXV's Minimum Price Exception, allowing issuances below $0.05 per subscription receipt [7] Company Overview - Manganese X aims to advance its Battery Hill project into production, becoming the first publicly traded manganese mining company in Canada and the US to commercialize high-purity manganese for the EV market [8]
Gold will protect investors from fiscal calamity - Sprott's McIntyre
KITCO· 2025-01-22 19:39
Group 1 - The article does not provide any relevant information regarding companies or industries [1][2][3][4]
Bunker Hill Mining Receives Third Tranche from Sprott Standby Facility
GlobeNewswire News Room· 2025-01-20 23:00
Core Viewpoint - Bunker Hill Mining Corp. has received a third tranche of US$5 million under a senior secured credit facility to support the development of its Bunker Hill Mine in Idaho, with total funding potentially reaching US$21 million [1][2]. Company Overview - Bunker Hill Mining Corp. is focused on revitalizing its historic mining asset, which includes zinc, lead, and silver deposits in Idaho's Coeur d'Alene mining district, aiming to maximize shareholder value through sustainable development practices [3][4]. Financial Support and Development Plans - The company has already received US$10 million from Sprott Private Resource Streaming and Royalty Corp. and is working towards fulfilling conditions to access the remaining funds [1][2]. - The operational team is actively engaged in discussions with strategic financing partners and government representatives to advance the restart project, which is expected to create new mining jobs and enhance American industrial security [2].
Sprott makes a pure play in the silver market with a new ETF
KITCO· 2025-01-15 14:48
Neils ChristensenNeils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada. He has worked exclusively within the financial sector since 2007, when he started with the Canadian Economic Press. Neils can be contacted at: 1 866 925 4826 ext. 1526 nchristensen at kitco.com @Neils_cShareDisclaimer: The views expressed ...
Sprott Launches Silver Miners & Physical Silver ETF
Newsfilter· 2025-01-15 13:00
Only U.S.-Listed ETF Providing Pure-Play Exposure to Silver Miners and Physical Silver Silver Miners ETF Adds to Sprott's Expanding ETF Suite TORONTO, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Sprott Asset Management LP ("Sprott Asset Management") today announced the launch of the Sprott Silver Miners & Physical Silver ETF (NASDAQ:SLVR) (the "ETF" or "SLVR"), the only1 ETF focused on providing pure-play2 exposure to silver miners and physical silver, an undervalued precious metal with evolving industrial and techno ...
Sprott Launches Silver Miners & Physical Silver ETF
GlobeNewswire News Room· 2025-01-15 13:00
Only U.S.-Listed ETF Providing Pure-Play Exposure to Silver Miners and Physical Silver Silver Miners ETF Adds to Sprott’s Expanding ETF Suite TORONTO, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Sprott Asset Management LP (“Sprott Asset Management”) today announced the launch of the Sprott Silver Miners & Physical Silver ETF (Nasdaq: SLVR) (the “ETF” or “SLVR”), the only1 ETF focused on providing pure-play2 exposure to silver miners and physical silver, an undervalued precious metal with evolving industrial and techn ...