Eric Sprott Announces Changes to His Holdings in Borealis Mining Company Ltd

Core Points - Eric Sprott announced changes to his holdings in Borealis Mining Company Ltd, exercising 2,000,000 common share purchase warrants at $0.75 per share for a total of $1,500,000 [1] - Following the exercise, Sprott's ownership increased to 9,571,400 shares and 1,785,700 warrants, representing approximately 8.2% of the outstanding shares on a non-diluted basis [2] - The exercise of warrants and previous share issuances resulted in a decrease of approximately 1.3% in Sprott's ownership on a partially diluted basis, bringing total holdings below 10% on a non-diluted basis, thus ceasing to be insiders of Borealis Mining [2] Company Holdings - Prior to the exercise, Sprott beneficially owned 7,571,400 shares and 3,785,700 warrants, representing approximately 6.6% of the outstanding shares on a non-diluted basis [2] - After the exercise, Sprott's holdings reflect a long-term investment view, with potential plans to acquire additional securities or sell existing ones depending on market conditions [3]