Eric Sprott Announces Changes to His Holdings in Silver47 Exploration Corp.

Core Viewpoint - Eric Sprott's holdings in Silver47 Exploration Corp. have decreased due to the expiration of 847,500 common share purchase warrants, resulting in a reduction of approximately 3.0% of the outstanding common shares on a partially diluted basis [1][2]. Group 1 - As of December 29, 2025, Mr. Sprott beneficially owned 15,883,434 Shares, representing approximately 9.2% of the outstanding Shares on a non-diluted basis and 10.4% on a partially diluted basis before the expiration of the Warrants [1]. - Following the expiration of the Warrants, Mr. Sprott now holds 15,883,434 Shares and 1,428,000 Warrants, which equates to approximately 9.9% on a partially diluted basis [2]. - The expiration of the Warrants, combined with previous new share issuances by Silver47 Exploration, has resulted in Mr. Sprott's total holdings falling below 10% on a partially diluted basis, leading to the cessation of his status as an insider of the company [2]. Group 2 - The securities held by Mr. Sprott are for investment purposes, and he maintains a long-term view of the investment [3]. - Mr. Sprott may consider acquiring additional securities or selling existing ones depending on market conditions and other relevant factors [3].