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Chesapeake Gold Announces Upsize of Previously Announced Bought Deal Public Offering to $15 Million and Non-Brokered Private Placement With Participation by Eric Sprott
Accessnewswire· 2026-01-12 20:33
Core Viewpoint - Chesapeake Gold Corp. has increased its public offering due to significant investor demand, raising the amount from $10,000,002.60 to $15,000,300 [1] Group 1: Offering Details - The upsized Underwritten Offering will involve the Underwriters purchasing 3,571,500 units at a price of $4.20 per Unit [1]
Silver Stackers Aim to ‘Screw the Bankers’
Daily Reckoning· 2026-01-09 23:00
Core Viewpoint - The article discusses the potential for a silver short squeeze driven by major U.S. banks' short positions in silver futures, particularly focusing on the implications of margin calls and the disparity between paper silver contracts and physical silver availability [1][3][17]. Group 1: Market Dynamics - Major American banks, including JPMorgan, hold significant short positions in silver futures, with JPMorgan allegedly covering over 5,900 metric tons (approximately 190 million ounces) of silver that may not exist in physical form [2]. - The concentration of short positions among a few banks raises concerns about market manipulation and the potential for a short squeeze, especially given projected supply deficits of 95-200 million ounces for 2026 [3][7]. - Recent margin hikes on COMEX have strained liquidity, prompting Federal Reserve interventions, including $17 billion in emergency cash to a bank and unlimited repo operations [3]. Group 2: Price Projections - If a severe short squeeze occurs, silver prices could potentially rise to as high as $200 per ounce, driven by the need for banks to cover their shorts amid rising prices [4][17]. - Current silver prices are around $81 per ounce as of January 6, 2026, indicating a significant potential for price volatility [3][18]. Group 3: Paper Silver Issues - The article highlights the "paper silver" problem, where for every ounce of deliverable physical silver, up to 300 ounces of paper contracts are traded, creating a significant mismatch between supply and demand [12][17]. - Historical experiences indicate that bullion banks have manipulated the market by delaying physical deliveries, which could lead to a similar situation in the future as demand for physical silver increases [16][17]. Group 4: Market Sentiment - There is a strong narrative among investors that banks are manipulating silver prices to keep them low, which has led to increased interest in stacking silver bullion to create a short squeeze [7][9]. - The perception of collusion between banks and governments to suppress silver prices is powerful and influences investor behavior [8][9].
RETRANSMISSION: Blackrock Silver Closes C$15 Million Private Placement Led By a C$7 Million Investment from Eric Sprott
TMX Newsfile· 2026-01-09 11:00
Core Viewpoint - Blackrock Silver Corp. has successfully completed a non-brokered private placement, raising gross proceeds of C$14,999,930 to strengthen its balance sheet and advance the Tonopah West project towards development [1][2]. Financing Details - The private placement involved the issuance of 13,636,300 units at a price of C$1.10 per unit, with each unit consisting of one common share and one-half of a common share purchase warrant [1]. - Eric Sprott, through 2176423 Ontario Ltd., purchased C$6,999,960 worth of the offering, marking significant support from a cornerstone investor [1][2]. - The net proceeds will be allocated for exploration, permitting, and pre-development activities on the Tonopah West project, as well as for general working capital [2]. Finder's Fees and Related Transactions - The company paid finder’s fees totaling C$689,997 to Research Capital Corporation and issued 627,270 non-transferable finder's warrants, each allowing the purchase of one common share at an exercise price of C$1.50 until January 8, 2028 [3]. - The participation of Eric Sprott in the offering is classified as a "related party transaction," and the company has relied on exemptions from formal valuation and minority shareholder approval requirements [4]. Securities and Hold Period - The common shares, warrants, and finder's warrants issued are subject to a hold period expiring on May 9, 2026 [5]. Company Overview - Blackrock Silver Corp. is focused on the exploration and development of precious metals, particularly silver, with a portfolio of properties in Nevada [7].
Eric Sprott Announces Changes to His Holdings of Galantas Gold Corporation
TMX Newsfile· 2025-12-31 19:37
Acquisition Details - Eric Sprott's corporation, 2176423 Ontario Ltd., acquired 50,000,000 units of Galantas Gold Corporation through a private placement at $0.08 per unit, totaling approximately $4,000,000 [1] - Each unit consists of one common share and one share purchase warrant, allowing the holder to acquire one share at $0.12 for 36 months from the issuance date [1] Ownership Changes - Prior to the acquisition, Mr. Sprott owned 10,166,667 shares, representing about 7.7% of the outstanding shares [2] - Post-acquisition, Mr. Sprott now owns 60,166,667 shares and 50,000,000 warrants, representing approximately 13.1% of the outstanding shares on a non-diluted basis and 19.999% on a partially-diluted basis [2] Investment Intentions - The securities are held for investment purposes, with a long-term view, and Mr. Sprott may acquire additional securities or sell them depending on market conditions and other relevant factors [3]
Eric Sprott Announces Changes to His Holdings in Silver47 Exploration Corp.
TMX Newsfile· 2025-12-30 12:35
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].
Metal Source Mining Announces $1.02 Million Private Placement with Eric Sprott and Provides Exploration Update
TMX Newsfile· 2025-12-24 19:28
Core Viewpoint - Metal Source Mining Inc. has announced a non-brokered private placement financing of 3,400,000 units at a price of $0.30 per unit, resulting in gross proceeds of $1,020,000 [1][2]. Financing Details - Each unit consists of one common share and one-half of a transferable common share purchase warrant, with each whole warrant allowing the purchase of one additional common share at $0.40 for two years [2]. - The sole investor in this offering is Eric Sprott, who will acquire all 3,400,000 units for a total of $1,020,000 [2]. Regulatory and Closing Information - All securities issued will be subject to statutory hold periods under Canadian securities laws, and the offering is expected to close on or before December 31, 2025, pending necessary regulatory approvals [3]. Exploration Update - The company is currently drilling at the Silver Hill Project, with Hole 4 completed and additional drill holes planned as part of the ongoing exploration phase [4]. - Further updates will be provided as drilling progresses and analytical results are available [4]. Company Overview - Metal Source Mining Inc. is a Canadian exploration company focused on acquiring, exploring, and developing high-quality precious and base metal projects in mining-friendly jurisdictions [5].
Aftermath Closes $20 Million Financing, with Participation by Eric Sprott
TMX Newsfile· 2025-12-23 15:58
Core Viewpoint - Aftermath Silver Ltd. has successfully closed a brokered private placement, raising gross proceeds of $20,000,025 through the issuance of 22,222,250 common shares, aimed at funding exploration and development projects, particularly the Berenguela Silver-Copper-Manganese project in Peru [1][3]. Group 1: Offering Details - The private placement was completed under the Listed Issuer Financing Exemption, allowing the shares to be sold without resale restrictions under Canadian securities laws [2]. - A related party acquired 9,900,000 shares in the offering, which is classified as a related party transaction, exempt from certain valuation and minority shareholder approval requirements due to the fair market value being below 25% of the company's market capitalization [4]. - The company paid approximately $1,200,000 in cash commissions to the agents involved in the offering, which is subject to final approval from the TSX Venture Exchange [5]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to further exploration and development of the Berenguela Project, completion of a pre-feasibility study, exploration of other mineral projects, and general corporate purposes [3]. Group 3: Company Overview - Aftermath Silver Ltd. is a Canadian junior exploration company focused on silver and critical metals, aiming to create shareholder value through the discovery and development of quality projects in stable jurisdictions [7].
Eric Sprott Announces Changes to His Holdings in Canstar Resources Inc.
TMX Newsfile· 2025-12-23 13:00
Core Viewpoint - Eric Sprott donated 27,863,339 common shares of Canstar Resources Inc. to The Sprott Foundation, resulting in a decrease of approximately 10.3% in his holdings since the last early warning report [1]. Group 1 - The donation was made through 2176423 Ontario Ltd., a corporation beneficially owned by Eric Sprott [1]. - Prior to the donation, Mr. Sprott owned 27,863,339 shares, which represented approximately 15.0% of the issued and outstanding shares of Canstar Resources Inc. [1][2]. - Following the donation, Mr. Sprott still controls the same number of shares, maintaining his ownership percentage at approximately 15.0% [2]. Group 2 - The securities are held for investment purposes, and Mr. Sprott has a long-term view of the investment [3]. - There is potential for Mr. Sprott to acquire additional securities or sell existing ones depending on market conditions and other relevant factors [3].
Eric Sprott Announces Changes to His Holdings in Strikepoint Gold Inc.
TMX Newsfile· 2025-12-23 13:00
Core Viewpoint - Eric Sprott donated 2,984,200 common shares of StrikePoint Gold Inc. to The Sprott Foundation, resulting in a decrease of his beneficial ownership position to below 10% and ceasing to be an insider of the company [1]. Group 1 - Prior to the donation, Mr. Sprott beneficially owned and controlled 2,984,200 shares, representing approximately 4.8% of the issued and outstanding shares [2]. - Following the donation, Mr. Sprott still controls the same number of shares donated, maintaining a 4.8% ownership of the issued and outstanding shares [2]. - The shares are held for investment purposes, with Mr. Sprott having a long-term view and the potential to acquire or sell additional securities based on market conditions [3].
Eric Sprott Announces Changes to His Holdings in Sterling Metals Corp.
TMX Newsfile· 2025-12-23 13:00
Core Viewpoint - Eric Sprott has donated 353,333 common shares of Sterling Metals Corp. to The Sprott Foundation, resulting in a significant decrease in his beneficial ownership position below 10% [1]. Group 1: Share Ownership Changes - Prior to the donation, Mr. Sprott beneficially owned and controlled 353,333 shares, representing approximately 0.8% of the issued and outstanding shares [2]. - Following the donation, Mr. Sprott's beneficial ownership position decreased by approximately 26.5% since the last early warning report [1]. - Despite the donation, Mr. Sprott still controls the donated shares through The Sprott Foundation, maintaining a control of approximately 0.8% of the issued and outstanding shares [2]. Group 2: Future Intentions - The securities held by Mr. Sprott are for investment purposes, with a long-term view on the investment [3]. - Mr. Sprott may acquire additional securities or sell existing ones depending on market conditions and other relevant factors [3].