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Eric Sprott Announces Changes to His Holdings in Trigon Metals Inc.

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Eric Sprott announced that 2,500,000 warrants of Trigon Metals (OTC: PNTZF) expired unexercised on October 24, 2025, reducing his partially diluted holdings by approximately 5.8%.

Prior to expiry he beneficially owned 6,509,666 common shares and 2,500,000 warrants (about 11.9% non-diluted; 15.7% partially diluted). After expiry he continues to beneficially own 6,509,666 shares representing 11.9% non-diluted. The partial-dilution change exceeded 2%, prompting an updated early warning filing. Securities are held for investment; Mr. Sprott may buy or sell additional securities in the future.

Eric Sprott ha annunciato che 2.500.000 warrant di Trigon Metals (OTC: PNTZF) sono scaduti non esercitati il 24 ottobre 2025, riducendo le sue partecipazioni parzialmente diluite di circa 5,8%.

Prima della scadenza deteneva beneficiamente 6.509.666 azioni ordinarie e 2.500.000 warrant (circa 11,9% non diluito; 15,7% parzialmente diluito). Dopo la scadenza continua a detenere beneficiamente 6.509.666 azioni corrispondenti al 11,9% non diluito. Il cambiamento di diluzione parziale ha superato il 2%, provocando una nuova comunicazione di avviso anticipato. I titoli sono detenuti per investimento; il signor Sprott potrebbe acquistare o vendere ulteriori titoli in futuro.

Eric Sprott anunció que 2.500.000 warrants de Trigon Metals (OTC: PNTZF) expiraron sin ser ejercidos el 24 de octubre de 2025, reduciendo sus participaciones parcialmente diluidas en aproximadamente 5,8%.

Antes de la expiración, él poseía de manera beneficiosa 6.509.666 acciones comunes y 2.500.000 warrants (aproximadamente 11,9% no diluido; 15,7% parcialmente diluido). Después de la expiración continúa poseyendo de manera beneficiosa 6.509.666 acciones que representan 11,9% no diluido. El cambio de dilución parcial superó el 2%, lo que provocó un nuevo aviso de alerta temprana. Los valores se mantienen como inversión; el Sr. Sprott podría comprar o vender valores adicionales en el futuro.

에릭 스프로트가 트라이곤 메탈스(OTC: PNTZF)의 250만 주의 워런트2025년 10월 24일에 행사되지 않고 만료되었다고 발표했고, 그의 부분적으로 희석된 보유가 약 5.8% 감소했습니다.

만료되기 전에는 6,509,666주식의 실질 보유와 2,500,000개의 워런트를 보유했고(약 11.9% 비희석; 15.7% 부분 희석), 만료 후에도 여전히 6,509,666주식을 보유하며 비희석 기준으로 11.9%를 차지합니다. 부분 희석 변화가 2%를 초과하여 조기 경보 통지가 업데이트되었습니다. 이 증권은 투자 목적이며, 스프로트 회장은 향후 추가 증권을 매수하거나 매도할 수 있습니다.

Eric Sprott a annoncé que 2 500 000 warrants de Trigon Metals (OTC: PNTZF) ont expiré non exercés le 24 octobre 2025, réduisant ses avoirs partiellement dilués d’environ 5,8%.

Avant l’expiration, il détenait de manière bénéficiaire 6 509 666 actions ordinaires et 2 500 000 warrants (environ 11,9% non dilué; 15,7% partiellement dilué). Après l’expiration, il continue de détenir de manière bénéficiaire 6 509 666 actions représentant 11,9% non dilué. Le changement de dilution partielle a dépassé 2%, entraînant un dépôt de mise en garde précoce mis à jour. Les titres sont détenus en investissement; M. Sprott peut acheter ou vendre des titres supplémentaires à l’avenir.

Eric Sprott meldete, dass 2.500.000 Warrants von Trigon Metals (OTC: PNTZF) am 24. Oktober 2025 unverarbeitet verfallen sind, wodurch seine teilweise verwässerten Beteiligungen um ca. 5,8% gesenkt wurden.

Vor dem Verfall besaß er vorteilhaft 6.509.666 Stammaktien und 2.500.000 Warrants (ca. 11,9% unverändert; 15,7% teilweise verwässert). Nach dem Verfall hält er weiterhin vorteilhaft 6.509.666 Aktien und damit 11,9% unverändert. Die Veränderung der Teilverwässerung übertraf 2%, was eine aktualisierte frühzeitige Warnmeldung zur Folge hatte. Die Wertpapiere werden als Investition gehalten; Herr Sprott kann künftig weitere Wertpapiere kaufen oder verkaufen.

إريك سبروت أعلن أن 2,500,000 أداة ثقة من Trigon Metals (OTC: PNTZF) انقضت بدون ممارستها في 24 أكتوبر 2025، مما خفض ممتلكاته جزئياً المخفّاة بنحو 5.8%.

قبل الانقضاء كان يمتلك بشكل مستفيد 6,509,666 أسهم عادية و 2,500,000 أداة ثقة (حوالي 11.9% غير مَمْدُود؛ 15.7% مخفّف جزئياً). بعد الانقضاء سيواصل امتلاكه بشكل مستفيد 6,509,666 سهم يمثل 11.9% غير مَمْدُود. تغير التخفيض الجزئي تجاوز 2%، مما دفع إلى تقديم تحديث لإبلاغ مبكر. الأوراق المالية مملوكة لغرض الاستثمار؛ قد يشتري السيد سبروت أو يبيع أوراق مالية إضافية في المستقبل.

Eric Sprott 宣布,Trigon Metals(OTC: PNTZF)的 250万份认股权证2025年10月24日 到期前未被行使,导致他的部分稀释持股约减少 5.8%

在到期前,他实际持有 6,509,666股普通股 和 2,500,000 份认股权证(大约 11.9% 非摊薄;15.7% 部分摊薄)。到期后,他仍实际持有 6,509,666股,占 11.9% 非摊薄。部分摊薄的变化超过 2%,因此更新了提前警示备案。证券为投资用途;斯普罗特先生未来可能买入或卖出额外证券。

Positive
  • Beneficial ownership remains at 6,509,666 shares
  • Non-diluted stake remains at 11.9%
  • Early warning update filed after >2% partially diluted change
Negative
  • Expiry of 2,500,000 warrants reduced partially diluted stake by ~5.8%
  • Partially diluted ownership declined from 15.7% to 11.9%
  • Holder may buy or sell additional securities, creating potential share-pressure

Toronto, Ontario--(Newsfile Corp. - October 27, 2025) - Eric Sprott announces that, on October 24, 2025, 2,500,000 common share purchase warrants (Warrants) of Trigon Metals Inc. held by Sprott Mining Inc., a corporation beneficially owned by him, expired unexercised representing a decrease in holdings of approximately 5.8% of the outstanding common shares (Shares) on a partially diluted basis since the date of the last early warning report. Prior to such expiry, Mr. Sprott beneficially owned and controlled 6,509,666 Shares and 2,500,000 Warrants representing approximately 11.9% of the outstanding Shares on a non-diluted basis and approximately 15.7% on a partially diluted basis assuming the exercise of such Warrants.

As a result of the expiry of the Warrants, Mr. Sprott now beneficially owns 6,509,666 Shares representing approximately 11.9% of the outstanding Shares on a non-diluted basis. The Warrant expiry resulted in a partially diluted ownership change of greater than 2% and, therefore, the filing of an update to the early warning report.

The securities are held for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities including on the open market or through private acquisitions or sell the securities including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

Trigon Metals address is 658 Lansdowne Avenue, Toronto, Ontario, M6H 3Y8. A copy of the early warning report with respect to the foregoing will appear on Trigon Metals's profile on SEDAR+ at www.sedarplus.ca and may also be obtained by calling Mr. Sprott's office at (416) 945-3294 (Sprott Mining Inc., 7 King Street East, Suite 1106, Toronto, Ontario, M5C 3C5).

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/271924

FAQ

What happened to Eric Sprott's Trigon Metals (PNTZF) holdings on October 24, 2025?

On October 24, 2025 2,500,000 warrants expired unexercised, reducing his partially diluted holdings by ~5.8%.

How many Trigon Metals (PNTZF) shares does Eric Sprott beneficially own after the warrant expiry?

He beneficially owns 6,509,666 shares, representing approximately 11.9% of outstanding shares on a non-diluted basis.

Why was an early warning update filed for Eric Sprott and Trigon Metals (PNTZF)?

The warrant expiry caused a partially diluted ownership change of greater than 2%, triggering an updated early warning filing.

Did Eric Sprott sell any Trigon Metals (PNTZF) shares in this transaction?

No; the change resulted from warrants expiring unexercised, not from a sale of shares.

Could Eric Sprott buy or sell more Trigon Metals (PNTZF) securities after October 24, 2025?

Yes; the announcement states he may acquire or dispose of additional securities in the future depending on market conditions.
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