Eric Sprott Announces Changes to His Holdings in Sterling Metals Corp.

Rhea-AI Summary

Eric Sprott (SAGGF) announced that on December 22, 2025 he donated 353,333 common shares of Sterling Metals Corp. to The Sprott Foundation, a vehicle he controls.

The donation, combined with prior share issuances, reduced Mr. Sprott's beneficial ownership by approximately 26.5% since the last early warning report and lowered his beneficial ownership to below 10%, causing Mr. Sprott and 2176423 Ontario Ltd. to cease being insiders of Sterling Metals.

Mr. Sprott continues to control the donated 353,333 shares (about 0.8% of issued and outstanding shares). The securities are held for investment and Mr. Sprott may buy or sell in the future depending on market conditions. An early warning report will appear on SEDAR+.

Positive

• Donation date: 353,333 shares on Dec 22, 2025
• Ownership change: beneficial stake decreased by approximately 26.5%
• Insider status: ownership fell below 10%, resulting in cessation of insider status

Negative

• None.

News Market Reaction

+0.74%

1 alert

+0.74% News Effect

On the day this news was published, SAGGF gained 0.74%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Toronto, Ontario--(Newsfile Corp. - December 23, 2025) - Eric Sprott announces that on December 22, 2025, through 2176423 Ontario Ltd., a corporation he beneficially owns, he donated 353,333 common shares (Shares) of Sterling Metals Corp., to The Sprott Foundation (which he controls). Combined with prior Share issuances by Sterling Metals, this resulted in (i) Mr. Sprott's beneficial ownership position to decrease by approximately 26.5% since the date of the last early warning report and (ii) Mr. Sprott's beneficial ownership position to decrease to below 10%. As a result, Mr. Sprott and 2176423 Ontario ceased to be insiders of Sterling Metals Corp.

Prior to the donation of these Shares, Mr. Sprott beneficially owned and controlled 353,333 Shares, representing approximately 0.8% of the issued and outstanding Shares. As a result of the donation, Mr. Sprott still controls the 353,333 Shares donated to The Sprott Foundation. Therefore, Mr. Sprott still controls 353,333 Shares, representing approximately 0.8% of the issued and outstanding Shares.

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.

Sterling Metals is located at 217 Queen St. West, Suite 401, Toronto, Ontario, M5V 0R2. A copy of the early warning report with respect to the foregoing will appear on Sterling Metal's profile on SEDAR+ at www.sedarplus.ca and may also be obtained by calling Mr. Sprott's office at (416) 945-3294 (2176423 Ontario Ltd., 1106 - 7 King Street East, Toronto, Ontario M5C 3C5).

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278885

FAQ

What did Eric Sprott announce about his Sterling Metals (SAGGF) holdings on December 22, 2025?

He donated 353,333 shares to The Sprott Foundation, reducing his beneficial ownership by ~26.5% and lowering it to below 10%.

Does Eric Sprott still control the shares donated in the Sterling Metals (SAGGF) transaction?

Yes. Mr. Sprott continues to control the 353,333 shares donated to The Sprott Foundation, representing about 0.8% of outstanding shares.

Why did Eric Sprott cease to be an insider of Sterling Metals (SAGGF)?

Because his beneficial ownership fell to below 10% after the donation, Mr. Sprott and 2176423 Ontario Ltd. ceased to be insiders.

Will Eric Sprott buy or sell additional Sterling Metals (SAGGF) shares after the donation?

The announcement states he may acquire or sell additional securities in the future depending on market conditions and other factors.

Where can investors find the early warning report for Eric Sprott's Sterling Metals (SAGGF) transaction?

The early warning report will be available on SEDAR+ and can be requested via the contact information provided in the announcement.

How large a stake does the donated block represent in Sterling Metals (SAGGF)?

The donated block is 353,333 shares, which the announcement states represents approximately 0.8% of issued and outstanding shares.