Ridgeline files Early Warning Report in Respect of Spartan Metals Corp.

Rhea-AI Summary

Ridgeline Minerals (OTCQB: RDGMF) reported that on July 13, 2026 it disposed of 600,000 common shares of Spartan Metals at $0.48 per share, for gross proceeds of $288,000 (the “Disposition”).

Before the Disposition, Ridgeline beneficially owned or controlled 5,380,466 Spartan shares, or about 10.77% of Spartan on an undiluted basis. After the sale, it holds 5,230,466 shares, or approximately 8.84%. This reduction drops Ridgeline below the 10% early warning reporting threshold under Canadian securities laws, so it is no longer subject to ongoing early warning reporting for this holding unless its interest rises back to 10% or more. Ridgeline says it holds the shares for investment purposes and may adjust its position depending on market and company-specific factors. An early warning report has been filed on SEDAR+.

Positive

• Disposed 600,000 Spartan shares for gross proceeds of $288,000

Negative

• None.

News Market Reaction – SPRMF

+7.98%

+7.98% Session close to close

In the Jul 15 session, SPRMF gained 7.98%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock moved +8.0% in the session following this news. If Spartan shares had moved sharply higher...

Analysis

The stock moved +8.0% in the session following this news. If Spartan shares had moved sharply higher, it would contrast with prior mixed reactions where positive technical news produced both gains and losses, and could reflect attention on a large holder’s sub-10% position; low short interest reduces short-squeeze dynamics but also limits forced buying.

Key Figures

Shares disposed: 600,000 shares Sale price: $0.48 per share Gross proceeds: $288,000 +5 more

8 metrics

Shares disposed 600,000 shares Spartan common shares sold on Jul 13, 2026

Sale price $0.48 per share Price per Spartan Share in the Disposition

Gross proceeds $288,000 Aggregate gross proceeds from Spartan Share Disposition

Pre-sale holdings 5,380,466 shares Spartan Shares owned before Disposition

Pre-sale ownership 10.77% Undiluted stake in Spartan before Disposition

Post-sale holdings 5,230,466 shares Spartan Shares owned after Disposition

Post-sale ownership 8.84% Undiluted stake in Spartan after Disposition

Early warning threshold 10% Canadian early warning reporting threshold for share ownership

Historical Context

5 past events · Latest: Jul 07 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jul 07	Exploration assays	Positive	-7.1%	High-grade tungsten assays reported from past producing Rees Tungsten Mine.
Jun 30	Resource validation	Positive	+5.9%	Historic drilling validation at Victorio project supporting updated PEA timeline.
Jun 25	Exploration assays	Positive	+11.1%	High-grade silver-antimony-copper assays from Antelope Mine at Eagle Project.
Jun 23	Exploration update	Positive	-10.3%	Confirmation of tungsten skarn zones and planned drilling at Eagle Project.
Jan 23	Media interview	Positive	+2.3%	CEO interview highlighting high-grade tungsten samples and exploration strategy.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Spartan has shown sharp, mixed reactions to generally positive exploration news, with both rallies and selloffs following technical updates.

Key Terms

early warning report, national instrument 62-103, sedar+, treasury issuances

4 terms

early warning report regulatory

"The early warning report in respect of the Disposition has been filed on SEDAR+"

An early warning report is a regulatory filing that publicly discloses when an investor or insider has taken a large or potentially influential position in a company's shares or plans significant actions with those shares. It matters to investors because it flags possible shifts in control, takeover attempts, or concentrated influence—like a neighborhood notice that someone is buying several houses on the block—helping readers reassess risk, valuation, and trading strategy.

national instrument 62-103 regulatory

"This news release is being issued pursuant to National Instrument 62-103 - The Early Warning System"

National Instrument 62-103 is a Canadian securities rule that requires public disclosure when someone builds a large ownership stake or launches a takeover attempt for a company’s shares. Think of it as a neighborhood rule that forces anyone buying a big slice of a pie to put up a sign so neighbors know a change of ownership might be coming. For investors it matters because these filings signal potential shifts in control, can move the stock price, and trigger other regulatory steps that affect trading and governance.

sedar+ regulatory

"The early warning report in respect of the Disposition has been filed on SEDAR+"

SEDAR+ is Canada’s centralized online system where publicly traded companies submit required regulatory documents such as financial reports, prospectuses and disclosure statements. It gives investors a single, searchable place — like a public library or online filing cabinet — to check a company’s official records for transparency, compare performance, and verify material information before making investment decisions.

treasury issuances financial

"increase or decrease its ownership ... through market transactions, private agreements, treasury issuances"

New debt securities that a government sells to raise money, such as short-term bills, medium-term notes, and long-term bonds issued by the treasury. Think of them like a household selling IOUs to cover expenses: the government promises to repay with interest. Investors watch treasury issuances because the amount, timing, and type offered influence interest rates, bond yields, the supply of safe assets, and overall market liquidity.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Vancouver, British Columbia--(Newsfile Corp. - July 14, 2026) - Ridgeline Minerals Corp. (TSXV: RDG) (OTCQB: RDGMF) (FSE: 0GC0) ("Ridgeline" or the "Company") announces that on July 13, 2026 it disposed of a total of 600,000 common shares (the "Spartan Shares") in the capital of Spartan Metals Corp. ("Spartan") at a price of $0.48 per Spartan Share for aggregate gross proceeds of $288,000 (the "Disposition").

Prior to the Disposition, Ridgeline beneficially owned and/or controlled, directly or indirectly, an aggregate of 5,380,466 Spartan Shares, representing approximately 10.77% of Spartan's issued and outstanding common shares on an undiluted basis. Following completion of the Disposition, Ridgeline beneficially owns or exercises control or direction over 5,230,466 Spartan Shares, representing approximately 8.84% of Spartan's issued and outstanding common shares on an undiluted basis. As a result of the Disposition, Ridgeline's beneficial ownership of, and control or direction over, Spartan Shares has decreased below the 10% threshold that gives rise to the early warning reporting requirements under applicable Canadian securities laws. Accordingly, Ridgeline is no longer subject to the early warning reporting requirements in respect of its holdings of Spartan Shares unless its beneficial ownership of, or control or direction over, Spartan Shares subsequently increases to 10% or more.

Ridgeline holds the Spartan Shares for investment purposes and will continue to review its investment in Spartan on an ongoing basis. The investment review will take into consideration various factors, including, without limitation, Spartan's financial position, the market price of the Spartan Shares, conditions in the securities markets, general economic and industry conditions, Spartan's business and financial condition, and other factors and conditions that Ridgeline may deem appropriate. Ridgeline may, from time to time and at any time, increase or decrease its ownership of, or control or direction over, Spartan securities through market transactions, private agreements, treasury issuances, exercise of warrants or options, or otherwise, as circumstances or market conditions warrant and in accordance with applicable securities laws.

This news release is being issued pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. The early warning report in respect of the Disposition has been filed on SEDAR+ (www.sedarplus.ca) under Spartan's issuer profile. To obtain a copy of the early warning report filed by Ridgeline, please contact Chad Peters, P.Geo., President and CEO of Ridgeline at +1 775 304 9773 or refer to SEDAR+ (www.sedarplus.ca) under Ridgeline's issuer profile.

About Ridgeline Minerals Corp.

Ridgeline Minerals is a discovery focused precious and base metal explorer with a proven management team and a 200 km² exploration portfolio across seven projects in Nevada, USA. The Company is a hybrid explorer with a mix of 100%-owned exploration assets (Big Blue, Atlas, Bell Creek & Coyote) as well as two earn-in exploration agreements with Nevada Gold Mines at its Swift and Black Ridge projects and a third earn-in with South32 at its Selena project totaling up to US $60 million in partner-funded exploration expenditures. More information about Ridgeline can be found at www.ridgelineminerals.com.

On behalf of the Board
"Chad Peters"
President & CEO

Further Information:
Chad Peters, P.Geo.
President, CEO & Director Ridgeline Minerals Corp.
+1 775 304 9773
cpeters@ridgelineminerals.com

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/305182

FAQ

What did Ridgeline Minerals (RDGMF) announce about its Spartan Metals shareholding on July 14, 2026?

Ridgeline announced it sold 600,000 Spartan Metals shares on July 13, 2026 at $0.48 per share. According to Ridgeline, this reduced its stake below the 10% early warning threshold, changing its Canadian securities reporting obligations for this investment.

How many Spartan Metals shares does Ridgeline Minerals (RDGMF) own after the July 2026 sale?

After the sale, Ridgeline beneficially owns or controls 5,230,466 Spartan Metals shares, about 8.84% of Spartan’s undiluted shares. According to Ridgeline, this is down from 5,380,466 shares, or roughly 10.77%, before the July 13, 2026 Disposition.

Why did Ridgeline Minerals (RDGMF) file an early warning report related to Spartan Metals?

Ridgeline filed an early warning report because its ownership in Spartan Metals changed and fell below 10%. According to Ridgeline, this threshold triggers disclosure requirements under National Instrument 62-103, and the report has been filed on SEDAR+ under Spartan’s issuer profile.

Is Ridgeline Minerals (RDGMF) still subject to early warning reporting for Spartan Metals shares?

Ridgeline is no longer subject to ongoing early warning reporting for its Spartan holdings after dropping to about 8.84%. According to Ridgeline, early warning obligations would resume only if its beneficial ownership or control returns to 10% or more in future.

At what price did Ridgeline Minerals (RDGMF) sell its Spartan Metals shares in July 2026?

Ridgeline sold 600,000 Spartan Metals shares at a price of $0.48 per share, for gross proceeds of $288,000. According to Ridgeline, this transaction, dated July 13, 2026, lowered its ownership stake below the 10% early warning threshold.

What are Ridgeline Minerals’ (RDGMF) plans for its remaining Spartan Metals investment?

Ridgeline states it holds Spartan Metals shares for investment purposes and will review the position on an ongoing basis. According to Ridgeline, future decisions will consider Spartan’s financial position, share price, market conditions, and other relevant business and economic factors.