Eric Sprott discloses 6.5% stake in Highlander Silver

Highlander Silver Corp. Schedule 13G reports that Eric Sprott, together with 2176423 Ontario Ltd., holds 13,304,671 Common Shares, representing 6.5% of the outstanding common stock.

Rhea-AI Filing Summary

Highlander Silver Corp. Schedule 13G reports that Eric Sprott, together with 2176423 Ontario Ltd., holds 13,304,671 Common Shares, representing 6.5% of the outstanding common stock. The filing states the outstanding share base is 203,286,668 shares as of March 31, 2026. The filing discloses that the holdings are recorded through 2176423 Ontario Ltd. and that Mr. Sprott disclaims beneficial ownership except to the extent of his pecuniary interest; shared voting and dispositive power are both reported as 13,304,671. The report is signed by Eric Sprott on May 13, 2026.

Insights

Governance Analyst

Schedule 13G shows a passive, disclosed stake of 6.5% held via a controlled entity.

The filing states 13,304,671 Common Shares held through 2176423 Ontario Ltd. and reports shared voting and dispositive power of the same amount. The percentage is calculated from March 31, 2026 outstanding shares.

Timing and mechanics: the report is dated May 13, 2026. The disclosure states a disclaimer of direct beneficial ownership by Mr. Sprott except for pecuniary interest; cash‑flow treatment or planned transactions are not specified in the provided excerpt.

Securities Compliance Specialist

Filing aligns with passive investor reporting and clarifies indirect control via a holding company.

The Schedule 13G identifies the reporting persons and gives exact counts: 13,304,671 shares and 6.5% of 203,286,668 outstanding. It records shared voting/dispositive power rather than sole power.

Regulatory note: the document includes the standard disclaimer language about beneficial ownership through an affiliate. No further actions or plans are disclosed in the excerpt.

Key Figures

Reported holdings: 13,304,671 shares Percent of class: 6.5% Shares outstanding: 203,286,668 shares +3 more

6 metrics

Reported holdings 13,304,671 shares Common Shares held via 2176423 Ontario Ltd.

Percent of class 6.5% Calculated from outstanding shares as of <date>March 31, 2026</date>

Shares outstanding 203,286,668 shares Issuer's Annual Report as of <date>March 31, 2026</date>

CUSIP 43087N204 Class identifier for Common Shares

Shared voting power 13,304,671 shares Reported shared voting power for reporting persons

Shared dispositive power 13,304,671 shares Reported shared dispositive power for reporting persons

Key Terms

Schedule 13G, Beneficial ownership, Shared dispositive power, Pecuniary interest

4 terms

Schedule 13G regulatory

"Schedule 13G reports beneficial ownership by certain investors"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

Beneficial ownership regulatory

"Eric Sprott disclaims beneficial ownership of the shares held by 2176423 Ontario Ltd."

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Shared dispositive power regulatory

"Shared Dispositive Power 13,304,671.00 is reported"

Pecuniary interest financial

"disclaims beneficial ownership ... except to the extent of his pecuniary interest therein"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stake does Eric Sprott report in Highlander Silver (HSLV)?

Eric Sprott and 2176423 Ontario Ltd. report 13,304,671 shares, equal to 6.5% of common stock. The percentage is calculated from 203,286,668 shares outstanding as of March 31, 2026, per the filing.

Are Mr. Sprott's shares held directly or through an entity?

The shares are held of record by 2176423 Ontario Ltd. The filing states Mr. Sprott controls that entity and disclaims beneficial ownership except to the extent of his pecuniary interest in the entity.

What voting and dispositive powers are reported for the holding?

The filing reports 0 sole voting/dispositive power and 13,304,671 shared voting and shared dispositive power. Those counts match the reported number of shares attributed to the reporting persons.

What outstanding share count does the Schedule 13G use to calculate the percentage?

The filing uses 203,286,668 shares outstanding as set forth in the issuer's annual report referenced for March 31, 2026. That figure is the basis for the reported 6.5% stake.

When was the Schedule 13G signed and filed by the reporting persons?

The Schedule 13G is signed by Eric Sprott with a signature date of May 13, 2026. The cover data cites the issuer CUSIP 43087N204 and class as Common Shares.

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

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Accepted by SEC EDGAR 05/13/2026 - 06:40 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Highlander Silver Corp.

(Name of Issuer)

Common Shares

(Title of Class of Securities)

43087N204

(CUSIP Number)

03/10/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 43087N204

1

Names of Reporting Persons

Eric Sprott

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CANADA (FEDERAL LEVEL)

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 13,304,671.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 13,304,671.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

13,304,671.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.5 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: Row 6 consists of 13,304,671 Common Shares, no par value (the "Common Shares"), of Highlander Silver Corp. (the "Issuer") held of record by 2176423 Ontario Ltd. Eric Sprott controls 2176423 Ontario Ltd. and has the power to direct the voting and disposition of Common Shares held by such entity through his ownership interests of such entity. Eric Sprott disclaims beneficial ownership of the shares held by 2176423 Ontario Ltd. except to the extent of his pecuniary interest therein. The percentage set forth in Row 11 is calculated based on 203,286,668 shares of Common Stock outstanding, as set forth Issuer's Annual Report, filed with the Securities and Exchange Commission on March 31, 2026.

SCHEDULE 13G

CUSIP Number(s): 43087N204

1

Names of Reporting Persons

2176423 Ontario Ltd.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CANADA (FEDERAL LEVEL)

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 13,304,671.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 13,304,671.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

13,304,671.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.5 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: The percentage set forth in Row 11 is calculated based on 203,286,668 shares of Common Stock outstanding, as set forth Issuer's Annual Report, filed with the Securities and Exchange Commission on March 31, 2026.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Highlander Silver Corp.
(b)	Address of issuer's principal executive offices: 2500 - 100 King Street W, Toronto, Ontario, Canada, M5X 1A9
Item 2.
(a)	Name of person filing: This Schedule 13G is being jointly filed by Eric Sprott and 2176423 Ontario Ltd., each of the foregoing, a "Reporting Person," and collectively, the "Reporting Persons".
(b)	Address or principal business office or, if none, residence: 7 King Street East, Suite 1106, Toronto, Ontario, Canada, M5C 3C5
(c)	Citizenship: Mr. Sprott is a Canadian citizen. 2176423 Ontario Ltd. exists under the Business Corporations Act (Ontario).
(d)	Title of class of securities: Common Shares
(e)	CUSIP Number(s): 43087N204
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 13,304,671
(b)	Percent of class: 6.5 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 13,304,671
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 13,304,671
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. Eric Sprott controls 2176423 Ontario Ltd. and has the power to direct the voting and disposition of Common Shares held by such entity through his ownership interests in such entity. Eric Sprott disclaims beneficial ownership of the shares held by 2176423 Ontario Ltd. except to the extent of his pecuniary interest therein.
Item 8.	Identification and Classification of Members of the Group.
	If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group. Eric Sprott controls 2176423 Ontario Ltd. and has the power to direct the voting and disposition of Common Shares held by such entity through his ownership interests in such entity. Eric Sprott disclaims beneficial ownership of the shares held by 2176423 Ontario Ltd. except to the extent of his pecuniary interest therein.
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	Not Applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Eric Sprott

Signature:	/s/ Eric Sprott
Name/Title:	Eric Sprott
Date:	05/13/2026

2176423 Ontario Ltd.

Signature:	/s/ Eric Sprott
Name/Title:	Eric Sprott/President
Date:	05/13/2026