Mawer reports 5.88% ownership stake in Sprott Inc. (SII)

Rhea-AI Filing Summary

Mawer Investment Management Ltd. filed a Schedule 13G reporting a passive ownership stake in Sprott Inc. common shares. Mawer beneficially owns 1,515,002 common shares, representing 5.88% of the class.

The percentage is based on 25,786,258 Sprott common shares outstanding as of September 30, 2025, as reported in the company’s prior filing. Mawer certifies the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Sprott.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

SPROTT INC.

(Name of Issuer)

Common Shares

(Title of Class of Securities)

852066208

(CUSIP Number)

12/31/2025

(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)

SCHEDULE 13G

CUSIP No. 852066208

1

Names of Reporting Persons

Mawer Investment Management 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

ALBERTA, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,299,340.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,515,002.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,515,002.00

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)

5.88 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: Based upon 25,786,258 Common Shares of Sprott Inc. (the "Issuer") outstanding as of September 30, 2025 as reported in the Issuer's 6-K (Management's Discussion & Analysis and Interim Condensed Financial Statements) filed with the Securities and Exchange Commission on November 5, 2025.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: SPROTT INC.
(b)	Address of issuer's principal executive offices: Suite 2600, 200 Bay Street, Royal Bank Plaza, South Tower, Toronto, Ontario, Canada, M5J 2J1
Item 2.
(a)	Name of person filing: Mawer Investment Management Ltd.
(b)	Address or principal business office or, if none, residence: 600, 517 - 10th Avenue SW Calgary, Alberta, Canada T2R 0A8
(c)	Citizenship: Canada
(d)	Title of class of securities: Common Shares
(e)	CUSIP No.: 852066208
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: 1,515,002
(b)	Percent of class: 5.88%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,229,340
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1,515,002
	(iv) Shared power to dispose or to direct the disposition of: 0
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.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

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.

Mawer Investment Management Ltd.

Signature:	/s/ Samir Taghiyev, Portfolio Manager
Name/Title:	Mawer Investment Management Ltd.
Date:	01/23/2026

FAQ

What percentage of Sprott Inc. (SII) does Mawer Investment Management own?

Mawer Investment Management Ltd. beneficially owns 5.88% of Sprott Inc.’s common shares. This represents 1,515,002 common shares, based on 25,786,258 Sprott common shares outstanding as of September 30, 2025, as disclosed in the company’s earlier regulatory filing.

How many Sprott Inc. (SII) shares does Mawer Investment Management report holding?

Mawer Investment Management reports beneficial ownership of 1,515,002 Sprott Inc. common shares. This stake is calculated against 25,786,258 common shares outstanding as of September 30, 2025, and results in a reported ownership of 5.88% of Sprott’s outstanding common equity.

Is Mawer Investment Management’s stake in Sprott Inc. (SII) a control-seeking position?

The filing states the Sprott shares were acquired and are held in the ordinary course of business, not to influence control. Mawer also certifies the position is not held in connection with any transaction intended to change or influence control of Sprott Inc.

What type of filing did Mawer submit for its Sprott Inc. (SII) position?

Mawer Investment Management filed a Schedule 13G for its Sprott Inc. common share position. A Schedule 13G is used by certain investors to report owning more than 5% of a company’s shares when the holding is considered passive rather than for control.

On what share count is Mawer’s 5.88% Sprott Inc. (SII) ownership based?

The 5.88% ownership is based on 25,786,258 Sprott Inc. common shares outstanding. That outstanding share figure is drawn from Sprott’s Management’s Discussion & Analysis and interim condensed financial statements as of September 30, 2025, referenced within the ownership disclosure.

Who signed the Schedule 13G reporting Mawer’s Sprott Inc. (SII) stake?

The Schedule 13G was signed by Samir Taghiyev, Portfolio Manager at Mawer Investment Management Ltd. The signature certifies, after reasonable inquiry, that the information in the statement is true, complete, and correct as of the stated date in the ownership report.