Ospraie group discloses large SSMR stake and warrants in Form 3 filing
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Sunshine Silver Mining & Refining Co reported that Ospraie-affiliated entities are ten percent owners and filed an initial statement of holdings. The group reports direct ownership of 22,699,490 shares of common stock, plus an option for 250,000 shares at an exercise price of $4.00 per share and a warrant for 2,615,060 shares at an exercise price of $2.868 per share. Footnotes explain that several Ospraie entities and Dwight Anderson may be deemed to share beneficial ownership through management, general partner, or investment-manager roles, while each disclaims beneficial ownership beyond its pecuniary interest. The warrant is exercisable until the earlier of a specified September 2, 2027 date or the closing of an initial public offering, and the options vest in three equal annual installments beginning July 15, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Ospraie Real Assets Fund LP, Ospraie Real Assets GP LLC, Ospraie Management, LLC, Ospraie Holding I, L.P., Ospraie Management, Inc., Anderson Dwight
Role
null | null | null | null | null | null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Warrant (right to buy) | -- | -- | -- |
| holding | Option (right to buy) | -- | -- | -- |
| holding | Common Stock, par value $0.001 per share | -- | -- | -- |
Holdings After Transaction:
Warrant (right to buy) — 2,615,060 shares (Direct, null);
Option (right to buy) — 250,000 shares (Direct, null);
Common Stock, par value $0.001 per share — 22,699,490 shares (Direct, null)
Footnotes (1)
- Ospraie Management, LLC ("OM LLC") is the investment manager of Ospraie Real Assets Fund LP ("ORA Fund") and has been delegated voting and investment power and thus beneficial ownership of the securities of Sunshine Silver Mining & Refining Company (the "Issuer") held directly by ORA Fund. Ospraie Holding I, LP ("Ospraie Holding") may be deemed to beneficially own the securities of the Issuer held by ORA Fund as the managing member of OM LLC. Ospraie Management, Inc. ("OM Inc.") may be deemed to beneficially own the securities of the Issuer held by ORA Fund as the general partner of Ospraie Holding. Ospraie Real Assets GP LLC ("Ospraie GP") may be deemed to beneficially own the securities of the Issuer held by ORA Fund as the general partner of ORA Fund. Dwight Anderson may be deemed to beneficially own the securities of the Issuer held by ORA Fund as the managing member of Ospraie GP and as the sole owner of OM Inc. Each reporting person disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein, if any. The warrant held by ORA Fund is exercisable until the earlier of (i) September 2, 2027 and (ii) the closing of an initial public offering by the Issuer. The options vest and become exercisable in three equal annual installments beginning on July 15, 2026.
Key Figures
Common shares held: 22,699,490 shares
Option underlying shares: 250,000 shares
Option exercise price: $4.0000 per share
+3 more
6 metrics
Common shares held
22,699,490 shares
Directly held common stock after reported holdings
Option underlying shares
250,000 shares
Common stock underlying option position
Option exercise price
$4.0000 per share
Exercise price for option expiring July 15, 2035
Warrant underlying shares
2,615,060 shares
Common stock underlying warrant position
Warrant exercise price
$2.8680 per share
Exercise price for warrant exercisable until earlier of Sept 2, 2027 or IPO closing
Reporting persons
6 entities/individuals
All designated as ten percent owners
Key Terms
beneficial ownership, pecuniary interest, Option (right to buy, Warrant (right to buy, +1 more
5 terms
beneficial ownership financial
"may be deemed to beneficially own the securities of the Issuer held by ORA Fund"
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.
pecuniary interest financial
"disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein"
Option (right to buy financial
"security_title": "Option (right to buy)"
Warrant (right to buy financial
"security_title": "Warrant (right to buy)"
ten percent owner regulatory
"each reporting person is listed with "is_ten_percent_owner": 1"
FAQ
What does the Ospraie filing on Form 3 reveal about Sunshine Silver Mining (SSMR)?
The Form 3 shows Ospraie-affiliated entities as ten percent owners of Sunshine Silver Mining, holding 22,699,490 common shares, a 250,000-share option, and a 2,615,060-share warrant. It establishes their initial beneficial ownership position as the company’s securities become registered.
When do the option and warrant reported by Ospraie in SSMR become exercisable or expire?
The options vest and become exercisable in three equal annual installments starting July 15, 2026. The warrant is exercisable until the earlier of September 2, 2027, or the closing of an initial public offering by Sunshine Silver Mining, according to the footnotes.