Electrum entities disclose SSMR insider holdings
Sunshine Silver Mining & Refining Co insiders are reporting their existing ownership rather than new trades.
Rhea-AI Filing Summary
Sunshine Silver Mining & Refining Co insiders are reporting their existing ownership rather than new trades. Entities affiliated with the Electrum group and Thomas S. Kaplan disclose indirect holdings of Common Stock, including 75,938,300 shares held by Electrum Silver US LLC and 7,365,270 shares held by Electrum Silver US II LLC.
They also report several warrant positions over Common Stock, with exercise prices of $5.00 and $2.87 per share and expirations in 2027. These holdings are owned through LLCs and funds for which Electrum entities act as managers, general partners, or investment advisors.
Positive
- None.
Negative
- None.
Insider Trade Summary
10 transactions reported
Mixed
10 txns
Insider
KAPLAN THOMAS SCOTT, Electrum Silver US LLC, Electrum Strategic Management LLC, ELECTRUM GLOBAL HOLDINGS L.P., TEG Global GP Ltd., Electrum Group LLC, Electrum Silver US II LLC, Electrum Strategic Opportunities Fund II L.P., Electrum Strategic Opportunities Fund II GP L.P., ESOF II GP Ltd.
Role
Director, 10% Owner | Director, 10% Owner | Director, 10% Owner | Director, 10% Owner | Director, 10% Owner | Director, 10% Owner | Director, 10% Owner | Director, 10% Owner | Director, 10% Owner | Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Warrant (right to buy) | -- | -- | -- |
| holding | Warrant (right to buy) | -- | -- | -- |
| holding | Warrant (right to buy) | -- | -- | -- |
| holding | Warrant (right to buy) | -- | -- | -- |
| holding | Warrant (right to buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Warrant (right to buy) — 10,681,410 contracts (Indirect, By Electrum Silver US LLC);
Warrant (right to buy) — 927,890 contracts (Indirect, By Electrum Silver US II LLC);
Common Stock — 75,938,300 shares (Indirect, By Electrum Silver US LLC);
Common Stock — 7,365,270 shares (Indirect, By Electrum Silver US II LLC);
Common Stock — 1,266,260 shares (Indirect, By Tigris Financial Group Ltd.);
Common Stock — 60,010 shares (Indirect, By Manul Capital Management LLC);
Common Stock — 393,230 shares (Indirect, By GRAT Holdings LLC)
Footnotes (5)
- F1. These securities are owned directly by Electrum Silver US LLC ("ESUS"). Electrum Strategic Management LLC ("ESM") is the manager of ESUS. ESM is wholly owned by Electrum Global Holdings L.P. ("Global Holdco"), and TEG Global GP Ltd. ("TEG Global") is the general partner of Global Holdco. The Electrum Group LLC ("TEG") acts as an investment advisor to Global Holdco. Thomas S. Kaplan, Chairman of the Issuer's Board of Directors, is also Chairman, Chief Executive Officer and Chief Investment Officer of TEG. Each of these reporting persons (other than Mr. Kaplan who is a director of the Issuer) may be deemed to be a director by deputization of the Issuer.
- F2. These securities are owned directly by Electrum Silver US II LLC ("ESUS II"). Electrum Strategic Opportunities Fund II L.P. ("ESOF II") owns 99% of ESUS II, and ESM is the manager of ESUS II. ESM is wholly owned by Global Holdco, and TEG Global is the general partner of Global Holdco. The general partner of ESOF II is Electrum Strategic Opportunities Fund II GP L.P. ("ESOF II GP L.P."), and the general partner of ESOF II GP L.P. is ESOF II GP Ltd. ("ESOF II GP"). ESOF II GP is wholly owned by Global Holdco. TEG acts as an investment advisor to ESOF II. Thomas S. Kaplan, Chairman of the Issuer's Board of Directors, is also Chairman, Chief Executive Officer and Chief Investment Officer of TEG. Each of these reporting persons (other than Mr. Kaplan who is a director of the Issuer) may be deemed to be a director by deputization of the Issuer.
- F3. These securities are owned directly by Tigris Financial Group Ltd., which is wholly owned by Thomas S. Kaplan.
- F4. These securities are owned directly by Manul Capital Management LLC. Thomas S. Kaplan serves as managing member of Manul Capital Management LLC.
- F5. These securities are owned directly by GRAT Holdings LLC. Thomas S. Kaplan serves as managing member of GRAT Holdings LLC.
Key Figures
Electrum Silver US LLC common shares: 75,938,300 shares
Electrum Silver US II LLC common shares: 7,365,270 shares
Tigris Financial Group Ltd. common shares: 1,266,260 shares
+4 more
7 metrics
Electrum Silver US LLC common shares
75,938,300 shares
Indirect Common Stock holding as of 2026-06-03
Electrum Silver US II LLC common shares
7,365,270 shares
Indirect Common Stock holding as of 2026-06-03
Tigris Financial Group Ltd. common shares
1,266,260 shares
Indirect Common Stock holding as of 2026-06-03
GRAT Holdings LLC common shares
393,230 shares
Indirect Common Stock holding as of 2026-06-03
Electrum US II warrant position
927,890 underlying shares at $5.00
Warrant over Common Stock expiring 2027-07-15
Electrum US LLC warrant position
4,697,120 underlying shares at $5.00
Warrant over Common Stock expiring 2027-07-15
Electrum US LLC lower-price warrant
2,739,640 underlying shares at $2.87
Warrant over Common Stock expiring 2027-09-02
Key Terms
Warrant (right to buy), indirect, exercise price, investment advisor, +1 more
5 terms
Warrant (right to buy) financial
"security_title: "Warrant (right to buy)""
indirect financial
"ownership_type: "indirect" and ownership_code: "I""
exercise price financial
"conversion_or_exercise_price: "5.0000" and "2.8700""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
investment advisor financial
"The Electrum Group LLC ("TEG") acts as an investment advisor to Global Holdco."
An investment advisor is a person or firm that provides personalized guidance on buying, selling and managing investments and often oversees client portfolios for a fee. For investors this matters because the advisor shapes risk, costs and long-term returns, and is typically required by law to act in the client’s best interests — think of them as a financial coach or GPS that helps navigate choices and avoid costly detours.
director by deputization regulatory
"may be deemed to be a director by deputization of the Issuer."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider holdings in SSMR are disclosed by Electrum Silver US LLC?
Electrum Silver US LLC reports indirect ownership of 75,938,300 shares of Sunshine Silver Mining & Refining Co Common Stock. These shares are part of a broader group structure where Electrum entities manage or advise investment vehicles connected to the issuer.
What warrant positions over SSMR stock do Electrum entities report?
Electrum-related entities disclose multiple warrants over SSMR Common Stock, including positions for 4,697,120 and 2,739,640 underlying shares. Exercise prices are $5.00 and $2.87 per share, with expirations between September 2027 and December 2027.
How is Thomas S. Kaplan connected to the SSMR insider holdings?
Thomas S. Kaplan is Chairman of Sunshine Silver Mining’s Board and leads several Electrum entities. He is also managing member of Tigris Financial Group Ltd., Manul Capital Management LLC, and GRAT Holdings LLC, which directly hold certain reported SSMR securities.
What indirect ownership structures are used for these SSMR holdings?
The holdings use LLCs, limited partnerships, and advisory entities. Electrum Strategic Management LLC, Electrum Global Holdings L.P., TEG Global GP Ltd., and The Electrum Group LLC play roles as managers, general partners, or investment advisors to the entities owning SSMR securities.
Do the reported SSMR insider positions indicate recent buying or selling?
The disclosure lists holdings rather than transactions, with no buy or sell codes and all entries marked as holdings. This suggests the document is an initial statement of beneficial ownership, not a record of recent market trades in SSMR shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
