Major SSMR holders detail indirect stock and warrant stakes in Form 3
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Sunshine Silver Mining & Refining Co (SSMR) reported initial insider holdings of its common stock and related warrants by several large indirect owners. Tigris Financial Group Ltd., Manul Capital Management LLC and GRAT Holdings LLC are each listed as ten percent owners with indirect positions through affiliated entities.
Footnotes explain that large common stock stakes are held directly by Electrum Silver US LLC and Electrum Silver US II LLC, as well as by Tigris Financial Group Ltd., Manul Capital Management LLC and GRAT Holdings LLC, with investment structures involving Electrum-branded funds and partnerships. The filing also shows multiple warrant positions over common stock with exercise prices of $5.0000 and $2.8700 per share expiring in 2027, all held indirectly through Electrum entities.
Positive
- None.
Negative
- None.
Insider Trade Summary
10 transactions reported
Mixed
10 txns
Insider
Tigris Financial Group Ltd., Manul Capital Management LLC, GRAT Holdings LLC
Role
null | null | null
| 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) — 2,739,640 shares (Indirect, By Electrum Silver US LLC);
Common Stock — 75,938,300 shares (Indirect, By Electrum Silver US LLC)
Footnotes (1)
- 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. 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. These securities are owned directly by Tigris Financial Group Ltd., which is wholly owned by Thomas S. Kaplan. These securities are owned directly by Manul Capital Management LLC. Thomas S. Kaplan serves as managing member of Manul Capital Management LLC. These securities are owned directly by GRAT Holdings LLC. Thomas S. Kaplan serves as managing member of GRAT Holdings LLC.
Key Figures
Indirect common stock holding: 75,938,300 shares
Indirect common stock holding: 7,365,270 shares
Tigris Financial Group holding: 1,266,260 shares
+5 more
8 metrics
Indirect common stock holding
75,938,300 shares
Common Stock held by Electrum Silver US LLC, indirect ownership
Indirect common stock holding
7,365,270 shares
Common Stock held by Electrum Silver US II LLC, indirect ownership
Tigris Financial Group holding
1,266,260 shares
Common Stock owned directly by Tigris Financial Group Ltd.
Manul Capital Management holding
60,010 shares
Common Stock owned directly by Manul Capital Management LLC
GRAT Holdings position
393,230 shares
Common Stock owned directly by GRAT Holdings LLC
Warrants at $5.00
4,697,120 underlying shares
Warrant (right to buy) at $5.0000 expiring 2027-07-15, indirect
Additional warrants at $5.00
1,369,650 underlying shares
Warrant (right to buy) at $5.0000 expiring 2027-12-29, indirect
Warrants at $2.87
2,739,640 underlying shares
Warrant (right to buy) at $2.8700 expiring 2027-09-02, indirect
Key Terms
ten percent owner, Warrant (right to buy), indirect ownership, director by deputization, +1 more
5 terms
ten percent owner financial
"Tigris Financial Group Ltd., Manul Capital Management LLC and GRAT Holdings LLC are each listed as ten percent owners"
Warrant (right to buy) financial
"security_title: "Warrant (right to buy)" with underlying common stock and exercise price"
indirect ownership financial
"total_shares_following_transaction ... ownership_type: "indirect" and ownership_code: "I""
director by deputization financial
"Each of these reporting persons ... may be deemed to be a director by deputization of the Issuer"
exercise price financial
"conversion_or_exercise_price: "5.0000" and "2.8700" for warrants over common stock"
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.
FAQ
What does the Form 3 for Sunshine Silver Mining (SSMR) disclose?
The Form 3 discloses initial insider holdings of Sunshine Silver Mining common stock and warrants by several ten percent owners through indirect investment entities, establishing their starting ownership positions as required when they become reporting persons under SEC rules.
Who are the ten percent owners reported for Sunshine Silver Mining (SSMR)?
The reported ten percent owners are Tigris Financial Group Ltd., Manul Capital Management LLC, and GRAT Holdings LLC. Each is identified as a large shareholder with indirect ownership of Sunshine Silver Mining common stock through related entities described in the footnotes.
What warrant positions are reported in the Sunshine Silver Mining (SSMR) Form 3?
The Form 3 lists several warrant positions over Sunshine Silver Mining common stock, including warrants with a $5.0000 exercise price and one series at $2.8700, all expiring in 2027, held indirectly through Electrum Silver US LLC and Electrum Silver US II LLC.
Does the Sunshine Silver Mining (SSMR) Form 3 show any recent insider buying or selling?
The Form 3 presents holdings as of a single date without buy or sell transaction codes. Entries are labeled as indirect ownership positions, and the transaction summary shows no buys, sells, exercises, gifts, or restructurings, only holding entries with unknown transaction codes.