Elliott stake in Triple Flag Precious (TFPM) disclosed at 64.7%

Rhea-AI Filing Summary

Elliott Investment Management L.P. filed Amendment No. 3 to its Schedule 13D on Triple Flag Precious Metals Corp. common shares. The firm reports beneficial ownership of 133,241,535 common shares, representing 64.7% of the class, based on 205,994,812 shares outstanding as of May 26, 2026.

The aggregate purchase price for the reported shares is approximately $1,015,457,955, with positions that may be held in margin accounts and pledged as collateral. The amendment also notes settlement of a prior March 2026 Confirmation, under which TFM Aggregator sold and delivered 6,680 shares to GSI at $35.91 per share.

Key Figures

Beneficial ownership: 133,241,535 shares Ownership percentage: 64.7% Shares outstanding baseline: 205,994,812 shares +2 more

5 metrics

Beneficial ownership 133,241,535 shares Common shares beneficially owned by Elliott

Ownership percentage 64.7% Percent of Triple Flag common shares

Shares outstanding baseline 205,994,812 shares Common shares outstanding as of May 26, 2026

Aggregate purchase price $1,015,457,955 Total consideration for reported common shares

Settlement share sale 6,680 shares at $35.91/share TFM Aggregator sale to GSI on June 30, 2026

Key Terms

beneficially owned, margin accounts, Confirmation, Registration Statement on Form F-10, +1 more

5 terms

beneficially owned financial

"aggregate number of Common Shares and percentage of the Common Shares beneficially owned by the Reporting Person"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

margin accounts financial

"may effect purchases of the Common Shares through margin accounts maintained for the Elliott Funds with prime brokers"

A margin account is a brokerage account that lets an investor borrow money from the broker to buy more securities than they could with cash alone, using the securities in the account as security for the loan. Think of it like a mortgage for stock purchases: borrowing increases potential gains but also magnifies losses, can trigger a forced sale if the account falls below required limits, and carries interest costs—factors investors must manage carefully.

Confirmation financial

"the March 2026 Confirmation previously disclosed in Amendment No. 2 settled in accordance with its terms"

Registration Statement on Form F-10 regulatory

"as disclosed in the Registration Statement on Form F-10 filed by the Issuer with the SEC on May 27, 2026"

A registration statement on Form F-10 is a standardized filing used to register and offer securities to investors in Canada, combining the required prospectus disclosure with ongoing public reporting information from eligible issuers. It matters to investors because it provides a single, organized source of verified financial and business details they need to judge the risks and value of an offering—similar to a product label that lists ingredients and warnings before purchase—and signals the company can legally sell shares in that market.

Schedule 13D regulatory

"constitutes Amendment No. 3 ("Amendment No. 3") to the filed with the Securities and Exchange Commission"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

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Available on EDGAR 06/30/2026 - 07:01 PM Accepted by SEC EDGAR 06/30/2026 - 07:00 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 3)

Triple Flag Precious Metals Corp.

(Name of Issuer)

Common Shares, no par value

(Title of Class of Securities)

89679M104

(CUSIP Number)

Legal Department
Elliott Investment Management L.P., 360 S. Rosemary Ave, 18th Floor
West Palm Beach, FL, 33401
212-974-6000

Adriana Schwartz
Seward & Kissel LLP, One Battery Park Plaza
New York, NY, 10004
212-574-1200

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

06/30/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 89679M104

1

Name of reporting person

Elliott Investment Management L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 133,241,535.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 133,241,535.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

133,241,535.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

64.7 %

14

Type of Reporting Person (See Instructions)

IA, PN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Shares, no par value
(b)	Name of Issuer: Triple Flag Precious Metals Corp.
(c)	Address of Issuer's Principal Executive Offices: TD CANADA TRUST TOWER, TD CANADA TRUST TOWER, TORONTO, ONTARIO, CANADA , M5J 2S1.
Item 1 Comment: The following constitutes Amendment No. 3 ("Amendment No. 3") to the Schedule 13D filed with the Securities and Exchange Commission (the "SEC") on March 21, 2023, as amended by Amendment No. 1 to the Schedule 13D filed with the SEC on December 31, 2025, and Amendment No. 2 ("Amendment No. 2") to the Schedule 13D filed with the SEC on March 31, 2026 (as amended, the "Schedule 13D"). This Amendment No. 3 amends and restates Items 3 and 5(a)-(c) and supplements Items 4 and 6 as set forth below. Capitalized terms used herein and not otherwise defined in this Amendment No. 3 have the meanings set forth in the Schedule 13D.
Item 3.	Source and Amount of Funds or Other Consideration
	The aggregate purchase price of the Common Shares reported herein is approximately $1,015,457,955. The Reporting Person may effect purchases of the Common Shares through margin accounts maintained for the Elliott Funds with prime brokers, which extend margin credit as and when required to open or carry positions in their margin accounts, subject to applicable federal margin regulations, stock exchange rules and such firms' credit policies. Positions in the Common Shares may be held in margin accounts and may be pledged as collateral security for the repayment of debit balances in such accounts. Since other securities may be held in such margin accounts, it may not be possible to determine the amounts, if any, of margin used to purchase the Common Shares.
Item 4.	Purpose of Transaction
	The information set forth in Item 6 of the Schedule 13D, including, without limitation, information as to the rights and obligations of the Reporting Person pursuant to the terms of the agreements, instruments and other matters described therein, is hereby incorporated by reference.
Item 5.	Interest in Securities of the Issuer
(a)	See rows (11) and (13) of the cover page to this Amendment No. 3 for the aggregate number of Common Shares and percentage of the Common Shares beneficially owned by the Reporting Person. The aggregate percentage of Common Shares reported beneficially owned by the Reporting Person is based upon 205,994,812 Common Shares outstanding as of May 26, 2026, as disclosed in the Registration Statement on Form F-10 filed by the Issuer with the SEC on May 27, 2026.
(b)	See rows (7) through (10) of the cover page to this Schedule 13D for the number of Common Shares as to which the Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition.
(c)	Except as described in Item 6, the Reporting Person has not effected any transactions with respect to the Issuer's Common Shares during the past sixty days.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Settlement of Confirmation On June 30, 2026, the March 2026 Confirmation previously disclosed in Amendment No. 2 settled in accordance with its terms and TFM Aggregator sold and delivered to GSI 6,680 Common Shares constituting the Applicable Number of Shares under the March 2026 Confirmation, at a price of $35.91 per share.

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.

Elliott Investment Management L.P.

Signature:	/s/ Elliot Greenberg
Name/Title:	Elliot Greenberg, Vice President
Date:	06/30/2026

FAQ

What ownership stake does Elliott report in Triple Flag Precious Metals (TFPM)?

Elliott reports beneficial ownership of 133,241,535 common shares of Triple Flag Precious Metals, representing 64.7% of the outstanding class based on 205,994,812 shares reported outstanding as of May 26, 2026.

How much has Elliott paid in total for its TFPM common shares?

The filing states Elliott’s aggregate purchase price for Triple Flag Precious Metals common shares is approximately $1,015,457,955. This figure reflects the total consideration paid to acquire the reported beneficial ownership position over time.

Did Elliott report any recent TFPM share transactions in this amendment?

Yes. On June 30, 2026, TFM Aggregator, associated with Elliott, sold and delivered 6,680 common shares to GSI under a March 2026 Confirmation at a price of $35.91 per share upon settlement.

How is the 64.7% ownership percentage in TFPM calculated for Elliott?

The 64.7% beneficial ownership is calculated using 205,994,812 common shares outstanding as of May 26, 2026, as disclosed in Triple Flag’s Registration Statement on Form F-10 filed with the SEC on May 27, 2026.

Does Elliott use margin accounts for its Triple Flag Precious Metals (TFPM) position?

The amendment explains that Elliott may hold Triple Flag Precious Metals shares in margin accounts with prime brokers, where positions can be used as collateral and margin credit may be extended to open or carry these positions, subject to applicable regulations and credit policies.