Silver47 investor Sprott's holdings up to 11.5%

Executive Summary

• Eric Sprott, through 2176423 Ontario Ltd., acquired 10,383,434 Silver47 common shares and 1,525,000 Silver47 warrants following the closing of a statutory plan of arrangement that merged Summa Silver into Silver47.
• The transaction results in Mr. Sprott now holding approximately 11.5% (non‑diluted) of Silver47’s outstanding common shares, exceeding the 10% threshold that often triggers heightened disclosure requirements.
• As a consequence, Mr. Sprott and his corporation are no longer insiders of Summa Silver, while their ownership in Silver47 has increased substantially from ~7.8% to ~11.5%.

Key Details

• Acquisition Date: August 1, 2025.
• Acquirer: 2176423 Ontario Ltd., beneficially owned by Eric Sprott.
• Securities Acquired: 10,383,434 Silver47 common shares and 1,525,000 Silver47 share purchase warrants.
• Transaction Context: Closing of a statutory plan of arrangement whereby Summa Silver Corp. was merged into Silver47 Exploration Corp.; holders of Summa Silver received 0.452 Silver47 share per Summa Silver share.
• Resulting Ownership – Silver47:
• Pre‑arrangement: ~5.5 M shares + 750,000 warrants (≈7.8% non‑diluted).
• Post‑arrangement: 15,883,424 shares + 2,275,000 warrants (≈11.5% non‑diluted; ≈12.9% partially diluted).
• Resulting Ownership – Summa Silver:
• Pre‑arrangement: 22,972,200 shares + 3,375,000 warrants (≈15.3% non‑diluted).
• Post‑arrangement: No longer holds any Summa Silver securities; ceased to be an insider of Summa Silver.
• Future Intent: Mr. Sprott indicates a long‑term view and may acquire or dispose of additional Silver47 securities based on market conditions and strategic considerations.

Notable Quotes

(No direct quotes were provided in the release.)