| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | NG | Warrants (right to buy) | Other | +6.38M | 6.38M | Apr 22, 2025 | Common Shares | 6.38M | $3.00 | Direct | F1, F2, F3 |
| Id | Content |
|---|---|
| F1 | The warrants were acquired by Electrum Strategic Resources L.P. ("Electrum Strategic") as consideration for entering into the Backstop Agreement, dated April 22, 2025, with the Issuer and the Investors named therein, pursuant to which agreement Electrum Strategic committed to purchase up to $42.5 million of the Issuer's common shares at $3 per share to fund a portion of an acquisition by the Issuer if the Issuer does not obtain alternative financing for such acquisition. |
| F2 | Electrum Global Holdings LP. ("Global Holdings") is the owner of all of the limited partnership interests of Electrum Strategic. TEG Global GP Ltd. ("Global GP") is the sole general partner of, and The Electrum Group LLC ("TEG Services") is the investment adviser to, Global Holdings. TEG Services possesses voting and investment discretion with respect to assets of Global Holdings. Leopard Holdings LLC ("Leopard") controls Global Holdings through Global GP, and GRAT Holdings LLC is the owner and managing member of Leopard. |
| F3 | For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, each reporting person disclaims beneficial ownership of these securities, except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that such reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose. |