Sovereign Metals Announces Change in Substantial Holding
Why we think this is neutral
This RNS announcement is a director dealings update, which does not contain any financial or operational information. As a result, I cannot make a meaningful assessment of the company's performance or prospects.
Key Points
- Sprott Inc. and its controlled bodies have decreased their shareholding in Sovereign Metals from 7.71% to 6.695%
- The change in substantial holding occurred between 10 March 2025 and 13 May 2025
Summary
The mining company has announced a change in substantial shareholding, with Sprott Inc. decreasing its stake in the company.
Sovereign Metals Limited (ASX:SVM; AIM:SVML; OTCQX: SVMLF) has announced that it was notified of a change in substantial holding, with Sprott Inc. and its controlled bodies decreasing their shareholding in the company from 7.71% to 6.695% following dilution of their existing holding and on-market trades.
DIRECTOR DEALINGS