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Sovereign Metals Limited advised that Sprott Inc. ceased to be a substantial holder as of 12 March 2026, as notified via an ASX Form 605 filing on 26 March 2026. Sprott's holding decreased from 36,482,348 ordinary shares (5.639%) to 31,836,714 ordinary shares (4.921%) following on-market trades between 14 October 2025 and 12 March 2026.
| Date | 26 Mar 2026 |
| Time | 07:00:10 |
| Category | Holding(s) in company |
| ID | 2428Y |
NEWS RELEASE I 26 MARCH 2026
Ceasing to be a Substantial Holder
Sovereign Metals Limited (ASX:SVM; AIM:SVML; OTCQX: SVMLF) (Sovereign or the Company) advises that it was notified today, via the filing of a Form 605 with the Australian Securities Exchange (ASX), that Sprott Inc. and each of its controlled bodies (Sprott) have ceased to be a substantial holder (as defined by the Corporations Act 2001) of the Company as of 12 March 2026.
Sprott's holding in the Company has decreased from 36,482,348 ordinary shares, representing 5.639% of the Company's issued share capital, to 31,836,714 ordinary shares, representing 4.921% of the Company's issued share capital, following on market trades undertaken between 14 October 2025 and 12 March 2026.
The Form 605 can be viewed in full via the link below:
https://api.investi.com.au/api/announcements/svm/8e8bdaeb-175.pdf
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