Ceasing to be a Substantial Holder

Summary by AI ^BETAClose X

Sprott Inc. has ceased to be a substantial holder in Sovereign Metals Limited, reducing its ordinary shareholding from 36,482,348 shares, representing 5.639%, to 31,836,714 shares, representing 4.921%, following on-market trades between October 14, 2025, and March 12, 2026.

Disclaimer*

Sovereign Metals Limited

26 March 2026

A blue and red text Description automatically generated

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

Enquiries

Frank Eagar, Managing Director & CEO

South Africa / Malawi

+27 21 140 3190

Sapan Ghai, CCO

London

+44 207 478 3900

Nominated Adviser on AIM and Joint Broker
SP Angel Corporate Finance LLP	+44 20 3470 0470
Ewan Leggat Charlie Bouverat

Joint Broker
Stifel	+44 20 7710 7600
Varun Talwar
Ashton Clanfield

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