Spanish Mountain Gold Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

TSXV:SPA Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
20 Oct 25	BuyCA$25,575	Lembit Janes	Individual	170,500	CA$0.15
25 Sep 25	BuyCA$250,021	Lembit Janes	Individual	1,852,000	CA$0.14
11 Sep 25	BuyCA$2,600	Mark Ruus	Individual	20,000	CA$0.13
28 Aug 25	BuyCA$2,444	George Mah	Individual	20,000	CA$0.12
28 Aug 25	BuyCA$600,011	Lembit Janes	Individual	4,138,000	CA$0.15
27 Aug 25	BuyCA$105,009	George Mah	Individual	724,200	CA$0.14
27 Aug 25	BuyCA$100,006	Richard Orazietti	Individual	606,100	CA$0.16
27 Aug 25	BuyCA$36,250	Mark Ruus	Individual	250,000	CA$0.14
27 Aug 25	BuyCA$16,500	Mark Ruus	Individual	100,000	CA$0.16
20 Aug 25	BuyCA$1,300	George Mah	Individual	10,000	CA$0.13
01 Aug 25	BuyCA$14,650	Lembit Janes	Individual	90,000	CA$0.16
31 Jul 25	BuyCA$1,650	George Mah	Individual	10,000	CA$0.17
11 Jul 25	BuyCA$1,000	George Mah	Individual	5,000	CA$0.20
08 Jul 25	BuyCA$1,750	George Mah	Individual	10,000	CA$0.18
11 Apr 25	BuyCA$33,550	Lembit Janes	Individual	305,000	CA$0.11
09 Apr 25	BuyCA$10,450	Lembit Janes	Individual	95,000	CA$0.11
01 Apr 25	BuyCA$136,499	Lembit Janes	Individual	1,050,000	CA$0.13
19 Mar 25	BuyCA$59,220	Lembit Janes	Individual	423,000	CA$0.14
15 Jan 25	BuyCA$74,430	Lembit Janes	Individual	827,000	CA$0.09
08 Jan 25	BuyCA$60,000	Lembit Janes	Individual	600,000	CA$0.10
06 Jan 25	BuyCA$69,877	Lembit Janes	Individual	665,500	CA$0.10
31 Dec 24	BuyCA$33,301	Lembit Janes	Individual	333,500	CA$0.10
31 Dec 24	SellCA$37,800	Lembit Janes	Individual	390,000	CA$0.098
23 Dec 24	BuyCA$40,000	Lembit Janes	Individual	400,000	CA$0.10
06 Dec 24	BuyCA$90,745	Lembit Janes	Individual	897,000	CA$0.10
03 Dec 24	BuyCA$115,225	Lembit Janes	Individual	1,047,500	CA$0.11
02 Dec 24	BuyCA$7,480	Lembit Janes	Individual	68,000	CA$0.11
20 Nov 24	BuyCA$30,877	Lembit Janes	Individual	268,500	CA$0.11
19 Nov 24	BuyCA$19,148	Lembit Janes	Individual	166,500	CA$0.12
18 Nov 24	BuyCA$160,442	Lembit Janes	Individual	1,355,500	CA$0.12
15 Nov 24	BuyCA$500,042	Lembit Janes	Individual	3,704,000	CA$0.14
15 Nov 24	BuyCA$41,888	Mark Ruus	Individual	300,952	CA$0.16
15 Nov 24	BuyCA$20,310	George Mah	Individual	150,444	CA$0.14

Insider Trading Volume

Insider Buying: SPA insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of SPA?
Owner Type	Number of Shares	Ownership Percentage
Institutions	13,166,667	2.69%
Individual Insiders	135,786,081	27.7%
General Public	341,261,448	69.6%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 25.5%.

Top Shareholders

Top 12 shareholders own 30.39% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
16.6%	Lembit Janes	81,638,953	CA$10.2m	8.29%	no data
9.91%	Eric Sprott	48,571,427	CA$6.1m	0%	no data
1.43%	Ninepoint Partners LP	7,000,000	CA$875.0k	250%	0.05%
0.82%	Middlefield Capital Corporation	4,000,000	CA$500.0k	-53.2%	0.02%
0.56%	Christopher Lattanzi	2,733,334	CA$341.7k	0%	no data
0.42%	Palette Investment Management Inc.	2,083,333	CA$260.4k	0%	0.24%
0.25%	George Mah	1,230,219	CA$153.8k	173%	no data
0.15%	Mark Ruus	745,952	CA$93.2k	113%	no data
0.15%	Richard Orazietti	725,148	CA$90.6k	509%	no data
0.024%	Brent G. Bergeron	119,048	CA$14.9k	0%	no data
0.017%	Qwest Investment Fund Management Ltd.	83,334	CA$10.4k	-85.7%	0.01%
0.0045%	Julian Manco	22,000	CA$2.8k	0%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/11/03 09:56
End of Day Share Price	2025/11/03 00:00
Earnings	2025/06/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Spanish Mountain Gold Ltd. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.