Spanish Mountain Gold Ownership

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

Recent Insider Transactions

OTCPK:SPAU.F Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
20 Nov 25	BuyUS$36,942	Lembit Janes	Individual	400,000	US$0.092
18 Nov 25	BuyUS$40,290	Lembit Janes	Individual	435,500	US$0.093
20 Oct 25	BuyUS$18,230	Lembit Janes	Individual	170,500	US$0.11
25 Sep 25	BuyUS$179,503	Lembit Janes	Individual	1,852,000	US$0.097
11 Sep 25	BuyUS$1,879	Mark Ruus	Individual	20,000	US$0.094
28 Aug 25	BuyUS$1,776	George Mah	Individual	20,000	US$0.09
28 Aug 25	BuyUS$436,000	Lembit Janes	Individual	4,138,000	US$0.11
27 Aug 25	BuyUS$75,951	George Mah	Individual	724,200	US$0.10
27 Aug 25	BuyUS$26,219	Mark Ruus	Individual	250,000	US$0.10
27 Aug 25	BuyUS$11,934	Mark Ruus	Individual	100,000	US$0.12
27 Aug 25	BuyUS$72,333	Richard Orazietti	Individual	606,100	US$0.12
20 Aug 25	BuyUS$938	George Mah	Individual	10,000	US$0.094
01 Aug 25	BuyUS$10,616	Lembit Janes	Individual	90,000	US$0.12
31 Jul 25	BuyUS$1,192	George Mah	Individual	10,000	US$0.12
11 Jul 25	BuyUS$731	George Mah	Individual	5,000	US$0.15
08 Jul 25	BuyUS$1,279	George Mah	Individual	10,000	US$0.13
11 Apr 25	BuyUS$24,108	Lembit Janes	Individual	305,000	US$0.079
09 Apr 25	BuyUS$7,372	Lembit Janes	Individual	95,000	US$0.078
01 Apr 25	BuyUS$95,377	Lembit Janes	Individual	1,050,000	US$0.091
19 Mar 25	BuyUS$41,333	Lembit Janes	Individual	423,000	US$0.098

Insider Trading Volume

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

Ownership Breakdown

What is the ownership structure of SPAU.F?
Owner Type	Number of Shares	Ownership Percentage
Institutions	11,166,667	2.21%
Individual Insiders	140,925,581	27.9%
General Public	352,361,414	69.9%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 13 shareholders own 30.15% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
17.1%	Lembit Janes	86,478,453	US$14.0m	6.15%	no data
9.63%	Eric Sprott	48,571,427	US$7.9m	0%	no data
0.99%	Ninepoint Partners LP	5,000,000	US$811.2k	0%	0.06%
0.79%	Middlefield Capital Corporation	4,000,000	US$649.0k	0%	0.04%
0.54%	Christopher Lattanzi	2,733,334	US$443.5k	0%	no data
0.41%	Palette Investment Management Inc.	2,083,333	US$338.0k	0%	0.39%
0.24%	George Mah	1,230,219	US$199.6k	173%	no data
0.15%	Mark Ruus	745,952	US$121.0k	113%	no data
0.14%	Richard Orazietti	725,148	US$117.7k	509%	no data
0.059%	Garnet Dawson	300,000	US$48.7k	0%	no data
0.024%	Brent G. Bergeron	119,048	US$19.3k	0%	no data
0.017%	Qwest Investment Fund Management Ltd.	83,334	US$13.5k	0%	0.03%
0.0044%	Julian Manco	22,000	US$3.6k	0%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/01/20 07:25
End of Day Share Price	2026/01/16 00:00
Earnings	2025/09/30
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.