Eric Sprott Discloses 16.5M Share Stake in Athena Gold Corp

TL;DR

**Sprott just bought 16.5M shares of Athena Gold, big bullish signal!**

AI Summary

Eric Sprott, a prominent Canadian investor, has reported beneficial ownership of 16,546,669 shares of Athena Gold Corporation's common stock as of December 29, 2023. This represents a significant stake, giving him sole voting and dispositive power over these shares. This matters to investors because a well-known investor like Sprott taking such a large position could signal confidence in Athena Gold's future prospects, potentially attracting more investor interest and influencing the stock price.

Why It Matters

A major investor like Eric Sprott acquiring a substantial stake can be seen as a vote of confidence, potentially boosting investor sentiment and the stock's perceived value.

Risk Assessment

Risk Level: medium — While a large investor's stake can be positive, it also means a single entity holds significant influence, which could lead to volatility if their position changes.

Analyst Insight

A smart investor would research Eric Sprott's investment history and consider why he took such a large position in Athena Gold, potentially viewing it as a positive signal for the company's future.

Key Numbers

• 16,546,669 — Shares Beneficially Owned (Represents Eric Sprott's total stake in Athena Gold Corp.)

Key Players & Entities

• Eric Sprott (person) — Reporting Person, Canadian investor
• Athena Gold Corporation (company) — Subject Company, Gold & Silver Ores [1040]
• 16,546,669 (dollar_amount) — Number of shares beneficially owned by Eric Sprott
• December 29, 2023 (date) — Date of event requiring the filing

Forward-Looking Statements

• Athena Gold Corporation's stock price may see increased investor interest due to Eric Sprott's significant stake. (Athena Gold Corporation) — medium confidence, target: Q1 2024

FAQ

Key Financial Figures

• $0.0001 — 6,669 shares of common stock, par value $0.0001 per share (the “ Common Stock &rd

Filing Documents

• ea191239-13gsprott_athena.htm (SC 13G) — 59KB
• 0001213900-24-001694.txt ( ) — 61KB

Ownership

Item 4. Ownership Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 16,546,669 shares of Common Stock (b) Percent of class: 9.9% 4 (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 16,546,669 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 16,546,669 (iv) Shared power to dispose or to direct the disposition of: 0

Ownership of Five Percent or Less of a Class

Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following:

Ownership of More than Five Percent on Behalf of Another Person

Item 6. Ownership of More than Five Percent on Behalf of Another Person. N/A

Identification and Classification of the Subsidiary Which Acquired

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person. Eric Sprott controls 2176423 Ontario Ltd. and has the power to direct the voting and disposition of the shares of Common Stock held by such entity through his ownership interests in such entity. Eric Sprott disclaims beneficial ownership of the shares held by 2176423 Ontario Ltd. except to the extent of his pecuniary interest therein.

Identification and Classification of Members of the Group

Item 8. Identification and Classification of Members of the Group Eric Sprott controls 2176423 Ontario Ltd. and has the power to direct the voting and disposition of the shares of Common Stock held by such entity through his ownership interests in such entity. Eric Sprott disclaims beneficial ownership of the shares held by 2176423 Ontario Ltd. except to the extent of his pecuniary interest therein.

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group N/A

Certification

Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory schemes applicable to 2176423 Ontario Ltd. are substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D. 4 The percentage set forth in Item 4(b) is based on 167,138,089 shares of Common Stock outstanding, as reported by the Issuer. 5 of 6

SIGNATURES

SIGNATURES After reasonable inquiry and the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: January 8, 2024 Signature: /s/ Eric Sprott Name: Eric Sprott 6 of 6

View Full Filing

View this SC 13G filing on SEC EDGAR