{"transactions":[{"id":746606,"issuer":{"id":4369,"kind":"organization","name":"Sunshine Silver Mining & Refining Co"},"owners":[{"id":40597,"kind":"organization","name":"Tigris Financial Group Ltd.","position":1,"cik":"0001831834","reported_name":"Tigris Financial Group Ltd.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":40598,"kind":"organization","name":"Manul Capital Management LLC","position":2,"cik":"0001830978","reported_name":"Manul Capital Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":40599,"kind":"organization","name":"GRAT Holdings LLC","position":3,"cik":"0001565707","reported_name":"GRAT Holdings LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Warrant (right to buy)","published_at":"2026-06-08T22:05:04.000Z","date":"2026-06-05","kind":"exercise","planned":false,"acquired":false,"shares":2739640,"price":0,"value":0.0,"ownership":{"direct":false,"nature":"By Electrum Silver US LLC"},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F2","text":"This transaction relates to the net exercise of warrants to purchase 2,739,640 shares of the Issuer's common stock immediately prior to the completion of the initial public offering of the Issuer's common stock, in accordance with the terms of the warrants."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"These securities are owned directly by Electrum Silver US LLC (\"ESUS\"). Electrum Strategic Management LLC (\"ESM\") is the manager of ESUS. ESM is wholly owned by Electrum Global Holdings L.P. (\"Global Holdco\"), and TEG Global GP Ltd. (\"TEG Global\") is the general partner of Global Holdco. The Electrum Group LLC (\"TEG\") acts as an investment advisor to Global Holdco. Thomas S. Kaplan, Chairman of the Issuer's Board of Directors, is also Chairman, Chief Executive Officer and Chief Investment Officer of TEG. Each of these reporting persons (other than Mr. Kaplan who is a director of the Issuer) may be deemed to be a director by deputization of the Issuer."}],"balance_after":0,"derivative":{"exercise_price":2.87,"exercise_date":"2022-09-02","expiration_date":"2027-09-02","underlying":"Common Stock","underlying_shares":2739640},"source":{"system":"sec-edgar","filing":"0001193125-26-262217","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":8,"url":"https://www.sec.gov/Archives/edgar/data/2091017/000119312526262217/ownership.xml","form_type":"4"}},{"id":746605,"issuer":{"id":4369,"kind":"organization","name":"Sunshine Silver Mining & Refining Co"},"owners":[{"id":40597,"kind":"organization","name":"Tigris Financial Group Ltd.","position":1,"cik":"0001831834","reported_name":"Tigris Financial Group Ltd.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":40598,"kind":"organization","name":"Manul Capital Management LLC","position":2,"cik":"0001830978","reported_name":"Manul Capital Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":40599,"kind":"organization","name":"GRAT Holdings LLC","position":3,"cik":"0001565707","reported_name":"GRAT Holdings LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock","published_at":"2026-06-08T22:05:04.000Z","date":"2026-06-05","kind":"tax_withholding","planned":false,"acquired":false,"shares":582022,"price":13.5,"value":7857297.0,"ownership":{"direct":false,"nature":"By Electrum Silver US LLC"},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F2","text":"This transaction relates to the net exercise of warrants to purchase 2,739,640 shares of the Issuer's common stock immediately prior to the completion of the initial public offering of the Issuer's common stock, in accordance with the terms of the warrants."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"These securities are owned directly by Electrum Silver US LLC (\"ESUS\"). Electrum Strategic Management LLC (\"ESM\") is the manager of ESUS. ESM is wholly owned by Electrum Global Holdings L.P. (\"Global Holdco\"), and TEG Global GP Ltd. (\"TEG Global\") is the general partner of Global Holdco. The Electrum Group LLC (\"TEG\") acts as an investment advisor to Global Holdco. Thomas S. Kaplan, Chairman of the Issuer's Board of Directors, is also Chairman, Chief Executive Officer and Chief Investment Officer of TEG. Each of these reporting persons (other than Mr. Kaplan who is a director of the Issuer) may be deemed to be a director by deputization of the Issuer."}],"balance_after":78095918,"source":{"system":"sec-edgar","filing":"0001193125-26-262217","document":"ownership.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/2091017/000119312526262217/ownership.xml","form_type":"4"}},{"id":746604,"issuer":{"id":4369,"kind":"organization","name":"Sunshine Silver Mining & Refining Co"},"owners":[{"id":40597,"kind":"organization","name":"Tigris Financial Group Ltd.","position":1,"cik":"0001831834","reported_name":"Tigris Financial Group Ltd.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":40598,"kind":"organization","name":"Manul Capital Management LLC","position":2,"cik":"0001830978","reported_name":"Manul Capital Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":40599,"kind":"organization","name":"GRAT Holdings LLC","position":3,"cik":"0001565707","reported_name":"GRAT Holdings LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock","published_at":"2026-06-08T22:05:04.000Z","date":"2026-06-05","kind":"exercise","planned":false,"acquired":true,"shares":2739640,"price":2.87,"value":7862766.8,"ownership":{"direct":false,"nature":"By Electrum Silver US LLC"},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F2","text":"This transaction relates to the net exercise of warrants to purchase 2,739,640 shares of the Issuer's common stock immediately prior to the completion of the initial public offering of the Issuer's common stock, in accordance with the terms of the warrants."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"These securities are owned directly by Electrum Silver US LLC (\"ESUS\"). Electrum Strategic Management LLC (\"ESM\") is the manager of ESUS. ESM is wholly owned by Electrum Global Holdings L.P. (\"Global Holdco\"), and TEG Global GP Ltd. (\"TEG Global\") is the general partner of Global Holdco. The Electrum Group LLC (\"TEG\") acts as an investment advisor to Global Holdco. Thomas S. Kaplan, Chairman of the Issuer's Board of Directors, is also Chairman, Chief Executive Officer and Chief Investment Officer of TEG. Each of these reporting persons (other than Mr. Kaplan who is a director of the Issuer) may be deemed to be a director by deputization of the Issuer."}],"balance_after":78677940,"source":{"system":"sec-edgar","filing":"0001193125-26-262217","document":"ownership.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/2091017/000119312526262217/ownership.xml","form_type":"4"}},{"id":746603,"issuer":{"id":4369,"kind":"organization","name":"Sunshine Silver Mining & Refining Co"},"owners":[{"id":40597,"kind":"organization","name":"Tigris Financial Group Ltd.","position":1,"cik":"0001831834","reported_name":"Tigris Financial Group Ltd.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":40598,"kind":"organization","name":"Manul Capital Management LLC","position":2,"cik":"0001830978","reported_name":"Manul Capital Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":40599,"kind":"organization","name":"GRAT Holdings LLC","position":3,"cik":"0001565707","reported_name":"GRAT Holdings LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock","published_at":"2026-06-08T22:05:04.000Z","date":"2026-06-05","kind":"grant","planned":false,"acquired":true,"shares":8929,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"Represents restricted stock units (\"RSUs\") granted to Thomas S. Kaplan. Each RSU represents a contingent right to receive one share of the Issuer's common stock. The RSUs vest in full on the earlier of (i) the first anniversary of the grant date or (ii) the day immediately proceeding the date of the Issuer's 2027 Annual Meeting of Stockholders, subject to Mr. Kaplan's continued service as a member of the Issuer's Board of Directors through such date."}],"balance_after":8929,"source":{"system":"sec-edgar","filing":"0001193125-26-262217","document":"ownership.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/2091017/000119312526262217/ownership.xml","form_type":"4"}},{"id":958567,"issuer":{"id":5362,"kind":"organization","name":"Trilogy Metals Inc."},"owners":[{"id":1349,"kind":"person","name":"KAPLAN THOMAS SCOTT","position":1,"cik":"0001124803","reported_name":"KAPLAN THOMAS SCOTT","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":70850,"kind":"organization","name":"Electrum Strategic Opportunities Fund L.P.","position":2,"cik":"0001637981","reported_name":"Electrum Strategic Opportunities Fund L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":35387,"kind":"person","name":"Electrum Group LLC","position":3,"cik":"0001565641","reported_name":"Electrum Group LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":70851,"kind":"organization","name":"ESOF GP Ltd.","position":4,"cik":"0001663180","reported_name":"ESOF GP Ltd.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":40599,"kind":"organization","name":"GRAT Holdings LLC","position":5,"cik":"0001565707","reported_name":"GRAT Holdings LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Shares","published_at":"2025-12-29T21:15:15.000Z","date":"2025-12-26","kind":"gift","planned":false,"acquired":false,"shares":416666,"price":0,"value":0.0,"ownership":{"direct":false,"nature":"By spouse"},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F1","text":"Reflects shares that were donated to a charitable foundation for no consideration."},{"field":"shares","element":"transactionShares","label":"F3","text":"Includes 416,666 shares previously held by GRAT Holdings LLC, which is owned by trusts for the benefit of family members of Mr. Kaplan. The shares were transferred to an account for the benefit of Mr. Kaplan's spouse in transactions exempt from reporting pursuant to Rule 16a-13 under the Securities Exchange Act of 1934, as amended."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F4","text":"Represents shares owned directly by Mr. Kaplan's spouse. For purposes of Section 16 of the Securities Exchange Act of 1934, each reporting person disclaims beneficial ownership of any such securities, except to the extent of his/its pecuniary interest therein, and this report shall not be deemed an admission that such reporting person is the beneficial owner of such securities for the purposes of Section 16 or otherwise."}],"balance_after":0,"source":{"system":"sec-edgar","filing":"0001193125-25-335351","document":"ownership.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1124803/000119312525335351/ownership.xml","form_type":"4"}},{"id":958566,"issuer":{"id":5362,"kind":"organization","name":"Trilogy Metals Inc."},"owners":[{"id":1349,"kind":"person","name":"KAPLAN THOMAS SCOTT","position":1,"cik":"0001124803","reported_name":"KAPLAN THOMAS SCOTT","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":70850,"kind":"organization","name":"Electrum Strategic Opportunities Fund L.P.","position":2,"cik":"0001637981","reported_name":"Electrum Strategic Opportunities Fund L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":35387,"kind":"person","name":"Electrum Group LLC","position":3,"cik":"0001565641","reported_name":"Electrum Group LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":70851,"kind":"organization","name":"ESOF GP Ltd.","position":4,"cik":"0001663180","reported_name":"ESOF GP Ltd.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":40599,"kind":"organization","name":"GRAT Holdings LLC","position":5,"cik":"0001565707","reported_name":"GRAT Holdings LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Shares","published_at":"2025-12-29T21:15:15.000Z","date":"2025-12-26","kind":"gift","planned":false,"acquired":false,"shares":540406,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F1","text":"Reflects shares that were donated to a charitable foundation for no consideration."},{"field":"shares","element":"transactionShares","label":"F2","text":"Includes 10,000 shares previously held through Tigris Financial Group Ltd., of which Mr. Kaplan is the sole shareholder, and 416,667 shares previously held by GRAT Holdings LLC, which is owned by trusts for the benefit of family members of Mr. Kapan. The shares were transferred to an account for the benefit of Mr. Kaplan in transactions exempt from reporting pursuant to Rule 16a-13 under the Securities Exchange Act of 1934, as amended."}],"balance_after":0,"source":{"system":"sec-edgar","filing":"0001193125-25-335351","document":"ownership.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1124803/000119312525335351/ownership.xml","form_type":"4"}},{"id":1154060,"issuer":{"id":1348,"kind":"organization","name":"NOVAGOLD RESOURCES INC","symbol":"NG"},"owners":[{"id":79994,"kind":"organization","name":"Electrum Strategic Resources L.P.","position":1,"cik":"0001454795","reported_name":"Electrum Strategic Resources L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":35387,"kind":"person","name":"Electrum Group LLC","position":2,"cik":"0001565641","reported_name":"Electrum Group LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":35385,"kind":"person","name":"ELECTRUM GLOBAL HOLDINGS L.P.","position":3,"cik":"0001564994","reported_name":"ELECTRUM GLOBAL HOLDINGS L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":35386,"kind":"person","name":"TEG Global GP Ltd.","position":4,"cik":"0001565709","reported_name":"TEG Global GP Ltd.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":79995,"kind":"organization","name":"Leopard Holdings LLC","position":5,"cik":"0001565706","reported_name":"Leopard Holdings LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":40599,"kind":"organization","name":"GRAT Holdings LLC","position":6,"cik":"0001565707","reported_name":"GRAT Holdings LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":1349,"kind":"person","name":"KAPLAN THOMAS SCOTT","position":7,"cik":"0001124803","reported_name":"KAPLAN THOMAS SCOTT","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Shares","published_at":"2025-05-09T20:49:46.000Z","date":"2025-05-09","kind":"purchase","planned":false,"acquired":true,"shares":13333334,"price":3.75,"value":50000002.5,"ownership":{"direct":true},"footnotes":[{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F1","text":"Represents Common Shares of the Issuer owned directly by Electrum Strategic Resources L.P. (\"Electrum Strategic\"). Electrum Global Holdings LP. (\"Global Holdings\") is the owner of all of the limited partnership interests of Electrum Strategic. TEG Global GP Ltd. (\"Global GP\") is the sole general partner of, and The Electrum Group LLC (\"TEG Services\") is the investment adviser to, Global Holdings. TEG Services possesses voting and investment discretion with respect to assets of Global Holdings. Leopard Holdings LLC (\"Leopard\") controls Global Holdings through Global GP, and GRAT Holdings LLC is the owner and managing member of Leopard. GRAT Holdings LLC is owned by trusts for the benefit of the family of Thomas Scott Kaplan."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F2","text":"For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, each reporting person disclaims beneficial ownership of these securities, except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that such reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose."}],"balance_after":92902813,"source":{"system":"sec-edgar","filing":"0000950170-25-068167","document":"ownership.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1124803/000095017025068167/ownership.xml","form_type":"4"}},{"id":1167226,"issuer":{"id":1348,"kind":"organization","name":"NOVAGOLD RESOURCES INC","symbol":"NG"},"owners":[{"id":79994,"kind":"organization","name":"Electrum Strategic Resources L.P.","position":1,"cik":"0001454795","reported_name":"Electrum Strategic Resources L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":35387,"kind":"person","name":"Electrum Group LLC","position":2,"cik":"0001565641","reported_name":"Electrum Group LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":35385,"kind":"person","name":"ELECTRUM GLOBAL HOLDINGS L.P.","position":3,"cik":"0001564994","reported_name":"ELECTRUM GLOBAL HOLDINGS L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":35386,"kind":"person","name":"TEG Global GP Ltd.","position":4,"cik":"0001565709","reported_name":"TEG Global GP Ltd.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":79995,"kind":"organization","name":"Leopard Holdings LLC","position":5,"cik":"0001565706","reported_name":"Leopard Holdings LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":40599,"kind":"organization","name":"GRAT Holdings LLC","position":6,"cik":"0001565707","reported_name":"GRAT Holdings LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":1349,"kind":"person","name":"KAPLAN THOMAS SCOTT","position":7,"cik":"0001124803","reported_name":"KAPLAN THOMAS SCOTT","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Warrants (right to buy)","published_at":"2025-04-23T20:15:11.000Z","date":"2025-04-22","kind":"other","planned":false,"acquired":true,"shares":6375000,"ownership":{"direct":true},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F1","text":"The warrants were acquired by Electrum Strategic Resources L.P. (\"Electrum Strategic\") as consideration for entering into the Backstop Agreement, dated April 22, 2025, with the Issuer and the Investors named therein, pursuant to which agreement Electrum Strategic committed to purchase up to $42.5 million of the Issuer's common shares at $3 per share to fund a portion of an acquisition by the Issuer if the Issuer does not obtain alternative financing for such acquisition."},{"field":"price","element":"transactionPricePerShare","label":"F1","text":"The warrants were acquired by Electrum Strategic Resources L.P. (\"Electrum Strategic\") as consideration for entering into the Backstop Agreement, dated April 22, 2025, with the Issuer and the Investors named therein, pursuant to which agreement Electrum Strategic committed to purchase up to $42.5 million of the Issuer's common shares at $3 per share to fund a portion of an acquisition by the Issuer if the Issuer does not obtain alternative financing for such acquisition."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F2","text":"Electrum Global Holdings LP. (\"Global Holdings\") is the owner of all of the limited partnership interests of Electrum Strategic. TEG Global GP Ltd. (\"Global GP\") is the sole general partner of, and The Electrum Group LLC (\"TEG Services\") is the investment adviser to, Global Holdings. TEG Services possesses voting and investment discretion with respect to assets of Global Holdings. Leopard Holdings LLC (\"Leopard\") controls Global Holdings through Global GP, and GRAT Holdings LLC is the owner and managing member of Leopard."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F3","text":"For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, each reporting person disclaims beneficial ownership of these securities, except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that such reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose."}],"balance_after":6375000,"derivative":{"exercise_price":3,"exercise_date":"2025-04-22","expiration_date":"2030-04-22","underlying":"Common Shares","underlying_shares":6375000},"source":{"system":"sec-edgar","filing":"0000950170-25-057383","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1124803/000095017025057383/ownership.xml","form_type":"4"}},{"id":1839944,"issuer":{"id":1348,"kind":"organization","name":"NOVAGOLD RESOURCES INC","symbol":"NG"},"owners":[{"id":40599,"kind":"organization","name":"GRAT Holdings LLC","position":1,"cik":"0001565707","reported_name":"GRAT Holdings LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":false,"other":true,"other_text":"Possible member of 10% group"}}],"security":"Common Shares","published_at":"2023-07-03T21:00:23.000Z","date":"2023-06-30","kind":"other","planned":false,"acquired":true,"shares":286977,"price":3.89,"value":1116340.53,"ownership":{"direct":true},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F1","text":"The purpose of this Form 4 is to report (i) the transfer of 286,977 Common Shares (the \"Shares\") of the Issuer from Thomas S. Kaplan to GRAT Holdings LLC (\"GRAT\") (which is owned by trusts for the benefit of the Kaplan family) on June 30, 2023, for US $3.89 per Share, the closing price of the Shares on June 29, 2023. Thus, Mr. Kaplan's aggregate beneficial ownership of the Shares is unchanged as a result of this transaction."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"For purposes of Section 16 of the Securities Exchange Act of 1934, GRAT disclaims beneficial ownership of any such securities, except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that such reporting person is the beneficial owner of such securities for purposes of Section 16 or otherwise."}],"balance_after":5286977,"source":{"system":"sec-edgar","filing":"0001493152-23-023319","document":"ownership.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1173420/000149315223023319/ownership.xml","form_type":"4"}},{"id":3958119,"issuer":{"id":5362,"kind":"organization","name":"Trilogy Metals Inc."},"owners":[{"id":1349,"kind":"person","name":"KAPLAN THOMAS SCOTT","position":1,"cik":"0001124803","reported_name":"KAPLAN THOMAS SCOTT","relationship":{"director":false,"officer":false,"ten_percent_owner":false,"other":true,"other_text":"Possible member of 10% group"}},{"id":70850,"kind":"organization","name":"Electrum Strategic Opportunities Fund L.P.","position":2,"cik":"0001637981","reported_name":"Electrum Strategic Opportunities Fund L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":false,"other":true,"other_text":"Possible member of 10% group"}},{"id":35387,"kind":"person","name":"Electrum Group LLC","position":3,"cik":"0001565641","reported_name":"Electrum Group LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":false,"other":true,"other_text":"Possible member of 10% group"}},{"id":70851,"kind":"organization","name":"ESOF GP Ltd.","position":4,"cik":"0001663180","reported_name":"ESOF GP Ltd.","relationship":{"director":false,"officer":false,"ten_percent_owner":false,"other":true,"other_text":"Possible member of 10% group"}},{"id":40599,"kind":"organization","name":"GRAT Holdings LLC","position":5,"cik":"0001565707","reported_name":"GRAT Holdings LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":false,"other":true,"other_text":"Possible member of 10% group"}}],"security":"Common Shares","published_at":"2018-04-24T14:53:22.000Z","date":"2018-04-20","kind":"other","acquired":true,"shares":5031250,"price":1.16,"value":5836250.0,"ownership":{"direct":false,"nature":"By Electrum Strategic Opportunities Fund L.P."},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F1","text":"On April 20, 2018, ESOF acquired 5,031,250 of the Issuer's Common Shares for an aggregate purchase price of $5,836,250, or $1.16 per Common Share."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"ESOF is an investment fund, of which The Electrum Group LLC is the investment adviser. ESOF GP Ltd. is the general partner of the sole general partner of ESOF."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"In accordance with Instruction 4(b)(iv) to Form 4, the entire amount of the Issuer's securities held by Tigris, GRAT Holdings, and ESOF is reported herein. For purposes of Section16 of the Securities Exchange Act of 1934, each reporting person disclaims beneficial ownership of any such securities, except to the extent of his/its indirect pecuniary interest therein, if any, and this report shall not be deemed an admission that such reporting person is the beneficial owner of such securities for purposes of Section 16 or otherwise."}],"balance_after":29422923,"source":{"system":"sec-edgar","filing":"0001493152-18-005670","document":"form4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1124803/000149315218005670/form4.xml","form_type":"4"}}]}