Insider Trading Alert: Eric Sprott Invests $1.5 Million in Blackrock Silver Corp.

Eric Sprott has invested an additional $1.5 million in Blackrock Silver Corp., purchasing 3,049,400 shares at an average price of 52 cents. This brings his total holdings in the company to 46,140,219 shares. Meanwhile, insiders at Aritzia, StorageVault, and Waste Connections have sold shares, with proceeds totaling over $142,000, $818,000, and $286,000, respectively. Insider transactions can indicate perceived value in a security or personal financial needs.

Eric Sprott's Additional Investment in Blackrock Silver Corp.

Eric Sprott, a prominent figure in the precious metals sector, has shown confidence in Blackrock Silver Corp. by investing an additional $1.5 million in the company. This investment, which occurred between July 2 and Aug. 1, saw Sprott purchasing 3,049,400 shares at an average price of approximately 52 cents per share [1]. The purchase was made through 2176423 Ontario Ltd., an account where Sprott has indirect ownership. This latest move brings Sprott's total holdings in Blackrock Silver Corp. to 46,140,219 shares.

Insider Selling Activity

While Sprott's investment indicates a positive view on Blackrock Silver Corp., other insiders have been selling shares in their respective companies. At Aritzia Inc., executive vice-president of retail Pippa Morgan sold 1,937 shares at a price per share of $73.42, resulting in proceeds exceeding $142,000 [1]. This sale occurred on July 29 and left the account with no remaining shares.

At StorageVault Canada Inc., director Alan Simpson, who is also the former president and chief executive officer of the company, sold 175,122 shares between July 31 and Aug. 5. The average price per share was approximately $4.68, with total proceeds exceeding $818,000 [1]. This sale reduced Simpson's holdings in this specific account to 837,305 shares.

Similarly, at Waste Connections Inc., senior vice president of people, training and development Sue Netherton sold 1,500 shares at a price per share of US$191.12. The sale, which took place on July 29, left 11,726 shares in her account and resulted in proceeds totaling more than US$286,000 [1].

Interpretation of Insider Transactions

Insider transactions can provide valuable insights into a company's valuation or the personal financial needs of the insiders. Sprott's investment in Blackrock Silver Corp. suggests that he perceives the company's stock as undervalued or has a long-term view on the company's prospects. Conversely, the selling activities by insiders at Aritzia, StorageVault, and Waste Connections may indicate a variety of reasons, including personal financial needs or changes in the insiders' investment strategies.

Conclusion

Insider trading activity can serve as a useful indicator for investors, though it should not be the sole basis for investment decisions. While Sprott's investment in Blackrock Silver Corp. suggests a positive outlook, the selling activities by other insiders require further analysis. Investors should consider these transactions in conjunction with other market indicators and fundamental analysis.

References

[1] https://www.theglobeandmail.com/investing/markets/inside-the-market/article-mondays-insider-report-eric-sprott-commits-an-additional-15-million-to/
[2] https://site.financialmodelingprep.com/market-news/sprott-inc-nyse-sii-q2-2025-earnings-overview
[3] https://www.wastedive.com/news/q2-2025-waste-recycling-acquisition-spending/756568/