Eric Sprott

Um, honestly, pressure from people who don't own a lot of shares, to be honest.

Um, you know, the people that are our biggest shareholders, Tac, South32, Eric Sprott, and I could name a couple other people who may or may not want me to name them.

Um, but they don't bug me at all.

They, they, they, they, they know what they own.

But it took us four years to get there.

So, you know, over four years we managed to find three strategics.

Eric Sprott, Teck, South32, and cost $55 million in the bank.

And, you know, some people would say we, we had safe meterage and, you know, we're kinda drilling where we know, knew was, you know, mineralization and we, we did small little step outs.

We're not going to repeat that in here.

Today, we'll basically talk about Eric Sprott and the new VMS Discovery.

That's what we'll talk about today, mostly.

In a nutshell, though, storm exploration is currently focused on a 100% owned project that's called Cold Standards, about 60 kilometers north of Fort Francis in northwestern Ontario.

The stock's 52-week high is up a lot as well since we last spoke, so it's now the 52-week high is 71 cents, and 52-week low is 17 cents.

Last time they raised capital was about a month ago, raising $3.2 million at $0.40 per share, with a half a warrant at $0.55 for two years.

Most notably, a big part of that financing was taken up by Eric Sprott.

I believe he took about $2 million, so more than half of that financing went to him.

One of which I wanna tell you about, mate.

It is up fourfold, fourfold in the last three years, and it's Sprott Inc., would you believe?

That is the question that we wanted to ask John Ciampaglia.

Uh, it is just a fascinating business.

We were super curious to, to learn more about it, so I don't think we need to beat around the bush.

We're gonna learn all about Sprott, the history, and where the company's going.

[upbeat music]

John, you get asked all the time about your views on markets.

Well, I had this, uh, once-in-a-lifetime phone call, um, from, from the person who has decided to, to, to fund our work.

His name was Eric Sprott.

He's, uh, a native of, uh, Ottawa, uh, in Ontario, and, um, he's a philanthropist, has donated money to a number of causes, um, o- over the years.

And, um, his own personal experience, he's 81 years old, his own personal experience is that he's feels much healthier on a, a, a keto, a keto carnivore diet primarily.

Um, so if people wanted to learn more about all the work you're doing, where can they go to find more?

Well, we have a, a, a lab, a lab website.

Um, the pro- the program that we've developed with, with, uh, Eric Sprott, um, is called SPARCS.

So, uh, that will be a, the term that we'll- Be- be become more and more public.

And as you say, about 12 months ago, we were lucky enough to be able to have that size and scale and access to a deal like that, that you could be writing a meaningful check, that you could effectively access an opportunity like that with maybe just one other investor.

Eric Sprott in that case.

In that case, it was.

And that's essentially what we're trying to do.

And we'll pick up some since I love the people that are running it.

I mean, Eric Sprott's an investor in it.

Rick Rule's an investor in it.

So he's got some nice investors with him also.