TSX:WSP 16 December 2025

May 3, 2026, 10:54 AM EDT. Spartan Metals Corp. (CVE:W) Director Burton Egger purchased CA$138,000 of shares at CA$0.55 each, increasing his holding by 2.9%. This marks the largest insider purchase in the past year, although the buy price was below the current CA$0.78 market price, suggesting Egger sees value at lower levels. Over 12 months, insiders have only bought shares, averaging CA$0.29 per share, with no insider selling. Insider ownership stands at approximately 30%, equating to CA$10 million, indicating significant management alignment with shareholders. While recent insider activity is positive, the company's ongoing losses present risks. Investors should consider all factors, including four identified warning signals, before assessing Spartan Metals' outlook.