Interim CEO of South Star Battery Metals Cunha raises stake via warrant exercise
Interim CEO and director Tiago Cunha exercised 11.7 million warrants for C$2.3 million, lifting his non-diluted stake from 27.68% to 33.19%.
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what happened
Tiago Sampaio Cunha, interim CEO, president and director of Vancouver-based South Star Battery Metals, exercised 11,722,333 share purchase warrants on November 12, 2026, at C$0.20 per share. The total consideration was C$2,344,466.60, and he received the same number of common shares. The warrants were exercised through the SPO and Provence funds he directs and controls.
After the exercise, his direct and indirect holdings reached 51,000,752 shares, or 33.19% of issued shares on a non-diluted basis, up from 27.68% beforehand. On a partially diluted basis the figure stayed at 37.04%, because the warrants simply became shares. He still holds 9,389,600 warrants. According to GlobeNewswire, the disclosure was made in an early warning filing, and the full report is available on SEDAR+.
why it matters
For markets this is a routine insider ownership disclosure rather than a new operating or financial signal. The increase comes from exercising warrants, not from buying on the open market. Further trades or sales would need new filings to show whether control of the company is shifting.
tags
instruments
sources
- South Star Battery Metals Corp. (STS) Cunha Exercises Warrants for 11.7M Shares — TradingView, 13 November 2026 at 00:46 UTC
- Tiago Cunha Announces Acquisition of Shares in South Star Battery Metals Corp. — globenewswire.com, 13 November 2026 at 00:46 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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