{ "schema_version": "1.0.0", "ticker": "CSC", "company_name": "Capstone Copper Corp.", "cutoff_date": "2026-10-31", "reviewed_at": "2026-10-31", "coverage_note": "No dated top-20 registered-holder table was located. The Canadian issuer circular and selected holder filings provide only partial, differently dated ownership evidence for common shares underlying ASX CDIs.", "register": null, "substantial_holders": [ { "holder_id": "orion", "name": "Orion Mine Finance funds", "classification": "reporting_group", "shares": 43036179, "percentage": 5.6, "percentage_basis": "issued_shares", "as_of_date": "2025-10-15", "investor_id": null, "identity_note": null, "source_ids": [ "orion-2025", "annual-2025" ], "notes": [ "Orion Fund JV Limited, Orion Mine Finance Fund II LP, and Orion Mine Finance (Master) Fund I-A LP jointly reported 43,036,179 shares following their 15 October 2025 sale.", "Capstone’s 2025 financial statements state Orion subscribed for shares under a US$10 million agreement; the number, allocation, completion date and later aggregate holding were not established." ], "caveat": "Historical disclosure: subsequent subscription and changes may have changed the holding and percentage." } ], "other_investors": [ { "holder_id": "hadrian", "name": "Hadrian Capital Partners Inc. and affiliate", "classification": "reporting_group", "shares": null, "percentage": null, "percentage_basis": "issued_shares", "as_of_date": "2025-10-09", "investor_id": null, "identity_note": null, "source_ids": [ "hadrian-2025" ], "notes": [ "Hadrian reported that it held 100,712,661 shares before an agreed block sale of 50 million CDIs.", "The stated residual 50,712,661 shares was conditional on completion; primary confirmation of settlement and a newer holding were not located, so no quantity is asserted." ], "caveat": "The most recent verified holding predates an agreed disposal." }, { "holder_id": "john-mackenzie", "name": "John MacKenzie", "classification": "direct_holder", "shares": 11000040, "percentage": null, "percentage_basis": "issued_shares", "as_of_date": "2026-03-09", "investor_id": null, "identity_note": null, "source_ids": [ "circular-2026" ], "notes": [ "2026 management circular records 11,000,040 common shares on the March 9 record date; options and share units are excluded." ] }, { "holder_id": "new-golden", "name": "New Golden Exploration Chile SpA", "classification": "direct_holder", "shares": 2200012, "percentage": null, "percentage_basis": "issued_shares", "as_of_date": "2026-08-31", "investor_id": null, "identity_note": null, "source_ids": [ "golden-2026" ], "notes": [ "Golden Arrow reports its 75.019%-owned joint venture received these shares on completion of the San Pietro copper-assets sale.", "This is a transaction-date holding, not proof of current ownership." ] }, { "holder_id": "sprott-copper-miners", "name": "Sprott Copper Miners ETF", "classification": "direct_holder", "shares": 1024409, "percentage": null, "percentage_basis": "issued_shares", "as_of_date": "2026-06-30", "investor_id": null, "identity_note": null, "source_ids": [ "sprott-2026" ], "notes": [ "The fund’s SEC shareholder report lists 1,024,409 Capstone common shares at 30 June 2026.", "This fund is not attributed to Eric Sprott personally." ] } ], "sources": [ { "source_id": "orion-2025", "title": "Orion Mine Finance early-warning ownership update", "publisher": "Orion Mine Finance Management LP / CNW", "url": "https://www.newswire.ca/news-releases/orion-mine-finance-provides-update-on-its-beneficial-ownership-of-common-shares-of-capstone-copper-corp--858043838.html", "publication_date": "2025-10-16", "accessed_date": "2026-10-31", "locator": "Paragraphs 1–3 and subscription agreement paragraph", "detail": "Confirms 15 October 2025 sale, resulting 43,036,179 shares and approximately 5.6% aggregate interest." }, { "source_id": "hadrian-2025", "title": "Hadrian Capital Partners ownership update", "publisher": "Hadrian Capital Partners Inc. / GlobeNewswire", "url": "https://www.globenewswire.com/news-release/2025/10/09/3164038/0/en/hadrian-capital-partners-inc-provides-update-on-its-beneficial-ownership-of-common-shares-of-capstone-copper-corp.html", "publication_date": "2025-10-09", "accessed_date": "2026-10-31", "locator": "Paragraphs 1–2, early-warning filing paragraph", "detail": "Reports existing 100,712,661 common shares before an agreed block sale; projected post-sale ownership is not proof of settlement." }, { "source_id": "circular-2026", "title": "Notice of meeting and 2026 management information circular", "publisher": "Capstone Copper Corp.", "url": "https://capstonecopper.com/wp-content/uploads/2026/03/2026-Information-Circular.pdf", "publication_date": "2026-03-10", "accessed_date": "2026-10-31", "locator": "Page 6, principal holders; page 16, John MacKenzie securities held; record date 9 March 2026", "detail": "States management knew of no holder with 10% or more of votes and lists the director’s common shares." }, { "source_id": "annual-2025", "title": "2025 consolidated financial statements and MD&A", "publisher": "Capstone Copper Corp.", "url": "https://capstonecopper.com/wp-content/uploads/2026/03/2025-Q4-Report-to-Shareholders-1.pdf", "publication_date": "2026-03-02", "accessed_date": "2026-10-31", "locator": "Financial statements note 19, Share Capital", "detail": "Describes Orion’s equity subscription; does not quantify the resulting group shareholding." }, { "source_id": "golden-2026", "title": "Golden Arrow completes sale of copper assets at San Pietro", "publisher": "Golden Arrow Resources Corporation", "url": "https://goldenarrowresources.cl1.adnetcms.com/news-releases/golden-arrow-completes-sale-of-copper-assets-at-san-pietro-project/", "publication_date": "2026-08-31", "accessed_date": "2026-10-31", "locator": "Transaction consideration, paragraphs 1–3", "detail": "Reports New Golden Exploration Chile SpA received 2,200,012 Capstone common shares on completion." }, { "source_id": "sprott-2026", "title": "Sprott Funds Trust semiannual shareholder report", "publisher": "Sprott Funds Trust / U.S. Securities and Exchange Commission", "url": "https://www.sec.gov/Archives/edgar/data/1728683/000182912626009763/sprottfunds_ncsrs.htm", "publication_date": "2026-09-04", "accessed_date": "2026-10-31", "locator": "Sprott Copper Miners ETF, schedule of investments, 30 June 2026, page 20", "detail": "Reports 1,024,409 Capstone common shares held by the fund." } ], "limitations": [ "No coherent top-20 register or ranked list of registered CDI holders was located; register is unavailable, not empty.", "The March 2026 issuer circular says management knew of no holder controlling 10% or more; this does not rule out holdings between 5% and 10%.", "Orion’s last quantified group disclosure located is from October 2025 and predates an additional subscription of unspecified quantity. Its disclosed shares and percentage are not current verified holdings.", "Hadrian’s announced post-sale holding was conditional and not used as a completed position; direct confirmation of settlement or its later ownership was not found.", "Canadian SEDAR+ early-warning filings were not independently accessed in this review; the scope is partial.", "The San Pietro acquisition used newly issued Capstone shares; historical ownership percentages cannot be treated as current.", "Reported owners and dates differ; nominee, group, fund and individual interests can overlap and must not be summed.", "Fund ownership is not attributed to any similarly named individual." ] }