These shares represent approximately 17.1% of Corsa’s issued and outstanding share capital.

Corsa operates four metallurgical coal mines across Pennsylvania and Maryland, with operational capacity to produce over 1.6 million tonnes of coal per year.

Sprott is currently focused on expanding its Minera Tres Valles copper mining operation in Chile, in which it has a 70% ownership.

The company says it sold its holdings in Corsa for investment purposes.

Shares of Corsa Coal were down 6.8% to C$0.20 a share at market close Wednesday, with a market capitalization of C$19.4 million.

Shares of SRHI dropped 10.7% on the TSX at Wednesday’s close. The company’s market capitalization is C$8.5 million.