# SPROTT GLOBAL RESOURCE INVESTMENTS LTD X-17A-5 (2022-04-01) — Broker-dealer annual report

- Company: SPROTT GLOBAL RESOURCE INVESTMENTS LTD
- Form: X-17A-5
- Filed: 2022-04-01
- Period: 2021-12-31
- Accession: 0000920792-22-000002
- CIK: 920792
- File #: 8-47039
- Type: Broker-dealer
- Material weakness: No
- Auditor: KPMG LLP
- Auditor location: Toronto, A6
- Contact: Natalia Yermolina
- Phone: 6472417427
- Website: sprottglobal.com
- Signed by: Natalia Yermolina (FINOP)

Original filing: https://www.sec.gov/Archives/edgar/data/920792/000092079222000002/GRIL2021SFCUpload.pdf

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#### **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549**

OMB APPROVAL OMB Number: ϯϮϯϱͲϬϭϮϯ Expires: KĐƚ͘ϯϭ͕ϮϬϮϯ Estimated average burden hours per response:

# **ANNUAL REPORTS FORM X-17A-5 PART III**

| SEC FILE NUMBER |  |
|-----------------|--|

**FACING PAGE Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934**  FILING FOR THE PERIOD BEGINNING \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ AND ENDING \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ MM/DD/YY MM/DD/YY **A. REGISTRANT IDENTIFICATION** NAME OF FIRM: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ TYPE OF REGISTRANT (check all applicable boxes): ܆ Broker-dealer ܆ Security-based swap dealer ܆ Major security-based swap participant ܆ Check here if respondent is also an OTC derivatives dealer ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ (No. and Street) \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ (City) (State) (Zip Code) PERSON TO CONTACT WITH REGARD TO THIS FILING \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ (Name) (Area Code – Telephone Number) (Email Address) **B. ACCOUNTANT IDENTIFICATION** INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing\* \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ (Name – if individual, state last, first, and middle name) \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ (Address) (City) (State) (Zip Code) \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ (Date of Registration with PCAOB)(if applicable) (PCAOB Registration Number, if applicable) **FOR OFFICIAL USE ONLY**  \* Claims for exemption from the requirement that the annual reports be covered by the reports of an independent public January 1, 2021 December 31, 2021 Sprott Global Resource Investments. Ltd X 1910 Palomar Point Way, Suite 200 Carlsbad CA <sup>92008</sup> KPMG LLP Bay Adelaide Centre, 333 Bay Street, Suite 4600 Toronto ON, Canada M5H 2S5

accountant must be supported by a statement of facts and circumstances relied on as the basis of the exemption. See 17 CFR 240.17a-5(e)(1)(ii), if applicable.

**Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.** 

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#### **OATH OR AFFIRMATION**

Natalia Yermolina

I, \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_, swear (or affirm) that, to the best of my knowledge and belief, the Sprott Global Resource Investments, Ltd

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

financial report pertaining to the firm of \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_, as of \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_, 2\_\_\_\_\_, is true and correct. I further swear (or affirm) that neither the company nor any December 31 021

partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely as that of a customer.

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ Note, due to COVID-19 restrictions, and as allowed by the U.S Securities and Exchange Commission statement dated June 18, 2020, the following filing has been made without notarization

| Signature: |  |
|------------|--|

Title: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ FINOP

Notary Public

#### **This filing\*\* contains (check all applicable boxes):**

- ܆) a) Statement of financial condition. X
- ܆) b) Notes to consolidated statement of financial condition.
- ܆) c) Statement of income (loss) or, if there is other comprehensive income in the period(s) presented, a statement of comprehensive income (as defined in § 210.1-02 of Regulation S-X).
- ܆) d) Statement of cash flows.
- ܆) e) Statement of changes in stockholders' or partners' or sole proprietor's equity.
- ܆) f) Statement of changes in liabilities subordinated to claims of creditors.
- ܆) g) Notes to consolidated financial statements.
- ܆) h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable.
- ܆) i) Computation of tangible net worth under 17 CFR 240.18a-2.
- ܆) j) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3.
- ܆) k) Computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.15c3-3 or Exhibit A to 17 CFR 240.18a-4, as applicable.
- ܆) l) Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3.
- ܆) m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3.
- ܆) n) Information relating to possession or control requirements for security-based swap customers under 17 CFR 240.15c3-3(p)(2) or 17 CFR 240.18a-4, as applicable.
- ܆) o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-1, or 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 CFR 240.15c3-3 or 17 CFR 240.18a-4, as applicable, if material differences exist, or a statement that no material differences exist.
- ܆) p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition.
- ܆) q) Oath or affirmation in accordance with 17 CFR 240.17a-5, 17 CFR 240.17a-12, or 17 CFR 240.18a-7, as applicable. X
- ܆) r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable.
- ܆) s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable.
- ܆) t) Independent public accountant's report based on an examination of the statement of financial condition.
- ܆) u) Independent public accountant's report based on an examination of the financial report or financial statements under 17 CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable.
- ܆) v) Independent public accountant's report based on an examination of certain statements in the compliance report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable.
- ܆) w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable.
- ܆) x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-1e or 17 CFR 240.17a-12, as applicable.
- ܆) y) Report describing any material inadequacies found to exist or found to have existed since the date of the previous audit, or a statement that no material inadequacies exist, under 17 CFR 240.17a-12(k).
- ܆) z) Other: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
- *\*\*To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5(e)(3) or 17 CFR 240.18a-7(d)(2), as applicable.*

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© 2022 KPMG LLP, an Ontario limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.

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{7}------------------------------------------------

#### *"! -*

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{8}------------------------------------------------

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{9}------------------------------------------------

#### *"! -*

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{10}------------------------------------------------

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{11}------------------------------------------------

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{12}------------------------------------------------

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Sprott Global Resource Investments, Ltd.'s Exemption Report

March 9, 2022

Sprott Global Resource Investments, Ltd. (the "Partnership") is a registered broker-dealer subject to Rule 17a-5 promulgated by the Securities and Exchange Commission (17 C.F.R. §240.17a-5, "Reports to be made by certain brokers and dealers"). This Exemption Report was prepared as required by 17 C.F.R. § 240.17a-5(d)(1) and (4).

To the best of its knowledge and belief, the Partnership states it has met the identified exemption provisions in 17 C.F.R. § 240.15c3-3(k)(2)(ii) from January 1, 2021 to December 31, 2021, without exception.

Very truly yours,

Sprott Global Resource Investments, Ltd.

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ Mr. Robert Villaflor *Chief Executive Officer*

Ms. Natalia Yermolina *FINOP*

{18}------------------------------------------------

1910 Palomar Point Way, Suite 200 y Carlsbad, CA 92008 Phone: 760-444-5254 y Toll Free: 800-477-RULE y Fax: 760-683-6752 y www.sprottglobal.com

{19}------------------------------------------------

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© 2022 KPMG LLP, an Ontario limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.

{20}------------------------------------------------

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{21}------------------------------------------------

| SIPC-7         |  |
|----------------|--|
| (36-REV 12/18) |  |

#### **SIPC-7 SIPC-7** SECURITIES INVESTOR PROTECTION CORPORATION Mail Code: 8967 P.O. Box 7247 Philadelphia, PA 19170-0001

#### (36-REV 12/18) (36-REV 12/18) **General Assessment Reconciliation**

For the fiscal year ended **\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_**

(Read carefully the instructions in your Working Copy before completing this Form)

#### **TO BE FILED BY ALL SIPC MEMBERS WITH FISCAL YEAR ENDINGS**

1. Name of Member, address, Designated Examining Authority, 1934 Act registration no. and month in which fiscal year ends for purposes of the audit requirement of SEC Rule 17a-5:

),15\$'(& 635277\*/2%\$/5(6285&(,19(670(176/7' 3\$/20\$532,17:\$<67( &\$5/6%\$'&\$ \$7711\$7\$/,\$<(502/,1\$

Note: If any of the information shown on the mailing label requires correction, please e-mail any corrections to form@sipc.org and so indicate on the form filed.

Name and telephone number of person to contact respecting this form.

1DWDOLD<HUPROLQD

| 2. A. General Assessment (item 2e from page 2)                                                                             |                                    | <br>\$                                                                                                                                                                                                                                                           |
|----------------------------------------------------------------------------------------------------------------------------|------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| B. Less payment made with SIPC-6 filed (exclude interest)<br>-XO\                                                          |                                    | <br>(                                                                                                                                                                                                                                                            |
| Date Paid                                                                                                                  |                                    |                                                                                                                                                                                                                                                                  |
| C. Less prior overpayment applied                                                                                          |                                    | (                                                                                                                                                                                                                                                                |
| D. Assessment balance due or (overpayment)                                                                                 |                                    |                                                                                                                                                                                                                                                                  |
| E. Interest computed on late payment (see instruction E) for______days at 20% per annum                                    |                                    |                                                                                                                                                                                                                                                                  |
| F. Total assessment balance and interest due (or overpayment carried forward)                                              |                                    | \$                                                                                                                                                                                                                                                               |
| r the box<br>G. PAYMENT:<br>Check mailed to P.O. Box T Funds Wired TACH T<br>Total (must be same as F above)               | ✔<br><br>\$                        |                                                                                                                                                                                                                                                                  |
| H. Overpayment carried forward                                                                                             | \$(                                | )                                                                                                                                                                                                                                                                |
| 3. Subsidiaries (S) and predecessors (P) included in this form (give name and 1934 Act registration number):               |                                    |                                                                                                                                                                                                                                                                  |
| The SIPC member submitting this form and the<br>person by whom it is executed represent thereby                            | 6SURWW*OREDO5HVRXUFH,QYHVWPHQWV/WG |                                                                                                                                                                                                                                                                  |
| that all information contained herein is true, correct<br>and complete.                                                    | 1DWDOLD<HUPROLQD                   | (Name of Corporation, Partnership or other organization)<br>'LJLWDOO\VLJQHGE\1DWDOLD<HUPROLQD<br>'1F &\$R 5R\DO%DQNRI&DQDGD%DQTXH5R\DOHGX&DQDGDRX ([WHUQDORX 5%&86:HDOWK0DQDJHPHQW<br>RX &RUUHVSRQGHQW6HUYLFHVVHULDO1XPEHU 53*51<FQ 1DWDOLD<HUPROLQD<br>'DWH<br> |
|                                                                                                                            |                                    |                                                                                                                                                                                                                                                                  |
| <br><br>0DUFK                                                                                                              | 1DWDOLD<HUPROLQD),123              | (Authorized Signature)                                                                                                                                                                                                                                           |
| Dated the<br>day of<br>, 20                                                                                                |                                    | (Title)                                                                                                                                                                                                                                                          |
| This form and the assessment payment is due 60 days after the end of the fiscal year. Retain the Working Copy of this form |                                    |                                                                                                                                                                                                                                                                  |
| for a period of not less than 6 years, the latest 2 years in an easily accessible place.                                   |                                    |                                                                                                                                                                                                                                                                  |

| WER        | Dates:       | Postmarked                 | Received | Reviewed      |              |
|------------|--------------|----------------------------|----------|---------------|--------------|
|            | Calculations |                            |          | Documentation | Forward Copy |
| SIPC REVIE | Exceptions:  |                            |          |               |              |
|            |              | Disposition of exceptions: |          |               |              |

{22}------------------------------------------------

### **DETERMINATION OF "SIPC NET OPERATING REVENUES" AND GENERAL ASSESSMENT**

Amounts for the fiscal period beginning and ending 

| Item No.<br>2a. Total revenue (FOCUS Line 12/Part IIA Line 9, Code 4030)                                                                                                                                                                                                                                                                                                                      | Eliminate cents<br><br>\$ |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------|
| 2b. Additions:<br>(1) Total revenues from the securities business of subsidiaries (except foreign subsidiaries) and<br>predecessors not included above.                                                                                                                                                                                                                                       |                           |
| (2) Net loss from principal transactions in securities in trading accounts.                                                                                                                                                                                                                                                                                                                   |                           |
| (3) Net loss from principal transactions in commodities in trading accounts.                                                                                                                                                                                                                                                                                                                  |                           |
| (4) Interest and dividend expense deducted in determining item 2a.                                                                                                                                                                                                                                                                                                                            |                           |
| (5) Net loss from management of or participation in the underwriting or distribution of securities.                                                                                                                                                                                                                                                                                           |                           |
| (6) Expenses other than advertising, printing, registration fees and legal fees deducted in determining net<br>profit from management of or participation in underwriting or distribution of securities.                                                                                                                                                                                      |                           |
| (7) Net loss from securities in investment accounts.                                                                                                                                                                                                                                                                                                                                          |                           |
| Total additions                                                                                                                                                                                                                                                                                                                                                                               |                           |
| 2c. Deductions:<br>(1) Revenues from the distribution of shares of a registered open end investment company or unit<br>investment trust, from the sale of variable annuities, from the business of insurance, from investment<br>advisory services rendered to registered investment companies or insurance company separate<br>accounts, and from transactions in security futures products. |                           |
| (2) Revenues from commodity transactions.                                                                                                                                                                                                                                                                                                                                                     |                           |
| (3) Commissions, floor brokerage and clearance paid to other SIPC members in connection with<br>securities transactions.                                                                                                                                                                                                                                                                      |                           |
| (4) Reimbursements for postage in connection with proxy solicitation.                                                                                                                                                                                                                                                                                                                         |                           |
| (5) Net gain from securities in investment accounts.                                                                                                                                                                                                                                                                                                                                          |                           |
| (6) 100% of commissions and markups earned from transactions in (i) certificates of deposit and<br>(ii) Treasury bills, bankers acceptances or commercial paper that mature nine months or less<br>from issuance date.                                                                                                                                                                        |                           |
| (7) Direct expenses of printing advertising and legal fees incurred in connection with other revenue<br>related to the securities business (revenue defined by Section 16(9)(L) of the Act).                                                                                                                                                                                                  |                           |
| (8) Other revenue not related either directly or indirectly to the securities business.<br>(See Instruction C):                                                                                                                                                                                                                                                                               |                           |
| (Deductions in excess of \$100,000 require documentation)                                                                                                                                                                                                                                                                                                                                     |                           |
| (9) (i) Total interest and dividend expense (FOCUS Line 22/PART IIA Line 13,<br>Code 4075 plus line 2b(4) above) but not in excess<br>\$<br>of total interest and dividend income.                                                                                                                                                                                                            |                           |
| (ii) 40% of margin interest earned on customers securities<br>\$<br>accounts (40% of FOCUS line 5, Code 3960).                                                                                                                                                                                                                                                                                |                           |
| Enter the greater of line (i) or (ii)                                                                                                                                                                                                                                                                                                                                                         |                           |
| Total deductions                                                                                                                                                                                                                                                                                                                                                                              |                           |
| 2d. SIPC Net Operating Revenues                                                                                                                                                                                                                                                                                                                                                               | <br>\$                    |
| 2e. General Assessment @ .0015                                                                                                                                                                                                                                                                                                                                                                | <br>\$                    |
|                                                                                                                                                                                                                                                                                                                                                                                               | (to page 1, line 2.A.)    |


Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.