SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* SUN VALLEY GOLD MASTER FUND, LTD (Last) (First) (Middle) INTERNATIONAL MANAGEMENT SERVICES LTD 3RD FLR, HARBOUR CTRE, N CHURCH ST BOX61 (Street) GRAND CAYMAN E9 KY1-1102 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol VISTA GOLD CORP [ VGZ ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 07/12/2021
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	07/12/2021		P		852,800	A	$1.1(3)	6,193,815	I	See footnote(1)
Common Shares	07/12/2021		P		447,200	A	$1.1(3)	13,728,729	D(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Warrants	$1.25	07/12/2021		P		426,400		07/12/2021	07/12/2024	Common Shares	426,400	$1.1(3)	426,400	I	See footnote(1)
Warrants	$1.25	07/12/2021		P		223,600		07/12/2021	07/12/2024	Common Shares	223,600	$1.1(3)	223,600	D(2)

1. Name and Address of Reporting Person* SUN VALLEY GOLD MASTER FUND, LTD (Last) (First) (Middle) INTERNATIONAL MANAGEMENT SERVICES LTD 3RD FLR, HARBOUR CTRE, N CHURCH ST BOX61 (Street) GRAND CAYMAN E9 KY1-1102 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* SUN VALLEY GOLD LLC (Last) (First) (Middle) 620 SUN VALLEY ROAD 2ND FLR, PO BOX 2211 (Street) KETCHUM ID 83340 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Palmedo Peter F. (Last) (First) (Middle) C/O SUN VALLEY GOLD LLC 620 SUN VALLEY ROAD 2ND FLR, PO BOX 2211 (Street) KETCHUM ID 83340 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. The Common Shares are held in the accounts of advisory clients of Sun Valley Gold LLC and may be deemed to be beneficially owned by Sun Valley Gold LLC and Peter F. Palmedo, the managing member of Sun Valley Gold LLC.

2. The Common Shares are held by Sun Valley Gold Master Fund, Ltd. and may be deemed to be beneficially owned by Sun Valley Gold LLC, the investment manager of Sun Valley Gold Master Fund, Ltd., and Peter F. Palmedo, the managing member of Sun Valley Gold LLC.

3. The common shares and warrants purchased on 07/12/2022 were purchased as "Units". Each Unit consists of one common share and one-half of one common share purchase warrant. Each whole common share purchase warrant entitles the holder to purchase one common share at an exercise price of $1.25 per share. The Unit price of $1.10 reflects the cost to purchase both the common share and the one-half common share warrant.

Remarks:

Each of Sun Valley Gold LLC, Sun Valley Gold Master Fund, Ltd. and Peter F. Palmedo disclaim beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein, and affirmatively disclaim being a "group" for purposes of Section 16 of the Securities Exchange Act of 1934, as amended.

	Sun Valley Gold Master Fund, Ltd., By: Peter F. Palmedo, /s/ Peter F. Palmedo	02/15/2022
	Sun Valley Gold LLC, By: Peter F. Palmedo, /s/ Peter F. Palmedo	02/15/2022
	Peter F. Palmedo, /s/ Peter F. Palmedo	02/15/2022
	** Signature of Reporting Person	Date
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