- Sprott (SII) has acquired assets related to the North Shore Global Uranium Mining ETF
- The company has since reorganized the fund into the Sprott Uranium Miners ETF (NYSE:URNM)
- The transaction adds approximately US$1.1B to Sprott’s AUM and establishes it as the largest manager of uranium investments in the world at $4.5B as of April 21, 2022
- Sprott is a global leader in precious metal and real asset investments
- Sprott (SII) is down by 2.2 per cent trading at $58.37 per share
Sprott (SII) has acquired assets related to the North Shore Global Uranium Mining ETF.
The company has reorganized the fund from a trust, previously managed by Exchange Traded Concepts, to a series of Sprott Funds Trust known as the Sprott Uranium Miners ETF (NYSE:URNM).
The transaction adds approximately US$1.1B to Sprott’s AUM and establishes it as the largest manager of uranium investments in the world totalling approximately US$4.5B as of April 21, 2022.
The ETF is now advised by Sprott Asset Management and sub-advised by ALPS Advisors. It will continue to track the performance of the North Shore Global Uranium Mining Index.
“Investor interest in uranium and energy-transition-related investments continues to increase and the Sprott Uranium Miners ETF is the perfect complement to the Sprott Physical Uranium Trust (SPUT),” said John Ciampaglia, CEO of Sprott Asset Management.
“As global governments increasingly turn to nuclear energy to address the dual challenges of achieving energy transition and energy security, we expect demand for uranium to remain strong,” he added.
Sprott is a global leader in precious metal and real asset investments.
Sprott (SII) is down by 2.2 per cent trading at $58.37 per share as of 11:35 am EST.
