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Source: Sprott Inc.
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  • The Sprott Physical Uranium Trust (U.UN) has filed an amended and restated base shelf prospectus
  • The new prospectus increases the amount available under the original shelf prospectus by US$1 billion
  • It also allows the trust to issue units up to US$1.3 billion in Canada for 25 months following the date of the original shelf prospectus
  • The Sprott Physical Uranium Trust is an exchange-traded investment holding uranium in the form of U3O8
  • Sprott Inc. (SII) closed up by 3.49 per cent trading at $48.98 per share
  • The Sprott Physical Uranium Trust (U.UN) closed up by 12.94 per cent trading at $15.97 per unit

The Sprott Physical Uranium Trust (U.UN) has filed an amended and restated base shelf prospectus.

The new prospectus increases the amount available under the original shelf prospectus by US$1 billion and allows the trust to issue units up to US$1.3 billion in Canada for 25 months following the date of the original shelf prospectus.

The trust has obtained a receipt from securities regulatory authorities in each of the provinces and territories of Canada.

Investors can access the amended and restated base shelf prospectus through SEDAR or their province or territory’s securities regulatory authority.

John Ciampaglia, CEO of Sprott Asset Management, stated,

“Our at-the-market equity program has been very well received by investors. Since its launch on August 17, 2021, the trust has issued 24.7 million units for gross proceeds of approximately US$244.7 million. The amount available under our amended and restated shelf prospectus is expected to allow the trust to continue to meet investor demand by issuing new units and actively accumulate physical uranium.”

The Sprott Physical Uranium Trust is an exchange-traded investment holding uranium in the form of U3O8. The trust is managed by Sprott Asset Management.

Sprott Inc. (SII) closed up by 3.49 per cent trading at $48.98 per share.

The Sprott Physical Uranium Trust (U.UN) closed up by 12.94 per cent trading at $15.97 per unit.

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