Welcome to our dedicated page for Sprott news (Ticker: SII), a resource for investors and traders seeking the latest updates and insights on Sprott stock.
Sprott Inc. reports developments as a global asset manager focused on precious metals and critical materials investments. News typically covers assets under management, fund flows, financial results and activity across Exchange Listed Products, Managed Equities, Private Strategies and corporate operations.
Company updates also include dividends, normal course issuer bids, ETF launches and changes involving Sprott-branded funds and physical trusts. Product coverage includes critical materials ETFs such as the Sprott Rare Earths Ex-China ETF and fund actions involving the Sprott Physical Copper Trust, a vehicle created to hold physical copper metal.
Sprott Inc. (NYSE/TSX: SII) has announced the promotion of 10 new Managing Directors and appointed Maria Smirnova as Chief Investment Officer of Sprott Asset Management LP. This move recognizes the contributions of these individuals to the company's success and reflects Sprott’s diverse leadership. CEO Peter Grosskopf emphasized the importance of a leadership team that mirrors the company's multifaceted perspectives. Sprott remains focused on delivering specialized investment strategies in the precious metals and real asset sectors, further affirming its position as a market leader.
Sprott reported strong financial results for Q3 2021, with AUM reaching $19 billion, a 3% increase from Q2 2021 and a notable 9% rise from the start of the year. Management fees increased by 44% year-over-year to $28.6 million, while net fees rose by 38% to $26.1 million. The company successfully acquired Uranium Participation Corp., boosting assets and expanding its uranium strategy. Notably, Sprott's AUM surpassed $20 billion post-quarter. However, some investment gains declined significantly, highlighting mixed performance across different segments.
Sprott Inc. (NYSE/TSX: SII) announced an agreement to acquire an exclusive license for the North Shore Global Uranium Mining Index through its subsidiary, Sprott Asset Management. This suggests a move towards enhancing its position in the uranium sector. The acquisition is intended to reorganize the North Shore Global Uranium Mining ETF into the Sprott Uranium Miners ETF, pending approvals. This ETF will be advised by Sprott and sub-advised by ALPS Advisors. The reorganization aims to close in Q1 2022, aiming to offer investors direct exposure to uranium equities.
Sprott Inc. (SII) announced a third-quarter dividend of US$0.25 per common share, payable on November 30, 2021. Shareholders on record by November 15, 2021 will receive the dividend in either Canadian or U.S. dollars depending on their residency and broker participation. The dividend is classified as an eligible dividend for Canadian tax purposes. Sprott is recognized in the investment sector focusing on precious metals and real assets with global operations.
Sprott Inc. (NYSE:SII, TSX:SII) will host a conference call on November 5, 2021, at 10:00 a.m. ET to discuss its third-quarter 2021 results, with the financial results released at 7:00 a.m. ET the same day. Investors can participate by dialing (855) 458-4215 and using conference ID 3490247. A taped replay will be available until November 12, 2021. Sprott specializes in precious metals and real assets investments, providing various investment strategies, including Exchange Listed Products and Managed Equities. More information can be found at www.sprott.com.
Sprott Inc. (NYSE/TSX: SII) has appointed Barbara Connolly Keady and Catherine Raw to its board of directors. Connolly Keady's appointment is effective immediately, while Raw's will take effect on January 1, 2022. Chairman Ron Dewhurst emphasized the unique backgrounds and diverse experiences of the new appointees, which he believes will strengthen the board. Connolly Keady has 15 years in finance and asset management, while Raw has significant experience in mining operations and finance, currently serving as Barrick Gold’s COO for North America.
Sprott Inc. (NYSE/TSX: SII) announced strong Q2 2021 financial results with assets under management (AUM) growing to $18.6 billion, a 9% increase from Q1 2021. Adjusted base EBITDA reached $15.1 million ($0.60 per share), up 64% year-over-year. Notably, management fees surged 58% to $25.1 million, driven by robust inflows in physical trusts and higher average AUM. The company also formed the Sprott Physical Uranium Trust, adding $630 million in AUM. A quarterly dividend of $0.25 per share was declared.
Sprott Inc. (SII) has announced a second quarter 2021 dividend of US$0.25 per common share, payable on August 31, 2021. Shareholders must be on record by the close of business on August 16, 2021. Canadian residents will receive dividends in Canadian dollars based on the spot exchange rate, while international residents can opt for U.S. dollars. This dividend is classified as an eligible dividend for Canadian income tax purposes, reflecting Sprott's ongoing commitment to return value to its investors.
Sprott Inc. (NYSE:SII) announces a conference call on August 6, 2021, at 10:00 a.m. ET to discuss its Q2 2021 results. Financial results will be released on the same day at 7:00 a.m. ET. Interested participants can join by dialing (855) 458-4215 with conference ID 3486249. A recorded replay will be available until August 13, 2021, by calling (855) 859-2056. The call will also be webcast live on Sprott's website, providing investors with insights into the company's performance and strategies in the precious metals sector.
Sprott Inc. (NYSE/TSX:SII) announced the launch of the Sprott Physical Uranium Trust, now trading on the Toronto Stock Exchange under the symbols U.UN and U.U. This strategic move adds approximately US$600 million to Sprott's total assets under management (AUM) and positions the company in the clean energy metals sector. Sprott’s CEO highlighted the trust as the world's largest publicly listed physical uranium fund, aiming to leverage its brand and expertise to enhance the trust's liquidity and create shareholder value.