Sprott Stock Price, News & Analysis

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.

Sprott Inc. (NYSE/TSX: SII) announced the successful outcomes of its Annual Meeting held on May 7, 2021. All resolutions presented in the Management Information Circular dated March 22, 2021, received shareholder approval. During the meeting, Sprott's six nominated directors were elected with high majority votes: Ronald Dewhurst (99.041%), Graham Birch (99.553%), and others achieving over 87% approval. Additionally, KPMG LLP was re-appointed as Sprott's auditor with 99.814% votes in favor. Detailed voting results will be filed on SEDAR for shareholder review.

Sprott reported strong financial results for Q1 2021, with adjusted base EBITDA at $14.6 million ($0.59/share), up 78% year-over-year. Management fees rose to $22.5 million, while net income increased to $3.2 million. The company also announced a strategic agreement to manage Uranium Participation Corporation, potentially adding $500 million to assets under management (AUM), which currently stands at $17.1 billion. Despite a slight decline in AUM quarter-over-quarter, recent inflows have boosted it to $18.2 billion as of May 4, 2021.

Sprott Inc. (NYSE/TSX: SII) has declared a first quarter 2021 dividend of US$0.25 per common share, payable on June 1, 2021, to shareholders recorded by the close of business on May 17, 2021. Canadian residents will receive their dividends in Canadian dollars based on the exchange rate on the payment date, while non-residents will receive theirs in U.S. dollars, with options for currency elections. The dividend is classified as an eligible dividend for Canadian tax purposes.

Sprott Inc. (NYSE:SII) announced it will host a conference call on May 7, 2021, at 10:00 a.m. ET to discuss its first-quarter results for 2021. The financial results will be released earlier that day at 7:00 a.m. ET. Interested participants can join the call by dialing (855) 458-4215 and using conference ID 54907466. A replay will be available until May 14, 2021. Sprott is a leader in precious metal investments, offering specialized investment strategies, and operates from offices in Toronto, New York, and London. For more information, visit www.sprott.com.