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. (SII) generates a steady flow of news tied to its role as a global asset manager focused on precious metals and critical materials investments. Company announcements often highlight developments in its exchange listed products, including physical bullion trusts and ETFs that track metals and mining-related indices, as well as updates on assets under management and corporate actions.
News items frequently cover ETF launches and product milestones. Examples include the introduction of the Sprott Active Metals & Miners ETF (METL) and the Sprott Silver Miners & Physical Silver ETF (SLVR), as well as reports on asset growth in these funds. Sprott also issues releases about methodology changes to indices tracked by its ETFs, such as adjustments to the Solactive Junior Gold Miners Custom Factors Index for SGDJ or the North Shore Global Uranium Mining Index for URNM, explaining how eligibility and weighting rules evolve over time.
Investors following SII news can also expect financial and corporate updates. The company reports quarterly results, including assets under management by segment, management fee trends and net inflows, through earnings releases and accompanying webcasts. Dividend declarations, dividend increases and details of normal course issuer bids and automatic share purchase plans are also communicated via press releases that are furnished to regulators.
Other recurring topics include milestones for physical trusts, such as net asset value thresholds reached by the Sprott Physical Silver Trust (PSLV), and changes related to sub-advisors or portfolio managers for Sprott-branded funds. For anyone tracking Sprott’s role in metals and mining-focused asset management, this news feed provides a centralized view of product changes, index methodology updates, distribution policies and broader strategic commentary from management.
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Sprott Inc. (SII) announced its financial results for 2021, reporting a 23% increase in net income to $33.2 million ($1.33 per share) and an adjusted base EBITDA of $64.1 million ($2.58 per share), up 45% from 2020. The company's Assets Under Management (AUM) reached $20.4 billion, a growth of 18%. Significant drivers included a strong performance in the Exchange Listed Products segment, which saw net sales of $3.1 billion. In addition, Sprott launched the Physical Uranium Trust, positioning itself as a leader in uranium investments, as demand rises for low-carbon energy alternatives.
Sprott Inc. (NYSE/TSX: SII) has declared a fourth quarter 2021 dividend of US$0.25 per common share, payable on March 22, 2022. Shareholders on record by the close of business on March 7, 2022 will receive the dividend. Canadian residents will receive their dividends in Canadian dollars based on the spot exchange rate, while U.S. residents will get it in U.S. dollars. This dividend is designated as an eligible dividend for Canadian income tax purposes, affirming Sprott's commitment to returning value to its shareholders.
Sprott Inc. (NYSE:SII) will hold a conference call on February 25, 2022, at 10:00 a.m. ET to discuss its annual results for 2021. Financial results will be released at 7:00 a.m. ET the same day. Participants can join the call by dialing (855) 458-4215 and providing conference ID 6792729. A replay will be available until March 4, 2022. Sprott is a leader in precious metals and real assets investments, offering various specialized investment strategies. For more details, visit www.sprott.com.
Sprott Inc. (NYSE/TSX:SII) announced that its Private Resource Streaming and Royalty Fund has successfully closed, raising U.S.$701 million. This includes capital from a large institutional asset manager, bolstering Sprott's assets under management. The Fund has already deployed over U.S.$145 million through eight transactions, targeting investments in the growing global metals market. Limited partners include public pension plans and family offices, providing diversified exposure to commodity prices and production levels in precious and base metals.
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.