Sprott Critical Materials ETF Reaches $100 Million in Assets

Rhea-AI Summary

Sprott Critical Materials ETF (Nasdaq: SETM) reached $100 million in assets under management as of September 23, 2025. SETM offers targeted, pure-play exposure to a broad range of critical materials and mining equities tied to electrification and energy security, including uranium, copper, lithium, nickel, cobalt, graphite, manganese, rare earths and silver.

The ETF tracks the Nasdaq Sprott Critical Materials™ Index and selects companies with a majority of business operations tied to critical materials, focusing on upstream activities like mining, exploration, production, recycling, refining and smelting. SETM is part of a seven-ETF Sprott Critical Materials suite.

Positive

• AUM $100M as of September 23, 2025
• Pure-play exposure across 10+ critical materials
• Part of seven-ETF suite offering diversified critical-materials access

Negative

• None.

The Only* ETF to Provide Pure-Play† Exposure to a Broad Range of Critical Materials and Mining Equities Essential to Meeting Growing Energy Demand

NEW YORK, Oct. 14, 2025 (GLOBE NEWSWIRE) -- Sprott Asset Management USA, Inc. today announced that its Sprott Critical Materials ETF (Nasdaq: SETM) (“SETM”) reached $100 million in assets under management as of September 23, 2025. SETM is the only* ETF to provide pure-play† exposure to a broad range of critical materials and mining equities essential to meeting growing demand for energy generation, transmission and storage. These critical minerals, metals and raw materials include uranium, copper, lithium, nickel, cobalt, graphite, manganese, rare earths and silver.

“As the gap between supply and demand of materials essential to electrification continues to grow, nations around the world are focusing on energy security and resource nationalism. They’re working to secure sources of materials, and we believe this is driving investment opportunities,” said John Ciampaglia, CFA, FCSI, Chief Executive Officer, Sprott Asset Management. “SETM provides exposure to a wide range of the critical materials sector with the convenience of a single ETF .”

SETM’s index uses a methodology that seeks pure-play exposure to each critical material. To be eligible for inclusion in the index, each company must have or expect to have a majority of its business operations related to critical materials. In addition, SETM focuses on companies involved in mining, exploration, development, production, recycling, refining, or smelting of critical materials, making them upstream in the critical materials supply chain. These companies may be well-positioned to benefit from the investment in the critical materials necessary to meet rising global demand for electricity.

SETM is part of the Sprott Critical Materials ETFs, a suite of seven ETFs that combine the flexibility, transparency, liquidity and potential tax efficiency of an ETF with exposure to a variety of critical materials and their miners. The suite includes:

Sprott Critical Materials ETFs
Sprott Critical Materials ETF	Nasdaq: SETM	Seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Critical Materials™ Index (NSETM™). The Index is designed to track the performance of a selection of global securities in the critical materials industry.
Sprott Uranium Miners ETF	NYSE Arca: URNM	Seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the North Shore Global Uranium Mining Index (URNMX). The Index is designed to track the performance of companies that devote at least 50% of their assets to the uranium mining industry, which may include mining, exploration, development and production of uranium, or holding physical uranium, owning uranium royalties or engaging in other non-mining activities that support the uranium mining industry.
Sprott Junior Uranium Miners ETF	Nasdaq: URNJ	Seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Junior Uranium Miners™ Index (NSURNJ™), which is designed to track the performance of mid-, small- and micro-cap companies in uranium mining-related businesses.
Sprott Copper Miners ETF	Nasdaq: COPP	Seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Copper Miners™ Index (NSCOPP™), which is designed to track the performance of a selection of global securities in copper mining-related businesses.
Sprott Junior Copper Miners ETF	Nasdaq: COPJ	Seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Junior Copper Miners™ Index (NSCOPJ™), which is designed to track the performance of mid-, small- and micro-cap companies in copper mining-related businesses.
Sprott Lithium Miners ETF	Nasdaq: LITP	Seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Lithium Miners™ Index (NSLITP™). The Index is designed to track the performance of a selection of global securities in the lithium industry, including lithium producers, developers and explorers.
Sprott Nickel Miners ETF	Nasdaq: NIKL	Seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Nickel Miners™ Index (NSNIKL™). The Index is designed to track the performance of a selection of global securities in the nickel industry, including nickel producers, developers and explorers.

Sprott also offers a range of other metals and mining ETFs:

Sprott Diversified Metals and Mining ETFs
Sprott Active Metals & Miners ETF	Nasdaq: METL	An actively managed ETF that aims to provide long-term capital appreciation by investing in companies across the metals and mining industry lifecycle, including miners, recyclers, and royalty and streaming companies associated with commodities that are in high global demand. The Fund’s investment strategy is value oriented and contrarian.
Sprott Precious Metals ETFs
Sprott Active Gold & Silver Miners ETF	Nasdaq: GBUG	An actively managed ETF that aims to provide long-term capital appreciation by investing in shares of gold- and silver-focused companies that are engaged in exploring, developing and mining; or royalty and streaming companies engaged in the financing of gold and silver assets. The investment strategy of the Fund is value oriented and contrarian.
Sprott Gold Miners ETF	NYSE Arca: SGDM	Seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the Solactive Gold Miners Custom Factors Index (Index Ticker: SOLGMCFT). The Index aims to track the performance of larger-sized gold companies whose stocks are listed on Canadian and major U.S. exchanges.
Sprott Junior Gold Miners ETF	NYSE Arca: SGDJ	Seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the Solactive Junior Gold Miners Custom Factors Index (Ticker: SOLJGMFT). The Index aims to track the performance of small-capitalization gold companies whose stocks are listed on regulated exchanges.
Sprott Silver Miners & Physical Silver ETF	Nasdaq: SLVR	Seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, Nasdaq Sprott Silver Miners™ Index (NSLVR™), by investing at least 80% of its total assets in securities of NSLVR. The Nasdaq Sprott Silver Miners Index is designed to track the performance of a selection of securities in the silver industry, including silver producers, developers and explorers, and physical silver.

* Based on Morningstar’s universe of Natural Resources Sector Equity ETFs as of 10/x/2025.

† The term “pure-play” relates directly to the exposure that the Fund has to the total universe of investable, publicly listed securities in the investment strategy.

About Sprott Asset Management USA, Inc.

Sprott Asset Management USA, Inc. is a wholly-owned subsidiary of Sprott Inc. (“Sprott”). Sprott is a global asset manager focused on precious metals and critical materials investments. We are specialists. We believe our in-depth knowledge, experience and relationships separate us from the generalists. Our investment strategies include Exchange Listed Products, Managed Equities and Private Strategies. Sprott has offices in Toronto, New York, Connecticut and California, and the company’s common shares are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol (SII). For more information, please visit www.sprott.com.

Contact:
Glen Williams
Senior Managing Partner
Investor and Institutional Client Relations
Direct: (416) 943-43945
gwilliams@sprott.com

Dan Gagnier
Gagnier Communications
Direct: (646) 569-5897
sprott@gagnierfc.com

Important Disclosures

An investor should consider the investment objectives, risks, charges, and expenses of each fund carefully before investing. To obtain a fund’s Prospectus, which contains this and other information, contact your financial professional, call 1.888.622.1813 or visit SprottETFs.com. Read the Prospectus carefully before investing.

Exchange Traded Funds (ETFs) are considered to have continuous liquidity because they allow for an individual to trade throughout the day, which may indicate higher transaction costs and result in higher taxes when fund shares are held in a taxable account.

The funds are non-diversified and can invest a greater portion of assets in securities of individual issuers, particularly those in the natural resources and/or precious metals industry, which may experience greater price volatility. Relative to other sectors, natural resources and precious metals investments have higher headline risk and are more sensitive to changes in economic data, political or regulatory events, and underlying commodity price fluctuations. Risks related to extraction, storage and liquidity should also be considered.

Shares are not individually redeemable. Investors buy and sell shares of the funds on a secondary market. Only “authorized participants” may trade directly with the funds, typically in blocks of 10,000 shares.

The Sprott Active Metals & Miners, Sprott Active Gold & Silver Miners and Sprott Silver Miners & Physical Silver ETFs are new and have limited operating history.

One cannot invest directly in an index.

Sprott Asset Management USA, Inc. is the Investment Adviser to the Sprott Active Gold & Silver Miners ETF. ALPS Distributors, Inc. is the Distributor for the Sprott ETFs and is a registered broker-dealer and FINRA Member.

ALPS Distributors, Inc. is not affiliated with Sprott Asset Management USA, Inc.

© 2025 Sprott Inc. All rights reserved.

FAQ

When did Sprott Critical Materials ETF (SETM) reach $100 million in assets?

SETM reached $100 million AUM as of September 23, 2025.

What materials does Sprott Critical Materials ETF (SETM) provide exposure to?

SETM targets critical materials including uranium, copper, lithium, nickel, cobalt, graphite, manganese, rare earths, and silver.

What index does SETM track and what is eligibility for inclusion?

SETM seeks to track the Nasdaq Sprott Critical Materials™ Index; eligible companies must have or expect a majority of operations tied to critical materials.

How is SETM positioned in the Sprott ETF lineup?

SETM is part of a seven-ETF Sprott Critical Materials suite offering targeted ETFs across uranium, copper, lithium, nickel and related miners.

Which activities in the supply chain does SETM emphasize for included companies?

SETM focuses on upstream activities: mining, exploration, development, production, recycling, refining, and smelting.

Does SETM aim for pure-play exposure and what does that mean for investors?

Yes; SETM uses a methodology seeking pure-play exposure, meaning included firms primarily derive business from critical materials.