Sprott Launches Rare Earths Ex-China ETF

Rhea-AI Summary

Sprott (NYSE/TSX: SII) launched the Sprott Rare Earths Ex-China ETF (Nasdaq: REXC) on April 15, 2026, described as the only ETF focused on rare earths companies outside China based on Morningstar’s Natural Resources ETF universe as of 4/14/2026.

REXC seeks to track the Nasdaq Sprott Rare Earths Ex-China Index by investing at least 80% of assets in index securities and offers targeted exposure across mining, separation, refining and production outside China.

Positive

• Unique market positioning: Only ETF focused on rare earths ex-China (Morningstar universe, 4/14/2026)
• Index exposure: Commits to investing at least 80% of assets in the Nasdaq Sprott Rare Earths Ex-China Index

Negative

• Concentrated sector risk: Focused exposure to rare earths could amplify commodity and company-specific volatility
• Geopolitical sensitivity: Strategy is predicated on China’s dominance in rare earths, exposing the ETF to policy and supply-chain risk

News Market Reaction – SII

-3.39%

1 alert

-3.39% News Effect

On the day this news was published, SII declined 3.39%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Index exposure requirement: 80% Only ETF in category: 1 ETF Morningstar reference date: 04/14/2026

3 metrics

Index exposure requirement 80% Minimum of ETF total assets invested in securities of the Index

Only ETF in category 1 ETF Described as only ETF focused on rare earths companies outside China

Morningstar reference date 04/14/2026 Date of Morningstar universe data for Natural Resources Sector Equity ETFs

Market Reality Check

Price: $131.13 Vol: Volume 254,890 vs 20-day ...

normal vol

$131.13 Last Close

Volume Volume 254,890 vs 20-day average 203,261 ahead of the ETF launch news. normal

Technical Price 149.74 is trading above the 200-day MA at 98.68.

Peers on Argus

SII gained 2.1% while peers AAMI, RQI, TY and RVT rose between 0.78% and 1.55%, ...

SII gained 2.1% while peers AAMI, RQI, TY and RVT rose between 0.78% and 1.55%, and BIGZ slipped 0.98%, suggesting a broader positive tilt in related asset managers.

Historical Context

5 past events · Latest: Mar 12 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Mar 12	Index renaming	Neutral	-5.8%	Renaming of the index tracked by the Sprott Uranium Miners ETF.
Mar 06	Share repurchase plan	Positive	+0.3%	Renewal of normal course issuer bid to repurchase common shares.
Feb 19	Earnings results	Positive	+5.5%	Strong 2025 results with higher AUM, fees, net income and EBITDA.
Feb 18	Dividend declaration	Positive	+2.1%	Declaration of a US$0.40 per share fourth quarter 2025 dividend.
Feb 13	Earnings webcast date	Neutral	+4.2%	Announcement of timing for 2025 fourth quarter results release and webcast.

Pattern Detected

Fundamental positives like earnings growth and dividends have often seen positive price alignment, while more neutral operational updates sometimes show divergent reactions.

Recent Company History

Over the past few months, Sprott has highlighted several milestones. Strong 2025 results showed rising AUM and profitability, with the stock up 5.48% on that news. Dividend declarations and webcast scheduling also saw positive moves between 2.13% and 4.15%. In contrast, an index renaming for URNM on Mar 12, 2026 coincided with a -5.77% reaction. Today’s launch of a new rare earths ex-China ETF extends the firm’s critical materials ETF suite.

Market Pulse Summary

This announcement expands Sprott’s critical materials lineup with a rare earths ex-China ETF trackin...

Analysis

This announcement expands Sprott’s critical materials lineup with a rare earths ex-China ETF tracking the Nasdaq Sprott Rare Earths Ex-China™ Index and investing at least 80% of assets in index constituents. It builds on earlier growth in AUM and earnings, as shown in recent filings and results. Investors may watch subsequent AUM trends, fee generation from new products, and additional ETF launches across adjacent critical materials segments.

Key Terms

etf, index, rare earth elements, semiconductors, +1 more

5 terms

etf financial

"Sprott Rare Earths Ex-China ETF (Nasdaq: REXC) (the “ETF” or “REXC”)"

An ETF, or exchange-traded fund, is like a basket of different investments such as stocks or bonds that you can buy or sell easily on the stock market, just like a regular share. It allows people to invest in many companies at once, making it a simple way to grow savings without picking individual stocks.

index financial

"the total return performance of the Nasdaq Sprott Rare Earths Ex-China™ Index (NSREXC™)"

An index is a single number that tracks the combined performance of a group of stocks, bonds or other assets, acting like a market scorecard or thermometer for a particular industry, country or investment style. Investors use indexes to judge how a market or sector is doing, compare fund managers, and build or measure portfolios, since many funds aim to match or beat an index’s return.

rare earth elements technical

"Rare earth elements are critical inputs for advanced technologies across defense systems"

Rare earth elements are a set of 17 chemical metals used to make powerful magnets, batteries, catalysts and many tiny components inside electronics, renewable energy equipment and defense systems. They matter to investors because they are essential inputs for fast‑growing industries, and limited or concentrated supply can drive prices, create production bottlenecks or shift competitive advantage — like a factory running short of a specialized ingredient that halts output and affects profits.

semiconductors technical

"data centers, semiconductors, electric vehicles and energy infrastructure."

Materials and the electronic components made from them that control the flow of electricity inside devices, enabling functions like computing, sensing, and communication; think of them as the traffic controllers that let electrical signals move where they’re needed. They matter to investors because semiconductors are core to virtually all modern technology—changes in demand, production capacity, or supply chains can quickly affect the revenues and stock values of many companies across industries.

pure-play financial

"REXC offers investors a targeted way to access that opportunity through a pure-play2 ETF."

A pure-play company focuses almost entirely on a single product, service, or market rather than operating across many different lines. For investors, that makes the company’s performance a direct bet on one specific business — like backing a single-sport team instead of a multi-sport club — so returns can be clearer but also more volatile because there’s less built-in diversification.

AI-generated analysis. Not financial advice.

Only1 ETF Providing Focused Exposure to Rare Earths Companies Outside China

TORONTO, April 15, 2026 (GLOBE NEWSWIRE) -- Sprott Inc. (“Sprott”) (NYSE/TSX: SII) today announced the launch of the Sprott Rare Earths Ex-China ETF (Nasdaq: REXC) (the “ETF” or “REXC”), the only¹ ETF providing focused exposure to rare earths companies outside of China. 

Rare earth elements are critical inputs for advanced technologies across defense systems, artificial intelligence, data centers, semiconductors, electric vehicles and energy infrastructure. With China dominating global rare earths mining, refining and magnet production — and increasingly using that dominance as a geopolitical lever — secure, diversified supply chains have become a national security priority for the U.S. and its allies. 

“Rare earths sit at the intersection of national security, energy security and technological leadership,” said Steve Schoffstall, Managing Partner, Head of ETFs at Sprott. “As governments in developed countries accelerate efforts to secure non-China supply chains, we believe companies operating outside China across the rare earths value chain are strategically positioned. REXC offers investors a targeted way to access that opportunity through a pure-play² ETF.” 

The Sprott Rare Earths Ex-China ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Rare Earths Ex-China™ Index (NSREXC™) by investing at least 80% of its total assets in securities of the Index. The Index is designed to track the performance of global companies engaged in the mining, separation, refining and production of rare earth elements, while excluding companies domiciled in or primarily operating in China. 

REXC joins the Sprott Critical Materials ETF suite, which provides pure-play² exposure to rare earths, uranium, copper, lithium and nickel miners.

Sprott ETFs

Sprott Critical Materials ETFs

Sprott Critical Materials ETF (Nasdaq: SETM)

Sprott Uranium Miners ETF (NYSE Arca: URNM)

Sprott Junior Uranium Miners ETF (Nasdaq: URNJ)

Sprott Copper Miners ETF (Nasdaq: COPP)

Sprott Junior Copper Miners ETF (Nasdaq: COPJ)

Sprott Rare Earths Ex-China ETF (Nasdaq: REXC)

Sprott Lithium Miners ETF (Nasdaq: LITP)

Sprott Nickel Miners ETF (Nasdaq: NIKL)        

Sprott Diversified Metals & Mining ETFs

Sprott Active Metals & Miners ETF (Nasdaq: METL)

Sprott Precious Metals ETFs

Sprott Active Gold & Silver Miners ETF (Nasdaq: GBUG)

Sprott Gold Miners ETF (NYSE Arca: SGDM)

Sprott Junior Gold Miners ETF (NYSE Arca: SGDJ)

Sprott Silver Miners & Physical Silver ETF (Nasdaq: SLVR)

¹ Based on Morningstar’s universe of Natural Resources Sector Equity ETFs as of 4/14/2026.

² 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

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) 943-4394
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.

One cannot invest directly in an index.

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 market makers or “authorized participants” may trade directly with the fund, typically in blocks of 10,000 shares.

The Sprott Rare Earths Ex-China ETF and the Sprott Active Metals & Miners ETF are new and have limited operating history.

Nasdaq®, Nasdaq Sprott Rare Earths Ex-China™ Index and NSREXC™ are registered trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed for use by Sprott Asset Management LP. The Product(s) have not been passed on by the Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S).

Sprott Asset Management USA, Inc. is the Investment Adviser to the Sprott ETFs. 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.

© 2026 Sprott Inc. All rights reserved.

FAQ

What is the Sprott Rare Earths Ex-China ETF (Nasdaq: REXC) and who launched it?

REXC is an ETF launched by Sprott on April 15, 2026 providing focused exposure to rare earths companies outside China. According to Sprott, the fund tracks the Nasdaq Sprott Rare Earths Ex-China Index and targets non-China rare earths firms across the value chain.

How much of REXC's assets are invested in its benchmark index (Nasdaq Sprott Rare Earths Ex-China Index)?

REXC invests at least 80% of its total assets in securities of its benchmark index. According to Sprott, this 80% policy is intended to align the ETF’s returns, before fees and expenses, with the index’s total return performance.

What companies and activities does the REXC ETF target in its index?

The ETF targets global companies engaged in mining, separation, refining and production of rare earth elements outside China. According to Sprott, the index excludes companies domiciled in or primarily operating in China to focus on non-China supply chains.

Why does Sprott emphasize an ex-China rare earths ETF (REXC) for investors?

Sprott cites national security and supply-chain diversification as drivers for ex-China exposure in rare earths. According to Sprott, governments are accelerating efforts to secure non-China supply chains, positioning non-China companies strategically for investors seeking targeted exposure.

How does REXC fit within Sprott’s broader ETF lineup and thematic strategy?

REXC joins Sprott’s Critical Materials ETF suite alongside ETFs for uranium, copper, lithium and nickel miners. According to Sprott, the ETF complements existing funds to offer pure-play exposure to critical materials outside China across mining and processing.