Sprott Physical Uranium Trust Raises US$25.55 Million Through Non-Brokered Private Placement
Sprott Physical Uranium Trust (SPUT) has successfully completed a US$25.55 million non-brokered private placement of trust units. The funds will be used to cover the Trust's general operating expenses for the upcoming year. SPUT, launched in 2021, has accumulated approximately 48 million pounds of U3O8 without selling or lending any uranium.
Post-offering key statistics reveal SPUT as the world's largest physical uranium fund with 166.2 million pounds of physical uranium, US$31.4 million in net cash, and a net asset value of US$4.64 billion. The Trust stores uranium across facilities in Canada, the United States, and France.
Sprott Physical Uranium Trust (SPUT) ha completato con successo un collocamento privato non mediato da broker per 25,55 milioni di dollari USA di unità del trust. I fondi saranno utilizzati per coprire le spese operative generali del Trust per l'anno a venire. SPUT, lanciato nel 2021, ha accumulato circa 48 milioni di libbre di U3O8 senza vendere o prestare uranio.
Le statistiche chiave dopo l'offerta mostrano SPUT come il più grande fondo fisico di uranio al mondo con 166,2 milioni di libbre di uranio fisico, 31,4 milioni di dollari USA in liquidità netta e un valore patrimoniale netto di 4,64 miliardi di dollari USA. Il Trust conserva l'uranio in strutture situate in Canada, Stati Uniti e Francia.
Sprott Physical Uranium Trust (SPUT) ha completado con éxito una colocación privada no intermediada por corredores por 25,55 millones de dólares estadounidenses de unidades del fideicomiso. Los fondos se utilizarán para cubrir los gastos operativos generales del Fideicomiso para el próximo año. SPUT, lanzado en 2021, ha acumulado aproximadamente 48 millones de libras de U3O8 sin vender ni prestar uranio.
Las estadísticas clave posteriores a la oferta revelan que SPUT es el fondo físico de uranio más grande del mundo con 166,2 millones de libras de uranio físico, 31,4 millones de dólares estadounidenses en efectivo neto y un valor neto de activos de 4,64 mil millones de dólares estadounidenses. El Fideicomiso almacena uranio en instalaciones en Canadá, Estados Unidos y Francia.
Sprott Physical Uranium Trust (SPUT)는 2555만 달러 규모의 중개인 없는 사모 배정을 성공적으로 완료했습니다. 이 자금은 신탁의 차년도 일반 운영 비용을 충당하는 데 사용될 예정입니다. 2021년에 시작된 SPUT는 우라늄을 판매하거나 대여하지 않고 약 4800만 파운드의 U3O8를 축적했습니다.
공모 이후 주요 통계에 따르면 SPUT는 세계 최대의 물리적 우라늄 펀드로, 1억 6620만 파운드의 물리적 우라늄, 3140만 달러의 순현금, 그리고 46억 4000만 달러의 순자산 가치를 보유하고 있습니다. 신탁은 캐나다, 미국, 프랑스의 시설에 우라늄을 보관하고 있습니다.
Sprott Physical Uranium Trust (SPUT) a réussi une émission privée sans intermédiaire de 25,55 millions de dollars US d’unités du trust. Les fonds seront utilisés pour couvrir les dépenses opérationnelles générales du Trust pour l’année à venir. Lancé en 2021, SPUT a accumulé environ 48 millions de livres d’U3O8 sans vendre ni prêter d’uranium.
Les statistiques clés post-émission révèlent que SPUT est le plus grand fonds physique d’uranium au monde avec 166,2 millions de livres d’uranium physique, 31,4 millions de dollars US en liquidités nettes, et une valeur nette d’actifs de 4,64 milliards de dollars US. Le Trust stocke l’uranium dans des installations situées au Canada, aux États-Unis et en France.
Sprott Physical Uranium Trust (SPUT) hat erfolgreich eine privat platzierte, nicht vermittelte Kapitalerhöhung in Höhe von 25,55 Millionen US-Dollar abgeschlossen. Die Mittel werden zur Deckung der allgemeinen Betriebskosten des Trusts für das kommende Jahr verwendet. SPUT, das 2021 gestartet wurde, hat etwa 48 Millionen Pfund U3O8 angesammelt, ohne Uran zu verkaufen oder zu verleihen.
Nach dem Angebot zeigen die wichtigsten Kennzahlen, dass SPUT der weltweit größte physische Uranfonds ist, mit 166,2 Millionen Pfund physischem Uran, 31,4 Millionen US-Dollar an Nettobarmitteln und einem Nettovermögenswert von 4,64 Milliarden US-Dollar. Der Trust lagert Uran in Einrichtungen in Kanada, den Vereinigten Staaten und Frankreich.
- Successful raise of US$25.55 million through private placement
- Strong commitment to not sell uranium holdings, maintaining investor value
- Significant scale with 166.2 million pounds of physical uranium and US$4.64 billion NAV
- Management participation in the placement demonstrates alignment with unitholders
- Funds raised will be used for operating expenses rather than uranium purchases
- Potential dilution for existing unitholders from the private placement
TORONTO, May 12, 2025 (GLOBE NEWSWIRE) -- Sprott Inc. (NYSE/TSX: SII) (“Sprott”) on behalf of the Sprott Physical Uranium Trust (TSX: U.UN) (TSX: U.U) (“SPUT” or the “Trust”) today announced that SPUT has completed a US
“We launched SPUT with the objective of providing investors with the most liquid and efficient way to invest in physical uranium,” said John Ciampaglia, CEO of Sprott Asset Management. “Since the Trust was launched in 2021, it has purchased approximately 48 million pounds of U3O8 and not sold or loaned out a single pound. I would like to take this opportunity to strongly reiterate that SPUT has the tools, including this private placement, to deliver on its intention not to sell any of the physical uranium that SPUT holds on behalf of thousands of investors. Sprott Asset Management participated in this placement alongside the subscribers and we thank all our unitholders for their continued support of SPUT.”
Key SPUT Statistics Pro Forma for the Offering:
- World’s largest physical uranium fund1
- 66.2 million pounds of physical uranium in U3O8 form
- US
$31.4 million of net cash - Net asset value of US
$4.64 billion - Storage locations in Canada, the United States and France
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.
About SPUT
Important information about SPUT, including its investment objectives and strategies, applicable management fees, and expenses, can be found on its website at www.sprott.com. Commissions, management fees, or other charges and expenses may be associated with investing in the Trust. The performance of the Trust is not guaranteed, its value changes frequently and past performance is not an indication of future results.
Caution Regarding Forward-Looking Statements
This press release contains forward-looking information within the meaning of applicable Canadian securities laws (“forward looking statements”). Forward-looking statements in this press release include, without limitation, the intended use of proceeds and the Trust’s intentions with respect to the sale of physical uranium. With respect to the forward-looking statements contained in this press release, the Trust has made numerous assumptions regarding, among other things: the uranium and nuclear energy market. While the Trust considers these assumptions to be reasonable, these assumptions are inherently subject to significant business, economic, competitive, market and social uncertainties and contingencies. Additionally, there are known and unknown risk factors that could cause the Trust’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements contained in this press release. A discussion of risks and uncertainties facing the Trust appears in the Trust’s continuous disclosure filings, which are available at www.sedarplus.ca. All forward-looking statements herein are qualified in their entirety by this cautionary statement, and the Trust disclaims any obligation to revise or update any such forward-looking statements or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments, except as required by law.
Investor Contact:
Glen Williams
Senior Managing Partner
Investor and Institutional Client Relations
Direct: 416-943-4394
gwilliams@sprott.com
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1 Based on Morningstar's universe of listed commodity funds. Data as of 12/31/2024.
FAQ
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