OTC Markets Group Welcomes Sprott Physical Uranium Trust to OTCQX

Rhea-AI Summary

OTC Markets Group Inc. (OTCM) announced that Sprott Physical Uranium Trust (OTCQX: SRUUF) has graduated to the OTCQX Best Market from the OTCQB Venture Market. This upgrade allows Sprott to showcase its compliance with high financial standards and improve visibility among U.S. investors. Starting today, SRUUF will trade on OTCQX, providing a secure investment option for uranium holdings. Nauth LPC served as the OTCQX sponsor.

Positive

• Sprott Physical Uranium Trust upgraded to OTCQX Best Market, enhancing visibility for U.S. investors.
• Compliance with high financial standards reflects positively on the trust's investment integrity.

Negative

• None.

NEW YORK, April 14, 2022 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for 12,000 U.S. and international securities, today announced Sprott Physical Uranium Trust (TSX: U.UN/U.U; OTCQX: SRUUF), has qualified to trade on the OTCQX® Best Market. Sprott Physical Uranium Trust upgraded to OTCQX from the OTCQB® Venture Market.

Sprott Physical Uranium Trust begins trading today on OTCQX under the symbol “SRUUF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

The OTCQX Market is designed for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market from the OTCQB Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors.

Nauth LPC acted as the company’s OTCQX sponsor.

About Sprott Physical Uranium Trust
The Sprott Physical Uranium Trust (“SPUT”) seeks to provide a secure, convenient and exchange-traded investment alternative for investors interested in holding uranium. SPUT invests and holds substantially all of its assets in uranium in the form of U3O8.

About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX^® Best Market, OTCQB^® Venture Market and Pink^® Open Market.

Our OTC Link^® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.

OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

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Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

FAQ

What does the upgrade to OTCQX mean for Sprott Physical Uranium Trust?

The upgrade to OTCQX indicates that Sprott Physical Uranium Trust meets high financial standards and enhances its visibility among U.S. investors.

When did Sprott Physical Uranium Trust start trading on OTCQX?

Sprott Physical Uranium Trust began trading on OTCQX on April 14, 2022.

What is the stock symbol for Sprott Physical Uranium Trust on OTCQX?

Sprott Physical Uranium Trust trades under the symbol 'SRUUF' on OTCQX.

Who acted as the sponsor for Sprott Physical Uranium Trust's OTCQX listing?

Nauth LPC acted as the sponsor for Sprott Physical Uranium Trust's OTCQX listing.

What is the main focus of Sprott Physical Uranium Trust?

The main focus of Sprott Physical Uranium Trust is to provide a secure and convenient investment alternative for holding uranium.