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Sprott Inc. (TSX: SII) is a leading global asset manager offering investors access to a wide range of highly-differentiated precious metals and real assets investment strategies. Based in Toronto, with offices in Connecticut, Carlsbad, and Vancouver, Sprott specializes in providing investment solutions that set it apart from generalist asset managers, thanks to its deep industry knowledge, extensive experience, and robust relationships.
Core Business:
Sprott's comprehensive portfolio includes innovative physical bullion trusts, mining ETFs, and private equity and debt strategies. The company also engages in merchant banking and resource lending activities, partnering with natural resource companies to meet their capital needs. This diverse product offering ensures that both institutional and individual investors can find suitable investment options tailored to their specific goals.
Segments:
- Exchange Listed Products: This segment includes management services for Sprott’s closed-end physical trusts and exchange-traded funds (ETFs), both traded on public securities exchanges.
- Managed Equities: Sprott provides asset management and sub-advisory services to its branded funds, fixed-term limited partnerships (LPs), and managed accounts.
- Private Strategies: Through limited partnership vehicles, this segment focuses on lending and streaming activities.
- Corporate: This segment supports the company's subsidiaries through capital provision, balance sheet management, and enterprise shared services.
Recent Achievements and Projects:
Sprott continues to innovate in the field of precious metals and real assets investing. The company’s ability to adapt and grow in a rapidly changing market is evidenced by its robust financial performance and strategic partnerships. Sprott has successfully launched new investment products and expanded its market presence, ensuring steady growth and value creation for shareholders.
Financial Condition:
Sprott’s strong balance sheet and disciplined financial management practices underpin its operations. The company's strategic investments and prudent risk management have led to sustained profitability and operational stability.
Partnerships:
Sprott’s collaborations with natural resource companies are pivotal to its business model. These partnerships not only facilitate capital provision but also enable Sprott to leverage its expertise in resource lending and merchant banking, thereby enhancing its market position and offering superior investment opportunities to its clients.
Overall, Sprott Inc. stands out as a specialized asset manager with a clear focus on precious metals and real assets, making it a valuable choice for investors seeking unique investment strategies and reliable financial performance.
Sprott Inc. and Sprott Funds Trust announced today the acquisition of assets related to the North Shore Global Uranium Mining ETF (URNM). This acquisition transitions URNM to Sprott's management, with assets now totaling approximately $4.5 billion in uranium-related investments. The reorganization reflects increasing investor interest in uranium amid energy transition efforts. John Ciampaglia, CEO of Sprott Asset Management, noted the importance of uranium for clean energy and positioned URNM as a vital investment opportunity.
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.
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