Sprott Inc., on behalf of the Sprott Physical Uranium Trust (SPUT), announced on June 20, 2025, the closing of its upsized bought deal public offering. The offering involved the issuance of 11,600,000 units at a price of US$17.25 per unit, generating total gross proceeds of approximately US$200 million.
The net proceeds from this significant financing will be used by the Trust to acquire physical uranium in the form of uranium oxide in concentrates. This action reinforces SPUT's objective and its position as the world's largest physical uranium fund.
This transaction, along with a non-brokered private placement completed in May and the Trust's at-the-market equity program, demonstrates SPUT's ability to raise capital through various methods. The long-term investment thesis for uranium continues to improve with a global nuclear renaissance.
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