Sprott Inc., on behalf of the Sprott Physical Uranium Trust (SPUT), announced on May 12, 2025, the completion of a US$25.55 million non-brokered private placement of trust units. The proceeds from this financing are designated to cover the Trust's general operating expenses for the upcoming year.
Sprott Asset Management participated in this private placement alongside other subscribers, demonstrating its continued support for SPUT. Since its launch in 2021, SPUT has purchased approximately 48 million pounds of U3O8 and has not sold or loaned out any physical uranium.
This financing reinforces SPUT's objective of providing investors with a liquid and efficient way to invest in physical uranium without the intention of selling its physical holdings. This strategy aligns with the long-term investment thesis for uranium.
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