TORONTO, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Sprott Inc. (NYSE/TSX: SII) (“Sprott” or the “Company”) today announced its financial results for the year ended December 31, 2024. Management commentary "Sprott’s Assets Under Management (“AUM”) ended the year at $31.5 billion, down 6% from $33.4 billion as at September 30, 2024, but up 10% from $28.7 billion as at December 31, 2023. 2024 was our seventh consecutive year of double-digit AUM growth and, subsequent to year-end, as at February 21, 2025, AUM had furt ...

Core Points - Sprott Inc. has declared a fourth quarter 2024 dividend of US$0.30 per common share, payable on March 25, 2025 [1] - The dividend will be paid in Canadian dollars for registered shareholders in Canada and in U.S. dollars for registered shareholders outside Canada, with options for beneficial holders to elect their currency [2] - The dividend is designated as an eligible dividend for Canadian income tax purposes [3] Company Overview - Sprott is a global asset manager focused on precious metals and critical materials investments, distinguishing itself through in-depth knowledge and specialized investment strategies [4] - The company operates offices in Toronto, New York, Connecticut, and California, and its common shares are listed on both the New York Stock Exchange and the Toronto Stock Exchange under the symbol SII [4]

Group 1 - Sprott Inc. plans to release its 2024 fourth quarter results on February 26, 2025, at 7:00 a.m. ET [1] - An earnings webcast will be hosted at 10:00 a.m. ET on the same day, featuring Sprott's CEO, CFO, and Asset Management CEO [1] - Research analysts covering the company are required to pre-register for the webcast [2] Group 2 - Sprott is a global asset manager specializing in precious metals and critical materials investments [3] - The company employs various investment strategies, including Exchange Listed Products, Managed Equities, and Private Strategies [3] - Sprott operates offices in Toronto, New York, Connecticut, and California, and its shares are listed on both the NYSE and TSX under the symbol SII [3]

Core Viewpoint - Sprott Inc. has launched the Sprott Active Gold & Silver Miners ETF (GBUG), an actively managed ETF aimed at long-term capital appreciation through investments in gold and silver mining companies, as well as royalty and streaming companies [1][2]. Group 1: ETF Overview - GBUG is Sprott's first active ETF, designed to capitalize on the potential catch-up of gold and silver mining stocks, which have historically lagged behind the prices of physical metals [2]. - The ETF combines active management expertise with the flexibility of an ETF structure, offering daily transparency, liquidity, and potential tax efficiency [2]. - The investment strategy of GBUG is value-oriented and contrarian, focusing on long-term business fundamentals and growth potential [1][2]. Group 2: Management Expertise - The investment team managing GBUG has over 100 years of collective experience in metals and mining, conducting more than 200 management meetings annually and periodic site visits to mining operations globally [2]. - Sprott Inc. is recognized for its specialized leadership in precious metals and mining investments, with over four decades of experience in the sector [2]. Group 3: Other Sprott ETFs - GBUG is one of four Sprott Precious Metals ETFs, which also include the Sprott Gold Miners ETF (SGDM), Sprott Junior Gold Miners ETF (SGDJ), and Sprott Silver Miners & Physical Silver ETF (SLVR) [1][2]. - Each of these ETFs has distinct investment strategies aimed at tracking the performance of different segments within the precious metals sector [2].

Group 1 - The Hecht Commodity Report is a comprehensive service covering market movements of over 29 different commodities, providing bullish, bearish, and neutral calls along with actionable trading recommendations [1] - The report offers a free trial and discounts for new subscribers for a limited time [1] - The author has positions in commodities markets, including futures, options, and commodity equities, which can change on an intraday basis [3] Group 2 - The investing group associated with the report provides directional trading recommendations and actionable ideas for traders [2] - The report emphasizes that past performance is not indicative of future results and does not provide specific investment advice [4]

Group 1 - Eric Sprott announced the expiration of 1,111,100 common share purchase warrants of Summa Silver Corp., representing a decrease of approximately 3.6% in holdings on a partially diluted basis [1] - Following the expiration, Mr. Sprott now beneficially owns 19,972,200 Shares and 1,875,000 Warrants, maintaining approximately 16.4% of the outstanding Shares on a non-diluted basis and approximately 17.7% on a partially diluted basis [2] - The expiration of the Warrants resulted in a change in partially diluted ownership of greater than 2%, necessitating an update to the early warning report [2] Group 2 - The securities held by Mr. Sprott are for investment purposes, with a long-term view, and he may acquire additional securities or sell existing ones depending on market conditions [3]

Core Points - Eric Sprott, through 2176423 Ontario Ltd., acquired 700,000 common shares of AbraSilver Resource Corp. at a price of $2.55 per share, totaling $1,785,000 [1] - Following the acquisition, Sprott's total holdings increased to 13,196,300 shares, representing approximately 9.3% of the outstanding shares, a decrease from 9.6% prior to the acquisition [2] - The acquisition led to a reduction in Sprott's holdings by approximately 3.3% since the last Early Warning Report, resulting in him and 2176423 Ontario Ltd. no longer being classified as insiders of AbraSilver Resource [2] Investment Intent - The securities are held for investment purposes, with a long-term view, and Sprott may acquire or sell additional securities depending on market conditions and other relevant factors [3]

Core Points - Manganese X Energy Corp. successfully closed a non-brokered private placement, raising gross proceeds of $2.1 million through the issuance of 60 million subscription receipts at a price of $0.035 each [1][2] - The proceeds will be held in escrow until necessary shareholder and regulatory approvals are obtained, including the creation of a new "Control Person" under TSX Venture Exchange policies [2][4] - Upon receiving approvals, each subscription receipt will convert into one unit, consisting of one common share and one-half of a share purchase warrant, with the warrant allowing the purchase of additional shares at $0.06 each within 36 months [3][5] Investment Details - Eric Sprott, through 2176423 Ontario Ltd., invested $2 million by subscribing for 57,142,857 subscription receipts, which will represent 26.63% of the outstanding shares (non-diluted) and 35.25% (partially diluted) upon conversion [5] - A shareholder meeting is scheduled for February 28, 2025, to approve Mr. Sprott as a new Control Person of the Company [6] Use of Proceeds - The net proceeds from the offering are intended to advance the Battery Hill Project in New Brunswick, including completing a pre-feasibility study, with some funds allocated for general working capital [7] - The offering utilized the TSXV's Minimum Price Exception, allowing issuances below $0.05 per subscription receipt [7] Company Overview - Manganese X aims to advance its Battery Hill project into production, becoming the first publicly traded manganese mining company in Canada and the US to commercialize high-purity manganese for the EV market [8]

Core Points - Manganese X Energy Corp. successfully closed a non-brokered private placement, raising gross proceeds of $2.1 million through the issuance of 60 million subscription receipts at a price of $0.035 each [1][2] - The proceeds will be held in escrow until necessary shareholder and regulatory approvals are obtained, including the creation of a new "Control Person" under TSX Venture Exchange policies [2][4] - Each subscription receipt will convert into one unit consisting of one common share and one-half of a share purchase warrant, with the warrant allowing the purchase of an additional share at $0.06 within 36 months [3] Investment Details - Eric Sprott, through 2176423 Ontario Ltd., invested $2 million by subscribing for 57,142,857 subscription receipts, which will represent 26.63% of the outstanding shares (non-diluted) and 35.25% (partially diluted) upon conversion [5] - A shareholder meeting is scheduled for February 28, 2025, to approve Mr. Sprott as a new Control Person of the Company [6] Use of Proceeds - The net proceeds from the offering are intended to advance the Battery Hill Project in New Brunswick, including completing a pre-feasibility study, with some funds allocated for general working capital [7] - The offering utilized the TSXV's Minimum Price Exception, allowing issuances below $0.05 per subscription receipt [7] Company Overview - Manganese X aims to advance its Battery Hill project into production, becoming the first publicly traded manganese mining company in Canada and the US to commercialize high-purity manganese for the EV market [8]

Group 1 - The article does not provide any relevant information regarding companies or industries [1][2][3][4]