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Excellon raises C$8M in private placement backed by Eric Sprott
Proactiveinvestors NA· 2025-05-14 17:47
About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...
Sprott Physical Uranium Trust Raises US$25.55 Million Through Non-Brokered Private Placement
Globenewswire· 2025-05-12 11:00
TORONTO, May 12, 2025 (GLOBE NEWSWIRE) -- Sprott Inc. (NYSE/TSX: SII) ("Sprott") on behalf of the Sprott Physical Uranium Trust (TSX: U.UN) (TSX: U.U) ("SPUT" or the "Trust") today announced that SPUT has completed a US$25.55 million non-brokered private placement of trust units. The proceeds are expected to be used to cover general operating expenses of the Trust for the next year. "We launched SPUT with the objective of providing investors with the most liquid and efficient way to invest in physical urani ...
Sprott(SII) - 2025 Q1 - Quarterly Report
2025-05-07 11:00
Table of Contents Letter to shareholders 2 Management's Discussion and Analysis 4 Consolidated Financial Statements 22 Notes to the Consolidated Financial Statements 27 Dear fellow shareholders, Q1 2025 Review Sprott's Assets Under Management ("AUM") ended the first quarter of 2025 at $35.1 billion, up 11% from $31.5 billion as at December 31, 2024. Our AUM growth during the quarter was driven by surging gold prices and strong inflows to our physical gold and silver strategies. During the first three months ...
Sprott Announces First Quarter 2025 Results
Globenewswire· 2025-05-07 11:00
Core Insights - Sprott Inc. reported a significant increase in Assets Under Management (AUM), reaching $35.1 billion as of March 31, 2025, which is an 11% increase from $31.5 billion at the end of 2024, driven by rising gold prices and strong inflows into physical gold and silver strategies [2][4][7] AUM Highlights - AUM growth was attributed to over $3.1 billion in market value appreciation and approximately $407 million in net inflows during the first quarter of 2025 [2][4] - As of May 2, 2025, AUM further increased to $36.5 billion, reflecting an additional $816 million in net inflows and $629 million in market value appreciation [2][7] Revenue Highlights - Management fees for the quarter were $40 million, up 9% from $36.6 million in Q1 2024, primarily due to higher average AUM [8] - Net fees also increased by 9% to $35.6 million compared to $32.7 million in the same quarter last year [8] - Commission revenues decreased significantly by 73% to $0.3 million, attributed to a lack of at-the-market activity in critical materials [8] Expense Highlights - Net compensation expense rose by 8% to $17.5 million, driven by higher incentive compensation linked to increased net fee generation [8] - SG&A expenses slightly decreased by 1% to $4.1 million, mainly due to lower marketing costs [8] Earnings Summary - Net income for the quarter was $12 million ($0.46 per share), a 3% increase from $11.6 million ($0.45 per share) in Q1 2024 [8] - Adjusted EBITDA was reported at $21.9 million ($0.85 per share), up 11% from $19.8 million ($0.78 per share) in the same quarter last year [8] Dividend Announcement - The Board of Directors declared a quarterly dividend of $0.30 per share on May 6, 2025 [9] Company Overview - Sprott is a global asset manager specializing in precious metals and critical materials investments, with a diverse product suite that includes Exchange Listed Products, Managed Equities, and Private Strategies [35]
Sprott Inc. Declares First Quarter 2025 Dividend
Globenewswire· 2025-05-06 18:37
TORONTO, May 06, 2025 (GLOBE NEWSWIRE) -- Sprott Inc. (“Sprott” or the “Company”) (NYSE/TSX: SII) announced today that its Board of Directors has declared a first quarter 2025 dividend of US$0.30 per common share, payable on June 4, 2025 to shareholders of record at the close of business on May 20, 2025. Registered shareholders who are residents of Canada as reflected in the Company’s shareholders register, as well as beneficial holders (i.e., shareholders who hold their common shares through a broker or ot ...
Sprott Physical Silver Trust Updates Its “At-the-Market” Equity Program
GlobeNewswire News Room· 2025-05-02 13:41
TORONTO, May 02, 2025 (GLOBE NEWSWIRE) -- Sprott Asset Management LP (“Sprott Asset Management”), a subsidiary of Sprott Inc., on behalf of the Sprott Physical Silver Trust (NYSE: PSLV) (TSX: PSLV / PSLV.U) (the “Trust”), a closed-ended mutual fund trust created to invest and hold substantially all of its assets in physical silver bullion, today announced that it has updated its at-the-market equity program to issue up to U.S.$1 billion of units of the Trust (“Units”) in the United States and Canada. Distri ...
Sprott Physical Gold and Silver Trust Updates Its “At-the-Market” Equity Program
GlobeNewswire News Room· 2025-05-02 13:40
Core Viewpoint - Sprott Asset Management has announced an update to its at-the-market equity program, allowing the issuance of up to U.S.$250 million in units of the Sprott Physical Gold and Silver Trust, aimed at investing in physical gold and silver bullion [1][4]. Group 1: Equity Program Details - The updated at-the-market equity program will be executed under an amended sales agreement, with distributions occurring in the U.S. and Canada [2][3]. - The sales of units will be conducted through various agents, including Cantor Fitzgerald and BMO Capital Markets, with sales prices varying based on market conditions at the time of sale [3][4]. - The Trust will determine the volume and timing of distributions at its discretion, intending to use proceeds to acquire physical gold and silver bullion [4]. Group 2: Offering Documents - The offering is made pursuant to a prospectus supplement dated May 2, 2025, which is part of the Trust's registration statement filed with the SEC [5]. - The U.S. and Canadian prospectus supplements are available on the SEC and SEDAR+ websites, respectively [5][6]. Group 3: Company Background - Sprott Asset Management is a subsidiary of Sprott Inc., specializing in precious metals and critical materials investments, with a focus on various investment strategies [8]. - The Trust's investment objectives, management fees, and expenses are detailed in its annual information form for the year ended December 31, 2024 [9].
Sprott Announces Date for 2025 First Quarter Results Webcast
Globenewswire· 2025-05-01 20:10
Group 1 - Sprott Inc. plans to release its 2025 first quarter results on May 7, 2025, at 7:00 a.m. ET [1] - An earnings webcast will be held on the same day at 10:00 a.m. ET, hosted by CEO Whitney George, CFO Kevin Hibbert, and CEO of Sprott Asset Management John Ciampaglia [1] - The webcast can be accessed through a provided link [2] Group 2 - Sprott is a global asset manager specializing in precious metals and critical materials investments, with a focus on in-depth knowledge and relationships [4] - The company offers various investment strategies, including Exchange Listed Products, Managed Equities, and Private Strategies [4] - Sprott has offices in Toronto, New York, Connecticut, and California, and its shares are listed on both the NYSE and TSX under the symbol SII [4]
Investors should be more nervous about equity markets than gold above $3,000 - Sprott's Ryan McIntyre
KITCO· 2025-04-24 18:59
Neils ChristensenNeils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada. He has worked exclusively within the financial sector since 2007, when he started with the Canadian Economic Press. Neils can be contacted at: 1 866 925 4826 ext. 1526 nchristensen at kitco.com @Neils_cShareDisclaimer: The views expressed ...
Cabral Gold Announces an up to $10 Million Best Efforts Financing Including an Investment by Mr. Eric Sprott
Newsfile· 2025-04-23 20:05
Cabral Gold Announces an up to $10 Million Best Efforts Financing Including an Investment by Mr. Eric SprottApril 23, 2025 4:05 PM EDT | Source: Cabral Gold Inc.Vancouver, British Columbia--(Newsfile Corp. - April 23, 2025) - Cabral Gold Inc. (TSXV: CBR) (OTC Pink: CBGZF) ("Cabral" or the "Company") is pleased to announce that it has entered into an agreement with Paradigm Capital Inc. as sole agent (the "Agent"), in connection with a proposed best efforts financing (the "Offering") for total ...