Core Insights - The article discusses the current trends and movements in the gold market, highlighting significant price fluctuations and market dynamics [1]. Group 1: Market Trends - Gold prices are experiencing notable changes, with specific figures indicating a recent increase in value [1]. - The article mentions various metrics related to gold reserves and market performance, suggesting a growing interest in gold as a safe-haven asset [1]. Group 2: Industry Analysis - The gold industry is facing challenges and opportunities, with market participants closely monitoring price movements and economic indicators [1]. - The article emphasizes the importance of understanding market sentiment and external factors influencing gold prices, such as geopolitical events and economic data [1].

Not for distribution to U.S. newswire services or for dissemination in the United States. TORONTO, March 11, 2025 (GLOBE NEWSWIRE) -- Sprott Asset Management LP (“Sprott Asset Management”), a subsidiary of Sprott Inc. (“Sprott”) (NYSE/TSX: SII), announced today on behalf of the Sprott Physical Copper Trust (TSX: COP.UN) (TSX: COP.U) (“COP” or the “Trust”) that the Trust has entered into an arrangement with a specialized trading house to ship suitable copper (COMEX registered brands) to the United States (“U ...

TORONTO, March 06, 2025 (GLOBE NEWSWIRE) -- Sprott Inc. (NYSE/TSX: SII) (“Sprott” or the “Company”) announced today that the Toronto Stock Exchange (“TSX”) has approved the Company’s notice of intention to make a normal course issuer bid ("NCIB"). Pursuant to the terms of the NCIB, Sprott may purchase its own common shares for cancellation through the facilities of the TSX, alternative Canadian trading systems and/or the New York Stock Exchange, in each case in accordance with the applicable requirements, t ...

Eric Sprott Announces Changes to His Holdings in Golden Lake Exploration Inc.March 06, 2025 8:13 AM EST | Source: Eric SprottToronto, Ontario--(Newsfile Corp. - March 6, 2025) -  Eric Sprott announces that, on March 5, 2025, 2,222,222 common share purchase warrants (Warrants) of Golden Lake Exploration Inc., held by 2176423 Ontario Ltd., a corporation beneficially owned by him, expired unexercised representing a decrease in holdings of approximately 6.4% of the outstanding common shares (Share ...

Eric Sprott Announces Holdings in Manganese X Energy Corp.March 06, 2025 8:03 AM EST | Source: Eric SprottToronto, Ontario--(Newsfile Corp. - March 6, 2025) -  Eric Sprott announces that, on March 5, 2025, 2176423 Ontario Ltd., a corporation beneficially owned by him, acquired 57,142,857 common shares (Shares) and 28,571,428 Share purchase warrants (Warrants) of Manganese X Energy Corp. pursuant to the automatic conversion of 57,142,857 subscription receipts (Subscription Receipts) of Manganes ...

RETRANSMISSION: Manganese X Energy Corp. Announces Conversion of Subscription Receipts from $2.1 Million Private Placement, Including Investment from New Control Person Eric SprottMarch 06, 2025 7:00 AM EST | Source: Manganese X Energy Corp.Montreal, Quebec--(Newsfile Corp. - March 6, 2025) - Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC) (TRADEGATE: 9SC) ("Manganese X" or the "Company") is pleased to announce that following the closing of its $2,100,000 offering (the "Offering") of 60,000,000 ...

Core Viewpoint - Manganese X Energy Corp. has successfully closed a $2.1 million offering, converting subscription receipts into units and releasing escrowed funds to advance its Battery Hill Project in New Brunswick [1][2][4]. Group 1: Offering Details - The offering consisted of 60,000,000 subscription receipts priced at $0.035 each, resulting in gross proceeds of $2,100,000 [1]. - A significant portion of the offering, 57,142,857 subscription receipts, was issued to 2176423 Ontario Ltd., controlled by Eric Sprott, for gross proceeds of $2,000,000 [2]. - Each unit from the offering includes one common share and one-half of a share purchase warrant, with the whole warrant allowing the purchase of an additional share at $0.06 for 36 months [3]. Group 2: Use of Proceeds - Proceeds from the offering will primarily support the advancement of the Battery Hill Project, including the completion of a pre-feasibility study, with some funds allocated for general working capital [6]. - The company confirms that no proceeds will be used for payments to non-arm's length parties or investor relations activities [6]. Group 3: Company Mission and Goals - Manganese X aims to become the first publicly traded manganese mining company in Canada and the US to commercialize high purity manganese for the EV supply chain [7]. - The company is focused on supplying value-added materials to the lithium-ion battery and alternative energy industries while striving for more efficient and carbon-friendly processing methodologies [7].

Financial Data and Key Metrics Changes - In Q4 2024, the company's AUM decreased by 6% to $31.5 billion from $33.4 billion in the previous quarter, but increased by 10% from $28.7 billion at the end of 2023 [12] - Net income for Q4 was $11.7 million, up 21% from $9.7 million in the same period last year, and full-year net income was $49.3 million, up 18% from $41.8 million [14] - Adjusted base EBITDA for Q4 was $22.4 million, up 19% from $18.8 million year-over-year, and full-year adjusted base EBITDA was $85.2 million, up 18% from $71.9 million [15] Business Line Data and Key Metrics Changes - Managed equity strategies performed well, with certain funds generating performance fees, despite a 9.3% decline in the flagship gold equity fund in Q4 [31] - The private strategies segment had AUM of $2.3 billion as of December 31, 2024, with ongoing monitoring of investments [33] Market Data and Key Metrics Changes - The company experienced strong AUM growth in 2024, driven by rising precious metal prices and nearly $700 million in net sales, primarily in exchange-listed products [9] - The spot uranium price saw a material correction, closing the year down 19.7%, while copper prices fell 20% from their peak [37] Company Strategy and Development Direction - The company plans to continue expanding its exchange-listed product offerings, having launched three critical mineral strategies in 2024 and two new precious metals ETFs in 2025 [39] - The focus on physical ownership of precious metals is emphasized as a key strategy, especially in light of recent market turmoil [41] Management's Comments on Operating Environment and Future Outlook - Management noted that rising precious metals prices were the main driver of asset growth in 2024, a trend that has continued into early 2025 [34] - Concerns over potential tariffs on precious metals have created premium prices in the US market, indicating a need for adaptation in the physical markets [36] Other Important Information - The company became debt-free in Q4 2024 and raised its quarterly dividend by 20% in November [10][16] - The company is committed to returning excess cash flow to shareholders through dividends and share repurchases [82] Q&A Session Summary Question: Expectations for the uranium market and spot prices - Management indicated that uncertainties regarding tariffs and geopolitical factors are creating downward pressure on uranium spot prices, with a lack of clarity expected to persist for the next couple of quarters [50][51] Question: Demand for an ETF focusing on material producers in friendly geographies - Management acknowledged that tariffs could incentivize reshoring of uranium and copper mining in the US, potentially giving local producers a cost advantage [54] Question: Trends in comp ratio for 2025 - Management suggested that the comp ratio is expected to remain in the mid- to high-40% range through 2025 [58] Question: Geographic demand for physical gold ETFs - Management noted that there has been renewed interest in gold products, particularly from US institutions, as they reassess risks in their portfolios [66] Question: Flows for Q1 2025 - The Physical Gold Trust is seeing the most traction and global flows, with expectations for continued interest in gold and silver products [85][87]

2024 Annual Results February 26, 2025 NYSE/TSX:SII Forward-looking Statements Sprott Inc. | 2 Speakers Whitney George, CEO, Sprott Inc. Kevin Hibbert, CFO, Sprott Inc. John Ciampaglia, CEO, Sprott Asset Management Sprott Inc. | 3 2024 Review Certain statements in this presentation or the accompanying oral remarks contain forward-looking information and forward-looking statements (collectively referred to herein as the "Forward-Looking Statements") within the meaning of applicable Canadian and U.S. securitie ...

Financial Performance - As of December 31, 2024, the Company reported a net income of $11.68 million for the three months ended, compared to $9.66 million for the same period in 2023, representing a 21% increase[86]. - The adjusted base EBITDA for the twelve months ended December 31, 2024, was $85.16 million, up from $71.89 million in 2023, reflecting an increase of 18%[86]. - The net income margin for the twelve months ended December 31, 2024, was 28%, consistent with the previous year[86]. - The Company reported net revenues of $64.5 million for the three months ended December 31, 2024, compared to $40.3 million for the same period in 2023, indicating a 60% increase[86]. - Total net revenues for the year ended December 31, 2024 were $178.655 million, an increase from $151.367 million in 2023[96]. - Net income for the year ended December 31, 2024 was $49.294 million, compared to $41.799 million in 2023[96]. - Basic net income per share rose to $1.94 in 2024, compared to $1.66 in 2023, marking an increase of 16.8%[199]. - Total revenues for the year ended December 31, 2024, were $178,655 thousand, representing an increase of 18% compared to $151,367 thousand in 2023[199]. Assets and Liabilities - Total assets as of December 31, 2024 were $388.798 million, up from $378.835 million in 2023[97]. - Total liabilities as of December 31, 2024 were $65.150 million, down from $73.130 million in 2023[97]. - AUM ended the year at $31.5 billion, down 6% from $33.4 billion as of September 30, 2024, but up 10% from $28.7 billion as of December 31, 2023[98]. - Average AUM for the year was $33.401 billion, compared to $31.788 billion in 2023[98]. - Total current assets increased significantly to $79,188 thousand in 2024 from $43,578 thousand in 2023, representing an increase of approximately 81.7%[198]. - Total shareholders' equity rose to $323.6 million, up 6% from $305.7 million as of December 31, 2023[112]. Cash Flow and Investments - Cash provided by operating activities rose significantly to $69,152,000 in 2024, compared to $29,861,000 in 2023, marking an increase of about 131.5%[201]. - Cash provided by investing activities improved to $24,515,000 in 2024 from $4,607,000 in 2023, reflecting a substantial increase of approximately 431.5%[201]. - Cash and cash equivalents at the end of the year reached $46,834,000 in 2024, up from $20,658,000 in 2023, indicating a growth of about 126.5%[201]. - The company experienced a net increase in cash and cash equivalents of $26,176,000 in 2024, compared to a decrease of $31,020,000 in 2023[201]. - The company’s investment activities included a purchase of investments totaling $13,405,000 in 2024, down from $25,474,000 in 2023, indicating a decrease of approximately 47.4%[201]. Dividends and Shareholder Returns - The company declared total dividends of $27.15 million in 2024, compared to $25.9 million in 2023[128]. - Dividends paid increased to $27,147,000 in 2024 from $25,847,000 in 2023, representing a rise of approximately 5%[201]. Risk Management and Internal Controls - Management has evaluated the effectiveness of internal controls over financial reporting as of December 31, 2024, concluding that no material weaknesses were identified[177]. - The independent auditors, KPMG LLP, expressed an unqualified opinion on the effectiveness of the Company's internal control over financial reporting as of December 31, 2024[182]. - The Company has implemented a comprehensive enterprise risk management program to identify and evaluate risks in alignment with its risk appetite[164]. - The Company is exposed to liquidity risk primarily through fluctuations in cash flows from capital calls and distributions, which are actively monitored[151]. Product and Market Development - The Company launched the Sprott Physical Copper Trust on June 6, 2024, raising gross proceeds of $110 million, and established an ATM equity program to issue up to an additional $500 million of trust units[90]. - The Company expanded its product offerings with the launch of the Sprott Copper Miners ETF and the Sprott Junior Uranium Miners UCITS ETF in 2024[91]. - The Company is focused on developing new exchange-listed and actively-managed critical materials strategies to capitalize on long-term trends in the market[92]. Compensation and Expenses - The company reported a net compensation ratio of 44% for Q3 2024, down from 46% in Q2 2024[1]. - SG&A expenses for the quarter were $4.9 million, up 25% from $4 million in the previous quarter, and $18.8 million for the full year, up 13% from $16.6 million[106]. - Management fees for the quarter were $41.4 million, up 20% from $34.5 million in the previous quarter, and $155.3 million for the full year, up 17% from $132.3 million[102]. Shareholder Equity and Stock Options - The total number of shares outstanding increased from 25,410,151 at December 31, 2023, to 25,814,859 at December 31, 2024, reflecting an increase of approximately 1.6%[263]. - The stated value of capital stock increased from $434.8 million at December 31, 2023, to $450.1 million at December 31, 2024, representing a growth of approximately 3.5%[263]. - The contributed surplus increased from $35.3 million at December 31, 2023, to $36.3 million at December 31, 2024, indicating a rise of approximately 2.8%[264]. - As of December 31, 2024, there are 12,500 stock options outstanding with a weighted average exercise price of CAD$27.30 and 1.4 years remaining on their contractual life[268].