Sprott Launches Active Metals & Miners ETF

Core Viewpoint - Sprott Inc. has launched the Sprott Active Metals & Miners ETF (METL), an actively managed ETF aimed at long-term capital appreciation by investing in companies across the metals and mining industry lifecycle, including miners, recyclers, and royalty and streaming companies associated with high-demand strategic metals [1][2]. Investment Strategy - METL employs a value-oriented and contrarian investment strategy, focusing on undervalued companies with strong long-term fundamentals or growth potential that are currently out of favor with investors [2]. - The investment team combines top-down sector analysis with bottom-up stock selection, leveraging decades of collective experience in the metals and mining industry [2]. Management Team - The investment team is led by Senior Portfolio Manager & Economic Geologist Justin Tolman, along with other experienced professionals including Maria Smirnova, Shree Kargutkar, and Victor Huwang [2]. Market Positioning - Sprott's investment team conducts around 200 management meetings annually within the mining sector and performs up to 30 mining site visits to assess asset potential and identify challenges [3]. - The ETF aims to create a dynamic portfolio of essential materials miners, including those involved in copper, uranium, silver, steel, and lithium, which are critical for energy independence and national security [3]. ETF Features - METL combines the benefits of active management with the flexibility of an ETF, offering daily transparency, liquidity, and potential tax efficiency [3]. - It is part of Sprott's expanding portfolio of ETFs, which includes various other specialized funds targeting precious metals and critical materials [3][4]. Company Overview - Sprott is a global asset manager focused on precious metals and critical materials investments, with a strategy that includes Exchange Listed Products, Managed Equities, and Private Strategies [6]. - The company operates offices in Toronto, New York, Connecticut, and California, and is listed on both the New York Stock Exchange and the Toronto Stock Exchange under the symbol SII [6].