Core Insights - The gold market is experiencing a significant rally, with prices surpassing the $4,000 mark, indicating that the rally may just be beginning [1][8] - Gold has historically served as a store of value and a hedge against economic instability, but its lack of yield can limit its appeal during normal economic cycles [2][3] - The investment narrative in the gold market extends beyond spot prices, with individual gold miners seeing substantial increases in market value [4][5] Gold Market Dynamics - The current gold rally is driven by rising concerns about economic stability and the depreciation of the dollar, with predictions of gold reaching $5,000 by 2026 and potentially $10,000 by the end of the decade [7][8] - Analysts believe the current rally is setting the stage for future growth, with some forecasting gold could reach $20,000 per ounce [9] Investment Vehicles - Sprott offers various ETFs for investors looking to gain exposure to gold mining, including the Sprott Gold Miners ETF (SGDM) and the Sprott Junior Gold Miners ETF (SGDJ), which focus on senior and junior mining enterprises respectively [10][11] - The Sprott Active Gold & Silver Miners ETF (GBUG) aims to identify undervalued opportunities in the mining sector, leveraging the firm's expertise in precious metals investments [12] Performance Metrics - The SGDM ETF has gained over 125% year-to-date, while the SGDJ ETF has increased by over 127% in the same period [14][16] - The GBUG ETF, launched in February, has nearly doubled in value, reflecting strong market interest [20] - All three ETFs have seen significant increases in trading volume, indicating sustained investor interest in gold [17][23]

Core Thesis - Sprott Inc. is positioned as a strong investment opportunity due to its focus on precious metals and real assets, providing stability amid market uncertainty [2][5] Business Model - Sprott Inc. operates a diversified business model that includes management fees from assets under management (AUM), exchange-listed products like gold and uranium trusts and ETFs, private investment strategies, and advisory services [2][3] - The company's model generates recurring revenue and offers strong scalability, allowing for growth without proportional cost increases [3] Competitive Advantage - Sprott's specialization in natural resources distinguishes it from generalist asset managers, providing a natural hedge during market downturns [3][4] - The company's decades-long expertise in commodities investing enhances client confidence and aligns its incentives with those of investors through performance-based fees [4] Market Role - Sprott plays a significant role in wealth preservation during inflationary periods and supports the transition to clean energy through investments in uranium and battery metals [4][5] - The firm serves as a gateway to commodities, offering investors both financial returns and exposure to essential global resources [5]

Core Insights - Sprott Inc. (NYSE:SII) is recognized for its significant upside potential and is included in the list of the 10 Best Debt Free Small Cap Stocks to Buy Now [1] Company Developments - On September 10, 2025, Sprott Inc. launched the Sprott Active Metals & Miners ETF, aiming to expand its presence in the growing metals and mining investment sector [2] - The ETF is actively managed and focuses on long-term capital appreciation by investing in miners, recyclers, and companies involved in high-demand metals such as copper, uranium, silver, steel, and lithium [2] - Sprott Inc. claims its investment team conducts approximately 200 management meetings and up to 30 mine site visits annually to identify undervalued opportunities with strong fundamentals [3] - This strategy enhances the company's position in the niche resource-focused ETF market while offering investors daily transparency, liquidity, and potential tax efficiency [3] Company Overview - Sprott Inc. is a publicly owned asset management holding company that provides asset, portfolio, wealth, and fund management services, along with broker-dealer activities [4] - The company is recognized as one of the Best Debt Free Stocks [4]

Core Insights - Sprott Asset Management USA, Inc. announced a modification to the index tracked by the Sprott Junior Gold Miners ETF (SGDJ), due to the strong performance of gold miners, which have returned over 90% year-to-date as of September 16, 2025 [1] - The market capitalization threshold for eligible securities in the index will be revised from below USD $2 billion to below USD $3 billion, effective at the next scheduled rebalance [2] Company Overview - Sprott Asset Management USA, Inc. is a wholly-owned subsidiary of Sprott Inc., focusing on precious metals and critical materials investments, with a presence in multiple locations including Toronto, New York, Connecticut, and California [3] Industry Context - The adjustment in the index methodology reflects the rising market capitalization of junior gold miners, indicating a robust performance in the gold mining sector [1][2]

Core Insights - Gold prices in Vietnam are declining, with local prices still significantly higher than global rates, indicating a notable market disparity [1][7] - The global gold market is experiencing an upward trend, driven by concerns over the U.S. labor market and expectations of a Federal Reserve rate cut [3][8] - Year-to-date, gold prices have increased by approximately 39%, influenced by a weak dollar and strong central bank purchases [6] Local Market Analysis - The price of gold bars from the Saigon Jewelry Company decreased by 1.43% to VND131.4 million (approximately US$4,980.1) per tael [1] - Gold ring prices also fell by 1.23% to VND128 million per tael, with a tael weighing about 37.5 grams [2] Global Market Dynamics - Spot gold prices rose by 0.5% to $3,651.92 per ounce, nearing a record high, with a weekly appreciation of 1.8% [4] - U.S. gold futures for December delivery increased by 0.5% to $3,690.30, reflecting positive market sentiment [4] Expert Predictions - Experts predict that gold could soon reach or exceed the $3,700 mark, with short-term resistance anticipated around $3,900 [5][9] - The long-term outlook for gold remains positive due to its under-ownership by institutions, suggesting potential for significant growth [5][9]

Core Viewpoint - Gold prices are expected to rise for the fourth consecutive week, driven by concerns over a weak U.S. labor market overshadowing inflation worries, with widespread expectations of interest rate cuts by the Federal Reserve next week [1] Group 1: Market Trends - As of this week, spot gold has increased by approximately 1.8% [1] - Market sentiment suggests a high likelihood of at least three interest rate cuts before the end of 2025, with expectations for the magnitude of cuts being significantly higher than two months ago [1] Group 2: Price Projections - Ryan McIntyre from Sprott Inc. indicates that gold prices are nearing $3,700, suggesting a potential breakout [1] - Short-term technical analysis points to resistance around $3,900, but long-term views suggest that many institutions may still be significantly underweight in gold [1]

Company Overview - Sprott Asset Management USA, Inc. is a wholly-owned subsidiary of Sprott Inc., focusing on precious metals and critical materials investments [3] - The company operates globally with offices in Toronto, New York, Connecticut, and California [3] - Sprott's investment strategies include Exchange Listed Products, Managed Equities, and Private Strategies [3] Management Changes - As of September 10, 2025, Andrew Hicks is no longer a portfolio manager of the Sprott Funds Trust [1] - Ryan Mischker and Charles Perkins will continue as portfolio managers at ALPS Advisors, Inc., responsible for the day-to-day management of the funds [2] Fund Characteristics - The Sprott Active Metals & Miners ETF, Sprott Active Gold & Silver Miners, and Sprott Silver Miners & Physical Silver ETFs are new with limited operating history [8] - The funds are non-diversified and can invest a greater portion of assets in individual issuers, particularly in the natural resources and precious metals sectors [6] - Shares of the funds are not individually redeemable and are traded on a secondary market [7]

Group 1 - The global demand for uranium from nuclear reactors is projected to increase by one-third to 86,000 tons by 2030 and reach 150,000 tons by 2040, according to the World Nuclear Association [3][4] - The current uranium market is undergoing significant changes, with supply-demand imbalances leading to a surge in spot prices from $30 per pound in 2020 to around $80 per pound currently, with a peak exceeding $100 per pound [1][7] - The Sprott Physical Uranium Trust has raised $200 million to purchase physical uranium, indicating strong demand in the market [1][6] Group 2 - A significant supply gap is expected as existing uranium mines are projected to deplete by 50% between 2030 and 2040, threatening the revival of nuclear power [3][4] - The global nuclear power capacity is expected to double to 746 GW by 2040, necessitating increased investment in uranium mining and processing facilities [4][5] - The demand for nuclear energy is being driven by geopolitical factors, such as the desire of European countries to reduce dependence on Russian gas, and the growing energy needs from data centers and electric vehicles [4][5] Group 3 - Major uranium producers are facing challenges, with some announcing production cuts due to aging mines, and new projects taking 6 to 8 years to come online [4][6] - Analysts from Morgan Stanley and Citigroup have a bullish outlook on uranium prices, predicting prices could rise to $87 per pound by Q4 2025 and potentially reach $100 per pound by 2026 [7][8] - The development of small modular reactors (SMRs) is expected to account for 20% of total uranium demand by 2040, further influencing market dynamics [7]

Group 1 - The core viewpoint is that investors are testing their bets on the strong momentum of gold mining stocks ahead of the upcoming U.S. non-farm payroll report, with a notable shift in investment preferences due to economic uncertainties and interest rate expectations [1] - The VanEck Gold Miners ETF has seen significant inflows of $531 million in the last month, marking the highest record since November 2023, as investors are increasingly attracted to gold's safe-haven properties [1] - Gold mining stocks have outperformed the S&P 500 index, with the VanEck Gold Miners ETF rising approximately 90% year-to-date, and many of its constituent companies experiencing triple-digit gains [2][4] Group 2 - Analysts from JPMorgan expect that the Fed's interest rate cuts will attract more investors to commodity ETFs tracking gold, further driving up demand and prices [5] - There has been a notable acceleration in inflows into gold-related ETFs, with $3.9 billion purchased in the last week, marking the strongest single-week inflow since April [5] - Global central banks continue to buy gold, with their total holdings surpassing U.S. Treasury bonds, indicating a favorable environment for gold investments [9]

TORONTO, Sept. 03, 2025 (GLOBE NEWSWIRE) -- Sprott Asset Management LP (“Sprott Asset Management”), a wholly-owned subsidiary of Sprott Inc., on behalf of the Sprott Physical Uranium Trust (TSX: U.UN) (TSX: U.U) (“SPUT” or the “Trust”) today announced that the Bourse de Montreal began listing options on the Sprott Physical Uranium Trust (“SPUT”) on September 2, 2025. “We are pleased to announce that SPUT is the first physical uranium vehicle to offer option trading, further building on its leading market po ...