Core Insights - Sprott Inc. (SII) is well-positioned to benefit from upcoming bull markets in gold and uranium, indicating a positive outlook for the company in these sectors [1] - The stock has experienced significant appreciation since the initial recommendation, reflecting strong market interest and potential profitability [1] Company Focus - The company is involved in commodities, iGaming & casinos, and asset-heavy businesses, suggesting a diversified investment strategy [1] - Current investment interests include uranium, Better Collective, Valaris, Genting Berhad, and St. Joe, highlighting a focus on sectors with growth potential [1] Investment Strategy - The investment approach includes holding positions for longer periods while also engaging in shorter trades when market mispricing occurs, indicating a flexible trading strategy [1] - The analyst is pursuing a degree in quantitative finance, which may enhance the analytical capabilities applied to investment decisions [1]

This press release constitutes a “designated news release” for the purposes of the Sprott Physical Copper Trust’s prospectus supplement dated July 8, 2024 to its base shelf prospectus dated July 3, 2024. TORONTO, Feb. 17, 2026 (GLOBE NEWSWIRE) -- Sprott Asset Management LP (“Sprott Asset Management”), a wholly-owned subsidiary of Sprott Inc. (“Sprott”) (NYSE/TSX: SII), on behalf of the Sprott Physical Copper Trust (TSX: COP.UN) (TSX: COP.U) (the “Trust” or “COP”), a closed-end trust created to invest and ho ...

Core Insights - Silver has surpassed $100 for the first time in history, indicating significant market shifts [1] - Gold has also broken the $5,000 barrier, marking a historic moment for precious metals [2] Market Performance - Silver has experienced a year-over-year gain of over 290%, rising from $29 to $117.75 [3] - The gold-silver ratio has compressed from 100:1 in April 2025 to approximately 45:1 today, indicating a dramatic realignment in precious metals [3] Supply and Demand Dynamics - China's export restrictions have disrupted global supply chains, contributing to a structural deficit in silver that has persisted for five consecutive years [4][5] - COMEX inventories have been declining, with a notable withdrawal of 33.45 million ounces in just one week, representing a 26% drop in registered inventory [8] - Physical premiums for silver in Shanghai have reached $5-8 per ounce over Western benchmarks, reflecting heightened demand [10] Investment Trends - Sprott Physical Silver Trust has doubled its at-the-market equity program to $2 billion, signaling strong institutional demand for physical silver [19][20] - The divergence in ETF flows shows that while SLV has experienced outflows, PSLV and SIVR have attracted capital, indicating a preference for funds with more direct physical backing [21][22] Technological Advancements - Stanford researchers have developed a nanoscale silver coating that enhances the performance of solid-state batteries, potentially increasing silver demand significantly [13][15] - If solid-state batteries achieve 50% market penetration, automotive silver demand could exceed current total industrial demand, representing a transformative shift in the market [17] Future Outlook - The structural deficit in silver is expected to continue, with ongoing supply constraints and increasing industrial demand from sectors such as solar, EVs, and AI [26][27] - The current market conditions present a unique investment opportunity in silver, driven by a convergence of supply issues, industrial demand growth, and monetary instability [27]

| 今日金店黄金回收价格一览(2026年1月27日) | | | | --- | --- | --- | | 回收报价 | 今日金价 | 单位 | | 黄金 | 1129.40 | 元/克 | | 菜百黄金 | 1165.60 | 元/克 | | 周生生黄金 1154.00 | | 元/克 | | 周大福黄金 1101.00 | | 元/克 | | 老凤祥黄金 1144. 45 | | 元/克 | 这边简单说一下铂金饰品价格，今日铂金价格出现大跌，就拿周大福来说吧，铂金饰品价格下跌67元/克，报1071元/克。如 需了解其他品牌铂金价格，欢迎留言，我们将及时汇总更新。 说完国内金店金价，我们再来讲讲国际金价情况： 继昨日的大涨后，今日各大品牌金店金价仍有上涨走势。从具体报价来看，周大福、潮宏基、周大生以1585元/克的报价并 列成为今日市场最高价。老庙黄金、老凤祥等品牌价格保持平稳。而菜百黄金报价1510元/克，依然为市场最低价。今日金 店高低价差已扩大至75元/克。 以下是各大品牌金店详细报价： | | | 今日金店黄金价格一览(2026年1月27日) | | | | --- | --- | --- | - ...

Core Viewpoint - Sprott Asset Management has announced an update to its at-the-market equity program to issue up to U.S.$1.0 billion of units of the Sprott Physical Uranium Trust in Canada [1] Group 1: ATM Program Details - The distributions under the ATM Program will follow an amended sales agreement dated December 6, 2024, involving Sprott Asset Management and several agents including Cantor Fitzgerald Canada Corporation, Virtu Canada Corp., BMO Nesbitt Burns Inc., and Canaccord Genuity Corp [2] - Sales of units will occur through "at-the-market" issuances on the Toronto Stock Exchange or other trading markets in Canada at prevailing market prices, which may vary [3] - The volume and timing of distributions will be determined at the Trust's discretion, with proceeds intended for acquiring physical uranium [4] Group 2: Offering Documents - The offering is made pursuant to a prospectus supplement dated January 26, 2026, to the Trust's Canadian short form base shelf prospectus dated January 22, 2026 [5] - The Offering Documents are accessible on the SEDAR+ website maintained by the Canadian Securities Administrators [5] Group 3: Company Overview - Sprott Asset Management is a wholly-owned subsidiary of Sprott and serves as the investment manager for the Trust, specializing in precious metals and critical materials investments [8] - Sprott operates globally with offices in Toronto, New York, Connecticut, and California, and its common shares are listed on the New York Stock Exchange and the TSX under the symbol "SII" [8]

Commodities asset manager Sprott (NYSE:SII) , known for treating precious metals as a macro signal, is evaluating the market’s structural change following one of the strongest years on record for gold and silver.The commodity sector, in its view, is no longer a trade—it's becoming a core allocation shaped by politics, policy, and power.That framework is laid out in Sprott’s Top 10 Themes for 2026 report, which walks investors through a map of a fractured global system. Three ideas dominate the narrative: ac ...

Group 1: Market Overview - Sprott is evaluating structural changes in the commodities market following a strong year for gold and silver, indicating that commodities are becoming a core allocation influenced by politics and policy [1] - The report outlines three dominant themes: accelerating deglobalization, the rise of the debasement trade, and the continuation of a gold and silver bull market [2] Group 2: Deglobalization and Strategic Assets - Deglobalization is now a reality, with governments prioritizing sovereignty and supply security over cost minimization, placing commodities at the center of this trend [3] - Critical minerals and precious metals are being reclassified as strategic assets, leading to fragmented markets and regional shortages [4] Group 3: Inflationary Trends - The trend towards nearshoring and domestic production is inflationary, causing gold to regain its relevance as a reserve asset in a multipolar world, while silver benefits as both a store of value and an industrial input [5] Group 4: The Debt Conundrum - The debasement trade reflects a long-term shift from fiat currencies to tangible assets due to chronic government deficits that central banks must accommodate [6][7] - By 2025, U.S. public debt is projected to exceed $38 trillion, with little political appetite for austerity, complicating monetary policy independence [8] Group 5: Precious Metals Market - Gold is viewed as underowned despite its recent rally, with significant buying from central banks, particularly China, suggesting continued upside potential into 2026 [11] - Silver's role has evolved from a monetary asset to a critical industrial commodity, facing persistent supply deficits due to its production dynamics [12] Group 6: Emerging Opportunities - Uranium is identified as a cornerstone of energy security, supported by government funding for nuclear power and increasing demand driven by AI [14] - Copper is facing supply shortages due to electrification and grid expansions, while rare earths are seen as strategic bottlenecks influenced by geopolitics [15]

Summary of Key Points from the Global Reactor Tracker - January Edition Industry Overview - The report focuses on the nuclear energy sector, highlighting developments in North America, Europe, and Asia, along with year-end trends in uranium prices and new reactor constructions in China [1] North America - **New Nuclear Capacity Exploration**: The Great Plains New Nuclear Consortium in the United States is exploring the feasibility of deploying 1,000 to 2,000 MW of new nuclear capacity, including small modular reactors, in Nebraska [2] - **License Extensions**: The US Nuclear Regulatory Commission granted 20-year license extensions for Constellation's Clinton unit 1 and Dresden units 2 and 3, supported by over $370 million in upgrades, ensuring continued carbon-free electricity generation [3] Europe - **Nuclear Phase-Out in Belgium**: Unit 2 of Belgium's Doel nuclear power plant has been permanently taken offline after 50 years, aligning with the country's nuclear phase-out policy. However, Doel 4 and Tihange 3 have had their operations extended to 2035 [4] - **New Reactor Developments**: A consortium has secured a contract to oversee the development of two new Westinghouse AP1000 units at Bulgaria's Kozloduy Nuclear Power Plant, aiming for operation by 2035 and 2037 [5] - **State Aid Approval in Poland**: The European Union approved state aid for a Polish nuclear station estimated at ~$16.5 billion, which will feature three Westinghouse AP1000 reactors, with construction expected to start in 2028 [8] Asia - **India-Russia Cooperation**: India and Russia are advancing their nuclear energy cooperation, focusing on a second Russian nuclear power plant and exploring small modular reactors and localized fuel supply [9] - **New Reactor Construction in China**: - Xudabao Nuclear Power Plant's unit 3 has completed cold functional testing, with commissioning scheduled for 2027 [10] - Construction has begun for Ningde Nuclear Power Plant's unit 6, expected to enter operation in 2030 [11] - China has also commenced construction on two new CAP1000 nuclear power units, with an estimated cost of ~$5.6 billion [13] Africa - **Ethiopia-Russia Nuclear Negotiations**: Ethiopia and Russia are negotiating a gigawatt-scale nuclear power plant project, driven by Ethiopia's growing electricity demand [14] Uranium Market Insights - **Spot Price Trends**: Uranium spot prices have shown strength, climbing above $80/lb and reaching close to $82/lb by the end of December, with a $5 increase in December alone [31] - **Term Pricing Stability**: Term uranium pricing remained stable at $86/lb throughout December, with year-to-date term volume for 2025 reaching over 104.0 million lbs across 78 contract awards [32] - **Section 232 Investigation**: An update on the Section 232 investigation regarding uranium imports is anticipated by the end of January [33] Additional Insights - **Investment Considerations**: The report includes disclosures regarding potential conflicts of interest and emphasizes that investors should consider this report as one factor in their investment decisions [6][46] This summary encapsulates the key developments and insights from the Global Reactor Tracker, providing a comprehensive overview of the nuclear energy sector's current landscape and market dynamics.

Core Insights - The investment community is increasingly focused on the demand for copper, driven by the rise of artificial intelligence and machine learning technologies [1][4][5] Group 1: Copper Demand and Market Dynamics - The price of copper has seen significant growth, with a more than 4% increase at the start of 2026 and a 38% rise over the past year [2] - Global electricity demand is projected to increase by 30% by 2035, primarily due to the expansion of data centers, which will double their share of total power use from 1.5% to 3.5% [3] - The copper industry is expected to face a structural deficit, with S&P Global warning of a potential shortfall of over 10 million metric tons by 2040, leaving nearly a quarter of projected demand unmet [6] Group 2: Investment Vehicles and Opportunities - The Sprott Copper Miners ETF (COPP), launched in March 2024, provides a pure-play investment vehicle for copper, aligning with demand themes such as electrification and AI [9] - The COPP ETF offers direct exposure to physical copper, which helps reduce tracking errors relative to copper prices and mitigates risks associated with individual miners [10] - The COPP ETF has performed well, gaining over 6% since its inception, with strong price action above key moving averages and elevated trading volumes in the fourth quarter [12]

Core Insights - Sprott Asset Management USA, Inc. announced changes to the index methodology for the Sprott Junior Gold Miners ETF, which tracks the Solactive Junior Gold Miners Custom Factors Index, following a remarkable return of over 171% for junior gold miners as of December 19, 2025 [1]. Index Methodology Changes - The minimum market capitalization threshold for new eligible securities will be revised from below USD $2 billion to below USD $3 billion [9]. - Existing index constituents must not have a market cap of more than $4 billion [9]. - The index universe will be changed from the Solactive Global Gold Explorers & Developers Total Return Index to the Market Watch of the Solactive Global Gold Explorers & Developers Total Return Index [9]. - The index will have a target of 25 to 30 constituents [9]. 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 Toronto, New York, Connecticut, and California [4].