Latest news with #SPUT
Barnama
a day ago
- Business
- Barnama
SPUT Disburses RM7.5 Mln To 1,809 Micro-Entrepreneurs In Sabah
PENAMPANG, June 22 (Bernama) -- A total of RM7.5 million has been channelled to 1,809 micro-entrepreneurs, mainly hawkers and small traders operating in markets and Tamu, across Sabah under the Tamu Entrepreneur Financing Scheme (SPUT) since its launch in 2023. Entrepreneur and Cooperatives Development Minister Datuk Ewon Benedick said the scheme reflects the commitment of The National Entrepreneurial Group Economic Fund (TEKUN Nasional) to empower the people's economy through micro-financing support, particularly for rural communities and small business owners in need of capital to grow. He was speaking at the opening of the Tekun MADANI Mini Carnival at Tamu Desa Inobong here today.
Yahoo
3 days ago
- Business
- Yahoo
Sprott Physical Uranium Trust Closes Upsized US$200 Million Bought Deal Financing
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES. This press release constitutes a 'designated news release' for the purposes of the Trust's amended and restated prospectus supplement dated December 6, 2024 to its base shelf prospectus dated January 3, 2024. TORONTO, June 20, 2025 (GLOBE NEWSWIRE) -- Sprott Inc. (NYSE/TSX: SII) ('Sprott') on behalf of the Sprott Physical Uranium Trust (TSX: (TSX: U.U) ('SPUT' or the 'Trust'), is pleased to announce the closing of its previously announced upsized bought deal public offering (the 'Offering'), pursuant to which 11,600,000 units of the Trust (the 'Units') were issued at a price of US$17.25 per Unit for total gross proceeds of approximately US$200 million. Canaccord Genuity Corp. (the 'Underwriter') acted as sole underwriter for the Offering. The net proceeds of the Offering will be used by the Trust to acquire physical uranium in the form of uranium oxide in concentrates and related fees and expenses in accordance with the Trust's objective and subject to the Trust's investment and operating restrictions. The net proceeds per Unit received by the Trust were not less than 100% of the most recently calculated net asset value of the Trust per Unit prior to the determination of the pricing of the Offering. 'We are very pleased to have completed this Offering with the strong support from both current and new SPUT unitholders,' said John Ciampaglia, CEO of Sprott Asset Management. 'This transaction, the non-brokered private placement completed in May and the Trust's at-the-market equity program demonstrate the Trust's ability to continue to raise capital through a variety of methods.' 'The long-term investment thesis for uranium continues to improve as a nuclear renaissance unfolds globally with announcements around plant life extensions and new builds accelerating, supported by new government policies,' continued Mr. Ciampaglia. 'We are pleased to provide investors the opportunity to participate in this long-term secular trend through access to the world's largest physical uranium fund1.' The Trust suspended its at-the-market equity program to facilitate the Offering and agreed with the Underwriter not to issue any Units, including under the at-the-market equity program, for a period of 30 days from the closing of the Offering without the prior written consent of the Underwriter, such consent not to be unreasonably withheld, conditioned or delayed. No securities regulatory authority has either approved or disapproved the contents of this press release. This press release is not an offer or a solicitation of an offer of securities for sale in the United States. The Units have not been and will not be registered under the U.S. Securities Act, or the securities laws of any state of the United States, and may not be offered or sold in the United States absent registration or an applicable exemption from registration. _______________________________________1 Based on Morningstar's universe of listed commodity funds. Data as of December 31, 2024. About Sprott Sprott is a global asset manager focused on precious metals and critical materials investments. We are specialists. We believe our in-depth knowledge, experience and relationships separate us from the generalists. Our investment strategies include Exchange Listed Products, Managed Equities and Private Strategies. Sprott has offices in Toronto, New York, Connecticut and California and the company's common shares are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol 'SII'. For more information, please visit About the Trust Important information about the Trust, including its investment objectives and strategies, applicable management fees, and expenses, can be found on its website at Commissions, management fees, or other charges and expenses may be associated with investing in the Trust. The performance of the Trust is not guaranteed, its value changes frequently and past performance is not an indication of future results. Caution Regarding Forward-Looking Information This press release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian and United States securities laws (collectively. 'forward-looking statements'). Forward-looking statements in this press release include, without limitation, statements regarding the Offering, including the intended use of proceeds from the sale of Units under the Offering, the Trust's ability to raise capital, including through numerous methods, and the investment thesis and trends related to uranium. With respect to the forward-looking statements contained in this press release, the Trust has made numerous assumptions regarding, among other things, investor demand the uranium market. While the Trust considers these assumptions to be reasonable, these assumptions are inherently subject to significant business, economic, competitive, market and social uncertainties and contingencies. Additionally, there are known and unknown risk factors that could cause the Trust's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements contained in this press release. A discussion of risks and uncertainties facing the Trust appears in the Offering Documents, each as updated by the Trust's continuous disclosure filings, which are available at All forward-looking statements herein are qualified in their entirety by this cautionary statement, and the Trust disclaims any obligation to revise or update any such forward-looking statements or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments, except as required by law. Contact Glen Williams Senior Managing Partner, Investor and Institutional Client RelationsSprott 416.943.4394Email: gwilliams@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-06-2025
- Business
- Yahoo
Sprott Physical Uranium Trust Announces US$100 Million Bought Deal Financing
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES./ TORONTO, June 16, 2025 /CNW/ - Sprott Inc. (NYSE: SII) (TSX: SII) ("Sprott") on behalf of the Sprott Physical Uranium Trust (TSX: (TSX: U.U) ("SPUT" or the "Trust") today announced that it has entered into an agreement with Canaccord Genuity Corp (the "Underwriter") pursuant to which the Underwriter has agreed to purchase on a "bought deal" basis 5,800,000 units of the Trust (the "Units") at a price of US$17.25 per Unit (the "Offering Price"), representing total gross proceeds of US$100,050,000 (the "Offering"). The net proceeds per Unit to be received by the Trust will be not less than 100% of the most recently calculated net asset value of the Trust per Unit prior to the determination of the pricing of the Offering. The net proceeds of the Offering will be used by the Trust to acquire physical uranium in the form of uranium oxide in concentrates and uranium hexaflouride and related fees and expenses in accordance with the Trust's objective and subject to the Trust's investment and operating restrictions. Closing of the Offering is expected to occur on or about June 20, 2025 (the "Closing Date"), and is subject to regulatory approval including that of the Toronto Stock Exchange. The Offering will be made: (i) in all of the provinces and territories of Canada (other than Quebec) by way of a prospectus supplement to the Trust's existing base shelf prospectus dated January 3, 2024 (the "Base Shelf Prospectus"), as supplemented by a prospectus supplement (the "Prospectus Supplement" and together with the Base Shelf Prospectus, the "Offering Documents") pursuant to National Instrument 44-101 – Short-Form Prospectus Distributions and National Instrument 44-102 – Shelf Distributions; (ii) in the United States on a private placement basis pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and any applicable securities laws of any state of the United States, to "qualified institutional buyers" as defined in Rule 144A under the U.S. Securities Act; and (iii) in jurisdictions outside of Canada and the United States, in each case in accordance with all applicable laws provided that no prospectus, registration statement or similar document is required to be filed in such jurisdiction. The completion of the Offering shall be subject to the receipt of all necessary regulatory approvals and other conditions listed herein. The Offering Documents will be available at Investors should read the Offering Documents and other documents the Trust has filed for more complete information about the Trust and the Offering. This press release is not an offer or a solicitation of an offer of securities for sale in the United States. The Units have not been and will not be registered under the U.S. Securities Act, or the securities laws of any state of the United States, and may not be offered or sold in the United States absent registration or an applicable exemption from registration. About Sprott Sprott is a global asset manager focused on precious metals and critical materials investments. We are specialists. We believe our in-depth knowledge, experience and relationships separate us from the generalists. Our investment strategies include Exchange Listed Products, Managed Equities and Private Strategies. Sprott has offices in Toronto, New York, Connecticut and California and the company's common shares are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol "SII". For more information, please visit About the Trust Important information about the Trust, including its investment objectives and strategies, applicable management fees, and expenses, can be found on its website at Commissions, management fees, or other charges and expenses may be associated with investing in the Trust. The performance of the Trust is not guaranteed, its value changes frequently and past performance is not an indication of future results. Caution Regarding Forward-Looking Information This press release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian and United States securities laws ("forward-looking statements"). Forward-looking statements in this press release include, without limitation, statements regarding the Offering, including the intended use of proceeds from any sale of Units and the timing and ability of the Trust to obtain all necessary approvals in connection with the Offering. With respect to the forward-looking statements contained in this press release, the Trust has made numerous assumptions regarding, among other things: investor demand the uranium market. While the Trust considers these assumptions to be reasonable, these assumptions are inherently subject to significant business, economic, competitive, market and social uncertainties and contingencies. Additionally, there are known and unknown risk factors that could cause the Trust's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements contained in this press release. A discussion of risks and uncertainties facing the Trust appears in the Offering Documents, each as updated by the Trust's continuous disclosure filings, which are available at All forward-looking statements herein are qualified in their entirety by this cautionary statement, and the Trust disclaims any obligation to revise or update any such forward-looking statements or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments, except as required by law. SOURCE Sprott Physical Uranium Trust View original content:
