TORONTO, Feb. 02, 2023 (GLOBE NEWSWIRE) — Sprott Asset Management LP (“Sprott”), a wholly owned subsidiary of Sprott Inc. (NYSE/TSX: SII), today announced that four exchange-traded funds (ETFs) will: Focused on providing investors with pure play1 Exposure to key minerals essential for cleaner energy generation, transmission and storage. The four funds are Sprott Energy Transition Materials ETF (Nasdaq: SETM), Sprott Lithium Miners ETF (Nasdaq: LITP), Sprott Junior Uranium Miners ETF (Nasdaq: URNJ), and Sprott Junior Copper Miners ETF (Nasdaq: COPJ).
Sprott’s new Energy Transition ETF provides investors with a convenient and liquid asset as countries around the world accept mandates to demand drastic reductions in their carbon footprint.2 Exposure to key mineral miners who may benefit from rapid increases in demand, limited supply and the challenge of bringing minerals to market.
Sprott Asset Management CEO John Champaglia said: “Certain key minerals serve as raw materials needed to meet the growing need for low-carbon energy, increasing electrification and the transition to electric vehicles. Years of underinvestment have left many energy Demand for transition materials is outstripping supply, and we are confident that mining companies focused on energy transition minerals will benefit from the significant investments needed over the next few decades.”
The Fund Track Index, developed by Sprott Asset Management in partnership with Nasdaq, will also list ETFs on the exchange. Giang Bui, Head of U.S. Exchange Traded Commodities at Nasdaq, said: “Powered by innovation, Nasdaq aims to continue expanding its suite of proprietary indices that provide a meaningful way for the investment community to track the transforming companies of tomorrow.”
These four ETFs join Sprott’s existing Sprott Uranium Miners ETF (NYSE Arca: URNM) and Sprott Physical Uranium Trust (TSX: UU, U.UN). Sprott’s Energy Transition Fund Suite currently consists of:
| Sprot Energy Transition Materials ETF | Nasdaq: SETM | It seeks to provide investment results before fees and expenses that closely match the total return performance of the Nasdaq Sprott Energy Transition Materials™ Index (NSETM™). The index is designed to track the performance of global securities in the Energy Transition Materials industry. |
| Sprott Lithium Miners ETF | NASDAQ: LITP | It seeks to provide pre-fees and expenses investment results that generally correspond to the total return performance of the Nasdaq Sprott Lithium Miners™ Index (NSLITP™). The index is designed to track the performance of global securities in the lithium industry, including lithium producers, developers and explorers. |
| Sprott Uranium Miners ETF | NYSE Arca: URNM | It seeks to invest at least 80% of its total assets in securities of the North Shore Global Uranium Mining Index (URNMX). The index is designed to track the performance of companies that dedicate at least 50% of their assets to uranium mining. This may include uranium mining, exploration, development, production, or physical holding of uranium, holding of uranium royalties, or engaging in any other business. Non-mining activities that support uranium mining. |
| Sprott Junior Uranium Miners ETF | Nasdaq: URNJ | Provides pre-fees and expenses investment results that closely match the total return performance of the Nasdaq Sprott Junior Uranium Miners™ Index (NSURNJ™), designed to track the performance of mid-cap, small-cap, and micro-cap stocks We aim to Uranium mining related business company. |
| Sprott Junior Copper Miners ETF | NASDAQ: COPJ | Provides pre-fees and expenses investment results that closely match the total return performance of the Nasdaq Sprott Junior Copper Miners™ Index (NSCOPJ™), designed to track the performance of mid-cap, small-cap and micro-cap stocks We aim to A company in the copper mining business. |
| Sprot Physics Uranium Trust | TSX: UU ($US), United Nations ($CA) |
We aim to provide investors interested in holding uranium with a safe and convenient exchange-traded investment vehicle. |
1 Note: The term “pure play” directly relates to the Fund’s exposure to the full universe of publicly traded securities investable in its investment strategy.
2 ETFs are considered to have continuous liquidity as individuals can trade them throughout the day.
About Sprott Co., Ltd.
Sprott Inc. is a global leader in precious metals and energy transition investments. we are specialists. Our deep knowledge, experience and relationships set us apart from generalists. Our investment strategies include exchange listed products, managed equity and private strategies. Sprott has offices in Toronto, New York and London, and its common stock is listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol (SII).
contact:
Glenn Williams
Executive partner
Relationships with Investors and Institutional Investors
Direct: (416) 943-4394
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Dan Gagne
Garnier communication
Direct: (646) 569-5897
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Important disclosure
The Sprott Energy Transitions ETF consists of: ETFs (COPJ). Before investing, you should consider the investment objectives, risks, charges and expenses of each fund. Each fund’s prospectus contains this and other information about the fund and should be read carefully before investing.
The prospectus is available by calling 888.622.1813 or at https://sprottetfs.com/setm/prospectus, https://sprottetfs.com/litp/prospectus, https://sprottetfs.com/urnm/prospectus, https://sprottetfs.com/urnj/prospectusAlso https://sprottetfs.com/copj/prospectus.
Funds are not suitable for all investors. Investing in ETFs involves risks, including loss of funds. The fund is not diversified and can invest more assets in securities of individual issuers than a diversified fund. As a result, changes in the market value of a single investment can cause greater stock price volatility than occurs in a diversified fund.
Exchange Traded Funds (ETFs) are bought and sold through exchange trading at market prices (not NAV) and are not redeemed individually from the Fund. Stocks may trade at a premium or discount to NAV in the secondary market. Brokerage fees reduce returns. “Authorized Participants” can trade directly with the Fund, usually in blocks of 10,000 shares.
Funds that focus on investing in small businesses are generally more volatile in price. Diversification does not eliminate the risk of investment loss. ETFs are considered to have continuous liquidity as an individual can trade them throughout his day. A higher portfolio turnover rate may result in higher transaction costs and may result in higher taxes if shares in the fund are held in taxable accounts. These costs, which are not reflected in the Fund’s annual operating expenses, affect the Fund’s performance.
Nasdaq®, Nasdaq Sprott Energy Transition Materials™ Index, NSETM™, Nasdaq Sprott Lithium Miners™ Index, NSLITP™, Nasdaq Junior Uranium Miners™ Index, NSURNJ™, Nasdaq Junior Copper Miners™ Index, and NSCOPJ™ are registered trademarks of Nasdaq am. Inc. (together with its affiliates, referred to as the “Entity”) and is licensed for use by Splott Asset Management LP. The products are not transferred by the company as to their legality or suitability. Products are not published, endorsed, sold or promoted by any company. The Corporation makes no warranties and assumes no liability with respect to the products.
ALPS Distributors, Inc. is a Distributor of Sprott Funds Trust, a Registered Broker-Dealer and a FINRA Member. Sprott Asset Management LP is an investment advisor to the Sprott ETF.
ALPS Distributors, Inc. is not affiliated with Sprott Asset Management LP.
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