# Home

## Pages
- [Home](/index.html.md): Sprott is a global investment manager specializing in precious metals and critical materials investing. Sprott offers a range of investment solutions including physical bullion trusts, ETFs, active management and resource-focused lending solutions.
- [Insights](/insights/index.html.md)
- [The Platinum Opportunity - Part 1](/insights/the-platinum-opportunity-part-1/index.html.md)
- [The Platinum Opportunity - Part 2](/insights/the-platinum-opportunity-part-2/index.html.md)
- [Palladium: An introduction for Platinum and Palladium Investors](/insights/palladium-an-introduction-for-platinum-and-palladium-investors/index.html.md): Read the latest intel on Palladium from the World Platinum Investment Council. The spectacular increase in the price of palladium since 2016, in particular during 2019, attracted widespread interest from investors, industrial users of palladium and market commentators. It also highlighted the importance of understanding the palladium market when considering an investment in palladium or platinum.
- [Opportunities in Uranium](/insights/opportunities-in-uranium/index.html.md): Sprott's Ed Coyne and John Ciampaglia join Per Jander of WMC Energy to discuss the promising investment case for uranium.
- [Uranium: Born of the Stars](/insights/uranium-born-of-the-stars/index.html.md): Uranium, an element born of the stars, is as complex as it is paradoxical. This heavy metal holds dormant powers both inspiring and terrifying.
- [Key Facts about Spent Nuclear Fuel](/insights/key-facts-about-spent-nuclear-fuel/index.html.md): Chemical reactions of fossil-fuel plants release more radiation into the environment than the operation of nuclear energy plants — 10 times more. Most nuclear-industry waste is relatively low in radioactivity, and only a small amount is produced.
- [Investing in Critical Materials: A Diversified Approach to a Long-Term Opportunity](/insights/investing-in-critical-materials-a-diversified-approach-to-a-long-term-opportunity/index.html.md): Whitney George, Chief Investment Officer, Sprott Asset Management, will identify the major paradigm shift we are navigating post-COVID. This new landscape is marked by “globalization in reverse”; a trapped Fed juggling rising inflation, record debt levels and negative real interest rates; a new global focus on decarbonization and ESG; and a move toward more moderate politics. Maria Smirnova, Senior Portfolio Manager, will share Sprott’s 2022 outlook on gold, silver, platinum and palladium.
- [Silver: A History of Innovation](/insights/silver-a-history-of-innovation/index.html.md): Silver has been a form of currency throughout human civilization and is second, only to oil, as the most used resource on earth.
- [Why Nuclear Power Plant Life Extensions & Uprates Matter](/insights/why-nuclear-power-plant-life-extensions-uprates-matter/index.html.md): Research and development on small modular nuclear reactors (SMRs) are underway globally and generating tremendous buzz. But SMRs are not likely to contribute meaningful amounts of carbon-free power for another decade.
- [Waiting for the Pivot](/insights/waiting-for-the-pivot/index.html.md): With Fed policy taking a more hawkish turn, the fire hose of liquidity that has fueled market mania is being turned off. At this moment, it appears that confidence in the Fed and attraction to gold are binary. Our view is that a position in gold offers a very favorable asymmetric risk-reward proposition on the possibility that confidence will not survive 2022.
- [Fed Applies Hawkish Shock Treatment](/insights/fed-applies-hawkish-shock-treatment/index.html.md): Gold had a closing high of $1,848 just before the January FOMC meeting, but slipped at month end following the Fed's exceptionally hawkish statements. Despite this, gold has been gaining strength as a safe haven asset as it decouples from rising real yields and higher rate expectations. We believe that we are in the early stages of rising market risks and gold, as it did in 2018, is likely to stage a breakout in response.
- [Gold and Silver Price Drivers, Generational Opportunity in Stocks](/insights/gold-and-silver-price-drivers-generational-opportunity-in-stocks/index.html.md): "I believe that we are on the cusp of a generational opportunity today. I would encourage every viewer to dust off their old notebooks and do a little research on precious metals mining companies, especially those that are well managed, with attractive balance sheets."
- [Super Terrific Happy Hour Ep. 14: John Hathaway](/insights/super-terrific-happy-hour-ep-14-john-hathaway/index.html.md): Stephanie Pomboy and Grant Williams, hosts of the popular podcast Super Terrific Happy Hour, interview a true legend of the precious metals industry, John Hathaway. Our guest as the Super Terrific Happy Hour returns from hiatus is a dear friend of us both who is gracing the podcast for a second time – John Hathaway of Sprott Asset Management.
- [Uranium and Nuclear Energy: Critical to the Clean Energy Transition](/insights/uranium-and-nuclear-energy-critical-to-the-clean-energy-transition/index.html.md): Nuclear energy’s profile as a highly efficient, reliable and zero carbon producing energy source has helped to create a new bull market for physical uranium.
- [Gold: A True Store of Value](/insights/gold-a-true-store-of-value/index.html.md): Throughout history, gold has played a prominent role in the advancement of human civilization. Seen as a representation of the sun, of the gods and of true value, gold is a form of real money without counterparty risks.
- [Gold Bullion Breaks Out on Safe-Haven Flight](/insights/gold-bullion-breaks-out-on-safe-haven-flight/index.html.md): "The Russian-Ukraine conflict is probably one of the biggest macro drivers in the marketplace... Before Russia-Ukraine, the gold market had started shaking off the hawkish Fed rhetoric. Russia-Ukraine has just amplified gold's value as a safe haven asset."
- [Gold Investment Demand Returns](/insights/gold-investment-demand-returns/index.html.md): Gold posted its all-time highest quarterly close on March 31, 2022, ending a volatile month that helped gold climb above $2,070 on March 8. By contrast, the U.S. Treasury Index suffered its worst quarter since 1973 and the S&P 500 Index posted its first negative quarter since Q1 2020. While gold may have climbed back to its highs on safe-haven flows, other positive gold supports are definitely in play.
- [Putin’s Gambit](/insights/putin-s-gambit/index.html.md): The price of gold has been treading water for 10 years while the investment fundamentals have improved dramatically. That is why, in our opinion, significant upside lies ahead for gold and related equities. Putin’s war introduces yet an additional reason to stoke investment demand for the yellow metal. It is not only war in the kinetic sense, but the reserve currency and cyber aspects that have far-reaching implications for gold.
- [Uncovering the World of Uranium](/insights/uncovering-the-world-of-uranium/index.html.md): Host Ed Coyne is joined by Tim Rotolo, co-creator of the North Shore Global Uranium Mining Index (URNMX), to discuss the current dynamics of the uranium mining sector and how the Index is constructed to provide exposure to the key components of the uranium mining industry.
- [Unearthing Opportunity: Uranium Miners and the Global Clean Energy Transition](/insights/unearthing-opportunity-uranium-miners-and-the-global-clean-energy-transition/index.html.md): Energy infrastructure and commodity markets are coming into high focus. A new wave of technological changes geared towards higher energy efficiency is underway. We believe that nuclear energy and uranium miners are poised to benefit from this shift.
- [April Pressures Risk Assets](/insights/april-pressures-risk-assets/index.html.md): Gold lost 2.09% in April, a month marked by across-the-board outflows in many asset classes as volatility surged. By contrast, gold held in ETFs has increased sharply this year as the safe-haven flight continues. April was tough on many investment sectors, with the S&P 500 Index down 8.80%, the Nasdaq Composite Index declining 13.37% and U.S. Treasury bonds falling 3.10%. The U.S. dollar was one of the few beneficiaries as it neared multi-year highs.
- [NYSE with CEO John Ciampaglia on URNM](/insights/nyse-with-ceo-john-ciampaglia-on-urnm/index.html.md): Douglas Yones, NYSE Head of Exchange Traded Products, interviews John Ciampaglia, Chief Executive Officer, Sprott Asset Management, on the recent launch of Sprott Uranium Miners ETF (URNM).
- [Early Innings for Uranium Investments](/insights/early-innings-for-uranium-investments/index.html.md): A new uranium bull market is underway. Energy security and decarbonization are taking center stage globally, igniting a fresh and more rational look at the benefits of nuclear power. Ed Coyne, Senior Managing Director at Sprott, joins Tim Rotolo, co-creator of the North Shore Global Uranium Mining Index (URNMX), to explain how the Index is constructed to provide exposure to the key components of the uranium mining industry.
- [Platinum: The Rarest Precious Metal](/insights/platinum-the-rarest-precious-metal/index.html.md): Platinum is a metal that represents power, prestige, and a sense of great accomplishment. But platinum is so much more than just a status symbol. Modern day uses of platinum include being a key element in catalytic converters for vehicles, as it converts car exhaust gasses into less harmful substances, as a catalyst in the chemical industry, and even in the creation of life-saving anti-cancer drugs.
- [Uranium Miners and the Clean Energy Opportunity](/insights/uranium-miners-and-the-clean-energy-opportunity/index.html.md): A new uranium bull market is underway. Uranium miners are well positioned to take share within the energy sector as energy security and decarbonization take center stage globally.
- [Silver Demand and Supply Trends to Watch](/insights/silver-demand-and-supply-trends-to-watch/index.html.md): Silver, from a pricing standpoint, is historically undervalued relative to gold and offers an attractive investment opportunity. Silver market fundamentals are strong, given that declining supply trends cannot keep up with rising, longer-term demand. Post-COVID, silver demand is rebounding, led by industrial, jewelry and physical coin and bar investment. We are excited about silver's importance to green technology and de-carbonization trends like EVs.
- [Gold, Steady in its Purpose](/insights/gold-steady-in-its-purpose/index.html.md): May saw selling across most asset classes and scant appetite for safe haven assets such as gold. However, gold bullion has outperformed many other asset classes YTD and continues to do its job. Gold held its value with low correlation to the S&P 500 and lower volatility than other assets.
- [Gold Outlook, Inflation & Bullion vs. Miners](/insights/gold-outlook-inflation-bullion-vs-miners/index.html.md)
- [Palladium: The King of Catalysts](/insights/palladium-the-king-of-catalysts/index.html.md): As one of the key platinum group metals, palladium is a highly prized commodity. It commands more monetary value than gold and is 30 times as rare, with industrial demand outstripping supply for the last decade.
- [Gold Holds in Worst First Half in Decades](/insights/gold-holds-in-worst-first-half-in-decades/index.html.md): Gold continued to perform as a safe haven store of value in what has been one of the most challenging six-month periods for markets in decades. Gold has managed to stay above the $1,800 support level despite the broader market carnage. By contrast, equities (as measured by the S&P 500 Index) recorded their worst first-half start to a year since 1970 and bonds (U.S. Treasury Index) registered their worst first six months since 1973 (based on available data).
- [Inflation, No Quick Fix](/insights/inflation-no-quick-fix/index.html.md): If the Fed is to abandon the practice of inflating financial assets, which would represent a secular shift in direction, substantial deflation lies ahead from which the purchasing power of gold will surely rise in real terms. If there is a return to business as usual, papering over policy mistakes, we believe that the gold price has the potential to rise to all-time highs in nominal terms.
- [Signs of Capitulation Everywhere](/insights/signs-of-capitulation-everywhere/index.html.md): July was another difficult month for most asset categories and was characterized by selling capitulation into exhaustion. Much more aggressive Fed rate hike expectations relative to other global central banks were a significant cause of U.S. dollar (USD) strength and rising real yields, which adversely affected gold. Although gold bullion lost ground, it remains relatively better off than other many other assets for the year at -3.46% YTD through July 31, 2022.
- [SPUT: One Year Later](/insights/sput-one-year-later/index.html.md): Jonathan Hinze, UxC President: "When SPUT began trading in late July 2021, there were many questions about how it would affect the uranium market. With 12 months of trading now behind us, we can confidently state that SPUT has dramatically altered the spot uranium market with far-reaching effects on much of the industry."
- [Dawn of a New Nuclear Renaissance?](/insights/dawn-of-a-new-nuclear-renaissance/index.html.md): The Sprott Physical Uranium Trust (“SPUT”, TSX: U.U ($US); U.UN ($CA)) was launched just over a year ago in July 2021. While we were optimistic about the prospects for uranium, we could not foresee the tectonic shifts in the uranium sector that followed the launch and SPUT’s significant impact.
- [Red Cloud Summer Silver Conference 2022](/insights/red-cloud-summer-silver-conference-2022/index.html.md): Maria Smirnova, Senior Portfolio Manager & Chief Investment Officer, Sprott Asset Management, is interviewed by Taylor Combaluzier, Red Cloud Financial Services, in Fireside Chat: The Silver Perspective. Maria joins Tavi Costa, Partner & Portfolio Manager, Crescat Capital LL. and Peter Krauth, Author of "The Great Silver Bull" and Editor of the Silver Stock Investor Newsletter.
- [Summer Doldrums for Gold & Silver](/insights/summer-doldrums-for-gold-silver/index.html.md): It’s been a summer of doldrums for many asset classes. In our universe, however, uranium and other energy transition metals were a welcome exception to the market carnage — the spot uranium oxide composite was up 8.73% in August and 25.45% YTD. Precious metals, by contrast, lost ground as a liquidity crunch took hold in response to market declines and volatility. Gold lost 3.11% and silver fell 11.62% in August, while gold mining equities magnified gold bullion's loss by declining 10.00%.
- [Uranium’s August Glow](/insights/uranium-s-august-glow/index.html.md): Uranium, both physical uranium and mining equities, had standout performance in August, in contrast to the weak results posted by the broader markets. We believe uranium's gains reflect the growing acceptance of nuclear power among global governments as they seek alternatives to meet ambitious energy transition and security goals.
- [Things are Breaking](/insights/things-are-breaking/index.html.md): Relative to most asset classes, gold continues to outperform in a broad-based bear market. Since Q2 2020, gold has held above $1,700 but in mid-September, a significant risk-off wave occurred, breaking nearly every risk asset lower. The primary causes were higher than expected inflation data forcing yields (especially real yields) and the USD higher, two important gold drivers. With $1,700 support broken, the next level of support is about $1,550, the approximate pre-COVID trade level.
- [The Dollar, Safe Haven or Leaky Lifeboat?](/insights/the-dollar-safe-haven-or-leaky-lifeboat/index.html.md): The parabolic rise in the dollar contains the seeds of its own demise. The kiss of death, as for all overcrowded trades, is that it has become front page news. Dollar strength is a mirage, the reverse image of the flaw inherent in all paper currencies. The fatal flaw is that they are the ever increasing issuance of fiscal decay. The façade of dollar strength foretells a comeuppance for all currencies in the form of a steep devaluation in terms of gold.
- [Uranium's September Setback](/insights/uraniums-september-setback/index.html.md): September was tough on uranium (both physical and stocks), which was negatively impacted by the month's drawdowns. We believe the uranium bull market remains intact, especially given that many countries are facing energy shortages and rocketing costs.
- [Fed Pivot FOMO and Financial Instability](/insights/fed-pivot-fomo-and-financial-instability/index.html.md): The tough year continued in October for many asset classes, including gold and other precious metals. Gold demand, however, was strong in Q3 2022 as long-term investors took advantage of lower prices to build positions. With financial system stress cracks showing up, central banks are now trying to balance aggressively fighting the highest inflation levels in 40 years while maintaining financial stability in over-leveraged governments and markets.
- [Uranium's October Optimism](/insights/uraniums-october-optimism/index.html.md): The U3O8 uranium spot price climbed 8.32% in October, rising from $48.25 to $52.27 per pound. YTD as of October 31, 2022, the uranium spot price Has climbed by 24.12%. We believe the uranium bull market remains intact despite the negative macroeconomic environment.
- [Looking Ahead to Metals and Miners](/insights/looking-ahead-to-metals-and-miners/index.html.md): 2022 has been a difficult year for many asset classes. Markets were historically volatile, with higher-than-expected inflation, quickly rising interest rates, the Russia-Ukraine war and the threat of a global economic recession. While metals and mining investments shared in 2022’s volatility, we look ahead to brighter opportunities in 2023.
- [Gold Higher After Peak Fed Hawkishness](/insights/gold-higher-after-peak-fed-hawkishness/index.html.md): Gold and gold mining equities posted strong results in November, up 8.26% and 16.79%, respectively. Silver gained 15.81%. Risk assets were catalyzed higher by the Fed's signal that it would slow the pace of rate hikes, a better-than-expected October inflation report and speculation that China may phase out its zero-COVID policy.
- [The Optimistic News Continues](/insights/the-optimistic-news-continues/index.html.md): The uranium markets did not perform as well as other sectors in November, despite having posted relatively strong performance throughout 2022. While the price of U3O8 uranium has lagged since May 2022, conversion and enriched uranium prices have significantly appreciated.
- [Connecting a Few Dots](/insights/connecting-a-few-dots/index.html.md): Gold was an effective hedge in 2022, returning -0.28% for the bear market year. The yellow metal outperformed the S&P 500 Index, which declined 18.11%. Gold mining equities also outpaced the S&P 500. Looking ahead, we believe investors willing to seize the opportunity presented by inexpensive, unloved gold mining equities, will have the potential to reap substantial benefits from breaking the ranks of groupthink.
- [Fireside Chat: Investing in the Critical Minerals Driving the Energy Transition](/insights/fireside-chat-investing-in-the-critical-minerals-driving-the-energy-transition/index.html.md): A global clean energy transition is underway. Significant investment in energy infrastructure will be required over the coming decades as we evolve how we generate, transmit and store energy. Critical minerals will be essential.
- [2023 Top 10 Watch List](/insights/2023-top-10-watch-list/index.html.md): This year’s top 10 list offers Sprott’s thoughts on what will likely drive markets in the coming year and decade, from a macro perspective and the vantage of our asset classes: Precious Metals and Energy Transition Materials.
- [Key Trends for 2023 and December Recap](/insights/key-trends-for-2023-and-december-recap/index.html.md): Three key themes for uranium markets in 2023: 1) increased emphasis on energy security worldwide; 2) higher conversion/enrichment prices may boost spot uranium prices; and 3) the global energy transition supports the case for nuclear power.
- [Strong China Demand Boosts Gold Rally](/insights/strong-china-demand-boosts-gold-rally/index.html.md): January was another positive month for gold bullion. We saw strong gold buying from China, with estimated tonnes purchased at the highest level since 2017. Price action and trading desk anecdotes indicate significant buying from China's "official sector", including the People’s Bank of China. This was in stark contrast to China's accelerated selling of U.S. Treasuries.
- [Uranium‘s January Jump](/insights/uranium-s-january-jump/index.html.md): January was an excellent month for uranium markets, with U3O8 uranium spot price posting a 5.05% increase and uranium mining equities gaining 14.65%. Looking ahead, we believe the uranium bull market still has a long way to run.
- [Value Investor Insight: From the Ground Up](/insights/value-investor-insight-from-the-ground-up/index.html.md): Value Investor Insight interviewed Whitney George, John Ciampaglia, John Hathaway, Matthew Haynes and Per Jander on the key global macroeconomic shifts that have prompted Sprott to broaden and deepen its focus on real assets and energy transition investing. CEO Whitney George: "For the global energy transition, decarbonization initiatives will require an enormous amount of mined material. Chronic underinvestment in supply capacity and the difficulty in bringing mines to production indicate that supply is not likely to keep up with demand, putting upward pressure on prices for many energy transition materials."
- [Critical Materials Start 2023 With a Bang](/insights/critical-materials-start-2023-with-a-bang/index.html.md): We believe we are in the early stages of an energy transition materials secular bull market and favorable supply-demand dynamics are likely going forward.
- [The Energy Transition Is Here. Is Your Portfolio Ready?](/insights/the-energy-transition-is-here-is-your-portfolio-ready/index.html.md): As the world sets aggressive goals to reduce reliance on fossil fuels and move to cleaner energy sources, critical minerals will be essential. Due to years of underinvestment, we believe demand will outstrip supply for many energy transition materials.
- [Bloor Street Capital Nuclear and Uranium Conference](/insights/bloor-street-capital-nuclear-and-uranium-conference/index.html.md): Bloor Street Capital's Nuclear and Uranium Virtual Conference featured John Ciampaglia, CEO of Sprott Asset Management, and Per Jander, WMC Energy, Director, Nuclear & Renewables, interviewed by James Connor, Managing Partner at Bloor Street Capital.
- [First Gold Dip Since Central Bank Buying Spree](/insights/first-gold-dip-since-central-bank-buying-spree/index.html.md): Gold fell in February, closing the month at $1,827 in a correction characterized by a stall in buying, but not selling. Since gold's autumn 2022 low of $1,622, global central banks have been buying gold at record rates; more than three times their long-term averages.
- [Uranium‘s Mixed February](/insights/uranium-s-mixed-february/index.html.md): Although markets in February saw a reversal of January's positive performance, spot uranium posted a slight gain of 0.20%, outperforming many other asset classes. Uranium miners made headlines with significantly-sized uranium contracts that reflect higher demand for long-term supply commitments.
- [Has the Next Commodities Supercycle Begun?](/insights/has-the-next-commodities-supercycle-begun/index.html.md): February saw energy transition materials/critical minerals markets correct, but the secular story remains strong. As the global energy transition "arms race" heats up, the drive to secure supply is fast becoming more important than price.
- [Is My Money Safe?](/insights/is-my-money-safe/index.html.md): Let it be said here that the financial media at best pays only lip service to the thought: there is likely no safer asset than physical gold. The yellow metal has no counterparty risk (unlike all other financial instruments including bank deposits and government bonds), is highly liquid and has an unbroken record of retaining value in absolute terms and relative to financial assets.
- [Gold Bulls Run Faster as Fed Tackles Banking Crisis](/insights/gold-bulls-run-faster-as-fed-tackles-banking-crisis/index.html.md): In March, gold posted its highest monthly close since July 2020 and rounded out a solid Q1 2023 gain of 7.96%. Gold is now up 21.38% from last autumn's low (9/26/22) following the most aggressive central bank purchases in decades and gold investment flows catalyzed by the U.S. banking crisis.
- [Uranium Proves Resilient in March](/insights/uranium-proves-resilient-in-march/index.html.md): The U3O8 uranium spot price fell slightly in March, from $50.85 to $50.70. YTD through 3/31/2023, uranium has gained 4.93%, demonstrating resilience relative to other commodities (down 6.47% as measured by the BCOM Index).
- [A Bullion "Moat" for Your Portfolio](/insights/a-bullion-moat-for-your-portfolio/index.html.md): In Q1 2023, precious metals bullion and equities showed strong YTD momentum, with gold closing above the psychologically important $2,000 per ounce mark and silver reaching $25. Gold/silver mining equities also posted notable gains. We believe that investments in precious metals bullion, especially, have the potential to provide a safe haven "moat" to investment portfolios.
- [How Deglobalization is Changing the Dynamics of Securing Critical Minerals](/insights/how-deglobalization-is-changing-the-dynamics-of-securing-critical-minerals/index.html.md): Commodity prices weakened in March in reaction to financial system stress and recession fears. As deglobalization accelerates, unfettered access to critical minerals is not likely to last.
- [Uranium’s April Breakthrough](/insights/uranium-s-april-breakthrough/index.html.md): The U3O8 uranium spot price climbed 6.01% in April, closing the month at $53.74 per pound. In April, the U3O8 price reacted positively to China's bullish comments about its ambitious plans to expand its nuclear energy capacity to supply 18% of its electricity needs by 2060, up from 5% today.
- [Nationalization and Surging M&A Highlight Secular Strength](/insights/nationalization-and-surging-ma-highlight-secular-strength/index.html.md): The long-term secular growth outlook for energy transition minerals got several boosts in April, despite tepid performance for the month. Chile's decision to nationalize its lithium reserves reinforces the metal's role as a global strategic economic asset.
- [Gold Rides Higher on Recession Fears](/insights/gold-rides-higher-on-recession-fears/index.html.md): The gold market continues to be bullish as the probability of a recession rises, regional banking stress resurfaces and the Fed seems determined "get inflation down to 2%, over time".
- [Gold: A Safe Haven without Parallel?](/insights/gold-a-safe-haven-without-parallel/index.html.md): Replay our webcast featuring John Hathaway and Doug Groh, discussing the current outlook for gold and gold mining equities. Gold has proven to be an effective safe haven asset during this challenging period, which began with the early 2022 Russia-Ukraine invasion and was followed by rising interest rates, stubborn inflation and the 2023 banking crisis. We believe near-term support for gold will remain at ~$2,000 and that markets are likely to test new highs.
- [Unearthing Investment Opportunities in Precious Metals and Critical Minerals](/insights/unearthing-investment-opportunities-in-precious-metals-and-critical-minerals/index.html.md): Sprott CEO Whitney George discusses the growing interest in critical minerals investing. George explains how Sprott has expanded beyond "all things gold" to offer physical uranium and is now a recognized asset manager in the energy transition space.
- [A New Era: How Critical Minerals Are Driving the Global Energy Transition](/insights/a-new-era-how-critical-minerals-are-driving-the-global-energy-transition/index.html.md): Critical minerals are essential for the global energy transition as we gradually phase out CO2-intensive energy sources with cleaner sources, including nuclear, solar, wind, hydro and geothermal energy and greater use of electric vehicles (EVs).
- [Bloor Street Capital Virtual Copper Conference](/insights/bloor-street-capital-virtual-copper-conference/index.html.md): Sprott Asset Management’s Shree Kargutkar, CFA, speaks with Bloor Street Capital’s Jimmy Connor at the May 11 Virtual Copper Conference. Shree discussed the supply/demand scenario for the metal and how it may change with the growth of electric vehicles, geopolitical factors impacting global copper mining and recent M&A activity in the sector. He and outlined the potential investment opportunity copper and its miners provide.
- [The West Moves to Weaken China's Hold](/insights/the-west-moves-to-weaken-chinas-hold/index.html.md): Lithium and lithium miners staged a sharp rebound rally in May and were the positive exception among critical minerals. The sector was weighed down by China's faltering recovery, ongoing global growth concerns and the U.S. debt ceiling drama.
- [Geopolitical Risks Enhance Gold’s Role as a Reserve Asset](/insights/geopolitical-risks-enhance-gold-s-role-as-a-reserve-asset/index.html.md): Gold attempted to breakout above $2,050 in early May before drifting lower as the U.S. debt-ceiling drama deepened and the U.S. dollar strengthened. At the same time, global central banks have been accumulating gold at a record pace.
- [Uranium Remains Resilient, While Threats of Nationalism Rattle Equities](/insights/uranium-remains-resilient-while-threats-of-nationalism-rattle-equities/index.html.md): The U3O8 uranium spot price gained 1.58% in May, increasing from US$53.74 to $54.59 per pound as of May 31, 2023. Uranium has posted a healthy 12.99% year-to-date return as of May 31, and continued to show strength and diversification relative to other commodities, which declined 13.16% YTD.
- [EV Battery Independence and the New U.S. Manufacturing Supercycle](/insights/ev-battery-independence-and-the-new-us-manufacturing-supercycle/index.html.md): Energy transition metals miners posted strong results in June, with uranium mining equities leading the group.
- [Gold vs. Gold Stocks:  An Unresolved Incongruity](/insights/gold-vs-gold-stocks-an-unresolved-incongruity/index.html.md): Gold mining stocks are inextricably connected to the price behavior of gold bullion. Yet their recent response to the gold bull market has been disappointing. If gold should rise above the psychological $2,000 threshold, this may provide a strong catalyst for gold mining stocks.
- [Supply-Demand Gap Ignites Uranium Rally](/insights/supply-demand-gap-ignites-uranium-rally/index.html.md): Uranium markets rallied in June with the U3O8 uranium spot price adding 2.61%. U3O8 has climbed a healthy 15.95% YTD, while most other commodities have lost ground. Greater focus on the uranium supply-demand gap helped boost uranium mining stocks in June, with junior miners up 18.88%.
- [Central Banks Flex Gold Market Muscle](/insights/central-banks-flex-gold-market-muscle/index.html.md): In the first half of 2023, the gold bullion price rose by 5.23% despite competition from a euphoric equity market. Even with contrasting approaches, central banks and investment funds became the main players shaping the gold market in the first half of the year.
- [Sprott Update on Gold, Uranium and Battery Metals - CEO John Ciampaglia](/insights/sprott-update-on-gold-uranium-and-battery-metals-ceo-john-ciampaglia/index.html.md): John Ciampaglia, CEO of Sprott Asset Management, sits down with James Connor of Bloor Street Capital to discuss the current state of the gold market, the resilience of uranium compared to other commodities, the growth of the battery metals sector and Sprott’s focus on providing investors with access to energy transition investments.
- [Uranium, Lithium, Copper, Gold and Silver and Changing Attitudes Toward Commodities](/insights/uranium-lithium-copper-gold-and-silver-and-changing-attitudes-toward-commodities/index.html.md): John Ciampaglia, CEO of Sprott Asset Management discusses why a higher uranium price will help incentivize much needed production for the world's growing nuclear fleet. John also discusses his outlook on gold, silver, copper, lithium and more.
- [Growing Urgency to Modernize U.S. Power Grid](/insights/growing-urgency-to-modernize-us-power-grid/index.html.md): Given increased electricity demand and the risks posed by climate change, the U.S. power grid desperately needs modernization. There is an immediate need to expand the grid’s capacity, increase its resilience and support its most vulnerable components – the transmission and distribution lines.
- [Stars are Aligning for Uranium and Nuclear Energy](/insights/stars-are-aligning-for-uranium-and-nuclear-energy/index.html.md): Uranium continued to outshine other commodities, with U3O8 surging 16.35% and uranium miner stocks climbing 9.11% YTD as of July 31, 2023. The growing embrace of nuclear energy is driving demand and sparking a resurgence in uranium mine operations.
- [Electric Vehicles and the Growing Opportunity for Lithium Miners](/insights/electric-vehicles-and-the-growing-opportunity-for-lithium-miners/index.html.md): Electric vehicle (EV) adoption has surged in recent years, creating unprecedented demand for lithium, a critical component of EV batteries.
- [U.S. Taking Center Stage in Cleantech Investment](/insights/us-taking-center-stage-in-cleantech-investment/index.html.md): Uranium had a strong month in August, contrasting with the decline of most energy transition metals due to China's economic troubles and shadow banking woes.
- [Strong Fundamentals Anchor Uranium's Rise](/insights/strong-fundamentals-anchor-uraniums-rise/index.html.md): Uranium and uranium mining stocks had a strong month in August. YTD as of 8/31/2023, spot uranium and uranium mining stocks have climbed 25.49% and 21.52%, respectively, outperforming the frothy S&P 500 TR Index's YTD return of 18.73%.
- [The Great Power Shift: Uranium, Battery Metals and the Energy Transition](/insights/the-great-power-shift-uranium-battery-metals-and-the-energy-transition/index.html.md): The clean energy transition and worldwide energy security goals are fueling a global power shift. This shift has reignited interest in nuclear power, accelerated electric vehicle (EV) adoption and spurred renewable energy deployment.
- [Pro-Nuclear Sentiment Ignites Uranium Opportunities](/insights/pro-nuclear-sentiment-ignites-uranium-opportunities/index.html.md): The global nuclear power industry is experiencing a revival. Geopolitical events and a surge in energy demand have shifted sentiment positively, with countries investing in new nuclear reactor builds, restarts and extensions.
- [How the Uranium Market Works](/insights/how-the-uranium-market-works/index.html.md): Per Jander, WMC Technical Advisor to Sprott Physical Uranium Trust, draws upon his years of experience as a uranium trader to reveal how the market works. Who are the buyers and sellers, how is uranium transacted and how will the market evolve moving forward?
- [Uranium Rally Gains Power in September](/insights/uranium-rally-gains-power-in-september/index.html.md): Uranium and uranium mining stocks posted their best month in two years, as the price of U3O8 reached a 12-year high. YTD as of 9/30/23, physical uranium has risen 51.88% and uranium mining equities have gained 23.93%.
- [Silver Demand Grows as Solar Leads Renewables](/insights/silver-demand-grows-as-solar-leads-renewables/index.html.md): Uranium's performance helped the energy transition complex close higher in September. From a macro outlook, solar panels are emerging as a critical player in the global energy transition.
- [Uranium Update with Bloor Street Capital](/insights/uranium-update-with-bloor-street-capital/index.html.md): John Ciampaglia, CEO of Sprott Asset Management: "Uranium has been one of the shining lights among commodities, given that it has had strong performance year to date. I think many investors are interested in what's going on in the uranium space, whether they are deeply involved in the trade or new to it. Investors are trying to understand the key drivers."
- [Gold and the Debt Bubble](/insights/gold-and-the-debt-bubble/index.html.md): Despite recent weakness in gold and precious metals stocks, we believe gold may be poised for stronger performance in the coming months. The Federal Reserve's "higher for longer" stance on interest rates is unsustainable and could lead to a general credit deflation and a recession. Trouble is brewing in the banking system and the labor market, which could further support a rise in gold prices.
- [Central Banks Support Gold & Solar PV Demand Buoys Silver](/insights/central-banks-support-gold-solar-pv-demand-buoys-silver/index.html.md): Despite a pullback on gold investments, demand from sovereigns and central banks remains unwavering. Over the past decade, China has been committed to bolstering its gold reserves to enhance its economic and geopolitical standings.
- [The Energy Transition to Uranium and Battery Metals](/insights/the-energy-transition-to-uranium-and-battery-metals/index.html.md): Ed Coyne, Senior Managing Partner, sits down with Gillian Kemmerer of Asset TV to discuss the energy transition to uranium and other battery metals, and what investors should take into consideration in this space. He also shares Sprott's outlook on gold.
- [Uranium Rally in Early Innings, Sprott Asset Management CEO Suggests](/insights/uranium-rally-in-early-innings-sprott-asset-management-ceo-suggests/index.html.md): John Ciampaglia, CEO of Sprott Asset Management joins CNBC's Fast Money to talk about the uranium market and share Sprott's views on the benefits of nuclear energy and the need for energy security.
- [Energy Security and the Shifting Focus from Oil to Critical Minerals](/insights/energy-security-and-the-shifting-focus-from-oil-to-critical-minerals/index.html.md): As the United States advances in its pursuit of clean energy, it is strategically redirecting its energy security emphasis from oil to critical minerals.
- [Higher Uranium Prices Allow Miners to Resume Production](/insights/higher-uranium-prices-allow-miners-to-resume-production/index.html.md): The uranium price increased in October, reaching a 12-year high at $74.48 per pound. Although uranium mining stocks pulled back last month, the stronger uranium price has boosted producer revenues and the potential for mine restarts and new developments.
- [Battery Metals with Bloor Street Capital](/insights/battery-metals-with-bloor-street-capital/index.html.md): Bloor Street Capital's Nuclear and Uranium Virtual Conference featured John Ciampaglia, CEO of Sprott Asset Management, and Per Jander, WMC Energy, Director, Nuclear & Renewables, interviewed by James Connor, Managing Partner at Bloor Street Capital.
- [Uranium Market Outlook 2024](/insights/uranium-market-outlook-2024/index.html.md): Per Jander and James Connor discuss the uranium market, highlighting the catalysts for sharp increases in uranium prices in 2023, including increased utility and producer activity, production shortfalls from major players like Cameco and Orano, and geopolitical uncertainties affecting supply.
- [Gold’s Bold Move to New Closing High](/insights/gold-s-bold-move-to-new-closing-high/index.html.md): On Friday, December 1, 2023, spot gold bullion registered an all-time high closing price of $2,072.22, surpassing the prior closing high of $2,063.54 reached on August 6, 2023. Risk assets have been helped by lower long-term bond yields, a weakening U.S. dollar and reocrd buying of gold by central banks.
- [Lithium-Ion Technology Solidifies Lead in EV Battery Stakes](/insights/lithium-ion-technology-solidifies-lead-in-ev-battery-stakes/index.html.md): The long-term trajectory for EVs is positive despite the recent slowdown. The EV industry is navigating the typical challenges of early technology adoption, with continuous investments and technological advancements driving the transition to electrification.
- [Future Facing Metals, Both Precious and Critical](/insights/future-facing-metals-both-precious-and-critical/index.html.md): The global energy transition is changing the mining industry. Miners are shifting focus from a China-led commodity supercycle focused on industrialization and urbanization to a new cycle driven by clean energy and renewable energy technologies. Forward facing metals play a significant role in this dynamic.
- [Uranium & Nuclear Get Boost from COP28](/insights/uranium-nuclear-get-boost-from-cop28/index.html.md): The U3O8 uranium spot price broke through $80 per pound, gaining 8.39% in November and is up 67.10% YTD; uranium stocks followed suit. COP28 was dubbed the "nuclear COP" in recognition of nuclear power's increasing importance and a growing awareness of a uranium supply-demand gap.
- [What a Year for Uranium and Nuclear Energy](/insights/what-a-year-for-uranium-and-nuclear-energy/index.html.md): 2023 provided the long-awaited inflection point for the uranium contracting cycle whereby we have finally achieved replacement rate levels. We believe the era of uranium inventory destocking and utility complacency is over.
- [Sergio Lujan Talks Sprott’s Expertise and the Gold Markets with RIA Channel](/insights/sergio-lujan-talks-sprott-s-expertise-and-the-gold-markets-with-ria-channel/index.html.md): At the 2023 Schwab Impact conference, Sergio Lujan joined Keith Black of RIA Channel to discuss Sprott’s specialization in precious metals, the current state of the gold market, along with our outlook.
- [Sprott Gold Report: Gold Mining Stocks, A Clear and Compelling Investment Case](/insights/sprott-gold-report-gold-mining-stocks-a-clear-and-compelling-investment-case/index.html.md): The investment case for gold mining equities is compelling, grounded in value analysis. A challenge is having the patience to wait for investors to discover the attraction.
- [Nuclear Waste: Dispelling Fears and Myths](/insights/nuclear-waste-dispelling-fears-and-myths/index.html.md): Nuclear waste is not something to be feared. The care with which it is handled and stored contributes to the fact that nuclear power is one of the safest forms of baseload energy generation known to humanity. In this video, we dispel the many fears and concerns about spent nuclear fuel.
- [Special Report: Top 10 Themes for 2024](/insights/special-report-top-10-themes-for-2024/index.html.md): What forces are likely to drive energy transition materials and precious metals markets in 2024 and over the next decade?
- [Sprott is Bullish on Uranium as Governments Shift to the Energy Source](/insights/sprott-is-bullish-on-uranium-as-governments-shift-to-the-energy-source/index.html.md): John Ciampaglia, CEO of Sprott Asset Management, sits down with Andrew Bell of BNN Bloomberg to discuss the uranium market and Sprott’s growth in the space.
- [Sprott Uranium Update 2024](/insights/sprott-uranium-update-2024/index.html.md): John Ciampaglia, CEO Sprott Asset Management, joins James Connor at the Bloor Street Capital Virtual Uranium Conference to examine the growing interest in the uranium market, the current state of the spot and contracting markets and Sprott’s movement in the space.
- [Radioactive-Asset Manager](/insights/radioactive-asset-manager/index.html.md): Whitney George, CEO of Sprott, joined Evan Lorenz to discuss Sprott's growth and the increasing demand for critical materials, including uranium. George: "The world is going to wake up and discover that there are huge deficits in things like copper, lithium and nickel. They're volatile, but as contrarians, we have the ability to move in when others are going the other way."
- [The Emerging Renewable Energy Economy](/insights/the-emerging-renewable-energy-economy/index.html.md): A significant transition is underway in global energy production. The era of renewable energy is emerging and beginning to reshape power generation.
- [Uranium Price Returns to Triple Digits](/insights/uranium-price-returns-to-triple-digits/index.html.md): Uranium price surged 11% in January to $101 per pound, fueled in part by Kazatomprom's cut in guidance for 2024 production by ~14%. Junior uranium miners were top performers for the month, climbing 18.78%.
- [John Hathaway: Gold Stocks "Ridiculously Cheap," What Will Make Them Move?](/insights/john-hathaway-gold-stocks-ridiculously-cheap-what-will-make-them-move/index.html.md): Sprott's John Hathaway shares his thoughts on the disconnect between the gold price and gold stocks, explaining why it's happening, whether he's seen it before and what could make gold stocks finally start moving.
- [Copper: The Red Metal's Central Role in Powering Our Net-Zero Carbon Future](/insights/copper-the-red-metals-central-role-in-powering-our-net-zero-carbon-future/index.html.md): Today, in the United States alone, copper is a crucial element in nearly 7 million miles of electrical transmission and distribution wires. This white paper introduces the trends that are driving copper markets and copper miners, and explains our positive outlook for growth.
- [Copper: Wired for the Future](/insights/copper-wired-for-the-future/index.html.md): The demand for copper in energy grids, electric vehicles and clean energy technologies, combined with diminishing ore grades and limited inventories, underscores copper's growing importance. We believe copper prices and miners are likely to benefit from the growing supply-demand gap.
- [The Nuclear Energy Comeback and Uranium Powering It](/insights/the-nuclear-energy-comeback-and-uranium-powering-it/index.html.md): John Ciampaglia, CEO of Sprott Asset Management, joins Thalia Hayden on Sprott’s new video series, Shifting Energy. They discuss surging uranium prices, the latest nuclear renaissance and potential investment opportunities.
- [Global Investment Pours into Renewable Energy](/insights/global-investment-pours-into-renewable-energy/index.html.md): February was a lackluster month for critical materials, but the backdrop remains very positive. The global commitment to clean energy hit a new milestone in 2023 as investment in energy transition surged to an unprecedented $1.77 trillion, led by electrified transport.
- [Nasdaq Investment News: Copper and its Role in the Transition to Cleaner Energy](/insights/nasdaq-investment-news-copper-and-its-role-in-the-transition-to-cleaner-energy/index.html.md): Ed Coyne stops by Nasdaq Investment News to discuss copper’s role in the energy transition, its current status in the market and how Sprott is capturing the potential opportunity with the Sprott Copper Miners ETF (COPP) and the Sprott Junior Copper Miners ETF (COPJ).
- [Nasdaq TradeTalks: How the Demand for Copper Could be Impacted by the Transition to Cleaner Energy](/insights/nasdaq-tradetalks-how-the-demand-for-copper-could-be-impacted-by-the-transition-to-cleaner-energy/index.html.md): Steve Schoffstall visits Nasdaq TradeTalks to talk about Sprott’s continued expansion in the critical minerals sector, including the launch of Sprott Copper Miners ETF (COPP).
- [Uranium Bull Market Takes a Healthy Pause](/insights/uranium-bull-market-takes-a-healthy-pause/index.html.md): Uranium markets pulled back in February after a rapid rise—in our view, this is a healthy pause in the ongoing uranium bull market.
- [Uranium and Copper: The Elements of Energy](/insights/uranium-and-copper-the-elements-of-energy/index.html.md): Electricity demand is expected to grow 86% by 2050. At the same time, most of the world is committed to seeking zero-carbon emissions and increasing nuclear energy capacity.
- [The Elements of Energy: Uranium and Copper](/insights/the-elements-of-energy-uranium-and-copper/index.html.md): Learn how renewed interest in nuclear power, rising global energy demands, and the transition to clean energy are driving investment opportunities in uranium, copper and their miners.
- [The Copper Growth Story](/insights/the-copper-growth-story/index.html.md): In this episode of Shifting Energy (Season 1), Thalia Hayden @etfguide talks with Ed Coyne, Senior Managing Partner and Steve Schoffstall, Director of ETF Product Management at Sprott Asset Management about the copper growth story, what's driving it and the investment opportunities now and ahead.
- [Gold Is on the Rise and Reaches All-Time High](/insights/gold-is-on-the-rise-and-reaches-all-time-high/index.html.md): Gold reached an all-time closing high and is up 8.09% YTD (as of 3/31/2024) after rising 13.10% in 2023. We believe several fundamental factors are in place for gold to move higher, in particular, strong central bank buying.
- [What Does the Gold Price Breakout Mean?](/insights/what-does-the-gold-price-breakout-mean/index.html.md): The breakout in gold prices since February has been largely ignored by mainstream investors. Gold bullion’s breakout is significant in that it represents the positive resolution of a three-year standoff, consolidation, or tug of war between bulls and bears. The indifference of investors in Western capital markets suggests to us that there is significant potential for further upside.
- [Battery Storage Is the Technological Cornerstone for a Sustainable Energy Future](/insights/battery-storage-is-the-technological-cornerstone-for-a-sustainable-energy-future/index.html.md): The energy sector has experienced a remarkable transformation, primarily driven by the rapid growth and integration of renewable energy sources.
- [Sprott CEO Says He’s Bullish on Gold in the Near-Term Thanks to China Buying](/insights/sprott-ceo-says-he-s-bullish-on-gold-in-the-near-term-thanks-to-china-buying/index.html.md): John Ciampaglia, CEO of Sprott Asset Management, joins CNBC's Fast Money to talk about the gold market and explain how central banks and overseas buyers are driving current demand.
- [Miners Ignore Softer Uranium Price](/insights/miners-ignore-softer-uranium-price/index.html.md): The uranium market showed mixed performance in March: the spot uranium price fell but miners' stocks rose due to long-term positive outlook for uranium demand. With no meaningful new supply on the horizon for three to five years, we believe the uranium bull market has further room to run.
- [Nuclear Revival: A Resurgence for Uranium Miners](/insights/nuclear-revival-a-resurgence-for-uranium-miners/index.html.md): Rising global commitments to nuclear energy are helping to make uranium a compelling investment.
- [The Case for Investing in Nickel Miners](/insights/the-case-for-investing-in-nickel-miners/index.html.md): Nickel's future looks promising due to its role in achieving net-zero emission goals. Stricter regulations and government support for electric vehicles are driving up demand for nickel, which will benefit nickel mining companies in the long run.
- [AI's Critical Impact on Electricity and Energy Demand](/insights/ais-critical-impact-on-electricity-and-energy-demand/index.html.md): The rise of AI and data centers is likely to significantly increase global electricity demand, creating challenges for power grids but also opportunities for stable, clean energy sources like nuclear power.
- [Gold and Silver: Precious Metals On the Move](/insights/gold-and-silver-precious-metals-on-the-move/index.html.md): Replay our webcast, focused on gold and silver, and featuring John Hathaway and Maria Smirnova. Gold is enjoying strong support from central bank buyers like China, looking for an alternative to the U.S. dollar.
- [Silver’s Critical Role in the Clean Energy Transition](/insights/silver-s-critical-role-in-the-clean-energy-transition/index.html.md): Silver is a critical player in the global shift toward cleaner energy. Solar panels and EVs, both essential for curbing greenhouse gas emissions, rely heavily on silver. Other new technologies, including AI, have also sparked demand for silver, while overall silver supply has declined.
- [A New Copper Supercycle Is Emerging](/insights/a-new-copper-supercycle-is-emerging/index.html.md): The copper market is entering a new supercycle, built on several rising geopolitical and market trends contributing to a strong bullish outlook. Demand is surging as countries invest in clean energy and protect their access to copper, while supply is constrained by a lack of new mine development.
- [Uranium Miners Lead Market Higher](/insights/uranium-miners-lead-market-higher/index.html.md): Thus far in 2024, the uranium spot price has stabilized between $85 to $95 per pound after a significant 88.54% increase in 2023. This phase indicates a healthy correction within a bullish market cycle. Uranium miners have shown improved performance, catching up to gains in the spot price.
- [Uncovering Big Opportunities and Demand in Nickel for Investors](/insights/uncovering-big-opportunities-and-demand-in-nickel-for-investors/index.html.md): In this episode of Shifting Energy (Season 1), Thalia Hayden of etfguide talks with Steve Schoffstall, Director of ETF Product Management at Sprott Asset Management, about the nickel growth story, what's driving it and the investment opportunities now and ahead.
- [Fourth Industrial Revolution Fuels Global Competition for Critical Minerals](/insights/fourth-industrial-revolution-fuels-global-competition-for-critical-minerals/index.html.md): The world is in the midst of a fourth industrial revolution (4IR) as technological developments like artificial intelligence (AI), robotics, IoT, genetic engineering and quantum computing bring about an unprecedented integration of the digital, physical and biological realms.
- [Gold Outlook with John Hathaway](/insights/gold-outlook-with-john-hathaway/index.html.md): What will take the gold price higher? John Hathaway, Senior Portfolio Manager, provides his thoughts on why gold isn't moving and what will take it higher.
- [Copper and AI: Understanding the Opportunity for ETF Investors](/insights/copper-and-ai-understanding-the-opportunity-for-etf-investors/index.html.md): In this episode of Shifting Energy (Season 1), Thalia Hayden of @etfguide talks with John Ciampaglia, CEO of Sprott Asset Management, about the growing energy requirements of AI and how uranium, copper, silver and other metals may benefit.
- [Gold’s Record-Setting Quarter and Silver’s Resurgence](/insights/gold-s-record-setting-quarter-and-silver-s-resurgence/index.html.md): Gold has been on the move since Q2 ended, after having gained 12.79% year-to-date as of June 30, gold's best six-month start since 2020. Gold enjoyed strong support from central bank buying. Silver closed Q2 at $29.14, its highest quarterly close since Q3 2012.
- [U.S. Dollar, Decline and Fall](/insights/us-dollar-decline-and-fall/index.html.md): Gold’s breakout may signify more than one might infer from the continuing lack of interest. Inflows into the precious metals mining space have the potential to generate compelling outcomes. We believe the window of opportunity to position this sector on attractive investment terms is beginning to narrow quickly.
- [Uranium Case Strengthens](/insights/uranium-case-strengthens/index.html.md): The uranium spot price has remained range-bound between $85 and $95 per pound, and ended the first half at $85.34 (June 30, 2024). Uranium miners fell in June, but bounced back in early July, outperforming the commodity YTD.
- [Lithium: Short-Term Opportunities for a Long-Term Trend](/insights/lithium-short-term-opportunities-for-a-long-term-trend/index.html.md): This might be an ideal moment to re-evaluate lithium miners given their potential to benefit as the global energy transition continues. The current dip in the price of lithium miners presents a potential short-term opportunity, given the strong future demand and supply imbalance.
- [The AI Revolution and Data Centers: A New Frontier in Energy Demand](/insights/the-ai-revolution-and-data-centers-a-new-frontier-in-energy-demand/index.html.md): Significant investments in AI-related tech stocks have helped push the S&P 500 Index to record highs this year.
- [Core Conversations on Silver Featuring Maria Smirnova](/insights/core-conversations-on-silver-featuring-maria-smirnova/index.html.md): Chief Investment Officer Maria Smirnova talks silver with Mark Bunting of Red Cloud Financial Services, RCTV LIVE. Maria takes a deep dive into what is providing support for silver in 2024, which is up 21.90% as of July 31, 2024.
- [The Unstoppable Rise of Renewable Energy](/insights/the-unstoppable-rise-of-renewable-energy/index.html.md): Renewable energy is rapidly replacing fossil fuels as costs decrease and efficiencies improve with increased deployment, making it much cheaper than traditional energy sources.
- [Gold Tops $2,500: A Technical View](/insights/gold-tops-2-500-a-technical-view/index.html.md): Gold has surged above the psychological $2,500 level, driven by factors not easily explained by traditional market variables, suggesting possible central bank or sovereign activity rather than usual market dynamics.
- [Video - Sprott Trusts in Two Minutes](/insights/video-sprott-trusts-in-two-minutes/index.html.md)
- [Sprott CEO John Ciampaglia on Underpriced Silver Catching Up to Gold](/insights/sprott-ceo-john-ciampaglia-on-underpriced-silver-catching-up-to-gold/index.html.md): Silver prices should spike higher with gold hitting a new all-time high above $2,500 an ounce, said John Ciampaglia, CEO of Sprott Asset Management, when speaking with Kitco Mining. “It's mind-boggling to us that silver is still below $30. It is obviously way off its 2010 highs, and we would love to see it get back to the $50 level,” said Ciampaglia. “We think it has the ability to do that over time.”
- [An Inside Look at the Global War for Lithium, Copper and Critical Minerals with Author Ernest Scheyder](/insights/an-inside-look-at-the-global-war-for-lithium-copper-and-critical-minerals-with-author-ernest-scheyder/index.html.md): Author and acclaimed Reuters journalist Ernest Scheyder discusses his book, The War Below: Lithium, Copper, and the Global Battle to Power Our Lives, with Sprott's Steve Schoffstall in this exclusive interview.
- [John Hathaway's Macro View on Gold](/insights/john-hathaways-macro-view-on-gold/index.html.md): In this exclusive interview with Metals and Miners, John Hathaway offers a comprehensive analysis of the current economic landscape. From the deteriorating economic metrics to the growing threat of de-dollarization, Hathaway provides expert insights on the most pressing issues facing investors today. John Hathaway is a Managing Partner and the Senior Portfolio Manager for Sprott Asset Management, and has more than five decades of experience as portfolio manager, founder and Certified Financial Advisor.
- [Uranium Markets Shake Off Summer Doldrums](/insights/uranium-markets-shake-off-summer-doldrums/index.html.md): The uranium market has faced short-term volatility, including price declines driven by geopolitical tensions and economic concerns. Despite these challenges, the long-term outlook remains strong.
- [An Investor's Guide to Precious Metals and Critical Materials](/insights/an-investors-guide-to-precious-metals-and-critical-materials/index.html.md): 2024 has been an exciting year thus far for precious metals and critical materials. This webcast takes a technical perspective on the key drivers for gold, silver, uranium and copper, as all four metals enjoy positive markets. We also provide strategic portfolio allocation ideas for precious metals and critical materials.
- [The Stage Is Set](/insights/the-stage-is-set/index.html.md): We believe gold mining equities are poised for growth, as they remain undervalued despite rising gold prices. Western investors have largely ignored gold, but any shift has the potential to push gold prices higher, which will likely benefit miners. In our view, the current market displays the signs of an early-stage bull market.
- [U.S. Electricity Grid Remakes Itself](/insights/us-electricity-grid-remakes-itself/index.html.md): Demand for electricity over the next decade will put pressure on the U.S. power grid to keep pace.
- [Gold and Silver Enjoy Continued Rally](/insights/gold-and-silver-enjoy-continued-rally/index.html.md): Gold and silver prices surged in Q3 2024, driven by central bank buying and macroeconomic factors. While gold experienced a historic price increase, silver's price was influenced by both its precious metal value and industrial demand.
- [Big Tech Targets Nuclear Energy to Support AI Ambitions](/insights/big-tech-targets-nuclear-energy-to-support-ai-ambitions/index.html.md): Big tech is turning to nuclear energy to fuel the massive power needs of AI-driven data centers. They're striking bold deals to develop small modular reactors (SMRs), sparking a surge in uranium demand and helping to support clean energy innovation.
- [The New Power Play: How Tech Giants Are Embracing Nuclear Energy for Data Centers](/insights/the-new-power-play-how-tech-giants-are-embracing-nuclear-energy-for-data-centers/index.html.md): Nuclear power is creating a buzz in media circles. Thalia Hayden of @etfguide talks with John Ciampaglia about the powerful comeback of nuclear energy and how tech giants are embracing nuclear energy for data centers.
- [Batteries and Minerals Driving Global Electrification](/insights/batteries-and-minerals-driving-global-electrification/index.html.md): Batteries and energy storage continue to underpin electrification trends, solidifying their role as a cornerstone in the global shift toward sustainable energy.
- [Why Tech & Big Investors Are Turning to Uranium & Gold](/insights/why-tech-big-investors-are-turning-to-uranium-gold/index.html.md): Gold has surged this year, and uranium demand is rising as central banks, tech giants, and major players pour into these metals. John Ciampaglia joins James Connor to reveal why gold is seen as a shield against economic risks and why uranium is crucial to big tech’s massive AI expansion plans.
- [Real Assets in Focus: Gold, Silver, Copper and Uranium](/insights/real-assets-in-focus-gold-silver-copper-and-uranium/index.html.md): Unlock the power of real assets investing with Sprott’s Masterclass video. Dive into gold, silver, copper and uranium with industry experts Ed Coyne, Ryan McIntyre and Steve Schoffstall as they reveal strategies to navigate global uncertainties and identify opportunities.
- [Gold’s Post-Election Correction Comes as No Surprise](/insights/gold-s-post-election-correction-comes-as-no-surprise/index.html.md): We see gold's post-election pullback as a healthy consolidation, affirming our bullish outlook. Post-election market dislocations, historically tied to political outcomes, may present a strategic buying opportunity in precious metals and mining equities.
- [Nuclear Power and Critical Materials: A Post-Election Outlook](/insights/nuclear-power-and-critical-materials-a-post-election-outlook/index.html.md): What’s the potential impact of the incoming Trump administration on nuclear power, clean energy and critical materials? Thalia Hayden of @etfguide talks with John Ciampaglia about what potential changes may be on the horizon for U.S. energy policies and some strategies for investment portfolios.
- [Uranium Markets Impacted by Market Signals and Uncertainty](/insights/uranium-markets-impacted-by-market-signals-and-uncertainty/index.html.md): The uranium market remains strong despite recent spot price declines, with tight supply, rising demand and long-term fundamentals driving a bullish outlook.
- [Silver's Impressive Strength in 2024](/insights/silvers-impressive-strength-in-2024/index.html.md): We believe that silver continues to offer a compelling investment opportunity due to its unique market dynamics.
- [The Uranium Miners Opportunity](/insights/the-uranium-miners-opportunity/index.html.md): We believe uranium mining equities are poised for growth as demand for nuclear power increases, driven by AI data center needs and electricity demand.
- [Uranium Unleashed: How Mining Stocks Fuel the Nuclear Comeback](/insights/uranium-unleashed-how-mining-stocks-fuel-the-nuclear-comeback/index.html.md): Sprott's John Kinnane and Steve Schoffstall explore the growing opportunities in the uranium and nuclear energy markets.
- [Recalibrating Our Crystal Ball](/insights/recalibrating-our-crystal-ball/index.html.md): Gold was a strong performer in 2024, gaining 27.22% to end the year at $2,624.50, fueled by geopolitical tensions, central bank purchases and bond market struggles. These strong gains occurred with negligible participation or interest from investors in North America or Europe.
- [Top 10 Themes for 2025](/insights/top-10-themes-for-2025/index.html.md): What forces will shape the markets in critical materials and precious metals in 2025 and beyond? We identify 10 key macro and market themes investors should watch in the coming year.
- [Gold Flows into Sprott Physical Gold Trust \(PHYS\)](/insights/gold-flows-into-sprott-physical-gold-trust-phys/index.html.md): John Ciampaglia, CEO of Sprott Asset Management, joins James Connor of Bloor Street Capital to discuss his 2025 outlook for gold. Ciampaglia discusses Sprott's flagship Physical Gold Trust and dives into why gold is a crucial financial asset and portfolio diversifier.
- [Uranium Outlook for 2025](/insights/uranium-outlook-for-2025/index.html.md): Sprott CEO John Ciampaglia remains bullish on the uranium markets, citing rising term prices, increased utility interest and the global nuclear renaissance fueled by clean energy needs and AI-driven power demands.
- [Gold & Silver Forecast 2025](/insights/gold-silver-forecast-2025/index.html.md): Sprott CIO Maria Smirnova and Rick Rule discuss key drivers for gold and silver in 2025. They emphasize central bank buying, Eastern demand and the erosion of purchasing power as major factors for gold. For silver, industrial demand, particularly from solar and EVs, is crucial.
- [Safe Havens: The Enduring Stability of Precious Metals in Turbulent Times](/insights/safe-havens-the-enduring-stability-of-precious-metals-in-turbulent-times/index.html.md): In this episode of Shifting Energy (Season 2), Steve Schoffstall, Director, ETF Product Management and John Kinnane, Director, Key Accounts at Sprott Asset Management, chat about how investors are navigating bumpy markets and global trade wars with assets like gold and silver.
- [Infographic - The Global Uranium Market in 3 Charts](/insights/infographic-the-global-uranium-market-in-3-charts/index.html.md): The uranium market is experiencing increased demand, driven by its integral role in clean energy generation through its use in nuclear power.
- [Uranium Markets Trumped by Uncertainty](/insights/uranium-markets-trumped-by-uncertainty/index.html.md): The uranium markets experienced volatility in January, with prices dipping despite strong miner performance. Key factors included the emergence of the Chinese AI model DeepSeek and the return of the Trump administration.
- [Introducing Sprott Silver Miners & Physical Silver ETF \(Nasdaq: SLVR\)](/insights/introducing-sprott-silver-miners-physical-silver-etf-nasdaq-slvr/index.html.md): Discover the unique advantages of Sprott Silver Miners & Physical Silver ETF (SLVR), a new ETF offering exposure to both silver miners and physical silver.
- [Critical Materials Markets Shake Off DeepSeek Disruption and U.S. Policy Rollbacks](/insights/critical-materials-markets-shake-off-deepseek-disruption-and-us-policy-rollbacks/index.html.md): Critical materials showed resilience in January amid global volatility.
- [Tariffs, Tensions and the Uranium Opportunity](/insights/tariffs-tensions-and-the-uranium-opportunity/index.html.md): We see market volatility as an opportunity, with uranium’s spot price offering an attractive entry point for investors. Despite Trump's tariff policy and geopolitical uncertainties, uranium’s strong long-term fundamentals—supply deficits and rising nuclear demand—remain intact.
- [Trump Tariffs: Disruption or Opportunity?](/insights/trump-tariffs-disruption-or-opportunity/index.html.md): Are tariffs set to disrupt gold, silver and uranium markets? Find out how potential trade barriers could impact prices and create arbitrage opportunities.
- [Introducing Sprott Active Gold & Silver Miners ETF \(GBUG\)](/insights/introducing-sprott-active-gold-silver-miners-etf-gbug/index.html.md): Sprott’s Steve Schoffstall introduces GBUG, an actively managed ETF focused on gold and silver miners, using a team with deep industry expertise to identify investments. With a long-term, value-driven approach, it aims to provide exposure to precious metals while navigating market shifts.
- [Outlook on Gold and Gold Miners, Ryan McIntyre on CNBC](/insights/outlook-on-gold-and-gold-miners-ryan-mcintyre-on-cnbc/index.html.md): Sprott's Ryan McIntyre is interviewed on CNBC's Fast Money about rising gold prices. McIntyre also addresses the surging demand for physical gold, the undervaluation of gold miners and whether Bitcoin poses a real threat to gold’s dominance.
- [Gold's Strength Amid a Crisis of Confidence](/insights/golds-strength-amid-a-crisis-of-confidence/index.html.md): Gold's record-breaking rally in Q1 2025 reflects mounting investor anxiety over stagflation, policy volatility and a fraying global economic order. U.S. tariffs and policy unpredictability have elevated the risk of stagflation, fueling demand for gold as the lone liquid safe-haven asset.
- [Copper’s Record-Setting Rally and Reversal on U.S. Tariffs](/insights/copper-s-record-setting-rally-and-reversal-on-us-tariffs/index.html.md): Copper prices reached record highs in March, driven by tariff fears and U.S. demand. Despite recent market volatility, copper remains a strategic asset with strong long-term fundamentals, supported by rising global energy demands and U.S. policy shifts.
- [The Return of Exter’s Inverted Pyramid](/insights/the-return-of-exter-s-inverted-pyramid/index.html.md): Gold has been rising on strong official sector demand, fueled by concerns over the U.S. dollar and global instability. While Western investors have focused on potentially overvalued stocks, gold and mining equities offer potential upside as other assets struggle.
- [Is Uranium’s Bull Market Over?](/insights/is-uranium-s-bull-market-over/index.html.md): Recent market events have put pressure on uranium, but we continue to believe in the resilience and long-term bullish outlook for physical uranium and uranium mining equities.
- [A Closer Look at Silver’s Strategic Value](/insights/a-closer-look-at-silver-s-strategic-value/index.html.md): Silver remains significantly undervalued despite strong fundamentals, including rising industrial demand and consistent annual supply deficits. Although gold has surged to new highs, silver’s price has lagged, influenced by its hybrid role as both a monetary and industrial metal amid global economic uncertainty.
- [Sprott CIO on Gold/Silver Miner Selection and Silver Outlook](/insights/sprott-cio-on-goldsilver-miner-selection-and-silver-outlook/index.html.md): James Connor of Bloor Street Capital speaks with Maria Smirnova, Sprott CIO, about the firm’s approach to gold and silver miner selection.
- [A Shaky U.S. Dollar Boosts Gold’s Role as an Alternative Reserve Asset](/insights/a-shaky-us-dollar-boosts-gold-s-role-as-an-alternative-reserve-asset/index.html.md): Gold is gaining prominence as a reserve asset due to a weak U.S. dollar and declining U.S. financials, reaching record highs while equities and bonds fell. We believe this positions gold as a potential anchor for a multi-asset reserve system.
- [Uranium Regains Momentum](/insights/uranium-regains-momentum/index.html.md): Uranium is regaining strength, with spot prices rebounding and momentum returning thanks to renewed utility contracting, tariff clarity and strong long-term fundamentals.
- [Building an Electrified World: The Strategic Role of Critical Materials](/insights/building-an-electrified-world-the-strategic-role-of-critical-materials/index.html.md): As the world races to electrify, demand for critical materials like uranium, copper, silver, lithium and nickel is climbing. These metals are foundational to nuclear power, consumer electronics and high-performance batteries — making them indispensable to meeting rising global energy demand.
- [Trump’s Executive Orders Set Stage for U.S. Nuclear Expansion](/insights/trump-s-executive-orders-set-stage-for-us-nuclear-expansion/index.html.md): Steve Schoffstall discusses President Trump's sweeping executive orders to jumpstart America’s nuclear energy industry by streamlining reactor approvals, boosting domestic uranium production and declaring a national emergency over reliance on Russian and Chinese nuclear fuel.
- [Platinum Is on Track for a Status Upgrade](/insights/platinum-is-on-track-for-a-status-upgrade/index.html.md): Platinum demand is rising across autos, industry, jewelry and investment, while supply remains tight and above-ground stocks fall. With no major new mines ahead, this rare metal is gaining attention—and the investment case is growing stronger.
- [Gold Gains Ground as Faith in the Dollar Erodes](/insights/gold-gains-ground-as-faith-in-the-dollar-erodes/index.html.md): Gold continues its rally as fading confidence in U.S. fiscal policy and the U.S. dollar drives demand for real assets. As we publish, silver is breaking out above $35, supported by structural supply deficits, renewed investor interest and mounting macroeconomic pressures.
- [The White House’s Nuclear Push: What It Means for Uranium Opportunities](/insights/the-white-house-s-nuclear-push-what-it-means-for-uranium-opportunities/index.html.md): John Ciampaglia breaks down President Trump’s new executive orders to fast-track nuclear tech and revive the U.S. fuel cycle, highlighting their impact on uranium prices, mining stocks, SMRs and AI-driven power demand.
- [Uranium’s Bull Market Reawakens](/insights/uranium-s-bull-market-reawakens/index.html.md): Uranium is back in focus as U.S. nuclear policy accelerates and AI-driven energy demand sparks renewed investor interest. With uranium prices and miners showing strength in May, our outlook remains bullish as fundamentals tighten and sentiment shifts.
- [Copper’s Bullish Setup Strengthens](/insights/copper-s-bullish-setup-strengthens/index.html.md): Copper is surging toward $10,000 per ton as plunging inventories and unexpected supply disruptions expose the market’s tightness. Easing tariff tensions and rising electrification demand are driving bullish sentiment. We believe copper may be heading toward a structural repricing.
- [Uranium Outlook Mid-Year 2025](/insights/uranium-outlook-mid-year-2025/index.html.md): John Ciampaglia, CEO of Sprott Asset Management, joins James Connor at the Bloor Street Capital Virtual Uranium Conference to examine the current state of the uranium market.
- [Gold and Silver Bull Run Continues](/insights/gold-and-silver-bull-run-continues/index.html.md): Gold and silver have been strong performers in 2025, with both metals up over 25% YTD as global instability drives demand for safe haven assets. Central banks are shifting away from the U.S. dollar, while silver’s breakout suggests a potential supply squeeze ahead..
- [Uranium Spot Market Update](/insights/uranium-spot-market-update/index.html.md): Per Jander of WMC provides a nuanced look at the uranium spot market's opportunities and challenges. He discusses tariffs, the cautious dance of utilities and explores what may support higher uranium prices.
- [Uranium’s Mid-Year Momentum](/insights/uranium-s-mid-year-momentum/index.html.md): Uranium spot prices jumped nearly 10% in June and uranium miners surged, supported by renewed inflows and global pro-nuclear policy momentum.
- [Silver Investment Outlook Mid-Year 2025](/insights/silver-investment-outlook-mid-year-2025/index.html.md): Silver gained nearly 25% through mid-year, and continues to rise in July, as supply remains tight and demand accelerates. With silver crucial to new technologies, the metal is benefiting from powerful structural tailwinds and renewed interest from investors.
- [The Emerging Copper Premium: Policy Risk Meets Physical Scarcity](/insights/the-emerging-copper-premium-policy-risk-meets-physical-scarcity/index.html.md): Copper is being redefined as a national security asset, not just an industrial metal. U.S. tariffs and geopolitical shifts have fractured global pricing and exposed deep supply vulnerabilities.
- [Asset TV Masterclass: Real Assets](/insights/asset-tv-masterclass-real-assets/index.html.md): Ed Coyne, Senior Managing Partner at Sprott, discusses the outlook for gold, silver, copper and other real assets amid economic uncertainty, geopolitical conflict and the potential for persistent inflation. He joins Jodie Gunzberg, CFA®, Managing Partner at InFi Strategies and Don Marleau, CFA®, Metals & Mining Managing Director at S&P Global Ratings.
- [Gold Miners Shine in 2025](/insights/gold-miners-shine-in-2025/index.html.md): Gold and silver are up over 25% in 2025, with mining stocks surging more than 50%, yet still undervalued. We see continued upside amid inflation, geopolitical risks and strong fundamentals.
- [A Cure for Financial Dementia](/insights/a-cure-for-financial-dementia/index.html.md): In our view, market euphoria and collective amnesia have left gold miners overlooked despite record profits, soaring margins and aggressive shareholder returns. Gold mining equities are still stuck at bargain basement valuations, and we unabashedly continue to pound the table for precious metals equities and bullion alike.
- [Sprott: Global Leader in Precious Metals & Critical Materials](/insights/sprott-global-leader-in-precious-metals-critical-materials/index.html.md): Sprott is a global leader in precious metals and critical materials investments, with over $40 billion AUM and more than four decades of expertise. We offer investors diverse solutions across physical trusts, ETFs, mining equities and private lending.
- [Sprott: Physical Commodities as Core Allocation](/insights/sprott-physical-commodities-as-core-allocation/index.html.md): Gold and silver can serve as core physical allocations, with gold standing out as a proven portfolio diversifier. For investors seeking potential upside, mining equities offer opportunistic potential beyond the stability of the physical markets.
- [Critical Materials Breakout into a New Bullish Phase](/insights/critical-materials-breakout-into-a-new-bullish-phase/index.html.md): The convergence of national security imperatives, energy transition policies and evolving trade dynamics is fundamentally redefining the role of critical minerals. The breakout in the Nasdaq Sprott Critical Materials Index™ is an early signal of this shift, reflecting technical strength and deep structural drivers.
- [Challenges to Fed Autonomy Strengthen Case for Gold](/insights/challenges-to-fed-autonomy-strengthen-case-for-gold/index.html.md): Gold has topped another all-time high above $3,600 per ounce, while silver has reached $41, its highest level since 2011. Both metals may be among the strongest-performing asset classes for the year. We explore how erosion of Fed independence heightens policy risk, reinforcing the strategic role of gold and silver.
- [Copper Fundamentals Prevail After Tariff Turmoil](/insights/copper-fundamentals-prevail-after-tariff-turmoil/index.html.md): Copper rallied in August, with junior copper miners taking top performance honors. Policy momentum is accelerating as copper gains critical minerals status and attracts major investment. Copper miners are enjoying strong margins as copper demand rises to support electrification, AI and defense.
- [What's Next for Gold?](/insights/whats-next-for-gold/index.html.md): John Hathaway of Sprott highlights gold’s resilience, citing U.S. fiscal imbalances, Federal Reserve pressures, geopolitical risks and central bank de-dollarization as key drivers of support. He warns that extreme equity market concentration and leverage could spark a downturn, triggering stronger flows into gold and gold miners, which remain under-owned despite strong earnings.
- [Steel Meets Rising Global Electricity Demand](/insights/steel-meets-rising-global-electricity-demand/index.html.md): Steel is emerging as a strategic material in meeting global electricity demands, underpinning everything from power generation and transmission to electric vehicles and grid modernization. Demand for green steel is accelerating with market forecasts projecting rapid growth relative to traditional steel.
- [Uranium: At the Fulcrum of AI, National Security and Global Energy Demand](/insights/uranium-at-the-fulcrum-of-ai-national-security-and-global-energy-demand/index.html.md): John Ciampaglia, CEO of Sprott Asset Management, shares takeaways from the September 2025 World Nuclear Symposium. He highlights surging uranium demand from rising electricity needs, AI data centers and energy security concerns, plus growing tech ties such as Microsoft joining the World Nuclear Association. With supply still tight, Ciampaglia sees higher prices and new mining investment creating a strong backdrop for investors.
- [Overview of Uranium Spot and Term Markets](/insights/overview-of-uranium-spot-and-term-markets/index.html.md): Per Jander reflects on his 20 years at the World Nuclear Symposium, noting the industry’s growing optimism and Microsoft’s entry as a paradigm shift. Jander highlights uranium market dynamics and sees limited downside for the sector, given rising utility contracting and strong fundamentals.
- [Where Is Spot Uranium Going?](/insights/where-is-spot-uranium-going/index.html.md): John Ciampaglia, CEO of Sprott Asset Management joins Jimmy Connor of Bloor Street Capital at the World Nuclear Symposium 2025. Ciampaglia highlights strong global investor interest in uranium, with both specialist and generalist funds viewing nuclear as a long-term growth story. He notes stabilizing uranium prices, lingering supply challenges and growing demand from utilities, AI and data centers
- [Investors Act with Conviction](/insights/investors-act-with-conviction/index.html.md): Uranium prices and miners surged in September, fueled by tight supply and strong utility demand. The rally drew renewed investor interest, with capital flows into uranium equities and ETFs reinforcing confidence in the sector’s momentum.
- [Gold Leads as Faith in Fiat Falters](/insights/gold-leads-as-faith-in-fiat-falters/index.html.md): Gold surged to record highs as fading confidence in fiscal and monetary policy drove investors toward hard assets. With long-term yields rising and central banks turning increasingly accommodative, markets are signaling a loss of faith in fiat currencies, fueling gold’s breakout and silver’s potential squeeze.
- [Dips: The Rx for Acrophobia](/insights/dips-the-rx-for-acrophobia/index.html.md): With gold and silver reaching new all-time highs, we believe there is still opportunity in both the physical and miners markets. We see structural drivers (central bank demand, inflation resilience and declining trust in fiat currencies) that continue to support long-term allocations to gold and silver.
- [Platinum and Palladium Are on the Move](/insights/platinum-and-palladium-are-on-the-move/index.html.md): Platinum and palladium prices have surged due to persistent supply deficits. Demand from catalytic converters and industrial uses outstrips the limited supply, with platinum facing the most acute shortage. Slower EV and hybrid growth have reinforced auto-sector reliance on PGMs, fueling 2025's price rallies.
- [Catalyzing Copper: Supply Shocks and Betting Billions](/insights/catalyzing-copper-supply-shocks-and-betting-billions/index.html.md): Copper markets rallied in September, buoyed by tightening supply and renewed investor confidence. Copper’s supply squeeze is intensifying as mine shutdowns and years of underinvestment drive inventories to historic lows. New U.S. policy tailwinds are providing support, as the world races to secure critical materials.
- [The Debasement Trade Broadens Across Precious Metals](/insights/the-debasement-trade-broadens-across-precious-metals/index.html.md): In October, gold closed above $4,000 and silver hit record highs amid growing strategic demand, signaling a sustained shift away from fiat-based assets. Major developed economies are increasingly operating under fiscal dominance, driving investors toward hard assets like gold and silver.
- [Infographic - The Uranium Opportunity 2025](/insights/infographic-the-uranium-opportunity-2025/index.html.md): Global uranium mine supply continues to fall short of reactor demand, creating a persistent and widening deficit. With uranium demand expected to double by 2040, these tightening fundamentals underpin a powerful long-term investment case.
- [Lithium Gains Momentum in 2025](/insights/lithium-gains-momentum-in-2025/index.html.md): Lithium has entered a renewed bull phase as tightening supply, rising global demand from EVs to data centers, and major strategic investments shift the market from surplus toward potential deficit. Governments, oil majors and tech giants are racing to secure supply, solidifying lithium's essential role in long-term energy security.
- [Gold Holds Gains as Liquidity Stress Emerges](/insights/gold-holds-gains-as-liquidity-stress-emerges/index.html.md): Gold reached its highest monthly close in November 2025, driven by fiscal dominance, rising global debt and the Fed’s pivot to “QE-lite.” We believe gold’s strategic role as a safe haven asset is strengthening amid mounting liquidity stress and shifting global financial dynamics. Silver closed November at an all-time high.
- [Navigating Gold’s Next Chapter: A Conversation with John Hathaway and Justin Tolman](/insights/navigating-gold-s-next-chapter-a-conversation-with-john-hathaway-and-justin-tolman/index.html.md): Sprott Portfolio Managers John Hathaway and Justin Tolman break down the powerful forces driving this year's gold and precious metals rally. They provide insights on market catalysts, mining equity valuations and explore how today’s environment compares to prior positive cycles. Learn more about how Sprott's deep technical expertise and on-the-ground diligence enhance its investment approach in the metals and mining space.
- [Metals & Mining: Year in Review, Future in Focus](/insights/metals-mining-year-in-review-future-in-focus/index.html.md): Host Ed Coyne speaks to Sprott CEO Whitney George and Senior Portfolio Manager Justin Tolman about the firm's strong performance in 2025, highlighting significant gains across gold, silver, copper and related strategies, driven by resource nationalization and supply disruptions.
- [Uranium’s Tale of Two Markets](/insights/uranium-s-tale-of-two-markets/index.html.md): The uranium market's short-term volatility has masked strengthening fundamentals, as long-term prices rise, supply tightens and policy commitments translate into greater demand for nuclear power. With capital flowing into miners, upstream fundamentals improving and policy alignment accelerating, we believe the uranium market is well positioned for a stronger setup in 2026.
- [Uranium Outlook 2026](/insights/uranium-outlook-2026/index.html.md): John Ciampaglia joins Jimmy Connor of Bloor Street Capital to discuss uranium’s outlook as government support for nuclear energy strengthens. Tightening supply, rising reactor demand, and growing institutional involvement are fueling bullish expectations for uranium and related mining equities in 2026.
- [The Bull Market in Gold, Silver and Miners](/insights/the-bull-market-in-gold-silver-and-miners/index.html.md): Ed Coyne joins Jimmy Connor of Bloor Street Capital to discuss this year's bull market in gold and silver. Coyne explains that renewed institutional participation, from central banks to large funds, is driving broader acceptance of precious metals and related equities as core alternative investments.
- [Gold & Silver Outlook 2026](/insights/gold-silver-outlook-2026/index.html.md): \Gold and silver delivered standout performance in 2025, driven by record price gains and powerful macro forces. James Connor and John Ciampaglia examine the key drivers, including central bank buying, de-dollarization and inflation concerns, and discuss why precious metals are increasingly regarded as core portfolio holdings in the face of global uncertainty.
- [Metals Post Strong Returns in 2025](/insights/metals-post-strong-returns-in-2025/index.html.md): Metals delivered standout performance in 2025, led by exceptional gains across the precious metals complex. Gold surged 64.58%, reaffirming its role as a core portfolio diversifier, while silver soared 147.95% and platinum climbed 127.04%, outperforming traditional asset classes significantly. Palladium added to the strength with a 77.51% gain, underscoring broad-based momentum across precious metals.
- [Top 10 Themes for 2026](/insights/top-10-themes-for-2026/index.html.md): What are the 10 most important themes impacting global markets in 2026? We explore issues from deglobalization and fiscal dominance to the surge in gold, silver and critical materials, and provide our view of where opportunities and risks may be emerging.
- [Copper’s Momentum: Key Catalysts to Watch in 2026](/insights/copper-s-momentum-key-catalysts-to-watch-in-2026/index.html.md): Copper’s record run is being driven by tightening supply, strategic demand and rising policy risk, setting up a strong outlook for 2026. Major disruptions and collapsing treatment charges highlight a market firmly in deficit. With AI growth, defense spending and grid modernization accelerating demand, we believe copper and related equities remain well supported.
- [Uranium Enters 2026 with Renewed Strength and Strategic Tailwinds](/insights/uranium-enters-2026-with-renewed-strength-and-strategic-tailwinds/index.html.md): Uranium enters 2026 with renewed momentum as spot prices move back above $100/lb, mining equities reprice materially, and utility demand re-emerges following prolonged under-contracting. Strengthening U.S. policy support and tightening supply conditions reinforce the case for higher incentive pricing and potential upside across physical uranium and mining equities.
- [The Changing Global Order Is Repricing Gold](/insights/the-changing-global-order-is-repricing-gold/index.html.md): Gold and silver surged to record highs in January before experiencing technically driven sell-offs. Geopolitical fragmentation, capital conflict and eroding confidence in fiat systems is reshaping what investors consider truly safe. In this emerging monetary regime, gold and silver are asserting their roles as neutral, "outside money "with strong long-term drivers.
- [The Metamorphosis of a Career, Turning Rocks into Value Investing](/insights/the-metamorphosis-of-a-career-turning-rocks-into-value-investing/index.html.md): For nearly three decades, Justin Tolman has chased discovery across more than 40 countries, applying boots-on-the-ground geology to transform mineral potential into economic value. Discover how a “renaissance geologist” transforms field insight into differentiated investment intelligence in a world where demand for precious metals and critical minerals is only accelerating.
- [Top 10 Dominant Drivers of Metals Markets in 2026](/insights/top-10-dominant-drivers-of-metals-markets-in-2026/index.html.md): As global markets adjust to deglobalization and fiscal dominance, capital is flowing decisively into gold, silver, uranium, copper, rare earths and other critical materials. In this webcast, we break down what’s driving these moves and share our perspective on the most compelling opportunities for the year ahead.
- [Going Beneath the Surface: Active Management in Metals & Mining ETFs](/insights/going-beneath-the-surface-active-management-in-metals-mining-etfs/index.html.md): Join Sprott’s expert team for an exclusive webcast replay exploring the powerful forces reshaping the metals and mining landscape, from surging energy demand and AI growth to tightening supply chains. Discover how Sprott’s active, research-driven ETF approach helps investors navigate volatility, and learn more about GBUG and METL.
- [Silver Conference Featuring John Ciampaglia](/insights/silver-conference-featuring-john-ciampaglia/index.html.md): John Ciampaglia, CEO of Sprott Asset Management, meets with James Connor of Bloor Street Capital. Ciampaglia explains that silver’s sharp rise reflects a long-awaited “catch‑up trade” driven by years of supply deficits and its growing industrial and strategic importance. Despite short‑term turbulence driven by speculation and geopolitical dynamics, particularly involving China, Ciampaglia remains constructive on silver’s long‑term fundamentals and advises investors to focus on gradual, disciplined positioning.
- [Silver Conference Featuring Maria Smirnova, Sprott CIO](/insights/silver-conference-featuring-maria-smirnova-sprott-cio/index.html.md): Maria Smirnova, Sprott Chief Investment Officer, joins James Connor of Bloor Street Capital to discuss Sprott's outlook on silver. Smirnova views recent gold and silver volatility as a healthy correction in a bull market, driven by strong fundamentals like supply deficits and rising global demand rather than speculative excess. Smirnova outlines Sprott’s long-term, disciplined approach and stresses patience and conviction.
- [Beyond “Dr. Copper”:  Copper’s Strategic Shift](/insights/beyond-dr-copper-copper-s-strategic-shift/index.html.md): Copper is breaking free from its old “Dr. Copper” reputation as strategic demand from electrification, AI infrastructure and defense drives prices and mining stocks toward record highs. With copper supply tight and demand increasingly mission-critical, the metal is being repriced as essential infrastructure.
- [Uranium’s Catch Up Trade: Nuclear Power’s Next Decade of Demand](/insights/uranium-s-catch-up-trade-nuclear-power-s-next-decade-of-demand/index.html.md): Uranium is reemerging as a strategic energy asset as AI, data centers and energy security reshape global electricity demand. In this episode of Metals in Motion, Sprott Asset Management CEO John Ciampaglia explains why tight supply, government action, production incentivization and new reactor technology could drive a long-term bull case for nuclear fuel.
- [Can Recycling Close the Critical Materials Supply Gap?](/insights/can-recycling-close-the-critical-materials-supply-gap/index.html.md): As demand for critical materials accelerates, can recycling keep pace? Justin Tolman examines the recycling outlook for copper, lithium, rare earths, silver and other essential materials, explaining why recycling will play an increasingly important role in strengthening supply chains, but why new mining will remain indispensable to meeting future demand.
- [Lithium Enters a New Era of Strategic Demand and Policy Support](/insights/lithium-enters-a-new-era-of-strategic-demand-and-policy-support/index.html.md): Lithium has surged back into the spotlight, with prices rising more than 125% over the past year as demand broadens beyond electric vehicles and governments begin treating the metal as a strategic resource. With supply disruptions, new policy tools and explosive growth in grid-scale energy storage, lithium is increasingly being repriced not just as a commodity, but as critical infrastructure.
- [Gold Rises Above $5,000 in an Evolving Monetary Regime](/insights/gold-rises-above-5-000-in-an-evolving-monetary-regime/index.html.md): Gold and silver reached record highs in February amid volatility as markets adjust to a new monetary regime defined by persistent central bank liquidity and rising geopolitical fragmentation. Structural constraints on the Federal Reserve, growing sovereign debt and continued central bank buying—particularly from China—reinforce gold’s role as a strategic store of value.
- [Why Gold Has Fallen: A Liquidity Story, Not a Broken Thesis](/insights/why-gold-has-fallen-a-liquidity-story-not-a-broken-thesis/index.html.md): Gold’s sharp March sell-off isn’t a failure of its safe-haven role. It’s the result of a global liquidity crunch that forced investors to sell what they could, not what they believed in. As reserve flows stall and deleveraging runs its course, the same pressures dragging gold down today may be quietly setting the stage for its next rally.
- [Why Uranium Could Be the Next Energy Shock Opportunity](/insights/why-uranium-could-be-the-next-energy-shock-opportunity/index.html.md): John Ciampaglia, CEO of Sprott Asset Management, breaks down why tightening uranium supply, surging global demand from countries like India and China, and renewed nuclear policy support could set the stage for a major move in uranium prices. Ciampaglia joins Jimmy Connor of Bloor Street Capital for a lively discussion on the positive prospects for uranium markets and nuclear power.
- [Uranium Market Update: Why Stability May Signal Strength](/insights/uranium-market-update-why-stability-may-signal-strength/index.html.md): Powerful forces are shaping what could come next for uranium markets. Per Jander of WMC joins Jimmy Connor of Bloor Street Capital to offer his front-line view of shifting uranium supply dynamics, resilient pricing and why “boring” may actually signal strength in today’s volatile markets. Jander explores where uranium may be headed and shares why he remains bullish.
- [Gold and the Hormuz Disruption: A Monetary Stress Test](/insights/gold-and-the-hormuz-disruption-a-monetary-stress-test/index.html.md): The closure of the Strait of Hormuz has turned geopolitical tensions into a global energy shock, driving inflation fears and forced selling across markets, including gold. Gold’s sharp drop reflects a liquidity crunch, not a breakdown in its long-term role. As financial stress builds, gold is likely to reassert itself as a key monetary anchor.
- [Rare Earths as a National Security Asset: Why Ex-China Supply Matters](/insights/rare-earths-as-a-national-security-asset-why-ex-china-supply-matters/index.html.md): Rare earths have become a geopolitical priority—critical to defense, technology and energy—yet their supply chain remains heavily dominated by China, driving urgent demand for ex-China sources. As global investment accelerates to secure independent supply chains, producers outside China are positioned for structural growth. The Sprott Rare Earths Ex-China ETF (REXC) offers targeted exposure to this emerging opportunity at the center of a global realignment.
- [Global Conflict Is Strengthening the Case for Uranium](/insights/global-conflict-is-strengthening-the-case-for-uranium/index.html.md): Uranium prices have rebounded, but geopolitical uncertainty has kept investors on the sidelines. John Ciampaglia joins Investing News Network to discuss the supply-demand imbalance, shifting utility behavior and signals from the uranium term market. He also explores how growing energy security concerns are supporting the long-term outlook for nuclear power and uranium.
- [Rare Earths: China and the Battleground for Defense, Technology and Energy](/insights/rare-earths-china-and-the-battleground-for-defense-technology-and-energy/index.html.md): In this episode of Metals in Motion, Steve Schoffstall examines rare earths, highlighting supply-demand imbalances, China’s dominance and the global push to build new supply chains. He explains why these materials are emerging as strategic assets across national security, energy transition and advanced technology and introduces the Sprott Rare Earths Ex-China ETF (REXC).
- [Could Rare Earth Companies Outside China Be a Rare Opportunity?](/insights/could-rare-earth-companies-outside-china-be-a-rare-opportunity/index.html.md): Rare earth elements play a critical role across technology, defense and global energy. In this interview with Asset TV, Steve Schoffstall, Managing Partner and Head of ETFs at Sprott, discusses the importance of rare earths, the implications of China’s dominance in the supply chain and how the Sprott Rare Earths Ex‑China ETF (REXC) is designed to provide targeted exposure to the sector.
- [Gold Volatility and U.S.-Iran Tensions](/insights/gold-volatility-and-us-iran-tensions/index.html.md): Gold may be facing short-term volatility amid geopolitical tensions, but its long-term outlook remains compelling, supported by strong fundamentals and persistent demand. In this interview, Shree Kargutkar explains why constrained supply, limited new discoveries and rising prices are creating a powerful backdrop for gold and mining equities. For investors willing to look beyond near-term noise, the sector may offer significant upside opportunities as structural imbalances continue to build.
- [Copper’s Bullish Inflection: Where Demand Meets Disruption](/insights/copper-s-bullish-inflection-where-demand-meets-disruption/index.html.md): Copper’s strong April rebound highlights its resilience. The growing demand for electrification and energy security is colliding with tightening supply, and geopolitical turmoil is disrupting supply chains. This shift reinforces copper’s role as a strategic asset and supports a constructive outlook for both physical copper and copper mining equities.
- [Gold Overtakes Dollar Reserves as Global Trust Shifts](/insights/gold-overtakes-dollar-reserves-as-global-trust-shifts/index.html.md): Gold is reasserting itself as the world’s preferred neutral reserve asset amid eroding confidence in the U.S. dollar system, supported by strong central bank buying and rising geopolitical fragmentation. Silver is evolving beyond a cyclical industrial metal into a strategic energy security asset, with demand increasingly tied to solar, storage and resilient infrastructure investment.
- [Inside the Rare Earths Opportunity](/insights/inside-the-rare-earths-opportunity/index.html.md): Rare earth elements are a group of 17 minerals essential to powering today’s most critical industries—from AI and data centers to defense systems and clean energy—yet their supply chain remains heavily concentrated in China. Sprott’s Jacob White, CFA, joins Bloor Street Capital’s Jimmy Connor to discuss the growing global push to diversify rare earth supply and to introduce the Sprott Rare Earths Ex-China ETF (REXC), which is designed to give investors targeted exposure to rare earth companies outside of China.
- [Webcast Replay: Metals and Miners: Opportunities in the Strategic Resource Race](/insights/webcast-replay-metals-and-miners-opportunities-in-the-strategic-resource-race/index.html.md): As nations race to secure critical metals, macro and geopolitical forces are reshaping the outlook. In this mid-year webcast, Ryan McIntyre, Paul Wong and Ed Coyne break down the key drivers across gold, silver, copper, uranium and more, and what they may mean for markets and investment opportunities in the second half of 2026.
- [Uranium in an Era of Energy Security](/insights/uranium-in-an-era-of-energy-security/index.html.md): From geopolitical tensions to ambitious nuclear expansion plans, the world is rapidly reassessing its energy future. In this episode of Metals in Motion, John Ciampaglia, CEO of Sprott Asset Management, explores why uranium has become a strategic asset and whether supply can keep pace with growing demand.
- [Why the World Is Racing to Secure Rare Earths](/insights/why-the-world-is-racing-to-secure-rare-earths/index.html.md): Hidden within the technologies that define modern life are a group of minerals that many people may not be familiar with and that no nation can afford to ignore. This educational video explores the growing global race for rare earths and why securing these essential materials may shape the next generation of economic and military power.
- [Why Investors Are Looking at Physical Copper](/insights/why-investors-are-looking-at-physical-copper/index.html.md): Copper is becoming one of the world's most important strategic materials, driven by growing demand from AI, electrification and energy infrastructure. In this video, Sprott Asset Management CEO John Ciampaglia discusses the supply challenges and demand trends shaping the copper market, why they may support higher prices and how to gain exposure through Sprott Physical Copper Trust.
- [How the Debt Cycle Favors Gold](/insights/how-the-debt-cycle-favors-gold/index.html.md): Gold is solidifying its role as a strategic store of value, supported by persistent central bank buying and the growing appeal of hard assets amid currency debasement risks. Silver’s deepening structural deficit highlights tightening physical supply across the precious metals complex, reinforcing the broader case for scarce real assets in a shifting monetary regime.
- [Lithium’s Critical Role in Battery Energy Storage Systems \(BESS\)](/insights/lithium-s-critical-role-in-battery-energy-storage-systems-bess/index.html.md): For the latest standardized performance and holdings of the Sprott Lithium Miners ETF, please visit LITP. Past performance is no guarantee of future results.
- [Gold and the U.S. Dollar Paradox: Cyclical Volatility in a Secular Repricing of Monetary Assets](/insights/gold-and-the-us-dollar-paradox-cyclical-volatility-in-a-secular-repricing-of-monetary-assets/index.html.md): As confidence in the U.S. dollar-based monetary system gradually erodes and central banks seek to further diversify their reserves, gold stands to benefit from its unique position as a neutral, highly liquid monetary asset. Wong explains why market-driven gold selloffs during periods of stress often reflect liquidity needs rather than weakening fundamentals, supporting the broader long-term bullish case for gold.
- [Infographic - Rare Earths Essential to Defense: The F-35 Fighter Jet](/insights/infographic-rare-earths-essential-to-defense-the-f-35-fighter-jet/index.html.md): Rare earth elements are becoming a cornerstone of national security. As Western nations work to reduce reliance on China, these critical materials are helping power the next generation of fighter jets, drones, missiles, radar systems and satellite communications. Even the F-35 depends on multiple rare earths to deliver its advanced capabilities.
- [Metals and Miners: Policy Over Price](/insights/metals-and-miners-policy-over-price/index.html.md): Markets are changing and policy is becoming just as important as price in shaping the outlook for critical materials. In this edition of Metals in Motion, Sprott's Justin Tolman explains how government intervention, supply chain security and market volatility are creating new opportunities across metals and mining, while highlighting what investors should watch in the second half of 2026.
- [Uranium Fundamentals Strengthen Beneath the Market Noise](/insights/uranium-fundamentals-strengthen-beneath-the-market-noise/index.html.md): Despite recent weakness in uranium equities, the sector's underlying fundamentals continue to strengthen. Rising long-term uranium prices, improving policy support and persistent supply constraints reinforce the long-term investment case as governments increasingly turn to nuclear power to meet energy security, electrification and decarbonization objectives.
- [Celebrating Five Years of SPUT](/insights/celebrating-five-years-of-sput/index.html.md): Five years ago, the Sprott Physical Uranium Trust (TSX U.U), or fondly "SPUT", began a new chapter in uranium investing. Since launching in July 2021, SPUT has become the world's largest physical uranium fund, providing investors with a transparent, exchange-listed vehicle that offers exposure to physical uranium without the operational risks associated with uranium mining companies.
- [Gold and Silver: Looking Beyond the Correction](/insights/gold-and-silver-looking-beyond-the-correction/index.html.md): After one of the strongest years in decades for precious metals, 2026 has been a year of correction, consolidation and renewed perspective. With gold and silver beginning to rebound, CIO Maria Smirnova examines the macroeconomic forces behind this year's pullback, why the fundamental drivers for precious metals remain intact, and why today's valuations may present compelling long-term opportunities across bullion and mining equities.
- [Copper’s Rally Meets a Deepening Supply Crunch](/insights/copper-s-rally-meets-a-deepening-supply-crunch/index.html.md): Copper’s advance comes as the market faces growing supply constraints. Operational disruptions, deteriorating ore grades and weakness from Chile are limiting available metal, while U.S. tariff uncertainty is adding another layer of volatility. Structural demand from electrification, AI and defense continues to underpin the outlook.
- [On the Cusp of a New Contracting Cycle](/insights/on-the-cusp-of-a-new-contracting-cycle/index.html.md): Long-term uranium fundamentals continue to strengthen as uncovered utility requirements grow and reliable future supply becomes increasingly scarce. We examine how contracting dynamics, energy security priorities and structural supply constraints are reshaping the uranium market outlook.
- [Rare Earths Deliver the Hidden Power Behind Modern Defense](/insights/rare-earths-deliver-the-hidden-power-behind-modern-defense/index.html.md): Rare earths are the hidden materials powering many of today’s most advanced defense technologies, from fighter jets and drones to radar and autonomous systems. Yet China’s dominance of refining and magnet production has created a critical supply-chain vulnerability. Explore how governments are responding and why the race to build secure rare earth supply chains outside China is creating a growing investment opportunity.
- [Gold and Silver Surge as Fiscal Credibility Erodes](/insights/gold-and-silver-surge-as-fiscal-credibility-erodes/index.html.md): Gold and silver surged in August as rising debt, higher term premiums and growing concerns about U.S. fiscal credibility revived the currency debasement trade. Gold is increasingly behaving as “outside money,” supported by strong central bank buying, while silver is benefiting from renewed investor demand, persistent supply deficits and tight inventories. We examine why these forces may be setting the stage for the next move in precious metals.
- [World Nuclear Symposium 2026: Capital Returns to Uranium](/insights/world-nuclear-symposium-2026-capital-returns-to-uranium/index.html.md): Filmed at the World Nuclear Symposium 2026 (September 9-11) in London, Sprott Asset Management CEO John Ciampaglia and Jimmy Connor discuss why investor interest and capital are returning to the uranium sector. Ciampaglia examines uranium's structural supply deficit, emerging demand from AI and utilities, and the growing momentum behind nuclear energy.
- [Infographic - Rare Earths Essential to Technology: Modern Robotics](/insights/infographic-rare-earths-essential-to-technology-modern-robotics/index.html.md): Rare earth elements enable the advanced motors, sensors, optics and control systems behind modern robotics. Global industrial robot installations more than doubled over the past decade, reaching 542,000 units in 2024. As automation expands, diversified ex-China rare earth supply chains will become increasingly important to industrial resilience.
- [Record Term Prices Mark a New Phase for Uranium](/insights/record-term-prices-mark-a-new-phase-for-uranium/index.html.md): Uranium’s long-term price has reached an all-time high as utilities move to secure future supply for a growing nuclear fleet. With contract coverage set to decline sharply after 2030, the next phase of mine supply will require stronger prices, longer contracts and better terms for producers. We explore the forces reshaping uranium’s contracting cycle and the outlook for uranium miners.
- [World Nuclear Symposium Key Takeaways: Ambition Turning into Action](/insights/world-nuclear-symposium-key-takeaways-ambition-turning-into-action/index.html.md): In this episode of Metals in Motion, John Ciampaglia discusses the strengthening outlook for nuclear energy and what this may mean for uranium and uranium miners. He highlights the key theme from the World Nuclear Symposium: the industry is moving from ambition to action, backed by growing government support, private capital and increasing investor interest.
- [Gold Stocks May Finally Be Ready to Outperform](/insights/gold-stocks-may-finally-be-ready-to-outperform/index.html.md): Sprott's John Hathaway joins Kitco Mining’s Paul Harris to discuss why he views gold as an “all-weather strategy” and sees a more favorable outlook for gold equities. He explains how capital discipline, potential M&A and miners’ operating leverage could support outperformance, even without higher gold prices.
- [The Rare Earths Powering the Next Wave of Robotics](/insights/the-rare-earths-powering-the-next-wave-of-robotics/index.html.md): Robotics is expanding across manufacturing, logistics, healthcare and defense, relying on rare earths in its magnets, sensors and electronics. As robots become more advanced and widely adopted, their increasing use of rare earth-intensive components is set to drive long-term demand for these materials. We examine why resilient, ex-China mine-to-magnet supply chains are increasingly strategic.
- [Gold Mining: Are Investors Looking Through an Outdated Lens](/insights/gold-mining-are-investors-looking-through-an-outdated-lens/index.html.md): Gold miners have entered a new era. It's defined by stronger balance sheets, greater capital discipline and record earnings, yet valuations still reflect the industry’s past. At the same time, a growing scarcity of high-quality gold reserves could increase the strategic value of gold miners capable of replacing and developing economic ounces.
- [Gold Holds Its Ground as Real Yields Surge](/insights/gold-holds-its-ground-as-real-yields-surge/index.html.md): Gold held firm in September as real yields surged, suggesting investors are increasingly focused on fiscal strain and reserve diversification. We examine why rising Treasury yields can deepen the fiscal challenge and why gold’s role outside the sovereign liability structure matters. We also assess silver’s rate headwinds, resilient Chinese demand and industrial support.
- [Silver’s Next Rally and Why Miners Could Outperform](/insights/silver-s-next-rally-and-why-miners-could-outperform/index.html.md): Kenny Zhu joins Proactive to discuss the forces shaping silver’s outlook, from monetary conditions and industrial demand to persistent annual supply deficits. Zhu explains why demand from electronics, AI infrastructure and China’s manufacturing sector may support the silver market, and why Sprott likes silver miners for their leverage, margin potential and attractive valuations.
- [Investment Strategies](/investment-strategies/index.html.md): Discover Sprott’s specialized investment solutions across precious metals, critical materials, natural resources and private markets.
- [Exchange Listed Products](/investment-strategies/exchange-listed-products/index.html.md): Explore Sprott’s exchange-listed products, including physical bullion and commodity funds and ETFs offering targeted exposure to precious metals and critical materials.
- [Physical Bullion Funds](/investment-strategies/exchange-listed-products/physical-bullion-funds/index.html.md): Explore Sprott Physical Bullion Funds—closed-end trusts providing convenient, exchange-traded exposure to fully allocated physical gold, silver, platinum and palladium.
- [Gold](/investment-strategies/exchange-listed-products/physical-bullion-funds/gold/index.html.md): Invest in physical gold with the Sprott Physical Gold Trust (PHYS). Fully backed by allocated gold bullion, PHYS offers a secure, exchange-traded way to gain exposure to gold without the costs and storage challenges of owning physical bars or coins.
- [Financial Reports](/investment-strategies/exchange-listed-products/physical-bullion-funds/gold/financial-reports/index.html.md)
- [Press Releases](/investment-strategies/exchange-listed-products/physical-bullion-funds/gold/press-releases/index.html.md)
- [Sprott Physical Bullion Trusts Give Unitholders Access to Direct Registration System](/investment-strategies/exchange-listed-products/physical-bullion-funds/gold/press-releases/sprott-physical-bullion-trusts-give-unitholders-access-to-direct-registration-system/index.html.md): Gold: Sprott Physical Bullion Trusts Give Unitholders Access to Direct Registration System
- [Sprott Physical Gold Trust Updates Its “At-The-Market” Equity Program](/investment-strategies/exchange-listed-products/physical-bullion-funds/gold/press-releases/sprott-physical-gold-trust-updates-its-at-the-market-equity-program/index.html.md)
- [Silver](/investment-strategies/exchange-listed-products/physical-bullion-funds/silver/index.html.md): Invest in physical silver with the Sprott Physical Silver Trust (PSLV). Fully backed by allocated silver bullion, PSLV offers a secure, exchange-traded way to gain exposure to silver without the costs and storage challenges of owning physical bars or coins.
- [Net Asset Value Premium Discount](/investment-strategies/exchange-listed-products/physical-bullion-funds/silver/net-asset-value-premium-discount/index.html.md): Pricing and Performance Information for the Sprott Physical Silver Trust
- [Financial Reports](/investment-strategies/exchange-listed-products/physical-bullion-funds/silver/financial-reports/index.html.md)
- [Press Releases](/investment-strategies/exchange-listed-products/physical-bullion-funds/silver/press-releases/index.html.md)
- [Sprott Physical Bullion Trusts Give Unitholders Access to Direct Registration System](/investment-strategies/exchange-listed-products/physical-bullion-funds/silver/press-releases/sprott-physical-bullion-trusts-give-unitholders-access-to-direct-registration-system/index.html.md): Silver: Sprott Physical Bullion Trusts Give Unitholders Access to Direct Registration System
- [Sprott Physical Silver Trust Expands Its “at-the-market” Equity Program](/investment-strategies/exchange-listed-products/physical-bullion-funds/silver/press-releases/sprott-physical-silver-trust-expands-its-at-the-market-equity-program/index.html.md)
- [Sprott Physical Silver Trust Announces Amendments To Trust Agreement](/investment-strategies/exchange-listed-products/physical-bullion-funds/silver/press-releases/sprott-physical-silver-trust-announces-amendments-to-trust-agreement/index.html.md)
- [SPROTT PHYSICAL SILVER TRUST UPDATES ITS “AT-THE-MARKET” EQUITY PROGRAM](/investment-strategies/exchange-listed-products/physical-bullion-funds/silver/press-releases/sprott-physical-silver-trust-updates-its-at-the-market-equity-program/index.html.md): SPROTT PHYSICAL SILVER TRUST UPDATES ITS “AT-THE-MARKET” EQUITY PROGRAM
- [Gold and Silver](/investment-strategies/exchange-listed-products/physical-bullion-funds/gold-and-silver/index.html.md): Invest in physical gold and silver bullion through the Sprott Physical Gold and Silver Trust (CEF), a secure, convenient, exchange-traded alternative to direct bullion ownership.
- [Financial Reports](/investment-strategies/exchange-listed-products/physical-bullion-funds/gold-and-silver/financial-reports/index.html.md)
- [Press Releases](/investment-strategies/exchange-listed-products/physical-bullion-funds/gold-and-silver/press-releases/index.html.md)
- [Sprott Completes Acquisition of Central Fund of Canada](/investment-strategies/exchange-listed-products/physical-bullion-funds/gold-and-silver/press-releases/sprott-completes-acquisition-of-central-fund-of-canada/index.html.md)
- [Sprott Physical Gold and Silver Trust Updates Its "At-The-Market" Equity Program](/investment-strategies/exchange-listed-products/physical-bullion-funds/gold-and-silver/press-releases/sprott-physical-gold-and-silver-trust-updates-its-at-the-market-equity-program/index.html.md)
- [CEF Shareholders FAQ](/investment-strategies/exchange-listed-products/physical-bullion-funds/gold-and-silver/cef-shareholders-faq/index.html.md)
- [Who is Sprott?](/investment-strategies/exchange-listed-products/physical-bullion-funds/gold-and-silver/cef-shareholders-faq/who-is-sprott/index.html.md)
- [How does the Sprott Physical Gold and Silver Trust \(the Trust\) compare with the former Central Fund of Canada \(CFCL\)?](/investment-strategies/exchange-listed-products/physical-bullion-funds/gold-and-silver/cef-shareholders-faq/how-does-the-sprott-physical-gold-and-silver-trust-the-trust-compare-with-the-former-central-fund-of-canada-cfcl/index.html.md)
- [Do CFCL shareholders need to take any action?](/investment-strategies/exchange-listed-products/physical-bullion-funds/gold-and-silver/cef-shareholders-faq/do-cfcl-shareholders-need-to-take-any-action/index.html.md)
- [Is the transaction a taxable event for investors?](/investment-strategies/exchange-listed-products/physical-bullion-funds/gold-and-silver/cef-shareholders-faq/is-the-transaction-a-taxable-event-for-investors/index.html.md)
- [Where will units of the Sprott Physical Gold and Silver Trust be traded?](/investment-strategies/exchange-listed-products/physical-bullion-funds/gold-and-silver/cef-shareholders-faq/where-will-units-of-the-sprott-physical-gold-and-silver-trust-be-traded/index.html.md)
- [When will the Sprott Physical Gold and Silver Trust trade?](/investment-strategies/exchange-listed-products/physical-bullion-funds/gold-and-silver/cef-shareholders-faq/when-will-the-sprott-physical-gold-and-silver-trust-trade/index.html.md)
- [Will there be an option to own the Trust in Canadian dollars on the TSX?](/investment-strategies/exchange-listed-products/physical-bullion-funds/gold-and-silver/cef-shareholders-faq/will-there-be-an-option-to-own-the-trust-in-canadian-dollars-on-the-tsx/index.html.md)
- [Who can I contact for more information?](/investment-strategies/exchange-listed-products/physical-bullion-funds/gold-and-silver/cef-shareholders-faq/who-can-i-contact-for-more-information/index.html.md)
- [Platinum and Palladium](/investment-strategies/exchange-listed-products/physical-bullion-funds/platinum-and-palladium/index.html.md): Invest in physical platinum and palladium bullion through the Sprott Physical Platinum and Palladium Trust (SPPP), a secure, convenient, exchange-traded alternative to direct bullion ownership.
- [Financial Reports](/investment-strategies/exchange-listed-products/physical-bullion-funds/platinum-and-palladium/financial-reports/index.html.md)
- [Press Releases](/investment-strategies/exchange-listed-products/physical-bullion-funds/platinum-and-palladium/press-releases/index.html.md)
- [Sprott Physical Bullion Trusts Give Unitholders Access to Direct Registration System](/investment-strategies/exchange-listed-products/physical-bullion-funds/platinum-and-palladium/press-releases/sprott-physical-bullion-trusts-give-unitholders-access-to-direct-registration-system/index.html.md): Platinum & Palladium: Sprott Physical Bullion Trusts Give Unitholders Access to Direct Registration System
- [Sprott Physical Platinum And Palladium Trust Updates Its “At-The-Market” Equity Program](/investment-strategies/exchange-listed-products/physical-bullion-funds/platinum-and-palladium/press-releases/sprott-physical-platinum-and-palladium-trust-updates-its-at-the-market-equity-program/index.html.md): Platinum & Palladium: Sprott Physical Bullion Trusts Give Unitholders Access to Direct Registration System
- [Your Guide to Owning Physical Precious Metals](/investment-strategies/exchange-listed-products/physical-bullion-funds/your-guide-to-owning-physical-precious-metals/index.html.md): Learn how to own physical precious metals, comparing bars and coins, bullion ETFs, closed-end funds, certificates and digital metals.
- [Tax Guide](/investment-strategies/exchange-listed-products/physical-bullion-funds/tax-guide/index.html.md): Access Sprott tax guides and PFIC information for Physical Bullion Trusts and the Physical Uranium Trust, including QEF election resources for U.S. investors.
- [PFIC Notification Thanks](/investment-strategies/exchange-listed-products/physical-bullion-funds/tax-guide/pfic-notification-thanks/index.html.md)
- [Tax Guide Data](/investment-strategies/exchange-listed-products/physical-bullion-funds/tax-guide/tax-guide-data/index.html.md)
- [What is a PFIC?](/investment-strategies/exchange-listed-products/physical-bullion-funds/tax-guide/tax-guide-data/what-is-a-pfic/index.html.md)
- [Are the Trusts PFICs?](/investment-strategies/exchange-listed-products/physical-bullion-funds/tax-guide/tax-guide-data/are-the-trusts-pfics/index.html.md)
- [What are the tax advantages for U.S. investors as a result of the Trusts being PFICs?](/investment-strategies/exchange-listed-products/physical-bullion-funds/tax-guide/tax-guide-data/what-are-the-tax-advantages-for-us-investors-as-a-result-of-the-trusts-being-pfics/index.html.md)
- [Where can I find IRS Form 8621 and additional information on how to complete it?](/investment-strategies/exchange-listed-products/physical-bullion-funds/tax-guide/tax-guide-data/where-can-i-find-irs-form-8621-and-additional-information-on-how-to-complete-it/index.html.md)
- [Where can I find the necessary information for my QEF filing and annual reporting?](/investment-strategies/exchange-listed-products/physical-bullion-funds/tax-guide/tax-guide-data/where-can-i-find-the-necessary-information-for-my-qef-filing-and-annual-reporting/index.html.md)
- [Can the Trusts be held in an Individual Retirement Account \(IRA\)?](/investment-strategies/exchange-listed-products/physical-bullion-funds/tax-guide/tax-guide-data/can-the-trusts-be-held-in-an-individual-retirement-account-ira/index.html.md)
- [What if a U.S. taxable invest or did not make a QEF election for the first year the invest or held Trust units but wishes to do so now?](/investment-strategies/exchange-listed-products/physical-bullion-funds/tax-guide/tax-guide-data/what-if-a-us-taxable-invest-or-did-not-make-a-qef-election-for-the-first-year-the-invest-or-held-trust-units-but-wishes-to-do-so-now/index.html.md)
- [What are the other consequences of the Trusts being PFICs?](/investment-strategies/exchange-listed-products/physical-bullion-funds/tax-guide/tax-guide-data/what-are-the-other-consequences-of-the-trusts-being-pfics/index.html.md)
- [Are there other elections that can be made?](/investment-strategies/exchange-listed-products/physical-bullion-funds/tax-guide/tax-guide-data/are-there-other-elections-that-can-be-made/index.html.md)
- [What are the consequences of making neither a QEF election nor a mark-to-market election to a U.S. taxable investor?](/investment-strategies/exchange-listed-products/physical-bullion-funds/tax-guide/tax-guide-data/what-are-the-consequences-of-making-neither-a-qef-election-nor-a-mark-to-market-election-to-a-us-taxable-investor/index.html.md)
- [Can a U.S. tax-exempt investor benefit from the Trusts’ PFIC status?](/investment-strategies/exchange-listed-products/physical-bullion-funds/tax-guide/tax-guide-data/can-a-us-tax-exempt-investor-benefit-from-the-trusts-pfic-status/index.html.md)
- [Do the Trusts issue K-1s?](/investment-strategies/exchange-listed-products/physical-bullion-funds/tax-guide/tax-guide-data/do-the-trusts-issue-k-1s/index.html.md)
- [Can you provide an example of QEF reporting?](/investment-strategies/exchange-listed-products/physical-bullion-funds/tax-guide/tax-guide-data/can-you-provide-an-example-of-qef-reporting/index.html.md)
- [Subscription Request Thanks](/investment-strategies/exchange-listed-products/physical-bullion-funds/subscription-request-thanks/index.html.md)
- [Speak To Sales Thanks](/investment-strategies/exchange-listed-products/physical-bullion-funds/speak-to-sales-thanks/index.html.md)
- [Reasons to Own Sprott Physical Gold and Silver Trust \(CEF\)](/investment-strategies/exchange-listed-products/physical-bullion-funds/reasons-to-own-sprott-physical-gold-and-silver-trust-cef/index.html.md)
- [Reasons to Own Silver](/investment-strategies/exchange-listed-products/physical-bullion-funds/reasons-to-own-silver/index.html.md): Silver has been used throughout the ages as a medium of exchange. Today, as governments continue to debase fiat currencies, silver’s hard asset and store of value qualities should help protect investor wealth. Silver also has many industrial uses and is critical in manufacturing many of the technologies of tomorrow. This makes silver not just an attractive store of value, but one that stands to benefit alongside major technological shifts.
- [Reasons to Own Gold](/investment-strategies/exchange-listed-products/physical-bullion-funds/reasons-to-own-gold/index.html.md): Discover the unique investment characteristics of gold with Sprott's Physical Bullion Funds. Learn why gold is a valuable addition to a diversified portfolio, offering stability and a hedge against economic uncertainties.
- [CEF Don't Overpay for Gold and Silver](/investment-strategies/exchange-listed-products/physical-bullion-funds/cef-dont-overpay-for-gold-and-silver/index.html.md)
- [PSLV Don't Overpay for Silver](/investment-strategies/exchange-listed-products/physical-bullion-funds/pslv-dont-overpay-for-silver/index.html.md)
- [PHYS Don't Overpay for Gold](/investment-strategies/exchange-listed-products/physical-bullion-funds/phys-dont-overpay-for-gold/index.html.md)
- [PFIC Delivery](/investment-strategies/exchange-listed-products/physical-bullion-funds/pfic-delivery/index.html.md)
- [How to Redeem](/investment-strategies/exchange-listed-products/physical-bullion-funds/how-to-redeem/index.html.md)
- [Direct Registration System](/investment-strategies/exchange-listed-products/physical-bullion-funds/direct-registration-system/index.html.md)
- [Bullion Calculator](/investment-strategies/exchange-listed-products/physical-bullion-funds/bullion-calculator/index.html.md)
- [Bar Lists](/investment-strategies/exchange-listed-products/physical-bullion-funds/bar-lists/index.html.md)
- [Physical Commodity Funds](/investment-strategies/exchange-listed-products/physical-commodity-funds/index.html.md)
- [Uranium](/investment-strategies/exchange-listed-products/physical-commodity-funds/uranium/index.html.md): Gain exposure to physical uranium through the Sprott Physical Uranium Trust (SPUT), which invests substantially all of its assets in U₃O₈.
- [Uranium Infographic - Smashing Atoms: The History of Uranium and Nuclear Power](/investment-strategies/exchange-listed-products/physical-commodity-funds/uranium/uranium-infographic-smashing-atoms-the-history-of-uranium-and-nuclear-power/index.html.md)
- [Uranium Infographic - A Key Element to Achieve a Net-Zero Carbon Future](/investment-strategies/exchange-listed-products/physical-commodity-funds/uranium/uranium-infographic-a-key-element-to-achieve-a-net-zero-carbon-future/index.html.md)
- [Financial Reports](/investment-strategies/exchange-listed-products/physical-commodity-funds/uranium/financial-reports/index.html.md)
- [Press Releases](/investment-strategies/exchange-listed-products/physical-commodity-funds/uranium/press-releases/index.html.md)
- [Sprott Physical Uranium Trust Closes Upsized US$200 Million Bought Deal Financing](/investment-strategies/exchange-listed-products/physical-commodity-funds/uranium/press-releases/sprott-physical-uranium-trust-closes-upsized-us-200-million-bought-deal-financing/index.html.md): Uranium: Sprott Physical Uranium Trust Closes Upsized US$200 Million Bought Deal Financing
- [Sprott Physical Uranium Trust Raises US$25.55 Million Through Non-Brokered Private Placement](/investment-strategies/exchange-listed-products/physical-commodity-funds/uranium/press-releases/sprott-physical-uranium-trust-raises-us-2555-million-through-non-brokered-private-placement/index.html.md)
- [Sprott Physical Uranium Trust Announces Filing of New Preliminary Base Shelf Prospectus and Consideration of Structural Changes](/investment-strategies/exchange-listed-products/physical-commodity-funds/uranium/press-releases/sprott-physical-uranium-trust-announces-filing-of-new-preliminary-base-shelf-prospectus-and-consideration-of-structural-changes/index.html.md)
- [Sprott Physical Uranium Trust Announces Updated “At-the-Market” Equity Program](/investment-strategies/exchange-listed-products/physical-commodity-funds/uranium/press-releases/sprott-physical-uranium-trust-announces-updated-at-the-market-equity-program/index.html.md)
- [Sprott Physical Uranium Trust Net Asset Value Reaches $5.0 Billion](/investment-strategies/exchange-listed-products/physical-commodity-funds/uranium/press-releases/sprott-physical-uranium-trust-net-asset-value-reaches-50-billion/index.html.md)
- [Sprott Physical Uranium Trust Announces Filing of New US$1.5 Billion Preliminary Base Shelf Prospectus and Results of Consideration of Structural Changes](/investment-strategies/exchange-listed-products/physical-commodity-funds/uranium/press-releases/sprott-physical-uranium-trust-announces-filing-of-new-us-15-billion-preliminary-base-shelf-prospectus-and-results-of-consideration-of-structural-changes/index.html.md)
- [Sprott Physical Uranium Trust Announces Updated “At-the-Market” Equity Program \(1\) ](/investment-strategies/exchange-listed-products/physical-commodity-funds/uranium/press-releases/sprott-physical-uranium-trust-announces-updated-at-the-market-equity-program-1/index.html.md)
- [Sprott Physical Uranium Trust Announces US$100 Million Bought Deal Financing](/investment-strategies/exchange-listed-products/physical-commodity-funds/uranium/press-releases/sprott-physical-uranium-trust-announces-us-100-million-bought-deal-financing/index.html.md): Uranium: Sprott Physical Uranium Trust Announces US$100 Million Bought Deal Financing
- [Bourse de Montréal Lists Options on Sprott Physical Uranium Trust](/investment-strategies/exchange-listed-products/physical-commodity-funds/uranium/press-releases/bourse-de-montreal-lists-options-on-sprott-physical-uranium-trust/index.html.md)
- [SPROTT PHYSICAL URANIUM TRUST UPDATES ITS “AT-THE-MARKET” EQUITY PROGRAM](/investment-strategies/exchange-listed-products/physical-commodity-funds/uranium/press-releases/sprott-physical-uranium-trust-updates-its-at-the-market-equity-program/index.html.md): SPROTT PHYSICAL URANIUM TRUST UPDATES ITS “AT-THE-MARKET” EQUITY PROGRAM
- [Copper](/investment-strategies/exchange-listed-products/physical-commodity-funds/copper/index.html.md): Gain exposure to physical copper through the Sprott Physical Copper Trust (COP), which invests substantially all of its assets in physical copper.
- [Financial Reports](/investment-strategies/exchange-listed-products/physical-commodity-funds/copper/financial-reports/index.html.md)
- [Press Releases](/investment-strategies/exchange-listed-products/physical-commodity-funds/copper/press-releases/index.html.md)
- [Sprott Physical Copper Trust Announces Closing of Initial Public Offering](/investment-strategies/exchange-listed-products/physical-commodity-funds/copper/press-releases/sprott-physical-copper-trust-announces-closing-of-initial-public-offering/index.html.md)
- [Sprott Physical Copper Trust Announces “At-The-Market” Equity Program](/investment-strategies/exchange-listed-products/physical-commodity-funds/copper/press-releases/sprott-physical-copper-trust-announces-at-the-market-equity-program/index.html.md)
- [Sprott Physical Copper Trust Proceeds With Value Add Transaction](/investment-strategies/exchange-listed-products/physical-commodity-funds/copper/press-releases/sprott-physical-copper-trust-proceeds-with-value-add-transaction/index.html.md)
- [Sprott Physical Copper Trust Announces Filing to List on NYSE Arca](/investment-strategies/exchange-listed-products/physical-commodity-funds/copper/press-releases/sprott-physical-copper-trust-announces-filing-to-list-on-nyse-arca/index.html.md)
- [Sprott Physical Copper Trust Announces Amendments to Trust Agreement](/investment-strategies/exchange-listed-products/physical-commodity-funds/copper/press-releases/sprott-physical-copper-trust-announces-amendments-to-trust-agreement/index.html.md)
- [Sprott Physical Copper Trust Announces Approval of Mutual Fund Restructuring by Unitholders](/investment-strategies/exchange-listed-products/physical-commodity-funds/copper/press-releases/sprott-physical-copper-trust-announces-approval-of-mutual-fund-restructuring-by-unitholders/index.html.md)
- [Sprott Physical Copper Trust Updates Its “At-The-Market” Equity Program in Connection with NYSE Arca Listing](/investment-strategies/exchange-listed-products/physical-commodity-funds/copper/press-releases/sprott-physical-copper-trust-updates-its-at-the-market-equity-program-in-connection-with-nyse-arca-listing/index.html.md)
- [FAQs Sprott Physical Uranium Trust](/investment-strategies/exchange-listed-products/physical-commodity-funds/faqs-sprott-physical-uranium-trust/index.html.md)
- [Reasons to Invest in Uranium](/investment-strategies/exchange-listed-products/physical-commodity-funds/reasons-to-invest-in-uranium/index.html.md): Explore the compelling reasons to invest in uranium with Sprott's Physical Commodity Funds. Understand how uranium offers a unique diversification opportunity, driven by rising global electricity demand, structural supply deficits, and geopolitical factors.
- [Sprott ETFs](/investment-strategies/exchange-listed-products/sprott-etfs/index.html.md): Explore Sprott ETFs for specialized access to precious metals, critical materials and mining companies across the global resource sector.
- [Managed Equities](/investment-strategies/managed-equities/index.html.md): Our actively managed funds provide access to gold mining equities and a broad-based value-oriented equity strategy.
- [Sprott Gold Equity Fund](/investment-strategies/managed-equities/sprott-gold-equity-fund/index.html.md)
- [Focus Trust](/investment-strategies/managed-equities/focus-trust/index.html.md)
- [Distributions](/investment-strategies/managed-equities/focus-trust/distributions/index.html.md)
- [Press Releases](/investment-strategies/managed-equities/focus-trust/press-releases/index.html.md)
- [19\(a\) Press Release - 6/06/2017](/investment-strategies/managed-equities/focus-trust/press-releases/19-a-press-release-6062017/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Implements a Share Repurchase Program](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-implements-a-share-repurchase-program/index.html.md)
- [19\(a\) Press Release Correction - 9/14/2017](/investment-strategies/managed-equities/focus-trust/press-releases/19-a-press-release-correction-9142017/index.html.md)
- [19\(a\) Press Release - 9/05/2017](/investment-strategies/managed-equities/focus-trust/press-releases/19-a-press-release-9052017/index.html.md)
- [19\(a\) Press Release - 12/05/2016](/investment-strategies/managed-equities/focus-trust/press-releases/19-a-press-release-12052016/index.html.md)
- [19\(a\) Press Release - 9/02/2016](/investment-strategies/managed-equities/focus-trust/press-releases/19-a-press-release-9022016/index.html.md)
- [19\(a\) Press Release - 6/6/2016](/investment-strategies/managed-equities/focus-trust/press-releases/19-a-press-release-662016/index.html.md)
- [19\(a\) Press Release - 3/4/2016](/investment-strategies/managed-equities/focus-trust/press-releases/19-a-press-release-342016/index.html.md)
- [19\(a\) Press Release - 12/03/2015](/investment-strategies/managed-equities/focus-trust/press-releases/19-a-press-release-12032015/index.html.md)
- [19\(a\) Press Release - 9/04/2015](/investment-strategies/managed-equities/focus-trust/press-releases/19-a-press-release-9042015/index.html.md)
- [19\(a\) Press Release - 6/04/2015](/investment-strategies/managed-equities/focus-trust/press-releases/19-a-press-release-6042015/index.html.md)
- [19\(a\) Press Release Correction - 5/6/2015](/investment-strategies/managed-equities/focus-trust/press-releases/19-a-press-release-correction-562015/index.html.md)
- [19\(a\) Press Release - 5/15/2015](/investment-strategies/managed-equities/focus-trust/press-releases/19-a-press-release-5152015/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Increases Common Stock Distribution](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-increases-common-stock-distribution/index.html.md)
- [19\(a\) Press Release - 12/05/2017](/investment-strategies/managed-equities/focus-trust/press-releases/19-a-press-release-12052017/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares First Quarter Common Stock Distribution of $0.129 Per Share](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-first-quarter-common-stock-distribution-of-0129-per-share/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares Second Quarter Common Stock Distribution of $0.129 Per Share](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-second-quarter-common-stock-distribution-of-0129-per-share/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares Third Quarter Common Stock Distribution of $0.129 Per Share](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-third-quarter-common-stock-distribution-of-0129-per-share/index.html.md)
- [Correction: Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares Third Quarter Common Stock Distribution of $0.129 Per Share](/investment-strategies/managed-equities/focus-trust/press-releases/correction-sprott-focus-trust-inc-nasdaq-fund-declares-third-quarter-common-stock-distribution-of-0129-per-share/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares Fourth Quarter Common Stock Distribution of $0.3019 Per share](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-fourth-quarter-common-stock-distribution-of-03019-per-share/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares First Quarter Common Stock Distribution of $0.1196 Per Share](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-first-quarter-common-stock-distribution-of-01196-per-share/index.html.md)
- [CORRECTION: Sprott Focus Trust, Inc.](/investment-strategies/managed-equities/focus-trust/press-releases/correction-sprott-focus-trust-inc/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares Fourth Quarter Common Stock Distribution of $0.129 Per Share](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-fourth-quarter-common-stock-distribution-of-0129-per-share/index.html.md)
- [CORRECTING and REPLACING – Sprott Focus Trust, Inc. ](/investment-strategies/managed-equities/focus-trust/press-releases/correcting-and-replacing-sprott-focus-trust-inc/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares Second Quarter Common Stock Distribution of $0.1157 Per Share](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-second-quarter-common-stock-distribution-of-01157-per-share/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares Third Quarter Common Stock Distribution of $0.1121 Per Share](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-third-quarter-common-stock-distribution-of-01121-per-share/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares Fourth Quarter Common Stock Distribution of $0.1163 Per Share](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-fourth-quarter-common-stock-distribution-of-01163-per-share/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares First Quarter Common Stock Distribution of $0.1159 Per Share](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-first-quarter-common-stock-distribution-of-01159-per-share/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares Second Quarter Common Stock Distribution of $0.1093 Per Share](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-second-quarter-common-stock-distribution-of-01093-per-share/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares Third Quarter Common Stock Distribution of $0.1070 Per Share](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-third-quarter-common-stock-distribution-of-01070-per-share/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares Fourth Quarter Common Stock Distribution of $0.2150 Per Share](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-fourth-quarter-common-stock-distribution-of-02150-per-share/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares Second Quarter Common Stock Distribution of $0.1160 Per Share](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-second-quarter-common-stock-distribution-of-01160-per-share/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares Third Quarter Common Stock Distribution of $0.1252 Per Share](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-third-quarter-common-stock-distribution-of-01252-per-share/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares Fourth Quarter Common Stock Distribution of $0.4107 Per Share](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-fourth-quarter-common-stock-distribution-of-04107-per-share/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares First Quarter Common Stock Distribution of $0.1359 Per Share](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-first-quarter-common-stock-distribution-of-01359-per-share/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares Second Quarter Common Stock Distribution of $0.1389 Per Share](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-second-quarter-common-stock-distribution-of-01389-per-share/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares Third Quarter Common Stock Distribution of $0.1334 Per Share](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-third-quarter-common-stock-distribution-of-01334-per-share/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares Fourth Quarter Common Stock Distribution of $0.1276 Per Share](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-fourth-quarter-common-stock-distribution-of-01276-per-share/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares First Quarter Common Stock Distribution of $0.1254 Per Share](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-first-quarter-common-stock-distribution-of-01254-per-share/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares Second Quarter Common Stock Distribution of $0.1217 Per Share](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-second-quarter-common-stock-distribution-of-01217-per-share/index.html.md)
- [Correction: Sprott Focus Trust, Inc. 6/5/2023](/investment-strategies/managed-equities/focus-trust/press-releases/correction-sprott-focus-trust-inc-652023/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares Third Quarter Common Stock Distribution of $0.1238 Per Share](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-third-quarter-common-stock-distribution-of-01238-per-share/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares First Quarter Common Stock Distribution of $0.1286 Per Share](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-first-quarter-common-stock-distribution-of-01286-per-share/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares Fourth Quarter Common Stock Distribution of $0.1270 Per Share](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-fourth-quarter-common-stock-distribution-of-01270-per-share/index.html.md)
- [CORRECTION -- Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares Second Quarter Common Stock Distribution of $0.1217 Per Share](/investment-strategies/managed-equities/focus-trust/press-releases/correction-sprott-focus-trust-inc-nasdaq-fund-declares-second-quarter-common-stock-distribution-of-01217-per-share/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares First Quarter Common Stock Distribution of $0.1044 Per Share](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-first-quarter-common-stock-distribution-of-01044-per-share/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares Second Quarter Common Stock Distribution of $0.1299 Per Share](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-second-quarter-common-stock-distribution-of-01299-per-share/index.html.md)
- [Sprott Focus Trust, Inc. Implements a Share Repurchase Program](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-implements-a-share-repurchase-program/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares Third Quarter Common Stock Distribution of $0.1301 Per Share](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-third-quarter-common-stock-distribution-of-01301-per-share/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares Fourth Quarter Common Stock Distribution of $0.2161 Per Share](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-fourth-quarter-common-stock-distribution-of-02161-per-share/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares First Quarter Common Stock Distribution of $0.1305 Per Share](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-first-quarter-common-stock-distribution-of-01305-per-share/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares Fourth Quarter Common Stock Distribution of $0.4107 Per Share \(1\) ](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-fourth-quarter-common-stock-distribution-of-04107-per-share-1/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares Third Quarter Common Stock Distribution of $0.1252 Per Share \(1\) ](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-third-quarter-common-stock-distribution-of-01252-per-share-1/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares Second Quarter Common Stock Distribution of $0.1160 Per Share \(1\) ](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-second-quarter-common-stock-distribution-of-01160-per-share-1/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares Fourth Quarter Common Stock Distribution of $0.2150 Per Share \(1\) ](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-fourth-quarter-common-stock-distribution-of-02150-per-share-1/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares Third Quarter Common Stock Distribution of $0.1274 Per Share](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-third-quarter-common-stock-distribution-of-01274-per-share/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Implements a Share Repurchase Program \(1\) ](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-implements-a-share-repurchase-program-1/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares Second Quarter Common Stock Distribution of $0.1093 Per Share \(1\) ](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-second-quarter-common-stock-distribution-of-01093-per-share-1/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares Fourth Quarter Common Stock Distribution of $0.1163 Per Share \(1\) ](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-fourth-quarter-common-stock-distribution-of-01163-per-share-1/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares Second Quarter Common Stock Distribution of $0.1157 Per Share \(1\) ](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-second-quarter-common-stock-distribution-of-01157-per-share-1/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares Fourth Quarter Common Stock Distribution of $0.1911 Per Share](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-fourth-quarter-common-stock-distribution-of-01911-per-share/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares First Quarter Common Stock Distribution of $0.1335 Per Share](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-first-quarter-common-stock-distribution-of-01335-per-share/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares Second Quarter Common Stock Distribution of $0.1424 Per Share](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-second-quarter-common-stock-distribution-of-01424-per-share/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares Second Quarter Common Stock Distribution of $0.1280 Per Share \(2\)](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-second-quarter-common-stock-distribution-of-01280-per-share-2/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares Third Quarter Common Stock Distribution of $0.1238 Per Share \(1\)  \(1\)](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-third-quarter-common-stock-distribution-of-01238-per-share-1-1/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares Second Quarter Common Stock Distribution of $0.1217 Per Share \(1\)  \(1\)](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-second-quarter-common-stock-distribution-of-01217-per-share-1-1/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares First Quarter Common Stock Distribution of $0.1254 Per Share \(1\)  \(1\)](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-first-quarter-common-stock-distribution-of-01254-per-share-1-1/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares Fourth Quarter Common Stock Distribution of $0.1276 Per Share \(1\)  \(1\)](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-fourth-quarter-common-stock-distribution-of-01276-per-share-1-1/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares Third Quarter Common Stock Distribution of $0.1334 Per Share \(1\)  \(1\)](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-third-quarter-common-stock-distribution-of-01334-per-share-1-1/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares Second Quarter Common Stock Distribution of $0.1389 Per Share \(1\)  \(1\)](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-second-quarter-common-stock-distribution-of-01389-per-share-1-1/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares First Quarter Common Stock Distribution of $0.1359 Per Share \(1\)  \(1\)](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-first-quarter-common-stock-distribution-of-01359-per-share-1-1/index.html.md)
- [Sprott Focus Trust, Inc. \(Nasdaq-FUND\) Declares Third Quarter Common Stock Distribution of $0.1503 Per Share](/investment-strategies/managed-equities/focus-trust/press-releases/sprott-focus-trust-inc-nasdaq-fund-declares-third-quarter-common-stock-distribution-of-01503-per-share/index.html.md)
- [Manager Commentary Dec. 31, 2017](/investment-strategies/managed-equities/focus-trust/manager-commentary-dec-31-2017/index.html.md): Sprott Focus Trust Annual Shareholder Letter Manager Commentary Dec. 31, 2017
- [Manager Commentary June 30, 2018](/investment-strategies/managed-equities/focus-trust/manager-commentary-june-30-2018/index.html.md): Sprott Focus Trust Annual Shareholder Letter Manager Commentary June 30, 2018
- [Manager Commentary Dec. 31, 2018](/investment-strategies/managed-equities/focus-trust/manager-commentary-dec-31-2018/index.html.md): Sprott Focus Trust Annual Shareholder Letter Manager Commentary Dec. 31, 2018
- [Manager Commentary June 30, 2019](/investment-strategies/managed-equities/focus-trust/manager-commentary-june-30-2019/index.html.md): Sprott Focus Trust Semi-Annual Shareholder Letter Manager Commentary June 30, 2019
- [Manager Commentary Dec. 31, 2019](/investment-strategies/managed-equities/focus-trust/manager-commentary-dec-31-2019/index.html.md)
- [Manager Commentary June 30, 2020](/investment-strategies/managed-equities/focus-trust/manager-commentary-june-30-2020/index.html.md): Read the June 30, 2020, Manager Commentary for Sprott Focus Trust. Gain insights into market volatility, portfolio performance, and investment strategies during an extraordinary year marked by the COVID-19 pandemic.
- [Manager Commentary Dec. 31, 2020](/investment-strategies/managed-equities/focus-trust/manager-commentary-dec-31-2020/index.html.md): Sprott Focus Trust Annual Shareholder Letter Manager Commentary Dec. 31, 2020
- [Manager Commentary June 30, 2021](/investment-strategies/managed-equities/focus-trust/manager-commentary-june-30-2021/index.html.md)
- [Manager Commentary Dec. 31, 2021](/investment-strategies/managed-equities/focus-trust/manager-commentary-dec-31-2021/index.html.md)
- [Manager Commentary June 30, 2022](/investment-strategies/managed-equities/focus-trust/manager-commentary-june-30-2022/index.html.md): Sprott Focus Trust Semi-Annual Shareholder Letter Manager Commentary June 30, 2022
- [Manager Commentary Dec. 31, 2022](/investment-strategies/managed-equities/focus-trust/manager-commentary-dec-31-2022/index.html.md)
- [Manager Commentary June 30, 2023](/investment-strategies/managed-equities/focus-trust/manager-commentary-june-30-2023/index.html.md): Sprott Focus Trust Semi-Annual Shareholder Letter Manager Commentary June 30, 2023
- [Manager Commentary Dec. 31, 2023](/investment-strategies/managed-equities/focus-trust/manager-commentary-dec-31-2023/index.html.md)
- [Manager Commentary June 30, 2024](/investment-strategies/managed-equities/focus-trust/manager-commentary-june-30-2024/index.html.md)
- [Manager Commentary Dec. 31, 2024](/investment-strategies/managed-equities/focus-trust/manager-commentary-dec-31-2024/index.html.md)
- [Manager Commentary June 30, 2025](/investment-strategies/managed-equities/focus-trust/manager-commentary-june-30-2025/index.html.md)
- [Manager Commentary Dec. 31, 2025](/investment-strategies/managed-equities/focus-trust/manager-commentary-dec-31-2025/index.html.md)
- [Private Strategies](/investment-strategies/private-strategies/index.html.md)
- [Sprott Natural Resource Investment Partners](/investment-strategies/private-strategies/sprott-natural-resource-investment-partners/index.html.md): Sprott Natural Resource Investment Partners is a leading financier to the mining sector globally, providing speed and certainty of execution, maximum flexibility and reduced complexity.
- [Financings](/investment-strategies/private-strategies/sprott-natural-resource-investment-partners/financings/index.html.md)
- [Robex](/investment-strategies/private-strategies/sprott-natural-resource-investment-partners/financings/robex/index.html.md)
- [West African Resources](/investment-strategies/private-strategies/sprott-natural-resource-investment-partners/financings/west-african-resources/index.html.md)
- [Metal Acquisition Corp.](/investment-strategies/private-strategies/sprott-natural-resource-investment-partners/financings/metal-acquisition-corp/index.html.md)
- [Foran Mining Corporation](/investment-strategies/private-strategies/sprott-natural-resource-investment-partners/financings/foran-mining-corporation/index.html.md)
- [Marathon Gold Corp.](/investment-strategies/private-strategies/sprott-natural-resource-investment-partners/financings/marathon-gold-corp/index.html.md)
- [EMX Royalty Corp 8-2021](/investment-strategies/private-strategies/sprott-natural-resource-investment-partners/financings/emx-royalty-corp-8-2021/index.html.md)
- [Geopacific Resources](/investment-strategies/private-strategies/sprott-natural-resource-investment-partners/financings/geopacific-resources/index.html.md)
- [Elemental Resources](/investment-strategies/private-strategies/sprott-natural-resource-investment-partners/financings/elemental-resources/index.html.md)
- [Novo Resources](/investment-strategies/private-strategies/sprott-natural-resource-investment-partners/financings/novo-resources/index.html.md)
- [Hycroft Mining](/investment-strategies/private-strategies/sprott-natural-resource-investment-partners/financings/hycroft-mining/index.html.md)
- [Emerald Resources NL](/investment-strategies/private-strategies/sprott-natural-resource-investment-partners/financings/emerald-resources-nl/index.html.md)
- [Platinum Group Metals](/investment-strategies/private-strategies/sprott-natural-resource-investment-partners/financings/platinum-group-metals/index.html.md)
- [Equinox Gold Corp. 2](/investment-strategies/private-strategies/sprott-natural-resource-investment-partners/financings/equinox-gold-corp-2/index.html.md)
- [Cardinal Resources Ltd.](/investment-strategies/private-strategies/sprott-natural-resource-investment-partners/financings/cardinal-resources-ltd/index.html.md)
- [EMX Royalty Corp](/investment-strategies/private-strategies/sprott-natural-resource-investment-partners/financings/emx-royalty-corp/index.html.md)
- [Harte Gold Corp.](/investment-strategies/private-strategies/sprott-natural-resource-investment-partners/financings/harte-gold-corp/index.html.md)
- [Alexco Resource Corp.](/investment-strategies/private-strategies/sprott-natural-resource-investment-partners/financings/alexco-resource-corp/index.html.md)
- [Alphamin Resources](/investment-strategies/private-strategies/sprott-natural-resource-investment-partners/financings/alphamin-resources/index.html.md)
- [Equinox Gold Corp.](/investment-strategies/private-strategies/sprott-natural-resource-investment-partners/financings/equinox-gold-corp/index.html.md)
- [Champion Iron Limited](/investment-strategies/private-strategies/sprott-natural-resource-investment-partners/financings/champion-iron-limited/index.html.md)
- [Metro Mining Limited](/investment-strategies/private-strategies/sprott-natural-resource-investment-partners/financings/metro-mining-limited/index.html.md)
- [TMAC](/investment-strategies/private-strategies/sprott-natural-resource-investment-partners/financings/tmac/index.html.md)
- [Northern Vertex Mining Corp.](/investment-strategies/private-strategies/sprott-natural-resource-investment-partners/financings/northern-vertex-mining-corp/index.html.md)
- [Timmins Gold Corp.](/investment-strategies/private-strategies/sprott-natural-resource-investment-partners/financings/timmins-gold-corp/index.html.md)
- [SEMAFO Inc.](/investment-strategies/private-strategies/sprott-natural-resource-investment-partners/financings/semafo-inc/index.html.md)
- [Corsa](/investment-strategies/private-strategies/sprott-natural-resource-investment-partners/financings/corsa/index.html.md)
- [Altius](/investment-strategies/private-strategies/sprott-natural-resource-investment-partners/financings/altius/index.html.md)
- [Lake Shore Gold Corp.](/investment-strategies/private-strategies/sprott-natural-resource-investment-partners/financings/lake-shore-gold-corp/index.html.md)
- [North American Palladium](/investment-strategies/private-strategies/sprott-natural-resource-investment-partners/financings/north-american-palladium/index.html.md)
- [Team](/investment-strategies/private-strategies/sprott-natural-resource-investment-partners/team/index.html.md): Sprott Natural Resource Investment Partners Team
- [Resource Streaming and Royalty Corp.](/investment-strategies/private-strategies/resource-streaming-and-royalty-corp/index.html.md): Sprott Resource Streaming and Royalty Corp. provides specialized forms of capital to the mining sector on behalf of institutional investors.
- [Financings](/investment-strategies/private-strategies/resource-streaming-and-royalty-corp/financings/index.html.md)
- [Talisker Resources Ltd.](/investment-strategies/private-strategies/resource-streaming-and-royalty-corp/financings/talisker-resources-ltd/index.html.md)
- [Canada Fluorspar Inc.](/investment-strategies/private-strategies/resource-streaming-and-royalty-corp/financings/canada-fluorspar-inc/index.html.md)
- [Golden Sun Resources Ltd.](/investment-strategies/private-strategies/resource-streaming-and-royalty-corp/financings/golden-sun-resources-ltd/index.html.md)
- [Ascendant Resources](/investment-strategies/private-strategies/resource-streaming-and-royalty-corp/financings/ascendant-resources/index.html.md)
- [Trigon Metals Inc.](/investment-strategies/private-strategies/resource-streaming-and-royalty-corp/financings/trigon-metals-inc/index.html.md)
- [Southern Sphere Platinum Proprietary Limited](/investment-strategies/private-strategies/resource-streaming-and-royalty-corp/financings/southern-sphere-platinum-proprietary-limited/index.html.md)
- [Northern Graphite Corporation](/investment-strategies/private-strategies/resource-streaming-and-royalty-corp/financings/northern-graphite-corporation/index.html.md)
- [Treasury Metals Inc.](/investment-strategies/private-strategies/resource-streaming-and-royalty-corp/financings/treasury-metals-inc/index.html.md)
- [South Star Battery Metals Corp.](/investment-strategies/private-strategies/resource-streaming-and-royalty-corp/financings/south-star-battery-metals-corp/index.html.md)
- [Cerrado Gold Brazil](/investment-strategies/private-strategies/resource-streaming-and-royalty-corp/financings/cerrado-gold-brazil/index.html.md)
- [Seabridge Gold](/investment-strategies/private-strategies/resource-streaming-and-royalty-corp/financings/seabridge-gold/index.html.md)
- [Bunker Hill Mining](/investment-strategies/private-strategies/resource-streaming-and-royalty-corp/financings/bunker-hill-mining/index.html.md)
- [Trafigura](/investment-strategies/private-strategies/resource-streaming-and-royalty-corp/financings/trafigura/index.html.md)
- [Ascot Resources](/investment-strategies/private-strategies/resource-streaming-and-royalty-corp/financings/ascot-resources/index.html.md)
- [West Vault Mining](/investment-strategies/private-strategies/resource-streaming-and-royalty-corp/financings/west-vault-mining/index.html.md)
- [Vale](/investment-strategies/private-strategies/resource-streaming-and-royalty-corp/financings/vale/index.html.md)
- [Hycroft Mining Corporation](/investment-strategies/private-strategies/resource-streaming-and-royalty-corp/financings/hycroft-mining-corporation/index.html.md)
- [Cerrado Gold](/investment-strategies/private-strategies/resource-streaming-and-royalty-corp/financings/cerrado-gold/index.html.md)
- [Team](/investment-strategies/private-strategies/resource-streaming-and-royalty-corp/team/index.html.md): Sprott Resource Streaming and Royalty Team
- [Physical Commodities Strategy](/investment-strategies/private-strategies/physical-commodities-strategy/index.html.md): The Strategy seeks to take advantage of significant mispricings in a select range of physical commodities.
- [Education](/education/index.html.md): Explore Sprott’s education centers for insights on gold, silver, uranium, copper, rare earths and other critical materials.
- [Gold Education Center](/education/gold-education-center/index.html.md)
- [Silver Education Center](/education/silver-education-center/index.html.md)
- [Platinum and Palladium Education Center](/education/platinum-and-palladium-education-center/index.html.md)
- [Uranium Education Center](/education/uranium-education-center/index.html.md)
- [Copper Education Center](/education/copper-education-center/index.html.md)
- [Critical Materials Education Center](/education/critical-materials-education-center/index.html.md)
- [Rare Earths Education Center](/education/rare-earths-education-center/index.html.md)
- [Investor Relations](/investor-relations/index.html.md): Access Sprott Inc. investor information, including financial reports, press releases, governance documents, webcasts and shareholder resources.
- [Financial Reports](/investor-relations/financial-reports/index.html.md)
- [Press Releases](/investor-relations/press-releases/index.html.md)
- [Sprott Announces Year Ended 2023 Results](/investor-relations/press-releases/sprott-announces-year-ended-2023-results/index.html.md)
- [Sprott Private Resource Streaming and Royalty Fund Completes Final Closing](/investor-relations/press-releases/sprott-private-resource-streaming-and-royalty-fund-completes-final-closing/index.html.md)
- [Sprott Announces Date for 2021 Annual Results Conference Call](/investor-relations/press-releases/sprott-announces-date-for-2021-annual-results-conference-call/index.html.md)
- [Sprott Inc. Declares Fourth Quarter 2021 Dividend](/investor-relations/press-releases/sprott-inc-declares-fourth-quarter-2021-dividend/index.html.md)
- [Sprott Announces Year Ended 2021 Results](/investor-relations/press-releases/sprott-announces-year-ended-2021-results/index.html.md)
- [Sprott Celebrates International Women’s Day](/investor-relations/press-releases/sprott-celebrates-international-women-s-day/index.html.md)
- [Sprott Asset Management Announces Acquisition of Assets Relating to the North Shore Global Uranium Mining ETF](/investor-relations/press-releases/sprott-asset-management-announces-acquisition-of-assets-relating-to-the-north-shore-global-uranium-mining-etf/index.html.md)
- [Kevin Hibbert wins 2022 Report on Business Best Executive Award](/investor-relations/press-releases/kevin-hibbert-wins-2022-report-on-business-best-executive-award/index.html.md)
- [Sprott Announces Date for 2022 First Quarter Results Conference Call](/investor-relations/press-releases/sprott-announces-date-for-2022-first-quarter-results-conference-call/index.html.md)
- [Sprott Inc. Declares First Quarter 2022 Dividend](/investor-relations/press-releases/sprott-inc-declares-first-quarter-2022-dividend/index.html.md)
- [Sprott Announces First Quarter 2022 Results](/investor-relations/press-releases/sprott-announces-first-quarter-2022-results/index.html.md)
- [Sprott Inc. Announces Results of its Annual and Special Meeting of Shareholders](/investor-relations/press-releases/sprott-inc-announces-results-of-its-annual-and-special-meeting-of-shareholders/index.html.md)
- [Sprott Announces CEO Transition](/investor-relations/press-releases/sprott-announces-ceo-transition/index.html.md)
- [Sprott Announces Date for 2022 Second Quarter Results Webcast](/investor-relations/press-releases/sprott-announces-date-for-2022-second-quarter-results-webcast/index.html.md)
- [Sprott Inc. Declares Second Quarter 2022 Dividend](/investor-relations/press-releases/sprott-inc-declares-second-quarter-2022-dividend/index.html.md)
- [Sprott Announces Second Quarter 2022 Results](/investor-relations/press-releases/sprott-announces-second-quarter-2022-results/index.html.md)
- [Sprott Announces Date For 2022 Third Quarter Results Webcast](/investor-relations/press-releases/sprott-announces-date-for-2022-third-quarter-results-webcast/index.html.md)
- [Sprott Inc. Declares Third Quarter 2022 Dividend](/investor-relations/press-releases/sprott-inc-declares-third-quarter-2022-dividend/index.html.md)
- [Sprott Announces Third Quarter 2022 Results](/investor-relations/press-releases/sprott-announces-third-quarter-2022-results/index.html.md)
- [Sprott Launches Four New ETFs Focused on Energy Transition Materials](/investor-relations/press-releases/sprott-launches-four-new-etfs-focused-on-energy-transition-materials/index.html.md)
- [Sprott Announces Date for 2022 Annual Results Webcast](/investor-relations/press-releases/sprott-announces-date-for-2022-annual-results-webcast/index.html.md)
- [Sprott Inc. Declares Fourth Quarter 2022 Dividend](/investor-relations/press-releases/sprott-inc-declares-fourth-quarter-2022-dividend/index.html.md)
- [Sprott Announces Year Ended 2022 Results](/investor-relations/press-releases/sprott-announces-year-ended-2022-results/index.html.md)
- [Sprott Announces Date for 2023 First Quarter Results Webcast](/investor-relations/press-releases/sprott-announces-date-for-2023-first-quarter-results-webcast/index.html.md)
- [Sprott Inc. Declares First Quarter 2023 Dividend](/investor-relations/press-releases/sprott-inc-declares-first-quarter-2023-dividend/index.html.md)
- [Sprott Announces First Quarter 2023 Results](/investor-relations/press-releases/sprott-announces-first-quarter-2023-results/index.html.md)
- [Sprott Announces Date for 2023 Second Quarter Results Webcast](/investor-relations/press-releases/sprott-announces-date-for-2023-second-quarter-results-webcast/index.html.md)
- [Sprott Inc. Declares Second Quarter 2023 Dividend](/investor-relations/press-releases/sprott-inc-declares-second-quarter-2023-dividend/index.html.md)
- [Sprott Announces Second Quarter 2023 Results](/investor-relations/press-releases/sprott-announces-second-quarter-2023-results/index.html.md)
- [Sprott Private Resource Streaming and Royalty Annex Fund Completes Final Closing](/investor-relations/press-releases/sprott-private-resource-streaming-and-royalty-annex-fund-completes-final-closing/index.html.md)
- [Sprott Private Resource Lending Fund III Completes Final Closing](/investor-relations/press-releases/sprott-private-resource-lending-fund-iii-completes-final-closing/index.html.md)
- [Sprott Announces Date for 2023 Third Quarter Results Webcast](/investor-relations/press-releases/sprott-announces-date-for-2023-third-quarter-results-webcast/index.html.md)
- [Sprott Inc. Declares Third Quarter 2023 Dividend](/investor-relations/press-releases/sprott-inc-declares-third-quarter-2023-dividend/index.html.md)
- [Sprott Announces Third Quarter 2023 Results](/investor-relations/press-releases/sprott-announces-third-quarter-2023-results/index.html.md)
- [Sprott Inc. Declares Fourth Quarter 2023 Dividend](/investor-relations/press-releases/sprott-inc-declares-fourth-quarter-2023-dividend/index.html.md)
- [Sprott Announces Date for 2023 Annual Results Webcast](/investor-relations/press-releases/sprott-announces-date-for-2023-annual-results-webcast/index.html.md)
- [Sprott Announces Second Quarter 2024 Results](/investor-relations/press-releases/sprott-announces-second-quarter-2024-results/index.html.md)
- [Sprott Inc. Declares Second Quarter 2024 Dividend](/investor-relations/press-releases/sprott-inc-declares-second-quarter-2024-dividend/index.html.md)
- [Sprott Announces Date for 2024 Second Quarter Results Webcast](/investor-relations/press-releases/sprott-announces-date-for-2024-second-quarter-results-webcast/index.html.md)
- [Sprott Inc. Announces Results of its Annual Meeting of Shareholders](/investor-relations/press-releases/sprott-inc-announces-results-of-its-annual-meeting-of-shareholders/index.html.md)
- [Sprott Announces First Quarter 2024 Results](/investor-relations/press-releases/sprott-announces-first-quarter-2024-results/index.html.md)
- [Sprott Inc. Declares First Quarter 2024 Dividend](/investor-relations/press-releases/sprott-inc-declares-first-quarter-2024-dividend/index.html.md)
- [Sprott Announces Date For 2024 First Quarter Results Webcast](/investor-relations/press-releases/sprott-announces-date-for-2024-first-quarter-results-webcast/index.html.md)
- [Sprott Announces Date for 2024 Third Quarter Results Webcast](/investor-relations/press-releases/sprott-announces-date-for-2024-third-quarter-results-webcast/index.html.md)
- [Sprott Inc. Announces 20% Dividend Increase and Declares Third Quarter 2024 Dividend](/investor-relations/press-releases/sprott-inc-announces-20-dividend-increase-and-declares-third-quarter-2024-dividend/index.html.md)
- [Sprott Launches Silver Miners & Physical Silver ETF](/investor-relations/press-releases/sprott-launches-silver-miners-physical-silver-etf/index.html.md)
- [Sprott Announces Third Quarter 2024 Results](/investor-relations/press-releases/sprott-announces-third-quarter-2024-results/index.html.md)
- [Sprott Physical Uranium Trust Announces US$100 Million Bought Deal Financing](/investor-relations/press-releases/sprott-physical-uranium-trust-announces-us-100-million-bought-deal-financing/index.html.md)
- [Sprott Launches Active Gold & Silver Miners ETF](/investor-relations/press-releases/sprott-launches-active-gold-silver-miners-etf/index.html.md)
- [Sprott Physical Uranium Trust Closes Upsized US$200 Million Bought Deal Financing](/investor-relations/press-releases/sprott-physical-uranium-trust-closes-upsized-us-200-million-bought-deal-financing/index.html.md)
- [Sprott Announces Date for 2024 Fourth Quarter Results Webcast](/investor-relations/press-releases/sprott-announces-date-for-2024-fourth-quarter-results-webcast/index.html.md)
- [Sprott Inc. Declares Fourth Quarter 2024 Dividend](/investor-relations/press-releases/sprott-inc-declares-fourth-quarter-2024-dividend/index.html.md)
- [Sprott Announces Year Ended 2024 Results](/investor-relations/press-releases/sprott-announces-year-ended-2024-results/index.html.md)
- [Sprott Announces Renewal of Normal Course Issuer Bid](/investor-relations/press-releases/sprott-announces-renewal-of-normal-course-issuer-bid/index.html.md)
- [Sprott Physical Gold Trust Net Asset Value Reaches $10 Billion](/investor-relations/press-releases/sprott-physical-gold-trust-net-asset-value-reaches-10-billion/index.html.md)
- [Sprott Physical Silver Trust \(PSLV\) Net Asset Value Reaches $6 Billion](/investor-relations/press-releases/sprott-physical-silver-trust-pslv-net-asset-value-reaches-6-billion/index.html.md)
- [Sprott Announces Date for 2025 First Quarter Results Webcast](/investor-relations/press-releases/sprott-announces-date-for-2025-first-quarter-results-webcast/index.html.md)
- [Sprott Inc. Declares First Quarter 2025 Dividend](/investor-relations/press-releases/sprott-inc-declares-first-quarter-2025-dividend/index.html.md)
- [Sprott Announces First Quarter 2025 Results](/investor-relations/press-releases/sprott-announces-first-quarter-2025-results/index.html.md)
- [Sprott Physical Uranium Trust Raises US$25.55 Million Through Non-Brokered Private Placement](/investor-relations/press-releases/sprott-physical-uranium-trust-raises-us-2555-million-through-non-brokered-private-placement/index.html.md)
- [Sprott Announces Date for 2025 Second Quarter Results Webcast](/investor-relations/press-releases/sprott-announces-date-for-2025-second-quarter-results-webcast/index.html.md)
- [Sprott Inc. Declares Second Quarter 2025 Dividend](/investor-relations/press-releases/sprott-inc-declares-second-quarter-2025-dividend/index.html.md)
- [Sprott Announces Second Quarter 2025 Results](/investor-relations/press-releases/sprott-announces-second-quarter-2025-results/index.html.md)
- [Sprott Launches Active Metals & Miners ETF](/investor-relations/press-releases/sprott-launches-active-metals-miners-etf/index.html.md)
- [Change to Index Tracked by Sprott Junior Gold Miners ETF \(SGDJ\)](/investor-relations/press-releases/change-to-index-tracked-by-sprott-junior-gold-miners-etf-sgdj/index.html.md)
- [Sprott Physical Silver Trust Net Asset Value Reaches $10 Billion](/investor-relations/press-releases/sprott-physical-silver-trust-net-asset-value-reaches-10-billion/index.html.md)
- [Changes to Index Tracked by Sprott Uranium Miners ETF \(URNM\)](/investor-relations/press-releases/changes-to-index-tracked-by-sprott-uranium-miners-etf-urnm/index.html.md)
- [Sprott Announces Date for 2025 Third Quarter Results Webcast](/investor-relations/press-releases/sprott-announces-date-for-2025-third-quarter-results-webcast/index.html.md)
- [Changes to Index Tracked by Sprott Junior Gold Miners ETF \(SGDJ\)](/investor-relations/press-releases/changes-to-index-tracked-by-sprott-junior-gold-miners-etf-sgdj/index.html.md)
- [Sprott Inc. Announces 33% Dividend Increase and Declares Third Quarter 2025 Dividend](/investor-relations/press-releases/sprott-inc-announces-33-dividend-increase-and-declares-third-quarter-2025-dividend/index.html.md)
- [Sprott Silver Miners & Physical Silver ETF Surpasses $1 Billion in Assets in Just Over a Year](/investor-relations/press-releases/sprott-silver-miners-physical-silver-etf-surpasses-1-billion-in-assets-in-just-over-a-year/index.html.md)
- [Sprott Announces Third Quarter 2025 Results](/investor-relations/press-releases/sprott-announces-third-quarter-2025-results/index.html.md)
- [Sprott Physical Copper Trust Announces Filing to List on NYSE Arca](/investor-relations/press-releases/sprott-physical-copper-trust-announces-filing-to-list-on-nyse-arca/index.html.md)
- [Sprott Announces Date for 2025 Fourth Quarter Results Webcast](/investor-relations/press-releases/sprott-announces-date-for-2025-fourth-quarter-results-webcast/index.html.md)
- [Sprott Inc. Declares Fourth Quarter 2025 Dividend](/investor-relations/press-releases/sprott-inc-declares-fourth-quarter-2025-dividend/index.html.md)
- [Sprott Launches Rare Earths Ex-China ETF](/investor-relations/press-releases/sprott-launches-rare-earths-ex-china-etf/index.html.md)
- [Sprott Announces Year Ended 2025 Results](/investor-relations/press-releases/sprott-announces-year-ended-2025-results/index.html.md)
- [Sprott Announces Date for 2026 First Quarter Results Webcast](/investor-relations/press-releases/sprott-announces-date-for-2026-first-quarter-results-webcast/index.html.md)
- [Sprott Inc. Declares First Quarter 2026 Dividend](/investor-relations/press-releases/sprott-inc-declares-first-quarter-2026-dividend/index.html.md)
- [Sprott Announces First Quarter 2026 Results](/investor-relations/press-releases/sprott-announces-first-quarter-2026-results/index.html.md)
- [Sprott Inc. Announces Results of its Annual Meeting of Shareholders \(2\) ](/investor-relations/press-releases/sprott-inc-announces-results-of-its-annual-meeting-of-shareholders-2/index.html.md)
- [Sprott Announces Date for 2026 Second Quarter Results Webcast](/investor-relations/press-releases/sprott-announces-date-for-2026-second-quarter-results-webcast/index.html.md)
- [Sprott Announces Renewal of Normal Course Issuer Bid \(1\)  \(1\)](/investor-relations/press-releases/sprott-announces-renewal-of-normal-course-issuer-bid-1-1/index.html.md)
- [Sprott Inc. Announces Results of its Annual Meeting of Shareholders \(3\) ](/investor-relations/press-releases/sprott-inc-announces-results-of-its-annual-meeting-of-shareholders-3/index.html.md)
- [Sprott Inc. Declares Second Quarter 2026 Dividend](/investor-relations/press-releases/sprott-inc-declares-second-quarter-2026-dividend/index.html.md)
- [Sprott Announces Second Quarter 2026 Results](/investor-relations/press-releases/sprott-announces-second-quarter-2026-results/index.html.md)
- [Webcasts](/investor-relations/webcasts/index.html.md)
- [Q2 2026 Earnings Conference Call](/investor-relations/webcasts/q2-2026-earnings-conference-call/index.html.md)
- [Q1 2026 Earnings Conference Call](/investor-relations/webcasts/q1-2026-earnings-conference-call/index.html.md)
- [2025 Annual Earnings Conference Call](/investor-relations/webcasts/2025-annual-earnings-conference-call/index.html.md)
- [Q3 2025 Earnings Conference Call](/investor-relations/webcasts/q3-2025-earnings-conference-call/index.html.md)
- [Q2 2025 Earnings Conference Call](/investor-relations/webcasts/q2-2025-earnings-conference-call/index.html.md)
- [Q1 2025 Earnings Conference Call](/investor-relations/webcasts/q1-2025-earnings-conference-call/index.html.md)
- [2024 Annual Earnings Conference Call](/investor-relations/webcasts/2024-annual-earnings-conference-call/index.html.md)
- [Corporate Governance](/investor-relations/corporate-governance/index.html.md)
- [Corporate Sustainability](/investor-relations/corporate-sustainability/index.html.md)
- [2026 AGM](/investor-relations/2026-agm/index.html.md): The Sprott Inc. Annual Meeting of Shareholders page provides essential information about the yearly gathering of Sprott Inc.'s shareholders.
- [SEC/SEDAR Filings](/investor-relations/secsedar-filings/index.html.md)
- [2025 AGM](/investor-relations/2025-agm/index.html.md): The Sprott Inc. Annual Meeting of Shareholders page provides essential information about the yearly gathering of Sprott Inc.'s shareholders.
- [About Us](/about-us/index.html.md): Learn about Sprott, a global asset manager with more than four decades of expertise in precious metals and critical materials investing.
- [Who We Are](/about-us/who-we-are/index.html.md): Who We Are
- [Purpose and Values](/about-us/purpose-and-values/index.html.md): Purpose and Values
- [Corporate Leadership Team](/about-us/corporate-leadership-team/index.html.md): The Sprott Corporate Leadership Team page provides detailed information about the key executives leading Sprott Inc.
- [Board of Directors](/about-us/board-of-directors/index.html.md)
- [Executive Committee](/about-us/executive-committee/index.html.md)
- [Investment Team](/about-us/investment-team/index.html.md): Our team has extensive depth and includes portfolio managers, geologists, analysts and traders with deep experience in precious metals investment.
- [Sprott Uranium Technical Advisors](/about-us/sprott-uranium-technical-advisors/index.html.md)
- [Client Relations & Marketing](/about-us/client-relations-marketing/index.html.md)
- [Enterprise Services](/about-us/enterprise-services/index.html.md)
- [ETFs Team](/about-us/etfs-team/index.html.md)
- [Wealth Management](/about-us/wealth-management/index.html.md)
- [Careers](/about-us/careers/index.html.md): We create an environment that fosters community and seek individuals who excel in a growth-driven, entrepreneurial setting.
- [California Job Applicant Privacy Notice](/about-us/careers/california-job-applicant-privacy-notice/index.html.md): Learn about Sprott's California Job Applicant Privacy Notice, detailing your rights and how your personal information is collected, used, and protected.
- [Contact Us](/contact-us/index.html.md): Contact Sprott for questions about our investment solutions, ETFs, physical bullion trusts and wealth management services. Find client services, institutional sales and regional office contact information.
- [Podcast](/podcast/index.html.md)
- [Ep1](/podcast/ep1/index.html.md): For the first episode of our new podcast Sprott's Ed Coyne discusses how gold can function as a non-correlated alternative asset within an investment portfolio.
- [Ep2](/podcast/ep2/index.html.md): John Hathaway, Senior Portfolio Manager, joins host Ed Coyne for an informative discussion on gold equities.
- [Ep3](/podcast/ep3/index.html.md): Senior Portfolio Manager Maria Smirnova joins host Ed Coyne for a comprehensive analysis of all things silver. With its dual qualities of being a monetary metal and an industrial metal, silver occupies a unique position in the investing landscape. Maria and Ed examine how silver fits into a world of unprecedented government debt on one hand and increasing industrial usage on the other. Maria provides insights on the supply-side dynamics of silver, the current state of the gold/silver ratio, and the inherent complexity of evaluating mining stocks.
- [Ep4](/podcast/ep4/index.html.md): Host Ed Coyne is joined by Senior Portfolio Manager Shree Kargutkar for an update on the PGM group metals: Platinum and Palladium. Topics include supply-demand dynamics, geopolitical challenges for investors and platinum's role in fuel cell vehicles.
- [Ep5](/podcast/ep5/index.html.md): Founding Partner of Incrementum, Ronnie Stoeferle joins host Ed Coyne for a lively discussion on gold, silver and gold miners.
- [Ep6](/podcast/ep6/index.html.md): Host Ed Coyne is joined by Sprott’s John Ciampaglia and Per Jander from WMC Energy to discuss the investment case for uranium.
- [Ep7](/podcast/ep7/index.html.md): On August 15, 1971, President Richard Nixon suspended the convertibility of the U.S. dollar into gold. This effectively ended the Bretton Woods Agreement, which had been put in place in the mid-1940s to stabilize the post-WWII economy. Jim Grant, founder and editor of Grant’s Interest Rate Observer, joins host Ed Coyne to look back at this significant event in monetary history. In this lively conversation, Jim and Ed dig into Nixon’s motivations and explore where we are today, 50 years into the fiat currency era.
- [Ep8](/podcast/ep8/index.html.md): Sprott Market Strategist Paul Wong joins host Ed Coyne for a timely update on gold and gold miners. The discussion includes a review of market activity year-to-date and an analysis of the impact of monetary policy on precious metals. Paul’s technical analysis and macro outlook provide some fascinating insights on the state of the precious metals complex.
- [Ep9](/podcast/ep9/index.html.md): Host Ed Coyne is joined by Michael DiRienzo from The Silver Institute for a broad-ranging discussion on silver’s usage in our modern economy. The white metal’s unique status as a store of value and also an industrial metal has always made it a compelling investment, but with its ever-increasing usage in advanced technologies, the story is even more fascinating.
- [Ep10](/podcast/ep10/index.html.md): With the holiday season fast approaching, we are officially in “Year In Review” mode on Sprott Gold Talk Radio. To commemorate our first season, we count down the best moments and insights from our great list of guests.
- [Ep11](/podcast/ep11/index.html.md): Welcome to Season 2, Episode #1 of Sprott Gold Talk Radio. Join Ed Coyne and Senior Portfolio Manager Doug Groh for a deep dive on gold mining stocks. Coyne and Groh explore the tremendous opportunity gold equities offer and uncover their potential to bring value to a diversified investment portfolio.
- [Ep12](/podcast/ep12/index.html.md): Host Ed Coyne is joined by Sprott’s John Ciampaglia and Per Jander from WMC Energy to discuss the investment case for uranium.
- [Ep13](/podcast/ep13/index.html.md): The Fed’s recent rate hike provides the backdrop for an insightful conversation with guests John Hathaway and Fred Hickey.
- [Ep14](/podcast/ep14/index.html.md): Host Ed Coyne is joined by Tim Rotolo, co-creator of the North Shore Global Uranium Mining Index (URNMX), to discuss the current dynamics of uranium mining and how the Index is constructed to provide exposure to the key components of the uranium mining industry.
- [Ep15](/podcast/ep15/index.html.md): Host Ed Coyne is joined by Ronnie Stoeferle from Incrementum, to discuss the 2022 In Gold We Trust Report. Topics including gold’s performance during the last year, inflation, Fed policy and how gold differs from commodities in general.
- [Ep17](/podcast/ep17/index.html.md): John Ciampaglia and Per Jander join Ed Coyne for this timely update on physical uranium and uranium stocks. Uranium markets have been abuzz in 2022 and are benefitting from positive sentiment among investors, despite the very difficult macroeconomic backdrop. Global governments are increasingly looking to uranium and nuclear power to help meet ambitious decarbonization goals, as the world transitions away from fossil fuels.
- [Ep19](/podcast/ep19/index.html.md): Just back from the NEI's International Uranium Fuel Seminar in Las Vegas, Per Jander tackles the latest uranium market news with Ed Coyne and John Ciampaglia.
- [Ep20](/podcast/ep20/index.html.md): Per Jander of WMC Energy and John Ciampaglia, CEO of Sprott Asset Management talk with Sprott’s Ed Coyne about what may be ahead for uranium in 2023, the resurgence in nuclear power interest as energy security concerns become top of mind, and what’s happening in uranium conversion and enrichment.
- [Ep21](/podcast/ep21/index.html.md): Following up on his recent 2023 Top 10 Watch List, Market Strategist Paul Wong joins host Ed Coyne to discuss key themes for the coming year. Topics include gold, silver, uranium, copper, lithium and gold miner equities, but which one may be ready to break free like a beach ball held underwater?
- [Ep22](/podcast/ep22/index.html.md): Ed Coyne talks with Sprott’s John Hathaway about Gold, the Fed’s next moves, the U.S. dollar, the debt ceiling and a flock of black swans.
- [Ep23](/podcast/ep23/index.html.md): Treva Klingbiel of TradeTech, and Per Jander at WMC Energy join Ed Coyne to discuss the inner workings of uranium pricing and contracts, the future of nuclear energy generation capacity and the development of SMRs.
- [Ep24](/podcast/ep24/index.html.md): John Hathaway, CFA, shares his bullish outlook on gold and gold mining stocks, in the wake of recent bank failures and the Fed’s interest rate tightrope walk. “For open-minded investors, the good news is the train has yet to leave the station, and it’s not a high-risk decision to allocate to gold.”
- [Ep25](/podcast/ep25/index.html.md): Host Ed Coyne and Nick Pickens from Wood Mackenzie discuss the bullish outlook for copper in 2023. Copper is key to electrical power generation and transmission, and sits at the center of the energy trilemma: the challenge of balancing cost, sustainability and security of supply.
- [Ep26](/podcast/ep26/index.html.md): Sprott Chief Investment Officer Maria Smirnova joins host Ed Coyne for a timely discussion on the many uses of silver in our modern economy.
- [Ep27](/podcast/ep27/index.html.md): The In Gold We Trust 2023 Report is out and it’s our great pleasure to welcome back its publisher, Ronnie Stöferle. This year’s report is titled Showdown, a term, as Ronnie explains, well suited to this moment in time.
- [Ep28](/podcast/ep28/index.html.md): Just back from the 49th annual World Nuclear Fuel Market Conference, Per Jander joins Ed for a timely update on uranium. The theme of the conference was “Mind the Gap”, not in reference to the London Underground, but rather, the need for more uranium production as countries around the world scale up their reactor fleets.
- [Ep29](/podcast/ep29/index.html.md): With the Fed pausing on interest rates following its June 13-14 FOMC Meeting and technology stocks looking a tad crowded and pricey, it’s time to check in with our friend Fred Hickey. We tap Fred’s 45+ years of investing in tech and gold stocks to understand their counterbalancing relationship.
- [Ep30](/podcast/ep30/index.html.md): Joe Lowry, aka Mr. Lithium, joins Ed Coyne to walk us through all things lithium, including where ”Elon's first principle's rhetoric falls off the side of the table”.
- [Ep31](/podcast/ep31/index.html.md): With the introduction of the Inflation Reduction Act, U.S. policy makers have reset the landscape for nuclear energy. Ed is joined by Benton Arnett from the Nuclear Energy Institute to walk us through and the details.
- [Ep32](/podcast/ep32/index.html.md): Host Ed Coyne is joined by Shree Kargutkar for a timely update on platinum, including its role in hydrogen fuel cell technology.
- [Ep33](/podcast/ep33/index.html.md): With demand for nuclear fuel growing and supply facing challenges, the prevailing sentiment at the recent World Nuclear Symposium in London was “take what you can get.” Just back from the event, John Ciampaglia and Per Jander join host Ed Coyne to update us on the full story.
- [Ep34](/podcast/ep34/index.html.md): Host Ed Coyne is joined by Sprott CEO Whitney George for an in-depth discussion about the asset management industry and how Sprott is positioning for the future.
- [Ep35](/podcast/ep35/index.html.md): Daisy Jennings-Gray from Benchmark Mineral Intelligence joins host Ed Coyne for a deep dive into today’s battery metals markets.
- [Ep36](/podcast/ep36/index.html.md): MacroMavens founder Stephanie Pomboy joins host Ed Coyne to talk about The Fed, macroeconomics and what happen when all the corporate debt rolls over.
- [Ep37](/podcast/ep37/index.html.md): Justin Huhn, founder of Uranium Insider, joins host Ed Coyne for a deep analysis of the uranium fuel supply chain and the challenges to satisfy expanding demand. "This year alone, demand is around 200 million pounds and supply is about 160 million pounds. That means we're about 40 million pounds short."
- [Ep38](/podcast/ep38/index.html.md): Sprott Portfolio Manager John Hathaway shares his views on gold, gold equities and why it’s important to be a contrarian.
- [Ep39](/podcast/ep39/index.html.md): Per Jander joins host Ed Coyne for the first of a series of podcasts covering all the latest developments in uranium. Part 2 will be recorded and released after the upcoming announcements from Kazatomprom and Cameco in early February.
- [Ep40](/podcast/ep40/index.html.md): Ed Coyne is joined by Ronnie Stöferle to discuss gold’s quiet ascent to new all-time highs and how it can contribute to maintaining purchasing power in today’s economy.
- [Ep41](/podcast/ep41/index.html.md): Per Jander from WMC is back for Part 2 of our All Eyes on Uranium series. Per and host Ed Coyne discuss the recent production guidance announcements from Kazatomprom and Cameco and the overarching issue of the structural supply deficit in uranium.
- [Ep42](/podcast/ep42/index.html.md): Used in far more than just coins today, nickel is the hidden metal that’s everywhere in our modern world. To walk us through its fascinating story, Ed Coyne is joined by Gary Coates from The Nickel Institute.
- [Ep43](/podcast/ep43/index.html.md): As silver comes back into the spotlight, we’ve got the right person to give us a timely refresher. Sprott Senior Portfolio Manager Maria Smirnova joins Ed for an update on silver and its growth as an industrial metal.
- [Ep44](/podcast/ep44/index.html.md): In a departure from our regular interviews, Sprott Senior Portfolio Manager John Hathaway is joined by Luke Gromen and Don Luskin for a lively debate on the economy.
- [Ep45](/podcast/ep45/index.html.md): To successfully invest in mining companies, you need to get amongst it – something Sprott portfolio manager and economic geologist Justin Tolman has been doing for decades. He joins host Ed Coyne to discuss his travels, and the things he looks for when evaluating mining projects.
- [Ep46](/podcast/ep46/index.html.md): Respect for the mothers! Heather Hoff joins host Ed Coyne to discuss her career at Diablo Canyon Power Plant and how her organization Mothers for Nuclear contributed to saving the facility.
- [Ep47](/podcast/ep47/index.html.md): Who cares about the news? Not Carter Worth! For this veteran technical analyst, it’s all about the study price and volume. Carter joins Ed Coyne for a fascinating discussion on the unique discipline of technical analysis.
- [Ep48](/podcast/ep48/index.html.md): Energy Expert Meredith Angwin joins Ed for a masterclass on something we all take for granted – the electricity grid. With common sense and good humor, Meredith explains duck curves, jackrabbit starts and what happens when millions of kettles in England are turned on at the same time. She also explains her key insight: what happens when grids fall prey to the fatal trifecta of “overdependence on renewables, just-in-time natural gas, and imports from neighboring areas.
- [Ep49](/podcast/ep49/index.html.md): When it comes to the mix of energy options needed to handle rapidly growing global demand, many feel the best option is “all of the above”. Energy & Utilities Analyst for UBS's Chief Investment Office Jay Dobson joins host Ed Coyne for a top-down look at energy demand.
- [Ep50](/podcast/ep50/index.html.md): Mining Analyst Stefan Ioannou joins host Ed Coyne for a timely update on the current supply-side dynamics of the copper industry. Spoiler alert – we need much more!
- [Ep51](/podcast/ep51/index.html.md): Friend of Sprott and gold guru Ronnie Stöferle joins host Ed Coyne to discuss the 2024 In Gold We Trust Report. With his typical blend of deep insights, humor, pragmatism and optimism, Ronnie comprehensively makes the case for gold right now.
- [Ep52](/podcast/ep52/index.html.md): Host Ed Coyne is joined by Fred Hickey and John Hathaway for timely discussion on the markets, Fed policy and the options for investors looking to rotate away from The Magnificent Seven.
- [Ep 53](/podcast/ep-53/index.html.md): As demand for clean power for data centers continues to grow, the issue of proximity to power has also become a key theme. Britt Gitt from Oklo joins Sprott Radio to walk us through how clean, safe nuclear power can be located where it’s needed in the future.
- [Ep54](/podcast/ep54/index.html.md): It’s back-to-school time, and we could not think of a better guest than Arjun Murti. With over 30 years on Wall Street covering the global energy sector, Murti could write a textbook on the topic, and joins host Ed Coyne for a far-ranging conversation on global energy and how energy security shapes our lives.
- [Ep55](/podcast/ep55/index.html.md): Coal to nuclear (C2N) is one of the more interesting energy transition stories. The sites exist, the local communities are receptive and much of the infrastructure is in already place. It’s the kind of good story that needs to be told and Science Communicator Zion Lights is just the person to do it. She joins Ed Coyne for an enlightening conversation about how we can achieve a high-energy, low carbon future.
- [Ep56](/podcast/ep56/index.html.md): Will the Fed continue to cut? Is there still a possibility of a recession? What’s the trajectory for gold? To tackle these timely questions David Rosenberg and Don Luskin join Ed Coyne and John Hathaway for round two of our Sprott Debate series.
- [Ep57](/podcast/ep57/index.html.md): Host Ed Coyne is joined by data center analyst Alan Howard for a deep dive on how the digital economy and AI are driving demand for new, clean, baseload power.
- [Ep58](/podcast/ep58/index.html.md): PODCAST: Michael DiRienzo, President and CEO at the Silver Institute joins host Ed Coyne for a timely update on silver’s evolving use in our modern economy. While still functioning as a monetary metal, Mike walks us through silver’s expanding industrial usage.
- [Ep59](/podcast/ep59/index.html.md): When you’ve been in the gold game for fifty years, you learn a thing or two. When thirty of those years have been spent in the gold markets of the Middle East and the Asian sub-continent, you truly have a global perspective on how people of all walks of life build and store their wealth. Jeff Rhodes joins Ed to share stories from his life in gold.
- [Ep60](/podcast/ep60/index.html.md): Yes, our guest Professor Jan Emblemsvåg will explain what a "dunkelfloute" is and why it matters. He’ll also share the results from his analysis of Germany’s "Die Energiewende" energy transition program and explain to us the compelling potential of using nuclear propulsion to power the world’s shipping fleet.
- [Ep61](/podcast/ep61/index.html.md)
- [Ep62](/podcast/ep62/index.html.md): There’s certainly no shortage of things that will factor into the uranium market in 2025. A new U.S. administration, nuclear-powered AI data centers and challenging geopolitics to name a few. Per Jander and John Ciampaglia join host Ed Coyne to share their insights.
- [Ep63](/podcast/ep63/index.html.md): Pinch point is the term Sprott’s Maria Smirnova uses to describe the current supply-demand picture for silver in 2025. Smirnova joins host Ed Coyne to walk us through how silver’s growing demand is coming up against a static supply pipeline.
- [Ep64](/podcast/ep64/index.html.md): Sprott’s Paul Wong and Jake White join host Ed Coyne to discuss key themes for 2025. Topics include uranium, silver, copper and how central bank buying has become a dominant theme in the universe of gold.
- [Ep65](/podcast/ep65/index.html.md): Host Ed Coyne is joined by Sprott’s own John Hathaway and investment strategist Micheal Belkin for an illuminating discussion on Michael’s time series analysis investment model. The model has interesting things to say about Mag Seven stocks, bonds and gold stocks.
- [Ep66](/podcast/ep66/index.html.md): While climate change dominates the headlines, Robert Bryce passionately suggests the plight of billions of people living without access to energy should also be front and center. He joins host Ed Coyne to make the case for abundant, affordable energy for all, or what he calls Energy Humanism.
- [Ep67](/podcast/ep67/index.html.md): On the heels of two big mining conferences, John Ciampaglia and Per Jander join host Ed Coyne for a timely update on gold, uranium, copper and silver.
- [Ep68](/podcast/ep68/index.html.md): Worked in the Reagan administration – check, was at Three Mile Island – check, worked in uranium mining and semiconductor manufacturing, authored several books – check, check, check. The list goes on. Mark Mills incredible career at the nexus of technology, energy, mining, investing and government policy provides the backdrop for a fascinating discussion on all things energy, including Ed’s new dishwasher.
- [Ep69](/podcast/ep69/index.html.md): Host Ed Coyne is joined by Doug Sandridge, a petroleum landman and champion of nuclear energy. Sandridge shares his fascinating story of a life in energy and how through his advocacy, he is committed to improving society's energy IQ. Doug also gives us an tantalizing preview of what the energy company of the future will look like.
- [Ep70](/podcast/ep70/index.html.md): Friend of the show Ronnie Stöferle returns to Sprott Radio to share his latest thoughts on gold’s role in times of great uncertainty and to give us a preview of the 2025 In Gold We Trust Report.
- [Ep71](/podcast/ep71/index.html.md)
- [Ep72](/podcast/ep72/index.html.md): The power of nuclear is a concept that has captivated mankind for over one hundred years. It’s also the title of a recent book by Danish author and journalist Marco Visscher. Marco joins host Ed Coyne for a sober look back and an optimistic look forward at today’s most powerful source of energy.
- [Ep73](/podcast/ep73/index.html.md): Calling it a “super” cycle might be hyperbole, but signs indicate that the next commodities cycle is upon us. That’s the thinking from Adam Rozencwajg. Adam joins host Ed Coyne to share his analysis of how cycles come around and what’s so compelling about the current set up for investors interested in gold, silver, uranium and copper.
- [Ep74](/podcast/ep74/index.html.md): Economist Daniel Lacalle joins host Ed Coyne for a lively, wide-ranging conversation. Topics include Spain’s recent black out, the economy and how gold and hard assets can help investors from getting “slowly roasted” by the monetary and fiscal policies of central banks and governments.
- [Ep75](/podcast/ep75/index.html.md): Well, that was quite a start to the year! We are at the halfway mark and are still adjusting to a constant stream of economic and geopolitical uncertainty affecting markets on a daily basis. To put some perspective to all of this, host Ed Coyne is joined by Sprott Market Strategist Paul Wong. *Recorded on June 25, 2024
- [Ep76](/podcast/ep76/index.html.md): With tepid demand for EVs, tightening emissions standards and the internal combustion engine not going away any time soon, demand for vital PGMs (Platinum Group Metals) remains inelastic. Combine that with static or diminishing supply and a platinum price uncharacteristically below gold, and the investment picture for platinum becomes even more compelling. Sprott Portfolio Manager Shree Kargutkar joins host Ed Coyne to breakdown today’s platinum market.
- [Ep77](/podcast/ep77/index.html.md): Dr. Tim Gregory joins host Ed Coyne for a truly inspiring discussion on the possibilities of nuclear energy and nuclear science. With an engaging mixture of science, optimism and fascination, Dr. Gregory walks us through his new book Going Nuclear – How Atomic Energy Will Save The World.
- [Ep78](/podcast/ep78/index.html.md): There’s more to the nuclear energy renaissance than just a change in public sentiment. Until recently, closing a nuclear plant was a badge of honor for politicians running a “green” platform. Now things have changed and the demand for abundant, clean, baseload energy has brought us from highly politicized plant closures to where, as Mark Nelson puts it, “If you have an existing nuclear plant, it's one of the most precious and prestigious objects in the energy world.”
- [Ep79](/podcast/ep79/index.html.md): Just back from the World Nuclear Symposium 2025 in London, John Ciampaglia and Per Jander provide a timely update on the global nuclear industry. Topics include the latest trends in uranium contracting, recent production guidance from major producers and the growing interest from the investment community.
- [Ep80](/podcast/ep80/index.html.md): Sprott economic geologist and senior portfolio manager Justin Tolman joins Ed Coyne for a deep dive on demand trends for steel, copper and silver and what it might take to successfully invest in the metals that build the world.
- [Ep81](/podcast/ep81/index.html.md): After making multiple all-time highs this year, what’s next for gold? To answer that question, we turn to economist Steve Hanke. After 56 years at Johns Hopkins University studying money, markets and the economy, he has seen a few cycles and by his reckoning, “there’s still a lot of juice in the lemon.”
- [Ep82](/podcast/ep82/index.html.md): Should gold mining stocks be on the radar for value investors? For investors that focus on fundamentals, they are certainly worth a look, even when compared to big tech companies. Jeffrey Huge joins Ed Coyne to make the case.
- [Ep83](/podcast/ep83/index.html.md): Sprott believes that successfully investing in mining companies requires a different approach. As Rob Villaflor from Sprott Wealth Management put it, “We send geologists on-site to actually kick rocks and look at drill results.” Rob joins Ed Coyne for a deep dive on what it takes to invest in this challenging and potentially lucrative space.
- [EP84](/podcast/ep84/index.html.md): Peter Krauth, author of the best-selling book The Great Silver Bull joins host Ed Coyne for a timely discussion on silver’s recent gains. With ongoing structural supply deficits and growing industrial demand, silver looks to be a compelling story in 2026.
- [Ep85](/podcast/ep85/index.html.md): Host Ed Coyne and Sprott CEO John Ciampaglia recap a surprising 2025 for the uranium market, characterized by flat spot prices that contrasted sharply with strong mining equities and bullish long-term demand signals for nuclear power. Together, Ed and John look ahead to 2026, highlighting the potential for renewed contracting, higher prices and pivotal U.S. policy decisions that are likely to boost demand for uranium and nuclear power.
- [Ep86](/podcast/ep86/index.html.md): With silver’s recent price fluctuations causing uncertainty and speculation, it’s vital to separate the signal from the noise. Spoiler alert: silver’s industrial demand fundamentals and structural supply deficit remain intact, as does the thesis for long term investment in silver. Sprott’s Maria Smirnova joins host Ed Coyne to break it all down.
- [Ep87](/podcast/ep87/index.html.md): Craig Tindale’s essay, The Return of Matter: Western Democracies' Material Impairment, has become something of a sensation since being published in December of 2025. The essay provides a stark and sobering analysis of how the West has lost control of materials vital to prosperity and security. Backed by robust data and historical analogs, Craig joins host Ed Coyne to say the quiet part out loud: "If you don't have physical custody, you haven't got anything.”
- [Ep88](/podcast/ep88/index.html.md): Copper, lithium, rare earth metals and other critical materials are taking center stage as strategic industries including defense, AI, and energy seek to shore up supply. In addition to this growing demand, supply disruptions, geopolitics and the slow pace of bringing new mines into production are all dynamics to be reckoned with when analyzing this new commodities market. Sprott's Director of ETF Product Management, Jake White, joins Sprott Radio to break it all down.
- [Ep89](/podcast/ep89/index.html.md): In recent times, we have seen gold hit multiple all-time highs (53 of these milestones in 2025 alone) and substantial buying by non-western central banks. Meanwhile, bonds have not been providing the yields they used to, and the United States Secretary of the Treasury has acknowledged his appreciation for the yellow metal. What does all this tell us about the future of gold in the global monetary system? Incrementum’s Ronnie Stoeferle joins Ed Coyne to share his analysis and thoughts on gold in 2026 and beyond.
- [Ep90](/podcast/ep90/index.html.md): With the recent run up in gold and silver prices, some investors may feel this cycle is over. Not so suggests Adam Rozencwajg. A key element of every commodity cycle is capital expenditure, and to date, CapEx in the sector has yet to arrive at scale. Early innings of a bull market then? Adam joins host Ed Coyne to analyze the current commodity cycle in depth.
- [Ep91](/podcast/ep91/index.html.md): Rare earths are at the center of a global power struggle. In this episode, Canaccord Genuity mining analyst Reg Spencer unpacks the widening gap between explosive demand—from EVs to robotics—and a supply chain tightly controlled by China. He joins host Ed Coyne to explore how the U.S. and its allies are racing to build new supply and what that could mean for investors.
- [Ep92](/podcast/ep92/index.html.md): Model the foreseeable demand from the world’s nuclear fleet, including restarts, life extensions and new units coming online. Then model the foreseeable nuclear fuel supply from all sources, including new mines under construction. Observe the supply-demand imbalance. That, according to Justin Huhn from Uranium Insider, is the core case for uranium. Huhn joins Sprott Radio for an in‑depth discussion on the global uranium market and the evolving outlook for nuclear energy.
- [Ep93](/podcast/ep93/index.html.md): With growing talk of robots entering mainstream society, AI may indeed “go physical” in the next few years, but not without a secure, abundant supply of rare earth elements. The same goes for defense, green technologies, EVs and the nascent low-altitude economy of drones and eVTOLs. Neodymium-iron-boron magnets, derived from rare earth elements, are vital components in all these technologies. Ryan Castilloux from rare earths consultancy, Adamas Intel, joins host Ed Coyne to share his insights on the growing demand for rare earth elements.
- [Ep94](/podcast/ep94/index.html.md): When it comes energy, and nuclear in particular, China is doing things differently. As our guest puts it - China has clearly taken the approach that they will structure their energy sector on the assumption of chronic global instability. What does that mean in practical terms? David Fishman from the Shanghai-based Lantau Group joins Sprott Radio to share his deep local knowledge of China’s energy buildout and its rapidly expanding nuclear fleet.
- [Ep95](/podcast/ep95/index.html.md): While EVs still represent the lion’s share of lithium demand, a new use case has arrived in the form of BESS, Battery Energy Storage Systems. Used in datacenters and as grid storage for renewable energy, BESS is starting to have an impact on the lithium market. Benchmark Mineral Intelligence Principal Lithium Analyst Federico Gay joins Sprott Radio to break it all down.
- [Ep96](/podcast/ep96/index.html.md): While southern Europe suffers through its latest heatwave, our resident Director of Nuclear Fuel has wisely decamped to the cool serenity of his cabin in rural Sweden. Per Jander joins Sprott Radio for all the latest news in uranium and nuclear fuel contracting.
- [Ep97](/podcast/ep97/index.html.md): Ed Coyne welcomes back Ronnie Stöferle to discuss the 20th anniversary edition of the In Gold We Trust report, Back to the Monetary Future. Ronnie reflects on two decades of gold’s evolution as a monetary asset, central bank buying and the new thinking on gold’s place in modern portfolios. The conversation also explores why gold’s simplicity, liquidity and lack of counterparty risk may matter more than ever in an increasingly uncertain financial system.
- [Ep98](/podcast/ep98/index.html.md): Ed Coyne speaks with Travis McLing of Idaho National Laboratory about rebuilding secure, responsible mineral supply chains—from mining and processing critical materials to powering tomorrow’s technologies. They also explore the need for a renaissance in mining that includes long-term investment, coordination with government, skilled workers and plenty of leading-edge geology.
- [Ep99](/podcast/ep99/index.html.md): U.S. tariff uncertainty has created two copper markets. CME prices are trading at a premium to the LME, pulling metal into U.S. warehouses. Benchmark Mineral Intelligence copper analyst Albert Mackenzie joins Ed Coyne to explain how this arbitrage has tightened global supply, lifted prices and increased the potential for volatility once policy becomes clear. They also discuss copper’s strong long-term demand outlook, recycling constraints, slow mine development and why miners and M&A may offer investors a practical path to exposure.
- [Ep100](/podcast/ep100/index.html.md): While historically a fuel buyer’s conference, the annual World Nuclear Symposium has evolved into a wide-ranging conference on all things nuclear. Just back from London, John Ciampaglia and Per Jander share their observations from the event and discuss the recent and under-reported RFI from the National Nuclear Security Administration for forty million pounds of US origin uranium.
- [Ep101](/podcast/ep101/index.html.md): Ed Coyne welcomes Tavi Costa of Azuria Capital to discuss mining valuations, constrained supply and the demand trends shaping gold, silver and copper. While Wall Street remains incurious about the sector, Tavi highlights why he sees room for the mining cycle to develop.
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- [Gold and Silver Bull Run Continues](/precious-metals-watch/gold-and-silver-bull-run-continues/index.html.md): Paul Wong, CFA, Market Strategist: Gold and silver have been strong performers in 2025, with both metals up over 25% YTD as global instability drives demand for safe haven assets. Central banks are shifting away from the U.S. dollar, while silver’s breakout suggests a potential supply squeeze ahead.
- [Gold and Silver Bull Run Continues \(1\) ](/precious-metals-watch/gold-and-silver-bull-run-continues-1/index.html.md)
- [Central banks are increasingly buying gold from local mines as prices surge](/precious-metals-watch/central-banks-are-increasingly-buying-gold-from-local-mines-as-prices-surge/index.html.md)
- [Silver Might Be Benefiting From Russian Central Bank Buying](/precious-metals-watch/silver-might-be-benefiting-from-russian-central-bank-buying/index.html.md)
- [Silver Investment Outlook Mid-Year 2025](/precious-metals-watch/silver-investment-outlook-mid-year-2025/index.html.md)
- [Sprott Radio Podcast: The Inelastic Demand for Platinum](/precious-metals-watch/sprott-radio-podcast-the-inelastic-demand-for-platinum/index.html.md): Despite soft EV demand and stricter emissions rules, PGM demand remains steady, while supply tightens and platinum trades below gold. Sprott’s Shree Kargutkar joins Ed Coyne to explore the bullish case for platinum.
- [Gold extends gains on US rate cut expectations](/precious-metals-watch/gold-extends-gains-on-us-rate-cut-expectations/index.html.md)
- [Gold prices are soaring again. Here’s why a new record could be right around the corner.](/precious-metals-watch/gold-prices-are-soaring-again-here-s-why-a-new-record-could-be-right-around-the-corner/index.html.md)
- [Gold Miners Shine in 2025](/precious-metals-watch/gold-miners-shine-in-2025/index.html.md)
- [A Cure for Financial Dementia](/precious-metals-watch/a-cure-for-financial-dementia/index.html.md)
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- [Silver price tops $40 for first time since 2011](/precious-metals-watch/silver-price-tops-40-for-first-time-since-2011/index.html.md)
- [Challenges to Fed Autonomy Strengthen Case for Gold](/precious-metals-watch/challenges-to-fed-autonomy-strengthen-case-for-gold/index.html.md)
- [Gold scales record high as markets brace for further rate cuts](/precious-metals-watch/gold-scales-record-high-as-markets-brace-for-further-rate-cuts/index.html.md)
- [Gold blazes past $3,800 on record run as silver nears fresh peak](/precious-metals-watch/gold-blazes-past-3-800-on-record-run-as-silver-nears-fresh-peak/index.html.md)
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- [Gold Leads as Faith in Fiat Falters](/precious-metals-watch/gold-leads-as-faith-in-fiat-falters/index.html.md)
- [Dips: The Rx for Acrophobia](/precious-metals-watch/dips-the-rx-for-acrophobia/index.html.md)
- [Platinum and Palladium Are on the Move](/precious-metals-watch/platinum-and-palladium-are-on-the-move/index.html.md)
- [The Debasement Trade Broadens Across Precious Metals](/precious-metals-watch/the-debasement-trade-broadens-across-precious-metals/index.html.md)
- [Copper and Silver Join Revamped U.S. List of Critical Minerals](/precious-metals-watch/copper-and-silver-join-revamped-us-list-of-critical-minerals/index.html.md)
- [Silver faces fifth annual supply deficit as industrial demand slumps but investment surges](/precious-metals-watch/silver-faces-fifth-annual-supply-deficit-as-industrial-demand-slumps-but-investment-surges/index.html.md)
- [Gold Holds Gains as Liquidity Stress Emerges](/precious-metals-watch/gold-holds-gains-as-liquidity-stress-emerges/index.html.md)
- [WGC Gold Outlook 2026](/precious-metals-watch/wgc-gold-outlook-2026/index.html.md)
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- [Gold & Silver Outlook 2026](/precious-metals-watch/gold-silver-outlook-2026/index.html.md)
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- [The Bull Market In Gold Silver And Miners](/precious-metals-watch/the-bull-market-in-gold-silver-and-miners/index.html.md)
- [Metals Mining Year In Review Future In Focus](/precious-metals-watch/metals-mining-year-in-review-future-in-focus/index.html.md)
- [The Changing Global Order Is Repricing Gold](/precious-metals-watch/the-changing-global-order-is-repricing-gold/index.html.md)
- [Sprott Radio Podcast: Silver's Signal vs. Noise](/precious-metals-watch/sprott-radio-podcast-silvers-signal-vs-noise/index.html.md)
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- [Gold Rises as Trump Tariff Defeat Throws Trade Deals Into Doubt](/precious-metals-watch/gold-rises-as-trump-tariff-defeat-throws-trade-deals-into-doubt/index.html.md): Gold climbed after a run of three weekly gains as heightened uncertainty over US trade policy unsettled markets and hurt the dollar.
- [Gold Rises Above $5,000 in an Evolving Monetary Regime](/precious-metals-watch/gold-rises-above-5-000-in-an-evolving-monetary-regime/index.html.md): In February, spot gold rose $384.70 per ounce (or 7.86%) to close the month at $5,279.73. It was an all-time monthly closing high and the first monthly close to exceed $5,000. After its violent one-day sell-off on January 30, gold spent February recovering and ended the month only $138.28 (or 2.55%) below its all-time closing high.
- [Sprott Radio Podcast: The Future of Sound Money](/precious-metals-watch/sprott-radio-podcast-the-future-of-sound-money/index.html.md)
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- [Gold and the Hormuz Disruption: A Monetary Stress Test](/precious-metals-watch/gold-and-the-hormuz-disruption-a-monetary-stress-test/index.html.md)
- [Gold Volatility and U.S.-Iran Tensions](/precious-metals-watch/gold-volatility-and-us-iran-tensions/index.html.md): Gold may be facing short-term volatility amid geopolitical tensions, but its long-term outlook remains compelling, supported by strong fundamentals and persistent demand. In this interview on April 20, Shree Kargutkar explains why constrained supply, limited new discoveries and rising prices are creating a powerful backdrop for gold and mining equities. For investors willing to look beyond near-term noise, the sector may offer significant upside opportunities as structural imbalances continue to build.
- [Largest copper, gold, and silver deposit found in the past three decades may change global markets](/precious-metals-watch/largest-copper-gold-and-silver-deposit-found-in-the-past-three-decades-may-change-global-markets/index.html.md): Geologists have identified what is described as the largest copper, gold, and silver deposit discovered in Argentina in more than 30 years, marking a significant development for the country’s mining sector. The find highlights the growing importance of Argentina’s Andean region as exploration efforts uncover large scale mineral systems with multiple valuable metals. If developed, the deposit could strengthen Argentina’s position in global copper and precious metals supply chains at a time of rising demand for critical resources.
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- [Silver rallies to two-month high as US-Iran tensions boost haven demand](/precious-metals-watch/silver-rallies-to-two-month-high-as-us-iran-tensions-boost-haven-demand/index.html.md): Silver prices climbed to a two-month high, rising more than 5% amid escalating U.S.–Iran tensions, which boosted safe-haven demand among investors. Ongoing geopolitical uncertainty—along with stalled negotiations and concerns around energy supply disruptions—has reinforced the appeal of precious metals despite a stronger macro backdrop. At the same time, silver’s industrial demand from sectors like AI infrastructure, semiconductors and EVs continues to provide an additional layer of support to prices.
- [Scientists built a new form of aluminum that behaves like precious metals, but costs far less](/precious-metals-watch/scientists-built-a-new-form-of-aluminum-that-behaves-like-precious-metals-but-costs-far-less/index.html.md): Scientists have developed a new aluminum compound made of three bonded atoms arranged in a triangle, enabling it to behave like precious metals such as platinum and palladium in chemical reactions. This unusual structure allows aluminum to break strong chemical bonds and remain stable in solution—capabilities typically associated with far rarer and more expensive catalysts. Because aluminum is abundant and significantly cheaper, the discovery could pave the way for lower-cost, more sustainable industrial processes if it can eventually match the performance of traditional metals.
- [How gold overtook U.S. Treasurys as number-one reserve asset](/precious-metals-watch/how-gold-overtook-us-treasurys-as-number-one-reserve-asset/index.html.md): Gold has overtaken U.S. Treasurys as the world’s largest reserve asset, accounting for about 27% of central bank reserves versus roughly 22% for Treasurys, according to the European Central Bank. The shift has been driven largely by surging gold prices rather than accelerated buying, though central banks continue to hold gold as a diversification tool and hedge against geopolitical risk. Despite its rising prominence, gold still carries drawbacks—such as price volatility, lack of yield and storage costs—highlighting that the change reflects valuation dynamics more than a wholesale structural shift.
- [Lawmakers introduce SILVER Act to increase precious metals storage sites in US](/precious-metals-watch/lawmakers-introduce-silver-act-to-increase-precious-metals-storage-sites-in-us/index.html.md): U.S. lawmakers have introduced the bipartisan SILVER Act, aimed at expanding precious metals storage infrastructure beyond its current concentration in the New York City region. The bill would require approved depositories across multiple U.S. time zones, seeking to improve market resiliency, increase competition and lower storage costs. Proponents say the move could strengthen supply chain security and better align storage capacity with mining activity in regions like the West.
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- [Palisades nuclear plant signs agreement to build first of its kind small modular reactors in Michigan](/uranium-watch/palisades-nuclear-plant-signs-agreement-to-build-first-of-its-kind-small-modular-reactors-in-michigan/index.html.md)
- [U.S. energy secretary touts nuclear power as tech sector’s thirst for electricity grows](/uranium-watch/us-energy-secretary-touts-nuclear-power-as-tech-sector-s-thirst-for-electricity-grows/index.html.md)
- [Sprott Uranium Report: Tariffs, Tensions and the Uranium Opportunity](/uranium-watch/sprott-uranium-report-tariffs-tensions-and-the-uranium-opportunity/index.html.md)
- [Uranium’s turning point: Supply squeeze, AI demand, and the nuclear energy boom - Scott Melbye](/uranium-watch/uranium-s-turning-point-supply-squeeze-ai-demand-and-the-nuclear-energy-boom-scott-melbye/index.html.md)
- [Japan develops uranium-based battery to reuse radioactive waste](/uranium-watch/japan-develops-uranium-based-battery-to-reuse-radioactive-waste/index.html.md)
- [Sprott Uranium Report: Is Uranium’s Bull Market Over?](/uranium-watch/sprott-uranium-report-is-uranium-s-bull-market-over/index.html.md)
- [10 Reasons to Invest in Uranium](/uranium-watch/10-reasons-to-invest-in-uranium/index.html.md)
- [Is the uranium bull market over? Sprott says no](/uranium-watch/is-the-uranium-bull-market-over-sprott-says-no/index.html.md)
- [New source of gold, platinum and uranium discovered in space](/uranium-watch/new-source-of-gold-platinum-and-uranium-discovered-in-space/index.html.md)
- [Uranium crunch: the race to fuel the West’s nuclear energy revival](/uranium-watch/uranium-crunch-the-race-to-fuel-the-west-s-nuclear-energy-revival/index.html.md)
- [Google agrees to fund the development of three new nuclear sites](/uranium-watch/google-agrees-to-fund-the-development-of-three-new-nuclear-sites/index.html.md)
- [Sprott Uranium Report: Uranium Regains Momentum](/uranium-watch/sprott-uranium-report-uranium-regains-momentum/index.html.md)
- [Nuclear Stocks Surge on Report Trump Executive Orders to Boost Industry](/uranium-watch/nuclear-stocks-surge-on-report-trump-executive-orders-to-boost-industry/index.html.md)
- [Trump’s Executive Orders Set Stage for U.S. Nuclear Expansion](/uranium-watch/trump-s-executive-orders-set-stage-for-us-nuclear-expansion/index.html.md)
- [Meta to Buy Nuclear Power From Constellation as AI Demand Soars](/uranium-watch/meta-to-buy-nuclear-power-from-constellation-as-ai-demand-soars/index.html.md)
- [The White House’s Nuclear Push: What It Means for Uranium Opportunities](/uranium-watch/the-white-house-s-nuclear-push-what-it-means-for-uranium-opportunities/index.html.md)
- [Uranium Is Hot: How New Nuclear Policies Could Spark A Market Revival](/uranium-watch/uranium-is-hot-how-new-nuclear-policies-could-spark-a-market-revival/index.html.md)
- [World Bank Ends Ban on Funding Nuclear Energy](/uranium-watch/world-bank-ends-ban-on-funding-nuclear-energy/index.html.md)
- [Uranium Outlook Mid-Year 2025](/uranium-watch/uranium-outlook-mid-year-2025/index.html.md)
- [Sprott Uranium Report: Uranium’s Mid-Year Momentum](/uranium-watch/sprott-uranium-report-uranium-s-mid-year-momentum/index.html.md)
- [Uranium Spot Market Update](/uranium-watch/uranium-spot-market-update/index.html.md)
- [China's largest uranium mining project enters production](/uranium-watch/chinas-largest-uranium-mining-project-enters-production/index.html.md)
- [Russia-backed $1.2B uranium project launches in Tanzania to fuel energy, economic growth](/uranium-watch/russia-backed-12b-uranium-project-launches-in-tanzania-to-fuel-energy-economic-growth/index.html.md)
- [Sprott Radio Podcast: Going Nuclear](/uranium-watch/sprott-radio-podcast-going-nuclear/index.html.md)
- [Norway launches assessment process for two nuclear projects](/uranium-watch/norway-launches-assessment-process-for-two-nuclear-projects/index.html.md)
- [Uranium Marching Towards $100/lb As Supply Squeezed](/uranium-watch/uranium-marching-towards-100lb-as-supply-squeezed/index.html.md)
- [Sprott Radio Podcast: The Future of Existing Nuclear](/uranium-watch/sprott-radio-podcast-the-future-of-existing-nuclear/index.html.md): There’s more to the nuclear energy renaissance than just a change in public sentiment. Until recently, closing a nuclear plant was a badge of honor for politicians running a “green” platform. Things have changed and the demand for abundant, clean, baseload energy has transformed nuclear plants into "precious and prestigious" resources.
- [Tennessee Valley Authority signs agreement for 6 GW of small nuclear](/uranium-watch/tennessee-valley-authority-signs-agreement-for-6-gw-of-small-nuclear/index.html.md)
- [Uranium demand set to surge 28% by 2030 as nuclear power gains momentum, WNA says](/uranium-watch/uranium-demand-set-to-surge-28-by-2030-as-nuclear-power-gains-momentum-wna-says/index.html.md)
- [U.S. looks to boost strategic uranium reserve for nuclear power](/uranium-watch/us-looks-to-boost-strategic-uranium-reserve-for-nuclear-power/index.html.md)
- [Sprott Radio Podcast: World Nuclear Symposium Post Conference Debrief](/uranium-watch/sprott-radio-podcast-world-nuclear-symposium-post-conference-debrief/index.html.md)
- [Uranium: At the Fulcrum of AI, National Security and Global Energy Demand](/uranium-watch/uranium-at-the-fulcrum-of-ai-national-security-and-global-energy-demand/index.html.md)
- [Where Is Spot Uranium Going?](/uranium-watch/where-is-spot-uranium-going/index.html.md)
- [Overview of Uranium Spot and Term Markets](/uranium-watch/overview-of-uranium-spot-and-term-markets/index.html.md)
- [DOE’s reactor pilot: A turning point for U.S. nuclear energy?](/uranium-watch/doe-s-reactor-pilot-a-turning-point-for-us-nuclear-energy/index.html.md)
- [U.S. nuclear plants face widening uranium supply gap, EIA warns](/uranium-watch/us-nuclear-plants-face-widening-uranium-supply-gap-eia-warns/index.html.md)
- [Sprott Uranium Report: Investors Act with Conviction](/uranium-watch/sprott-uranium-report-investors-act-with-conviction/index.html.md)
- [Ontario Investing $1 Billion to Build Small Modular Reactors at Darlington](/uranium-watch/ontario-investing-1-billion-to-build-small-modular-reactors-at-darlington/index.html.md)
- [Copper and Silver Join Revamped U.S. List of Critical Minerals](/uranium-watch/copper-and-silver-join-revamped-us-list-of-critical-minerals/index.html.md)
- [U.S. energy secretary says biggest use of loan office will be for nuclear power plants](/uranium-watch/us-energy-secretary-says-biggest-use-of-loan-office-will-be-for-nuclear-power-plants/index.html.md)
- [New material boosts seawater uranium extraction 1000x in major lift for nuclear energy](/uranium-watch/new-material-boosts-seawater-uranium-extraction-1000x-in-major-lift-for-nuclear-energy/index.html.md)
- [U.S. Energy Department Hands out $800M in Grants for Small Nuclear Reactors \(SMRs\)](/uranium-watch/us-energy-department-hands-out-800m-in-grants-for-small-nuclear-reactors-smrs/index.html.md)
- [Infographic: The Uranium Opportunity](/uranium-watch/infographic-the-uranium-opportunity/index.html.md)
- [Sprott Uranium Report: Uranium’s Tale of Two Markets](/uranium-watch/sprott-uranium-report-uranium-s-tale-of-two-markets/index.html.md)
- [Sprott Uranium Report: Uranium's Bull Market Reawakens](/uranium-watch/sprott-uranium-report-uraniums-bull-market-reawakens/index.html.md)
- [Sprott Radio Podcast: Uranium Outlook 2026](/uranium-watch/sprott-radio-podcast-uranium-outlook-2026/index.html.md)
- [Video: Uranium Outlook 2026](/uranium-watch/video-uranium-outlook-2026/index.html.md)
- [Meta signs nuclear energy deals to power Prometheus AI supercluster](/uranium-watch/meta-signs-nuclear-energy-deals-to-power-prometheus-ai-supercluster/index.html.md)
- [Top 10 Themes for 2026](/uranium-watch/top-10-themes-for-2026/index.html.md)
- [Metals Post Strong Returns in 2025](/uranium-watch/metals-post-strong-returns-in-2025/index.html.md)
- [General Matter Secures $900M DOE Contract to Boost U.S. Uranium Supply](/uranium-watch/general-matter-secures-900m-doe-contract-to-boost-us-uranium-supply/index.html.md)
- [8 Big Wins for Nuclear in the Trump Administration’s First Year](/uranium-watch/8-big-wins-for-nuclear-in-the-trump-administration-s-first-year/index.html.md)
- [Uranium Enters 2026 with Renewed Strength and Strategic Tailwinds](/uranium-watch/uranium-enters-2026-with-renewed-strength-and-strategic-tailwinds/index.html.md)
- [Uranium’s Catch Up Trade: Nuclear Power’s Next Decade of Demand](/uranium-watch/uranium-s-catch-up-trade-nuclear-power-s-next-decade-of-demand/index.html.md)
- [Denison Mines Gets Green Light for Uranium Project in Northern Saskatchewan](/uranium-watch/denison-mines-gets-green-light-for-uranium-project-in-northern-saskatchewan/index.html.md): Denison Mines has received final regulatory approval from the Canadian Nuclear Safety Commission to construct its Wheeler River uranium project in northern Saskatchewan’s Athabasca Basin. The approval allows construction of the Phoenix deposit, which will be Canada’s first uranium mine to use in situ recovery mining and the first large scale uranium mine approved in the country in more than 20 years. The project is expected to take about two years to build and is targeted to begin production in mid 2028.
- [As Fukushima Memories Fade, Japan Embraces a Nuclear-Powered Future](/uranium-watch/as-fukushima-memories-fade-japan-embraces-a-nuclear-powered-future/index.html.md): Fifteen years after the Fukushima disaster, Japan is gradually shifting back toward nuclear power as public opposition softens and energy security concerns grow. The government, led by a strongly pro nuclear prime minister, is accelerating reactor restarts and investing in new nuclear technologies to reduce reliance on imported fossil fuels and meet rising power demand.
- [Brussels backs mini-nuclear power plants to secure low-carbon power](/uranium-watch/brussels-backs-mini-nuclear-power-plants-to-secure-low-carbon-power/index.html.md): The European Commission is backing small modular nuclear reactors (SMRs) as part of its strategy to secure reliable, low carbon power and support energy intensive industries as Europe pursues climate neutrality.
- [Why Uranium Could Be the Next Energy Shock Opportunity](/uranium-watch/why-uranium-could-be-the-next-energy-shock-opportunity/index.html.md)
- [Uranium Market Update: Why Stability May Signal Strength](/uranium-watch/uranium-market-update-why-stability-may-signal-strength/index.html.md)
- [Global Conflict Is Strengthening the Case for Uranium](/uranium-watch/global-conflict-is-strengthening-the-case-for-uranium/index.html.md)
- [Sprott Radio Podcast: The Core Case for Uranium](/uranium-watch/sprott-radio-podcast-the-core-case-for-uranium/index.html.md)
- [Trump wants Iran's 'nuclear dust.' Here's how the U.S. could remove the uranium](/uranium-watch/trump-wants-irans-nuclear-dust-heres-how-the-us-could-remove-the-uranium/index.html.md): The article examines proposals discussed during the Trump administration about eliminating risks from Iran’s nuclear program by physically removing or neutralizing fissile material rather than relying solely on monitoring agreements. It outlines the technical and logistical challenges of extracting uranium, including the complexity of locating enriched material, safely transporting it, and preventing environmental contamination. Experts cited in the piece emphasize that while such measures are theoretically possible, they would be difficult to execute, politically fraught, and far more complicated than rhetoric suggests.
- [Sprott Radio Podcast: Building Energy Security the Chinese Way](/uranium-watch/sprott-radio-podcast-building-energy-security-the-chinese-way/index.html.md)
- [Webcast Replay: Critical Materials in an Era of Energy Security and Defense](/uranium-watch/webcast-replay-critical-materials-in-an-era-of-energy-security-and-defense/index.html.md)
- [Cameco increases ownership of prominent Canadian uranium mine Cigar Lake](/uranium-watch/cameco-increases-ownership-of-prominent-canadian-uranium-mine-cigar-lake/index.html.md): Cameco and Orano have agreed to acquire TEPCO Resources’ remaining 5% stake in the Cigar Lake uranium mine, further consolidating ownership of one of the world’s highest-grade uranium assets. The transaction will increase Cameco’s stake to about 57.4%, reinforcing its position in a key tier-one operation central to global nuclear fuel supply. The move reflects ongoing efforts to secure long-term, low-cost uranium production as demand for nuclear energy continues to grow.
- [Nuclear fusion durability gets US breakthrough with first-ever hydrogen-uranium scan](/uranium-watch/nuclear-fusion-durability-gets-us-breakthrough-with-first-ever-hydrogen-uranium-scan/index.html.md): Researchers at Lawrence Livermore National Laboratory have achieved a breakthrough in nuclear fusion durability by capturing the first-ever real-time scan of hydrogen interacting with uranium. Using a non-destructive imaging technique, the team was able to observe the earliest stages of material degradation—data that had previously been impossible to measure. The findings could improve predictive models and help design more durable components for fusion reactors, advancing the reliability of future clean energy systems.
- [Advanced nuclear reactor reaches criticality in US test, targets 2027 power generation](/uranium-watch/advanced-nuclear-reactor-reaches-criticality-in-us-test-targets-2027-power-generation/index.html.md): Antares Nuclear’s Mark 0 microreactor has reached “criticality” at Idaho National Laboratory—a key milestone where a self sustaining nuclear fission reaction is achieved. The zero power test validates the reactor’s design, physics, and control systems, providing data to support future licensing and development of commercial microreactors. The breakthrough marks a significant step toward generating electricity by 2027 and deploying compact nuclear systems for remote, military and potentially space applications.
- [Uranium in an Era of Energy Security](/uranium-watch/uranium-in-an-era-of-energy-security/index.html.md)
- [Inside the race—and the uranium gap—to rebuild America’s fuel supply chain for a ‘second nuclear age’](/uranium-watch/inside-the-race-and-the-uranium-gap-to-rebuild-america-s-fuel-supply-chain-for-a-second-nuclear-age/index.html.md): The U.S. is entering a “second nuclear age” driven by surging electricity demand from AI and data centers, but its nuclear fuel supply chain—spanning mining, enrichment and fuel fabrication—remains severely underdeveloped. The U.S. has a heavy reliance on imports, particularly as policymakers move to ban Russian enriched uranium by 2028, creating urgency to rebuild domestic capacity. While investment in new reactors is accelerating, the piece emphasizes that without parallel investment across the full fuel supply chain, future nuclear expansion could face significant constraints.
- [Uranium Fundamentals Strengthen Beneath the Market Noise](/uranium-watch/uranium-fundamentals-strengthen-beneath-the-market-noise/index.html.md)
- [Sprott Radio Podcast: Uranium Update from Per's Cabin - The Sequel](/uranium-watch/sprott-radio-podcast-uranium-update-from-pers-cabin-the-sequel/index.html.md)
- [Bacteria Turn Toxic Uranium Into a Surprisingly Stable Compound](/uranium-watch/bacteria-turn-toxic-uranium-into-a-surprisingly-stable-compound/index.html.md): Researchers found that naturally occurring bacteria from a flooded uranium mine can remove nearly all dissolved uranium from contaminated water when supplied with glycerol, converting the radioactive metal into a solid, far less mobile form. The study revealed that the microbes produced a surprisingly stable uranium(V) compound—a chemical state previously thought to be only temporary—offering new insight into how uranium behaves in the environment. The findings suggest that bacteria could play a valuable role in future environmental remediation efforts by helping immobilize uranium and reduce the risk of contamination spreading through groundwater.
- [US Navy Awards $71.6 Billion Contract For 14 Nuclear Submarines In Major Shipbuilding Deal](/uranium-watch/us-navy-awards-716-billion-contract-for-14-nuclear-submarines-in-major-shipbuilding-deal/index.html.md)
- [On the Cusp of a New Contracting Cycle](/uranium-watch/on-the-cusp-of-a-new-contracting-cycle/index.html.md)
- [World Nuclear Symposium 2026: Capital Returns to Uranium](/uranium-watch/world-nuclear-symposium-2026-capital-returns-to-uranium/index.html.md)
- [US seals big uranium investment in Niger, two years after troops left](/uranium-watch/us-seals-big-uranium-investment-in-niger-two-years-after-troops-left/index.html.md): The U.S. government has approved up to $414 million in financing for Global Atomic’s Dasa Project in Niger, a high-grade uranium development that could strengthen access to a strategic uranium supply as nuclear demand continues to grow. The investment is being viewed as both a commercial and diplomatic breakthrough, signaling renewed U.S. engagement with Niger while helping secure critical uranium resources despite ongoing political, security and logistical challenges in the country.
- [50,000 years of fuel: US firm targets 4 billion tons of uranium hidden in seawater](/uranium-watch/50-000-years-of-fuel-us-firm-targets-4-billion-tons-of-uranium-hidden-in-seawater/index.html.md): A new U.S. startup, Fluxnium, is developing reusable polymer fibers that can extract dissolved uranium from seawater, potentially tapping into an estimated 4 billion metric tons of uranium contained in the world’s oceans.
- [Record Term Prices Mark a New Phase for Uranium](/uranium-watch/record-term-prices-mark-a-new-phase-for-uranium/index.html.md)
- [Sprott Sprott Radio Podcast: WNS 2026 and the New Buyer](/uranium-watch/sprott-sprott-radio-podcast-wns-2026-and-the-new-buyer/index.html.md)
- [China drives record global nuclear output as generation elsewhere falls](/uranium-watch/china-drives-record-global-nuclear-output-as-generation-elsewhere-falls/index.html.md)
- [Constellation, Amazon sign 20-year power deal to support Maryland nuclear plant](/uranium-watch/constellation-amazon-sign-20-year-power-deal-to-support-maryland-nuclear-plant/index.html.md): Constellation Energy and Amazon have signed a 20-year power purchase agreement that will support the expansion of the 1,790-megawatt Calvert Cliffs nuclear plant in Maryland, including the addition of approximately 190 megawatts of new carbon-free generating capacity between 2030 and 2032. The agreement includes 690 megawatts of power from Calvert Cliffs and is expected to enable more than $3 billion in infrastructure investment while supporting Amazon's growing electricity needs tied to AI and data center expansion.
- [U.S.’ only commercial uranium enrichment site reaches 75% capacity expansion target](/uranium-watch/us-only-commercial-uranium-enrichment-site-reaches-75-capacity-expansion-target/index.html.md): Urenco’s National Enrichment Facility in New Mexico, the only commercial uranium enrichment plant in the U.S., has completed 75% of its current expansion program and is working toward increasing capacity from 4.3 million to more than 7 million separative work units (SWU) over the next decade. The expansion comes as growing interest in nuclear power and advanced reactors highlights the need for a more secure domestic nuclear fuel supply chain. The project is expected to strengthen U.S. enrichment capabilities at a time when the country remains the world’s largest uranium consumer but relies heavily on foreign sources for nuclear fuel services.
- [AEP, Amazon and X-Energy Planning 12-SMR Plant](/uranium-watch/aep-amazon-and-x-energy-planning-12-smr-plant/index.html.md)
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- [Heather MacLeod](/people/heather-macleod/index.html.md): Heather MacLeod is Senior Managing Partner, Chief Marketing Officer, Sprott Inc., with overall responsibility for corporate branding and marketing, including website strategy and maintenance. Her responsibilities also include marketing strategy development for Sprott’s flagship exchange listed products and managed equities funds.
- [Ima Casanova](/people/ima-casanova/index.html.md): Ima Casanova
- [Jacob White](/people/jacob-white/index.html.md): Jacob White is Director, ETF Product Management, Sprott Asset Management. He joined Sprott Asset Management in July 2020, and is responsible for managing Sprott’s ETF lineup, ETF product development, investment analysis and thought leadership.
- [Jesse Day](/people/jesse-day/index.html.md): Jesse Day
- [Jim Grosdanis](/people/jim-grosdanis/index.html.md): Jim Grosdanis is a Managing Partner of Sprott Natural Resource Investment Partners and has managed the resource lending business of Sprott Natural Resource Investment Partners since its inception.
- [John Ciampaglia](/people/john-ciampaglia/index.html.md): John Ciampaglia is Chief Executive Officer, Sprott Asset Management and Senior Managing Partner, Sprott Inc. He has over 30 years of investment industry experience and oversees Sprott’s public market investment strategies, as well as serving as the Portfolio Manager for the company’s physical commodity funds.
- [John Davi](/people/john-davi/index.html.md): John Davi
- [John Hathaway](/people/john-hathaway/index.html.md): John Hathaway is Managing Partner, Sprott Inc. and Senior Portfolio Manager, Sprott Asset Management USA, Inc. He joined Sprott in January 2020 and is a Senior Portfolio Manager of Sprott Concentrated M&A Strategy, Co-Portfolio Manager of the Sprott Gold Equity Fund (SGDLX) and Portfolio Manager of Sprott Active Gold & Silver Miners ETF (GBUG).
- [Jonathan Hinze](/people/jonathan-hinze/index.html.md): Jonathan Hinze
- [Judith W. O’Connell](/people/judith-w-o-connell/index.html.md): Judith O’Connell has over 33 years of financial services experience and is currently the Managing Partner and Chief Executive Officer of Champlain Investment Partners, LLC, a position she has held since September 17, 2004.
- [Justin Tolman](/people/justin-tolman/index.html.md): Justin Tolman is Managing Partner, Sprott Inc. and Senior Portfolio Manager & Economic Geologist, Sprott Asset Management USA, Inc. He joined Sprott in 2018 as an economic geologist. He specializes in project and company evaluations.
- [J’aime Spork](/people/j-aime-spork/index.html.md): J’aime Spork is Managing Partner, Sprott Inc. and Head Trader, Sprott Asset Management. Ms. Spork has more than 15 years of investment experience focusing on trading.
- [Kevin Hibbert](/people/kevin-hibbert/index.html.md): Kevin Hibbert is Co-Chief Operating Officer and Chief Financial Officer, Sprott Inc. Mr. Hibbert assists the CEO in the day-to-day operation of the company.
- [Lara Misner](/people/lara-misner/index.html.md): Lara Misner is Managing Partner, Enterprise Risk Management, Sprott Inc. and Chief Compliance Officer, Sprott Asset Management LP. Ms. Misner has over 30 years of investment experience in various roles in compliance, portfolio management, equity research, client services and operations.
- [Maria Smirnova](/people/maria-smirnova/index.html.md): Maria Smirnova
- [Mark Bruno](/people/mark-bruno/index.html.md): Mark Bruno
- [Mark Marex](/people/mark-marex/index.html.md): Mark Marex
- [Michael Harrison](/people/michael-harrison/index.html.md): Michael Harrison
- [Myra P. Saefong](/people/myra-p-saefong/index.html.md): Myra P. Saefong
- [Narinder Nagra](/people/narinder-nagra/index.html.md): Narinder Nagra is a Managing Partner of Sprott Natural Resource Investment Partners. He has overseen the origination and management of the resource financing business of Sprott Natural Resource Investment Partners since its inception.
- [Paul Wong](/people/paul-wong/index.html.md): Paul Wong is Managing Partner, Market Strategist, Sprott Inc. He has more than 37 years of investment industry experience, specializing in investment analysis for natural resources investments. Mr. Wong first joined Sprott Asset Management in 2011.
- [Per Jander](/people/per-jander/index.html.md): Per joined WMC with a broad background in the energy sector spanning 20 years. Most recently, Per spent over a decade in uranium sales and trading in various roles at the marketing division of Cameco Corporation.
- [Philip Newman](/people/philip-newman/index.html.md): Philip Newman
- [Robert V. Villaflor](/people/robert-v-villaflor/index.html.md): Robert Villaflor is Managing Partner, Sprott Inc., and Chief Executive Officer at Sprott Wealth Management. His financial services career began in 1992, and he has a broad background, having held multiple positions.
- [Ronald Dewhurst](/people/ronald-dewhurst/index.html.md): Ronald Dewhurst has held a number of Board positions, including Directorships at Australian United Investment Company, Brighter Super, Cygnett Limited, Rhinomed Limited, The National Gallery of Victoria and the Breast Cancer Network of Australia.
- [Ross Gordon](/people/ross-gordon/index.html.md): Ross Gordon
- [Ryan McIntyre](/people/ryan-mcintyre/index.html.md): Ryan McIntyre is President, Sprott Inc. Mr. McIntyre assists the CEO in the day-to-day operation of the company, is a senior portfolio manager and is responsible for leading our cybersecurity and information technology teams and wealth management business.
- [Samay Bhachech](/people/samay-bhachech/index.html.md): Samay Bhachech is Managing Partner, Financial Controls, Treasury, Planning & Analysis, Sprott Inc. In this role, Samay manages the financial control, treasury, planning and analysis activities for Sprott Inc. and its subsidiaries.
- [Sarah-Jane Martin](/people/sarah-jane-martin/index.html.md): Sarah-Jane Martin is Managing Partner, Chief Talent Officer & Associate General Counsel, Sprott Inc. She is responsible for key people-management processes, including professional development, organizational culture, corporate sustainability and recruitment.
- [Sean Ghosal](/people/sean-ghosal/index.html.md): Mr. Ghosal is an Associate on the Streaming and Royalty Team with 9+ years of capital markets, engineering, sales, and operations experience in the mining industry.
- [Shree Kargutkar](/people/shree-kargutkar/index.html.md): Shree Kargutkar is Managing Partner, Sprott Inc. and Senior Portfolio Manager, Sprott Asset Management. He has more than 15 years of investment experience and began his career at Sprott Asset Management in May 2010.
- [Stephanie Pomboy](/people/stephanie-pomboy/index.html.md): Stephanie Pomboy
- [Steve Schoffstall](/people/steve-schoffstall/index.html.md): Steve Schoffstall is Managing Partner, Sprott Inc. and Head of ETFs, Sprott Asset Management USA, Inc. He joined Sprott Asset Management USA in April 2022 and has more than 20 years of experience in the ETF industry.
- [Ted Oakley](/people/ted-oakley/index.html.md): Ted Oakley
- [Tim Rotolo](/people/tim-rotolo/index.html.md): Tim Rotolo
- [Tom Bodrovics](/people/tom-bodrovics/index.html.md): Tom Bodrovics
- [Tom Ulrich](/people/tom-ulrich/index.html.md): Tom Ulrich is Managing Partner, Sprott Inc. and General Counsel & Chief Compliance Officer, Sprott Asset Management USA, Inc. and Resource Capital Investment Corporation.
- [Varinder Bhathal](/people/varinder-bhathal/index.html.md): Varinder (“Vinny”) Bhathal is Managing Partner, Chief Controller and Treasurer, Sprott Inc. and is the Chief Financial Officer for the company’s legal entities and funds. Ms. Bhathal oversees Sprott’s corporate finance, compensation, investment operations, treasury, financial, planning and analysis teams.
- [Victor Huwang](/people/victor-huwang/index.html.md): Victor Huwang is Managing Partner, U.S. Operations, Sprott Inc. He joined Sprott in January 2020 and was previously the Head of Gold Funds Operations at Tocqueville Asset Management L.P.
- [Whitney George](/people/whitney-george/index.html.md): Whitney George was named Chief Executive Officer of Sprott Inc. in 2022. He is also a Senior Portfolio Manager at Sprott Asset Management USA. Mr. George joined Sprott in 2015 and previously spent 23 years in senior roles at Royce & Associates LLC ("Royce") in New York.
- [Whitney George - Board of Directors \(1\)](/people/whitney-george-board-of-directors-1/index.html.md): Whitney George
- [Vishal Chhabra](/people/vishal-chhabra/index.html.md): Vishal Chhabra is Managing Partner, Compensation, Finance Administration & Outsourcing, Sprott Inc. Mr. Chhabra leads the company’s global compensation, payroll and benefits processes including LTIP management, global expense, vendor and supply chain management.
- [Edward Bonner](/people/edward-bonner/index.html.md): Edward Bonner is an Investment Associate at Sprott Wealth Management. He joined the team in 2021 and holds a master’s degree in Economic Geology from the Colorado School of Mines.
- [Momina Walli](/people/momina-walli/index.html.md): Momina Walli is Managing Partner, Investment Finance, Sprott Inc. Ms. Walli oversees investment finance strategic initiatives as well as the department’s new product development and implementation practices.
- [Whitney George - Board of Directors](/people/whitney-george-board-of-directors/index.html.md): Whitney George was named Chief Executive Officer of Sprott Inc. in 2022. He is also a Senior Portfolio Manager at Sprott Asset Management USA. Mr. George joined Sprott in 2015 and previously spent 23 years in senior roles at Royce & Associates LLC ("Royce") in New York.
- [John Kinnane](/people/john-kinnane/index.html.md): John Kinnane is Managing Partner, Key Accounts, Sprott Inc. He joined Sprott in April 2021 and has more than 16 years of experience in investment management and sales.
- [Eric Angeli](/people/eric-angeli/index.html.md): Eric Angeli is a Portfolio Manager at Sprott Wealth Management. Mr. Angeli also serves as the Chair of the Sprott Wealth Management Investment Committee, which manages both the Resource Exploration and Development Placement Limited Partnership and the Resource Alpha Separately Managed Account Strategy.
- [John Barker](/people/john-barker/index.html.md): John Barker is an Investment Executive at Sprott Wealth Management and has been advising clients since 2016. He joined Sprott after completing a master’s degree in Austrian Economics at George Mason University and spending a year at Euro Pacific Capital.
- [Anthony Bevilaqua](/people/anthony-bevilaqua/index.html.md): Tony Bevilaqua is an Investment Executive at Sprott Wealth Management. He leverages Sprott's expertise to create comprehensive natural resource and hard-asset portfolios for his clients.
- [Sam Broom](/people/sam-broom/index.html.md)
- [Mary Goddard](/people/mary-goddard/index.html.md): Mary Goddard is an Investment Executive at Sprott Wealth Management, having joined Sprott Global Resource Investments Ltd. in 1993.
- [Jason J. Stevens, CFA](/people/jason-j-stevens-cfa/index.html.md): Jason J. Stevens, CFA®, is an Investment Executive at Sprott Wealth Management. He serves as Portfolio Manager of the Sprott Real Asset Value+ Strategy and is a member of the Sprott Wealth Management Investment Committee, which manages the Resource Exploration and Development Private Placement Fund and the Sprott Resource Alpha Separately Managed Account Strategy.
- [Steve Todoruk](/people/steve-todoruk/index.html.md): Steve Todoruk is an Investment Executive at Sprott Wealth Management. He has been with the firm since 2003. A Professional Geoscientist in good standing in British Columbia,
- [Mishka Vom Dorp](/people/mishka-vom-dorp/index.html.md): Mishka vom Dorp is an Investment Executive, Sprott Wealth Management, where he focuses on portfolio construction and security selection within global natural resource and mining equities.
- [Jelena Veselinov](/people/jelena-veselinov/index.html.md): Jelena Veselinov is Managing Partner, Sprott Inc. and Chief Operating Officer at Sprott Wealth Management. She has been with Sprott Global Resource Investments Ltd. since 2004 working in the Operations, Compliance and HR departments.
- [Andrew Castro](/people/andrew-castro/index.html.md): Andrew Castro, CFP® is an Investment Associate at Sprott Wealth Management. His responsibilities include providing advice to high-net-worth retail investors, bringing a financial planning perspective to portfolio implementation, investment research and execution across multiple asset classes, with a focus on Sprott’s precious metals expertise and related strategies.
- [Justin Tolman SWM](/people/justin-tolman-swm/index.html.md): Justin Tolman is Managing Partner, Sprott Inc. and Senior Portfolio Manager & Economic Geologist, Sprott Asset Management USA, Inc. He joined Sprott in 2018 as an economic geologist. He specializes in project and company evaluations.
- [Daniel Lo](/people/daniel-lo/index.html.md): Daniel Lo
- [Basia Dworak](/people/basia-dworak/index.html.md): Basia Dworak is Managing Partner, Corporate Administration, Sprott Inc. She serves as a strategic partner to the CEO, playing a central role in executive operations, firmwide initiatives and communications strategy.
- [Brandon Hamada](/people/brandon-hamada/index.html.md): Brandon Hamada is a Managing Partner, Sprott Inc., Associate General Counsel, Sprott Asset Management USA, and Chief Compliance Officer of Sprott Global Resources Investments, Ltd. He oversees regulatory compliance for Sprott’s U.S. subsidiaries and advises the firm on a broad range of legal and regulatory matters.
- [Catherine Weigel](/people/catherine-weigel/index.html.md): Catherine Weigel is Managing Partner, ETF Marketing, Sprott Asset Management USA. Her responsibilities include product messaging, content and media strategy, advertising and marketing communications for Sprott ETFs. She joined Sprott in 2022 and has more than 25 years of financial marketing experience.
- [Chris von Strasser](/people/chris-von-strasser/index.html.md): Chris von Strasser is Managing Partner, Institutional Marketing, Sprott Inc. Prior to joining Sprott in 2019, he served as Senior Vice President at the Red Kite Group, a commodity focused manager, where he ran global marketing and helped grow the private equity business to one of the largest in the metals and mining sector.
- [Christian Saladores](/people/christian-saladores/index.html.md): Christian Saladores is Managing Partner, Digital Marketing, Sprott Inc. He oversees digital marketing initiatives and the development, maintenance and ongoing optimization of the firm’s web platforms.
- [Julia Hathaway](/people/julia-hathaway/index.html.md): Julia Hathaway is Managing Partner, Institutional Client Relations, Sprott Inc. Prior to joining Sprott in 2020, Ms. Hathaway spent seven years at Tocqueville Asset Management, a boutique asset management firm in New York City, where she worked in a variety of capacities, including research and business development.
- [Mike Ferreira](/people/mike-ferreira/index.html.md): Mike Ferreira is Managing Partner, Institutional Client Relations, Sprott Inc. He joined Sprott in November of 2023 as a Director of Family Office Relations.
- [Matthew Harrison](/people/matthew-harrison/index.html.md): Matthew Harrison is Director, Senior Investment Consultant, Sprott Asset Management. He joined Sprott in 2017 and has over a decade of investment and relationship management experience.
- [Britney Gannon](/people/britney-gannon/index.html.md): Britney Gannon, PMP, PMI-ACP, is Managing Partner, Senior Project Manager, Sprott Inc., where she leads the strategy and implementation of initiatives across all pillars of the firm.
- [Sergio Lujan](/people/sergio-lujan/index.html.md): Sergio Lujan is Director, Senior Investment Consultant, Sprott Asset Management. Prior to joining Sprott in 2016, Mr. Lujan spent 5 years at Mackenzie Investments, one of Canada’s largest investment management firms, where he held various roles.
- [Tom Quigley](/people/tom-quigley/index.html.md): Tom Quigley is Director, Senior Investment Consultant, Sprott Asset Management. Prior to joining Sprott in 2026,
- [Victoria Shorkey](/people/victoria-shorkey/index.html.md): Victoria Shorkey, Investment Associate, Sprott Wealth Management
- [Aida Laird](/people/aida-laird/index.html.md): Aida Laird, Investment Associate, Sprott Wealth Management
- [Kenny Zhu](/people/kenny-zhu/index.html.md): Kenny Zhu is Director, Research & Investment Strategy at Sprott Asset Management. He has more than a decade of investment and financial industry experience spanning commodities, energy, fixed income and investment research.
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