Energy & Critical Metals
Sprott Physical Uranium Trust To Raise US$125 Million To Purchase Further Uranium
Increased interest in the uranium market has driven the Sprott Physical Uranium Trust (TSX: U.UN) to expand its ongoing at-the-market
The post Sprott Physical…
Increased interest in the uranium market has driven the Sprott Physical Uranium Trust (TSX: U.UN) to expand its ongoing at-the-market equity program by US$125 million.
The expansion will see the additional units sold to enable further purchases of physical uranium. The closed-ended fund to date has acquired 61.7 million pounds of U3O8, worth an estimated US$3.81 billion, with the uranium stored at three separate locations via agreements with Cameco, Orano, and ConverDyn.
READ: Sprott Physical Uranium Trust Looks To Buy More Uranium With $1.3 Billion ATM Offering
Distributions under the ATM facility are to occur only on Canadian exchanges, with the sales to be facilitated by Cantor Fitzgerald Canada.
The Sprott Physical Uranium Trust last traded at US$14.82 on the TSX.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
The post Sprott Physical Uranium Trust To Raise US$125 Million To Purchase Further Uranium appeared first on the deep dive.
Uranium Exploration Company Announces Additional Staking in the Athabasca Basin
Source: Streetwise Reports 12/22/2023
Skyharbour Resources Ltd. announced an update from its Canada-based Falcon Project along with additional…
Tesla Launches New Mega Factory Project In Shanghai, Designed To Manufacture 10,000 Megapacks Per Year
Tesla Launches New Mega Factory Project In Shanghai, Designed To Manufacture 10,000 Megapacks Per Year
Tesla has launched a new mega factory…
Giving thanks and taking stock after “a remarkable year”
An end-of-year thank you to our readers, industry colleagues and advertisers before Electric Autonomy breaks from publishing until Jan. 2
The post Giving…