- Sprott Physical Uranium Trust (U.UN) has launched an at-the-market equity program for up to US$300 million
- At the trust’s sole discretion, unit sales will be made on Canadian exchanges at the prevailing market price
- The trust intends to use the proceeds to acquire physical uranium
- Sprott Asset Management, a subsidiary of Sprott Inc., serves as the trust’s investment manager
- Sprott Physical Uranium Trust (U.UN) closed down by 1.17 per cent trading at $10.12 per share
Sprott Physical Uranium Trust (U.UN) has launched an at-the-market equity program for up to US$300 million.
At the trust’s sole discretion, unit sales will be made on the TSX or on other existing trading markets in Canada at the prevailing market price.
The trust intends to use the proceeds to acquire physical uranium.
John Ciampaglia, CEO of Sprott Asset Management, commented,
“Our goal is to increase the scale and liquidity of the trust through regular purchases of physical uranium on the open market. We believe the ATM program is the most cost-effective and unitholder-friendly method to raise the capital necessary to achieve this objective while also creating long-term value for our unitholders.”
Sprott Asset Management, a subsidiary of Sprott Inc., serves as the trust’s investment manager.
Sprott Physical Uranium Trust (U.UN) closed down by 1.17 per cent trading at $10.12 per share.