Leading Independent Proxy Advisory Firms Recommend Voting in Favour of UPC’s Arrangement to Form the Sprott Physical Uranium Trust

TSX Trading symbol: U

TORONTO, June 28, 2021 /CNW/ – Uranium Participation Corporation ("UPC") (TSX: U) is pleased to announce that two of the leading independent proxy advisory firms, Institutional Shareholder Services Inc. ("ISS") and Glass, Lewis & Co. LLC ("Glass Lewis"), have recommended that shareholders of UPC vote FOR the plan of arrangement among UPC, Sprott Asset Management LP ("SAM LP", a wholly owned subsidiary of Sprott Inc. (NYSE/TSX: SII)), Sprott Physical Uranium Trust (a newly formed trust to be managed by SAM LP) and 2834819 Ontario Inc. (a newly formed Ontario subsidiary of the Trust) (the "Transaction"). View PDF version .

In their respective reports, ISS and Glass Lewis cite the fairness of the Transaction and the strategic rationale behind the Transaction, including anticipated lower corporate operating costs and the potential for SAM LP to boost the profile of the resulting physical commodity investment vehicle, grow the investor base, […]

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