Sprott Physical Uranium Trust Announces Updated “At-the-Market” Equity Program

TORONTO, Jan. 03, 2024 (GLOBE NEWSWIRE) — Sprott Asset Management LP (“Sprott Asset Management”), on behalf of the Sprott Physical Uranium Trust (TSX: U.UN) (TSX: U.U) (the “Trust” or “SPUT”), a closed-ended trust created to invest and hold substantially all of its assets in physical uranium, today announced that the Trust has updated its at-the-market equity program (the “ATM Program”) to issue up to an additional US$1.0 billion of trust units (the “Units”) pursuant to a prospectus supplement dated January 3, 2024 (the “Prospectus Supplement”) to the short form base shelf prospectus dated January 3, 2024 (the “Shelf Prospectus” and, together with the Prospectus Supplement, the “Offering Documents”). Copies of the Offering Documents are available at www.sedarplus.ca.

Distributions under the ATM Program, if any, will be completed in accordance with the terms of an amended and restated sales agreement dated September 13, 2021, as amended on November 22, 2021 and […]

Click here to view original web page at financialpost.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.