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

TORONTO, Sept. 13, 2021 (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 it has updated its at-the-market equity program (the “ATM Program”) to issue up to an additional US$1.0 billion of units of the Trust (“Units”) in Canada.

Distributions under the ATM Program, if any, will be completed in accordance with the terms of an amended and restated sales agreement (the “Sales Agreement”) dated September 13, 2021 between Sprott Asset Management (as the manager of the Trust), the Trust, Cantor Fitzgerald Canada Corporation and Virtu ITG Canada Corp. (collectively, the “Agents”). The Sales Agreement is available at www.sedar.com.

Sales of Units through the Agents, acting as agent, will be made through “at the market” […]

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