Uranium Participation Announces Shareholder Approval of the Arrangement to Form the Sprott Physical Uranium Trust

TSX Trading symbol: U

TORONTO, July 7, 2021 /CNW/ – Uranium Participation Corporation ("UPC") is pleased to announce that, at today’s special meeting of the shareholders of UPC, shareholders approved the proposed plan of arrangement among UPC, the shareholders of UPC, Sprott Asset Management LP ("SAM LP"), a wholly owned subsidiary of Sprott Inc. (NYSE/TSX: SII), Sprott Physical Uranium Trust (the "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

The special resolution passed with support from 99.92% of the votes cast at the meeting (with 68,151,671 shares voted for and 54,397 shares voted against the Transaction). Excluding the votes held by Kopernik Global Investors, LLC, the special resolution passed with support from 99.90% of the votes cast (with 53,599,153 shares voted for and 54,397 shares voted against the Transaction).

UPC has […]

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