Sprott Physical Uranium Trust

Uranium Icon
as of 10/15/2021

NAV

$US11.90

NAV Daily Change

+$US0.04
+0.17%

NAV Since Inception Change

+42%

Management Fee

0.35%

Market Price

$US12.00

Premium/Discount

0.81%

Total lbs of U3O8

32,664,382

Total KgU of UF6

300,000

Total Net Asset Value

$US1.59 Billion

 

Sprott Physical Uranium Trust OTC Market (SRUUF) trading update:

In relation to some US brokers limiting trading in SRUUF, the OTC ticker for the Sprott Physical Uranium Trust  (“SPUT”), Sprott Asset Management is currently working to ensure that SPUT is in compliance with Rule 15c2-11. Sprott Asset Management will provide further updates as available.1

Overview

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Investment Objective

The Sprott Physical Uranium Trust invests and holds substantially all of its assets in uranium in the form of U3O8.

Goal

Provide a secure, convenient and exchange-traded investment alternative for investors interested in holding uranium.

  • Why Invest in U.UN?

    1. The World's Largest Physical Uranium Fund*
    2. Experienced Commodity Fund Manager & Uranium Technical Advisor
    3. Liquid and Convenient Way to Own Physical Uranium
    4. Transparent Daily Reporting of Net Asset and Holdings
    5. Low Fees

     

    *Based on Morningstar’s universe of listed commodity funds. Data as of 6/30/2021.

Key Facts

Toronto Stock Exchange (TSX) Tickers U.U ($US)
U.UN ($CA)
Inception Date July 19, 2021
Fund Type Closed-End Trust
CUSIP 85210A104
ISIN CA85210A1049
Manager Sprott Asset
Management LP
Technical Advisor WMC Energy 
Trustee RBC Investor Services
Auditor KPMG
Storage Providers
& Locations
Cameco (Canada);
ConverDyn (U.S.);
Orano (France);
Urenco (U.S.)

Fees & Expenses

Management Fee 0.35% per annum, plus
operating expenses

Featured Insight

Uranium: A Key Element for a Net-Zero Carbon Future
9/14/2021
Webcast Replay

Uranium: A Key Element for a Net-Zero Carbon Future

Uranium spot prices have been rising in 2021, in what we see as a strong new bull market. Investors are betting on nuclear energy’s profile as a highly efficient, reliable and clean energy source. 

Pricing

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Previous Close TSX U.U ($US)

Net Asset Value per Unit $11.90
Previous Market Price Close $12.00
Premium/Discount 0.81%
Units Outstanding 133,944,500
Total Pounds of U3O8 held within Trust* 32,664,382
Total KgU of UF6 held within Trust* 300,000
Market Value of Uranium Held by Trust $1,550,671,774
Total Net Asset Value of Trust $1,594,465,726
(In U.S. Dollars. Data last updated Friday, October 15, 2021 6:00 PM EST)
*Based on trade date.

Previous Close TSX U.UN ($CA)

Net Asset Value per Unit $14.73
Previous Closing Market Price $14.69
Premium/Discount -0.27%
(In Canadian Dollars. Data last updated Friday, October 15, 2021 6:00 PM EST)

Today's Pricing TSX U.U ($US)

The market is now closed

Today's Pricing TSX U.UN ($CA)

The market is now closed

Follow up-to-date news on Sprott Uranium Physical Trust and the compelling uranium/nuclear energy markets.

Performance

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Market Price vs. Net Asset Value Since Inception

User Options: Mouse over the graph to view detailed daily values; click and drag your mouse to choose specific time frames. Click on the "Reset Zoom" button to return to the full timeline view.

Inception date: July 19, 2021.

Historical Premium/Discount: Market Price to Net Asset Value

User Options: Mouse over the graph to view detailed daily values; click and drag your mouse to choose specific time frames. Click on the "Reset Zoom" button to return to the full timeline view.

Inception date: July 19, 2021.
 Sprott Info

What is a premium/discount?

The amount the Trust's closing price is trading above or below the reported NAV (net asset value), expressed as a percentage of the NAV. When the Trust's closing price is greater than the Trust's NAV, it is trading at a “premium” and the percentage is expressed as a positive number. When the Trust's closing price is less than the Trust's NAV, it is trading at a “discount” and the percentage is expressed as a negative number.

 

Frequency Distribution: Premium/Discount


Trading Days Each Quarter

Data updated as of Oct 15, 2021

  CY 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021
Days Traded at Premium -- 0 0 46 --
Days Traded at Discount -- 0 0 5 --

The above table and line chart present information about the differences between the daily market price of a Trust unit and the Trust’s reported net asset value. The chart’s horizontal axis shows the premium or discount expressed in basis points. The market price is determined by the midpoint between the highest bid and the lowest offer on the Trust’s listing exchange, as of the time that the Trust’s NAV is calculated (usually 4:00 pm Eastern time).

Literature

Uranium Icon
Understanding Nuclear Radiation

Nuclear radiation exposure is minimal compared to the many sources of radiation we could come across in our daily lives. ~80% of an average person’s annual radiation exposure comes from natural sources, such as sunlight, soil and water, while ~18% comes from man-made sources such as computers, cell phones and x-rays. Less than only 1% comes from the nuclear industry, including uranium exploration and mining.

Radiation Chart

Source: U3O8 Corporation. May not add up to 100% due to rounding.

Tax & Resources

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PFIC Statements

“PFIC” stands for “Passive Foreign Investment Company.” A foreign corporation such as the Sprott Physical Uranium Trust will be treated as a PFIC for any taxable year if either of the following is true: (a) more than 75% of its gross income is from passive sources or (b) at least 50% of its assets are held for the production of passive income.

Sign-up to have your annual PFIC statements delivered to you electronically.

Tax Forms for U.S. Investors

Measuring Radiation Exposure

Radiation stemming from nuclear energy is far less when compared to activities not commonly associated with nuclear activities, such as flying on an airplane or interacting with more traditional energy sources.

Millirems of Radiation (mrem)
5,000 Annual U.S. regulatory radiation limit for an adult
500 One transcontinental round trip flight
360 Average person’s annual exposure from all sources
20 Living one year outside a coal plant
2 Living one year outside a nuclear power plant
Source: U3O8 Corporation.

Uranium Plant

How to Purchase

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Sprott Physical Uranium Trust

Ticker Symbols U.U ($US)
U.UN ($CA)
CUSIP 85210A104
ISIN CA85210A1049

Sprott Physical Uranium Trust units trade in both U.S. and Canadian dollars.

Trust units can be purchased or sold like any regular equity security through financial advisors, full-service brokers and discount brokers. Your units will be held in your name through the third-party financial professional. Units can be purchased or sold through Sprott financial professionals: in the U.S. via Sprott Global Resource Investments at 800.477.7853 and in Canada via Sprott Capital Partners at 855.943.8099. Both firms are affiliates of the Trusts.

Contact Us

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Financial Advisors and Individual Investors

Telephone: 888.622.1813
Email: uranium@sprott.com

Sprott Sales Territory Map 2021

Institutional Investors

Contact: Glen Williams, Managing Director, Investor and Institutional Client Relations; Head of Corporate Communications, Sprott Inc.
Telephone: 416.943.4394
Email: gwilliams@sprott.com

 

Contact Us

Please contact the Sprott Team at 888.622.1813 for more information, or answers to your questions. You can also email us at uranium@sprott.com.


The Sprott Physical Uranium Trust is generally exposed to the multiple risks that have been identified and described in the Management Information Circular and the Prospectus. Please refer to the Management Information Circular or the Prospectus for a description of these risks.

Forward Looking Statements
1The above update contains forward-looking information within the meaning of applicable Canadian securities laws ("forward-looking statements"). Forward-looking statements in this update include, without limitation, statements regarding expected future compliance with Rule 15-c-211 and the resumption of regular trading of the SRUUF ticker once OTC Markets confirms that the Trust has satisfied its public information eligibility requirements. With respect to the forward-looking statements contained in this update, the Trust has made numerous assumptions regarding, among other things: its ability to satisfy the requirement of the OTC Markets in a timely manner, or at all. While the Trust considers these assumptions to be reasonable, these assumptions are inherently subject to significant business, economic, competitive, market and social uncertainties and contingencies. Additionally, there are known and unknown risk factors that could cause the Trust's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements contained in this update. A discussion of these and other risks and uncertainties facing the Trust appears in the Trust's continuous disclosure filings, which are available at www.sedar.com. All forward-looking statements herein are qualified in their entirety by this cautionary statement, and the Trust disclaims any obligation to revise or update any such forward-looking statements or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments, except as required by law.

Past performance is not an indication of future results. All data is in U.S. dollars unless otherwise noted. The information provided is general in nature and is provided with the understanding that it may not be relied upon as, nor considered to be tax, legal, accounting or professional advice. Readers should consult with their own accountants and/or lawyers for advice on their specific circumstances before taking any action. Sprott Asset Management LP is the investment manager to the Sprott Physical Uranium Trust (the “Trust”). Important information about the Trust, including the investment objectives and strategies, applicable management fees, and expenses, is contained in the Management Information Circular and the Prospectus. Please read the Management Information Circular and the Prospectus carefully before investing. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. The information contained herein does not constitute an offer or solicitation to anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Views expressed regarding a particular company, security, industry or market sector should not be considered an indication of trading intent of any investment funds managed by Sprott Asset Management LP. These views are not to be considered as investment advice nor should they be considered a recommendation to buy or sell.

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