TORONTO, Jan. 27, 2022 (GLOBE NEWSWIRE) -- Sprott Inc. (“Sprott” or the “Company”) (NYSE/TSX:SII) today announced that the Sprott Private Resource Streaming and Royalty Fund (the “Fund”) has completed its final closing, raising U.S.$701 million, including syndication capital raised from a large institutional asset manager, that was added to Sprott’s assets under management. Sprott Resource Streaming and Royalty Corp. is the general partner of the Fund.
“We are pleased with the successful closing of our streaming and royalty fund,” said Michael Harrison, Managing Partner of Sprott Resource Streaming and Royalty Corp. “The global market for metals is growing and we are well positioned to provide financing to miners to acquire and bring projects into production to meet increased metal demand. We have deployed more than U.S.$145 million through eight separate transactions partnering with developers and producers, and have a strong pipeline of opportunities.”
“We appreciate the support from our limited partners who have entrusted us to provide them with diversified long duration exposure to commodity prices and production levels across precious and base metals with a focus on materials required for energy transition,” said Caroline Donally, Managing Partner of Sprott Resource Streaming and Royalty Corp. “Limited partners in the Fund include large public pension plans, foundations and family offices.”
Sprott is a global leader in precious metal and real asset investments. With offices in Toronto, New York, and London, Sprott is dedicated to providing investors with specialized investment strategies that include Exchange Listed Products, Managed Equities, Lending, and Brokerage. Sprott’s common shares are listed on the New York Stock Exchange under the symbol (NYSE:SII) and on the Toronto Stock Exchange under the symbol (TSX:SII). For more information, please visit www.sprott.com.
Sprott Private Resource Streaming and Royalty
The Fund provides structured financing solutions to mining companies. In return for an up-front payment, royalties and streams share in a project’s longer term metal production that aligns financing with the production schedule. The Fund evaluates investment opportunities globally across a diversified set of commodities.
Investor contact information:
Investor and Institutional Client Relations;
Head of Corporate Communications
You are now leaving Sprott.com and entering a linked website. Sprott has partnered with ALPS in offering Sprott ETFs. For fact sheets, marketing materials, prospectuses, performance, expense information and other details about the ETFs, you will be directed to the ALPS/Sprott website at SprottETFs.com.Continue to Sprott Exchange Traded Funds
You are now leaving Sprott.com and entering a linked website. Sprott Asset Management is a sub-advisor for several mutual funds on behalf of Ninepoint Partners. For details on these funds, you will be directed to the Ninepoint Partners website at ninepoint.com.Continue to Ninepoint Partners
You are now leaving sprott.com and linking to a third-party website. Sprott assumes no liability for the content of this linked site and the material it presents, including without limitation, the accuracy, subject matter, quality or timeliness of the content. The fact that this link has been provided does not constitute an endorsement, authorization, sponsorship by or affiliation with Sprott with respect to the linked site or the material.Continue