Sprott Physical Uranium Trust SRUUF

Primary Symbol: T.U.UN

Financial Services Asset Management

Sprott Physical Uranium Trust (the Trust) is a Canada-based closed-end investment trust. The Trust invests and holds substantially all of its assets in physical uranium in the form of uranium oxide in concentrates and uranium hexafluoride (collectively, Uranium). The investment objective of the Trust is to provide a secure, convenient and exchange-traded investment alternative for investors interested in holding physical uranium without the inconvenience that is typical of a direct investment in physical uranium. The Trust intends to achieve its objective by investing primarily in long-term holdings of unencumbered, fully allocated, physical uranium and does not speculate with regard to short-term changes in uranium prices. Sprott Asset Management LP (the Manager) is the manager of the Trust. WMC Energy B.V. is the technical advisor (the Advisor) to the Manager.

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Sprott Physical Uranium Trust

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Post by Betteryear2on Apr 27, 2022 6:24pm

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Post# 34637166

Sprott Physical Uranium Trust Provides Update

This news release constitutes a “designated news release” for the purposes of the Sprott Physical Uranium Trust’s prospectus supplement dated November 22, 2021 to its second amended and restated short form base shelf prospectus dated November 22, 2021.

TORONTO, April 27, 2022 (GLOBE NEWSWIRE) -- Sprott Asset Management LP (“Sprott Asset Management”), on behalf of the Sprott Physical Uranium Trust (TSX: U.UN and U.U) (the “Trust” or “SPUT”), announced today that it has been informed that the U.S. Securities and Exchange Commission (“SEC”) has declined to consider the application submitted earlier this year in respect of a U.S. stock exchange listing for the units of the Trust.

Sprott Physical Uranium Trust Provides Update on Application for U.S. Stock Exchange Listing