Wall St. For Main St., Released on 9/13/21

Sprott Physical Uranium Trust Announces Filing of Amended and Restated Base Shelf Prospectus by US$1.0 billion and allows the Trust to issue up to US$1.3 billion of units of the Trust in Canada during the 25-month period following the date of the Original Shelf Prospectus: https://www.globenewswire.com/news-re…

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Sprott Asset Management LP (“Sprott Asset Management”), on behalf of the Sprott Physical Uranium Trust (TSX: U.UN) (TSX: U.U) (the “Trust”), a closed-ended trust created to invest and hold substantially all of its assets in physical uranium, today announced that the Trust has filed and obtained a receipt from securities regulatory authorities in each of the provinces and territories of Canada for its amended and restated short form base shelf prospectus (the “Amended and Restated Shelf Prospectus”) amending and restating its short form base shelf prospectus dated August 10, 2021 (the “Original Shelf Prospectus”). The Amended and Restated Shelf Prospectus increases the amount available under the Original Shelf Prospectus by US$1.0 billion and allows the Trust to issue up to US$1.3 billion of units of the Trust in Canada during the 25-month period following the date of the Original Shelf Prospectus.

“Our ‘at-the-market’ equity program has been very well received by investors. Since its launch on August 17, 2021, the Trust has issued 24.7 million units for gross proceeds of approximately US$244.7 million,” said John Ciampaglia, CEO of Sprott Asset Management. “The amount available under our Amended and Restated Shelf Prospectus is expected to allow the Trust to continue to meet investor demand by issuing new units and actively accumulate physical uranium.”

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Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason’s work at his blog website at www.jasonburack.com.

  investing, Jason Burack, short squeeze, Sprott, uranium