RETRANSMISSION: Manganese X Energy Corp. Announces Conversion of Subscription Receipts from $2.1 Million Private Placement, Including Investment from New Control Person Eric SprottMarch 06, 2025 7:00 AM EST | Source: Manganese X Energy Corp.Montreal, Quebec--(Newsfile Corp. - March 6, 2025) - Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC) (TRADEGATE: 9SC) ("Manganese X" or the "Company") is pleased to announce that following the closing of its $2,100,000 offering (the "Offering") of 60,000,000 ...

Core Viewpoint - Manganese X Energy Corp. has successfully closed a $2.1 million offering, converting subscription receipts into units and releasing escrowed funds to advance its Battery Hill Project in New Brunswick [1][2][4]. Group 1: Offering Details - The offering consisted of 60,000,000 subscription receipts priced at $0.035 each, resulting in gross proceeds of $2,100,000 [1]. - A significant portion of the offering, 57,142,857 subscription receipts, was issued to 2176423 Ontario Ltd., controlled by Eric Sprott, for gross proceeds of $2,000,000 [2]. - Each unit from the offering includes one common share and one-half of a share purchase warrant, with the whole warrant allowing the purchase of an additional share at $0.06 for 36 months [3]. Group 2: Use of Proceeds - Proceeds from the offering will primarily support the advancement of the Battery Hill Project, including the completion of a pre-feasibility study, with some funds allocated for general working capital [6]. - The company confirms that no proceeds will be used for payments to non-arm's length parties or investor relations activities [6]. Group 3: Company Mission and Goals - Manganese X aims to become the first publicly traded manganese mining company in Canada and the US to commercialize high purity manganese for the EV supply chain [7]. - The company is focused on supplying value-added materials to the lithium-ion battery and alternative energy industries while striving for more efficient and carbon-friendly processing methodologies [7].

Financial Data and Key Metrics Changes - In Q4 2024, the company's AUM decreased by 6% to $31.5 billion from $33.4 billion in the previous quarter, but increased by 10% from $28.7 billion at the end of 2023 [12] - Net income for Q4 was $11.7 million, up 21% from $9.7 million in the same period last year, and full-year net income was $49.3 million, up 18% from $41.8 million [14] - Adjusted base EBITDA for Q4 was $22.4 million, up 19% from $18.8 million year-over-year, and full-year adjusted base EBITDA was $85.2 million, up 18% from $71.9 million [15] Business Line Data and Key Metrics Changes - Managed equity strategies performed well, with certain funds generating performance fees, despite a 9.3% decline in the flagship gold equity fund in Q4 [31] - The private strategies segment had AUM of $2.3 billion as of December 31, 2024, with ongoing monitoring of investments [33] Market Data and Key Metrics Changes - The company experienced strong AUM growth in 2024, driven by rising precious metal prices and nearly $700 million in net sales, primarily in exchange-listed products [9] - The spot uranium price saw a material correction, closing the year down 19.7%, while copper prices fell 20% from their peak [37] Company Strategy and Development Direction - The company plans to continue expanding its exchange-listed product offerings, having launched three critical mineral strategies in 2024 and two new precious metals ETFs in 2025 [39] - The focus on physical ownership of precious metals is emphasized as a key strategy, especially in light of recent market turmoil [41] Management's Comments on Operating Environment and Future Outlook - Management noted that rising precious metals prices were the main driver of asset growth in 2024, a trend that has continued into early 2025 [34] - Concerns over potential tariffs on precious metals have created premium prices in the US market, indicating a need for adaptation in the physical markets [36] Other Important Information - The company became debt-free in Q4 2024 and raised its quarterly dividend by 20% in November [10][16] - The company is committed to returning excess cash flow to shareholders through dividends and share repurchases [82] Q&A Session Summary Question: Expectations for the uranium market and spot prices - Management indicated that uncertainties regarding tariffs and geopolitical factors are creating downward pressure on uranium spot prices, with a lack of clarity expected to persist for the next couple of quarters [50][51] Question: Demand for an ETF focusing on material producers in friendly geographies - Management acknowledged that tariffs could incentivize reshoring of uranium and copper mining in the US, potentially giving local producers a cost advantage [54] Question: Trends in comp ratio for 2025 - Management suggested that the comp ratio is expected to remain in the mid- to high-40% range through 2025 [58] Question: Geographic demand for physical gold ETFs - Management noted that there has been renewed interest in gold products, particularly from US institutions, as they reassess risks in their portfolios [66] Question: Flows for Q1 2025 - The Physical Gold Trust is seeing the most traction and global flows, with expectations for continued interest in gold and silver products [85][87]

2024 Annual Results February 26, 2025 NYSE/TSX:SII Forward-looking Statements Sprott Inc. | 2 Speakers Whitney George, CEO, Sprott Inc. Kevin Hibbert, CFO, Sprott Inc. John Ciampaglia, CEO, Sprott Asset Management Sprott Inc. | 3 2024 Review Certain statements in this presentation or the accompanying oral remarks contain forward-looking information and forward-looking statements (collectively referred to herein as the "Forward-Looking Statements") within the meaning of applicable Canadian and U.S. securitie ...

Contrarian. Innovative. Aligned. 2024 Annual Report A global leader in precious metals and critical material investments Five Year Financial Record | In millions $, except | 2020 | 2021 | 2022 | 2023 | 2024 | | --- | --- | --- | --- | --- | --- | | shareholder return | | | | | | | Net income | 27.0 | 33.2 | 17.6 | 41.8 | 49.3 | | Adjusted base EBITDA | 44.2 | 64.1 | 71.0 | 71.9 | 85.2 | | Dividends | 23.2 | 25.7 | 25.9 | 25.9 | 27.1 | | 5-yr cumulative return (per $100) | 128.29 | 202.97 | 164.39 | 168.82 | ...

TORONTO, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Sprott Inc. (NYSE/TSX: SII) (“Sprott” or the “Company”) today announced its financial results for the year ended December 31, 2024. Management commentary "Sprott’s Assets Under Management (“AUM”) ended the year at $31.5 billion, down 6% from $33.4 billion as at September 30, 2024, but up 10% from $28.7 billion as at December 31, 2023. 2024 was our seventh consecutive year of double-digit AUM growth and, subsequent to year-end, as at February 21, 2025, AUM had furt ...

Core Points - Sprott Inc. has declared a fourth quarter 2024 dividend of US$0.30 per common share, payable on March 25, 2025 [1] - The dividend will be paid in Canadian dollars for registered shareholders in Canada and in U.S. dollars for registered shareholders outside Canada, with options for beneficial holders to elect their currency [2] - The dividend is designated as an eligible dividend for Canadian income tax purposes [3] Company Overview - Sprott is a global asset manager focused on precious metals and critical materials investments, distinguishing itself through in-depth knowledge and specialized investment strategies [4] - The company operates offices in Toronto, New York, Connecticut, and California, and its common shares are listed on both the New York Stock Exchange and the Toronto Stock Exchange under the symbol SII [4]

Group 1 - Sprott Inc. plans to release its 2024 fourth quarter results on February 26, 2025, at 7:00 a.m. ET [1] - An earnings webcast will be hosted at 10:00 a.m. ET on the same day, featuring Sprott's CEO, CFO, and Asset Management CEO [1] - Research analysts covering the company are required to pre-register for the webcast [2] Group 2 - Sprott is a global asset manager specializing in precious metals and critical materials investments [3] - The company employs various investment strategies, including Exchange Listed Products, Managed Equities, and Private Strategies [3] - Sprott operates offices in Toronto, New York, Connecticut, and California, and its shares are listed on both the NYSE and TSX under the symbol SII [3]

Core Viewpoint - Sprott Inc. has launched the Sprott Active Gold & Silver Miners ETF (GBUG), an actively managed ETF aimed at long-term capital appreciation through investments in gold and silver mining companies, as well as royalty and streaming companies [1][2]. Group 1: ETF Overview - GBUG is Sprott's first active ETF, designed to capitalize on the potential catch-up of gold and silver mining stocks, which have historically lagged behind the prices of physical metals [2]. - The ETF combines active management expertise with the flexibility of an ETF structure, offering daily transparency, liquidity, and potential tax efficiency [2]. - The investment strategy of GBUG is value-oriented and contrarian, focusing on long-term business fundamentals and growth potential [1][2]. Group 2: Management Expertise - The investment team managing GBUG has over 100 years of collective experience in metals and mining, conducting more than 200 management meetings annually and periodic site visits to mining operations globally [2]. - Sprott Inc. is recognized for its specialized leadership in precious metals and mining investments, with over four decades of experience in the sector [2]. Group 3: Other Sprott ETFs - GBUG is one of four Sprott Precious Metals ETFs, which also include the Sprott Gold Miners ETF (SGDM), Sprott Junior Gold Miners ETF (SGDJ), and Sprott Silver Miners & Physical Silver ETF (SLVR) [1][2]. - Each of these ETFs has distinct investment strategies aimed at tracking the performance of different segments within the precious metals sector [2].

Group 1 - The Hecht Commodity Report is a comprehensive service covering market movements of over 29 different commodities, providing bullish, bearish, and neutral calls along with actionable trading recommendations [1] - The report offers a free trial and discounts for new subscribers for a limited time [1] - The author has positions in commodities markets, including futures, options, and commodity equities, which can change on an intraday basis [3] Group 2 - The investing group associated with the report provides directional trading recommendations and actionable ideas for traders [2] - The report emphasizes that past performance is not indicative of future results and does not provide specific investment advice [4]