Core Points - Metalsource Mining Inc. announced a non-brokered private placement of up to 20,000,000 units at a price of $0.20 per unit, aiming for gross proceeds of up to $4,000,000 [1] - Eric Sprott will lead the offering by subscribing for 5,000,000 units, totaling $1,000,000 [1] Offering Details - Each unit consists of one common share and one-half of a transferable common share purchase warrant, with each whole warrant allowing the purchase of one additional common share at CAD $0.30 for three years [2] - The proceeds will be used for exploration at the Silver Hill and Byrd-Pilot projects in North Carolina, the Aruba manganese project in Botswana, and for general working capital [3] Strategic Focus - The company aims to modernize exploration at Silver Hill, a historic silver mine, and expand known silver zones to build an updated mineral resource estimate [4] - Byrd-Pilot project offers potential for large-scale gold-copper porphyry discovery, providing shareholders with exposure to both high-grade silver and district-scale opportunities [4] Company Overview - Metalsource Mining Inc. is engaged in the acquisition, exploration, and development of mineral property assets, focusing on precious and base metal properties [5] - The Aruba Property in Botswana covers 4,663 square kilometers and is prospective for platinum group metals, gold, silver, and manganese [5]

Core Insights - Gold prices in Vietnam are declining, with local prices still significantly higher than global rates, indicating a notable market disparity [1][7] - The global gold market is experiencing an upward trend, driven by concerns over the U.S. labor market and expectations of a Federal Reserve rate cut [3][8] - Year-to-date, gold prices have increased by approximately 39%, influenced by a weak dollar and strong central bank purchases [6] Local Market Analysis - The price of gold bars from the Saigon Jewelry Company decreased by 1.43% to VND131.4 million (approximately US$4,980.1) per tael [1] - Gold ring prices also fell by 1.23% to VND128 million per tael, with a tael weighing about 37.5 grams [2] Global Market Dynamics - Spot gold prices rose by 0.5% to $3,651.92 per ounce, nearing a record high, with a weekly appreciation of 1.8% [4] - U.S. gold futures for December delivery increased by 0.5% to $3,690.30, reflecting positive market sentiment [4] Expert Predictions - Experts predict that gold could soon reach or exceed the $3,700 mark, with short-term resistance anticipated around $3,900 [5][9] - The long-term outlook for gold remains positive due to its under-ownership by institutions, suggesting potential for significant growth [5][9]

Industry Overview - The uranium mining industry in the United States is experiencing a revival, particularly in the Southwest, driven by economic and political factors [1][2] - States such as Arizona, Colorado, New Mexico, Texas, and Utah are witnessing new uranium resource releases, expedited permitting, and the initiation of production and processing activities after years of downturn [1][2] Supply and Demand Dynamics - The uranium sector is responding to rising prices and demand signals, with producers previously inactive now seeking to create a supply response [2] - The U.S. primarily imports uranium, but there is a concerted effort to align domestic supply with increasing demand for nuclear energy, supported by higher spot prices and government backing [2] Recent Developments - Global Uranium and Enrichment's Maybell project in Colorado has reported an initial resource estimate of 3.2 million inferred tonnes grading 849 ppm U3O8, marking a significant development in the region [3][4] - The Maybell project is noted as the second largest initial hard rock uranium resource in the Southwest since the closure of Denison Mines' Topaz operation in 2009 [3] Production Trends - Domestic uranium production has seen fluctuations, with a peak of 43.7 million lb. U3O8 in 1980, declining to a low of 174,000 lb. U3O8 in 2019, and then rising to 700,000 lb. U3O8 in 2024 [8][9][11] - Key facilities contributing to this production include EnCore Energy's Alta Mesa and Rosita ISR facilities in Texas, which had been idle for over a decade before restarting [10][11] Permitting and Regulatory Environment - The Trump administration's initiatives to expedite development permitting have positively impacted uranium projects, with several projects receiving FAST-41 covered status [12][13] - The U.S. Department of the Interior has approved projects under accelerated environmental review timelines, facilitating quicker development [13] Challenges and Future Outlook - Despite the positive developments, the uranium industry faces challenges in bringing new discoveries to market due to the lengthy permitting process and the complexities associated with radioactive materials [14][15] - There is optimism regarding the revival of uranium production in the U.S., supported by government incentives and clearer policies, although it is acknowledged that this process will take time [15]

Core Viewpoint - Eric Sprott has increased his holdings in STLLR Gold Inc, acquiring additional shares which now represent a significant portion of the company's outstanding shares [1][2]. Group 1: Acquisition Details - On September 11, 2025, 2176423 Ontario Ltd., beneficially owned by Eric Sprott, acquired 275,900 common shares of STLLR Gold Inc. at an average price of $1.1357 per share, totaling approximately $313,340.63 [1]. - Following this acquisition, Mr. Sprott's total beneficial ownership increased to 10,869,795 shares, representing approximately 8.8% of the outstanding shares on a non-diluted basis [2]. Group 2: Ownership Structure - Prior to the acquisition, Mr. Sprott owned 10,593,895 shares and 1,870,500 warrants, which accounted for about 8.5% of the outstanding shares on a non-diluted basis and 9.9% on a partially-diluted basis [2]. - The recent acquisition has pushed his ownership above 10% of the outstanding shares on a partially-diluted basis, assuming the exercise of the warrants [2]. Group 3: Investment Intentions - The shares were acquired for investment purposes, with a long-term view, and Mr. Sprott may consider acquiring additional securities or selling existing ones based on market conditions and other relevant factors [3].

Company Overview - Sprott Asset Management USA, Inc. is a wholly-owned subsidiary of Sprott Inc., focusing on precious metals and critical materials investments [3] - The company operates globally with offices in Toronto, New York, Connecticut, and California [3] - Sprott's investment strategies include Exchange Listed Products, Managed Equities, and Private Strategies [3] Management Changes - As of September 10, 2025, Andrew Hicks is no longer a portfolio manager of the Sprott Funds Trust [1] - Ryan Mischker and Charles Perkins will continue as portfolio managers at ALPS Advisors, Inc., responsible for the day-to-day management of the funds [2] Fund Characteristics - The Sprott Active Metals & Miners ETF, Sprott Active Gold & Silver Miners, and Sprott Silver Miners & Physical Silver ETFs are new with limited operating history [8] - The funds are non-diversified and can invest a greater portion of assets in individual issuers, particularly in the natural resources and precious metals sectors [6] - Shares of the funds are not individually redeemable and are traded on a secondary market [7]

Core Viewpoint - Sprott Inc. has launched the Sprott Active Metals & Miners ETF (METL), an actively managed ETF aimed at long-term capital appreciation by investing in companies across the metals and mining industry lifecycle, including miners, recyclers, and royalty and streaming companies associated with high-demand strategic metals [1][2]. Investment Strategy - METL employs a value-oriented and contrarian investment strategy, focusing on undervalued companies with strong long-term fundamentals or growth potential that are currently out of favor with investors [2]. - The investment team combines top-down sector analysis with bottom-up stock selection, leveraging decades of collective experience in the metals and mining industry [2]. Management Team - The investment team is led by Senior Portfolio Manager & Economic Geologist Justin Tolman, along with other experienced professionals including Maria Smirnova, Shree Kargutkar, and Victor Huwang [2]. Market Positioning - Sprott's investment team conducts around 200 management meetings annually within the mining sector and performs up to 30 mining site visits to assess asset potential and identify challenges [3]. - The ETF aims to create a dynamic portfolio of essential materials miners, including those involved in copper, uranium, silver, steel, and lithium, which are critical for energy independence and national security [3]. ETF Features - METL combines the benefits of active management with the flexibility of an ETF, offering daily transparency, liquidity, and potential tax efficiency [3]. - It is part of Sprott's expanding portfolio of ETFs, which includes various other specialized funds targeting precious metals and critical materials [3][4]. Company Overview - Sprott is a global asset manager focused on precious metals and critical materials investments, with a strategy that includes Exchange Listed Products, Managed Equities, and Private Strategies [6]. - The company operates offices in Toronto, New York, Connecticut, and California, and is listed on both the New York Stock Exchange and the Toronto Stock Exchange under the symbol SII [6].

Group 1 - The global demand for uranium from nuclear reactors is projected to increase by one-third to 86,000 tons by 2030 and reach 150,000 tons by 2040, according to the World Nuclear Association [3][4] - The current uranium market is undergoing significant changes, with supply-demand imbalances leading to a surge in spot prices from $30 per pound in 2020 to around $80 per pound currently, with a peak exceeding $100 per pound [1][7] - The Sprott Physical Uranium Trust has raised $200 million to purchase physical uranium, indicating strong demand in the market [1][6] Group 2 - A significant supply gap is expected as existing uranium mines are projected to deplete by 50% between 2030 and 2040, threatening the revival of nuclear power [3][4] - The global nuclear power capacity is expected to double to 746 GW by 2040, necessitating increased investment in uranium mining and processing facilities [4][5] - The demand for nuclear energy is being driven by geopolitical factors, such as the desire of European countries to reduce dependence on Russian gas, and the growing energy needs from data centers and electric vehicles [4][5] Group 3 - Major uranium producers are facing challenges, with some announcing production cuts due to aging mines, and new projects taking 6 to 8 years to come online [4][6] - Analysts from Morgan Stanley and Citigroup have a bullish outlook on uranium prices, predicting prices could rise to $87 per pound by Q4 2025 and potentially reach $100 per pound by 2026 [7][8] - The development of small modular reactors (SMRs) is expected to account for 20% of total uranium demand by 2040, further influencing market dynamics [7]

TORONTO, Sept. 03, 2025 (GLOBE NEWSWIRE) -- Sprott Asset Management LP (“Sprott Asset Management”), a wholly-owned subsidiary of Sprott Inc., on behalf of the Sprott Physical Uranium Trust (TSX: U.UN) (TSX: U.U) (“SPUT” or the “Trust”) today announced that the Bourse de Montreal began listing options on the Sprott Physical Uranium Trust (“SPUT”) on September 2, 2025. “We are pleased to announce that SPUT is the first physical uranium vehicle to offer option trading, further building on its leading market po ...

Group 1: Market Overview - Gold has seen a record-breaking spike in market value due to rising uncertainties in the global economy and geopolitical tensions, leading to increased interest in silver as a similarly valuable asset [1][2] - Silver's demand profile is appealing to retail investors, as it serves both as a store of value and a critical industrial material [2][4] Group 2: Industrial Demand and Supply Dynamics - Silver's unique properties, such as electrical and thermal conductivity, make it essential in various sectors, including electronics and medical applications [3] - The global silver supply has been unable to keep pace with demand for seven consecutive years, with industrial demand now accounting for 59% of silver usage [4] Group 3: Price Trends and Forecasts - Since the beginning of the year, the spot price of silver has risen approximately 30%, indicating strong market interest [5] - A recent analysis shows a balanced trend in silver prices over the past 10 weeks, with an equal number of up and down weeks, suggesting potential for continued price movement [6] - Conditional forecasts indicate an upside target of $41.65 and a downside target of $38.11 for silver over the next 10 weeks [8] Group 4: Investment Vehicles - The Sprott Silver Miners & Physical Silver ETF (SLVR) is the only ETF focused solely on silver miners and physical silver, aiming to track the performance of the Nasdaq Sprott Silver Miners Index [12][13] - Since its launch in January, the SLVR ETF has gained over 58%, benefiting from the performance of the silver mining sector [15] - Future projections for SLVR suggest an upside target of $36.54 and a downside target of $33.44 over the next 10 weeks, with potential for a sustained upward trend if certain technical patterns emerge [17]

Group 1 - Eric Sprott's corporation, 2176423 Ontario Ltd., acquired 4,760,000 Units of Emerita Resources Corp. at $1.05 per Unit, totaling $4,998,000 [1] - Following the acquisition, Sprott's total beneficial ownership increased to 25,214,544 Shares, representing approximately 8.7% of the outstanding Shares on a non-diluted basis [2] - The acquisition resulted in a decrease in holdings on a partially-diluted basis of approximately 1.2% since the last filing, bringing total holdings below 10%, thus ceasing to be insiders of Emerita Resources Corp. [2] Group 2 - The securities are held for investment purposes, with a long-term view, and Sprott may acquire or sell additional securities depending on market conditions [3]