Sprott Inc 6-K, filed Sep 6, 2023
Sprott Inc. (SII)
About this 6-K
Sprott Inc filed this 6-K on September 6, 2023.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934
| For the month of | September | 2023 | |
| Commission File Number | 001-39298 |
| Sprott Inc. |
| (Translation of registrant’s name into English) |
|
Suite 2600, 200 Bay Street Royal Bank Plaza, South Tower Toronto, Ontario, Canada M5J 2J1 |
| (Address of principal executive offices) |
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ¨ Form 40-F x
DOCUMENTS INCLUDED AS PART OF THIS REPORT
| Exhibit | |
| 99.1 | Press Release dated September 6, 2023 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Sprott Inc. | ||||||
| (Registrant) | ||||||
Date: |
September 6, 2023 |
By: |
/s/ Kevin Hibbert | |||
| Name: | Kevin Hibbert | |||||
| Title: | Senior Managing Director and Chief Financial Officer | |||||
Exhibit 99.1
Sprott Private Resource Streaming and Royalty Annex Fund Completes Final Closing
TORONTO, Sep. 6, 2023 (GLOBE NEWSWIRE) -- Sprott Inc. (“Sprott” or the “Company”) (NYSE/TSX:SII) today announced that the Sprott Private Resource Streaming and Royalty Annex Fund (the “Annex Fund”) has completed its final closing, raising a total of U.S.$310 million. With the close of the Annex Fund, total assets under management of Sprott Resource Streaming and Royalty Corp. (“Sprott Streaming”) stands at U.S.$1.1 billion within the Company’s private strategies segment.
“We are pleased with the successful closing of the Annex Fund,” said Michael Harrison, Managing Partner of Sprott Streaming. “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. Through our investments, we have partnered with nineteen developers and producers, and have developed a strong pipeline of opportunities, while growing cash distributions paid to investors.”
“We appreciate the support from the limited partners that have invested in the Annex Fund and those existing investors that increased their investment commitment to the streaming and royalty strategy. We seek to provide our investors with diversified long duration exposure to commodity prices and production levels across precious and base metals with a focus on materials required for batteries and the energy transition,” said Caroline Donally, Managing Partner of Sprott Streaming. “Limited partners in the Annex Fund include large public pension plans, foundations, endowments and family offices.”
About Sprott
Sprott is a global leader in precious metal and energy transition investments. We are specialists. Our in-depth knowledge, experience and relationships separate us from the generalists. Our investment strategies include Exchange Listed Products, Managed Equities and Private Strategies. Sprott has offices in Toronto, New York and Connecticut and the company’s common shares are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol (SII). For more information, please visit www.sprott.com.
About Sprott Streaming
Sprott Streaming provides flexible, creative structured financing solutions to mining companies. In return for an up-front payment, royalties and streams share in a project’s long term revenues and metal production respectively in a way that aligns financing with the production schedule. Sprott Streaming evaluates investment opportunities globally across a diversified set of commodities, including precious, base and energy transition metals.
Investor contact information:
Glen Williams
Managing Partner
Investor and Institutional Client Relations;
Head of Corporate Communications
(416) 943-4394
gwilliams@sprott.com