10 Cent Party, page-2064

URA will have to wait until again July (where Daily Volume starts to count late April).

URNM which will soon be Sprott Uranium Miners ETF (so as of 01/01/2022) the old wording is found here
https://fintel.io/doc/sec-exchange-traded-concepts-trust-497k-2020-december-22-18618-763
The old wording which was >$25M USD MC, and tiered buckets didn't include EPM nor AGE etc Sept round, so it was bit odd index composition criteria it not as transparent.

EPM will have a Uranium Royalty + 30% shares in Oz Yellow. (So corporate action probably in April 2022).
So it's the interpretation of the "50% of their Assets". It might be taken up in March, then the spin-out will occur.





But the current uranium exposure will likely attract arbitrage interest as the corporate action which is EGM/AGM Feb 2022 to approve the divestment / same day or next day filing of hte Oz Yellow Prospectus ---> April 2022.

Meaning by the time IPO is listed (or even divestment is voted on), .... the 20 cents valuation of the OZ Yellow shares will look extremely cheap, as the prospectus is "frozen" in for ASX review, and the market starts to shift progressively upwards.

SPUT will already be in the URA (which is next couple of weeks).
EU Taxonomy (last feedback 21 Jan 2022).
URNM would be changed over to Sprott (~april 2022).

We shouldn't be stuck at $45lb uranium spot much longer. the European money has no where to be parked except, Australia and Canada.

SPUT on NYSE being H2 2022, might give regular punters a chance to get into Oz Yellow at IPO price of 20 cents with some tremendous upside.
If it were sooner, there would be absolutely no breathing space for the corporate action. i.e. $45lb Uranium spot price, on prospectus, suddenly smashing $100lb Uranium spot price, before anything has happened. i.e. 20 cents ---> $1+.

This is all hypothetical; but I am assuming the OZ yellow shares will be held (and held on for dear life by EPM holders, EPM itself). So when IPO does come the supply of shares will be moderately low, and demand will be high.