Put a post in LOT about Sprott and 100,000,000 yesterday.

Its now 200,000,000 of buying pressure for yellow cake

Sprott Physical Uranium Trust Announces Upsized US$200 Million Bought Deal Financing

Sprott Physical Uranium Trust Announces Upsized US$200 Million Bought Deal Financing

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Sprott Physical Uranium Trust

Jun 16, 2025, 09:15 ET

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/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES./

TORONTO, June 16, 2025 /CNW/ - Sprott Inc. (NYSE: SII) (TSX: SII) ("Sprott") on behalf of the Sprott Physical Uranium Trust (TSX: U.UN) (TSX: U.U) ("SPUT" or the "Trust") is pleased to announce that as a result of strong investor demand, the Trust has amended its agreement with Canaccord Genuity Corp. (the "Underwriter"), pursuant to which the Underwriter has agreed to purchase 11,600,000 units of the Trust (the "Units") at a price of US$17.25 per Unit (the "Offering Price") for aggregate gross proceeds of US$200,100,000 (the "Offering"). The net proceeds per Unit to be received by the Trust will be not less than 100% of the most recently calculated net asset value of the Trust per Unit prior to the determination of the pricing of the Offering.

The net proceeds of the Offering will be used by the Trust to acquire physical uranium in the form of uranium oxide in concentrates and uranium hexaflouride and related fees and expenses in accordance with the Trust's objective and subject to the Trust's investment and operating restrictions.

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