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

Uranium Prices Soar After Sprott's $100M Buying Spree

The U3O8 spot price climbed sharply to kick off the week, hitting US$76.21 per pound. Its Monday (June 16) rise is a 9.7 percent gain from the previous week's close of US$69.47, and came after news that the Sprott Physical Uranium Trust (TSX:U.U,OTCQX:SRUUF) had penned a US$100 million bought-deal financing.The financing was upsized to US$200 million the same day "as a result of strong investor demand." Sprott (TSX:SII,NYSE:SII), acting on behal…

Sprott Physical Uranium Trust launches US$200 million bought deal – Resource World Magazine

Sprott Physical Uranium Trust [U.UN-TSX, U.U-TSX], has announced details of an upsized US$200 million bought deal financing. Sprott Uranium Trust is a Toronto-based vehicle set up to give investors direct exposure to the commodity via its holding of U308. Its net asset value per unit stands at $17.04 and there are currently 271.8 million units outstanding. The total net asset value of the trust is $4.6 billion. In its latest press release, Sprott

Sprott to buy $200M of uranium for special fund

The investment comes after spot uranium prices rose about 5.5% in May.

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

/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...