Mr. Whitney George reports

SPROTT ANNOUNCES EXPENSE RATIO REDUCTION FOR SPROTT URANIUM MINERS ETF (NYSE ARCA: URNM)

Sprott Asset Management USA, a wholly owned subsidiary of Sprott Inc., will be charging a unitary fee of 75 basis points for Sprott Uranium Miners ETF, effective April 1, 2024. Previously, Sprott had been publishing a rate of 83 basis points based on a tiered billing structure.

Sprott Uranium Miners ETF is the only pure play U.S.-listed uranium ETF (exchange-traded fund) focused on uranium miners and physical uranium that seeks to invest at least 80 per cent of its total assets in securities of the North Shore Global Uranium Mining Index (URNMX). The index is designed to track the performance of companies that devote at least 50 per cent of their assets to the uranium mining industry, which may include mining, exploration, development and production of uranium (or holding physical uranium), owning uranium royalties, or engaging in other non-mining activities that support the uranium mining industry.

According to Whitney George, chief executive officer of Sprott, "The success of URNM has allowed us to realize cost savings and to pass those savings on to shareholders."

Sprott had approximately $28.7-billion (U.S.) in assets under management (as of Dec. 31, 2023), with nearly $8-billion invested in uranium and uranium equities. Sprott Uranium Miners ETF is part of Sprott's critical materials ETF suite, encompassing seven products.

About Sprott Inc.

Sprott is a global leader in precious metal and critical material investments. Sprott is a specialist. Its in-depth knowledge, experience and relationships separate Sprott from the generalists. The company's investment strategies include exchange-listed products, managed equities and private strategies. Sprott has offices in Toronto, New York, Connecticut and California, and the company's common shares are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol SII.