09:14:31 EDT Fri 23 Aug 2019
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Sprott Inc
Symbol C : SII
Shares Issued 252,843,869
Close 2019-02-05 C$ 2.49
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Sprott, Tocqueville to JV for gold equities investment

2019-02-06 08:13 ET - News Release

Mr. Whitney George reports


Sprott Inc., via its subsidiary Sprott U.S. Holdings Inc., and Tocqueville Asset Management have entered into a joint venture agreement to co-manage a new gold equities investment strategy. The partnership between Sprott and Tocqueville brings together two leading names in precious metals to create a new investment platform.

"We are pleased to partner with John Hathaway and the Tocqueville team to offer this new strategy to investors," said Whitney George, president of Sprott. "John is one of the most respected investors in the precious metals sector and Sprott is a recognized leader in the space, with a global brand and platform. By combining the strengths of both our teams we will offer investors a unique precious metals investment strategy."

"The gold industry is currently at the beginning stages of a wave of consolidation, which creates compelling opportunities for those able to identify the companies best positioned to benefit from the sector's new reality," said John Hathaway, senior portfolio manager of Tocqueville. "Sprott has a long history of financing mining companies and a team of technical and M&A specialists that know the sector as well as anyone. We look forward to partnering with them on this new venture."

The objective of the strategy is to invest in low-risk/high reward opportunities through a concentrated portfolio of public gold mining companies where the co-managers can help bridge the gap in access to financing, value realization and market perception.

About Sprott Inc.

Sprott is an alternative asset manager and a global leader in precious metal and real asset investments. Through its subsidiaries in Canada, the United States and Asia, the company is dedicated to providing investors with best-in-class investment strategies that include exchange-listed products, alternative asset management and private resource investments. The company also operates merchant banking and brokerage businesses in both Canada and the U.S. Sprott is based in Toronto with offices in New York, Carlsbad and Vancouver, and its common shares are listed on the Toronto Stock Exchange.

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