11:48 AM EDT, 06/20/2025 (MT Newswires) -- Sprott (SII.TO) on behalf of Sprott Physical Uranium Trust , on Friday said it closed its upsized bought-deal public offering for proceeds of US$200 million.

Proceeds will be used by the Trust to buy physical uranium in the form of uranium oxide in concentrates and related fees and expenses in accordance with its objective and subject to its investment and operating restrictions.

"The long-term investment thesis for uranium continues to improve as a nuclear renaissance unfolds globally with announcements around plant life extensions and new builds accelerating, supported by new government policies," said Sprott Asset Management Chief Executive John Ciampaglia.

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