06:15 AM EDT, 06/16/2025 (MT Newswires) -- Sprott Inc. ( SII ) , on behalf of the Sprott Physical Uranium Trust (U-UN.TO), on Monday announced a bought deal financing agreement expected to raise approximately US$100 million.

Sprott entered an agreement with Canaccord Genuity, under which Canaccord as the underwriter agreed to purchase on a bought deal basis 5.8 million units of the Trust at US$17.25 per unit.

Proceeds from the offering will be used by the Trust to acquire physical uranium in the form of uranium oxide in concentrates and uranium hexafluoride and related fees and expenses.

The offering is scheduled to close on June 20 and is subject to regulatory approval, including TSX approval.