URNM Sprott Uranium Miners ETF

Sprott Asset Management LP (“Sprott”) today announced the launch of the Sprott Nickel Miners ETF (Nasdaq: NIKL), the only1 U.S.-listed ETF focused on nickel mining companies that are providing a critical mineral necessary for the clean energy transition. The ETF is the most recent addition to Sprott’s suite of energy transition-focused ETFs.

“Nickel is a vital component in the rechargeable batteries used for hybrid and electric vehicles [EVs] and clean energy storage,” said John Ciampaglia, CEO of Sprott Asset Management. “Automakers have begun adding more nickel to EV batteries to increase their drivable range.2 Demand for this critical mineral for use in EVs and battery storage may increase nearly 20 times by 2040, relative to 2020.3 We believe nickel producers are well positioned to benefit from the significant investment required to fund the energy transition.”

The Sprott Nickel Miners ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Nickel Miners™ Index (NSNIKL™). The Index is designed to track the performance of a selection of global securities in the nickel industry, including nickel producers, developers and explorers.

This new ETF joins Sprott’s energy transition fund suite, which is focused on the investment opportunity of the critical minerals needed to generate, transmit and store cleaner energy. The suite now comprises:

Sprott Energy Transition Materials ETF	Nasdaq: SETM	Seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Energy Transition Materials™ Index (NSETM™). The Index is designed to track the performance of a selection of global securities in the energy transition materials industry.
Sprott Lithium Miners ETF	Nasdaq: LITP	Seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Lithium Miners™ Index (NSLITP™). The Index is designed to track the performance of a selection of global securities in the lithium industry, including lithium producers, developers and explorers.
Sprott Uranium Miners ETF	NYSE Arca: URNM	Seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the North Shore Global Uranium Mining Index (URNMX). The Index is designed to track the performance of companies that devote at least 50% 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.
Sprott Junior Uranium Miners ETF	Nasdaq: URNJ	Seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Junior Uranium Miners™ Index (NSURNJ™), which is designed to track the performance of mid-, small- and micro-cap companies in uranium mining-related businesses.
Sprott Junior Copper Miners ETF	Nasdaq: COPJ	Seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Junior Copper Miners™ Index (NSCOPJ™), which is designed to track the performance of mid-, small- and micro-cap companies in copper mining-related businesses.
Sprott Nickel Miners ETF	Nasdaq: NIKL	Seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Nickel Miners™ Index (NSNIKL™). The Index is designed to track the performance of a selection of global securities in the nickel industry, including nickel producers, developers and explorers.
Sprott Physical Uranium Trust	TSX: U.U ($US), U.UN ($CA)	Seeks to provide a secure, convenient and exchange-traded investment alternative for investors interested in holding physical uranium.

1 Based on Morningstar’s universe of Natural Resources Sector Equity ETFs as of 3/21/2023.2 Source: The Nickel Institute, March 2023.3 Source: “The Role of Critical Minerals in Clean Energy Transitions,” International Energy Agency (IEA), May 2021.

About Sprott Inc.Sprott Inc. is a global leader in precious metal and energy transition investments. We are specialists. Our in-depth knowledge, experience and relationships separate us from the generalists. Our investment strategies include Exchange Listed Products, Managed Equities and Private Strategies. Sprott has offices in Toronto, New York and London, and the company’s common shares are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol (SII).

Contact:Glen WilliamsManaging PartnerInvestor and Institutional Client RelationsDirect: (416) 943-4394gwilliams@sprott.com

Dan GagnierGagnier CommunicationsDirect: (646) 569-5897sprott@gagnierfc.com

Important Disclosures

The Sprott Energy Transition ETFs are made up of the following: Sprott Energy Transition Materials ETF (SETM), Sprott Lithium Miners ETF (LITP), Sprott Uranium Miners ETF (URNM), Sprott Junior Uranium Miners ETF (URNJ), Sprott Junior Copper Miners ETF (COPJ) and Sprott Nickel Miners ETF (NIKL). Before investing, you should consider each Fund’s investment objectives, risks, charges and expenses. Each Fund’s prospectus contains this and other information about the Fund and should be read carefully before investing.

Prospectuses can be obtained by calling 888.622.1813 or by visiting https://sprottetfs.com/setm/prospectus, https://sprottetfs.com/litp/prospectus, https://sprottetfs.com/urnm/prospectus, https://sprottetfs.com/urnj/prospectus, https://sprottetfs.com/copj/prospectus or https://sprottetfs.com/nikl/prospectus.

The Funds are not suitable for all investors. There are risks involved with investing in ETFs, including the loss of money. The Funds are non-diversified and can invest a greater portion of assets in securities of individual issuers than a diversified fund. As a result, changes in the market value of a single investment could cause greater fluctuations in share price than would occur in a diversified fund.

Exchange Traded Funds (ETFs) are bought and sold through exchange trading at market price (not NAV) and are not individually redeemed from the Fund. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns. "Authorized participants" may trade directly with the Fund, typically in blocks of 10,000 shares.

Funds that emphasize investments in small/mid-cap companies will generally experience greater price volatility. Diversification does not eliminate the risk of experiencing investment losses. ETFs are considered to have continuous liquidity because they allow for an individual to trade throughout the day. A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, affect the Fund’s performance.

Nasdaq®, Nasdaq Sprott Energy Transition Materials™ Index, NSETM™, Nasdaq Sprott Lithium Miners™ Index, NSLITP™, Nasdaq Sprott Junior Uranium Miners™ Index, NSURNJ™, Nasdaq Sprott Junior Copper Miners™ Index, NSCOPJ™, Nasdaq Sprott Nickel Miners™ index and NSNIKL™ are registered trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed for use by Sprott Asset Management LP. The Product(s) have not been passed on by the Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S).

ALPS Distributors, Inc. is the Distributor for the Sprott Funds Trust and is a registered broker-dealer and FINRA Member. Sprott Asset Management LP is the investment advisor to the Sprott ETFs.

ALPS Distributors, Inc. is not affiliated with Sprott Asset Management LP.

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