Sprott Asset Management Launches Four New Critical Mineral ETFs

Lithium mining.

Sprott Asset Management LP has announced that four new critical mineral ETFs will be launched, giving investors exposure to critical minerals essential to the storage, transmission, and generation of clean energy. The company is a wholly-owned subsidiary of Sprott inc.

The four funds are as follows, and will track induced that the company developed with Nasdaq, which will list the ETFs on its exchange:

  • Sprott Energy Transition Materials ETF (Nasdaq: SETM)
  • Sprott Lithium Miners ETF (Nasdaq: LITP)
  • Sprott Junior Uranium Miners ETF (Nasdaq: URNJ)
  • Sprott Junior Copper Miners ETF (Nasdaq: COPJ)

The funds join the Sprott Uranium Miners ETF (NYSE Arca: URNM), and Sprott Physical uranium Trust (TSX:U.U, U.UN) under the energy transition fund suite.

Countries around the world are creating new incentives and investing at rates never seen before to fund the transition to clean energy. This shift is creating demand for critical minerals and metals. These materials are needed not only to produce the components of renewable energy, but also to upgrade and maintain existing infrastructure.

By investing in these ETFs, investors can gain exposure to the companies that are engaged in the production, exploration, and development of critical minerals and metals needed to support a transition to clean energy.

Sprott’s ETFs were the first of their kind to offer investors a targeted exposure to the critical minerals and metals required for the energy transition. The funds will provide investors with access to the companies that are actively engaged in the production, exploration, and development of these resources, enabling them to capitalize on the growth opportunity created by the shift to clean energy.

Summary of new Sprott ETFs

SETM seeks to provide investment results that correspond generally to the total return performance of the Nasdaq Sprott Energy Transition Materials Index, which is designed to track the performance of a selection of global securities in the energy transition materials industry.

LITP aims to provide investment results that correspond generally to the total return performance of the Nasdaq Sprott Lithium Miners Index, which is designed to track the performance of a selection of global securities in the lithium industry, including lithium producers, developers and explorers.

The aim of URNJ is to provide investment results that correspond generally to the total return performance of the Nasdaq Sprott Junior Uranium Miners Index, which is designed to track the performance of mid-, small- and micro-cap companies in uranium mining-related businesses.

COPJ seeks to provide investment results that correspond generally to the total return performance of the Nasdaq Sprott Junior Copper Miners Index, which is designed to track the performance of mid-, small- and micro-cap companies in copper mining-related businesses.

 

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.

By Matthew Evanoff

I specialize in the mining industry, focusing on top global mining stocks. My reporting covers the latest industry news, company/project developments, and profiles of key players. With a degree in finance and economics from the University of Toronto, I've contributed to a wide range of industry publications. Beyond my professional pursuits, I have a keen interest in global business and a love for travel.

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