ETF Edge: Gold, uranium, private credit and the rush into alternative assets
John Ciampaglia, Sprott Asset Management CEO, and Jan Van Eck, VanEck and Associates CEO, join Dom Chu on 'ETF Edge' on how investors are turning to alternative assets like gold and private credit to get yield and where the sectors are set to go from here.
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Yahoo
7 hours ago
- Yahoo
Sprott Physical Platinum and Palladium Trust Updates Its 'At-the-Market' Equity Program
TORONTO, June 12, 2025 (GLOBE NEWSWIRE) -- Sprott Asset Management LP ('Sprott Asset Management'), a subsidiary of Sprott Inc., on behalf of the Sprott Physical Platinum and Palladium Trust (NYSE: SPPP) (TSX: SPPP / SPPP.U) (the 'Trust'), a closed-ended mutual fund trust created to invest and hold substantially all of its assets in physical platinum and palladium bullion, today announced that it has updated its at-the-market equity program to issue up to U.S.$100 million of units of the Trust ('Units') in the United States and Canada. Distributions under the at-the-market equity programs in the United States and Canada (together, the 'ATM Program') will be completed in accordance with the terms of an amended and restated sales agreement (the 'Sales Agreement') dated December 6, 2024, as amended on May 2, 2025, between Sprott Asset Management (as the manager of the Trust), the Trust, Cantor Fitzgerald & Co. ('Cantor'), Cantor Fitzgerald Canada Corporation ('Cantor Canada'), Virtu Americas LLC ('Virtu'), Virtu Canada Corp. ('Virtu Canada'), BMO Capital Markets Corp. ('BMO'), BMO Nesbitt Burns Inc. ('BMO Canada'), Canaccord Genuity LLC ('Canaccord' and, together with Cantor, Virtu and BMO, the 'U.S. Agents') and Canaccord Genuity Corp. ('Canaccord Canada' and, together with Cantor Canada, Virtu Canada and BMO Canada, the 'Canadian Agents' and, together with the U.S. Agents, the 'Agents'). The Sales Agreement is available on EDGAR at the United States Securities and Exchange Commission's (the 'SEC') website at and the SEDAR+ website maintained by the Canadian Securities Administrators at Sales of Units through the Agents, acting as agent, will be made through 'at the market' issuances on the NYSE Arca ('NYSE') and the Toronto Stock Exchange ('TSX') or other existing trading markets in the United States and Canada at the market price prevailing at the time of each sale, and, as a result, sale prices may vary. None of the U.S. Agents are registered as dealers in any Canadian jurisdiction and, accordingly, the U.S. Agents will only sell Units on marketplaces in the United States and are not permitted to and will not, directly or indirectly, advertise or solicit offers to purchase any Units in Canada. The Canadian Agents may only sell Units on marketplaces in Canada. The volume and timing of distributions under the ATM Program, if any, will be determined in the Trust's sole discretion. The Trust intends to use the proceeds from the ATM Program, if any, to acquire physical platinum and palladium bullion in accordance with the Trust's objective and subject to the Trust's investment and operating restrictions. The offering under the ATM Program is being made pursuant to a prospectus supplement dated June 12, 2025 (the 'U.S. Prospectus Supplement') to the Trust's U.S. base prospectus (the 'U.S. Base Prospectus') included in its registration statement on Form F-10 (the 'Registration Statement') (File No. 333-287978) filed with the SEC on June 12, 2025, and pursuant to a prospectus supplement dated June 12, 2025 (the 'Prospectus Supplement') to the Trust's Canadian short form base shelf prospectus dated June 12, 2025 (the 'Base Shelf Prospectus' and together with the Prospectus Supplement, the U.S. Prospectus Supplement, the U.S. Base Prospectus and the Registration Statement, the 'Offering Documents'). The U.S. Prospectus Supplement, the U.S. Base Prospectus and the Registration Statement are available on EDGAR at the SEC's website at and the Prospectus Supplement and the Base Shelf Prospectus are available on the SEDAR+ website maintained by the Canadian Securities Administrators at Before you invest, you should read the Offering Documents and other documents that the Trust has filed for more complete information about the Trust, the Sales Agreement and the ATM Program. Listing of the Units sold pursuant to the ATM Program on the NYSE and the TSX has been approved by the NYSE and the TSX, as applicable, subject to all applicable listing requirements. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualifications under the securities laws of any such jurisdiction. About Sprott and Sprott Asset ManagementSprott Asset Management is a wholly-owned subsidiary of Sprott and is the investment manager to the Trust. Sprott is a global leader in precious metals and critical materials investments. At Sprott, 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, Connecticut and California and Sprott's common shares are listed on the NYSE and the TSX under the symbol 'SII'. About the TrustImportant information about the Trust, including its investment objectives and strategies, applicable management fees, and expenses, is contained in the Trust's annual information form for the year ended December 31, 2024 (the 'AIF'). Commissions, management fees, or other charges and expenses may be associated with investing in the Trust. The performance of the Trust is not guaranteed, its value changes frequently and past performance is not an indication of future results. Caution Regarding Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of applicable United States securities laws and forward-looking information within the meaning of Canadian securities laws (collectively, 'forward-looking statements'). Forward-looking statements in this press release include, without limitation, investor demands for Units, statements regarding the ATM Program, including the intended use of proceeds from the sale of Units, any sale of Units and the timing and ability of the Trust to obtain all necessary approvals in connection with a sale of Units. With respect to the forward-looking statements contained in this press release, the Trust has made numerous assumptions regarding, among other things, the platinum and palladium market. While the Trust considers these assumptions to be reasonable, these assumptions are inherently subject to significant business, economic, competitive, market and social uncertainties and contingencies. Additionally, there are known and unknown risk factors that could cause the Trust's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements contained in this press release. A discussion of risks and uncertainties facing the Trust appears in the Offering Documents, as updated by the Trust's continuous disclosure filings, which are available at and All forward-looking statements herein are qualified in their entirety by this cautionary statement, and the Trust disclaims any obligation to revise or update any such forward-looking statements or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments, except as required by law. For more information: Glen WilliamsManaging DirectorInvestor and Institutional Client RelationsDirect: 416-943-4394gwilliams@
CNBC
13 hours ago
- CNBC
Gold's furious rally has cooled off, but these strategists say it's just a breather
The rally in gold has taken a back seat to other areas of the market in the past several weeks, but at least two strategists remain firmly bullish on what comes next. The spot price of gold has surged 29% this year, but the yellow metal has not made a new high in more than a month. That pause has come even as other precious metals, such as silver and palladium , have jumped. XAU= YTD mountain Gold has been one of the top performing assets in 2025. Paul Wong, a market strategist at Sprott Asset Management, told CNBC that this is likely a short-term break in the latest gold rally, caused by reduced fears around tariffs. "I think we're probably consolidating before the summer rally," Wong said. Joni Teves, UBS precious metals strategist, echoed that sentiment in a Wednesday note. "In spite of the pause in gold's uptrend for now, market sentiment appears reasonably unconcerned about the prospect of further consolidation in the near term. High levels of uncertainty around U.S. tariffs, fiscal policy and the Fed's consequent response reinforce the appeal to diversify portfolios, wherein gold stands out as an attractive option," Teves said. Gold is in a multi-year uptrend, boosted by several factors. For one thing, foreign governments and central banks have been buying gold in large quantities in part to diversify away from the U.S. dollar as the reserve currency of choice. Gold is also seen as a defensive asset, which makes it attractive when fears around global growth and the U.S. budget deficit flare up. Notably, the rally for gold this year has come alongside a sharp decline in the strength of the U.S. dollar . On Thursday, the ICE U.S. Dollar Index hit its lowest level in more than 3 years. "The main thing to look at really is the U.S. dollar, which continues to be very weak," Wong said. — CNBC's Michael Bloom contributed reporting.
CNBC
a day ago
- CNBC
ETF Edge: Gold, uranium, private credit and the rush into alternative assets
John Ciampaglia, Sprott Asset Management CEO, and Jan Van Eck, VanEck and Associates CEO, join Dom Chu on 'ETF Edge' on how investors are turning to alternative assets like gold and private credit to get yield and where the sectors are set to go from here.
