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Sprott Asset Management Enters Into Agreement With Uranium Participation Corporation to Form ...


Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Sprott Asset Management Enters Into Agreement With Uranium Participation Corporation to Form .
Sprott Inc.April 28, 2021 GMT
TORONTO, April 28, 2021 (GLOBE NEWSWIRE) Sprott Inc. (“Sprott”) (NYSE/TSX: SII) announced today that Sprott Asset Management LP (“Sprott Asset Management”), a wholly-owned subsidiary of Sprott has entered into a definitive agreement with Uranium Participation Corporation (“UPC”) (TSX: U) pursuant to which UPC shareholders will become unitholders of the Sprott Physical Uranium Trust (the “Trust”), a newly-formed entity managed by Sprott Asset Management.
UPC is the world’s largest publicly traded investment vehicle providing investors an opportunity to gain exposure to the price of uranium, outside of a traditional mining company, through holdings of physical uranium in the form of uranium oxide in concentrates (“U3O8”) and u ....

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Uranium Participation : Apr 28, 2021 Uranium Participation Corporation Announces Agreement with Sprott Asset Management to Modernize Business Structure and Pursue U.S. Listing


TSX Trading symbol: U
TORONTO, April 28, 2021/CNW/ - Uranium Participation Corporation ( UPC or the Corporation ) (TSX:U) is pleased to announce that it has entered into an arrangement agreement (the Arrangement Agreement ) with Sprott Asset Management LP ( Sprott Asset Management ), a wholly owned subsidiary of Sprott Inc. ( Sprott ) (NYSE/TSX: SII), pursuant to which UPC shareholders will become unitholders of the Sprott Physical Uranium Trust (the Trust ), a newly formed entity to be managed by Sprott Asset Management (the Transaction ). View PDF version
Transaction Highlights
Modernized business structure with lower corporate operating costs - The trust structure offers lower annual corporate costs and aligns UPC s business with the world s leading physical commodity investment vehicles. ....

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Denison to Receive Approximately $5.3 Million in Connection with Termination of UPC Management Services Agreement


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TORONTO, April 28, 2021 /PRNewswire/ -
 Denison Mines Corp. ( Denison or the Company ) (TSX: DML)  (NYSE American: DNN) congratulates Uranium Participation Corp. ( UPC ) (TSX: U) and Sprott Asset Management LP ( Sprott ) on having reached an agreement to convert UPC into the Sprott Physical Uranium Trust (the Trust ) – effectively aligning UPC s business with the world s leading physical commodity investment vehicles and making it eligible to pursue a listing in the United States (the Transaction ).  Upon completion of the Transaction, Sprott will become the manager of the Trust and the Management Services Agreement ( MSA ) between Denison Mines Inc. (the Manager , a wholly owned subsidiary of Denison) and UPC will be terminated. View PDF version   ....

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