Sprott Physical Uranium Trust Announces Updated “At-the-Market” Equity Program

TORONTO, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Sprott Asset Management LP (“Sprott Asset Management”), on behalf of the Sprott Physical Uranium Trust (TSX: U.UN) (TSX: U.U) (the “Trust” or “SPUT”), a closed-ended trust created to invest and hold substantially all of its assets in physical uranium, today announced that the Trust has updated its at-the-market equity program (the “ATM Program”) to issue up to an additional US$125 million of trust units (the “Units”) pursuant to a prospectus supplement dated November 20, 2023 (the “Prospectus Supplement”) to the short form base shelf prospectus dated September 7, 2023 (the “Shelf Prospectus” and, together with the Prospectus Supplement, the “Offering Documents”). Copies of the Offering Documents are available at www.sedarplus.ca. Distributions will no longer be made under the previous ATM Program prospectus supplement dated September 8, 2023.

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