Sprott Asset Management

What Sprott Asset Management does

Sprott Asset Management is the investment management subsidiary of Sprott Inc. (NYSE and TSX: SII), a publicly traded asset manager founded in 1981 and headquartered in Toronto, with additional offices in New York, Connecticut, and California. The firm specializes exclusively in precious metals and critical materials investments, managing over $40 billion in assets under management across four pillars: Exchange Listed Products (13 ETFs and 4+ physical commodity trusts covering gold, silver, platinum, palladium, uranium, and copper), Managed Equities (gold mining funds and value-oriented equity strategies), Private Strategies (resource lending, streaming, and royalty), and Wealth Management services.

The product suite spans passive index-tracking ETFs (e.g., SGDM, URNM, COPP, REXC), actively managed ETFs (GBUG, METL), and physically backed trusts holding bullion or industrial metals in custody (PHYS, PSLV, CEF, SPPP, U.UN, COP.UN/SCOP). Investment decisions are grounded in fundamental, on-the-ground research, with the team conducting approximately 200 management meetings and 30 mining site visits annually. Sprott generates revenue primarily through recurring management fees (expense ratios ranging from 0.46% to 0.65%) applied to AUM across these vehicles, supplemented by wealth management advisory fees.

Distribution is achieved through listings on NYSE Arca, NASDAQ, and TSX, making products accessible via standard brokerage accounts globally, with non-U.S. investor access via HANetf UCITS wrappers. The firm actively deploys at-the-market equity programs (e.g., up to $2B for the silver trust, $500M for copper, $250M for platinum/palladium) through agents including Cantor Fitzgerald, Virtu, BMO, and Canaccord, and partners with ALPS for U.S. ETF distribution. Customer segments include individual investors, institutional investors (pension funds, endowments, family offices), and financial advisors seeking real-asset exposure, inflation hedging, and critical-materials thematic allocation.

Name

Sprott Asset Management

Legal name

Sprott Inc.

Website

https://sprott.com

Company type

Public

Founded year

1981

Operating status

Operating

Headcount range

1–10 employees

Short description

Sprott Asset Management is a Toronto-based specialized asset manager (founded 1981, parent Sprott Inc. on NYSE/TSX: SII) managing over $40B in precious metals and critical materials investments through 13 ETFs, physical commodity trusts, managed equities, private strategies, and wealth management services.

Ownership category

akta.pro rank

Product category

Precious Metals and Critical Materials Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259), Other Financial Investment Activities (5239)

SIC

Investment Advice (6282), Mineral Royalty Traders (6795)

akta.pro primary industry

Large-Cap Equity (Active) (FSAAAIAA)

akta.pro secondary industries

Registered Investment Advisor (RIA) Wealth Management (FSAEABAA), Multi-Asset Solutions for Institutional (Pensions/Endowments/Sovereigns) (FSAAAJAJ), Unit Registry & Transfer Agency for Alternatives (Private Funds, SPVs, Closed-End) (FSAAAMAK)

Keywords

• Precious metals investing
• Physical bullion trusts
• Critical materials ETFs
• Mining equity funds
• Natural resource asset management

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Marketing or Sales, Operations, Technology or R&D, Infrastructure, Others

Revenue model

1. ETF Management Fees: Sprott generates revenue through management fees charged on its portfolio of exchange-listed products including physical bullion trusts, physical commodity funds, and ETFs. Fee structures vary by product, with expense ratios applied to assets under management.
2. Physical Commodity Trust Management: The firm manages physical commodity trusts including uranium, copper, platinum, palladium, gold and silver trusts, generating recurring management fees based on assets under management across these vehicles.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Sprott Asset Management is a global asset manager focused exclusively on precious metals and critical materials investments. The firm offers exchange-listed products including physical bullion and commodity trusts (gold, silver, platinum/palladium, uranium, copper) and a suite of ETFs covering mining equities across critical materials sectors. It also manages public equity funds, private strategies (resource lending, streaming/royalty, physical commodities), and a wealth management platform for high-net-worth clients.

Differentiator

Problem solved

Functional benefit

Brands

• Sprott ETFs: Exchange-traded funds covering critical materials, uranium, copper, rare earths, lithium, nickel, gold, silver and other precious metals miners.
• Sprott Physical Trusts
• Sprott Wealth Management

Products and services

• Sprott Physical Gold Trust (PHYS) Closed-end physical gold trust that holds allocated physical gold bullion, offering investors liquid, exchange-listed exposure to physical gold without direct ownership or storage. Listed on NYSE Arca.
• Sprott Physical Silver Trust (PSLV) Closed-end physical silver trust that holds allocated physical silver bullion in secure vaults, providing exchange-listed silver exposure with an at-the-market equity program of up to $2 billion.
• Sprott Physical Gold & Silver Trust (CEF) Closed-end physical trust holding both allocated gold and silver bullion, providing diversified precious metals exposure for investors via NYSE Arca listing.
• Sprott Physical Platinum & Palladium Trust (SPPP) Closed-end physical trust holding allocated platinum and palladium bullion, providing exchange-listed exposure to platinum group metals with an ATM program of up to $250 million.
• Sprott Physical Uranium Trust (U.UN) Closed-end physical trust holding uranium oxide concentrates (U3O8), providing exchange-listed exposure to physical uranium for institutional and retail investors. Listed on TSX.
• Sprott Physical Copper Trust (COP.UN/SCOP) Closed-end physical trust holding physical copper, restructured from a non-redeemable investment fund to a mutual fund in 2026, enabling NYSE Arca listing under SCOP and TSX listing as COP.UN, with a US$500 million ATM program.
• Sprott Critical Materials ETF (SETM) Exchange-traded fund listed on NASDAQ providing diversified equity exposure to upstream miners, explorers, developers, and refiners of critical materials including uranium, copper, lithium, nickel, cobalt, graphite, manganese, rare earths, and silver.
• Sprott Uranium Miners ETF (URNM) Exchange-traded fund tracking the VettaFi Global Uranium Miners Index, providing exposure to companies involved in uranium mining and the production of nuclear fuel.
• Sprott Junior Uranium Miners ETF (URNJ) Exchange-traded fund providing exposure to junior (small-cap) uranium mining companies, complementing URNM with higher-beta exposure to the uranium sector.
• Sprott Copper Miners ETF (COPP) Exchange-traded fund launched in 2024 providing pure-play exposure to copper mining and exploration companies. Listed on NASDAQ.
• Sprott Junior Copper Miners ETF (COPJ) Exchange-traded fund providing exposure to junior (small-cap) copper mining and exploration companies.
• Sprott Rare Earths Ex-China ETF (REXC) Exchange-traded fund providing targeted exposure to rare earth minerals and mining companies while excluding Chinese-domiciled companies to mitigate geopolitical and supply chain risk. At least 80% of assets track the Nasdaq Sprott Rare Earths Ex-China Index.
• Sprott Lithium Miners ETF (LITP) Exchange-traded fund providing exposure to lithium mining, exploration, and battery materials companies positioned for the energy transition.
• Sprott Nickel Miners ETF (NIKL) Exchange-traded fund providing exposure to nickel mining companies serving stainless steel and electric vehicle battery supply chains.
• Sprott Active Gold & Silver Miners ETF (GBUG) Actively managed exchange-traded fund focused on gold and silver mining companies, using a long-term, value-driven investment approach.
• Sprott Gold Miners ETF (SGDM) Exchange-traded fund providing exposure to gold mining companies, with a 0.46% expense ratio.
• Sprott Junior Gold Miners ETF (SGDJ) Exchange-traded fund providing exposure to junior (small-cap) gold mining and exploration companies.
• Sprott Silver Miners & Physical Silver ETF (SLVR) Exchange-traded fund listed on NASDAQ offering combined exposure to silver mining equities and physical silver, leveraging silver's role as both a precious and industrial metal.
• Sprott Active Metals & Miners ETF (METL) Actively managed exchange-traded fund offering broad exposure to metals and mining companies including miners, recyclers, and royalty/streaming companies, using a value-oriented, contrarian investment approach.
• Sprott Gold Equity Fund (SGDLX) Actively managed public equity mutual fund focused on gold mining equities, offered as part of Sprott's Managed Equities strategies.
• Sprott Focus Trust (FUND) Closed-end fund pursuing a value-oriented, concentrated equity strategy targeting natural resources and related sectors.
• Sprott Natural Resource Investment Partners Private investment strategy providing resource lending (debt capital) to natural resource companies across the mining and energy sectors.
• Sprott Resource Streaming and Royalty Private investment strategy focused on streaming and royalty interests in natural resource and mining companies.
• Sprott Physical Commodities Strategy Private investment strategy providing tailored exposure to physical commodities for institutional and high-net-worth investors.
• Sprott Wealth Management (Managed Accounts) Full-service registered investment advisor providing managed account services and wealth management solutions with global natural resources expertise.
• Resource Exploration and Development Private Placement Fund Private placement limited partnership targeting resource exploration and development opportunities in the mining and natural resources sectors.

Quantifiable outcome

• Sprott Uranium Miners ETF delivered 11.56% returns year-to-date as of May 31, 2026
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered core and minor.

• Cantor FitzgeraldcoreChannel Partner/ Reseller/ Distributor · 4 May 2026Cantor Fitzgerald acts as a distribution agent for Sprott Physical Copper Trust's At-The-Market equity program, which allows for the issuance of up to US$500 million of units on NYSE and TSX exchanges. The program involves amended sales agreements with multiple agents for distributions.
• VirtucoreChannel Partner/ Reseller/ Distributor · 4 May 2026Virtu serves as a distribution agent for Sprott Physical Copper Trust's ATM equity program, enabling issuance of units on NYSE Arca and TSX exchanges.
• BMO Capital MarketscoreChannel Partner/ Reseller/ Distributor · 4 May 2026BMO Capital Markets acts as one of the agents for distribution of Sprott Physical Copper Trust's ATM equity program on both NYSE and TSX.
• Canaccord GenuitycoreChannel Partner/ Reseller/ Distributor · 4 May 2026Canaccord Genuity serves as a distribution agent for Sprott Physical Copper Trust's At-The-Market equity program for NYSE and TSX distributions.
• Sprott Physical Silver Trust ATM AgentscoreChannel Partner/ Reseller/ Distributor · 20 January 2026Sprott Physical Silver Trust updated its at-the-market equity program to up to $2 billion of trust units, distributing through multiple financial institutions acting as agents on NYSE Arca and Toronto Stock Exchange.
• ALPScoreChannel Partner/ Reseller/ DistributorSprott has partnered with ALPS in offering Sprott ETFs, directing investors to SprottETFs.com for fact sheets, marketing materials, prospectuses, performance, and expense information.
• VettaFicoreTechnology or IntegrationVettaFi acquired the North Shore Global Uranium Mining Index (URNMX), which is tracked by the Sprott Uranium Miners ETF (URNM). The index was renamed the VettaFi Global Uranium Miners Index effective April 30, 2026.
• HANetfminorChannel Partner/ Reseller/ DistributorSprott links to HANetf for non-U.S. investors, as HANetf provides services for eligible investors outside the United States with specific investment rules and requirements.

Scale indicators4 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• VanEck: VanEck is a direct peer in mining and precious metals ETFs, offering flagship products like VanEck Gold Miners ETF (GDX), Junior Gold Miners (GDXJ), and rare earths/critical minerals exposures that compete head-to-head with Sprott's URNM, SGDM, SGDJ, REXC, and related products.
• abrdn (formerly Aberdeen Standard Investments): abrdn operates the abrdn Physical Gold Shares ETF (SGOL) and abrdn Physical Silver Shares ETF (SIVR) and manages precious-metals focused pooled funds, placing it in direct competition with Sprott's physical commodity trust business and gold/silver fund products.
• Global X ETFs: Global X directly competes in mining and critical materials thematic ETFs with products such as the Global X Silver Miners ETF (SIL), Junior Silver Miners (SILJ), Copper Miners (COPX), and Lithium & Battery Tech (LIT), competing with Sprott's COPP, COPJ, LITP, and URNM products.
• WisdomTree: WisdomTree is a direct peer in physical precious metals and commodity ETFs, offering products like the WisdomTree Physical Gold (SGOL) and Physical Silver (SIVR) that overlap with Sprott's Physical Gold Trust (PHYS) and Physical Silver Trust (PSLV).

Regional players

• Franco-Nevada Corporation: Franco-Nevada is a leading precious metals royalty and streaming company that overlaps with Sprott's resource streaming and royalty subsidiary and gold-focused products. While Franco-Nevada is a direct operator/royalty owner rather than a competing asset manager, it competes for the same investor capital seeking precious-metals exposure.

Emerging players

• First Trust: First Trust is an emerging player in thematic and sector ETFs, with mining and natural resource products that overlap with Sprott's specialty mining equity ETFs. It competes for financial advisor wallet share in the same niche thematic category.

Broad incumbents

• iShares (BlackRock): iShares is a broad incumbent in the ETF space, offering physically backed precious metals ETFs (IAU, SLV) and broad mining/commodity exposures. While not specialist in critical materials, its scale, distribution, and pricing power set the competitive floor that Sprott's specialist products must overcome.
• Invesco: Invesco offers commodity and precious metals ETFs such as Invesco DB Precious Metals Fund (DBP) and Invesco Physical Gold (SGLD), competing with Sprott's physical trusts and serving overlapping financial advisor and institutional channels.
• State Street SPDR: SPDR offers the SPDR Gold Shares (GLD), the largest physically backed gold ETF, and other commodity exposures. As a broad incumbent with deep distribution, SPDR represents the primary scale competitor to Sprott's PHYS gold trust in the precious metals ETF space.

Others

• Royal Canadian Mint (Bullion and Exchange-Traded Receipts): The Royal Canadian Mint operates the Canadian Gold Reserves and exchange-traded gold/silver receipts and is an institutional infrastructure provider adjacent to Sprott's physical bullion trust business, sharing the same physical commodity storage and trust administration ecosystem.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/sprott
• YouTubeyoutube.com/user/sprottgroup
• LinkedInlinkedin.com/company/sprott

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments9 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sprott Asset Management