Sprott Asset Management LP (“Sprott”) today announced the launch of
the Sprott Copper Miners ETF (Nasdaq: COPP) (the “ETF” or “COPP”),
the only1 U.S.-listed ETF to provide pure-play2 exposure to large,
mid- and small-cap copper miners that supply a critical material
necessary for the energy transition. The ETF is the most recent
addition to Sprott’s suite of critical materials-focused ETFs and
is Sprott’s second copper mining fund, joining the Sprott Junior
Copper Miners ETF (COPJ), which launched in February 2023.
“Global commitments to meet net-zero emissions by 2050 are
reliant upon copper-intensive electrification initiatives, such as
expanding power grids, building clean energy infrastructure like
wind turbines and solar panels, and manufacturing more electric
vehicles,” said John Ciampaglia, CEO of Sprott Asset Management.
“Despite growing investor interest in copper as the energy
transition gains momentum, it’s been challenging for investors to
gain targeted exposure to copper miners. We’re pleased to offer a
focused opportunity to invest in copper miners through this
ETF.”
The Sprott Copper Miners ETF seeks to
provide investment results that, before fees and expenses,
correspond generally to the total return performance of the Nasdaq
Sprott Copper Miners™ Index (NSCOPP™). The Index is designed
to track the performance of a selection of global securities in the
copper industry, including copper producers, developers and
explorers.
COPP is part of Sprott’s energy transition ETF suite, which is
focused on the investment opportunity of the critical materials
needed to generate, transmit and store cleaner energy. The suite
now comprises:
Sprott Energy Transition Materials ETF |
Nasdaq: SETM |
Seeks to provide investment results that, before fees and expenses,
correspond generally to the total return performance of the Nasdaq
Sprott Energy Transition Materials™ Index (NSETM™). The Index
is designed to track the performance of a selection of global
securities in the energy transition materials industry. |
Sprott Uranium Miners ETF |
NYSE Arca: URNM |
Seeks to provide investment results that, before fees and expenses,
correspond generally to the total return performance of the North
Shore Global Uranium Mining Index (URNMX). The Index is designed to
track the performance of companies that devote at least 50% of
their assets to the uranium mining industry, which may include
mining, exploration, development and production of uranium, or
holding physical uranium, owning uranium royalties or engaging in
other non-mining activities that support the uranium mining
industry. |
Sprott Junior Uranium Miners ETF |
Nasdaq: URNJ |
Seeks to provide investment results that, before fees and expenses,
correspond generally to the total return performance of the Nasdaq
Sprott Junior Uranium Miners™ Index (NSURNJ™), which is
designed to track the performance of mid-, small- and micro-cap
companies in uranium mining-related businesses. |
Sprott Copper Miners ETF |
Nasdaq: COPP |
Seeks to provide investment results that, before fees and expenses,
correspond generally to the total return performance of the Nasdaq
Sprott Copper Miners™ Index (NSCOPP™), which is designed to
track the performance of a selection of global securities in copper
mining-related businesses. |
Sprott Junior Copper Miners ETF |
Nasdaq: COPJ |
Seeks to provide investment results that, before fees and expenses,
correspond generally to the total return performance of the Nasdaq
Sprott Junior Copper Miners™ Index (NSCOPJ™), which is
designed to track the performance of mid-, small- and micro-cap
companies in copper mining-related businesses. |
Sprott Lithium Miners ETF |
Nasdaq: LITP |
Seeks to provide investment results that, before fees and expenses,
correspond generally to the total return performance of the Nasdaq
Sprott Lithium Miners™ Index (NSLITP™). The Index is designed
to track the performance of a selection of global securities in the
lithium industry, including lithium producers, developers and
explorers. |
Sprott Nickel Miners ETF |
Nasdaq: NIKL |
Seeks to provide investment results that, before fees and expenses,
correspond generally to the total return performance of the Nasdaq
Sprott Nickel Miners™ Index (NSNIKL™). The Index is designed
to track the performance of a selection of global securities in the
nickel industry, including nickel producers, developers and
explorers. |
Sprott Physical Uranium Trust |
TSX: U.U ($US), U.UN ($CA) |
Seeks to provide a secure, convenient and exchange-traded
investment alternative for investors interested in holding physical
uranium. |
1 Based on Morningstar’s universe of Natural Resources Sector
Equity ETFs as of 3/5/2024.2 The term “pure-play” relates directly
to the exposure that the Fund has to the total universe of
investable, publicly listed securities in the investment
strategy.
About Sprott Asset Management LPSprott Asset
Management is a wholly-owned subsidiary of Sprott Inc. (“Sprott”).
Sprott is a global leader in precious metals and critical materials
investments. 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 the company’s common shares are
listed on the New York Stock Exchange and the Toronto Stock
Exchange under the symbol (SII). For more information, please visit
www.sprott.com.
Contact:Glen WilliamsManaging PartnerInvestor
and Institutional Client RelationsDirect: (416)
943-43945gwilliams@sprott.com
Dan GagnierGagnier CommunicationsDirect: (646)
569-5897sprott@gagnierfc.com
Important Disclosures
The Sprott Energy Transition ETFs are made up of the
following: Sprott Energy Transition Materials ETF (SETM), Sprott
Uranium Miners ETF (URNM), Sprott Junior Uranium Miners ETF (URNJ),
Sprott Copper Miners ETF (COPP), Sprott Junior Copper Miners ETF
(COPJ), Sprott Lithium Miners ETF (LITP) and Sprott Nickel Miners
ETF (NIKL). Before investing, you should consider each Fund’s
investment objectives, risks, charges and expenses. Each Fund’s
prospectus contains this and other information about the Fund and
should be read carefully before investing.
Prospectuses can be obtained by
calling 888.622.1813 or by
visiting https://sprottetfs.com/setm/prospectus,
https://sprottetfs.com/urnm/prospectus, https://sprottetfs.com/urnj/prospectus, https://sprottetfs.com/copp/prospectus,
https://sprottetfs.com/copj/prospectus,
https://sprottetfs.com/litp/prospectus or
https://sprottetfs.com/nikl/prospectus.
The Funds are not suitable for all investors. There are
risks involved with investing in ETFs, including the loss of money.
The Funds are non-diversified and can invest a greater portion of
assets in securities of individual issuers than a diversified fund.
As a result, changes in the market value of a single investment
could cause greater fluctuations in share price than would occur in
a diversified fund.
Exchange Traded Funds (ETFs) are bought and sold
through exchange trading at market price (not NAV) and are not
individually redeemed from the Fund. Shares
may trade at a premium or discount to their NAV in the secondary
market. Brokerage commissions will reduce returns. “Authorized
participants” may trade directly with the Fund, typically in blocks
of 10,000 shares.
Funds that emphasize investments in small/mid-cap companies will
generally experience greater price volatility. Diversification does
not eliminate the risk of experiencing investment losses. ETFs are
considered to have continuous liquidity because they allow for an
individual to trade throughout the day. A higher portfolio turnover
rate may indicate higher transaction costs and may result in higher
taxes when Fund shares are held in a taxable account. These costs,
which are not reflected in annual fund operating expenses, affect
the Fund’s performance.
Nasdaq®, Nasdaq Sprott Energy Transition Materials™ Index,
NSETM™, Nasdaq Sprott Junior Uranium Miners™ Index, NSURNJ™, Nasdaq
Sprott Copper Miners™ Index, NSCOPP™, Nasdaq Sprott Junior Copper
Miners™ Index, NSCOPJ™, Nasdaq Sprott Lithium Miners™ Index,
NSLITP™, Nasdaq Sprott Nickel Miners™ index and
NSNIKL™ are registered trademarks of Nasdaq, Inc. (which, with
its affiliates, is referred to as the “Corporations”) and are
licensed for use by Sprott Asset Management LP. The Product(s) have
not been passed on by the Corporations as to their legality or
suitability. The Product(s) are not issued, endorsed, sold, or
promoted by the Corporations. THE CORPORATIONS MAKE NO
WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE
PRODUCT(S).
ALPS Distributors, Inc. is the Distributor for the Sprott Funds
Trust and is a registered broker-dealer and FINRA Member. Sprott
Asset Management USA, Inc. is the Investment Adviser to the Sprott
ETFs.
ALPS Distributors, Inc. is not affiliated with Sprott Asset
Management LP.
© 2024 Sprott Inc. All rights reserved.
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