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Sprott Physical Uranium Trust (T:U.UN)

Business Focus: Closed End Funds

Sector:  Financials Industry:  Closed End Funds
Company Contact
Address: Royal Bank Plaza
South Tower, Suite 2600,200 Bay Street
Tel: N/A
IR: See website
Key People
John A. Ciampaglia
Chief Executive Officer, Director and Ultimate Designated Person
Varinder Bhathal
Chief Financial Officer
Maria Smirnova
Chief Investment Officer
Lara Misner
Chief Compliance Officer
Business Overview
Sprott Physical Uranium Trust (the Trust) is a Canada-based closed-end investment trust. The Trust invests and holds substantially all of its assets in physical uranium in the form of uranium oxide in concentrates and uranium hexafluoride (collectively, Uranium). The investment objective of the Trust is to provide a secure, convenient and exchange-traded investment alternative for investors interested in holding physical uranium without the inconvenience that is typical of a direct investment in physical uranium. The Trust intends to achieve its objective by investing primarily in long-term holdings of unencumbered, fully allocated, physical uranium and does not speculate with regard to short-term changes in uranium prices. The Trust's investment manager is Sprott Asset Management LP and its technical advisor is WMC Energy B.V.
Financial Overview
For the fiscal year ended 31 December 2022, Sprott Physical Uranium Trust revenues increased 24% to $214.4M. Net income increased 19% to $185.7M. Revenues reflect Unrealized (losses) gains on investment increase of 31% to $213.3M, Other Income increase from $285K to $1.1M. Net income was partially offset by Storage Fees increase from $1.9M to $9.8M (expense), Administrative Fees increase from $75K to $189K (expense).
Reporting Currency: U.S. Dollars
Enterprise value: $5,862M as of Dec 31, 2022
Annual revenue (TTM): $289.32M as of Dec 31, 2022
EBITDA (TTM): $250.66M as of Dec 31, 2022
Net annual income (TTM): $250.66M as of Dec 31, 2022
Free cash flow (TTM): -$340.05M as of Dec 31, 2022
Net Debt Last Fiscal Year: N/A
Shares outstanding: 248,435,917 as of Apr 27, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization