Sprott Asset Management

Sprott Asset Management

Sprott Asset Management was founded in 1981 by Eric Sprott, a Canadian financier who built the firm into a specialized asset manager focused on precious metals and natural resources. The firm operates out of Toronto, with additional offices in Denver and Vancouver, and has over four decades of history in resource-intensive investing. Sprott's strategy centers on precious metals, critical minerals, and energy-transition assets. It allocates across publicly traded equities, exchange-traded funds (ETFs), private credit, and direct equity investments. The firm has launched multiple ETFs tracking gold, silver, and uranium, and provides financing to mining and energy companies. Confirmed portfolio exposures include holdings in uranium miners and precious-metal royalty firms, though specific positions fluctuate with market conditions. Geographically, Sprott focuses on North America, with additional exposure to Australia and select emerging markets. The firm manages roughly $20B–$30B in total assets, though Sprott does not regularly publish a precise AUM figure. The team includes around 100 employees, with investment decisions led by CEO John Ciampaglia and Chairman Peter Grosskopf. Sprott also operates Sprott Inc., the publicly traded parent company, and maintains a philanthropic arm through the Sprott Foundation. In recent years, the firm has expanded its private-credit offerings to meet demand for capital in the energy-transition sector. Sprott's structural differentiator is its singular focus on natural resources and energy-transition assets — a niche that few large asset managers replicate at scale. The firm combines public-market ETFs with private-credit and equity strategies under one roof, giving it a multi-channel approach to resource investing. Its longstanding presence in the sector, spanning more than 40 years, provides deep sourcing relationships with miners and energy companies — a durable advantage in a specialized market.