NEW YORK, March 12, 2026 (GLOBE NEWSWIRE) -- Sprott Asset Management USA, Inc., a wholly-owned subsidiary of Sprott Inc., today announced that the North Shore Global Uranium Mining Index (URNMX), the index tracked by the Sprott Uranium Miners ETF (NYSE:URNM), is being renamed the VettaFi Global Uranium Miners Index (URNMX) as of the close of trading on April 30, 2026. There are no changes to the index's methodology related to the name change. The index was recently acquired by VettaFi, a differentiated index provider with modern distribution solutions and a subsidiary of TMX Group.

The VettaFi Global Uranium Miners Index (URNMX) 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. In addition, VettaFi will replace Indxx in the calculation of the index.

For a full overview of the VettaFi Global Uranium Miners Index (URNMX) methodology, please visit https://www.vettafi.com/indexing/index/urnmx#resources.

About Sprott Asset Management USA, Inc.

Sprott Asset Management USA, Inc. is a wholly-owned subsidiary of Sprott Inc. ("Sprott"). Sprott is a global asset manager focused on precious metals and critical materials investments. We are specialists. We believe 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. For more information, please visit www.sprott.com.

Contact:

Glen Williams

Senior Managing Partner

Investor and Institutional Client Relations

Direct: (416) 943-43945

gwilliams@sprott.com

Important Disclosures

An investor should consider the investment objectives, risks, charges, and expenses carefully before investing. To obtain a Sprott Uranium Miners ETF Prospectus, which contains this and other information, visit https://sprottetfs.com/urnm/prospectus, contact your financial professional or call 888.622.1813. Read the Prospectus carefully before investing. One may not invest directly in an index.

The fund is not suitable for all investors. There are risks involved with investing in ETFs, including the loss of money. URNM is non-diversified and can invest a more significant portion of assets in securities of individual issuers than a diversified fund. As a result, changes in a single investment's market value could cause more significant share price fluctuations than in a diversified fund. Uranium companies may be significantly subject to the effects of competitive pressures in the uranium business and the price of uranium. The price of uranium may be affected by changes in inflation rates, interest rates, monetary policy, economic conditions and political stability.

Shares are not individually redeemable. Investors buy and sell shares of the Sprott Uranium Miners ETF on a secondary market. Only authorized participants may trade directly with the fund, typically in blocks of 10,000 shares.

Sprott Asset Management USA, Inc. is the Investment Adviser to the Sprott ETFs. ALPS Distributors, Inc. is the Distributor for the Sprott ETFs and is a registered broker-dealer and FINRA Member.

ALPS Distributors, Inc. is not affiliated with Sprott Asset Management USA, Inc.

Renaming of Index Tracked by Sprott Uranium Miners ETF (URNM)