Sprott Launches New ETF For Rare Earth Companies Outside Of China

One of the largest asset management companies in mining has just launched a new ETF on the Nasdaq. And they’re aiming to give investors exposure to companies building the future of rare earth elements.

What’s happening:

• Sprott Inc (NYSE: SII) has officially launched a new ETF on the Nasdaq known as the Sprott Rare Earths Ex-China ETF (NASDAQ: REXC)
  

Why it matters:‍

• This is the first time an asset management company has listed an ETF on a major stock exchange in the United States of America that is solely focused on providing exposure to rare earth companies operating outside of China
  

Going deeper:‍

• Sprott is one of the single largest asset management companies focused on natural resources and critical minerals and has launched multiple highly successful ETFs focused on gold, silver, copper, uranium, lithium and more
  
• North American rare earth companies have continued to come into major focus in the public markets lately, including Critical Metals (NASDAQ: CRML) just recently winning approval from the Government of Greenland to increase their ownership in their flagship rare earth project to 92.5% and REalloys (NASDAQ: ALOY) entering into a new deal with U.S. Critical Minerals to secure 10% of the total offtake from their Sheep Creek project located in Montana

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