# EDGAR Filing Document

**Accession Number:** 0001728683
**File Stem:** 0001752724-25-201436
**Filing Date:** 2025-8
**Character Count:** 38303
**Document Hash:** 6a649505bd4864b02efe35fec26bc01c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-201436.hdr.sgml**: 20250825

**ACCESSION NUMBER**: 0001752724-25-201436

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250825

**DATE AS OF CHANGE**: 20250825

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SPROTT FUNDS TRUST
- **CENTRAL INDEX KEY:** 0001728683

**ORGANIZATION NAME:**
- **EIN:** 824034050
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23382
- **FILM NUMBER:** 251248968

**BUSINESS ADDRESS:**
- **STREET 1:** 320 POST ROAD, SUITE 230
- **STREET 2:** SUITE 200
- **CITY:** DARIEN
- **STATE:** CT
- **ZIP:** 06820
- **BUSINESS PHONE:** (203) 656-2400

**MAIL ADDRESS:**
- **STREET 1:** 320 POST ROAD, SUITE 230
- **STREET 2:** SUITE 200
- **CITY:** DARIEN
- **STATE:** CT
- **ZIP:** 06820

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Sprott ETF Trust
- **DATE OF NAME CHANGE:** 20180119

## Series and Classes Contracts Data

### Sprott Critical Materials ETF (Series ID: S000078980)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000239800 | Sprott Critical Materials ETF | SETM            |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** SPROTT FUNDS TRUST

- **b. Investment Company Act file number:** 811-23382

- **c. CIK number of Registrant:** 0001728683

- **d. LEI of Registrant:** 254900ESM83A3F9BO555

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 320 POST ROAD SUITE 230

  - **City:** DARIEN

  - **State:** CT

  - **Foreign country:** US

  - **Zip / Postal Code:** 06820

  - **Telephone number:** 2036562400

**Item A.2. Information about the Series.**

- **a. Name of Series:** Sprott Critical Materials ETF

- **b. EDGAR series identifier (if any):** S000078980

- **c. LEI of Series:** 254900P8ZEMYFBUE9512

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $48150522.13

**Total Liabilities:** $43691.28

**Net Assets:** $48106830.85

**Cash Not Reported:** $3374.48

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000239800 | 0.64%                | 5.21%                | 15.87%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.01                    | $208130.14                                 |
| Month 2  | $-22.99                  | $1827223.85                                |
| Month 3  | $-726524.44              | $6957570.02                                |

### Schedule of Portfolio Investments

| Name                                                       | Title                                                                       | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Southern Copper Corp                                       | Southern Copper Corp.                                                       | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |      9523 | NS      | $963441.91    | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Igo Ltd                                                    | IGO, Ltd.                                                                   | CUSIP: N/A<br>LEI: 2549005DZO8VGXM5QN07       | Long             | EC               | CORP              | AU        |    399495 | NS      | $1096408.57   | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Pilbara Minerals Ltd                                       | Pilbara Minerals, Ltd.                                                      | CUSIP: N/A<br>LEI: 5299000VV1CZVF5K9C16       | Long             | EC               | CORP              | AU        |   2465686 | NS      | $2166426.97   | 4.50%             |  |  |  | No            |                  1 | On Loan: —       |
| Mmg Ltd                                                    | MMG, Ltd.                                                                   | CUSIP: N/A<br>LEI: 529900XB5IQXFMSWEC48       | Long             | EC               | CORP              | HK        |    443920 | NS      | $216589.10    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Moil Ltd                                                   | MOIL, Ltd.                                                                  | CUSIP: N/A<br>LEI: 335800KIMZB1TBYBFI12       | Long             | EC               | CORP              | IN        |     56584 | NS      | $256033.36    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| China Gold International Resources Corp Ltd                | China Gold International Resources Corp., Ltd.                              | CUSIP: 16890P103<br>LEI: 529900936ZPAXB0LZD87 | Long             | EC               | CORP              | CA        |     23100 | NS      | $208931.27    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Leo Lithium Ltd                                            | Leo Lithium, Ltd.                                                           | CUSIP: N/A<br>LEI: 984500LD0A57A68EZ677       | Long             | EC               | CORP              | AU        |     23792 | NS      | $3726.78      | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| Solaris Resources Inc                                      | Solaris Resources, Inc.                                                     | CUSIP: 83419D201<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      7434 | NS      | $34065.11     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Teck Resources Ltd                                         | Teck Resources, Ltd.                                                        | CUSIP: 878742204<br>LEI: T8KI5SQ2JRWHL7XY0E11 | Long             | EC               | CORP              | CA        |     39189 | NS      | $1582451.82   | 3.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Avino Silver & Gold Mines Ltd                              | Avino Silver & Gold Mines, Ltd.                                             | CUSIP: 053906103<br>LEI: 549300DZZNDMPML1VJ37 | Long             | EC               | CORP              | CA        |    105262 | NS      | $378943.20    | 0.79%             |  |  |  | No            |                  1 | On Loan: —       |
| Isoenergy Ltd                                              | IsoEnergy, Ltd.                                                             | CUSIP: 46500E867<br>LEI: 5299000RYB4XC9F7VC32 | Long             | EC               | CORP              | CA        |     10929 | NS      | $77849.31     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Endeavour Silver Corp                                      | Endeavour Silver Corp.                                                      | CUSIP: 29258Y103<br>LEI: 549300IF2E29780PPV02 | Long             | EC               | CORP              | CA        |    150669 | NS      | $741291.48    | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Lynas Rare Earths Ltd                                      | Lynas Rare Earths, Ltd.                                                     | CUSIP: N/A<br>LEI: 529900SGT9M1FJPXXI35       | Long             | EC               | CORP              | AU        |    387474 | NS      | $2195688.55   | 4.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Talga Group Ltd                                            | Talga Group, Ltd.                                                           | CUSIP: N/A<br>LEI: 529900N20AS6EW9W0B96       | N/A              | DE               | CORP              | AU        |     10905 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: —       |
| Kghm Polska Miedz Sa                                       | KGHM Polska Miedz SA                                                        | CUSIP: N/A<br>LEI: G30CO71KTT9JDYJESN22       | Long             | EC               | CORP              | PL        |     13640 | NS      | $487798.35    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hindustan Copper Ltd                                       | Hindustan Copper, Ltd.                                                      | CUSIP: N/A<br>LEI: 33580013OQMTB8N3IV37       | Long             | EC               | CORP              | IN        |     45380 | NS      | $147791.91    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexgen Energy Ltd                                          | NexGen Energy, Ltd.                                                         | CUSIP: 65340P106<br>LEI: 529900N0IXNXB3IP7F06 | Long             | EC               | CORP              | CA        |    171295 | NS      | $1188787.30   | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Silvercorp Metals Inc                                      | Silvercorp Metals, Inc.                                                     | CUSIP: 82835P103<br>LEI: 52990092RT3UCQ7G3177 | Long             | EC               | CORP              | CA        |    121152 | NS      | $511261.44    | 1.06%             |  |  |  | No            |                  1 | On Loan: —       |
| First Majestic Silver Corp                                 | First Majestic Silver Corp.                                                 | CUSIP: 32076V103<br>LEI: 529900PWCU5DUH1DYR51 | Long             | EC               | CORP              | CA        |    215834 | NS      | $1784947.18   | 3.71%             |  |  |  | No            |                  1 | On Loan: —       |
| Solgold Plc                                                | SolGold PLC                                                                 | CUSIP: N/A<br>LEI: 213800HGFADQBMIEVI76       | Long             | EC               | CORP              | GB        |    128085 | NS      | $12078.52     | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Philex Mining Corp                                         | Philex Mining Corp.                                                         | CUSIP: N/A<br>LEI: 2549003WBGIWUSNRZX59       | Long             | EC               | CORP              | PH        |    165900 | NS      | $18907.83     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Jupiter Mines Ltd                                          | Jupiter Mines, Ltd.                                                         | CUSIP: N/A<br>LEI: 254900OFKP9ZQXBCHE19       | Long             | EC               | CORP              | AU        |    907298 | NS      | $119427.67    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Vizsla Silver Corp                                         | Vizsla Silver Corp.                                                         | CUSIP: 92859G608<br>LEI: 549300ADJF7HWIEDL366 | Long             | EC               | CORP              | CA        |    132455 | NS      | $389417.70    | 0.81%             |  |  |  | No            |                  1 | On Loan: —       |
| Nickel Industries Ltd                                      | Nickel Industries, Ltd.                                                     | CUSIP: N/A<br>LEI: 54930007K0WX53TSIK16       | Long             | EC               | CORP              | AU        |   1100513 | NS      | $503390.49    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Cia De Minas Buenaventura Saa                              | Cia de Minas Buenaventura SAA                                               | CUSIP: 204448104<br>LEI: 529900WQB1ZU9KB6EL71 | Long             | EC               | CORP              | PE        |     18890 | NS      | $310173.80    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Meteoric Resources Nl                                      | Meteoric Resources NL                                                       | CUSIP: N/A<br>LEI: 5299009OXXZHFU8BYE49       | Long             | EC               | CORP              | AU        |   6516571 | NS      | $514665.90    | 1.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Freeport-mcmoran Inc                                       | Freeport-McMoRan, Inc.                                                      | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |     51231 | NS      | $2220863.85   | 4.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Lundin Mining Corp                                         | Lundin Mining Corp.                                                         | CUSIP: 550372106<br>LEI: 549300FQDIM6C8HTN269 | Long             | EC               | CORP              | CA        |     85069 | NS      | $894575.42    | 1.86%             |  |  |  | No            |                  1 | On Loan: —       |
| Lithium Argentina Ag                                       | Lithium Argentina AG                                                        | CUSIP: H5012F103<br>LEI: 529900Q9ENG7EHHZ5R75 | Long             | EC               | CORP              | CH        |     75153 | NS      | $156318.24    | 0.32%             |  |  |  | No            |                  1 | On Loan: —       |
| Eramet Sa                                                  | Eramet SA                                                                   | CUSIP: N/A<br>LEI: 549300LUH78PG2MP6N64       | Long             | EC               | CORP              | FR        |      6944 | NS      | $375448.62    | 0.78%             |  |  |  | No            |                  1 | On Loan: —       |
| Paladin Energy Ltd                                         | Paladin Energy, Ltd.                                                        | CUSIP: N/A<br>LEI: 549300M44UTJAP8J6B37       | Long             | EC               | CORP              | AU        |    253408 | NS      | $1345918.85   | 2.80%             |  |  |  | No            |                  1 | On Loan: —       |
| Lifezone Metals Ltd                                        | Lifezone Metals, Ltd.                                                       | CUSIP: G5568L109<br>LEI: N/A                  | Long             | EC               | CORP              | IM        |     16549 | NS      | $68181.88     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Deep Yellow Ltd                                            | Deep Yellow, Ltd.                                                           | CUSIP: N/A<br>LEI: 529900FL7FGTGTVII319       | Long             | EC               | CORP              | AU        |    269551 | NS      | $296266.43    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Sungeel Hitech Co Ltd                                      | Sungeel Hitech Co., Ltd.                                                    | CUSIP: N/A<br>LEI: 9884003F4ARCHRT0IP74       | Long             | EC               | CORP              | KR        |      5240 | NS      | $128709.25    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Americas Gold & Silver Corp                                | Americas Gold & Silver Corp.                                                | CUSIP: 03062D100<br>LEI: 5493005AKGOT669Z4P51 | Long             | EC               | CORP              | CA        |    191331 | NS      | $154538.05    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Mp Materials Corp                                          | MP Materials Corp.                                                          | CUSIP: 553368101<br>LEI: 89450063PHPS61USMT84 | Long             | EC               | CORP              | US        |     90467 | NS      | $3009837.09   | 6.26%             |  |  |  | No            |                  1 | On Loan: —       |
| American Battery Technology Co                             | American Battery Technology Co.                                             | CUSIP: 02451V309<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40638 | NS      | $65833.56     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Lotus Resources Ltd                                        | Lotus Resources, Ltd.                                                       | CUSIP: N/A<br>LEI: 984500AB0D982CDB3754       | Long             | EC               | CORP              | AU        |    600529 | NS      | $77071.47     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| First Quantum Minerals Ltd                                 | First Quantum Minerals, Ltd.                                                | CUSIP: 335934105<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | EC               | CORP              | CA        |     64337 | NS      | $1142876.47   | 2.38%             |  |  |  | No            |                  1 | On Loan: —       |
| Bannerman Energy Ltd                                       | Bannerman Energy, Ltd.                                                      | CUSIP: N/A<br>LEI: 529900D04RI02L5UK707       | Long             | EC               | CORP              | AU        |     47780 | NS      | $104716.57    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Trilogy Metals Inc                                         | Trilogy Metals, Inc.                                                        | CUSIP: 89621C105<br>LEI: 52990084YC9OR0TUH237 | Long             | EC               | CORP              | CA        |      9840 | NS      | $13284.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Mac Copper Ltd                                             | MAC Copper, Ltd.                                                            | CUSIP: G60409110<br>LEI: 984500A55FX8DC465F12 | Long             | EC               | CORP              | JE        |      9710 | NS      | $117393.90    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Sayona Mining Ltd                                          | Sayona Mining, Ltd.                                                         | CUSIP: N/A<br>LEI: 5299007N8RQDP4IN4F31       | Long             | EC               | CORP              | AU        |  13228114 | NS      | $130591.29    | 0.27%             |  |  |  | No            |                  1 | On Loan: —       |
| Peninsula Energy Ltd                                       | Peninsula Energy, Ltd.                                                      | CUSIP: N/A<br>LEI: 213800XBLFMYEQENEZ77       | Long             | EC               | CORP              | AU        |     46341 | NS      | $18909.59     | 0.04%             |  |  |  | No            |                  2 | On Loan: —       |
| Standard Lithium Ltd                                       | Standard Lithium, Ltd.                                                      | CUSIP: 853606101<br>LEI: 549300LA4BSHAKT4SL33 | Long             | EC               | CORP              | CA        |    105814 | NS      | $207395.44    | 0.43%             |  |  |  | No            |                  1 | On Loan: —       |
| Silver Mines Ltd                                           | Silver Mines, Ltd.                                                          | CUSIP: N/A<br>LEI: 529900TQJSJASG5XNA13       | Long             | EC               | CORP              | AU        |    791822 | NS      | $59930.85     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Asia Metals Plc                                    | Central Asia Metals PLC                                                     | CUSIP: N/A<br>LEI: 213800EYQBJZIT64NH43       | Long             | EC               | CORP              | GB        |     12583 | NS      | $27531.57     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Ivanhoe Electric Inc / Us                                  | Ivanhoe Electric, Inc. / US                                                 | CUSIP: 46578C108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5576 | NS      | $50574.32     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ngex Minerals Ltd                                          | NGEx Minerals, Ltd.                                                         | CUSIP: 65343P103<br>LEI: 549300M2DU5ORAGOIG27 | Long             | EC               | CORP              | CA        |      9735 | NS      | $113667.34    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Aya Gold & Silver Inc                                      | Aya Gold & Silver, Inc.                                                     | CUSIP: 05466C109<br>LEI: 549300BWX8KJOTUL4M51 | Long             | EC               | CORP              | CA        |    107119 | NS      | $963618.69    | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Taseko Mines Ltd                                           | Taseko Mines, Ltd.                                                          | CUSIP: 876511106<br>LEI: 549300XKUO1JSLU7KX54 | Long             | EC               | CORP              | CA        |     41335 | NS      | $130205.25    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Encore Energy Corp                                         | Encore Energy Corp.                                                         | CUSIP: 29259W700<br>LEI: 5299007FNX2NVNJM3O59 | Long             | EC               | CORP              | CA        |    118807 | NS      | $339386.25    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Boss Energy Ltd                                            | Boss Energy, Ltd.                                                           | CUSIP: N/A<br>LEI: 9845000ED0A5F908A057       | Long             | EC               | CORP              | AU        |    218682 | NS      | $672132.56    | 1.40%             |  |  |  | No            |                  1 | On Loan: —       |
| Vale Indonesia Tbk Pt                                      | Vale Indonesia Tbk PT                                                       | CUSIP: N/A<br>LEI: 5299002HHYBH7C6WBQ62       | Long             | EC               | CORP              | ID        |   1969350 | NS      | $418494.46    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Jinchuan Group International Resources Co Ltd              | Jinchuan Group International Resources Co., Ltd.                            | CUSIP: N/A<br>LEI: 254900RWLOXOMORJEB03       | Long             | EC               | CORP              | KY        |    287600 | NS      | $23447.79     | 0.05%             |  |  |  | No            |                  2 | On Loan: —       |
| Liontown Resources Ltd                                     | Liontown Resources, Ltd.                                                    | CUSIP: N/A<br>LEI: 529900LT0V2IEL7WZY56       | Long             | EC               | CORP              | AU        |   1809599 | NS      | $833691.56    | 1.73%             |  |  |  | No            |                  1 | On Loan: —       |
| Patriot Battery Metals Inc                                 | Patriot Battery Metals, Inc.                                                | CUSIP: N/A<br>LEI: 529900XDIJAIG9QO0I38       | Long             | EC               | CORP              | CA        |    295282 | NS      | $51500.08     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ganfeng Lithium Group Co Ltd                               | Ganfeng Lithium Group Co., Ltd.                                             | CUSIP: N/A<br>LEI: 3003006BE6UOHWEOOR42       | Long             | EC               | CORP              | CN        |    407300 | NS      | $1182993.52   | 2.46%             |  |  |  | Yes           |                  1 | On Loan: —       |
| Sigma Lithium Corp                                         | Sigma Lithium Corp.                                                         | CUSIP: 826599102<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     72785 | NS      | $327532.50    | 0.68%             |  |  |  | No            |                  1 | On Loan: —       |
| Antofagasta Plc                                            | Antofagasta PLC                                                             | CUSIP: N/A<br>LEI: 213800MY6QVH4FVLD628       | Long             | EC               | CORP              | GB        |     45173 | NS      | $1122008.24   | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Denison Mines Corp                                         | Denison Mines Corp.                                                         | CUSIP: 248356107<br>LEI: 529900JWGSW17LJK6586 | Long             | EC               | CORP              | CA        |    569409 | NS      | $1036324.38   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Atomic Corp                                         | Global Atomic Corp.                                                         | CUSIP: 37957M106<br>LEI: 529900EY4VQEZUOEO166 | Long             | EC               | CORP              | CA        |     99045 | NS      | $45094.84     | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Albemarle Corp                                             | Albemarle Corp.                                                             | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EC               | CORP              | US        |     35360 | NS      | $2216011.20   | 4.61%             |  |  |  | No            |                  1 | On Loan: —       |
| Ur-energy Inc                                              | Ur-Energy, Inc.                                                             | CUSIP: 91688R108<br>LEI: 5493004ZEMNWEC7T6X93 | Long             | EC               | CORP              | CA        |    216973 | NS      | $227821.65    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corp                                                | Cameco Corp.                                                                | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |     33700 | NS      | $2501551.00   | 5.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Cgn Mining Co Ltd                                          | CGN Mining Co., Ltd.                                                        | CUSIP: N/A<br>LEI: 529900LQYG057CZAZT41       | Long             | EC               | CORP              | KY        |   1669950 | NS      | $516943.23    | 1.07%             |  |  |  | No            |                  1 | On Loan: —       |
| State Street Institutional Treasury Plus Money Market Fund | State Street Institutional Treasury Plus Money Market Fund                  | CUSIP: 857492862<br>LEI: 549300PNASLVKQG64331 | Long             | STIV             | RF                | US        |    174770 | NS      | $174769.80    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Uranium Royalty Corp                                       | Uranium Royalty Corp.                                                       | CUSIP: 91702V101<br>LEI: 5493005KEPCD7QSX6305 | Long             | EC               | CORP              | CA        |     36619 | NS      | $91547.50     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Ivanhoe Mines Ltd                                          | Ivanhoe Mines, Ltd.                                                         | CUSIP: 46579R104<br>LEI: 5299006XZISURYIA4G32 | Long             | EC               | CORP              | CA        |     51710 | NS      | $388465.80    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Merdeka Battery Materials Tbk Pt                           | Merdeka Battery Materials Tbk PT                                            | CUSIP: N/A<br>LEI: 98450009A36V139E4C79       | Long             | EC               | CORP              | ID        |  14894600 | NS      | $422021.31    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Lithium Americas Corp                                      | Lithium Americas Corp.                                                      | CUSIP: 53681J103<br>LEI: 529900Q9ENG7EHHZ5R75 | Long             | EC               | CORP              | CA        |     94066 | NS      | $252096.88    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Uranium Energy Corp                                        | Uranium Energy Corp.                                                        | CUSIP: 916896103<br>LEI: 549300VD69WD2USLIP04 | Long             | EC               | CORP              | US        |    261699 | NS      | $1779553.20   | 3.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Ioneer Ltd                                                 | ioneer, Ltd.                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   1052841 | NS      | $67213.97     | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| Atalaya Mining Copper Sa                                   | ATALAYA MINING COPPER SA                                                    | CUSIP: N/A<br>LEI: 549300QNQPXVRXGXOX56       | Long             | EC               | CORP              | CY        |      9574 | NS      | $59663.37     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Energy Resources Ltd                                | Vulcan Energy Resources, Ltd.                                               | CUSIP: N/A<br>LEI: 8945006OYFHQ9HE4XE54       | Long             | EC               | CORP              | AU        |     92273 | NS      | $221055.36    | 0.46%             |  |  |  | No            |                  1 | On Loan: —       |
| Abrasilver Resource Corp                                   | AbraSilver Resource Corp.                                                   | CUSIP: 00379L304<br>LEI: 254900WR30BQ8MPSYU80 | Long             | EC               | CORP              | CA        |     62088 | NS      | $234810.50    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| New Pacific Metals Corp                                    | New Pacific Metals Corp.                                                    | CUSIP: 64782A107<br>LEI: 549300TC0CSHP59S8103 | Long             | EC               | CORP              | CA        |     42401 | NS      | $56817.34     | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| Firefly Metals Ltd                                         | FireFly Metals, Ltd.                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |     42991 | NS      | $29426.32     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Nac Kazatomprom Jsc                                        | NAC Kazatomprom JSC                                                         | CUSIP: 63253R201<br>LEI: 5493008JG5TXJP2JSY44 | Long             | EC               | CORP              | KZ        |     40214 | NS      | $1737244.80   | 3.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Hudbay Minerals Inc                                        | Hudbay Minerals, Inc.                                                       | CUSIP: 443628102<br>LEI: 894500LX3TMESP27BE29 | Long             | EC               | CORP              | CA        |     34020 | NS      | $360952.20    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Arafura Rare Earths Ltd                                    | Arafura Rare Earths, Ltd.                                                   | CUSIP: N/A<br>LEI: 52990098Y7ZDAOS75K52       | Long             | EC               | CORP              | AU        |   6233881 | NS      | $717995.26    | 1.49%             |  |  |  | No            |                  1 | On Loan: —       |
| Ero Copper Corp                                            | ERO Copper Corp.                                                            | CUSIP: 296006109<br>LEI: 549300KL8A21SEIO8I47 | Long             | EC               | CORP              | CA        |      8698 | NS      | $146909.49    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Tianqi Lithium Corp                                        | Tianqi Lithium Corp.                                                        | CUSIP: N/A<br>LEI: 300300IZ1J0MQ8YVEG66       | Long             | EC               | CORP              | CN        |    139150 | NS      | $513174.29    | 1.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Gogold Resources Inc                                       | GoGold Resources, Inc.                                                      | CUSIP: 38045Y102<br>LEI: 549300PNCGJ26Y676N19 | Long             | EC               | CORP              | CA        |    168326 | NS      | $247220.12    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Capstone Copper Corp                                       | Capstone Copper Corp.                                                       | CUSIP: 14071L108<br>LEI: 549300III6KGKKC42W63 | Long             | EC               | CORP              | CA        |     81284 | NS      | $499015.41    | 1.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Syrah Resources Ltd                                        | Syrah Resources, Ltd.                                                       | CUSIP: N/A<br>LEI: 254900ZS2VP83B6L6Y30       | Long             | EC               | CORP              | AU        |    559383 | NS      | $93880.30     | 0.20%             |  |  |  | No            |                  1 | On Loan: —       |
| N/A                                                        | State Street Navigator Securities Lending Government Money Market Portfolio | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Lithium Ltd                                           | Core Lithium, Ltd.                                                          | CUSIP: N/A<br>LEI: 529900FYS46XFGQKWI31       | Long             | EC               | CORP              | AU        |   2455820 | NS      | $158397.25    | 0.33%             |  |  |  | No            |                  1 | On Loan: —       |
| Sandfire Resources Ltd                                     | Sandfire Resources, Ltd.                                                    | CUSIP: N/A<br>LEI: 213800ZW52P23FVH1V47       | Long             | EC               | CORP              | AU        |     24220 | NS      | $178851.26    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Fuels Inc/canada                                    | Energy Fuels, Inc.                                                          | CUSIP: 292671708<br>LEI: 529900P0GCATXMGK8I62 | Long             | EC               | CORP              | CA        |     68796 | NS      | $395577.00    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-30

**Name of Applicant:** SPROTT FUNDS TRUST

**Signature:** Thomas W. Ulrich

**Name of Signer:** Thomas W. Ulrich

**Title:** Chief Compliance Officer