The Sprott Uranium Miners ETF is an exchange-traded fund engaged in the business of tracking the market value of companies related to the uranium metal industry. The fund's raised capital is used to invest in the equities of publicly traded enterprises primarily engaged in uranium exploration, mining, and refining businesses. The product does not directly purchase and store radioactive physical uranium, but instead provides market participants with a securitized tracking vehicle targeting overall price movements of companies in the nuclear fuel supply chain.