<SEC-DOCUMENT>0000919574-20-007503.txt : 20201214
<SEC-HEADER>0000919574-20-007503.hdr.sgml : 20201214
<ACCEPTANCE-DATETIME>20201214152843
ACCESSION NUMBER:		0000919574-20-007503
CONFORMED SUBMISSION TYPE:	13F-HR/A
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20200930
FILED AS OF DATE:		20201214
DATE AS OF CHANGE:		20201214
EFFECTIVENESS DATE:		20201214

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SPROTT INC.
		CENTRAL INDEX KEY:			0001512920
		STANDARD INDUSTRIAL CLASSIFICATION:	FINANCE SERVICES [6199]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A6

	FILING VALUES:
		FORM TYPE:		13F-HR/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	028-14703
		FILM NUMBER:		201386039

	BUSINESS ADDRESS:	
		STREET 1:		ROYAL BANK PLAZA, SOUTH TOWER
		STREET 2:		200 BAY STREET, SUITE 2600
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5J 2J1
		BUSINESS PHONE:		416-943-4065

	MAIL ADDRESS:	
		STREET 1:		ROYAL BANK PLAZA, SOUTH TOWER
		STREET 2:		200 BAY STREET, SUITE 2600
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5J 2J1
</SEC-HEADER>
<DOCUMENT>
<TYPE>13F-HR/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
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  <headerData>
    <submissionType>13F-HR/A</submissionType>
    <filerInfo>
      <liveTestFlag>LIVE</liveTestFlag>
      <flags>
        <confirmingCopyFlag>false</confirmingCopyFlag>
        <returnCopyFlag>true</returnCopyFlag>
        <overrideInternetFlag>false</overrideInternetFlag>
      </flags>
      <filer>
        <credentials>
          <cik>0001512920</cik>
          <ccc>XXXXXXXX</ccc>
        </credentials>
      </filer>
      <periodOfReport>09-30-2020</periodOfReport>
    </filerInfo>
  </headerData>
  <formData>
    <coverPage>
      <reportCalendarOrQuarter>09-30-2020</reportCalendarOrQuarter>
      <isAmendment>true</isAmendment>
      <amendmentNo>1</amendmentNo>
      <amendmentInfo>
        <amendmentType>RESTATEMENT</amendmentType>
        <confDeniedExpired>false</confDeniedExpired>
      </amendmentInfo>
      <filingManager>
        <name>SPROTT INC.</name>
        <address>
          <ns1:street1>Royal Bank Plaza, South Tower</ns1:street1>
          <ns1:street2>200 Bay Street, Suite 2600</ns1:street2>
          <ns1:city>Toronto</ns1:city>
          <ns1:stateOrCountry>A6</ns1:stateOrCountry>
          <ns1:zipCode>M5J 2J1</ns1:zipCode>
        </address>
      </filingManager>
      <reportType>13F HOLDINGS REPORT</reportType>
      <form13FFileNumber>028-14703</form13FFileNumber>
      <provideInfoForInstruction5>N</provideInfoForInstruction5>
    </coverPage>
    <signatureBlock>
      <name>Thomas W. Ulrich</name>
      <title>Chief Compliance Officer</title>
      <phone>203-656-2401</phone>
      <signature>/s/ Thomas W. Ulrich</signature>
      <city>Darien</city>
      <stateOrCountry>CT</stateOrCountry>
      <signatureDate>12-14-2020</signatureDate>
    </signatureBlock>
    <summaryPage>
      <otherIncludedManagersCount>0</otherIncludedManagersCount>
      <tableEntryTotal>93</tableEntryTotal>
      <tableValueTotal>1302218</tableValueTotal>
    </summaryPage>
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</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>INFORMATION TABLE
<SEQUENCE>2
<FILENAME>infotable.xml
<TEXT>
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    <nameOfIssuer>ARTISAN PARTNERS ASSET MGMT</nameOfIssuer>
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    <nameOfIssuer>ATLAS CORP</nameOfIssuer>
    <titleOfClass>SHS</titleOfClass>
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    </votingAuthority>
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    <nameOfIssuer>FIRST MAJESTIC SILVER CORP</nameOfIssuer>
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      <None>0</None>
    </votingAuthority>
  </infoTable>
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    </votingAuthority>
  </infoTable>
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    <nameOfIssuer>FRANCO NEV CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
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    <titleOfClass>COM</titleOfClass>
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    <value>7326</value>
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    <nameOfIssuer>FREEPORT-MCMORAN INC</nameOfIssuer>
    <titleOfClass>CL B</titleOfClass>
    <cusip>35671D857</cusip>
    <value>200</value>
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    <nameOfIssuer>FRP HLDGS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>30292L107</cusip>
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      <None>0</None>
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    <titleOfClass>COM</titleOfClass>
    <cusip>371901109</cusip>
    <value>1545</value>
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    <nameOfIssuer>GOLD FIELDS LTD</nameOfIssuer>
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    <cusip>38059T106</cusip>
    <value>52509</value>
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    <cusip>380738104</cusip>
    <value>2368</value>
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    <cusip>38119T807</cusip>
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    <nameOfIssuer>GRAFTECH INTL LTD</nameOfIssuer>
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    <value>200</value>
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    <votingAuthority>
      <Sole>29234</Sole>
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    <nameOfIssuer>GREAT PANTHER MNG LTD</nameOfIssuer>
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    <cusip>39115V101</cusip>
    <value>77</value>
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    <votingAuthority>
      <Sole>88167</Sole>
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      <None>0</None>
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      <sshPrnamt>903975</sshPrnamt>
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    <votingAuthority>
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      <None>0</None>
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    <nameOfIssuer>HELMERICH &amp; PAYNE INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>423452101</cusip>
    <value>7684</value>
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      <Sole>524510</Sole>
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      <None>0</None>
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    <nameOfIssuer>INDUSTRIAS BACHOCO S A B DE</nameOfIssuer>
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    <cusip>456463108</cusip>
    <value>2681</value>
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    <nameOfIssuer>INTERNATIONAL TOWER HILL MIN</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
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    <cusip>46140H106</cusip>
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      <sshPrnamt>13750</sshPrnamt>
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      <Sole>13750</Sole>
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      <None>0</None>
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    <nameOfIssuer>ISHARES GOLD TRUST</nameOfIssuer>
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    <cusip>464285105</cusip>
    <value>527</value>
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      <sshPrnamt>29270</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>29270</Sole>
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      <None>0</None>
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    <nameOfIssuer>ISHARES SILVER TR</nameOfIssuer>
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    <cusip>46428Q109</cusip>
    <value>473</value>
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      <sshPrnamt>21867</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
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      <Sole>21867</Sole>
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    <nameOfIssuer>ISHARES TR</nameOfIssuer>
    <titleOfClass>3 7 YR TREAS BD</titleOfClass>
    <cusip>464288661</cusip>
    <value>360</value>
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      <sshPrnamt>2692</sshPrnamt>
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      <Sole>2692</Sole>
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    <nameOfIssuer>ISHARES TR</nameOfIssuer>
    <titleOfClass>1 3 YR TREAS BD</titleOfClass>
    <cusip>464287457</cusip>
    <value>372</value>
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    <nameOfIssuer>KENNEDY-WILSON HOLDINGS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
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    <nameOfIssuer>KINROSS GOLD CORP</nameOfIssuer>
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    <cusip>55903Q104</cusip>
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    <nameOfIssuer>MCEWEN MNG INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>58039P107</cusip>
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    <titleOfClass>COM</titleOfClass>
    <cusip>651639106</cusip>
    <value>54145</value>
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      <sshPrnamt>853355</sshPrnamt>
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      <Sole>853355</Sole>
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    <nameOfIssuer>NEXGEN ENERGY LTD</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>65340P106</cusip>
    <value>2111</value>
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      <Sole>1217234</Sole>
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    <nameOfIssuer>NOVAGOLD RES INC</nameOfIssuer>
    <titleOfClass>COM NEW</titleOfClass>
    <cusip>66987E206</cusip>
    <value>72999</value>
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      <Sole>6264720</Sole>
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    <titleOfClass>COM</titleOfClass>
    <cusip>67077M108</cusip>
    <value>903</value>
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      <Sole>23012</Sole>
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    <nameOfIssuer>OSISKO GOLD ROYALTIES LTD</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>68827L101</cusip>
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      <Sole>4698099</Sole>
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    <nameOfIssuer>PARAMOUNT GOLD NEV CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>69924M109</cusip>
    <value>101</value>
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    <titleOfClass>COM</titleOfClass>
    <cusip>72765Q882</cusip>
    <value>425</value>
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      <Sole>211080</Sole>
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    <nameOfIssuer>PRETIUM RES INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>74139C102</cusip>
    <value>28040</value>
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      <Sole>2191480</Sole>
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    <nameOfIssuer>RELIANCE STEEL &amp; ALUMINUM CO</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>759509102</cusip>
    <value>8163</value>
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    <nameOfIssuer>ROYAL GOLD INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>780287108</cusip>
    <value>32645</value>
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      <sshPrnamt>271654</sshPrnamt>
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      <Sole>271654</Sole>
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    <nameOfIssuer>SANDERSON FARMS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>800013104</cusip>
    <value>7078</value>
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    <investmentDiscretion>SOLE</investmentDiscretion>
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    <nameOfIssuer>SANDSTORM GOLD LTD</nameOfIssuer>
    <titleOfClass>COM NEW</titleOfClass>
    <cusip>80013R206</cusip>
    <value>23236</value>
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      <Sole>2753068</Sole>
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    <nameOfIssuer>SEABRIDGE GOLD INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>811916105</cusip>
    <value>7799</value>
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      <Sole>415190</Sole>
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    <cusip>82575P107</cusip>
    <value>20544</value>
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