<SEC-DOCUMENT>0000919574-22-006509.txt : 20221114
<SEC-HEADER>0000919574-22-006509.hdr.sgml : 20221114
<ACCEPTANCE-DATETIME>20221110174852
ACCESSION NUMBER:		0000919574-22-006509
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20220930
FILED AS OF DATE:		20221114
DATE AS OF CHANGE:		20221110
EFFECTIVENESS DATE:		20221114

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
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	028-14703
		FILM NUMBER:		221378847

	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
<SEQUENCE>1
<FILENAME>primary_doc.xml
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      <filer>
        <credentials>
          <cik>0001512920</cik>
          <ccc>XXXXXXXX</ccc>
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      <periodOfReport>09-30-2022</periodOfReport>
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    <coverPage>
      <reportCalendarOrQuarter>09-30-2022</reportCalendarOrQuarter>
      <isAmendment>false</isAmendment>
      <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>
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      <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>11-10-2022</signatureDate>
    </signatureBlock>
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    <titleOfClass>COM</titleOfClass>
    <cusip>237266101</cusip>
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      <sshPrnamt>6674</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
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      <Sole>6674</Sole>
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      <None>0</None>
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    <cusip>248356107</cusip>
    <value>3846</value>
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      <sshPrnamt>3301180</sshPrnamt>
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      <Sole>3301180</Sole>
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      <None>0</None>
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    <nameOfIssuer>ELDORADO GOLD CORP NEW</nameOfIssuer>
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    <cusip>284902509</cusip>
    <value>223</value>
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      <sshPrnamt>37018</sshPrnamt>
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    <votingAuthority>
      <Sole>37018</Sole>
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      <None>0</None>
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    <cusip>28474P201</cusip>
    <value>196</value>
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      <sshPrnamt>70659</sshPrnamt>
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    <votingAuthority>
      <Sole>70659</Sole>
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      <None>0</None>
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    <titleOfClass>COM</titleOfClass>
    <cusip>26873J107</cusip>
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      <sshPrnamt>3781609</sshPrnamt>
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      <Sole>3781609</Sole>
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      <None>0</None>
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    <nameOfIssuer>ENDEAVOUR SILVER CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>29258Y103</cusip>
    <value>36</value>
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      <sshPrnamt>11781</sshPrnamt>
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      <Sole>11781</Sole>
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      <None>0</None>
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    <value>123</value>
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      <sshPrnamt>20078</sshPrnamt>
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      <Sole>20078</Sole>
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      <None>0</None>
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    <nameOfIssuer>EQUINOX GOLD CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>29446Y502</cusip>
    <value>21192</value>
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      <sshPrnamt>5832406</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>5832406</Sole>
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      <None>0</None>
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    <nameOfIssuer>ERO COPPER CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>296006109</cusip>
    <value>8017</value>
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      <sshPrnamt>728772</sshPrnamt>
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    <votingAuthority>
      <Sole>728772</Sole>
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      <None>0</None>
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    <nameOfIssuer>EXXON MOBIL CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>30231G102</cusip>
    <value>6237</value>
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      <sshPrnamt>71433</sshPrnamt>
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    <votingAuthority>
      <Sole>71433</Sole>
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      <None>0</None>
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    <nameOfIssuer>FEDERATED HERMES INC</nameOfIssuer>
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    <cusip>314211103</cusip>
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      <sshPrnamt>325000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>325000</Sole>
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      <None>0</None>
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    <nameOfIssuer>FIRST MAJESTIC SILVER CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>32076V103</cusip>
    <value>5987</value>
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      <sshPrnamt>784312</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>784312</Sole>
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      <None>0</None>
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    <nameOfIssuer>FIRST TR EXCHANGE-TRADED FD</nameOfIssuer>
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    <cusip>33733E807</cusip>
    <value>418</value>
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      <sshPrnamt>18280</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>18280</Sole>
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      <None>0</None>
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    <nameOfIssuer>FORTUNA SILVER MINES INC</nameOfIssuer>
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      <sshPrnamt>2989698</sshPrnamt>
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      <Sole>2989698</Sole>
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      <None>0</None>
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    <nameOfIssuer>FRANCO NEV CORP</nameOfIssuer>
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    <cusip>351858105</cusip>
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      <sshPrnamt>211956</sshPrnamt>
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      <Sole>211956</Sole>
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      <None>0</None>
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    <cusip>35671D857</cusip>
    <value>534</value>
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      <sshPrnamt>19544</sshPrnamt>
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    <votingAuthority>
      <Sole>19544</Sole>
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      <None>0</None>
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    <cusip>30292L107</cusip>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>120000</Sole>
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      <None>0</None>
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    <nameOfIssuer>FURY GOLD MINES LIMITED</nameOfIssuer>
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    <cusip>36117T100</cusip>
    <value>10</value>
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    <nameOfIssuer>GOLD FIELDS LTD</nameOfIssuer>
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      <Sole>250628</Sole>
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    <titleOfClass>COM</titleOfClass>
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    <cusip>46428Q109</cusip>
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    <cusip>46428Q109</cusip>
    <value>1246</value>
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    <cusip>464287432</cusip>
    <value>1805</value>
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    <cusip>464287432</cusip>
    <value>3801</value>
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    <titleOfClass>COM</titleOfClass>
    <cusip>46564T107</cusip>
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    <cusip>489398107</cusip>
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    <titleOfClass>COM</titleOfClass>
    <cusip>496902404</cusip>
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      <Sole>290000</Sole>
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  <infoTable>
    <nameOfIssuer>KINROSS GOLD CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>496902404</cusip>
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    <cusip>55903Q104</cusip>
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    <cusip>58039P305</cusip>
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      <sshPrnamt>9325</sshPrnamt>
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      <sshPrnamt>21739</sshPrnamt>
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    <cusip>651639106</cusip>
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    <cusip>66987E206</cusip>
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    <cusip>670346105</cusip>
    <value>9790</value>
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    <cusip>67077M108</cusip>
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    <nameOfIssuer>ORLA MNG LTD NEW</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>68634K106</cusip>
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    <cusip>68828E809</cusip>
    <value>4778</value>
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    <nameOfIssuer>PAN AMERN SILVER CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>697900108</cusip>
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    <nameOfIssuer>PIMCO ETF TR</nameOfIssuer>
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    <cusip>72201R882</cusip>
    <value>217</value>
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    <cusip>74347G705</cusip>
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    <nameOfIssuer>RELIANCE STEEL &amp; ALUMINUM CO</nameOfIssuer>
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    <cusip>810186106</cusip>
    <value>237</value>
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    <titleOfClass>COM</titleOfClass>
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    <cusip>82575P107</cusip>
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    <titleOfClass>COM</titleOfClass>
    <cusip>826599102</cusip>
    <value>495</value>
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    <titleOfClass>COM</titleOfClass>
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    <titleOfClass>COM</titleOfClass>
    <cusip>828363101</cusip>
    <value>46713</value>
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      <Sole>8428365</Sole>
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    <nameOfIssuer>SKEENA RES LTD NEW</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>83056P715</cusip>
    <value>5484</value>
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    <nameOfIssuer>SMART SAND INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>83191H107</cusip>
    <value>1170</value>
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    <nameOfIssuer>SOCIEDAD QUIMICA Y MINERA DE</nameOfIssuer>
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    <cusip>833635105</cusip>
    <value>1492</value>
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    <nameOfIssuer>SPDR GOLD TR</nameOfIssuer>
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    <cusip>78463V107</cusip>
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      <Sole>4825</Sole>
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    <nameOfIssuer>SPDR SER TR</nameOfIssuer>
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    <cusip>78468R663</cusip>
    <value>8037</value>
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      <Sole>87740</Sole>
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    <nameOfIssuer>SPROTT ESG GOLD ETF</nameOfIssuer>
    <titleOfClass>UNITS BEN INT</titleOfClass>
    <cusip>85210H109</cusip>
    <value>9369</value>
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</SEC-DOCUMENT>
