Sprott Junior Copper Miners ETF · NASDAQ:COPJ
Sprott Junior Copper Miners ETF — Sprott Rare Earths Ex-China ETF — Investor Presentation (June 2026)
39 slides from Sprott Junior Copper Miners ETF's investor presentation, Jun 30, 2026
Slide 1: Sprott Rare Earths Ex-China ETF Investor Presentation
Sprott Rare Earths Ex-China ETF Nasdaq: REXC Investment Opportunity Driven by National Security Priorities Investor Presentation June 30, 2026 V6 8/5/2026
Slide 2: Presentation Outline
Presentation Outline Content Slides Sprott Rare Earths Ex-China ETF (REXC): Introduction 3 The Rare Earths Investment Case: The Strategic Demand Imperative 4-15 The Rare Earths Investment Case: National Security in a China-Dominated Supply Chain 16-20 Policy Catalysts Support Ex-China Rare Earths 21
Slide 3: Sprott Rare Earths Ex-China ETF (Nasdaq: REXC)
Sprott Rare Earths Ex-China ETF (REXC) Sprott Rare Earths Ex-China ETF (Nasdaq: REXC) Sprott Rare Earths Ex-China ETF (Nasdaq: REXC) is the only1 ETF providing focused pure-play2 exposure to rare earths companies. The ETF invests exclusively in companies outside of China that may have significant gr
Slide 4: The Rare Earths Investment Case: The Strategic Demand Imperative
The Rare Earths Investment Case: The Strategic Demand Imperative Sprott Rare Earths Ex-China ETF | 4
Slide 5: What Are the Rare Earth Elements?
What Are the Rare Earth Elements? Rare Earth Elements (REEs) are a group of 17 chemically similar DIFFERENTIATED PROPERTIES metallic elements • Properties: Lustrous and silvery white with unique magnetic, phosphorescent and catalytic properties. The Rare Earth Elements (REEs) • Applications: Indispe
Slide 6: How Rare Earths Fit Within the Critical Materials Landscape
How Rare Earths Fit Within the Critical Materials Landscape • Critical materials—including uranium, copper, silver, lithium REEs are a Subset of Critical Materials and nickel—are essential inputs for electrification, energy storage, infrastructure and industrial production. • A material is considere
Slide 7: Rare Earths Are Essential to Permanent Magnets, and Far More
Rare Earths Are Essential to Permanent Magnets, and Far More 1 Yttrium is classified with HREEs but is not relatively less abundant. Source: Bloomberg New Energy Finance (BNEF), Rare-Earth Demand in Clean Energy, 9/14/2020. Some adjustments were made based on recent market developments by Sprott. Sp
Slide 8: Rare Earths Are Critical for Strategic Sectors
Rare Earths Are Critical for Strategic Sectors Source: Sprott Inc. Sprott Rare Earths Ex-China ETF | 8
Slide 9: Investment in Strategic Sectors Up 78% Since 2020
Investment in Strategic Sectors Up 78% Since 2020 • Strategic spending is accelerating. Total investment $6,000 Defense Energy Transition Artifical Intelligence across defense, the energy transition and AI is up 78% since 2020. $5,000 o Defense: +36% o Energy Transition: +137% o AI: +324% $4,000 • A
Slide 10: Rare Earths Power Core Defense Capabilities
Rare Earths Power Core Defense Capabilities • Rare earths are essential inputs for modern defense Rare Earths are a High Supply Risk in Military Applications systems because they enable high-performance in platforms that cannot easily substitute away from them. • Permanent magnets are the core deman
Slide 11: A New Defense Spending Cycle Is Underway
A New Defense Spending Cycle Is Underway • NATO Defense Spending Is Surging. NATO has pledged World Defense Spending Is Increasing to raise defense spending to 5% of GDP by 2035, double 4.5% $3.0 today’s 2.5%. • Spending is split between core defense and defense- $2.5 related investment. At least 3.
Slide 12: Rare Earths: Power in the Palm of Your Hand
Rare Earths: Power in the Palm of Your Hand • Your smartphone is a mini rare earth device. Key rare earth elements help power the screen, speakers, camera, and vibration motor you use every day. • Clear sound, sharp images, and vibration all rely on rare earth magnets. Without them, phones would be
Slide 13: AI Data Center Buildout Has Increased Rare Earths Demand
AI Data Center Buildout Has Increased Rare Earths Demand 900 • AI and data center buildout is accelerating quickly: annual investment grew from $100B in 2015 to $500B in 20241. The five largest 800 hyperscalers2 alone had over $400B in capex for 2025, 72% higher than 2024. 2026 guidance is for over
Slide 14: Energy Is a Major Driver of Rare Earths Demand
Energy Is a Major Driver of Rare Earths Demand IEA Magnet Rare Earths Demand Forecasts • EVs: Use rare earth permanent magnets in their electric motors, making them a major driver of rare earths demand. • Wind turbines: Rare earth permanent magnets enable direct-drive (gearless) turbines that reduce
Slide 15: An Urgent and Persistent Driver: Energy Security
An Urgent and Persistent Driver: Energy Security • Energy security is now paramount. Nations are rapidly China Leads Clean Energy Generation building diversified energy systems, including nuclear and 35% 4,500 renewables, to insulate themselves from geopolitical, China Clean Energy Generation (TWh)
Slide 16: National Security in a China-Dominated Supply Chain
The Rare Earths Investment Case: National Security in a China- Dominated Supply Chain Sprott Rare Earths Ex-China ETF | 16
Slide 17: China Has Risen to Rare Earth Dominance
China Has Risen to Rare Earth Dominance • The U.S. used to lead the world. The Mountain Pass mine in California dominated global rare earth production and exports from about 1960 until the 1990s. • The U.S. industry declined as China scaled and costs diverged. • China’s dominance was policy-driven,
Slide 18: China's Rare Earths Export Controls Act as a Trade Lever
China’s Rare Earths Export Controls Act as a Trade Lever • 2023: China banned exports of rare earth extraction and separation technologies, making it harder for other countries to build midstream capacity outside China. • April 2025: China introduced immediate, case-by-case export licensing requirem
Slide 19: China Is Increasingly Weaponizing Its Dominance
China Is Increasingly Weaponizing Its Dominance China’s control is a catalyst for rare earths prices: China has placed export controls on rare earths and other critical materials. In 2010, China restricted rare earths exports and cut off shipments to Japan, causing a 26-fold price increase (January
Slide 20: The Geopolitical Environment May Create Ex-China Market Opportunities
The Geopolitical Environment May Create Ex-China Market Opportunities As the world seeks to diversify away from China, ex-China capacity may be supported. The IEA forecasts the largest three mining countries’ magnet rare earths share to fall from 86% in 2024 to 74% in 2030. Source: “Global Critical
Slide 21: Policy Catalysts Support Ex-China Rare Earths
Policy Catalysts Support Ex-China Rare Earths Sprott Rare Earths Ex-China ETF | 21
Slide 22: Rare Earths Security Is a Top Policy Priority
Rare Earths Security Is a Top Policy Priority • Rare earths are now standard on strategic/critical mineral lists Rare Earths: High Supply Risk and Critically Important across major economies. • They are often flagged as being subject to high supply risk, while being increasingly critical to economic
Slide 23: U.S. Allies Strengthen Rare Earths Supply Outside China
U.S. Allies Strengthen Rare Earths Supply Outside China • U.S. Policy Catalyst Section 232 (January 2026) Announcement that imports of critical materials threaten national security and are pursuing negotiated remedies, including agreements for critical materials, and a potential for price floors and
Slide 24: Price Floors: A New Policy Tool to Break China's Pricing Gravity
Price Floors: A New Policy Tool to Break China’s Pricing Gravity $250 • Price floors are emerging as a new policy tool to break China’s pricing gravity, which may support a new ex-China market. $200 • MP Materials (U.S.) locked in a $110/kg NdPr price floor on July 10, 2025 with the U.S. Department
Slide 25: Price Bifurcation May Accelerate Ex-China Investment Opportunity
Price Bifurcation May Accelerate Ex-China Investment Opportunity • Export controls triggered a split market for rare China Export Controls Spike Covered REEs Prices in Europe earths. After China’s April 4, 2025 controls on multiple heavy rare earths, regional importers experienced sustained price di
Slide 26: Financing Deals Are Supporting Ex-China Rare Earths Companies
Financing Deals Are Supporting Ex-China Rare Earths Companies Government-backed financing is increasingly de-risking ex-China supply chains, Selected Rare Earths Deals1 improving revenue visibility and giving ex-China miners and refiners more $6,000 leverage to advance projects with lower-cost and l
Slide 27: Sprott Rare Earths Ex-China ETF Fund Overview
Sprott Rare Earths Ex-China ETF (Nasdaq: REXC) Fund Overview Sprott Rare Earths Ex-China ETF | 27
Slide 28: Sprott Rare Earths Ex-China ETF (REXC)
Sprott Rare Earths Ex-China ETF (REXC) Sprott Rare Earths Ex-China ETF (REXC) Sprott Rare Earths Ex-China ETF (Nasdaq: REXC) is the only1 ETF Investment Objective Sprott Rare Earths Ex-China ETF (Nasdaq: REXC) seeks to provide providing focused pure-play2 exposure to rare earths companies. The ETF i
Slide 29: Sprott Rare Earths Ex-China ETF Composition
Sprott Rare Earths Ex-China ETF (REXC) Sprott Rare Earths Ex-China ETF Composition Index Portfolio Characteristics Index Company Domicile Breakdown (As of 6/30/2026) (As of 6/30/2026) • Number of Issuers: 41 • Market Cap (millions): $51,727 • Weighted Avg. Company Market Cap (millions): $5,340 • Mar
Slide 30: Performance History
Sprott Rare Earths Ex-China ETF (REXC) Performance History Performance: Average Annual Total Returns* (%) QUARTER END AS OF 6/30/2026 1 MO S.I.1 Sprott Rare Earths Ex-China ETF (Net Asset Value) -11.94 -3.53 Sprott Rare Earths Ex-China ETF (Market Price)2 -12.24 -3.38 Nasdaq Sprott Rare Earths Ex-Ch
Slide 31: Sprott ETFs
Sprott ETFs Sprott Diversified Metals & Mining ETFs Sprott Precious Metals ETFs Sprott Active Sprott Active Sprott Gold Sprott Junior Gold Sprott Silver Metals & Miners Gold & Silver Miners ETF Miners ETF Miners & Physical ETF Miners ETF Silver ETF Sprott Critical Materials ETFs Sprott Critical Spro
Slide 32: A Global Leader in Precious Metals and Critical Materials Investments
A Global Leader in Precious Metals and Critical Materials Investments US$55.6B in AUM1 Sprott (SII) is publicly listed on the NYSE and TSX Exchange Listed Products Managed Equities Private Strategies $47.9 Billion AUM $5.6 Billion AUM $2 Billion AUM • Physical Bullion Trusts • Flagship U.S. Gold Equ
Slide 33: Sprott's Rare Earths Expertise
Sprott’s Rare Earths Expertise Sprott brings established rare earths expertise through its broader metals and critical materials strategies. Sprott Critical Materials ETF (Nasdaq: SETM) provides pure-play1 Sprott Active Metals & Miners ETF (Nasdaq: METL) is an actively access to a range of critical
Slide 34: Sprott Client Services Team
Sprott Client Services Team Sprott Rare Earths Ex-China ETF | 34
Slide 35: Distributor Contact Details
Distributor Contact Details ALPS Distributors, Inc. 1290 Broadway, Suite 1000 Denver, CO 80203 Sprott Rare Earths Ex-China ETF | 35
Slide 36: Risk Disclosures and Other Important Information
Risk Disclosures and Other Important Information Sprott Rare Earths Ex-China ETF (Nasdaq: REXC) An investor should consider the investment objectives, risks, charges and expenses carefully before investing. To obtain a Sprott Rare Earths Ex-China ETF Statutory Prospectus, which contains this and oth
Slide 37: Appendix
Appendix Sprott Rare Earths Ex-China ETF | 37
Slide 38: Appendix: Rare Earth Elements (Light REEs)
Appendix Element Symbol Characteristics Scandium Sc Used to make light alloys for the aerospace industry, as a radioactive tracer and in lamps. LIGHT REES Lanthanum La The most reactive REE and a white metal. Used to manufacture specialized optical glasses including infrared absorbing glass as well
Slide 39: Appendix: Rare Earth Elements (Heavy REEs)
Appendix Element Symbol Characteristics HEAVY REES Europium Eu A hard metal used to create visible light in compact fluorescent bulbs and color displays such as in LCD televisions. It is also used to make the special phosphors marks on the Euro notes to help prevent counterfeiting. Gadolinium Gd Gad
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