Investment Team
Justin Tolman, BSc (Hons), MBA
Managing Partner, Sprott Inc. and Senior Portfolio Manager & Economic Geologist, Sprott Asset Management USA
Managing Partner, Sprott Inc. and Senior Portfolio Manager & Economic Geologist, Sprott Asset Management USA
Justin Tolman is Managing Partner, Sprott Inc. and Senior Portfolio Manager & Economic Geologist, Sprott Asset Management USA, Inc. He joined Sprott in 2018 as an economic geologist. He specializes in project and company evaluations. Mr. Tolman is a Portfolio Manager for the Sprott Gold Equity Fund, Sprott Concentrated M&A Strategy, Sprott Active Metals & Miners ETF (METL) and Sprott Active Gold & Silver Miners ETF (GBUG). For the two decades prior to joining Sprott, Mr. Tolman held a series of increasingly senior roles with global mining and exploration companies, including Newmont, New Gold, Exeter Resources and MIM holdings, managing programs and leading discovery teams across the globe. Mr. Tolman holds a BSc with 1st Class Honors in Economic Geology from James Cook University (Queensland) and an MBA from La Trobe University (Victoria). He is a fellow of the Society of Economic Geologists, a member of the Australian Institute of Geoscientists, and is a registered Professional Geologist with the APGO.
Insights by Justin Tolman
Video
Metals and Miners: Policy Over Price
Markets are changing and policy is becoming just as important as price in shaping the outlook for critical materials. In this edition of Metals in Motion, Sprott's Justin Tolman explains how government intervention, supply chain security and market volatility are creating new opportunities across metals and mining, while highlighting what investors should watch in the second half of 2026.
Topics: Critical Materials, Copper, Uranium, Lithium, Silver
Interview
Metals & Mining: Year in Review, Future in Focus
Host Ed Coyne speaks to Sprott CEO Whitney George and Senior Portfolio Manager Justin Tolman about the firm's strong performance in 2025, highlighting significant gains across gold, silver, copper and related strategies, driven by resource nationalization and supply disruptions. Looking ahead to 2026, they anticipate continued opportunities, increased investor interest and ongoing M&A activity as the mining and metals space gains broader recognition.
Topics: Gold, Copper, Critical Materials, Silver, Uranium
Webcast Replay
Navigating Gold’s Next Chapter: A Conversation with John Hathaway and Justin Tolman
Sprott Portfolio Managers John Hathaway and Justin Tolman break down the powerful forces driving this year's gold and precious metals rally. They provide insights on market catalysts, mining equity valuations and explore how today’s environment compares to prior positive cycles. Learn more about how Sprott's deep technical expertise and on-the-ground diligence enhance its investment approach in the metals and mining space.
Sprott Webcast Replay
Going Beneath the Surface: Active Management in Metals & Mining ETFs
Join Sprott’s expert team for an exclusive webcast replay exploring the powerful forces reshaping the metals and mining landscape, from surging energy demand and AI growth to tightening supply chains. Discover how Sprott’s active, research-driven ETF approach helps investors navigate volatility, and learn more about GBUG and METL.
Topics: Gold, Silver, Critical Materials
Special Report
Steel Meets Rising Global Electricity Demand
Steel is emerging as a strategic material in meeting global electricity demands, underpinning everything from power generation and transmission to electric vehicles and grid modernization. Demand for green steel is accelerating with market forecasts projecting rapid growth relative to traditional steel.
Topics: Steel
Special Report
Can Recycling Close the Critical Materials Supply Gap?
As demand for critical materials accelerates, can recycling keep pace? Justin Tolman examines the recycling outlook for copper, lithium, rare earths, silver and other essential materials, explaining why recycling will play an increasingly important role in strengthening supply chains, but why new mining will remain indispensable to meeting future demand.