Exhibit 99.40
SPROTT INC.
Report of Voting Results
Submitted Pursuant to
Section 11.3 of National Instrument 51-102 – Continuous Disclosure Obligations
May 8, 2020
The following briefly describes the matters voted upon and the outcome of the votes at the annual and special meeting (the “Meeting”) of shareholders (“Shareholders”) of Sprott Inc. (the “Company”) held on May 8, 2020.
At the Meeting, Shareholders voted by ballot on the following matters:
1. Election of Directors
The election of each of the following proposed director nominees with the results of voting set forth opposite the name of each nominee:
| Nominee | Votes For | % | Votes Withheld | % |
| Ronald Dewhurst | 127,781,470 | 99.15% | 1,089,004 | 0.85% |
| Graham Birch | 128,106,903 | 99.41% | 763,571 | 0.59% |
| Peter Grosskopf | 127,609,289 | 99.02% | 1,261,185 | 0.98% |
| Sharon Ranson | 127,728,812 | 99.11% | 1,141,662 | 0.89% |
| Arthur Richards Rule IV | 127,868,564 | 99.22% | 1,001,910 | 0.78% |
| Rosemary Zigrossi | 127,490,007 | 98.93% | 1,380,467 | 1.07% |
2. Appointment of Auditors
A resolution re-appointing KPMG LLP as auditors of the Company was passed. The results of the vote were:
| Votes For | % | Votes Withheld | % |
| 168,307,456 | 99.33% | 1,142,502 | 0.67% |
3. Approval of the Common Share Consolidation
A special resolution authorizing the future consolidation of the Company’s issued and outstanding common shares on the basis of one (1) post-consolidation common share for up to ten (10) pre-consolidation common shares at such time as the Company’s board of directors so determines was passed. The results of the vote were:
| Votes For | % | Votes Against | % |
| 163,659,988 | 96.58% | 5,789,970 | 3.42% |
4. Approval of the 2020 Amended and Restated Stock Option Plan
A resolution approving the 2020 Amended and Restated Stock Option Plan, and related matters, as more particularly described in the Management Information Circular dated March 18, 2020 (the “Circular”) of the Company was passed. The results of the vote were:
| Votes For | % | Votes Against | % |
| 110,576,330 | 85.74% | 18,383,433 | 14.26% |
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5. Approval of the 2020 Amended and Restated Employee Profit Sharing Plan
A resolution approving the 2020 Amended and Restated Employee Profit Sharing Plan for non-U.S. employees, and related matters, as more particularly described in the Circular of the Company was passed. The results of the vote were:
| Votes For | % | Votes Against | % |
| 100,327,639 | 77.80% | 28,632,124 | 22.20% |
| 6. | Approval of the 2020 Amended and Restated Equity Incentive Plan for U.S. Service Providers |
A resolution approving the 2020 Amended and Restated Equity Incentive Plan for U.S. Service Providers of the Company and its affiliates, and related matters, as more particularly described in the Circular of the Company was passed. The results of the vote were:
| Votes For | % | Votes Against | % |
| 104,141,785 | 80.76% | 24,817,978 | 19.24% |
DATED this 8th day of May, 2020.
SPROTT INC.
| Per: | /s/ “Arthur Einav” | |
| | Arthur Einav | |
| | Corporate Secretary | |
