Sprott's own fund (sponsor view): the only pure-play rare-earth ETF — ≥50%-revenue screen, ~96% rare-earth exposure, ex-China to ride Western reshoring as China's export controls bite; 34 names, ~48% Australia / 40% US, over half small/mid cap.
In one line: A Sprott ETF-team product sponsor, not an independent analyst: China's grip on rare earths (~69% of mining, 90%+ of refining and magnets) plus its export controls is pushing the West to reshore supply, and Sprott's pure-play, ex-China REXC is built to own that reshoring. Read every stance here as a sponsor's pitch for his own fund.
Rare earths are critical, not rare. 17 chemically similar elements found throughout the earth's crust but seldom in concentrations worth mining; used in defense (missile guidance, radar), AI data-center cooling motors, displays, phone vibration magnets, robotics, wind turbines and EV motors (2026-JUL-18).
China owns the chokepoint. The US led production in the early-to-mid 1990s; over three decades China took ~69% of mining and over 90% of refining and magnet production, and its export controls now restrict access to materials critical to "national and economic defense." Western governments are responding with programs and investment to reshore (2026-JUL-18).
Buy the theme through a pure play, ex-China. REXC screens ~1,000 miners twice a year and keeps only those with ≥50% of revenue from rare earths, for ~96% exposure versus single digits to high-20s for funds marketed as rare-earth ETFs. 34 holdings, ~48% Australia / 40% US / 8% Canada, and more than half in small and mid caps (2026-JUL-18).
What it is: Sprott Asset Management's ETF line (sprottetfs.com), which Schoffstall's team runs as "pure play" thematic funds on critical materials and precious metals. The site also has an insights section with monthly commentaries and video content on critical materials, precious metals and rare earths (free to read).
Offering
What it is
How he runs it
Seen in the index
Rare Earths ex-China ETF
An exchange-traded basket of rare-earth companies outside China.
Twice-yearly screen of ~1,000 miners; only companies with ≥50% of revenue from rare-earth mining, smelting or production; ~96% rare-earth exposure across 34 holdings.
Monthly commentaries and videos on sprottetfs.com.
Education on critical materials, precious metals and rare earths.
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How it serves retail investors: a single listed fund gives exposure to a theme that is otherwise hard to buy — mostly small Australian, US and Canadian miners — without picking individual companies.
The purity screen is the selling point: it answers the question retail buyers rarely check, whether a fund named for a theme actually holds it. The same test works on any thematic ETF (see the actionable insights).
Know the risk: with ~62% in small and mid caps, the fund will likely swing much more than the metals themselves, and the pitch comes from the fund's sponsor.
Transcripts
One dated page per appearance — each has its stock table, talking points, and the saved transcript. Newest first.