Sprott Snapshot
Sprott has been on a quest for some good investments. Formerly a mortgage investor named Quest Capital, the company in 2010 changed its name to Sprott Resource Lending to reflect its new focus on natural resources lending. It now provides bridge and mezzanine loans to the mining and oil and gas industries. The company was previously an asset-based lender but sold those operations in 2007 and converted to a mortgage investor. Quest halted new loan production activities the following year to wait out the rough economy. Sprott Consulting manages the rebranded firm (along with other companies including Sprott Resources Corp.).