Born in Ottawa, Sprott graduated with a bachelor of commerce from Carleton University (where he would later receive an honorary doctorate) and designation from the Institute of Chartered Accountants. He was awarded the Fellow Chartered Accountant designation in 2011 and was elected Fellow of the Chartered Professional Accountants of Ontario (FCPA, FCA), a designation reserved for those who demonstrate outstanding career achievements and service to the community and profession. Sprott began his career as a research analyst at Merrill Lynch.His ability to uncover the true value of mineral resources and facilitate their journey to successful production became legendary. Sprott’s investments were not just monetary; they were a mark of endorsement, with a “Sprott cheque” becoming synonymous with success in the sector. By 2010, his influence extended to nearly 300 companies, including positions in mining, development, and exploration firms. He was also involved in numerous mergers and takeovers.