Sprott Resource Corp. is a Canada-based company engaged in investing in natural resources through direct acquisitions, joint ventures, and equity investments. The Company has two subsidiaries, One Earth Resources Corp. (One Earth Resources) and Ontario Ltd. (Holdco). On August 18, 2008, Holdco amalgamated with Stonegate Minerals Ltd. (Stonegate Minerals) to form Stonegate Agricom Ltd. (Stonegate Agricom). On October 1, 2008, the Company acquired Waseca Energy Inc. (Waseca). During the year ended December 31, 2008, the Company completed the sale of PBS Coals Limited.