The funding will be used to bring the project to near-term production and for working capital purposes.
Hummingbird would raise the funds by placing of 1.51-million new ordinary shares, at 33p apiece, with the long-term shareholder.
Hummingbird Resources CEO Dan Betts said: "Sprott is a long term shareholder in Hummingbird and we are delighted that following a recent site visit they are supporting the Company in this placing.
"Sprott has a long track record of successful investments in the natural resources sector and their investment is a further endorsement of our strategy."
Yanfolila gold project is estimated to have nearly 1.8-million-ounce gold reserve. The production on the project is scheduled to start during the first half of 2016.
