Sprott Physical Gold and Silver Trust Updates Its “At-the-Market” Equity Program

Core Viewpoint - Sprott Asset Management has announced an update to its at-the-market equity program, allowing the issuance of up to U.S.$250 million in units of the Sprott Physical Gold and Silver Trust, aimed at investing in physical gold and silver bullion [1][4]. Group 1: Equity Program Details - The updated at-the-market equity program will be executed under an amended sales agreement, with distributions occurring in the U.S. and Canada [2][3]. - The sales of units will be conducted through various agents, including Cantor Fitzgerald and BMO Capital Markets, with sales prices varying based on market conditions at the time of sale [3][4]. - The Trust will determine the volume and timing of distributions at its discretion, intending to use proceeds to acquire physical gold and silver bullion [4]. Group 2: Offering Documents - The offering is made pursuant to a prospectus supplement dated May 2, 2025, which is part of the Trust's registration statement filed with the SEC [5]. - The U.S. and Canadian prospectus supplements are available on the SEC and SEDAR+ websites, respectively [5][6]. Group 3: Company Background - Sprott Asset Management is a subsidiary of Sprott Inc., specializing in precious metals and critical materials investments, with a focus on various investment strategies [8]. - The Trust's investment objectives, management fees, and expenses are detailed in its annual information form for the year ended December 31, 2024 [9].