Sprott Physical Platinum and Palladium 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 Platinum and Palladium Trust, aimed at investing in physical platinum and palladium bullion [1][4]. Group 1: Equity Program Details - The updated at-the-market equity program will be executed under an amended sales agreement with various agents, including Cantor Fitzgerald and BMO Capital Markets [2]. - Sales of units will occur through "at the market" issuances on the NYSE Arca and the Toronto Stock Exchange, with prices varying based on market conditions at the time of sale [3]. - The Trust retains discretion over the volume and timing of distributions under the program, intending to use proceeds for acquiring physical platinum and palladium [4]. Group 2: Offering Documents - The offering is made pursuant to a prospectus supplement dated October 10, 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]. 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 in-depth knowledge and experience in the sector [8]. - The company operates offices in multiple locations, including Toronto and New York, and is listed on the NYSE and TSX under the symbol "SII" [9].