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][3]. - Sales of units will occur on the NYSE Arca and the Toronto Stock Exchange at prevailing market prices, with the timing and volume of sales determined at the Trust's discretion [3][4]. - Proceeds from the program will be utilized to acquire physical platinum and palladium bullion, aligning with the Trust's investment objectives [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][9]. - The Trust's investment strategies include Exchange Listed Products, Managed Equities, and Private Strategies [8].