Sprott Inc. announced on March 6, 2025, that the Toronto Stock Exchange (TSX) approved the renewal of its Normal Course Issuer Bid (NCIB). Under the terms of the renewed NCIB, Sprott may purchase up to 645,333 of its common shares for cancellation.
This maximum number of shares represents approximately 2.5% of the 25,813,335 common shares issued and outstanding as of February 28, 2025. The purchases will be made through the facilities of the TSX, alternative Canadian trading systems, and/or the New York Stock Exchange.
Sprott believes that its common shares have been trading in a price range that does not adequately reflect their value in relation to the company's business and future prospects. The NCIB will commence on March 11, 2025, and conclude on March 10, 2026, providing a mechanism for capital return to shareholders.
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