Sprott Asset Management LP announced on June 12, 2025, that the Sprott Physical Platinum and Palladium Trust has updated its At-the-Market (ATM) equity program. This update allows for the issuance of up to an additional US$100 million of units in the United States and Canada.
The proceeds from this expanded ATM program are intended to be used by the Trust to acquire physical platinum and palladium bullion. This action aligns with the Trust's objective of providing investors with direct exposure to these precious metals.
This financing initiative supports the continued growth of the Trust's assets under management. The updated program is being made pursuant to new prospectus supplements filed with the SEC and Canadian securities administrators.
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