Sprott Inc.

Sprott has declared a quarterly dividend of $0.40 per share, in line with its previous payout. The forward yield is 1.53 percent. The dividend is payable on September 1 to shareholders of record as of August 17, with the ex-dividend date also on August 17.

Sprott Physical Copper Trust has updated its at-the-market equity program to issue up to US$250 million of units in Canada and the United States. The new program replaces the previous at-the-market equity program announced on May 4, 2026, which has been terminated. Sales will be made through agents including Cantor Fitzgerald, Virtu Americas, BMO Capital Markets, and Canaccord Genuity on exchanges such as the NYSE Arca and the Toronto Stock Exchange at prevailing market prices. The trust intends to use any proceeds to acquire physical copper metal in line with its investment objective. The offering is made under a prospectus supplement dated July 29, 2026, with documents available on EDGAR and SEDAR+.

Sprott Asset Management Director Jacob White expressed a constructive long-term view on silver despite recent price swings. White noted that silver surged from an average of roughly US$24 per ounce in 2024 to as high as US$117 to US$118 per ounce in early 2026 before pulling back to around US$60 per ounce, yet remains well above historical levels. He highlighted silver's dual role as a monetary metal and industrial commodity, with demand supported by central bank activity, inflation concerns, and currency debasement fears. Industrial demand is strengthening, driven by silver's unmatched electrical conductivity and the rapid buildout of solar energy infrastructure, which is creating sustained incremental demand. On the supply side, the market has faced seven consecutive years of deficits, with most silver produced as a byproduct of other mining operations, limiting the ability to quickly ramp up output and further tightening the market.