Sprott Receives Approval for Normal Course Issuer Bid from Toronto Stock Exchange
Sprott announced that the Toronto Stock Exchange has approved the Company's notice of intention to make a normal course issuer bid. Pursuant to the terms of the NCIB, Sprott may purchase its own common shares for cancellation through the facilities of the TSX, Canadian alternate trading systems, the New York Stock Exchange and/or U.S. alternate trading systems, in each case in accordance with the applicable requirements, and as otherwise permitted under applicable securities laws. The maximum number of common shares which may be purchased by Sprott during the NCIB will not exceed 1,289,312 common shares being approximately 5.0% of 25,786,258. The average daily trading volume of the common shares on the TSX for the six-month period ended February 28, 2026 was 84,018. Under the rules of the TSX, Sprott is entitled to repurchase during the same trading day on the TSX up to 25% of the ADTV of the common shares, being 21,004 common shares, except where such purchases are made in accordance with the "block purchase" exemption under applicable TSX policy. Sprott will effect purchases at varying times commencing on March 11, 2026 and ending on March 10, 2027.
