Sprott Inc.Sprott Inc. sponsors the trust; the program allows the trust to raise up to US$250 million to buy physical copper, potentially increasing assets under management and fee income.

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 Inc.Sprott Inc. sponsors the trust; the program allows the trust to raise up to US$250 million to buy physical copper, potentially increasing assets under management and fee income.
Bank of Montreal
Virtu Financial, Inc.