Financing ·
Sprott Physical Copper Trust announced an update to its at-the-market (ATM) equity program, replacing a previously…
SPHCFSprott Physical Copper Trust
Sprott Physical Copper Trust announced an update to its at-the-market (ATM) equity program, replacing a previously terminated offering. The new program authorizes the issuance of up to U.S.$250 million in Units across Canada and the United States through agents including Cantor Fitzgerald, Virtu Americas, BMO Capital Markets, and Canaccord Genuity. Sales will occur at prevailing market prices on the NYSE Arca and Toronto Stock Exchange. Proceeds are intended for acquiring physical copper metal. The Trust operates as a closed-ended mutual fund trust that invests in and holds physical copper metal.