The Toronto Stock Exchange reports that Sprott Physical Silver Trust will list additional trust units. As stated in the prospectus supplement dated Dec. 11, 2025, to the short form base shelf prospectus dated May 1, 2025, the trust is issuing up to $1-billion (U.S.) of units to the public pursuant to the at-the-market (ATM) distribution procedures as defined by National Instrument 44-102, Shelf Distributions.

According to the TSX, the ATM sales will be made directly on the TSX, NYSE Arca Inc., or any other existing trading markets in the United States and Canada, during the period commencing Dec. 11, 2025, and ending upon termination of the amended and restated sales agreement dated Dec. 6, 2024, as amended on May 2, 2025. As a result of the ATM procedures, prices may vary as between purchasers and during the period of distribution.