Mr. Glen Williams reports

SPROTT ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID

The Toronto Stock Exchange has approved Sprott Inc.'s notice of intention to make a normal course issuer bid (NCIB). Pursuant to the terms of the NCIB, Sprott may purchase its own common shares for cancellation through the facilities of the TSX, Canadian alternative trading systems, the New York Stock Exchange and/or U.S. alternative 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 per cent of the 25,786,258 issued and outstanding common shares as of Feb. 28, 2026. The average daily trading volume of the common shares on the TSX for the six-month period ended Feb. 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 per cent 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.

In addition to providing shareholders with liquidity, Sprott believes that the NCIB represents an attractive investment and manner in which to return capital to shareholders.

Under its current NCIB that commenced on March 11, 2025, and will terminate March 10, 2026, Sprott previously sought and received approval from the TSX to repurchase up to 645,333 common shares. Pursuant to its current NCIB, Sprott has purchased an aggregate of common shares through the facilities of the TSX, alternative Canadian trading systems, the NYSE and alternative U.S. trading systems. 11,691 common shares were purchased on the TSX or alternative Canadian trading systems at a weighted average price of $60.45 per common share, for total cash consideration of $706,720.95, and 15,386 common shares were purchased on the NYSE or alternative U.S. trading systems at a weighted average price of $64.97 (U.S.) per common share, for total cash consideration of $999,628.42 (U.S.). Sprott did not repurchase the maximum allowance under the current NCIB due to a combination of market-related factors.

The company has also entered into an automatic share purchase plan (ASPP) with its designated broker in connection with the NCIB. The ASPP allows for the purchase of common shares under the NCIB at times when Sprott normally would not be active in the market due to applicable regulatory restrictions or internal trading blackout periods. Before the commencement of any particular internal trading blackout period, Sprott may, but is not required to, instruct its designated broker to make purchases of the common shares under the NCIB during the ensuing blackout period in accordance with the terms of the ASPP. Such purchases will be determined by the broker in its sole discretion based on parameters established by the company prior to commencement of the applicable blackout period in accordance with the terms of the ASPP and applicable TSX rules. Outside of these blackout periods, common shares will be purchasable by Sprott at its discretion under its NCIB. The ASPP will be effective concurrently with the NCIB and constitutes an automatic securities purchase plan under applicable Canadian securities laws.

About Sprott Inc.

Sprott is a global asset manager focused on precious metals and critical materials investments. The company is a specialist. The company believes its in-depth knowledge, experience and relationships separate it from the generalists. Sprott's investment strategies include exchange-listed products, managed equities and private strategies. Sprott has offices in Toronto, New York, Connecticut and California and the company's common shares are listed on the NYSE and the TSX under the symbol SII.

We seek Safe Harbor.