In This Article:
TORONTO, March 17, 2025 (GLOBE NEWSWIRE) -- Sprott Asset Management LP (“Sprott Asset Management”), a wholly-owned subsidiary of Sprott Inc. (“Sprott”) (NYSE/TSX: SII), on behalf of the Sprott Physical Copper Trust (TSX: COP.UN) (TSX: COP.U) (the “Trust” or “COP”), a closed-ended trust created to invest and hold substantially all of its assets in physical copper metal, today announced that NYSE Arca has filed an application with the Securities and Exchange Commission (the “SEC”) to list and trade COP’s trust units (the “Units)” on NYSE Arca (the “NYSE Application”) in order to permit a dual-listing of the Units on both the TSX and NYSE Arca.
“We believe a U.S. listing of Sprott Physical Copper Trust Units would provide U.S. investors with easier access to the only exchange listed physical copper fund. Copper is a critical material essential to meet growing demand for electricity generation, distribution and storage,” said John Ciampaglia, CEO of Sprott Asset Management.
The NYSE Application has not been approved by the SEC. Any listing of the Units on NYSE Arca will be subject to the SEC’s approval of the NYSE Application and the effectiveness of a registration statement under the U.S. Securities Exchange Act of 1934 in respect of the listing. Sprott cannot provide any assurance that it will be successful in achieving a listing of the Units on the NYSE Arca.
About Sprott
Sprott Asset Management is a wholly-owned subsidiary of Sprott and is the investment manager to the Trust. Sprott is a global leader in precious metals and critical materials investments. At Sprott, we are specialists. We believe our in-depth knowledge, experience and relationships separate us from the generalists. Our investment strategies include Exchange Listed Products, Managed Equities and Private Strategies. Sprott has offices in Toronto, New York, Connecticut and California and Sprott’s common shares are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol “SII”. For more information, please visit www.sprott.com.
About the Trust
Important information about the Trust, including the investment objectives and strategies, applicable management fees, and expenses, is contained in the prospectus. Please read the prospectus carefully before investing. You will usually pay brokerage fees to your dealer if you purchase or sell units of the Trust on a stock exchange. If the units are purchased or sold on a stock exchange, investors may pay more than the current net asset value when buying units or shares of the Trusts and may receive less than the current net asset value when selling them. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.