06:25 AM EDT, 09/10/2024 (MT Newswires) -- Sprott Physical Platinum and Palladium Trust ( SPPP ) said on Monday that it updated its "at-the-market" equity program to issue up to US$50 million of units of the trust in the U.S. and Canada.

Sales of units will be made through at-the-market issuances on the NYSE Arca and the TSX or other trading markets in the U.S. and Canada at the market price at the time of each sale.

Proceeds from the at-the-market program will be used by the trust to acquire physical platinum and palladium bullion, subject to investment and operating restrictions.