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Commodities•4 May 2026•

1 min read

Sprott Physical Copper Trust Updates $500M ATM Program for NYSE Arca Listing

Key Facts

1Sprott Physical Copper Trust updated its at-the-market equity program to issue up to US$500 million of units.

2The update is in connection with the listing of the Trust's units on the NYSE Arca under the ticker SCOP.

Sprott Physical Copper Trust has officially updated its at-the-market (ATM) equity program to allow for the issuance of up to $500 million in units. This update coincides with the listing of the Trust's units on the NYSE Arca exchange under the ticker symbol SCOP. The move is designed to facilitate capital raising in the U.S. market, supporting the Trust's core strategy of holding physical copper bullion. By utilizing an ATM program, the Trust can issue units incrementally at prevailing market prices, ensuring operational flexibility. This development marks a significant step in Sprott Asset Management's expansion within the global commodities sector. While the program provides necessary liquidity for growth, market participants are weighing the potential for future share dilution against the benefits of increased accessibility.