On September 9, 2024, Sprott Physical Platinum and Palladium Trust launched an at-the-market offering of trust units worth up to USD $50 million (CAD $67.75 million). Proceeds were allocated to acquiring physical platinum and palladium bullion, enhancing liquidity and institutional accessibility.

Legal advisors included Stikeman Elliott LLP (Canada) and Seward & Kissel LLP (U.S.) for the Trust, and Borden Ladner Gervais LLP (Canada) and Cooley LLP (U.S.) for the offering agents, which were Cantor Fitzgerald & Co., Virtu Americas LLC, and Virtu ITG Canada Corp. The agents earned a 3% commission.

The offering complied with NI 44-102 and was conditionally approved by the TSX and NYSE Arca.