Michael Kozak

Etienne Ricard

Graham Ryding

Mike Kozak

- The Sprott Physical Silver Trust (PSLV) announced on **October 14, 2025**, that its net asset value (NAV) has surpassed **US$10 billion**.  **[1512920_0001104659-25-099261_tm2528683d1_ex99-1.htm:0]** 
- As of **October 13, 2025**, PSLV held **202.6 million ounces of silver** on behalf of its unitholders.  **[1512920_0001104659-25-099261_tm2528683d1_ex99-1.htm:0]** 
- This milestone coincides with silver prices setting all-time highs and surging demand for physical metal.  **[1512920_0001104659-25-099261_tm2528683d1_ex99-1.htm:0]** 
- The Bourse de Montreal began listing options on the TSX-listed ticker for PSLV on **September 2, 2025**.  **[1512920_0001104659-25-099261_tm2528683d1_ex99-1.htm:0]**

Sprott Physical Silver Trust NAV Reaches $10 Billion

- South Star Battery Metals Corp. (SII) has signed a non-binding indicative term sheet for a **US$4,000,000 loan facility** with Sprott Streaming, with a **3-year maturity**.  **[1512920_4a4c17e93820443a8a2728c1407f4b54_0]** **[1512920_4a4c17e93820443a8a2728c1407f4b54_1]** 
- The funds are designated for the continued development and optimization of the **Phase 1 Santa Cruz Graphite Mine in Brazil**, specifically for equipment adjustments, upgrades, working capital, and process optimization to enhance production from **450 tonnes per month** to **1,000 tonnes per month**.  **[1512920_4a4c17e93820443a8a2728c1407f4b54_0]** **[1512920_4a4c17e93820443a8a2728c1407f4b54_1]** 
- The initial loan tranche of **US$200,000** is conditional on **US$2,000,000** in equity or subordinated debt financing.  **[1512920_4a4c17e93820443a8a2728c1407f4b54_1]** 
- **Darren Prins** has been appointed as the new Chief Financial Officer (CFO), effective immediately.  **[1512920_4a4c17e93820443a8a2728c1407f4b54_0]** **[1512920_4a4c17e93820443a8a2728c1407f4b54_2]**

SPROTT (SII)