TORONTO, April 11, 2025 (GLOBE NEWSWIRE) -- Sprott Asset Management LP ('Sprott Asset Management”), a subsidiary of Sprott Inc., on behalf of the Sprott Physical Gold Trust (NYSE: PHYS) (TSX: PHYS / PHYS.U) (the 'Trust”), a closed-ended mutual fund trust created to invest and hold substantially all of its assets in physical gold bullion, today announced that the Trust has updated its at-the-market equity program ('ATM Program”) to issue an additional US$1 billion of units of the Trust ('Units”) in the United States and Canada pursuant to a prospectus supplement dated April 11, 2025 (the 'Prospectus Supplement”) to the short form base shelf prospectus dated September 6, 2024 (the 'Base Shelf Prospectus”). Copies of the Prospectus Supplement and the Base Shelf Prospectus are available on EDGAR at the website of the United States Securities and Exchange Commission (the 'SEC”) at www.sec.gov and the SEDAR+ website maintained by the Canadian Securities Administrators at www.sedarplus.ca. Distributions will no longer be made under previous ATM Program prospectus supplements, including the amended and restated prospectus supplement dated December 6, 2024.