 TORONTO, March 01, 2021 GLOBE NEWSWIRE -- Sprott Inc. Sprott or the Company NYSETSX: SII announced that the Toronto Stock Exchange TSX has approved the notice of its intention to make a normal course issuer bid NCIB. Pursuant to the terms of the NCIB, Sprott may purchase its own common shares for cancellation through the facilities of the TSX, alternative Canadian trading systems andor the New York Stock Exchange, in each case in accordance with the applicable requirements, and as otherwise permitted under applicable securities laws. The maximum number of common shares which may be purchased by Sprott during the NCIB will not exceed 642,576 common shares being approximately 2.5 of 25,703,074 representing the number of issued and outstanding common shares as of February 18, 2021. The average daily trading volume the ADTV of the common shares on the TSX for the six-month period ended January 31, 2021 was 78,293. Under the rules of the TSX, Sprott is entitled to repurchase during the same trading day on the TSX up to 25 of the ADTV of the common shares, being 19,573 common shares, except where such purchases are made in accordance with the block purchase exemption under applicable TSX policy. Sprott will effect purchases at varying times commencing on March 3, 2021 and ending on March 2, 2022. 