The Adviser is an investment adviser with its principal place of business in Toronto, Ontario, Canada. The Adviser commenced operations as an investment adviser on November 20, 2002. The Adviser is a wholly- owned subsidiary of Sprott Inc. (Ticker: SII), a public company whose securities are listed on the Toronto Stock Exchange and the New York Stock Exchange. The Adviser’s investment advisory business in the United States consists of (i) providing impersonal investment advice in the form of model portfolios (the “Sprott Model Portfolios”) to an affiliated investment adviser registered under the Advisers Act; and (ii) certain of the Adviser’s personnel serve as portfolio managers to a fund registered under the U.S. Investment Company Act of 1940, as amended (“1940 Act”). The Adviser provides the Sprott Model Portfolios to Sprott USA, and Sprott USA in turn makes the Sprott Model Portfolios available to its clients as it deems appropriate and exercises its own judgment in deciding whether a particular Sprott Model Portfolio is suitable for a particular client account. The primary objective of the Sprott Model Portfolios is to provide long-term capital growth. The Sprott Model Portfolios investment strategies focus primarily on equities that are directly or indirectly involved in the exploration, mining, production or distribution of precious metals and minerals. Additionally, some assets could be allocated into bullion, cash and exchange-traded funds (“ETFs”). The Adviser creates, tracks and updates the Sprott Model Portfolios without regard to the specific investment objectives and strategies of the Sprott USA clients. Sprott USA monitors the model performance and is responsible for implementing trades on behalf of its client accounts. In addition, Sprott USA has the discretion to adjust the Sprott Model Portfolios or otherwise implement the

Sprott Model Portfolios as it determines appropriate for its clients. The Adviser updates the Sprott Model Portfolios periodically. The Adviser does not have discretion over client assets with respect to the Sprott Model Portfolios. The Adviser provides investment advisory services to Sprott Gold Equity Fund, an open-end mutual fund whose Investor Class A and Institutional Class I shares are listed and traded on the Nasdaq National Market (collectively with Sprott USA, “SAM Clients”), through the participation of the Adviser’s employees, Maria Smirnova and Shree Kargutkar (the “Canadian PMs”), as portfolio managers to Sprott Gold Equity Fund. Sprott Gold Equity Fund’s investment goal is long-term capital appreciation, which it seeks by investing at least 80% of its net assets, plus borrowings for investment purposes, in gold and other precious metals and securities of companies located throughout the world that are engaged in mining or processing gold. Sprott USA is the primary investment adviser of Sprott Gold Equity Fund. The Adviser provides tailored advice to Sprott Gold Equity Fund based on its specific investment objectives and strategies. The principal place of business of the Adviser is outside of the United States. Thus, consistent with SEC statements, the substantive provisions of the Advisers Act generally do not apply to clients of the Adviser that are not U.S. persons, including non-U.S. private funds.1 As of December 31, 2023, the Adviser had approximately $1,415,745,983 in regulatory assets under management, of which $792,126,223 are managed on a non-discretionary basis and $623,619,760 are managed on a discretionary basis. 1 See, e.g., Private Fund Advisers; Documentation of Registered Investment Adviser Compliance Reviews, Investment Advisers Act Release No. 6383 (Aug. 23, 2023) [88 FR 63206 (Sept 14, 2023)].