Sprott Inc. (SII) Earnings Call Transcript & Summary

[Audio Gap] Mr. Arthur Einav, the Corporation's Secretary, will act as a Secretary of the meeting. This year, we have made the decision to hold our Annual Meeting in a virtual-only format via this live webcast online. In order to make the best use of our time, I will move all motions, and I've been advised by Mr. George, Mr. Einav, each proxy holder in attendance today, that each is prepared to second each of the motions I so move. Accordingly, unless there are any objections, I will not require motions to be seconded. As you may be aware, this morning, we announced our first quarter results. Our quarterly conference call to discuss those results took place earlier this morning and recording of the conference call is available on our website. Therefore, please limit any questions today to a discussion of the business of the meeting. With the consent of the meeting, I appoint Christopher de Lima from TSX Trust Company as scrutineer to report on the number of shareholders present and common shares represented at this meeting and to tabulate the votes on the ballots taken at this meeting and to report to me on these matters. Prior to the commencement of this meeting, the scrutineer filed a preliminary report on attendance. I've asked the scrutineer to deliver its formal notice on attendance to the secondary. This year, the corporation used notice and access to deliver its annual financial statements and meeting materials. And as a result, the Notice of Meeting, and the management information circular are accessible on Sprott's website and under Sprott's profile on SEDAR+ and EDGAR. I received the affidavits of publication of the record date for this meeting and of distribution of the notice and access notice and the proxy form. I direct that a copy of the notice together with proof of service be kept by the secretary [Audio Gap] date and involve risks and uncertainties discussed in our filings with securities regulators. A number of factors and assumptions were applied in the formulation of such statements, and actual results could differ materially. For additional information with respect to forward-looking statements, factors and assumptions, we direct you to Sprott's public filings. Before we begin, I would also like to comment on the voting procedures for today's meeting. Only registered shareholders who held shares as of the meeting record date and those persons appointed as proxy holders are entitled to vote and participate at this meeting. Registered shareholders and duly appointed proxy holders who have logged into the TSX Trust virtual meeting platform with their control number and who have not voted and wish to vote during the meeting may vote. Voting on the applicable items of business to come before today's meeting will be conducted by a single electronic ballot. Once the voting is open, you can click on to the voting button on the left side of your screen. From there, the resolution and voting choices will be displayed. To vote, simply select your voting direction from the options shown on the screen. I will advise shareholders when the ballots will be closing. All items of business listed in the proxy circular to be voted on today require approval by way of an ordinary resolution. Once you have access to voting page, you may use the For or Withhold buttons next to the name of each individual director nominee, next to the resolution reappointing KPMG LLP as auditors of the corporation. I now declare the polls open on all resolutions. [Voting]

The financial statements of the corporation for its fiscal year ended December 31, 2023, together with the report of the auditors thereon have been mailed or made available to the shareholders of corporation. In accordance with the Business Corporations Act (Ontario), the financial statements are presented to the meeting, but no other action is required with respect to them. We will now proceed to the election of directors. The management information circular sets forth the background of each of the nominees and the qualifications considered in making director nominations. The proposed nominees as in the circular are Graham Birch, Barbara Connolly Keady, Dinaz Dadyburjor, Whitney George, Judith O'Connell, Catherine Raw and myself, Ronald Dewhurst. Thank you to the nominees for agreeing to stand for election. I move to formally nominate as a director each of the proposed nominees as listed in the management information circular. As there were no nominations in accordance with the advanced notice requirements of the corporation's bylaw, #1, I declare nominations closed. I also move to elect each of the 7 named individuals as Directors of the corporation. As advised earlier, I will take such motions as seconded. The motion is now open for discussion. If you are a restated shareholder or proxy holder of record and would like to discuss, please submit such discussions by using the messaging service on your screen. I will pause for 10 seconds. And after 10 seconds, I would ask the moderator to read any applicable comments or questions.

Mr. Chairman, there are no comments or questions to be addressed.

Thank you, Arthur. You are reminded to complete your ballot on this matter. Appointment of auditors. The next item on the agenda is the appointment of the corporation's auditors. I move that a resolution be approved reappointing KPMG LLP as auditors of the corporation to hold office until the close of the next annual meeting or until a successor is appointed and to authorize a Board to fix their remuneration and terms of engagement and take such motion as seconded. The motion is now open for discussion. As before, I will pause for 10 seconds. And after 10 seconds, I would ask the moderator to read any applicable comments or questions.

Mr. Chairman, there are no comments or questions to be addressed.

Thank you, Arthur. You're reminded to complete your ballot on this matter. For shareholders who have not completed their electronic ballet, you will now have 20 seconds to complete your electronic ballot. Once voting is completed, the scrutineers will compile a report regarding the results of voting on all items of business, and we will reconvene at that time. Once the electronic bulleting closes, the voting page will disappear and your ballots will automatically be submitted. [Voting]