Investment adviser · CRD 139022

SPROTT ASSET MANAGEMENT USA INC.

Investment adviser filing (IA)

DARIEN, CT, United States · Form ADV filed Mar 30, 2026

Regulatory AUM: $10.1B
Client accounts: 3,362
Employees: 64
Advisory professionals: 35

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Investment companies	14	$6,531,376,755	64.6%
High-net-worth individuals	1,062	$2,243,213,378	22.2%
Individuals	2,039	$423,537,617	4.2%
Pooled investment vehicles	4	$377,482,701	3.7%
Corporations & businesses	184	$326,135,315	3.2%
Charities	5	$125,309,531	1.2%
Retirement plans	54	$89,692,047	0.9%

Filing source

Form ADV 2087313 · Mar 30, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

13 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

SPROTT HATHAWAY SPECIAL SITUATIONS FUND, LPHedge Fund · Last reported Mar 30, 2026$192MGross asset value

Form D fundraising filings

SPROTT HATHAWAY SPECIAL SITUATIONS FUND, LP

Fund administrator STATE STREET CAYMAN TRUST COMPANY, LTD. GRAND CAYMAN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor KPMG CANADA TORONTO, Canada

Auditor KPMG (CAYMAN) GEORGE TOWN, GRAND CAYMAN, Cayman Islands

Custodian STATE STREET BANK AND TRUST COMPANY BOSTON, Massachusetts, United States Related to adviser: No

Marketer SPROTT GLOBAL RESOURCE INVESTMENTS LTD CARLSBAD, California, United States Related to adviser: Yes

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

KPMG CANADA
PCAOB 85

KPMG (CAYMAN)
PCAOB 1323

SPROTT GLOBAL RESOURCE INVESTMENTS LTD
CRD 35878 · SEC 8-47039

Fund details & source

Fund ID: 805-4331425706
Reported beneficial owners: 24
Minimum commitment: $1M
Form D file number: 021-334541

Form ADV 2087313 · Mar 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

RESOURCE EXPLORATION AND DEVELOPMENT PRIVATE PLACEMENT QP, LPHedge Fund · Last reported Mar 30, 2026$76.8MGross asset value

Form D fundraising filings

Resource Exploration & Development Private Placement QP, LP

Fund administrator CITCO (CANADA) INC. TORONTO, Canada Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor KPMG LLP TORONTO, Canada

Custodian RBC CAPITAL MARKETS, LLC MINNEAPOLIS, Minnesota, United States Related to adviser: No

Marketer SCP RESOURCE FINANCE TORONTO, Canada Related to adviser: Yes

Marketer SPROTT GLOBAL RESOURCE INVESTMENTS LTD CARLSBAD, California, United States Related to adviser: Yes

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

KPMG LLP
PCAOB 85

RBC CAPITAL MARKETS, LLC
SEC 8-45411

SPROTT GLOBAL RESOURCE INVESTMENTS LTD
CRD 35878 · SEC 8-47039

Fund details & source

Fund ID: 805-3979173316
Reported beneficial owners: 74
Minimum commitment: $250K
Form D file number: 021-462174

Form ADV 2087313 · Mar 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

SPROTT PHYSICAL COMMODITIES FUND LPHedge Fund · Last reported Mar 30, 2026$54.8MGross asset value

Form D fundraising filings

Sprott Physical Commodities Fund, LP

Feeder funds

SPROTT PHYSICAL COMMODITIES OFFSHORE FUND LP

Fund administrator CITCO (CANADA) INC. TORONTO, Canada Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor KPMG (CANADA) TORONTO, Canada

Auditor KPMG (CAYMAN) GRAND CAYMAN, Cayman Islands

Custodian C. STEINWEG- HANDELSVEEM B.V. ROTTERDAM, Netherlands Related to adviser: No

Custodian RBC CAPITAL MARKETS, LLC MINNEAPOLIS, Minnesota, United States Related to adviser: No

Marketer SPROTT GLOBAL RESOURCE INVESTMENTS LTD CARLSBAD, California, United States Related to adviser: Yes

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

KPMG (CANADA)
PCAOB 85

KPMG (CAYMAN)
PCAOB 1323

RBC CAPITAL MARKETS, LLC
SEC 8-45411

SPROTT GLOBAL RESOURCE INVESTMENTS LTD
CRD 35878 · SEC 8-47039

Fund details & source

Fund ID: 805-8382065828
Reported beneficial owners: 38
Minimum commitment: $1M
Form D file number: 021-497076

Form ADV 2087313 · Mar 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

RESOURCE EXPLORATION AND DEVELOPMENT PRIVATE PLACEMENT, LPHedge Fund · Last reported Mar 30, 2026$53.5MGross asset value

Form D fundraising filings

Resource Exploration & Development Private Placement, LP

Fund administrator CITCO (CANADA) INC. TORONTO, Canada Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor KPMG LLP TORONTO, Canada

Custodian RBC CAPITAL MARKETS, LLC MINNEAPOLIS, Minnesota, United States Related to adviser: No

Marketer SCP REAL ASSETS, LLC TORONTO, Canada Related to adviser: No

Marketer SPROTT GLOBAL RESOURCE INVESTMENTS LTD CARLSBAD, California, United States Related to adviser: Yes

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

KPMG LLP
PCAOB 85

RBC CAPITAL MARKETS, LLC
SEC 8-45411

SCP REAL ASSETS, LLC
CRD 333667 · SEC 8-71315

SPROTT GLOBAL RESOURCE INVESTMENTS LTD
CRD 35878 · SEC 8-47039

Fund details & source

Fund ID: 805-3831575217
Reported beneficial owners: 68
Minimum commitment: $250K
Form D file number: 021-429341

Form ADV 2087313 · Mar 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

EXPLORATION CAPITAL PARTNERS 2008 LPPrivate Equity Fund · Last reported Mar 28, 2013$106MGross asset value

Auditor SPICER JEFFRIES LLP GREENWOOD VILLAGE, Colorado, United States

Custodian RBC CAPITAL MARKETS, LLC MINNEAPOLIS, Minnesota, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: No
External marketing: No

RBC CAPITAL MARKETS, LLC
SEC 8-45411

Fund details & source

Fund ID: 805-5554463944
Reported beneficial owners: 99
Minimum commitment: $100K
Form D file number: 021-1448424

Form ADV 713133 · Mar 28, 2013 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

EXPLORATION CAPITAL PARTNERS 1998-B LPPrivate Equity Fund · Last reported Mar 28, 2013$88.6MGross asset value

Auditor SPICER JEFFRIES LLP GREENWOOD VILLAGE, Colorado, United States

Custodian RBC CAPITAL MARKETS, LLC MINNEAPOLIS, Minnesota, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: No
External marketing: No

RBC CAPITAL MARKETS, LLC
SEC 8-45411

Fund details & source

Fund ID: 805-4172506598
Reported beneficial owners: 70
Minimum commitment: $40K
Form D file number: 021-1413482

Form ADV 713133 · Mar 28, 2013 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

EXPLORATION CAPITAL PARTNERS 2000 LPPrivate Equity Fund · Last reported Mar 28, 2013$87.2MGross asset value

Auditor SPICER JEFFRIES LLP GREENWOOD VILLAGE, Colorado, United States

Custodian RBC CAPITAL MARKETS, LLC MINNEAPOLIS, Minnesota, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: No
External marketing: No

RBC CAPITAL MARKETS, LLC
SEC 8-45411

Fund details & source

Fund ID: 805-3668554858
Reported beneficial owners: 93
Minimum commitment: $50K
Form D file number: 021-1127457

Form ADV 713133 · Mar 28, 2013 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Mar 30, 2026. View historical filings

Reported services

Financial planning · Individual portfolio management · Investment company portfolio management · Pooled investment vehicle management · Business portfolio management

Compensation

Percentage of assets · Performance-based

Principal office

320 POST ROAD, SUITE 230
DARIEN, CT, 06820, United States

CRD 139022

Filing source

Form ADV 2087313 · Mar 30, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.