Platinum Group Metals Ltd. reports the closing on September 18, 2023 of a non-brokered private placement of common shares at a price of US$1.18 per common share as previously announced on September 8, 2023. An aggregate of 2,118,645 common shares were subscribed for and issued to existing major beneficial shareholder, Hosken Consolidated Investments Limited through its subsidiary Deepkloof Limited, resulting in gross [...]
Platinum Group Metals Ltd. reports that it intends, subject to regulatory approval, to sell 2,118,645 common shares of the Company at price of US$1.18 each for gross proceeds of approximately US$2.5 million to existing major beneficial shareholder, Hosken Consolidated Investments Limited . The Company intends to use the net proceeds of the Private Placement for its share of pre-development costs on the Waterberg Project [...]
Platinum Group Metals Ltd. reports the Company's financial results for the nine month period ended May 31, 2023 and provides an update and outlook. The Company is focussed on advancing the Waterberg Project located on the Northern Limb of the Bushveld Complex in South Africa . The Waterberg Project is planned as a fully mechanised, shallow, decline access palladium, platinum, gold and rhodium mine and is projected to be [...]
Platinum Group Metals Ltd. reports that Lion Battery Technologies Inc. has engaged The Battery Innovation Center in Newberry, Indiana to help drive commercialization of its next generation platinum and palladium based battery chemistries. Lion is advancing both proprietary lithium-sulfur and enhanced lithium-ion technology using the unique catalytic properties of platinum and palladium. The BIC is a collaborative [...]
Platinum Group Metals Ltd. reports that the Japan Organization for Metals and Energy Security and Hanwa Co. Ltd. have established a special purpose company, HJ Platinum Metals Ltd. , to hold and fund their future equity interests in the Waterberg platinum group metals project . The combined interests of JOGMEC and Hanwa have been consolidated into a 21.95% interest for HJM going forward, with JOGMEC to fund 75% of future [...]
Platinum Group Metals Ltd. reports that exploration borehole WE153 has intercepted platinum group metals mineralization consistent with both the T Zone and F Zone as found within the mineral resources and reserves of the proposed Waterberg Mine, located on the Northern Limb of the Bushveld Complex in South Africa, . Borehole WE153 was collared on prospecting rights owned by Waterberg JV Resources Ltd. located adjacent to [...]
Platinum Group Metals Ltd. reports the Company's financial results for the six month period ended February 28, 2023 and provides an update and outlook. The Company is focussed on advancing the Waterberg Project located on the Northern Limb of the Bushveld Complex in South Africa . The Waterberg Project is planned as a fully mechanised, shallow, decline access palladium, platinum, gold and rhodium mine and is projected to [...]
Platinum Group Metals Ltd. reports that an infill drill campaign underway since November 2022, at the Waterberg Project, located on the Northern Limb of the Bushveld Complex in South Africa , has been completed. All 16 planned T Zone boreholes and 16 planned F Zone boreholes have been drilled. Drill cores from the completed boreholes have been logged, and the mineralized intercepts recovered have been sampled and sent for [...]
Platinum Group Metals Ltd. is pleased to announce positive results from its Annual General Meeting held on February 28, 2023 in Vancouver, British Columbia. The meeting had a turnout of shareholders representing 52.54% of its issued shares eligible to vote at the meeting. Shareholders strongly supported the appointment of the Board and the resolutions proposed. The number of directors is fixed at six and on a show of [...]
Platinum Group Metals Ltd. reports that an infill drill campaign underway since November, 2022, at the Waterberg Project, located on the Northern Limb of the Bushveld Complex in South Africa , is well advanced. Before a scheduled break over the recent holiday period, 16 planned T Zone boreholes and 6 of 16 planned F Zone boreholes were completed. Drilling is once again underway on site. Drill core from completed boreholes [...]
Platinum Group Metals Ltd. reports the Company's financial results for the three months ended November 30, 2022 and provides an update and outlook. The Company is focussed on advancing the Waterberg Project located on the Northern Limb of the Bushveld Complex in South Africa . The Waterberg Project is planned as a fully mechanised, shallow, decline access palladium, platinum, gold and rhodium mine and is projected to be [...]
Platinum Group Metals Ltd. reports the Company's financial results for the year ended August 31, 2022 and provides an update and outlook. The Company is focussed on advancing the Waterberg Project located on the Northern Limb of the Bushveld Complex in South Africa . The Waterberg Project is planned as a fully mechanised, shallow, decline access palladium, platinum, gold and rhodium mine and is projected to be one of the [...]
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