Platinum Group Metals Ltd. reports that on October 13, 2022, Minister Gwede Mantashe of the South African Department of Mineral Resources and Energy ruled to dismiss a series of appeals filed in 2021 against the grant of the Waterberg Mining Right. The Waterberg Mining Right was granted on January 28, 2021. The Company subsequently received several objections and notices of appeal, filed by individual appellants from [...]
Infill Drilling Program and Definitive Feasibility Study Update Planned Platinum Group Metals Ltd. reports that Waterberg JV Resources Ltd. has approved in principle a Rand 380 million pre-construction work program for the Waterberg Project, focused on early infrastructure, de-risking and project optimization. An initial budget for the first R 45 million of the Work Program , to be spent by March 31, 2023, has been [...]
Platinum Group Metals Ltd. announces that Greg Blair has been appointed to the position of Chief Financial Officer effective September 27, 2022, following his serving as Interim CFO since July 2021. Mr. Blair will be based in Vancouver and will oversee the Company's global financial reporting obligations and internal and disclosure controls. Mr. Blair's appointment was unanimously approved by the Board of Platinum Group [...]
Platinum Group Metals Ltd. reports that it has entered into a new equity distribution agreement effective as of July 27, 2022 with BMO Nesbit Burns Inc. and BMO Capital Markets Corp. for a new at-the-market equity program . The Distribution Agreement will allow the Company to distribute up to US$50.0 million of common shares of the Company under the 2022 ATM Program. The Offered Shares will be issued by the Company to the [...]
Platinum Group Metals Ltd. reports the Company's financial results for the nine months ended May 31, 2022 and provides a summary of recent events and outlook. The Company is focused 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 [...]
Platinum Group Metals Ltd. announces that it has filed a final short form base shelf prospectus with the securities regulatory authorities in each of the provinces and territories of Canada and a corresponding registration statement on Form F-10 with the United States Securities and Exchange Commission under the Multijurisdictional Disclosure System established between Canada and the United States. The Shelf Prospectus [...]
Platinum Group Metals Ltd. reports that on June 14, 2022, the High Court of South Africa delivered a judgment dismissing a challenge brought by Africa Wide Mineral Prospecting and Exploration Limited , a wholly owned subsidiary of Wesizwe Platinum Limited, to the 2018 sale of the Maseve Mine. In its judgment the High Court dismissed all of the claims for which Africa Wide contended and ordered Africa Wide to make payment [...]
Platinum Group Metals Ltd. reports that the Company and Japan Oil, Gas and Metals National Corporation have signed a formal Memorandum of Understanding acknowledging a consensus to accelerate financing opportunities for the Waterberg Project. Hanwa Co., Ltd. was a witness to the MOU. During a meeting held on the sidelines of the African Mining Indaba in Cape Town on May 10, 2022, representatives of JOGMEC and Platinum [...]
Platinum Group Metals Ltd. reports the Company's financial results for the six months ended February 28, 2022, and provides a summary of recent events and outlook. The Company is focused 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 [...]
Platinum Group Metals Ltd. is pleased to announce positive results from its Annual General Meeting held on February 28, 2022 in Vancouver, British Columbia. The meeting had a turnout of shareholders representing 54.42% 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 the closing on February 11, 2022 of a non-brokered private placement of common shares at price of US$1.695 per common share as previously announced on January 25, 2022. An aggregate of 3,539,823 common shares were subscribed for and issued to existing major beneficial shareholder, Hosken Consolidated Investments Limited , resulting in gross proceeds to the Company of US$6.0 million . On [...]
Platinum Group Metals Ltd. has completed the privately negotiated purchase and cancellation of the Company's US $20 million 6 7/8% Convertible Senior Subordinated Notes due July 1, 2022 pursuant to the agreements previously announced on January 20, 2022. On the purchase of the Notes, the Company issued to the holders, on a private placement basis, an aggregate of 11,793,509 Common Shares of the Company in consideration [...]
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