Platinum Group Metals Ltd. reports that the Company intends, subject to regulatory approval, to sell 1,146,790 common shares of the Company at price of US$2.18 each for gross proceeds of 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 in [...]
Platinum Group Metals Ltd. is pleased to announce that it has been added to the S&P/TSX SmallCap Index as of September 21, 2020. The S&P/TSX SmallCap Index provides an investable index for the Canadian small cap market and was developed with industry input as the ideal benchmark for those with small cap exposure to the Canadian equity market. Platinum Group Metals is listed on the TSX as PTM and on the NYSE.A as PLG. The [...]
Platinum Group Metals Ltd. and subsidiary Lion Battery Technologies Inc. reports that the U.S. Patent and Trademark Office has issued Patent No. 10,734,636 B2 entitled "Battery Cathodes for Improved Stability" to Florida International University . Under a sponsored agreement , Lion has exclusive rights to all technology being developed by FIU included patents granted. The patent includes the use of platinum group metals [...]
Platinum Group Metals Ltd. reports that it has entered into an Equity Distribution Agreement with BMO Capital Markets Corp. , effective as of September 4, 2020. Under the Sales Agreement, Platinum Group may sell its common shares in the capital of the Company from time to time for up to US$12.0 million in aggregate sales proceeds in "at-the-market" transactions. No offers or sales of common shares will be made in Canada [...]
Platinum Group Metals Ltd. reports the Company's financial results for the nine months ended May 31, 2020 and provides a summary of recent events and outlook. For details of the condensed consolidated interim financial statements and Management's Discussion and Analysis for the nine months ended May 31, 2020 please see the Company's filings on SEDAR or on EDGAR . Shareholders are encouraged to visit the Company's website [...]
Hosken Consolidated Investments announced today that on June 17, 2020, it acquired, through its subsidiary Deepkloof Limited, 500,000 common shares of Platinum Group Metals Ltd. on a private placement basis at a price of US$1.40 per share for total consideration of US$700,000. This acquisition brings HCI's total holdings in the common shares of PTM to 20,081,988, or 31.591%. On November 15, 2019, 3,742,999 warrants of PTM [...]
Platinum Group Metals reports closing of the Company's previously announced non-brokered private placement of common shares at price of US $1.40 each. An aggregate of 1,221,500 common shares were subscribed for and issued resulting in gross proceeds to the Company of US $1.71 million. A 6% cash finder's fee in the amount of US $37,926 was paid in cash on a portion of the Private Placement. Hosken Consolidated Investments [...]
Platinum Group Metals Ltd. reports that this morning Impala Platinum Holdings Ltd. has given formal notice that it does not intend to exercise its option to purchase and earn into a 50.01% interest in the Waterberg Project. Implats stated that "notwithstanding the positive progress achieved on the Call Period Program to date, and the strategic alignment between the Waterberg asset and Implats stated portfolio objectives [...]
Platinum Group Metals reports that the Company intends, subject to regulatory approval, to offer and sell an aggregate of 1,428,600 common shares of the Company at price of US$1.40 each for gross proceeds of US$2.0 million . An existing major beneficial shareholder of the Company, Hosken Consolidated Investments Limited, is expected to participate in the Private Placement. A 6.0% cash finder's fee is expected to be paid [...]
Platinum Group Metals Ltd. ; reports the Company's financial results for the six months ended February 29, 2020 and provides a summary of recent events and outlook. An implementation budget and work program are now underway advancing the Company's palladium dominant Waterberg project, located on the North Limb of the Bushveld Complex in South Africa . The budget and program are 100% funded by [...]
Platinum Group Metals Ltd. reports that shareholders of Waterberg JV Resources Proprietary Limited have executed a formal Amended Purchase and Development Option agreement with Impala Platinum Holdings Ltd. . In consideration for the amendment, announced February 27, 2020, Implats is funding 100% of a new implementation budget and work program effective February 1, 2020. The Work Program, as approved by Waterberg JV Co [...]
Platinum Group Metals Ltd. and Impala Platinum Holdings Ltd. announce that the shareholders of Waterberg JV Resources Proprietary Limited have agreed to amend the terms of the Implats Purchase and Development Option , which was due to be exercised on April 17, 2020 following the Waterberg JV Co.'s approval of the 2019 Definitive Feasibility Study on December 5, 2019. In consideration for this amendment, Implats has agreed [...]