Eastern Platinum Ltd. today announced that its Board of Directors has received unproven whistleblower allegations, including allegations of undisclosed related party transactions pertaining to the sale of chrome concentrate at discounted prices . The Board has determined that it is in the best interests of the Company to form a special committee consisting of two independent directors, George Graham Dorin and Xin Guan [...]
Eastern Platinum Ltd. is pleased to report that it has filed its Audited Consolidated Financial Statements for the fiscal year ended December 31, 2022 and the corresponding Management's Discussion and Analysis and Annual Information Form. Below is a summary of the Company's financial results for the fourth quarter of 2022 and for the fiscal year ended December 31, 2022 in comparison to the same respective periods in 2021 [...]
Eastern Platinum Ltd. today announced the offering to its shareholders of rights to acquire common shares of the Company at the close of business on the record date of Thursday, April 6, 2023 , on the basis of one Right for each Common Share held. Each Right will entitle the holder to subscribe for one Common Share of the Company upon payment of the subscription price of Cdn$0.11 or ZAR 1.4564 per Common Share [...]
Eastern Platinum Ltd. announced that it has amended and restated its condensed interim consolidated financial statements for the three and nine months ended September 30, 2022 and the corresponding management's discussion and analysis . The restatement is due to a change in Eastplats' accounting policies and determination from management of when revenue should be recognized in accordance with International Financial [...]
Eastern Platinum Ltd. is pleased to announce that the Terms For Crocodile River Tailings Concentrate between Impala Platinum Limited , a subsidiary of Impala Platinum Holdings Ltd. , and Barplats Mine Ltd, a wholly owned subsidiary of Eastplats, signed on September 29, 2020 for delivery of platinum group metals tailings concentrate to Impala has been extended. All terms and conditions as provided for in the Agreement will [...]
Eastern Platinum Ltd. is pleased to report that it has filed its condensed interim consolidated financial statements for the three and nine months ended September 30, 2022 and the corresponding management's discussion and analysis. Below is a summary of the Company's financial results for the third quarter of 2022 and for the nine months ended September 30, 2022 in comparison to the same respective period in 2021 [...]
Eastern Platinum Ltd. announces the signed pipeline finance agreement between Investec Bank Limited and Barplats Mine Ltd, a wholly owned subsidiary of Eastplats, which delivers tailings platinum group metals to Impala Platinum Limited previously announced on September 22, 2022, has been updated. The maximum size of the credit facility was reduced from R150 million to R110 million . The facility will be used for working [...]
Eastern Platinum Ltd. announces that Ms. Hannelie Hanson, Chief Operating Officer , has resigned from the Company to pursue new career opportunities. Wanjin Yang, Chief Executive Officer and President of the Company stated, "Hannelie has been a valued member of the South African management team for several years and provided significant contributions to the retreatment project, restart of Zandfontein underground [...]
Eastern Platinum Ltd. is pleased to announce it has signed a finance facility agreement with Investec Bank Limited , which will be used for working capital purposes and funding the restart of the Zandfontein underground section of its flagship Crocodile River Mine, located near Brits, South Africa. Investec is a leading South African international banking and wealth management group. Highlights of the key terms of the [...]
Eastern Platinum Ltd. is pleased to report that it has filed its condensed interim consolidated financial statements for the three and six months ended June 30, 2022 and the corresponding management's discussion and analysis. Below is a summary of the Company's financial results for the second quarter of 2022 and for the six months ended June 30, 2022 in comparison to the same respective period in 2021 : Revenue for Q2 [...]
Eastern Platinum Ltd. is pleased to announce the promotion of Hannelie Hanson to Chief Operating Officer from General Manager, South Africa Operations of the Company. Ms. Hanson has over 24 years of experience in mining as a technical specialist and a strategic leader. She heads up the operations and projects in South Africa and drives proper planning, accountability, optimization & innovation, communication, and [...]
Eastern Platinum Ltd. announces that it has granted 1,870,000 stock options to directors, officers, and employees of the Company that vest in 90 days. The options were granted for a term of five years and expire on July 6, 2027. Each option allows the holder to purchase one common share of Eastplats at an exercise price of CDN$0.23. About Eastern Platinum Limited Eastplats owns directly and indirectly a number of platinum [...]
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