Eastern Platinum Ltd. is pleased to provide an update on the platinum group metals initiatives following the closing of the rights offering . The Company reports that its subsidiary, Barplats Mines Ltd. has committed ZAR9 million to the reconfiguring and optimization of the small-scale PGM circuit which also includes funding for some of the initial work required to restart the main PGM plant circuit . Barplats has [...]
Eastern Platinum Ltd. today announced the completion of the previously announced rights offering to its shareholders , subject to final approval of the Toronto Stock Exchange and Johannesburg Stock Exchange . Eastplats issued 36,841,741 common shares of the Company at a price of CDN$0.32 per Common Share for rights exercised on the TSX and R3.77136 per Common Share for rights exercised on the JSE. The Company is very [...]
Eastern Platinum Ltd. is pleased to report that its subsidiary, Barplats Mines Ltd. , has confirmed the provisional payment terms of the first delivered shipment of pressed filter cake platinum group metals concentrate under the existing offtake agreement between Barplats and Impala Refining Services Limited, now Impala Platinum Limited . These terms confirm the restart of PGM revenue by the Company. RIGHTS OFFERING The [...]
Eastern Platinum Ltd. is pleased to report that during December 2020 its subsidiary, Barplats Mines Ltd. , delivered its first shipment of pressed filter cake platinum group metals concentrate under the existing offtake agreement between Barplats and Impala Refining Services Limited, now Impala Platinum Limited . During 2020, the Company completed the refurbishment of the small-scale PGM circuit . The Company only [...]
Eastern Platinum Ltd. announces that it has received a petition filed with the Supreme Court of British Columbia, by Xiaoling Ren, a shareholder of the Company, seeking leave from the court to commence a derivative action on behalf of the Company against certain of its current and former directors. Ms. Ren is represented by the same law firm who filed a similar petition in November 2018 that was dismissed by the Supreme [...]
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 December 18, 2020 , 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 $0.32 or ZAR 3.77136 per Common Share . Shareholders who [...]
Eastern Platinum Ltd. announces that it has received the written reasons for judgment of the Court of Appeal for British Columbia dismissing the appeal of the petition filed by 2538520 Ontario Limited, seeking leave to commence a derivative action against certain of its current and former directors in relation to the transactions between the Company and Union Goal Offshore Solutions Limited . "The Company is pleased with [...]
Eastern Platinum Ltd. is pleased to report that it has filed its Q3 2020 condensed interim consolidated financial statements and management's discussion and analysis for the three and nine months ended September 30, 2020. Below is a summary of the Company's financial results for Q3 2020 : Revenue for the three and nine months ended September 30, 2020 increased to $16.8 million and $40.3 million respectively; Mining [...]
Eastern Platinum Ltd. announces that it has granted 1,770,000 stock options to directors and officers of the Company that vest in 90 days. The options were granted for a term of five years, and expire on October 16, 2025. Each option allows the holder to purchase one common share of Eastplats at an exercise price of CDN$0.37. For further information, please contact: Eastern Platinum Ltd. Rowland Wallenius, Chief Financial [...]
Eastern Platinum Ltd. is pleased to announce that all of the nominees proposed as directors and listed in the management information circular dated August 26, 2020 were elected as directors of Eastplats at its annual general meeting of shareholders held on October 15, 2020 . At the Meeting, PricewaterhouseCoopers LLP were also re-appointed as auditors of Eastplats. Detailed results of the vote for the election of [...]
Eastern Platinum Ltd. is pleased to report that it has filed its Q2 2020 condensed interim consolidated financial statements and management's discussion and analysis for the three and six months ended June 30, 2020. Below is a summary of the Company's financial results for Q2 2020 : Revenue for the six months ended June 30, 2020 increased to $23.5 million – 49% increase; Operating loss for the six months ended June 30 [...]
Eastern Platinum announces that its subsidiary, Barplats Mines Ltd., has entered into a project framework agreement with Advanced Beneficiation Technologies Proprietary Limited of South Africa , an organization fully compliant as a Black Economic Empowerment Entrepreneur and a member of the Omang Group of companies, to complete an independent feasibility study for the development and construction of a new modular plant [...]
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