Eastern Platinum Ltd.

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 [...]

Eastern Platinum Ltd. is pleased to announce the closing of the Company's previously announced settlement transaction with AlphaGlobal Capital Inc. pursuant to which AlphaGlobal has discontinued all claims by AlphaGlobal against the Company and its subsidiaries and released the Company from any and all claims that AlphaGlobal may have against the Company or its subsidiaries, in exchange for which the Company has: issued [...]

Eastern Platinum Ltd. today announced that the Company has reached a settlement agreement with AlphaGlobal Capital Inc. to dismiss all claims against the Company and its subsidiaries and to release the Company from any and all claims that AlphaGlobal may have against the Company or its subsidiaries, in exchange for the issuance of 8,000,000 common shares of the Company at a deemed subscription price of $0.235 CDN [...]

Eastern Platinum Ltd. reports that the chrome concentrate operation at Crocodile River Mine located in South Africa was temporarily halted on the weekend as a result of a confirmed case of COVID-19 and some precautionary steps the Company is taking, including personnel self-isolation and full scale deep cleaning of CRM. To ensure the safety and health of the staff, the Company is instituting a full baseline testing of [...]

Eastern Platinum Ltd. is pleased to report that it has filed its Q1 2020 condensed interim consolidated financial statements and management's discussion and analysis for the three month period ended March 31, 2020. Below is a summary of the Company's financial results for Q1 2020: Revenue increased to $14.2 million for Q1 2020 – 163% increase; Operating loss decreased to $1.2 million for Q1 2020; Net loss to equity [...]

Eastern Platinum Ltd. is pleased to report that on May 1, 2020 South Africa moved from the level 5 lock-down restrictions to level 4 in their alert system in response to COVID-19. This change permits Barplats Mines Ltd., a subsidiary of Eastplats, to begin the process of recalling its remaining workforce located within the Province, that were on paid leave during the lockdown, back to the mine in a carefully planned and [...]

Eastern Platinum Ltd. is pleased to report that the Director General Mineral Resources of South Africa issued an essential services order pursuant to which it has authorized Eastplats' subsidiary, Barplats Mines Ltd., to operate its tailings retreatment project located at the Crocodile River Mine at a reduced capacity and to transport and export the Chrome concentrate produced by the Retreatment Project. Barplats has [...]

Eastern Platinum Ltd. is pleased to report that it has filed its Audited Consolidated Financial Statements for the years ending December 31, 2019 and 2018 and the corresponding Management's Discussion and Analysis and Annual Information Form. Below is a summary of the Company's financial results and highlights for the year ended December 31, 2019 : Revenue for the year ended December 31, 2019 was $39.2 million compared to [...]

Eastern Platinum Ltd. reports that the president of South Africa, Mr. Cyril Ramaphosa, has imposed a nation-wide twenty-one day lockdown to fight the Coronavirus outbreak. The lockdown will begin at midnight on March 26?in South Africa and end at midnight on April 16. Individuals will not be allowed to leave their homes except under strictly controlled circumstances, such as to seek medical care and buy food and medicine [...]

Eastern Platinum Ltd. is aware that a shareholder, 2538520 Ontario Limited , has issued a press release on March 2, 2020 containing incorrect, unproven, and speculative information concerning the Company, its directors and others. Derivative action On August 28, 2019, Justice Smith of the Supreme Court of British Columbia dismissed an application by 2538520 on the basis that "2538520 has failed to satisfy the good faith [...]